Artisan Partners Small Cap Fund’s Q2 2024 Investor Letter

Artisan Partners, an investment management company, released its “Artisan Small Cap Fund” second quarter 2024 investor letter. In Q2, data indicated strong US economic activity and a robust labor market, while inflation gradually moved closer to the Fed’s 2% target. In the second quarter, its Investor Class fund ARTSX returned -4.45%, Advisor Class fund APDSX posted a return of -4.40%, and Institutional Class fund APHSX returned -4.38%, compared to a return of -2.92% for the Russell 2000 Growth Index. From a sector standpoint, the underperformance was due to negative security selection, while the impact of allocation was slightly positive. In addition, you can check the fund’s top 5 holdings to find out its best picks for 2024.

A copy of Artisan Partners Small Cap Fund’s Q2 2024 investor letter can be downloaded here.