Artisan Partners Global Discovery Fund’s Q1 2023 Investor Letter

Artisan Partners, an investment management company, released its “Artisan Global Discovery Fund” first quarter 2023 investor letter. A copy of the same can be downloaded here. In the first quarter, its Investor Class fund APFDX returned 11.52%, Advisor Class fund APDDX posted a return of 11.56%, and Institutional Class fund APHDX returned 11.64%, compared to a return of 7.31% for the MSCI All Country World Index. The fund’s performance in the quarter was attributed to security selection, significantly in the information technology and healthcare sectors. Several software, semiconductor, and biomanufacturing holdings rebounded in Q1 after a difficult Q4. Moreover, the portfolio also benefited from a lack of exposure to the energy sector, the index’s worst-performing sector for the quarter. In addition, please check the fund’s top five holdings to know its best picks in 2023.