Published on 28 Mar 2024 on Insider Monkey via Yahoo Finance

Here’s Why Artisan Mid Cap Value Fund Sold The Liberty SiriusXM Group (LSXMK)

Artisan Partners, an investment management company, released its “Artisan Mid Cap Value Fund” fourth quarter 2023 investor letter. A copy of the same can be downloaded here. In the fourth quarter, its Investor Class fund ARTQX returned 11.21%, Advisor Class fund APDQX posted a return of 11.20%, and Institutional Class fund APHQX returned 11.17%, compared to a 12.11% return for the Russell Midcap Value Index. For the full year, ARTQX, APDQX, and APHQX returned 18.15%, 18.25%, and 18.35%, respectively, compared to 12.71% for the index. The portfolio did well in the market with double-digit gains but trailed the Russell Midcap Value Index in Q4. However, it outperformed in the prior three quarters, leading to strong results compared to the index and peer group for 2023. In addition, please check the fund’s top five holdings to know its best picks in 2023.

Artisan Mid Cap Value Fund featured stocks like The Liberty SiriusXM Group (NASDAQ:LSXMK) in the fourth quarter 2023 investor letter. Headquartered in Englewood, Colorado, The Liberty SiriusXM Group (NASDAQ:LSXMK) engages in the entertainment business.  On March 27, 2024, The Liberty SiriusXM Group (NASDAQ:LSXMK) stock closed at $29.52 per share. One-month return of The Liberty SiriusXM Group (NASDAQ:LSXMK) was 1.41%, and YTD its shares gained 2.57% of their value. The Liberty SiriusXM Group (NASDAQ:LSXMK) has a market capitalization of $9.634 billion.

Artisan Mid Cap Value Fund stated the following regarding The Liberty SiriusXM Group (NASDAQ:LSXMK) in its fourth quarter 2023 investor letter: