Artisan Partners, an investment management company, released its first-quarter 2026 investor letter for the “Artisan Mid Cap Fund”. A copy of the letter is available to download here. In Q1 2026, the Artisan Mid Cap Fund reported negative absolute returns but slightly outperformed the Russell Midcap® Growth Index. The market favored lower volatility and income-oriented equities, with value outpacing growth significantly. Despite challenges for growth strategies, selective stock choices in sectors like industrials and healthcare provided strength, while consumer discretionary faced weaknesses. Mid- and small-cap indices showed resilience amid lagging large-cap growth stocks. The escalating conflict in Iran influenced market behavior, and AI-related investments continued to support capital spending and earnings. In addition, please check the Fund’s top five holdings to know its best picks in 2026.
In its first-quarter 2026 investor letter, Artisan Mid Cap Fund highlighted CCC Intelligent Solutions Holdings Inc. (NASDAQ:CCC). CCC Intelligent Solutions Holdings Inc. (NASDAQ:CCC) is a software company that provides a software-as-a-service (SaaS) platform for the property and casualty insurance industry. On May 8, 2026, CCC Intelligent Solutions Holdings Inc. (NASDAQ:CCC) closed at $5.13 per share. One-month return of CCC Intelligent Solutions Holdings Inc. (NASDAQ:CCC) was -1.16%, and its shares lost 43.56% over the past 52 weeks. CCC Intelligent Solutions Holdings Inc. (NASDAQ:CCC) has a market capitalization of $3.01 billion.
Artisan Mid Cap Fund stated the following regarding CCC Intelligent Solutions Holdings Inc. (NASDAQ:CCC) in its Q1 2026 investor letter:
“We ended our investment campaigns in Ares, CCC Intelligent Solutions Holdings Inc. (NASDAQ:CCC) and Parsons during the quarter. CCC Intelligent Solutions provides software for accident claims processing across US insurers and auto repair facilities. We exited the position because the profit cycle has not accelerated despite new product initiatives, and recent results have raised concerns about acquisition integration and implementation delays. While the franchise remains solid and valuation appears inexpensive, we reallocated capital to higher conviction software opportunities.”
CCC Intelligent Solutions Holdings Inc. (NASDAQ:CCC) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 32 hedge fund portfolios held CCC Intelligent Solutions Holdings Inc. (NASDAQ:CCC) at the end of the fourth quarter, the same as in the previous quarter. CCC Intelligent Solutions Holdings Inc.’s (NASDAQ:CCC) first quarter 2026 revenue climbed 12% year-over-year to $281 million, surpassing the high end of guidance. While we acknowledge the risk and potential of CCC Intelligent Solutions Holdings Inc. (NASDAQ:CCC) 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 CCC Intelligent Solutions Holdings Inc. (NASDAQ:CCC) and that has 10,000% upside potential, check out our report about this cheapest AI stock.
In another article, we covered CCC Intelligent Solutions Holdings Inc. (NASDAQ:CCC) and shared the list of best all-time low stocks to buy in 2026. In addition, please check out our hedge fund investor letters Q1 2026 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.
