Artisan Select Equity Fund Sold Its Holdings in Alibaba Group Holding Limited (BABA). Here’s Why

Artisan Partners, an investment management company, released its “Artisan Select Equity Fund” first-quarter 2025 investor letter. A copy of the letter can be downloaded here. The US market was one of the world’s worst-performing markets in Q1. Against this backdrop, the fund’s Investor Class ARTNX, Advisor Class APDNX, and Institutional Class APHNX returned 5.79%, 5.85%, and 5.82%, respectively, in the first quarter, compared to a -4.27% return for the S&P 500 Index. In addition, you can check the top 5 holdings of the strategy to know its best picks in 2025.

In its first-quarter...