Artisan Partners
Artisan Partners Global Discovery Strategy
Global Large-cap Growth
Dec 2024 → Jun 2026
Our archive holds 7 letters from this strategy, behind 30 investment theses and positions in 44 companies. Every quote below is copied verbatim from the letter it came from.
7 letters in 3 years — follow all of Artisan Partners for every strategy.
What it bought and sold
In addition to ROBLOX, we ended our investment campaigns in Colliers International and MongoDB.
We trimmed the position during the quarter.
We initiated a position as the company appears to be in the early stages of a profit cycle driven by improving freight market conditions, ongoing productivity gains and continued execution of its multiyear lean operational transformation.
We trimmed the position during the quarter based on our valuation framework.
Following the recent share price weakness, we added to the position, as we believe the current valuation more than reflects the near-term execution and policy uncertainties.
During the quarter, we initiated new positions in Entegris, Cellebrite and C.H. Robinson.
We reduced the position throughout the quarter and ultimately exited as we reassessed the long-term competitive landscape.
We added to the position as we believe upcoming product launches and continued engagement with the company’s intellectual property will support the next phase of its profit cycle.
We added to the position following a pullback.
We added to the position during the quarter.
Although we continue to see long-term value in the platform and its user base, we exited the position and redeployed capital into other opportunities where recent pullbacks have created more attractive entry points.
We trimmed the position on valuation.
While we continue to believe the long-term transition toward all-flash storage remains intact, we reduced the position as the near-term risk/reward became less favorable.
We used the recent rebound in the share price to begin exiting the position, as we believe the company is later in its profit cycle and faces increasingly difficult year-over-year comparisons.
We took advantage of the recent pullback to add to the position.
During the quarter, we initiated new positions in Entegris, Cellebrite and C.H. Robinson.
Also held
Its investment theses
- C.H. Robinson WorldwideJun 2026C.H. Robinson Worldwide is a large logistics provider with an early profit cycle, AI-enabled efficiency gains and potential competitive benefits from higher barriers to entry.
- 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.
- Spotify Technology SAMar 2026Spotify Technology is a leading audio platform with improving fundamentals and monetization catalysts, underpinned by AI-enabled capabilities and a strong recommendation engine.
- Insmed IncMar 2026Insmed is a pulmonary-focused biotech with durable ARIKAYCE revenue and a promising Brinsupri launch that could drive a meaningful profit cycle.
- RBC Bearings IncMar 2026RBC Bearings is a critical sole-source supplier with record backlog and aerospace-driven growth that supports ongoing margin expansion.