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 Envista Holdings Corporation (NYSE:NVST). Headquartered in Brea, California, Envista Holdings Corporation (NYSE:NVST) engages in the business of dental products. On September 27, 2022, Envista Holdings Corporation (NYSE:NVST) stock closed at $34.20 per share. One-month return of Envista Holdings Corporation (NYSE:NVST) was -7.79% and its shares lost 20.26% of their value over the last 52 weeks. Envista Holdings Corporation (NYSE:NVST) has a market capitalization of $5.588 billion.
Here is what Artisan Partners specifically said about Envista Holdings Corporation (NYSE:NVST) in its Q2 2022 investor letter:
“Envista Holdings Corporation (NYSE:NVST) is a dental company with strong global brands and customer relationships in implants and orthodontic consumables. The company spun out of Danaher in 2019, and since then management has repositioned it for faster and more profitable growth by divesting its capital equipment business and increasing its focus on specialty dental products. We are particularly interested in several new product cycles: the first of which is the Spark clear aligner, which is the second-largest brand behind Invisalign, in a market that continues to grow rapidly. The company also offers the N1 premium implant system, which reduces drilling noise and vibration and preserves more bone material; and the Carestream intra-oral scanner (through an acquisition expected to close later this year), which is a digital substitute for conventional impression trays. Furthermore, the company has a clean balance sheet with the ability to acquire additional high-growth products.”
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Envista Holdings Corporation (NYSE:NVST) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 28 hedge fund portfolios held Envista Holdings Corporation (NYSE:NVST) at the end of the second quarter which was 37 in the previous quarter.
We discussed Envista Holdings Corporation (NYSE:NVST) in another article and shared Oakmark Fund’s views on the company. 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.
