Artisan Partners, an investment management company, released its “Artisan International Value Fund” second quarter 2022 investor letter. A copy of the same can be downloaded here. In the second quarter, its Investor Class fund ARTKX returned -10.47%, Advisor Class fund APDKX posted a return of -10.42%, and Institutional Class fund APHKX returned -10.41%, compared to a return of -14.51% for the MSCI EAFE Index. In addition, please check the fund’s top five holdings to know its best picks in 2022.
Artisan Partners discussed stocks like ABB Ltd (NYSE:ABB) in the second quarter investor letter. Headquartered in Zurich, Switzerland, ABB Ltd (NYSE:ABB) engages in the business of electrification, automation, robotics, and motion products. On September 26, 2022, ABB Ltd (NYSE:ABB) stock closed at $25.38 per share. One-month return of ABB Ltd (NYSE:ABB) was -9.26% and its shares lost 24.53% of their value over the last 52 weeks. ABB Ltd (NYSE:ABB) has a market capitalization of $48.746 billion.
Here is what Artisan Partners specifically said about ABB Ltd (NYSE:ABB) in its Q2 2022 investor letter:
“ABB Ltd (NYSE:ABB) is a Swiss-based industrial conglomerate that manufactures electronic products and equipment. There is no new significant fundamental news on the company. We believe the share price decline relates to negative sentiment associated with industrial companies.”
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ABB Ltd (NYSE:ABB) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 17 hedge fund portfolios held ABB Ltd (NYSE:ABB) at the end of the second quarter which was 17 in the previous quarter.
We discussed ABB Ltd (NYSE:ABB) in another article and shared Ken Fisher’s best picks under $30 from his latest portfolio. In addition, please check out our hedge fund investor letters Q2 2022 page for more investor letters from hedge funds and other leading investors.
Disclosure: None. This article is originally published at Insider Monkey.