Baker Hughes (BKR) Slid Due to Macro Economic Uncertainty

Artisan Partners, an investment management company, released its “Artisan Mid Cap Fund” second-quarter 2025 investor letter. A copy of the letter can be downloaded here. In the second quarter, the fund’s Investor Class fund ARTMX returned 14.40%, Advisor Class fund APDMX posted a return of 14.45%, and Institutional Class fund APHMX returned 14.50%, compared to a 18.20% return for the Russell Midcap Growth Index. Global markets experienced a significant but volatile Q2, rotating from double-digit declines to double-digit gains. In addition, please check the fund’s top five holdings to know its best picks in 2025.

In its second-quarter 2025 investor letter, Artisan Mid Cap Fund highlighted stocks such as Baker Hughes Company (NASDAQ:BKR. Baker Hughes Company (NASDAQ:BKR) offers technologies and services to the energy and industrial value chain globally. The one-month return of Baker Hughes Company (NASDAQ:BKR) was 10.42%, and its shares gained 23.38% of their value over the last 52 weeks. On August 7, 2025, Baker Hughes Company (NASDAQ:BKR) stock closed at $43.43 per share, with a market capitalization of $42.817 billion.

Artisan Mid Cap Fund stated the following regarding Baker Hughes Company (NASDAQ:BKR) in its second quarter 2025 investor letter:

“Among our top detractors were Baker Hughes Company (NASDAQ:BKR), Argenx and Atlassian. Baker Hughes is a leading oil and gas equipment and services provider. While a majority of its revenue comes from oilfield services and equipment, we believe its industrial and energy technology segment is well positioned for profitable growth from increasing demand for US liquid natural gas (LNG) from Europe and the Middle East, as well as gas infrastructure investments to meet growing electricity demand. The potential end of the US moratorium on LNG export permits under the Trump administration could provide further tailwinds for the segment. During the period, however, shares dipped after the latest earnings report showed macro uncertainty weighed on oilfield services. We were encouraged by the ongoing strength of the LNG business, which remains central to our thesis, and used the share price weakness to add modestly to our position.”

Baker Hughes Company (BKR): Among Louis Navellier’s New Stock Picks

A drilling rig on a remote oilfield, its tower silhouetted against a setting sunset.

Baker Hughes Company (NASDAQ:BKR) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 50 hedge fund portfolios held Baker Hughes Company (NASDAQ:BKR) at the end of the first quarter, which was 58 in the previous quarter. In the second quarter of 2025, Baker Hughes Company’s (NASDAQ:BKR) adjusted EBITDA rose 7% year-over-year to $1.21 billion despite decreasing revenue. While we acknowledge the risk and potential of Baker Hughes Company (NASDAQ:BKR) 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 Baker Hughes Company (NASDAQ:BKR) and that has 10,000% upside potential, check out our report about this cheapest AI stock.

In another article, we covered Baker Hughes Company (NASDAQ:BKR) and shared the list of best performing energy stocks to buy. Artisan Mid Cap Fund established a position in Baker Hughes Company (NASDAQ: BKR) during the previous quarter. In addition, please check out our hedge fund investor letters Q2 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.