Artisan Partners
Artisan Partners Non-U.S. Small-Mid Growth Strategy
International Mid-cap Growth
Dec 2025 → Jun 2026
Our archive holds 3 letters from this strategy, behind 20 investment theses and positions in 28 companies. Every quote below is copied verbatim from the letter it came from.
3 letters in 2 years — follow all of Artisan Partners for every strategy.
What it bought and sold
(Note that ABB acquired Rotork post the close of Q2 at a 73% premium.)
and former portfolio holding Fabrinet (sold in Q1 on valuation after a nearly six-fold appreciation since our initial investment in August 2020).
Also held
Its investment theses
- Glanbia PLCJun 2026Glanbia is a nutrition and wellness company with strong brands, sticky value-added B2B partnerships and exposure to secular health and protein trends.
- Rohm Co., Ltd.Jun 2026Rohm has a strong silicon-carbide and analog semiconductor position, improving profitability and strategic optionality from potential partnerships.
- LivaNova PLCJun 2026LivaNova combines dominant cardiopulmonary market share, a growing neuromodulation business and an approved sleep-apnea pipeline with long growth runway.
- DBV Technologies S.A.Jun 2026DBV Technologies is a clinical-stage allergy company whose VIASKIN Peanut could address a large underserved market and become a meaningful commercial product.
- Rotork plcMar 2026Rotork is a specialist in intelligent flow control whose electric actuators should see increased demand from accelerating pipeline and LNG buildouts, supporting durable, high-returns growth.
- Rohm Co LtdMar 2026Rohm is a strategically positioned power semiconductor maker with restructuring and margin expansion potential, takeover and merger optionality, and underappreciated cash and Toshiba stake value.
- Smiths Group plcMar 2026Smiths Group is positioned to benefit from rising energy infrastructure needs with high returns on capital, pricing power, and methane-leak-preventing seal technologies.
- Landis+Gyr Group AGMar 2026Landis+Gyr provides smart grid metering and IoT networks with inflation-linked contracts, a growing software mix, and strategic actions to enhance earnings quality and valuation.
- SolarEdge Technologies IncMar 2026SolarEdge Technologies is a solar inverter leader with DC/DC advantages, expanding into storage and solid-state transformers, margin upside, and AI-driven power demand tailwinds.
- Inspire Medical Systems IncMar 2026Inspire Medical Systems is a leader in sleep apnea implants with strong margins, recovering procedures, attractive valuation reset, and a long runway for technology and adoption.