Latest news with #ArtisanMidCapFund
Yahoo
2 days ago
- Business
- Yahoo
Josh Brown Says Zscaler (ZS) ‘Dominant' Cybersec Stock for ‘Years to Come'
Joshua Brown is co-founder and CEO of Ritholtz Wealth Management, said in a latest program on CNBC that Zscaler, Inc (NASDAQ:ZS) is among his top cybersecurity stock picks. Here is how he explained his bull case for the stock: 'On my best stocks in the market list, we talked about Zcaler a couple of weeks back. Stock still looks phenomenal. It's hanging high right by 52-week highs right now. And of course, the name that I own that I think is the dominant player in the space for years to come.' An employee standing in front of a large data center, looking toward the future of cloud security. Artisan Mid Cap Fund made the following comment about Zscaler, Inc. (NASDAQ:ZS) in its Q3 2023 investor letter: 'Notable trims in the quarter included Zscaler, Inc. (NASDAQ:ZS), BioNTech and Ingersoll Rand. Zscaler provides cloud-based Internet security solutions. In the quarter, it announced solid financial results including 43% revenue growth and 38% growth in billings, which were both ahead of expectations. We believe the dual trends of rising security vulnerability and increased enterprise digitization will lead to sustained demand, even in a recession. Cybersecurity remains a top concern for businesses and governments as cyberattacks can have devastating financial and reputational consequences. Meanwhile, managing the security needs of legacy on-premise applications, a growing number of cloud-based applications (e.g., Office 365 and Salesforce) and more remote workers than before the pandemic make operating IT infrastructures increasingly complex. The stock has been a top performer this year, and we decided to trim the position based on valuation considerations.' READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
06-05-2025
- Business
- Yahoo
Here's Why Artisan Mid Cap Fund Decided to Exit Illumina (ILMN)
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 Illumina, Inc. (NASDAQ:ILMN). Illumina, Inc. (NASDAQ:ILMN) is a leading supplier of sequencing- and array-based solutions for genetic and genomic analysis. The one-month return of Illumina, Inc. (NASDAQ:ILMN) was 11.19%, and its shares lost 28.70% of their value over the last 52 weeks. On May 5, 2025, Illumina, Inc. (NASDAQ:ILMN) stock closed at $78.17 per share with a market capitalization of $12.371 billion. Artisan Mid Cap Fund stated the following regarding Illumina, Inc. (NASDAQ:ILMN) in its Q1 2025 investor letter: "We ended our investment campaigns inIllumina, Inc. (NASDAQ:ILMN), Best Buy and Datadog during the quarter. Illumina is a leading provider of next generation sequencing instruments for genetic testing. Genome sequencing has become more mainstream as costs have fallen, expanding within academic research and into high-value clinical diagnostic testing applications. However, rising concerns about funding cuts to the National Institute of Health and news that China will restrict Illumina's business have overwhelmed the longer term thesis, leading us to exit the position." Illumina, Inc. (ILMN): Among Recent Activist Investor Campaigns A research facility with medical professionals surrounded by diagnostic equipment. Illumina, Inc. (NASDAQ:ILMN) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 61 hedge fund portfolios held Illumina, Inc. (NASDAQ:ILMN) at the end of the fourth quarter compared to 54 in the third quarter. Illumina, Inc.'s (NASDAQ:ILMN) fourth-quarter revenue reached $1.1 billion, surpassing expectations. While we acknowledge the potential of Illumina, Inc. (NASDAQ:ILMN) 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.
Yahoo
06-05-2025
- Business
- Yahoo
Will CCC Intelligent Solutions Holdings (CCCS) Benefit from growth in the Used Car Market?
