Artisan Partners, an investment management company, released its “Artisan Small Cap Fund” fourth quarter 2024 investor letter. A copy of the letter can be downloaded here. US stocks concluded a strong year with strong gains in Q4. In Q4, the portfolio’s performance was flat and narrowly trailed the Russell 2000® Growth Index. In 2024, the portfolio produced a robust absolute return that was in line with the Russell 2000® Growth Index but outperformed the Russell 2000 Index. In the quarter, its Investor Class fund ARTSX returned 0.61%, Advisor Class fund APDSX posted a return of 0.66%, and Institutional Class fund APHSX returned 0.67%, compared to a return of 1.70% for the Russell 2000 Growth Index. In addition, you can check the fund’s top 5 holdings to find out its best picks for 2024.
Artisan Small Cap Fund highlighted stocks like SharkNinja, Inc. (NYSE:SN), in the fourth quarter 2024 investor letter. SharkNinja, Inc. (NYSE:SN) is a product design and technology company that provides cleaning, cooking, beverage, food preparation, and beauty appliances. The one-month return of SharkNinja, Inc. (NYSE:SN) was -21.43%, and its shares gained 55.06% of their value over the last 52 weeks. On March 10, 2025, SharkNinja, Inc. (NYSE:SN) stock closed at $86.65 per share with a market capitalization of $12.161 billion.
Artisan Small Cap Fund stated the following regarding SharkNinja, Inc. (NYSE:SN) in its Q4 2024 investor letter:
“Along with Astera Labs and Halozyme, a notable trim in the quarter was SharkNinja, Inc. (NYSE:SN). SharkNinja is a leading household consumer products company. Its Shark brand focuses on the cleaning category and, more recently, beauty. Its Ninja brand focuses on food preparation and cooking. We believe a healthy combination of market share gains within existing categories, new category entries and international expansion will drive growth. After outperforming meaningfully this year, we trimmed the position due to elevated valuation expectations and a more mature thesis.”
A technician calibrating and performing maintenance of a floor cleaning machine.
SharkNinja, Inc. (NYSE:SN) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 63 hedge fund portfolios held SharkNinja, Inc. (NYSE:SN) at the end of the fourth quarter compared to 56 in the third quarter. In the fourth quarter, SharkNinja, Inc. (NYSE:SN) generated $1.8 billion in net sales, up 30% year-over-year. While we acknowledge the potential of SharkNinja, Inc. (NYSE:SN) 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.
In another article, we discussed SharkNinja, Inc. (NYSE:SN) and shared the list of best home appliance stocks to buy according to analysts. SharkNinja, Inc. (NYSE:SN) was among three top contributors to Artisan Small Cap Fund during the previous quarter. In addition, please check out our hedge fund investor letters Q4 2024 page for more investor letters from hedge funds and other leading investors.
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Disclosure: None. This article is originally published at Insider Monkey.