HF Best Ideas
AnalysesQuarterly LettersInsightsChartsWarren AI
All funds

Artemis Funds

Dec 2024 → Mar 2026 · Publishes quarterly · 13 funds

Our archive holds 23 letters from Artemis Funds, behind 22 investment theses and positions in 106 companies. Every quote below is copied verbatim from the letter it came from.

Writes about

Get an email when this fund publishes its next letter

23
Letters
106
Companies
62
Moves
22
Theses

13 strategies

Artemis Funds publishes a letter per strategy. Each one has its own page with what it holds, what it bought and what it wrote.

What they bought and sold · 62 moves

  • New positionRELX
    March 2026
    “We initiated a new position in RELX at the start of February when it found itself unjustly lumped in with the ‘AI losers’ trade.”
    Read the letter
  • AddedFlutter
    March 2026
    “We added to our modest holding in a company whose shares trade on 10x forecasted earnings for 2027 and which is making significant investment into building its presence in prediction markets.”
    Read the letter
  • AddedBloomsbury Publishing plc
    March 2026
    “Bloomsbury Publishing (a new holding) announced the publication dates for the next two novels by bestselling author Sarah J Maas, prompting an upgrade in earnings expectations.”
    Read the letter
  • ExitedInternational Personal Finance
    March 2026
    “With some reluctance, we sold the position in International Personal Finance (IPF) which agreed to be acquired by BasePoint Capital in the US towards the end of 2025.”
    Read the letter
  • AddedNIOX
    March 2026
    “We increased our exposure to medical device manufacturer NIOX, which had lagged despite strong results.”
    Read the letter
  • ExitedVidendum plc
    March 2026
    “We also sold the trust's small residual holding in Videndum, having decided not to participate in its refinancing.”
    Read the letter
  • ExitedUlta Beauty
    March 2026
    “We exited the position in Ulta Beauty, after a surge higher in its share price pushed its valuation up to our target.”
    Read the letter
  • TrimmedCoats Group plc
    March 2026
    “Most other sales involved trimming strong relative performers, including Serco, Coats and Secure Trust Bank.”
    Read the letter
  • New positionBloomsbury Publishing
    March 2026
    “Bloomsbury Publishing (a new holding) announced the publication dates for the next two novels by bestselling author Sarah J Maas, prompting an upgrade in earnings expectations.”
    Read the letter
  • AddedDiscoverIE
    March 2026
    “we also added to our recent new holding in DiscoverIE, which designs and manufactures specialist electrical components.”
    Read the letter
  • AddedBroadcom
    March 2026
    “We recycled capital from these transactions into Broadcom, reducing our underweight in a stock that we believe will benefit from AI data centre spending.”
    Read the letter
  • TrimmedAmazon
    March 2026
    “We sold our position in Microsoft and reduced our positions in Amazon and Alphabet, reflecting our view that there are more attractive opportunities elsewhere.”
    Read the letter
  • New positionGildan Activewear
    March 2026
    “Its recent acquisition of Hanesbrands adds scale, could generate cost synergies and could begin to unlock growth opportunities for a business that has historically been starved of investment.”
    Read the letter
  • AddedCitizens Financial Group
    March 2026
    “We also added holdings in consumer goods company Procter & Gamble and Citizens Financial Group, a regional bank.”
    Read the letter
  • AddedSanDisk
    March 2026
    “Whilst we have been taken some profits following the substantial appreciation in its share price, we expect demand for NAND memory, which is vital to the AI buildout, to remain strong.”
    Read the letter
  • TrimmedIQVIA
    March 2026
    “After meeting with management and debating potential outcomes across the team, we reduced our position.”
    Read the letter
  • AddedEntain
    March 2026
    “In response to the weakness, we added to the existing holding in Entain and started a new holding in Flutter Entertainment.”
    Read the letter
  • New positionJB Hunt
    March 2026
    “JB Hunt is a transport company with a leading ‘intermodal’ network that takes freight from trucks to the railway and then back to trucks, cutting costs and improving service to its customers.”
    Read the letter
  • ExitedJTC
    March 2026
    “We sold our remaining holding in JTC after the recommended £2bn cash bid by private equity firm Permira.”
    Read the letter
  • New positionFlutter Entertainment
    March 2026
    “In response to the weakness, we added to the existing holding in Entain and started a new holding in Flutter Entertainment.”
    Read the letter
  • ExitedOxford Instruments plc
    March 2026
    “We have since sold our holding on valuation grounds.”
    Read the letter
  • ExitedMorgan Advanced Materials
    March 2026
    “With operational momentum lagging our expectations, we sold what remained of our holding.”
    Read the letter
  • AddedICG
    March 2026
    “We added to the holding.”
    Read the letter
  • New positionTristel
    March 2026
    “We started a new holding in Tristel, which supplies chlorine dioxide for high-level disinfection of medical devices (for example ultrasound probes) in hospitals.”
    Read the letter
  • ExitedMicrosoft
    March 2026
    “We sold our position in Microsoft and reduced our positions in Amazon and Alphabet, reflecting our view that there are more attractive opportunities elsewhere.”
    Read the letter
  • TrimmedWells Fargo
    March 2026
    “Perhaps most notably we took money out of our positions in banks such as Wells Fargo.”
    Read the letter
  • New positionPZ Cussons plc
    March 2026
    “We started new holdings in Tristel and PZ Cussons.”
    Read the letter
  • TrimmedSerco Group
    March 2026
    “Most other sales involved trimming strong relative performers, including Serco, Coats and Secure Trust Bank.”
    Read the letter
  • New positionTarga Resources
    March 2026
    “The biggest addition to the portfolio over the quarter was Targa Resources, a modestly valued energy company operating in the Permian Basin, the largest onshore oilfield in the US.”
    Read the letter
  • AddedProcter & Gamble
    March 2026
    “We also added holdings in consumer goods company Procter & Gamble and Citizens Financial Group, a regional bank.”
    Read the letter

