Here’s Why Parsons Corporation (PSN) Shares Dropped in Q4

Core Insights - Artisan Small Cap Fund aims to invest in companies with franchise characteristics, strong earnings trajectories, and trading at a discount to estimated private market value [1] - The Fund experienced strong absolute returns in Q4 2025, outperforming both the Russell 2000® Growth Index and the Russell 2000® Index, despite elevated volatility and shifting market sentiment [1] - For the full year 2025, the Fund generated strong results but underperformed relative to both indexes [1] Company Focus: Parsons Corporation - Parsons Corporation (NYSE:PSN) is highlighted as a technology-driven engineering company focusing on defense, intelligence, and infrastructure markets [2][3] - As of March 16, 2026, Parsons Corporation's stock closed at $52.60 per share, with a one-month return of -14.35% and a 52-week loss of 12.45% [2] - The company has a market capitalization of $5.629 billion [2] - In Q4 2025, Parsons Corporation was among the detractors for the Fund, primarily due to losing a $12.5 billion FAA air traffic control modernization contract, which interrupted its recovery from previous cost-cutting pressures [3] - Despite this setback, the Fund remains invested in Parsons, citing its long-standing relationship with the FAA and potential for capturing significant portions of future programs [3]