Artisan Small Cap Fund Inv Shs (ARTSX) NPORT-P Artisan Global Opportunities Fund (Dec 2020 report)

Artisan Developing World Fund

Schedule of Investments

December 31, 2020 (Unaudited)

Shares and dollar values in thousands

	Shares Held		Value
COMMON STOCKS - 99.2%
Argentina - 5.0%
MercadoLibre, Inc. *		246	$	411,314
Brazil - 2.3%
StoneCo Ltd., Class A *		2,292		192,380
China - 38.1%
Aier Eye Hospital Group Co. Ltd., Class A		16,864		193,119
Alibaba Group Holding Ltd., ADR *		2,166		504,161
Foshan Haitian Flavouring & Food Co. Ltd., Class A		2,504		76,793
Hundsun Technologies, Inc., Class A		5,365		86,052
JD Health International, Inc. *		4,522		87,493
KE Holdings, Inc., ADR *		3,105		191,100
Kweichow Moutai Co. Ltd., Class A		851		260,134
Meituan, Class B *		9,651		366,731
Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Class A		3,221		209,815
TAL Education Group, ADR *		4,958		354,579
Tencent Holdings Ltd.		4,847		352,654
Wuxi Biologics Cayman, Inc. *		27,815		368,832
Zhangzhou Pientzehuang Pharmaceutical Co. Ltd., Class A		2,259		92,422
				3,143,885
France - 4.0%
Hermes International		81		86,632
LVMH Moet Hennessy Louis Vuitton SE		387		241,436
				328,068
Hong Kong - 1.0%
AIA Group Ltd.		6,616		81,070
India - 3.1%
HDFC Bank Ltd., ADR *		3,513		253,833
Netherlands - 7.2%
Adyen NV *		152		352,749
ASML Holding NV, NYRS		496		241,810
				594,559
Russia - 1.9%
Yandex NV, Class A *		2,218		154,351
Taiwan - 6.1%
Sea Ltd., ADR *		2,547		506,991
United States - 30.5%
Estee Lauder Cos., Inc. (The), Class A		907		241,523
Netflix, Inc. *		446		241,150
NIKE, Inc., Class B		537		76,014
NVIDIA Corp.		721		376,713
Uber Technologies, Inc. *		7,393		377,050
Unity Software, Inc. *		2,332		357,824
Veeva Systems, Inc., Class A *		1,240		337,495
Visa, Inc., Class A		2,330		509,719
				2,517,488
Total common stocks (Cost $4,429,764)				8,183,939
SHORT-TERM INVESTMENTS - 0.5%
INVESTMENT COMPANIES - 0.5%
BlackRock Liquidity Funds Treasury Trust Fund - Institutional Class, 0.01%		15,377		15,377
Federated Treasury Obligations Fund - Institutional Class, 0.01%		14,925		14,925
Fidelity Investments Money Market Treasury Portfolio - Institutional Class, 0.01%		14,925		14,925
Total short-term investments (Cost $45,227)				45,227
Total investments - 99.7% (Cost $4,474,991)				8,229,166
Other assets less liabilities - 0.3%				24,251
Total net assets - 100.0% (1)			$	8,253,417

Artisan Developing World Fund

Schedule of Investments (continued)

December 31, 2020 (Unaudited)

^*  Non-income producing security.

⁽¹⁾  Percentages for the various classifications relate to total net assets.

Company names are as reported by a data service provider and in some cases are translations; a company’s legal name may be different.

Abbreviations
ADR	American Depositary Receipt
NYRS	New York Registry Shares

PORTFOLIO DIVERSIFICATION

Dollar values in thousands

	Value		Percentage of Total  Investments
Communication Services	$	1,255,146		15.3	%
Consumer Discretionary		2,128,360		25.9
Consumer Staples		578,450		7.0
Financials		334,903		4.1
Health Care		1,201,683		14.6
Industrials		377,050		4.6
Information Technology		2,117,247		25.7
Real Estate		191,100		2.3
Short-Term Investments		45,227		0.5
Total investments	$	8,229,166		100.0	%

TRADING CURRENCIES

Dollar values in thousands

	Value		Percentage of Total  Investments
Chinese yuan renminbi offshore	$	918,335		11.1	%
Euro		680,817		8.3
Hong Kong dollar		1,256,780		15.3
U.S. dollar		5,373,234		65.3
Total investments	$	8,229,166		100.0	%

See notes to N-PORT Part F.

