Artisan Partners, an investment management company, released its fourth-quarter 2025 investor letter for “Artisan Mid Cap Value Fund”. A copy of the letter can be downloaded here. The Fund seeks to invest in undervalued companies with solid financial health and compelling business economics. US equities continued to advance in the fourth quarter of 2025, despite volatility. At the start of the quarter, a government shutdown unsettled investors and delayed key economic data, raising questions about the Federal Reserve’s easing timeline. However, as the quarter progressed, risk appetite increased, and clarity around monetary policy improved, leading the Fed to implement rate cuts and end quantitative tightening. This suggests a continued easing of financial conditions into 2026. While AI remained a key focus, markets diversified in November, with value and non-AI stocks leading. This could indicate a shift in market leadership moving forward. Mid-cap stocks lagged large caps in Q4, particularly on the growth side, as the Russell Midcap® Growth Index declined 3.7% while mid-cap value posted a modest gain and outperformed the growth index for the quarter and full year. In the quarter, the fund’s Investor Class fund ARTQX returned 1.53%, Advisor Class fund APDQX posted a return of 1.54%, and Institutional Class fund APHQX returned 1.63%, compared to a 1.42% return for the Russell Midcap Value Index. Please review the Fund’s top five holdings to gain insights into their key selections for 2025.
In its fourth-quarter 2025 investor letter, Artisan Mid Cap Value Fund highlighted stocks like Pinterest, Inc. (NYSE:PINS). Pinterest, Inc. (NYSE:PINS) is a social media and visual discovery platform that enables users to find ideas, such as recipes, home, and style inspiration. On March 31, 2026, Pinterest, Inc. (NYSE:PINS) closed at $18.34 per share. One-month return of Pinterest, Inc. (NYSE:PINS) was -5.37%, and its shares lost 41.56% over the past 52 weeks. Pinterest, Inc. (NYSE:PINS) has a market capitalization of $12.199 billion.
Artisan Mid Cap Value Fund stated the following regarding Pinterest, Inc. (NYSE:PINS) in its fourth quarter 2025 investor letter:
“Portfolio returns in the technology and communication services sectors were hurt by Vontier, CDW and Pinterest, Inc. (NYSE:PINS). Recent results at Pinterest, a social media platform and visual discovery tool, have been largely in line with expectations as the company continues to grow its user base and engagement—even in mature markets such as the US and Canada. However, its latest outlook was soft due to near-term headwinds from tariffs that have been constraining spending in its consumer vertical. Relative to mega cap social media peers, Pinterest is less diversified and more exposed to sluggish consumer spending and tariff impacts. Another concern is the potential for AI-driven disintermediation. Yet Pinterest users thus far overwhelmingly prefer authentic, human-generated content, and the company recently introduced controls allowing users to filter out AI-generated images from their feeds. We added Pinterest to the portfolio in April after the stock sold off following tariff announcements. Like other social media platforms, Pinterest generates revenue from digital advertising, which continues to grow well above rates of US GDP, as traditional formats lose share. Historically, Pinterest’s R&D and technology investment lagged peers, contributing to lower engagement and monetization. We believe the investment case has become more compelling under the management team that took over in 2022, which has shifted strategy to prioritize user growth, engagement, monetization and profitability—and has begun delivering on these goals.”
Pinterest, Inc. (NYSE:PINS) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 53 hedge fund portfolios held Pinterest, Inc. (NYSE:PINS) at the end of the fourth quarter, compared to 66 in the previous quarter. While we acknowledge the risk and potential of Pinterest, Inc. (NYSE:PINS) 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 Pinterest, Inc. (NYSE:PINS) and that has 10,000% upside potential, check out our report about this cheapest AI stock.
In another article, we covered Pinterest, Inc. (NYSE:PINS) and shared a list of cheap rising stocks to buy. In addition, please check out our hedge fund investor letters Q4 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.
