Artisan Partners
Artisan Partners Non-U.S. Growth Strategy
International Large-cap Growth
Dec 2025 → Sep 2026
Our archive holds 4 letters from this strategy, behind 14 investment theses and positions in 28 companies. Every quote below is copied verbatim from the letter it came from.
4 letters in 2 years · follow all of Artisan Partners for every strategy.
Performance
as of Sep 30, 2026 · net of fees · USD · Composite: Net
- YTD+8.8%index +10.3%
- 1Y+11.2%index +15.7%
- 3Y · /yr+21.7%index +18.4%
- 5Y · /yr+9.3%index +9.3%
- 10Y · /yr+9.6%index +9.1%
- Inception · /yr+9.3%index +5.8%
Index: MSCI EAFE Index
| YTD | 1Y | 3Yper year | 5Yper year | 10Yper year | Since inceptionper year | |
|---|---|---|---|---|---|---|
| Artisan Partners Non-U.S. Growth Strategy | +8.8% | +11.2% | +21.7% | +9.3% | +9.6% | +9.3% |
| MSCI EAFE Index | +10.3% | +15.7% | +18.4% | +9.3% | +9.1% | +5.8% |
Calendar years
- 2025+36.7%
- 2024+10.7%
- 2023+14.5%
- 2022−19.2%
- 2021+9.1%
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
In Samsung’s case, we completely closed our position following the sell-off in July.
In electrification, we added The Williams Companies and Enbridge.
We also sold shares in Fujikura during the quarter.
In financials, we added Standard Chartered, a UK- headquartered banking group with operations concentrated in Asia and additional business in Africa and the Middle East.
With that prospect increasingly constrained, we exited the position.
In electrification, we added The Williams Companies and Enbridge.
- 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.
Sticking with electrification, we added Sumitomo Electric Industries, a Japan-based manufacturer of electric wires, cables and related equipment.
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.
Also held
Its investment theses
- SPIESep 2026SPIE is a French technical services company benefiting from grid investment, a record order book, and a shift toward higher-margin electricity network projects.
- Japan Post BankSep 2026Japan Post Bank has earnings upside from improving returns on its large investment portfolio and more productive use of its balance sheet.
- SSE PLCSep 2026SSE is a utility whose large regulated network investment program should more than triple its regulated asset base and support earnings growth.
- Standard Chartered PLCSep 2026Standard Chartered is positioned to benefit from Asian wealth growth, expanding fee income, improving profitability, and share buybacks.
- The Williams CompaniesSep 2026The Williams Companies is a US midstream pipeline operator with growth from LNG export demand, network scale, and data-center power generation.
- Enbridge IncSep 2026Enbridge offers North American energy infrastructure exposure with sustained cash flow growth from network expansion, acquisitions, and large organic opportunities.
- Safran SAJun 2026Safran SA benefits from civil aerospace strength, aftermarket demand and growing defense propulsion capacity.
- Ryanair Holdings plcJun 2026Ryanair Holdings plc has a structural cost advantage and should gain market share from higher-cost European airlines.
- Sun Hung Kai Properties LtdMar 2026Sun Hung Kai Properties is a dominant Hong Kong real estate company benefiting from improved mortgage rates, returning mainland buyers and rising profits.
- MNC SolutionsDec 2025MNC Solutions provides mission-critical power and automation for defense infrastructure with resilient demand, long-term contracts, and ~20% growth potential.