Artisan Partners
Artisan Partners Value Income Strategy
US Mega-cap Value
Dec 2024 → Jun 2026
Our archive holds 4 letters from this strategy, behind 9 investment theses and positions in 18 companies. Every quote below is copied verbatim from the letter it came from.
4 letters in 3 years · follow all of Artisan Partners for every strategy.
Performance
as of Jun 30, 2026 · net of fees · USD · Composite: Net
- YTD+7.8%index +10.2%
- 1Y+13.6%index +22.3%
- 3Y · /yr+11.9%index +20.6%
- Inception · /yr+7.0%index +14.9%
Index: S&P 500® Index
| YTD | 1Y | 3Yper year | Since inceptionper year | |
|---|---|---|---|---|
| Artisan Partners Value Income Strategy | +7.8% | +13.6% | +11.9% | +7.0% |
| S&P 500® Index | +10.2% | +22.3% | +20.6% | +14.9% |
Calendar years
- 2025+10.6%
- 2024+10.1%
- 2023+11.4%
Disclaimer
These figures are copied from the manager’s latest letter, as of Jun 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 →Also held
Its investment theses
- Genuine Parts CompanyDec 2025Genuine Parts Company is a global parts distributor with strong cash conversion, solid ROIC, steady automotive demand, conservative financing, and a discounted valuation with a 3.4% yield.
- Union Pacific CorporationDec 2025Union Pacific is a scale railroad with pricing power and PSR-driven efficiency, delivering strong ROIC and FCF while trading below historical multiples amid cyclical headwinds.
- Philip Morris International IncDec 2025Philip Morris International is shifting to smoke-free products like IQOS and Zyn, leveraging global scale for growth—especially in the US—while trading at an undemanding valuation with strong economics.
- Prosperity BancShares IncDec 2025Prosperity BancShares is a well-capitalized Texas regional bank led by an owner-operator CEO with strong expense discipline, consolidation advantages, and a cheap valuation.
- Wells Fargo & CompanyDec 2025Wells Fargo is a leading US bank with improving governance, rising ROTCE guidance after the asset cap lift, strong capital returns, a clean credit profile, and an attractive valuation.
- Merck & Co IncDec 2025Merck is a major healthcare company with a deep late-stage pipeline, strong balance sheet, and robust free cash flow that support partnerships, M&A, and capital returns despite concerns over Keytruda’s patent expiry.
- AmrizeJun 2025Amrize is the largest cement producer in the US and the fifth-largest aggregates producer in North America, benefiting from a low-cost inland distribution network and strong market positioning in local aggregates markets.
- BoeingDec 2024Boeing is facing significant production challenges and safety concerns with its 737 Max, but presents a unique investment opportunity due to its industry position and potential for recovery.
- Wells FargoDec 2024Wells Fargo is poised for long-term growth and improved profitability as it works to lift a $1.95 trillion asset cap imposed by the Federal Reserve while enhancing accountability and operational efficiency under CEO Charlie Scharf.