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 CCC Intelligent Solutions Holdings Inc. (NASDAQ:CCCS). CCC Intelligent Solutions Holdings Inc. (NASDAQ:CCCS) is a software-as-a-service provider for the P&C insurance economy. The one-month return of CCC Intelligent Solutions Holdings Inc. (NASDAQ:CCCS) was 1.88%, and its shares lost 15.69% of their value over the last 52 weeks. On May 5, 2025, CCC Intelligent Solutions Holdings Inc. (NASDAQ:CCCS) stock closed at $9.19 per share with a market capitalization of $6.056 billion. Artisan Mid Cap Fund stated the following regarding CCC Intelligent Solutions Holdings Inc. (NASDAQ:CCCS) in its Q1 2025 investor letter: "Notable adds in the quarter included DoorDash, CCC Intelligent Solutions Holdings Inc. (NASDAQ:CCCS) and Bright Horizons. CCC Intelligent Solutions is the largest software provider for accident claims processing by US insurance companies and for the US auto repair facilities market. The company's scale and longevity (founded in 1980) give it knowledge advantages in areas such as expected repair costs, parts availability and repair workflows. We believe the company will drive growth by continuing to cross-sell and up-sell to its legacy customer base, expand its market share and use AI to leverage its vast amounts of industry data in order to help customers realize productivity gains. Similar to AutoZone, we believe the used car market, and related maintenance activity, should experience resilient growth in an environment where new car prices are likely to rise due to tariffs. We added to our position." Is CCC Intelligent Solutions Holdings Inc. (CCCS) the Best Cloud Computing Stock to Buy Under $10? A data analyst with a headset, looking intently at the information unfolding on her screen.
Yahoo
06-05-2025
- Business
- Yahoo
Artisan Mid Cap Fund Sold Datadog (DDOG) Despite Strong Profit Growth
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 Datadog, Inc. (NASDAQ:DDOG). Datadog, Inc. (NASDAQ:DDOG) is an observability and security platform for cloud applications. The one-month return of Datadog, Inc. (NASDAQ:DDOG) was 21.49%, and its shares lost 5.96% of their value over the last 52 weeks. On May 05, 2025, Datadog, Inc. (NASDAQ:DDOG) stock closed at $105.70 per share with a market capitalization of $36.502 billion. Artisan Mid Cap Fund stated the following regarding Datadog, Inc. (NASDAQ:DDOG) in its Q1 2025 investor letter: "We ended our investment campaigns in Illumina, Best Buy and Datadog, Inc. (NASDAQ:DDOG) during the quarter. Datadog is a leading provider of monitoring tools and analytics for cloud-based applications. As businesses across the economy undergo digital transformations, their need to monitor and optimize the performance of cloud computing infrastructure becomes increasingly critical. We believe Datadog's low-cost customer acquisition model and impressive pace of new product development position it well for years of strong profit growth. However, after a strong rally in shares, we exited the position due to our valuation discipline." Is Datadog, Inc. (DDOG) the Best Growth Stock to Buy According to Billionaires? A close-up of a laptop with a software engineer coding on the monitor. Datadog, Inc. (NASDAQ:DDOG) is in not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 83 hedge fund portfolios held Datadog, Inc. (NASDAQ:DDOG) at the end of the fourth quarter which was 71 in the previous quarter. While we acknowledge the potential of Datadog, Inc. (NASDAQ:DDOG) 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.
Yahoo
06-05-2025
- Business
- Yahoo
What Are the Contributing Risks to Best Buy Co.'s (BBY) Supply Chain?
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 Best Buy Co., Inc. (NYSE:BBY). Best Buy Co., Inc. (NYSE:BBY) is a specialty retail company that engages in the consumer technology products and services. The one-month return of Best Buy Co., Inc. (NYSE:BBY) was 10.50%, and its shares lost 9.06% of their value over the last 52 weeks. On May 5, 2025, Best Buy Co., Inc. (NYSE:BBY) stock closed at $67.66 per share with a market capitalization of $14.323 billion. Artisan Mid Cap Fund stated the following regarding Best Buy Co., Inc. (NYSE:BBY) in its Q1 2025 investor letter: "We ended our investment campaigns in Illumina, Best Buy Co., Inc. (NYSE:BBY) and Datadog during the quarter. Best Buy is the largest US consumer electronics retailer, with more than 1,000 stores. Our thesis was driven by the company's most important segment (computing and mobile) returning to growth, catalyzed by a long-awaited product replacement cycle, especially as consumers upgrade to offerings with embedded AI functionality. While we saw some recent this playing out, escalating tariff policies create meaningful risk to the company's supply chain. We exited the position." Jim Cramer Once Backed Best Buy (BBY) - Here's Why His Trust Later Sold the Stock A busy retail store showcasing a wide range of consumer electronics. Best Buy Co., Inc. (NYSE:BBY) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 38 hedge fund portfolios held Best Buy Co., Inc. (NYSE:BBY) at the end of the fourth quarter compared to 37 in the third quarter. While we acknowledge the potential of Best Buy Co., Inc. (NYSE:BBY) 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.