Artisan Focus Fund

Schedule of Investments

December 31, 2020 (Unaudited)

Shares and dollar values in thousands

	Shares Held		Value
COMMON STOCKS - 83.5%
Capital Markets - 6.5%
BlackRock, Inc.		80	$	57,748
Blackstone Group, Inc. (The), Class A		694		44,949
Moody’s Corp.		43		12,538
				115,235
Commercial Services & Supplies - 1.6%
Copart, Inc. *		221		28,164
Electrical Equipment - 2.9%
AMETEK, Inc.		428		51,713
Electronic Equipment, Instruments & Components - 3.3%
Amphenol Corp., Class A		450		58,823
Entertainment - 1.2%
Live Nation Entertainment, Inc. *		290		21,328
Insurance - 3.0%
Aon plc, Class A(3)		250		52,896
Internet & Direct Marketing Retail - 3.6%
Amazon.com, Inc. *		19		63,256
IT Services - 9.2%
Fidelity National Information Services, Inc.		618		87,480
Global Payments, Inc.		177		38,040
Mastercard, Inc., Class A		105		37,531
				163,051
Life Sciences Tools & Services - 3.7%
Agilent Technologies, Inc.		348		41,204
Thermo Fisher Scientific, Inc.		54		25,163
				66,367
Media - 1.8%
Charter Communications, Inc., Class A *		48		31,818
Professional Services - 5.8%
IHS Markit Ltd.		708		63,583
TransUnion		400		39,686
				103,269
Road & Rail - 7.5%
Kansas City Southern		195		39,726
Uber Technologies, Inc. *		1,103		56,248
Union Pacific Corp.		176		36,638
				132,612
Semiconductors & Semiconductor Equipment - 12.9%
Advanced Micro Devices, Inc. *		325		29,808
Analog Devices, Inc.		507		74,911
NVIDIA Corp.		74		38,549
Taiwan Semiconductor Manufacturing Co. Ltd., ADR (1)		344		37,537
Texas Instruments, Inc.		286		46,918
				227,723
Software - 9.6%
Atlassian Corp. plc, Class A *		78		18,173
Cloudflare, Inc., Class A *		180		13,681
Intuit, Inc.		148		56,286
Microsoft Corp. (3)		364		81,062
				169,202
Technology Hardware, Storage & Peripherals - 6.0%
Apple, Inc. (3)		796		105,568
Wireless Telecommunication Services - 4.9%
T-Mobile US, Inc. *		646		87,165
Total common stocks (Cost $1,075,667)				1,478,190
	No. of Contracts‡
OPTIONS PURCHASED - 15.6%
Call Options - 15.3%
Aerospace & Defense - 2.0%
Boeing Co. (The) 5/21/2021 at USD 190.00; Notional Amount: USD 60,750		2,838		10,969
TransDigm Group, Inc. 5/21/2021 at USD 360.00; Notional Amount: USD 54,954		888		23,745
				34,714
Capital Markets - 0.1%
Blackstone Group, Inc. (The) 3/19/2021 at USD 62.50; Notional Amount: USD 32,399		4,999		2,237
Entertainment - 2.2%
Walt Disney Co. (The) 4/16/2021 at USD 150.00; Notional Amount: USD 42,903		2,368		8,246
1/21/2022 at USD 60.00; Notional Amount: USD 44,878		2,477		30,226
				38,472
Hotels, Restaurants & Leisure - 1.5%
Hilton Worldwide Holdings, Inc. 4/16/2021 at USD 65.00; Notional Amount: USD 62,150		5,586		26,226
Internet & Direct Marketing Retail - 0.1%
Booking Holdings, Inc. 4/16/2021 at USD 2,300.00; Notional Amount: USD 40,314		181		2,629

Artisan Focus Fund

Schedule of Investments (continued)

December 31, 2020 (Unaudited)

