Artisan Companions, an funding administration firm, launched its fourth-quarter 2025 investor letter for “Artisan Mid Cap Fund”. A duplicate of the letter could be downloaded right here. The Fund seeks to put money into firms that possess franchise traits, with robust earnings trajectories, and are buying and selling at a reduction to the estimated non-public market worth. US equities ended a file 12 months with strong fourth-quarter features. The Fund’s Investor Class, ARTMX, delivered -0.44%, the Advisor Class, APDMX, delivered -0.37%, and the Institutional Class, APHMX, delivered -0.35% within the fourth quarter in comparison with -3.70% for the Russell Midcap® Progress Index. Continued power in info expertise (IT) and well being care contributed to the efficiency in the course of the quarter. Please evaluate the Fund’s prime 5 holdings to achieve insights into their key alternatives for 2025.
In its fourth-quarter 2025 investor letter, Artisan Mid Cap Fund highlighted shares like Spotify Know-how S.A. (NYSE:SPOT). Spotify Know-how S.A. (NYSE:SPOT) is a number one audio streaming subscription service supplier monetizing via paid premium subscriptions and an ad-supported mannequin. On February 20, 2026, Spotify Know-how S.A. (NYSE:SPOT) inventory closed at $490.60 per share. One-month return of Spotify Know-how S.A. (NYSE:SPOT) was -6.79%, and its shares have misplaced 20.58% over the previous twelve months. Spotify Know-how S.A. (NYSE:SPOT) has a market capitalization of $98.073 billion.
Artisan Mid Cap Fund said the next concerning Spotify Know-how S.A. (NYSE:SPOT) in its fourth quarter 2025 investor letter:
“Our largest detractors in This autumn had been ROBLOX, Veeva and Spotify Know-how S.A. (NYSE:SPOT). Spotify is a number one audio streaming platform that we consider is effectively positioned to more and more monetize its dominant share in international music distribution and discovery via pricing, promoting and tiered premium subscriptions, with the upcoming super-premium tier serving as a significant catalyst. Strategic investments in podcasts, audiobooks and video diversify the enterprise past music, the place main labels management content material. Whereas shares declined in the course of the quarter amid continued near-term promoting weak point, the corporate delivered a powerful quarter with beats on customers, income and margins, supported by enhancing engagement with video podcasts and ongoing monetization progress.”
Spotify Know-how S.A. (NYSE:SPOT) is within the twenty fifth place on our listing of 30 Most Widespread Shares Amongst Hedge Funds. In keeping with our database, 120 hedge fund portfolios held Spotify Know-how S.A. (NYSE:SPOT) on the finish of the fourth quarter, up from 116 within the earlier quarter. Whereas we acknowledge the potential of Spotify Know-how S.A. (NYSE:SPOT) as an funding, we consider sure AI shares provide better upside potential and carry much less draw back danger. For those who’re searching for a particularly undervalued AI inventory that additionally stands to profit considerably from Trump-era tariffs and the onshoring development, see our free report on the greatest short-term AI inventory.