Artisan Partners
Artisan US Mid Cap Value Strategy
US Mid-cap Value
Dec 2024 → Jun 2025
Our archive holds 4 letters from this strategy, behind 3 investment theses and positions in 10 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.
What it bought and sold
We initiated our position at $150 per share.
While we cannot predict the trends in consumer demand or interest rates, we added to our position at what look to us to be attractive prices as we believe the selling has been overdone.
In addition to adding Pinterest and Ferguson in April, we also initiated new positions in Align Technology and CDW.
We added Ferguson to the portfolio on April 10 near the depths of the post-Liberation Day market selloff.
Amid the market tumult in April, we took advantage of people’s zeal for stable businesses to exit our position at what appeared a full valuation.
Also held
- LKQ Corp
- Cable One Inc
- Genpact Ltd
- nVent Electric PLC
Its investment theses
- CDWJun 2025CDW is a resilient value-added reseller of IT solutions, poised for steady growth by consolidating its share in the fragmented VAR market, particularly by serving small and medium businesses.
- Align TechnologyJun 2025Align Technology is a medical device company specializing in Invisalign clear aligners, which we view as a high-quality investment opportunity acquired at a reasonable price following market volatility.
- Permian ResourcesMar 2025Permian Resources is an independent oil and gas company focused on the Delaware Basin, committed to generating substantial free cash flow, returning capital to shareholders, and pursuing responsible operations while capitalizing on undervalued assets.