Here's Why Artisan Mid Cap Fund is Seeing Upside Potential in Snowflake (SNOW)
Artisan Partners, an investment management company, released its 'Artisan Mid Cap Fund' first quarter 2025 investor letter. A copy of the letter can be downloaded here. In the first quarter, the fund's Investor Class fund ARTMX returned -7.40%, Advisor Class fund APDMX posted a return of -7.37%, and Institutional Class fund APHMX returned -7.35%, compared to a -7.12% return for the Russell Midcap Growth Index. US equities achieved solid Q4 gains, concluding a strong year. After a period of strong growth stock performance in 2023 and 2024, value stocks gained the lead in Q1 2025. In a risk-averse environment, investors shifted towards lower-volatility equities, especially in the utilities and consumer staples sectors, alongside those with higher dividend yields. In addition, please check the fund's top five holdings to know its best picks in 2025.
In its first-quarter 2025 investor letter, Artisan Mid Cap Fund highlighted stocks such as Snowflake Inc. (NYSE:SNOW). Snowflake Inc. (NYSE:SNOW) offers a cloud-based data platform to support various organizations. The one-month return of Snowflake Inc. (NYSE:SNOW) was 25.74%, and its shares gained 5.52% of their value over the last 52 weeks. On May 05, 2025, Snowflake Inc. (NYSE:SNOW) stock closed at $167.87 per share with a market capitalization of $56.085 billion.
Artisan Mid Cap Fund stated the following regarding Snowflake Inc. (NYSE:SNOW) in its Q1 2025 investor letter:
"During the quarter, we initiated new GardenSM positions in Baker Hughes, Snowflake Inc. (NYSE:SNOW) and Viking. Snowflake is a leading cloud data warehouse and analytics platform, benefiting from the ongoing shift away from on-premise infrastructure. Its cloud-native architecture enables greater scalability, faster performance and improved efficiency for businesses managing large data sets. We see upside as a new management team refines the company's sales and marketing strategy, aligning it with the growing demand for tools that help organizations organize and analyze data. While competition bears watching, we believe Snowflake is well positioned to help its customers structure data to take advantage of increasingly powerful AI models."
Snowflake Inc. (SNOW): Among Billionaire Michael Platt's Stock Picks with Huge Upside Potential
A software engineer at work, surrounded by a wall of computer monitors connected to a 'Data Cloud' platform.
Snowflake Inc. (NYSE:SNOW) is in not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 85 hedge fund portfolios held Snowflake Inc. (NYSE:SNOW) at the end of the fourth quarter which was 71 in the previous quarter. While we acknowledge the potential of Snowflake Inc. (NYSE:SNOW) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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