Artisan Mid Cap Fund Sold DICK’S Sporting Goods (DKS) Due to an Acquisition Announcement

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 DICK’S Sporting Goods, Inc. (NYSE:DKS). DICK’S Sporting Goods, Inc. (NYSE:DKS) is an omni-channel sporting goods retailer. The one-month return of DICK’S Sporting Goods, Inc. (NYSE:DKS) was 1.03%, and its shares gained 8.10% of their value over the last 52 weeks. On August 7, 2025, DICK’S Sporting Goods, Inc. (NYSE:DKS) stock closed at $216.83 per share, with a market capitalization of $17.367 billion.

Artisan Mid Cap Fund stated the following regarding DICK’S Sporting Goods, Inc. (NYSE:DKS) in its second quarter 2025 investor letter:

“We ended our investment campaign in Chipotle, Saia and DICK’S Sporting Goods, Inc. (NYSE:DKS) during the quarter. Dick’s Sporting Goods is a sporting goods retailer. We think the company is well positioned to continue taking market share in the sporting goods marketplace driven by new store openings, a differentiated store concept and solid execution by its veteran management team. However, Dick’s disrupted our thesis in May by announcing its intention to acquire Foot Locker, which we view as a lower quality business that is losing market share.”

Jim Cramer Says Buy DICK’S Sporting Goods (DKS) Sporting Goods”

A customer in a specialty concept store wearing a full outfit of apparels and sports gear.

DICK’S Sporting Goods, Inc. (NYSE:DKS) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 44 hedge fund portfolios held DICK’S Sporting Goods, Inc. (NYSE:DKS) at the end of the first quarter, which was 45 in the previous quarter. In the first quarter, DICK’S Sporting Goods, Inc.’s (NYSE:DKS) consolidated sales increased 5.2% year-over-year to $3.17 billion. While we acknowledge the risk and potential of DICK’S Sporting Goods, Inc. (NYSE:DKS) 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 DICK’S Sporting Goods, Inc. (NYSE:DKS) and that has 10,000% upside potential, check out our report about this cheapest AI stock.

In another article, we covered DICK’S Sporting Goods, Inc. (NYSE:DKS) and shared the list of stocks Jim Cramer shared insights on. 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.