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Artisan Partners, an investment management company, released its first-quarter 2026 investor letter for the “Artisan Mid Cap Fund”. A copy of the letter is available to download here. In Q1 2026, the Artisan Mid Cap Fund reported negative absolute returns but slightly outperformed the Russell Midcap® Growth Index. The market favored lower volatility and income-oriented equities, with value outpacing growth significantly. Despite challenges for growth strategies, selective stock choices in sectors like industrials and healthcare provided strength, while consumer discretionary faced weaknesses. Mid- and small-cap indices showed resilience amid lagging large-cap growth stocks. The escalating conflict in Iran influenced market behavior, and AI-related investments continued to support capital spending and earnings. In addition, please check the Fund’s top five holdings to know its best picks in 2026.
In its first-quarter 2026 investor letter, Artisan Mid Cap Fund highlighted Tradeweb Markets Inc. (NASDAQ:TW) as a newly added position. Tradeweb Markets Inc. (NASDAQ:TW) is a global financial technology company that builds and operates an electronic marketplace and trading platform. The one-month return of Tradeweb Markets Inc. (NASDAQ:TW) was -12.29%, and its shares lost 23.13% of their value over the last 52 weeks. On May 8, 2026, Tradeweb Markets Inc. (NASDAQ:TW) stock closed at $108.81 per share, with a market capitalization of $23.72 billion.
Artisan Mid Cap Fund stated the following regarding Tradeweb Markets Inc. (NASDAQ:TW) in its Q1 2026 investor letter:
"During the quarter, we initiated new positions in Semtech, Tradeweb Markets Inc. (NASDAQ:TW) and SiTime. Tradeweb operates one of the largest global over-the-counter fixed income electronic trading marketplaces. We reinitiated a GardenSM position following a prior exit in mid-2025, with the stock now trading at a more attractive valuation and the recent pause in market share gains appearing temporary. Continued share gains in interest rate swaps, strong international growth and a long runway toward the electronification of fixed income markets support a path to sustained growth and margin expansion. We view the business as a durable compounder with limited disruption risk."
Tradeweb Markets Inc. (NASDAQ:TW) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 46 hedge fund portfolios held Tradeweb Markets Inc. (NASDAQ:TW) at the end of the fourth quarter, up from 39 in the previous quarter. In Q1 2026, Tradeweb Markets Inc. (NASDAQ:TW) reported record revenues of $618 million marking an increase of 21.2% year-over-year on a reported basis and 17.5% on a constant currency basis. While we acknowledge the potential of Tradeweb Markets Inc. (NASDAQ:TW) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
In another article, we covered Tradeweb Markets Inc. (NASDAQ:TW) and shared BBH Select Series – Mid Cap Fund's views on the company. In addition, please check out our hedge fund investor letters Q1 2026 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.