Artisan Mid Cap Fund Sold Snowflake (SNOW) Due to Elevated Valuation

2 weeks ago 9

Soumya Eswaran

Mon, February 23, 2026 astatine 8:49 AM CST 3 min read

Artisan Partners, an concern absorption company, released its fourth-quarter 2025 capitalist missive for “Artisan Mid Cap Fund”. A transcript of the missive tin beryllium downloaded here. The Fund seeks to put successful companies that person franchise characteristics, with beardown net trajectories, and are trading astatine a discount to the estimated backstage marketplace value. US equities ended a grounds twelvemonth with robust fourth-quarter gains. The Fund’s Investor Class, ARTMX, delivered -0.44%, the Advisor Class, APDMX, delivered -0.37%, and the Institutional Class, APHMX, delivered -0.35% successful the 4th fourth compared to -3.70% for the Russell Midcap® Growth Index. Continued spot successful accusation exertion (IT) and wellness attraction contributed to the show during the quarter. Please reappraisal the Fund’s apical 5 holdings to summation insights into their cardinal selections for 2025.

In its fourth-quarter 2025 capitalist letter, Artisan Mid Cap Fund highlighted stocks similar Snowflake Inc. (NYSE:SNOW). Based successful Bozeman, Montana, Snowflake Inc. (NYSE:SNOW) is simply a cloud-based information level company. On February 20, 2026, Snowflake Inc. (NYSE:SNOW) banal closed astatine $172.50 per share. One-month instrumentality of Snowflake Inc. (NYSE:SNOW) was -18.35%, and its shares gained 0.92% implicit the past 52 weeks. Snowflake Inc. (NYSE:SNOW) has a marketplace capitalization of $59.029 billion.

Artisan Mid Cap Fund stated the pursuing regarding Snowflake Inc. (NYSE:SNOW) successful its 4th fourth 2025 capitalist letter:

"Along with Veeva, we besides ended our concern campaigns successful Snowflake Inc. (NYSE:SNOW) and Ferguson during the quarter. Snowflake is simply a starring subordinate successful information infrastructure, enabling organizations to unlock greater worth from their information estates. We exited the presumption pursuing a beardown tally fixed the elevated valuation paired with the imaginable for decelerating gross maturation owed to uneven depletion trends. Furthermore, Snowflake is astir commonly utilized by customers for structured data; determination is the imaginable for ample connection models to let enterprises to efficaciously unlock the benefits of unstructured data, bringing Snowflake's worth proposition much into question. This is simply a question we proceed to show and larn about."

Snowflake Inc. (NYSE:SNOW) is not connected our database of 30 Most Popular Stocks Among Hedge Funds. According to our database, 88 hedge money portfolios held Snowflake Inc. (NYSE:SNOW) astatine the extremity of the 4th quarter, compared to 102 successful the erstwhile quarter. While we admit the imaginable of Snowflake Inc. (NYSE:SNOW) arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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