Shares and dollar values in thousands

	No. of Contracts‡		Value
IT Services - 0.4%
Mastercard, Inc. 4/16/2021 at USD 350.00; Notional Amount: USD 96,766		2,711	$	7,571
Road & Rail - 1.6%
CSX Corp. 5/21/2021 at USD 40.00; Notional Amount: USD 23,659		2,607		13,276
Uber Technologies, Inc. 6/18/2021 at USD 55.00; Notional Amount: USD 32,523		6,377		3,475
Union Pacific Corp. 1/21/2022 at USD 90.00; Notional Amount: USD 21,280		1,022		12,116
				28,867
Semiconductors & Semiconductor Equipment - 6.0%
Analog Devices, Inc. 6/18/2021 at USD 60.00; Notional Amount: USD 47,540		3,218		28,238
Micron Technology, Inc. 4/16/2021 at USD 72.50; Notional Amount: USD 55,881		7,433		6,783
6/18/2021 at USD 25.00; Notional Amount: USD 69,241		9,210		46,326
Taiwan Semiconductor Manufacturing Co. Ltd. 1/21/2022 at USD 40.00; Notional Amount: USD 39,353		3,609		25,019
				106,366
Software - 0.1%
Intuit, Inc. 4/16/2021 at USD 390.00; Notional Amount: USD 36,807		969		1,987
Specialty Retail - 1.3%
TJX Cos., Inc. (The) 4/16/2021 at USD 35.00; Notional Amount: USD 45,481		6,660		22,178
Total call options				271,247
Put Options - 0.3%
Internet & Direct Marketing Retail - 0.1%
Amazon.com, Inc. 2/19/2021 at USD 3,100.00; Notional Amount: USD 38,757		119		1,226
Life Sciences Tools & Services - 0.0% (2)
Thermo Fisher Scientific, Inc. 1/15/2021 at USD 470.00; Notional Amount: USD 18,072		388		465
Media - 0.0% (2)
Charter Communications, Inc. 1/15/2021 at USD 650.00; Notional Amount: USD 9,196		139		106
Semiconductors & Semiconductor Equipment - 0.0% (2)
NVIDIA Corp. 1/15/2021 at USD 520.00; Notional Amount: USD 30,288		580		805
Technology Hardware, Storage & Peripherals - 0.2%
Apple, Inc. 2/19/2021 at USD 120.00; Notional Amount: USD 142,589		10,746		2,987
Total put options				5,589
Total Options Purchased (Cost $196,884)				276,836
	Shares Held
SHORT-TERM INVESTMENTS - 3.2%
INVESTMENT COMPANIES - 3.2%
BlackRock Liquidity Funds Treasury Trust Fund - Institutional Class, 0.01%		19,170		19,170
Federated Treasury Obligations Fund - Institutional Class, 0.01%		18,606		18,606
Fidelity Investments Money Market Treasury Portfolio - Institutional Class, 0.01%		18,606		18,606
Total short-term investments (Cost $56,382)				56,382
Total investments - 102.3% (Cost $1,328,933)				1,811,408
WRITTEN OPTION CONTRACTS – (1.6)% (Premiums received $(32,177))				(28,695	)
Other assets less liabilities - (0.7%)				(12,067	)
Total net assets - 100.0% (4)			$	1,770,646

Artisan Focus Fund

Schedule of Investments (continued)

December 31, 2020 (Unaudited)

^*  Non-income producing security.

^‡  One contract is equal to 100 shares.

⁽¹⁾  The Fund considers the company to be from outside the United States. See the Fund’s Statement of Additional Information for a description of the methodology used for country classifications.

Security	Country	Trading Currency
Taiwan Semiconductor Manufacturing Co. Ltd.	Taiwan	U.S. dollar

⁽²⁾  Amount rounds to less than 0.1%.

⁽³⁾  At December 31, 2020, all or a portion of this security was pledged to cover collateral requirements for written options.

⁽⁴⁾  Percentages for the various classifications relate to total net assets.

Company names are as reported by a data service provider and in some cases are translations; a company’s legal name may be different.

Abbreviations
ADR	American Depositary Receipt
USD	U.S. dollar

Artisan Focus Fund

Schedule of Investments (continued)

December 31, 2020 (Unaudited)

PORTFOLIO DIVERSIFICATION
Dollar values in thousands
	Value		Percentage of Total  Investments
Communication Services	$	140,311		7.7	%
Consumer Discretionary		63,256		3.5
Financials		168,131		9.3
Health Care		66,367		3.7
Industrials		315,758		17.4
Information Technology		724,367		40.0
Options Purchased		276,836		15.3
Short-Term Investments		56,382		3.1
Total investments	$	1,811,408		100.0	%

