Artisan Partners
Artisan Partners US Select Equity Fund
US Large-cap
Jun 2026 → Sep 2026
Our archive holds 2 letters from this strategy, behind 2 investment theses and positions in 23 companies. Every quote below is copied verbatim from the letter it came from.
2 letters in a year · follow all of Artisan Partners for every strategy.
Performance
as of Sep 30, 2026 · net of fees · USD · Class I USD
- YTD+12.0%index +12.8%
- 1Y+21.4%index +15.7%
- 3Y · /yr+24.0%index +22.9%
- 5Y · /yr+12.9%index +13.8%
- Inception · /yr+18.1%index +18.4%
Index: S&P 500 Index (USD)
| YTD | 1Y | 3Yper year | 5Yper year | Since inceptionper year | |
|---|---|---|---|---|---|
| Artisan Partners US Select Equity Fund | +12.0% | +21.4% | +24.0% | +12.9% | +18.1% |
| S&P 500 Index (USD) | +12.8% | +15.7% | +22.9% | +13.8% | +18.4% |
Calendar years
- 2025+29.4%
- 2024+16.2%
- 2023+26.7%
- 2022−16.6%
- 2021+15.9%
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
We view this as a fair price and trimmed our position during the quarter.
We added a new holding to the portfolio this quarter, Diageo.
We exited our position in Lam Research.
We continue to have significant exposure to Samsung in the portfolio, but we have also meaningfully trimmed our position.
Also held
Its investment theses
- Marsh & McLennan Companies, Inc.Jun 2026Marsh is held and added to because the managers see the stock as cheap, with a durable commercial insurance brokerage model and valuable proprietary data that AI is unlikely to displace.
- Samsung Electronics Co LtdJun 2026Samsung is a key position because AI-driven memory demand is creating extraordinary profit growth and a powerful cycle.