Artisan Partners
Artisan Partners Global Equity Strategy
Global Large-cap
Dec 2024 → Sep 2026
Our archive holds 10 letters from this strategy, behind 14 investment theses and positions in 27 companies. Every quote below is copied verbatim from the letter it came from.
10 letters in 3 years · follow all of Artisan Partners for every strategy.
Performance
as of Sep 30, 2026 · net of fees · USD · Class I USD
- YTD+3.8%index +13.0%
- 1Y+7.1%index +16.8%
- 3Y · /yr+25.7%index +21.7%
- 5Y · /yr+9.9%index +11.6%
- 10Y · /yr+13.4%index +12.4%
- Inception · /yr+12.4%index +11.3%
Index: MSCI All Country World Index (USD)
| YTD | 1Y | 3Yper year | 5Yper year | 10Yper year | Since inceptionper year | |
|---|---|---|---|---|---|---|
| Artisan Partners Global Equity Strategy | +3.8% | +7.1% | +25.7% | +9.9% | +13.4% | +12.4% |
| MSCI All Country World Index (USD) | +13.0% | +16.8% | +21.7% | +11.6% | +12.4% | +11.3% |
Calendar years
- 2025+43.3%
- 2024+20.6%
- 2023+12.0%
- 2022−19.9%
- 2021+5.3%
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
With that prospect increasingly constrained, we exited the position.
In electrification, we added The Williams Companies, a US midstream energy business whose approximately 32,000-mile pipeline network handles about one-third of the country’s natural gas consumption.
In Samsung’s case, we completely closed our position early in the quarter.
Within financials, we added Moody’s, a credit rating, research and risk analysis firm.
We also sold shares in Fujikura during the quarter.
In electrification, we added The Williams Companies, a US midstream energy business whose approximately 32,000-mile pipeline network handles about one-third of the country’s natural gas consumption.
Additional weakness came from communication services, where satellite operators SKY Perfect JSAT and Ovzon detracted.
Outside of our core themes, we added GRAIL, a US-based biotechnology company focused on early cancer detection.
Within financials, we added Moody’s, a credit rating, research and risk analysis firm.
Outside of our core themes, we added GRAIL, a US-based biotechnology company focused on early cancer detection.
Amid the strength, we locked in gains by completely closing our position while maintaining conviction in the broader electrification theme.
We also added Techtronic Industries, a global power tools leader with well-established brands including Milwaukee, Ryobi and AEG.
We added to the position in June as we believe lowered valuations have created an opportunity.
Sticking with electrification, we added Sumitomo Electric Industries, a Japan-based manufacturer of electric wires, cables and related equipment.
- TrimmedLIG Nex1 Co LtdJun 2026
Within aerospace and defense, we sold our remaining position in Hanwha Aerospace and reduced our position in LIG Defense and Aerospace.
Within aerospace and defense, we sold our remaining position in Hanwha Aerospace and reduced our position in LIG Defense and Aerospace.
In consumer-related holdings, we initiated a position in Ryanair, a low- cost European airline with a strong balance sheet and structural cost advantage.
In consumer-related holdings, we initiated a position in Ryanair, a low-cost European airline with a strong balance sheet and structural cost advantage.
We added to the position in June as we believe lowered valuations have created an opportunity.
Also held
- LIG Nex1 Co Ltd
- Alphabet Inc
- Ovzon AB
- Piraeus Financial Holdings SA
- Alpha Bank SA
- Taiwan Semiconductor Manufacturing Co Ltd
- National Grid plc
- Mitsubishi UFJ Financial Group Inc
- SPIE SA
- Public Power Corporation SA
- SKY Perfect JSAT Corp
- British American Tobacco PLC
- Japan Post Bank Co Ltd
- Piraeus Bank SA
- Samsung Electronics Co
- Taiwan Semiconductor Manufacturing Co
- Piraeus Financial Holdings S.A.
- Samsung Electronics Co Ltd
Its investment theses
- Mitsubishi UFJ Financial GroupSep 2026Mitsubishi UFJ Financial Group is benefiting from higher Japanese interest rates, with loan growth and widening lending spreads supporting earnings over time.
- Japan Post BankSep 2026Japan Post Bank is improving returns on its large investment portfolio as it shifts away from cash and uses its balance sheet more productively.
- National GridSep 2026National Grid is supported by a £70 billion investment program and regulated asset base growth that should drive earnings growth.
- Moody's CorpSep 2026Moody's Corp is a credit rating and risk analytics firm with a defensible ratings franchise, high barriers to entry, and continued demand growth.
- The Williams CompaniesSep 2026The Williams Companies is a US midstream energy business with extensive pipeline infrastructure and growth opportunities from expanding gas demand and data centers.
- GRAILSep 2026GRAIL is a cancer-detection biotech with a large addressable market, regulatory progress, and reimbursement potential supporting substantial revenue growth.
- Ovzon ABSep 2026Ovzon provides secure mobile satellite communications for military customers, with recurring service revenue and equipment upsell potential as its installed base grows.
- Piraeus Financial Holdings S.A.Sep 2026Piraeus is a Greek bank with strong growth, improving profitability, expanding fee income, and a broader earnings base after acquiring Ethniki.
- Ryanair Holdings PLCJun 2026Ryanair Holdings PLC has a strong balance sheet, structural cost advantages, and market-share gains driven by low fares and scale.
- Taiwan Semiconductor Manufacturing Co LtdJun 2026Taiwan Semiconductor Manufacturing Co Ltd benefits from supply-constrained advanced computing demand, improved visibility into 2027, and better pricing power with its 2nm chips.