Written Option Contracts

Call Options

Dollar value in thousands except exercise price

Number of Contracts‡	Description	Exercise Price		Notional Amount			Expiration Date		Premiums (Received) by Fund			Market Value			Unrealized Appreciation (Depreciation)
194	Amazon.com, Inc.	$	3,150	$	(63,184	)		01/15/21	$	(3,151	)	$	(2,668	)	$	483
7,950	Apple, Inc.		125		(105,489	)		02/19/21		(9,296	)		(9,321	)		(25	)
480	Charter Communications, Inc.		620		(31,754	)		01/15/21		(3,118	)		(2,114	)		1,004
431	Moody’s Corp.		280		(12,509	)		01/15/21		(531	)		(526	)		5
721	NVIDIA Corp.		510		(37,651	)		01/15/21		(3,486	)		(1,583	)		1,903
1,978	S&P Global, Inc.		270		(65,023	)		02/19/21		(11,583	)		(11,759	)		(176	)
540	Thermo Fisher Scientific, Inc.		460		(25,152	)		01/15/21		(1,012	)		(724	)		288
Total written option contracts									$	(32,177	)	$	(28,695	)	$	3,482

^‡   One contract is equal to 100 shares.

See notes to N-PORT Part F.

Artisan Global Discovery Fund

Schedule of Investments

December 31, 2020 (Unaudited)

Shares and dollar values in thousands

	Shares Held			Value
COMMON STOCKS - 96.4%
Brazil - 2.8%
Notre Dame Intermedica Participacoes SA (1)		307		$	4,655
Pagseguro Digital Ltd., Class A *		58			3,279
					7,934
China - 3.2%
Li Ning Co. Ltd.		887			6,095
Sichuan Teway Food Group Co. Ltd., Class A		228			2,862
					8,957
Denmark - 7.2%
Ascendis Pharma A/S, ADR *		42			6,992
Genmab A/S *(1)		16			6,337
Vestas Wind Systems A/S (1)		29			6,871
					20,200
Germany - 8.7%
CTS Eventim AG & Co. KGaA *(1)		67			4,440
E.ON SE (1)		326			3,614
Evotec SE *(1)		71			2,630
Gerresheimer AG (1)		53			5,656
Puma SE *(1)		50			5,652
RWE AG (1)		58			2,467
					24,459
Hong Kong - 2.6%
Techtronic Industries Co. Ltd.		509			7,267
Japan - 3.6%
Hoya Corp. (1)		33			4,492
Obic Co. Ltd. (1)		27			5,410
					9,902
Luxembourg - 1.6%
Eurofins Scientific SE *		54			4,527
Netherlands - 2.4%
Koninklijke DSM NV		39			6,674
Spain - 0.7%
Banco Bilbao Vizcaya Argentaria SA		366			1,806
Switzerland - 2.7%
Aluflexpack AG *(1)		56			2,158
Belimo Holding AG (1)		—	(2)		1,998
Lonza Group AG (1)		5			3,432
					7,588
United Kingdom - 4.3%
Clarivate plc *		137			4,073
London Stock Exchange Group plc		51			6,261
Meggitt plc *		267			1,706
					12,040
United States - 56.6%
Advanced Micro Devices, Inc. *		83			7,629
Arista Networks, Inc. *		15			4,334
Atlassian Corp. plc, Class A *		32			7,548
Bentley Systems, Inc., Class B		57			2,304
Blackline, Inc. *		39			5,242
Boston Scientific Corp. *		234			8,400
Burlington Stores, Inc. *		17			4,534
Centene Corp. *		54			3,246
Ceridian HCM Holding, Inc. *		28			2,951
Chegg, Inc. *		26			2,342
Cognex Corp.		34			2,754
Coupa Software, Inc. *		4			1,241
Cree, Inc. *		17			1,826
DexCom, Inc. *		8			2,970
First Republic Bank		42			6,116
Fortive Corp.		87			6,163
Global Payments, Inc.		57			12,213
Guidewire Software, Inc. *		33			4,283
IHS Markit Ltd.		48			4,275
Ingersoll Rand, Inc. *		102			4,661
IPG Photonics Corp. *		13			2,830
iRhythm Technologies, Inc. *		9			2,223
Lattice Semiconductor Corp. *		120			5,490
Morningstar, Inc.		11			2,653
New York Times Co. (The), Class A		86			4,460
Novanta, Inc. *		26			3,133
Ollie’s Bargain Outlet Holdings, Inc. *		36			2,974
Skyworks Solutions, Inc.		31			4,684
Take-Two Interactive Software, Inc. *		18			3,794
Teledyne Technologies, Inc. *		22			8,670
Tradeweb Markets, Inc., Class A		42			2,642
Veeva Systems, Inc., Class A *		27			7,242
Zoom Video Communications, Inc., Class A *		8			2,827
Zscaler, Inc. *		15			2,945
Zynga, Inc., Class A *		705			6,958
					158,557
Total common stocks (Cost $176,193)					269,911

