Artisan Partners, an investment management company, released its “Artisan Developing World Fund” third quarter 2023 investor letter. A copy of the same can be downloaded here. In the third quarter, the fund (Investor Class) returned -7.31% compared to -2.93% for the MSCI Emerging Markets Index. The fund has returned 74.89% cumulatively since June 30, 2015, compared to a 19.73% return for the benchmark. In addition, please check the fund’s top five holdings to know its best picks in 2023.
Artisan Developing World Fund highlighted stocks like ASML Holding N.V. (NASDAQ:ASML) in the third quarter 2023 investor letter. Headquartered in Veldhoven, the Netherlands, ASML Holding N.V. (NASDAQ:ASML) develops, produces, and markets advanced semiconductor equipment systems. On October 11, 2023, ASML Holding N.V. (NASDAQ:ASML) stock closed at $606.19 per share. One-month return of ASML Holding N.V. (NASDAQ:ASML) was -2.53%, and its shares gained 49.53% of their value over the last 52 weeks. ASML Holding N.V. (NASDAQ:ASML) has a market capitalization of $238.475 billion.
Artisan Developing World Fund made the following comment about ASML Holding N.V. (NASDAQ:ASML) in its Q3 2023 investor letter:
“Bottom contributors to performance for the quarter included Dutch semiconductor equipment producer ASML Holding N.V. (NASDAQ:ASML). ASML declined due to ongoing weakness in leading-edge extreme ultraviolet (EUV) orders, uncertainty around sustainability of lagging-edge deep ultraviolet (DUV) demand, and media reports of further potential restrictions on exports to Chinese customers.”
A technician in a clean room working on a semiconductor device, illuminated by the machines. Editorial photo for a financial news article. 8k. –ar 16:9
ASML Holding N.V. (NASDAQ:ASML) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 55 hedge fund portfolios held ASML Holding N.V. (NASDAQ:ASML) at the end of the second quarter, which was 53 in the previous quarter.
We discussed ASML Holding N.V. (NASDAQ:ASML) in another article and shared the list of best ADR stocks to buy. In addition, please check out our hedge fund investor letters Q3 2023 page for more investor letters from hedge funds and other leading investors.
Suggested Articles:
- 20 Stocks with Highest Dividend Right Now
- Wall Street Analysts Just Trimmed Price Targets for These 10 Stocks
- 20 Most Affordable Housing Markets in the US in 2023
Disclosure: None. This article is originally published at Insider Monkey.