Artisan Partners’ Artisan Mid Cap Fund Investor Letter Highlights Top Performers and Key Insights for Q1 2024

Artisan Partners, an investment management company, recently released its first quarter 2024 investor letter for the Artisan Mid Cap Fund, showcasing impressive returns compared to the Russell Midcap Growth Index. The fund’s balanced security selection across various sectors led to its outperformance in the quarter.

One of the highlighted stocks in the investor letter was BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ), a warehouse club operator based in Marlborough, Massachusetts. The stock showed strong performance with a one-month return of 5.27% and a 52-week gain of 7.22%. Despite positive membership growth, the fund decided to exit its position in BJ’s Wholesale Club Holdings, Inc. in favor of higher conviction opportunities.

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) is not among the 30 Most Popular Stocks Among Hedge Funds, but it was held by 27 hedge fund portfolios at the end of the fourth quarter. The decision to sell BJ’s Wholesale Club Holdings, Inc. was based on the fund’s assessment of the company’s financial results and growth prospects.

Investors interested in learning more about BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) can access the full investor letter from Artisan Mid Cap Fund for insights into the fund’s investment strategy and decision-making process. Additionally, the fund’s top five holdings for 2024 can provide valuable information on its best picks for the year.

Overall, Artisan Partners’ decision to sell BJ’s Wholesale Club Holdings, Inc. reflects its commitment to seeking out the most promising investment opportunities for its clients. The fund’s performance in the first quarter and its strategic approach to portfolio management continue to position it as a leader in the investment management industry.