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Russian (RU) Soumya Eswaran
Tue, May 6, 2025, 5:45 AM 3 min read
Artisan Partners, an investment management company, released its “Artisan Mid Cap Fund” first quarter 2025 investor letter. A copy of the letter can be downloaded here. In the first quarter, the fund’s Investor Class fund ARTMX returned -7.40%, Advisor Class fund APDMX posted a return of -7.37%, and Institutional Class fund APHMX returned -7.35%, compared to a -7.12% return for the Russell Midcap Growth Index. US equities achieved solid Q4 gains, concluding a strong year. After a period of strong growth stock performance in 2023 and 2024, value stocks gained the lead in Q1 2025. In a risk-averse environment, investors shifted towards lower-volatility equities, especially in the utilities and consumer staples sectors, alongside those with higher dividend yields. In addition, please check the fund’s top five holdings to know its best picks in 2025.
In its first-quarter 2025 investor letter, Artisan Mid Cap Fund highlighted stocks such as CCC Intelligent Solutions Holdings Inc. (NASDAQ:CCCS). CCC Intelligent Solutions Holdings Inc. (NASDAQ:CCCS) is a software-as-a-service provider for the P&C insurance economy. The one-month return of CCC Intelligent Solutions Holdings Inc. (NASDAQ:CCCS) was 1.88%, and its shares lost 15.69% of their value over the last 52 weeks. On May 5, 2025, CCC Intelligent Solutions Holdings Inc. (NASDAQ:CCCS) stock closed at $9.19 per share with a market capitalization of $6.056 billion.
Artisan Mid Cap Fund stated the following regarding CCC Intelligent Solutions Holdings Inc. (NASDAQ:CCCS) in its Q1 2025 investor letter:
"Notable adds in the quarter included DoorDash, CCC Intelligent Solutions Holdings Inc. (NASDAQ:CCCS) and Bright Horizons. CCC Intelligent Solutions is the largest software provider for accident claims processing by US insurance companies and for the US auto repair facilities market. The company’s scale and longevity (founded in 1980) give it knowledge advantages in areas such as expected repair costs, parts availability and repair workflows. We believe the company will drive growth by continuing to cross-sell and up-sell to its legacy customer base, expand its market share and use AI to leverage its vast amounts of industry data in order to help customers realize productivity gains. Similar to AutoZone, we believe the used car market, and related maintenance activity, should experience resilient growth in an environment where new car prices are likely to rise due to tariffs. We added to our position."
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