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 SiTime Corporation (NASDAQ:SITM) as a newly added position. SiTime Corporation (NASDAQ:SITM) designs and develops solutions for silicon timing systems. On May 8, 2026, SiTime Corporation (NASDAQ:SITM) closed at $833.08 per share. One-month return of SiTime Corporation (NASDAQ:SITM) was 86.34%, and its shares gained 307.12% over the past 52 weeks. SiTime Corporation (NASDAQ:SITM) has a market capitalization of $21.99 billion.
Artisan Mid Cap Fund stated the following regarding SiTime Corporation (NASDAQ:SITM) in its Q1 2026 investor letter:
“During the quarter, we initiated new positions in Semtech, Tradeweb Markets and SiTime Corporation (NASDAQ:SITM). SiTime develops silicon-based timing solutions used across communications, data center and industrial applications. We initiated a GardenSM position as we believe the company is well placed to take advantage of the transition from legacy quartz timing solutions to higher performance, silicon-based miniaturized mechanical and electromechanical devices. Increasing content in AI-driven infrastructure has also been supporting sustained growth. With multiple catalysts emerging, including data center upgrades and new product expansion, we see a potential path to accelerating revenue growth and operating leverage. We used the recent pullback to opportunistically begin building a position.”
SiTime Corporation (NASDAQ:SITM) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 41 hedge fund portfolios held SiTime Corporation (NASDAQ:SITM) at the end of the fourth quarter, up from 35 in the previous quarter. SiTime Corporation (NASDAQ:SITM) reported strong Q1 2026 revenue of $113.6 million, an increase of 88% year-over-year. While we acknowledge the potential of SiTime Corporation (NASDAQ:SITM) 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.
