Published on 12 Apr 2024 on Insider Monkey via Yahoo Finance

Artisan Mid Cap Fund Sold BJ’s Wholesale Club Holdings (BJ) for Higher Conviction Opportunities

Artisan Partners, an investment management company, released its “Artisan Mid Cap Fund” first quarter 2024 investor letter. A copy of the same can be downloaded here. In the first quarter, the fund’s Investor Class fund ARTMX returned 10.41%, Advisor Class fund APDMX posted a return of 10.40%, and Institutional Class fund APHMX returned 10.44%, compared to a 9.50% return for the Russell Midcap Growth Index. Balanced security selection across health care, industrials, consumer staples, consumer discretionary, and communication services led the portfolio to outperform the index in the quarter. In addition, please check the fund’s top five holdings to know its best picks in 2024.

Artisan Mid Cap Fund featured stocks like BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) in the first quarter 2024 investor letter. Headquartered in Marlborough, Massachusetts, BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) operates warehouse clubs. On April 11, 2024, BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) stock closed at $78.44 per share. One-month return of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) was 5.27%, and its shares gained 7.22% of their value over the last 52 weeks. BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) has a market capitalization of $10.527 billion.