Published on 11 Mar 2024 on Insider Monkey via Yahoo Finance
Artisan Partners, an investment management company, released its “Artisan Small Cap Fund” fourth quarter 2023 investor letter. A copy of the same can be downloaded here. The portfolio had a positive absolute return in Q4 but underperformed the Russell 2000 Growth Index due to security selection, particularly in the healthcare and information technology sectors. In the fourth quarter, its Investor Class fund ARTSX returned 9.18%, Advisor Class fund APDSX posted a return of 9.26%, and Institutional Class fund APHSX returned 9.28%, compared to a return of 12.75% for the Russell 2000 Growth Index. In addition, please check the fund’s top five holdings to know its best picks in 2023.
Artisan Small Cap Fund featured stocks like IPG Photonics Corporation (NASDAQ:IPGP) in the fourth quarter 2023 investor letter. Headquartered in Marlborough, Massachusetts, IPG Photonics Corporation (NASDAQ:IPGP) develops and distributes fiber lasers, laser systems, fiber amplifiers, and related optical components. On March 8, 2024, IPG Photonics Corporation (NASDAQ:IPGP) stock closed at $90.24 per share. One-month return of IPG Photonics Corporation (NASDAQ:IPGP) was -12.92%, and its shares lost 22.71% of their value over the last 52 weeks. IPG Photonics Corporation (NASDAQ:IPGP) has a market capitalization of $4.16 billion.
Artisan Small Cap Fund stated the following regarding IPG Photonics Corporation (NASDAQ:IPGP) in its fourth quarter 2023 investor letter: