Artisan Partners
Artisan Partners Developing World Strategy
Global Mega-cap
Mar 2025 → Sep 2026
Our archive holds 9 letters from this strategy, behind 8 investment theses and positions in 32 companies. Every quote below is copied verbatim from the letter it came from.
9 letters in 2 years · follow all of Artisan Partners for every strategy.
Performance
as of Sep 30, 2026 · net of fees · USD · Class I USD
- YTD+0.9%index +23.4%
- 1Y−8.5%index +29.2%
- 3Y · /yr+16.0%index +24.1%
- 5Y · /yr−0.3%index +8.9%
- Inception · /yr+11.4%index +9.4%
Index: MSCI Emerging Markets Index (USD)
| YTD | 1Y | 3Yper year | 5Yper year | Since inceptionper year | |
|---|---|---|---|---|---|
| Artisan Partners Developing World Strategy | +0.9% | −8.5% | +16.0% | −0.3% | +11.4% |
| MSCI Emerging Markets Index (USD) | +23.4% | +29.2% | +24.1% | +8.9% | +9.4% |
Calendar years
- 2025+8.1%
- 2024+28.1%
- 2023+29.0%
- 2022−41.2%
- 2021−9.8%
Disclaimer
These figures are copied from the manager’s latest letter, as of Sep 30, 2026. They were extracted automatically, have not been verified by HF Best Ideas and may contain errors. They cover a single share class, in the currency and fee basis stated above; other share classes and your own returns will differ. This is not investment advice, nor an offer to buy or sell any fund. Past performance does not predict future returns.
Read full disclosures →What it bought and sold
- AddedPaytmSep 2026
we like Paytm as a direct play on SME lending.
Over the past year, we have layered in new investments in Safran, which has an aircraft engine services business with recurring revenue characteristics, and Air Liquide whose industrial gas business has enjoyed consistent price increases and relatively small volume variability.
Over the past year, we have layered in new investments in Safran, which has an aircraft engine services business with recurring revenue characteristics, and Air Liquide whose industrial gas business has enjoyed consistent price increases and relatively small volume variability.
NVIDIA was harvested in part to seed an investment in ARM Holdings in 2024, which we believed could play a critical role in custom chip development and AI chip proliferation.
Micron now represents 6.5% of our portfolio in large part due to appreciation, and despite recent trims.
Also held
- MercadoLibre
- Cie Financiere Richemont
- Visa
- Eternal
- Micron Technology
- Grab Holdings
- ARM Holdings
- PB Fintech
- One 97 Communications
- Hermes International
- Sea
- MakeMyTrip
- NVIDIA Corp
- Circle Internet Group
- Arm Holdings
- NVIDIA
- Ferrari
- LVMH
- Apollo Hospitals Enterprise
- CrowdStrike
- Snowflake
- CrowdStrike Holdings
- NU Holdings Ltd
- Taiwan Semiconductor Manufacturing Co Ltd
- Eternal Ltd
- Sea Ltd
- Snowflake Inc
- MakeMyTrip Ltd
- Tencent Holdings Ltd
- MercadoLibre Inc
- Adyen NV
- MiniMax Group Inc
- Kanzhun Ltd
- Circle Internet Group Inc
- Coinbase Global Inc
- Paytm
- Grab Holdings Ltd
- Crowdstrike Holdings Inc
- Alibaba Group Holding Ltd
Its investment theses
- Visa IncSep 2026Visa continues to compound through frictionless commerce and growing value-added services.
- Sea LtdSep 2026Sea continues to show that scale advantages can support sustained growth and compounding.
- Visa IncSep 2026Visa continues to compound through frictionless commerce and fast-growing value-added services.
- Tencent Holdings LtdSep 2026Tencent may benefit from agentic AI opportunities through its Weixin ecosystem and discounted valuation.
- Arm Holdings plcSep 2026Arm could benefit from agentic AI demand for CPUs and its power-efficient CPU IP.
- Micron Technology IncSep 2026Micron could benefit from agentic AI demand for DRAM and broader compute needs.
- Sea LtdJun 2026Sea is developing AI features in Shopee that could improve merchant value and increase take rates.
- Minimax Group IncMar 2026Minimax Group Inc is a Chinese AI model company offering low-cost token-based capabilities with a usage-driven revenue model adopted by major platforms.