Artisan Mid Cap Fund Ended its Investment Campaign in Chipotle Mexican Grill (CMG)

Artisan Partners, an investment management company, released its “Artisan Mid Cap Fund” second-quarter 2025 investor letter. A copy of the letter can be downloaded here. In the second quarter, the fund’s Investor Class fund ARTMX returned 14.40%, Advisor Class fund APDMX posted a return of 14.45%, and Institutional Class fund APHMX returned 14.50%, compared to a 18.20% return for the Russell Midcap Growth Index. Global markets experienced a significant but volatile Q2, rotating from double-digit declines to double-digit gains. In addition, please check the fund’s top five holdings to know its best picks in 2025.

In its second-quarter 2025 investor letter, Artisan Mid Cap Fund highlighted stocks such as Chipotle Mexican Grill, Inc. (NYSE:CMG). Chipotle Mexican Grill, Inc. (NYSE:CMG) owns and operates Chipotle Mexican Grill restaurants. The one-month return of Chipotle Mexican Grill, Inc. (NYSE:CMG) was -24.32%, and its shares lost 21.41% of their value over the last 52 weeks. On August 7, 2025, Chipotle Mexican Grill, Inc. (NYSE:CMG) stock closed at $42.69 per share, with a market capitalization of $57.242 billion.

Artisan Mid Cap Fund stated the following regarding Chipotle Mexican Grill, Inc. (NYSE:CMG) in its second quarter 2025 investor letter:

“We ended our investment campaign in Chipotle Mexican Grill, Inc. (NYSE:CMG), Saia and Dick’s Sporting Goods during the quarter. Chipotle operates a system of fast casual restaurants. Chipotle’s combination of superior quality and speed of service has created a strong brand affinity. Furthermore, increased accessibility and convenience have been a strategic priority, leading it to add secondary “make lines” that enable each store to meet increased demand from third-party delivery services and the company’s own digital pickup lanes. After a successful, multiyear investment campaign, we harvested our final shares.”

Jim Cramer on Chipotle Mexican Grill (CMG): “I Think Chipotle's Making a Comeback”

A chef plating up a wide variety of dishes for a restaurant chain.

Chipotle Mexican Grill, Inc. (NYSE:CMG) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 78 hedge fund portfolios held Chipotle Mexican Grill, Inc. (NYSE:CMG) at the end of the first quarter, which was 83 in the previous quarter. Chipotle Mexican Grill, Inc.’s (NYSE:CMG) sales for the second quarter of 2025 grew 3% to reach $3.1 billion. While we acknowledge the risk and potential of Chipotle Mexican Grill, Inc. (NYSE:CMG) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than Chipotle Mexican Grill, Inc. (NYSE:CMG) and that has 10,000% upside potential, check out our report about this cheapest AI stock.

In another article, we covered Chipotle Mexican Grill, Inc. (NYSE:CMG) and shared the list of stocks Jim Cramer recently discussed. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.