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.
