Artisan Mid Cap Fund Sold Its Stake in LPL Financial Holdings (LPLA) in Q3

Artisan Partners, an investment management company, released its “Artisan Mid Cap Fund” third-quarter 2025 investor letter. A copy of the letter can be downloaded here. Global equity markets continued their strength in the third quarter, ending the period with double-digit year-to-date gains. In the quarter, the fund’s Investor Class fund ARTMX returned 8.80%, Advisor Class fund APDMX posted a return of 8.80%, and Institutional Class fund APHMX returned 8.83%, compared to a 2.78% return for the Russell Midcap Growth Index. The significant outperformance was led by holdings in the health care sector. In addition, please check the fund’s top five holdings to know its best picks in 2025.

In its third-quarter 2025 investor letter, Artisan Mid Cap Fund highlighted stocks such as LPL Financial Holdings Inc. (NASDAQ:LPLA). Based in San Diego, California, LPL Financial Holdings Inc. (NASDAQ:LPLA) offers an integrated platform of brokerage and investment advisory services. The one-month return of LPL Financial Holdings Inc. (NASDAQ:LPLA) was -2.98%, and its shares gained 25.56% of their value over the last 52 weeks. On October 15, 2025, LPL Financial Holdings Inc. (NASDAQ:LPLA) stock closed at $329.25 per share, with a market capitalization of $26.341 billion.

Artisan Mid Cap Fund stated the following regarding LPL Financial Holdings Inc. (NASDAQ:LPLA) in its third quarter 2025 investor letter:

“LPL Financial Holdings Inc. (NASDAQ:LPLA) is the largest independent broker-dealer in the US, serving over 23,000 financial advisors through a comprehensive platform that includes research, technology, compliance and operational support. As advisors continue to shift from traditional wire houses to the independent channel, we believe LPL is well positioned to gain market share. While we remain constructive on the company’s long-term growth prospects, recent softness in net new asset growth, declining cash balances and earnings pressure from lower interest rates have impacted near-term performance.”

LPL Financial Holdings Inc. (NASDAQ:LPLA) is not on our list of 30 Most Popular Stocks Among Hedge Funds. According to our database, 61 hedge fund portfolios held LPL Financial Holdings Inc. (NASDAQ:LPLA) at the end of the second quarter, up from 63 in the previous quarter.  While we acknowledge the risk and potential of LPL Financial Holdings Inc. (NASDAQ:LPLA) 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 LPL Financial Holdings Inc. (NASDAQ:LPLA) and that has 10,000% upside potential, check out our report about this cheapest AI stock.

In another article, we covered LPL Financial Holdings Inc. (NASDAQ:LPLA) and shared billionaire Dan Loeb’s stocks with huge upside potential. In addition, please check out our hedge fund investor letters Q3 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.