Artisan Partners, an investment management company, released its “Artisan Global Discovery Fund” fourth quarter 2022 investor letter. A copy of the same can be downloaded here. In the fourth quarter, its Investor Class fund APFDX returned 6.71%, Advisor Class fund APDDX posted a return of 6.77 %, and Institutional Class fund APHDX returned 6.79%, compared to a return of 9.76% for the MSCI All Country World Index. In addition, please check the fund’s top five holdings to know its best picks in 2022.
Artisan Global Discovery Fund highlighted stocks like Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the Q4 2022 investor letter. Headquartered in Kirkland, Washington, Monolithic Power Systems, Inc. (NASDAQ:MPWR) engages in the business of semiconductor-based power electronics solutions. On February 17, 2023, Monolithic Power Systems, Inc. (NASDAQ:MPWR) stock closed at $502.09 per share. One-month return of Monolithic Power Systems, Inc. (NASDAQ:MPWR) was 17.17%, and its shares gained 9.78% of their value over the last 52 weeks. Monolithic Power Systems, Inc. (NASDAQ:MPWR) has a market capitalization of $23.652 billion.
Artisan Global Discovery Fund made the following comment about Monolithic Power Systems, Inc. (NASDAQ:MPWR) in its Q4 2022 investor letter:
“During the quarter, we began new GardenSM positions in Monolithic Power Systems, Inc. (NASDAQ:MPWR), Industrie De Nora and Saia. Monolithic Power Systems designs analog power-management chips for a wide variety of industrial and consumer devices. The company is executing well as its customers convert their analog, digital and power semiconductor chips into its single-chip design, which is energy efficient and priced lower than peers. While we acknowledge certain areas of the business may be a source of weakness in the near term (storage, computing and consumer), we believe much of that is now discounted. However, the enterprise and auto areas of the business are set up to be big growth drivers over the next couple years given the company’s differentiation in both segments, which is driving market share gains and pricing power. Based on its unique ability to offer highly integrated solutions and solve complex power management issues across multiple end-applications, we believe the profit cycle runway ahead is meaningful and initiated a GardenSM position.”
Monolithic Power Systems, Inc. (NASDAQ:MPWR) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 43 hedge fund portfolios held Monolithic Power Systems, Inc. (NASDAQ:MPWR) at the end of the third quarter which was 36 in the previous quarter.
We discussed Monolithic Power Systems, Inc. (NASDAQ:MPWR) in another article and shared Carillon Tower Advisers’ views on the company. In addition, please check out our hedge fund investor letters Q4 2022 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.