Artisan Global Discovery Fund

Schedule of Investments (continued)

December 31, 2020 (Unaudited)

Shares and dollar values in thousands

SHORT-TERM INVESTMENTS - 3.5%
INVESTMENT COMPANIES - 3.5%
BlackRock Liquidity Funds Treasury Trust Fund - Institutional Class, 0.01%	3,375		3,375
Federated Treasury Obligations Fund - Institutional Class, 0.01%	3,275		3,275
Fidelity Investments Money Market Treasury Portfolio - Institutional Class, 0.01%	3,275		3,275
Total short-term investments (Cost $9,925)			9,925
Total investments - 99.9% (Cost $186,118)			279,836
Other assets less liabilities - 0.1%			389
Total net assets - 100.0%(3)		$	280,225

Artisan Global Discovery Fund

Schedule of Investments (continued)

December 31, 2020 (Unaudited)

^*  Non-income producing security.

⁽¹⁾  Valued at a fair value in accordance with procedures established by the board of directors of Artisan Partners Funds. In total, securities valued at a fair value were $59,812, or 21.3% of total net assets. See notes (A) and (B) in the accompanying notes.

⁽²⁾  Amount rounds to less than one.

⁽³⁾  Percentages for the various classifications relate to total net assets.

Company names are as reported by a data service provider and in some cases are translations; a company’s legal name may be different.

Abbreviation
ADR	American Depositary Receipt

PORTFOLIO DIVERSIFICATION
Dollar values in thousands
	Value		Percentage of Total  Investments
Communication Services	$	19,652		7.0	%
Consumer Discretionary		21,597		7.7
Consumer Staples		2,862		1.0
Financials		19,478		7.0
Health Care		62,802		22.4
Industrials		45,684		16.3
Information Technology		82,923		29.6
Materials		8,832		3.2
Utilities		6,081		2.2
Short-Term Investments		9,925		3.6
Total investments	$	279,836		100.0	%

TRADING CURRENCIES

Dollar values in thousands

	Value		Percentage of Total  Investments
Brazilian real	$	4,655		1.7	%
British pound		7,967		2.9
Chinese yuan renminbi offshore		2,862		1.0
Danish krone		13,208		4.7
Euro		37,466		13.4
Hong Kong dollar		13,362		4.8
Japanese yen		9,902		3.5
Swiss franc		7,588		2.7
U.S. dollar		182,826		65.3
Total investments	$	279,836		100.0	%

See notes to N-PORT Part F.

Artisan Global Equity Fund

Schedule of Investments

December 31, 2020 (Unaudited)

Shares and dollar values in thousands

	Shares Held			Value
COMMON STOCKS - 98.9%
Argentina - 0.3%
MercadoLibre, Inc. *		—	(1)	$	794
Belgium - 1.3%
UCB SA		36			3,705
Brazil - 0.2%
Azul SA (Preference) *(2)		91			693
Canada - 1.1%
Canadian Pacific Railway Ltd.		10			3,330
China - 6.9%
Alibaba Group Holding Ltd., ADR *		14			3,170
Blue Moon Group Holdings Ltd. *		1,181			2,325
China International Capital Corp. Ltd., Class H *		1,676			4,539
Chindata Group Holdings Ltd., ADR *		75			1,807
Midea Group Co. Ltd., Class A		194			2,926
Tencent Holdings Ltd.		50			3,601
Wuliangye Yibin Co. Ltd., Class A		43			1,905
Yatsen Holding Ltd., ADR *		6			107
					20,380
Denmark - 2.0%
Ascendis Pharma A/S, ADR *		23			3,773
Genmab A/S *(2)		6			2,258
					6,031
France - 0.4%
Adevinta ASA *(2)		14			241
Air Liquide SA		6			1,036
					1,277
Germany - 6.6%
AIXTRON SE *(2)		155			2,701
Brenntag AG (2)		16			1,200
Delivery Hero SE *(2)		9			1,450
Deutsche Boerse AG (2)		21			3,601
MTU Aero Engines AG (2)		5			1,433
Scout24 AG (2)		28			2,276
Siemens AG (2)		20			2,862
Siemens Energy AG *		112			4,122
					19,645
Hong Kong - 2.2%
AIA Group Ltd.		298			3,647
China Youzan Ltd. *		10,016			2,984
					6,631
India - 1.0%
Reliance Industries Ltd.		109			2,960
Ireland - 1.2%
CRH plc		87			3,617
Japan - 5.3%
Hoya Corp. (2)		23			3,158
Jeol Ltd.(2)		149			7,040
Nihon Unisys Ltd. (2)		14			550
OBIC Business Consultants Co. Ltd. (2)		27			1,839
Obic Co. Ltd. (2)		8			1,669
TeamSpirit, Inc. *(2)		83			1,578
					15,834
Netherlands - 4.3%
Argenx SE, ADR *		11			3,372
CM.com NV *		136			5,154
NXP Semiconductors NV		18			2,867
uniQure NV *		37			1,350
					12,743
Portugal - 1.0%
EDP - Energias de Portugal SA		481			3,031
Russia - 1.4%
MMC Norilsk Nickel PJSC, ADR		53			1,652
Ozon Holdings plc, ADR *		61			2,539
					4,191
South Korea - 1.0%
Samsung Electronics Co. Ltd. (2)		38			2,866
Sweden - 2.1%
Nibe Industrier AB, Class B (2)		106			3,487
Sandvik AB *(2)		110			2,678
					6,165
Switzerland - 5.2%
Adecco Group AG (2)		17			1,155
Idorsia Ltd. *(2)		81			2,322
LafargeHolcim Ltd. *(2)		35			1,939
Medacta Group SA *(2)		41			4,045
Nestle SA (2)		24			2,861
Roche Holding AG (2)		9			3,220
					15,542
United Kingdom - 4.8%
AVEVA Group plc		126			5,523
Clarivate plc *		95			2,823
Compass Group plc		75			1,404
Linde plc (2)		17			4,370
					14,120
United States - 50.6%
ACADIA Pharmaceuticals, Inc. *		141			7,554
Acceleron Pharma, Inc. *		35			4,502
Alphabet, Inc., Class A *		3			4,471
Alphabet, Inc., Class C *		1			1,976
Amazon.com, Inc. *		3			8,836
American Software, Inc., Class A		19			322