Showing the 30 most recent of 62 recorded moves.

Companies held · 106

Every company Artemis Funds has disclosed a position in across our archive, with the letter that last mentioned it.

Theses · 22

  • Targa Resources Corp
    March 2026

    Targa Resources is a Permian-focused midstream operator in gas and NGLs with growth supported by faster NGL production and new pipeline and export investments.

    Read the full thesis
  • Gildan Activewear Inc.
    March 2026

    Gildan Activewear is a low-cost, vertically integrated apparel maker expanding its cost advantage and scale with potential synergies from Hanesbrands.

    Read the full thesis
  • Tristel plc
    March 2026

    Tristel supplies chlorine dioxide disinfection products with high margins, double-digit organic growth, and transformative US market potential.

    Read the full thesis
  • discoverIE Group plc
    March 2026

    discoverIE Group designs specialist electronic components with switching-cost advantages and offers attractive valuation amid upgraded growth expectations.

    Read the full thesis
  • discoverIE Group plc
    December 2025

    discoverIE Group plc makes hard-to-switch specialist components and offers double-digit growth at under 15x earnings with a >6% free cash flow yield.

    Read the full thesis
  • YouGov plc
    December 2025

    YouGov is a proprietary data-driven research firm with high ROC and recurring revenue, poised to reaccelerate growth by leveraging AI and LLMs on its large consumer panel.

    Read the full thesis
  • Bloomsbury Publishing plc
    December 2025

    Bloomsbury Publishing plc offers an 8% FCF yield, net cash, a growing academic mix, strong backlist, and durable IP tailwinds like Harry Potter.

    Read the full thesis
  • WT Microelectronics Co Ltd
    December 2025

    WT Microelectronics is a fast-growing Taiwan components distributor trading at ~10x forward P/E with rising forecasts and strong value per share growth.

    Read the full thesis
  • 4imprint
    September 2025

    4imprint is the largest distributor of custom-printed promotional merchandise in North America, currently facing short-term challenges due to tariffs but poised for long-term growth and increased market share.

    Read the full thesis
  • Coats Group plc
    September 2025

    Coats is the global leader in industrial threads, recently strengthening its growth platform through the $770m acquisition of insole technology provider Ortholite.

    Read the full thesis
  • Contemporary Amperex Technology
    September 2025

    Contemporary Amperex Technology (CATL) is the world's largest lithium-ion battery manufacturer, poised for significant growth due to its scale, innovation, strong market position in electric vehicles, and positive financial outlook.

    Read the full thesis
  • Dr. Martens
    September 2025

    Dr. Martens is showing promising signs of recovery under new management with a focus on product diversification, appropriate distribution strategies, and positive cost discipline, presenting an attractive investment opportunity.

    Read the full thesis

Letter archive · 23

2026

2025

2024

Get Artemis Funds’s next letter the day it lands

We track Artemis Funds alongside hundreds of other managers, read every letter, and pull out what they bought and sold. Warren AI reads the whole archive for you.

View plans→
Share this fund