Artisan Partners Mid Cap Value Fund’s Q1 2024 Investor Letter

Artisan Partners, an investment management company, released its “Artisan Mid Cap Value Fund” first quarter 2024 investor letter. In the first quarter, its Investor Class fund ARTQX returned 5.61%, Advisor Class fund APDQX posted a return of 5.65%, and Institutional Class fund APHQX returned 5.71%, compared to an 8.23% return for the Russell Midcap Value Index. Divergent sector positioning, including above-benchmark concentration in communication services and lower exposure in industrials, was a major contributing factor to the underperformance. Holdings in information technology, real estate, and consumer staples contributed to the strategy’s performance in the quarter. In addition, please check the fund’s top five holdings to know its best picks in 2024.

A copy of Artisan Partners Mid Cap Value Fund’s Q1 2024 investor letter can be downloaded here.