Artisan Partners Limited Partnership

Artisan Partners held $62.3B in a concentrated 334-name book with a notable financials weighting — Bank of New York Mellon (2.9%), Charles Schwab (2.6%), American Express (2.2%) and Citigroup (2.1%) all rank near the top alongside Alphabet, Elevance and Meta. The most striking Q1 move was the outright exit of both Microsoft and Apple — unusual for a manager of this size — along with Oracle and PayPal. The firm added Axalta Coating (+$391M) and Insmed (+$224M), while trimming argenx, Suncor, Shopify, Lam Research and Meta. New positions in Coupang, Woodward, Taiwan Semiconductor, Linde and RTX. Assets eased from $66.8B to $62.3B.