Should You Consider Selling Your Position in Saia (SAIA)?

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 Saia, Inc. (NASDAQ:SAIA). Saia, Inc. (NASDAQ:SAIA) is a North America-based transportation company. The one-month return of Saia, Inc. (NASDAQ:SAIA) was -3.93%, and its shares lost 23.39% of their value over the last 52 weeks. On August 7, 2025, Saia, Inc. (NASDAQ:SAIA) stock closed at $294.72 per share, with a market capitalization of $7.85 billion.

Artisan Mid Cap Fund stated the following regarding Saia, Inc. (NASDAQ:SAIA) in its second quarter 2025 investor letter:

“We ended our investment campaign in Chipotle, Saia, Inc. (NASDAQ:SAIA) and Dick’s Sporting Goods during the quarter. Saia operates in the less-than-truckload (LTL) shipping sector, a structurally attractive part of transportation with strong franchise characteristics backed by real estate and network advantages. While we have been positive on Saia’s strategic network expansion, we reduced our position in Q1 in anticipation of rising tariffs hurting industry volume growth—a risk that materialized in Saia’s recent earnings. We subsequently exited our position due to a lack of conviction in the company’s ability to deliver a profit cycle as it continues to invest in capacity expansion, while at the same time facing top-line pressure. Additionally, Saia appears to be compromising on price to drive growth.”

Is Saia, Inc. (SAIA) the Best Freight Stock to Buy According to Hedge Funds?

A long line of trucks transporting goods across the open road, symbolizing the long-distance transportation services of the company.

Saia, Inc. (NASDAQ:SAIA) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 35 hedge fund portfolios held Saia, Inc. (NASDAQ:SAIA) at the end of the first quarter, compared to 31 in the previous quarter. In the second quarter of 2025, Saia, Inc. (NASDAQ:SAIA) announced revenue of $817 million, marking a 0.7% decrease compared to the same quarter last year. While we acknowledge the risk and potential of Saia, Inc. (NASDAQ:SAIA) 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 Saia, Inc. (NASDAQ:SAIA) and that has 10,000% upside potential, check out our report about this cheapest AI stock.

In another article, we covered Saia, Inc. (NASDAQ:SAIA) and shared The London Company SMID Cap Strategy’s views on the company. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors.

READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.

Disclosure: None. This article is originally published at Insider Monkey.