Published on 16 Oct 2024 on Insider Monkey · via Yahoo Finance

Celsius Holdings (CELH) Failed to Meet Artisan Mid Cap Fund’s Thesis in Q3

Artisan Partners, an investment management company, released its “Artisan Mid Cap Fund” third quarter 2024 investor letter. A copy of the letter can be downloaded here. In the third quarter, the fund’s Investor Class fund ARTMX returned 2.35%, Advisor Class fund APDMX posted a return of 2.38%, and Institutional Class fund APHMX returned 2.40%, compared to a 6.54% return for the Russell Midcap Growth Index. Negative security selection within health care, information technology, and industrials led to the fund’s underperformance in the quarter. In addition, please check the fund’s top five holdings to know its best picks in 2024.

Artisan Mid Cap Fund highlighted stocks like Celsius Holdings, Inc. (NASDAQ:CELH), in the third quarter 2024 investor letter. Celsius Holdings, Inc. (NASDAQ:CELH) is a functional drink and liquid supplements manufacturer and distributor. The one-month return of Celsius Holdings, Inc. (NASDAQ:CELH) was -0.35%, and its shares lost 40.44% of their value over the last 52 weeks.  On October 14, 2024, Celsius Holdings, Inc. (NASDAQ:CELH) stock closed at $34.16 per share with a market capitalization of $7.962 billion.