Artisan Partners
Artisan Partners Global Discovery Strategy
Global Large-cap Growth
Dec 2024 → Sep 2026
Our archive holds 9 letters from this strategy, behind 33 investment theses and positions in 63 companies. Every quote below is copied verbatim from the letter it came from.
9 letters in 3 years · follow all of Artisan Partners for every strategy.
Performance
as of Sep 30, 2026 · net of fees · USD · Composite: Net
- YTD+3.5%index +11.1%
- 1Y+5.5%index +13.4%
- 3Y · /yr+14.2%index +17.1%
- 5Y · /yr+3.0%index +7.0%
- Inception · /yr+11.8%index +8.8%
Index: MSCI All Country World Small Mid Index
| YTD | 1Y | 3Yper year | 5Yper year | Since inceptionper year | |
|---|---|---|---|---|---|
| Artisan Partners Global Discovery Strategy | +3.5% | +5.5% | +14.2% | +3.0% | +11.8% |
| MSCI All Country World Small Mid Index | +11.1% | +13.4% | +17.1% | +7.0% | +8.8% |
Calendar years
- 2025+12.2%
- 2024+16.4%
- 2023+21.1%
- 2022−30.8%
- 2021+12.9%
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
- AddedNeptune InsuranceSep 2026
We added to the position on the pullback, as we believe concerns around broker disintermediation are misplaced given Neptune’s business model.
The acquisition of AMI during the quarter adds platform firmware and data center management software to Lattice’s FPGA portfolio, creating a more complete management and control platform for AI data center infrastructure.
We trimmed the position as questions around growth of the Decipher® test are likely to persist until newer products become more meaningful contributors.
We reduced the position throughout the quarter and ultimately exited to consolidate our AI infrastructure exposure into higher-conviction opportunities.
We initiated a GardenSM position as we believe the company is relatively early in a profit cycle supported by recovering industrial activity and several secular growth opportunities.
We initiated a GardenSM position and later elevated it to a CropSM as our conviction increased.
We added to our GardenSM position during a pullback.
and we added to our position following the pullback.
We added to our GardenSM position during a pullback.
we reduced the position following the recent rally as valuation became less compelling and near-term catalysts appeared more limited.
We added modestly to the position during the quarter as strong topline and margin momentum reinforced our conviction in the profit cycle.
We added modestly to the position during the quarter as strong topline and margin momentum reinforced our conviction in the profit cycle.
During the quarter, we initiated new positions in Manhattan Associates, Okta and Clean Harbors.
we added to the position following the pullback.
During the quarter, we initiated new positions in Manhattan Associates, Okta and Clean Harbors.
We trimmed the position following strong share-price appreciation.
We exited the position to consolidate our AI infrastructure exposure into higher-conviction opportunities.
and we added to our position following the pullback.
we reduced the position following the recent rally as valuation became less compelling and near-term catalysts appeared more limited.
we expect the acquisition to accelerate Lattice’s profit cycle, leading us to add to the position following the stock’s pullback.
we exited the position following Intercontinental Exchange’s announced acquisition of MarketAxess
We reduced the position throughout the quarter and ultimately exited to consolidate our AI infrastructure exposure into higher-conviction opportunities.
We initiated a GardenSM position as the core business began to reaccelerate, supported by stronger growth with large-enterprise customers, broader adoption of Okta Identity Governance and improved sales productivity.
we exited the position following Intercontinental Exchange’s announced acquisition of MarketAxess, which may increase competitive intensity across the industry.
Also held
- Entegris Inc
- Tyler Technologies Inc
- Woodward
- Fox Corporation
- Babcock International
- FTAI Aviation
- Rubrik Inc
- Compass
- Babcock International Group PLC
- SiTime Corp
- BWX Technologies
- Arxis
- Fox
- Argenx
- Compass Inc
- Rubrik
- SiTime
- Entegris
- Spotify Technology
- Woodward Inc
- 10x Genomics
- Tyler Technologies
- Spotify Technology SA
- FTAI Aviation Ltd
- Veracyte
- Modine Manufacturing
- West Pharmaceutical Services
- MACOM Technology Solutions
- Sea Limited
- Texas Roadhouse
- Ascendis Pharma A/S
- TopBuild
- STMicroelectronics
- Neptune Insurance Holdings
- Viking Holdings
Its investment theses
- Neptune InsuranceSep 2026Neptune Insurance serves a large underpenetrated flood market with differentiated technology, underwriting, and AI-enabled distribution.
- Lattice SemiconductorSep 2026Lattice Semiconductor is a low-power FPGA leader whose AMI acquisition expands its AI data center platform and market opportunity.
- CognexSep 2026Cognex makes machine vision systems and should benefit from a strengthening automation cycle and the RealSense acquisition.
- US FoodsSep 2026US Foods is a large food distributor with improving margins and volume growth, though the valuation became less compelling after the rally.
- Games Workshop GroupJun 2026Games Workshop Group monetizes the Warhammer ecosystem with recurring engagement, licensing upside and support from upcoming product cycles.
- EntegrisJun 2026Entegris supplies semiconductor manufacturing materials and filtration systems and offers long-term content growth and margin expansion potential.
- Babcock International GroupJun 2026Babcock International Group is a UK defense supplier with strong core businesses, long-term defense opportunities and an attractive valuation after weakness.
- Tradeweb MarketsJun 2026Tradeweb operates a large fixed income electronic trading marketplace and has a long runway for growth and margin expansion as markets electronify.
- CellebriteJun 2026Cellebrite sells digital forensics software and Genesis could accelerate growth by improving productivity, expanding TAM and strengthening its AI position.
- Teledyne TechnologiesJun 2026Teledyne Technologies sells advanced sensing and analysis technologies and benefits from defense growth, industrial recovery and disciplined capital allocation.