Artisan Partners, an investment management company, released its “Artisan Small Cap Fund” second quarter 2022 investor letter. A copy of the same can be downloaded here. In the second quarter, its Investor Class fund ARTSX returned -21.52%, Advisor Class fund APDSX posted a return of -21.48%, and Institutional Class fund APHSX returned -21.47%, compared to a return of -19.25% for the Russell 2000 Growth Index. In addition, please check the fund’s top five holdings to know its best picks in 2022.
In the second quarter 2022 investor letter, Artisan Partners discussed stocks like Monolithic Power Systems, Inc. (NASDAQ:MPWR). Headquartered in Kirkland, Washington, Monolithic Power Systems, Inc. (NASDAQ:MPWR) provides semi-conductor based power electronics solutions. On September 27, 2022, Monolithic Power Systems, Inc. (NASDAQ:MPWR) stock closed at $372.66 per share. One-month return of Monolithic Power Systems, Inc. (NASDAQ:MPWR) was -17.77% and its shares lost 23.10% of their value over the last 52 weeks. Monolithic Power Systems, Inc. (NASDAQ:MPWR) has a market capitalization of $17.436 billion.
Here is what Artisan Partners specifically said about Monolithic Power Systems, Inc. (NASDAQ:MPWR) in its Q2 2022 investor letter:
“Monolithic Power Systems, Inc. (NASDAQ:MPWR) designs analog power-management chips for a wide variety of industrial and consumer devices. The paths of the company’s profit cycle and share price have diverged this year. Investors have rotated out of high-growth stocks with elevated multiples, raised concerns about the company potentially facing headwinds from China COVID-19 lockdowns and a potential recession. Meanwhile, the company’s recent quarterly results and outlook helped dispel some of these fears. Monolithic reported 48% revenue growth and issued guidance for the following quarter well ahead of expectations. There are COVID-related impacts in China, but we are monitoring them closely, and we believe the company can continue to navigate them over modest durations. Based on its unique ability to offer highly integrated solutions and solve complex power management issues across multiple end-applications, we believe the company is well-positioned to continue to drive its ongoing profit cycle in the periods ahead.”
Monolithic Power Systems, Inc. (NASDAQ:MPWR) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 36 hedge fund portfolios held Monolithic Power Systems, Inc. (NASDAQ:MPWR) at the end of the second quarter which was 29 in the previous quarter.
We discussed Monolithic Power Systems, Inc. (NASDAQ:MPWR) in another article and shared the list of best performing S&P 500 stocks in the last 10 years. In addition, please check out our hedge fund investor letters Q2 2022 page for more investor letters from hedge funds and other leading investors.
Disclosure: None. This article is originally published at Insider Monkey.
