Artisan Partners
, an investment management firm, has published its “Artisan Mid Cap Fund” Q1 2025 investor letter. You can obtain a copy of the letter here.
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In the initial three months, the fund’s Investor Class ARTMX yielded -7.40%, the Advisor Class APDMX showed a return of -7.37%, and the Institutional Class APHMX reported -7.35%. These figures contrasted with the Russell Midcap Growth Index, which saw returns at -7.12%. U.S. equities experienced robust gains during the fourth quarter, rounding off an impressive year overall. Following significant outperformance by growth stocks in 2023 and early 2024, value stocks took over as leaders in the first quarter of 2025. Amidst cautious investor behavior, funds gravitated toward less volatile equity options, particularly within utilities and consumer staple companies, along with securities offering high dividends. Additionally, review the top five holdings listed in the fund to identify their key selections for 2025.
In the Q1 2025 investor update, the Artisan Mid Cap Fund emphasized holdings like Marvell Technology, Inc. (NASDAQ:
MRVL
Marvell Technology, Inc. (NASDAQ: MRVL), which provides semiconductor solutions for data infrastructure ranging from the heart of data centers to the fringes of networks, saw its stock price increase by 21.53% within a month. However, over the past year, the company’s shares have decreased in value by 11.23%. As of May 5, 2025, Marvell Technology, Inc.’s (NASDAQ: MRVL) closing share price stood at $61.98, giving it a market cap of approximately $53.679 billion.
In its Q1 2025 investor letter, Artisan Mid Cap Fund commented on Marvell Technology, Inc. (NASDAQ:MRVL) as follows:
“Leading among our chief critics were West Pharmaceutical Services, Deckers, and
Marvell Technology, Inc.
(MARVEL: MRVL). Marvell Technology Group Ltd. is a semiconductor manufacturer providing global clients with networking, secure data handling, and storage solutions. The firm boasts one of the most extensive portfolios covering critical demand sectors such as high-speed data routing and storage technologies—areas ideally suited for meeting escalating demands from data centers, wireless infrastructure, and automotive industries.
Even though their financial report was impressive, showing a robust 78% increase in revenue within the data center division, the outlook provided by management failed to align with investors’ ambitious projections, particularly those focused on artificial intelligence advancements. Consequently, underperformance relative to these elevated benchmarks led to significant share price declines amid an uncertain broader market climate sensitive to shifts related to AI technology.
An assembly line in a semiconductor factory, with workers at their stations.
Marvell Technology, Inc. (NASDAQ:MRVL) does not appear on our list.
30 Top-Ranked Stocks By Hedge Funds
According to our records, 105 hedge fund portfolios owned shares of Marvell Technology, Inc. (NASDAQ: MRVL) by the close of the fourth quarter, up from 70 in the previous quarter. Marvell Technology, Inc. (NASDAQ: MRVL) announced a record
revenue
of $1.817 billion in the fourth quarter of fiscal 2025, above the midpoint of guidance, surging 20% sequentially and 27% year-over-year. While we acknowledge the potential of Marvell Technology, Inc. (NASDAQ:MRVL) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the
cheapest AI stock
.
In
another article
, we discussed Marvell Technology, Inc. (NASDAQ:MRVL) and presented billionaire Ken Fisher’s technology stock selections which offer significant growth prospects. Additionally, be sure to review our
Hedge fund investor communications for Q1 2025
Visit this page for additional investment missives from hedge funds and prominent investors.
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Disclosure: No conflicts of interest. This piece was initially published on Insider Monkey.
