Large-cap indices declined while mid- and small-cap stocks posted modest gains, extending the gradual broadening in market participation that began in late 2025.
The Artisan Value Income Fund generated a positive return in Q1 2026, aided by strength from Bond Proxy and Core Value holdings, particularly in the energy sector.
Lam Research sales are expected to grow a better-than-anticipated 23% year over year, driven by strength in leading-edge foundry and logic markets and AI application demand.
Artisan Value Income Fund initiated 11 new positions in Q1 2026, including Universal Music Group, Veralto, and Brown & Brown, to upgrade overall portfolio quality amidst increased volatility.
The Fund exited its position in PayPal Holdings due to increased uncertainty following a sudden CEO change and intensifying competition from Apple Pay and Stripe.
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Investing Environment
US equity market performance was mixed in Q1 2026. Large-cap indices declined, while mid- and small-cap stocks posted modest gains, extending the gradual broadening in market participation that began in late 2025. Volatility increased meaningfully as the
