Group 1: Artisan Mid Cap Fund Performance - Artisan Mid Cap Fund's Investor Class fund ARTMX returned 8.80%, Advisor Class fund APDMX also posted a return of 8.80%, and Institutional Class fund APHMX returned 8.83% in Q3 2025, significantly outperforming the Russell Midcap Growth Index which returned 2.78% [1] - The strong performance was primarily driven by holdings in the health care sector [1] Group 2: ServiceTitan, Inc. Overview - ServiceTitan, Inc. (NASDAQ:TTAN) provides a cloud-based software platform for managing business workflows in the trades sector, which has been historically underserved by technology [3] - The stock of ServiceTitan, Inc. had a one-month return of 14.90% and a year-to-date gain of 5.70%, closing at $97.01 per share with a market capitalization of $9.017 billion on October 14, 2025 [2] - In Q2 2025, ServiceTitan reported total revenue of $242.1 million, reflecting a 25% year-over-year increase [4] Group 3: Investment Strategy and Market Position - Artisan Mid Cap Fund initiated new positions in ServiceTitan, Woodward, and Teledyne Technologies during the quarter, viewing ServiceTitan as a leading vertical software provider with multiple growth opportunities [3] - Despite recognizing ServiceTitan's potential, the company believes that certain AI stocks may offer greater upside potential and less downside risk [4] - At the end of Q2 2025, ServiceTitan was held by 51 hedge fund portfolios, an increase from 25 in the previous quarter [4]
Artisan Mid Cap Fund Acquired ServiceTitan (TTAN) Amid Multiple Growth Opportunities