Artisan Global Equity Fund

Schedule of Investments (continued)

December 31, 2020 (Unaudited)

Shares and dollar values in thousands

Blueprint Medicines Corp. *	35		3,969
Carrier Global Corp.	173		6,543
Colfax Corp. *	82		3,151
Fidelity National Information Services, Inc.	51		7,271
Foley Trasimene Acquisition Corp. II, Class A *	161		2,429
Halozyme Therapeutics, Inc. *	268		11,435
Horizon Therapeutics plc *	54		3,921
Illumina, Inc. *	19		6,917
Insmed, Inc. *	50		1,665
Johnson Controls International plc	170		7,935
L3Harris Technologies, Inc.	5		987
Mastercard, Inc., Class A	11		4,079
Microsoft Corp.	39		8,691
Natera, Inc. *	55		5,481
Otis Worldwide Corp.	85		5,726
Splunk, Inc. *	23		3,896
SVMK, Inc. *	147		3,755
Synopsys, Inc. *	23		5,864
T-Mobile US, Inc. *	42		5,730
Vertiv Holdings Co.	508		9,481
Vesper Healthcare Acquisition Corp., Class A *	80		903
ViewRay, Inc. *	639		2,440
Walt Disney Co. (The) *	29		5,245
Workiva, Inc. *	56		5,135
			150,310
Total common stocks (Cost $212,191)			293,865
SHORT-TERM INVESTMENTS - 1.4%
INVESTMENT COMPANIES - 1.4%
BlackRock Liquidity Funds Treasury Trust Fund - Institutional Class, 0.01%	1,457		1,457
Federated Treasury Obligations Fund - Institutional Class, 0.01%	1,414		1,414
Fidelity Investments Money Market Treasury Portfolio - Institutional Class, 0.01%	1,414		1,414
Total short-term investments (Cost $4,285)			4,285
Total investments - 100.3% (Cost $216,476)			298,150
Other assets less liabilities - (0.3)%			(859	)
Total net assets - 100.0% (3)		$	297,291

Artisan Global Equity Fund

Schedule of Investments (continued)

December 31, 2020 (Unaudited)

^*  Non-income producing security.

⁽¹⁾  Amount rounds to less than one.

⁽²⁾  Valued at a fair value in accordance with procedures established by the board of directors of Artisan Partners Funds. In total, securities valued at a fair value were $63,492, or 21.4% of total net assets. See notes (A) and (B) in the accompanying notes.

⁽³⁾  Percentages for the various classifications relate to total net assets.

Company names are as reported by a data service provider and in some cases are translations; a company’s legal name may be different.

Abbreviations/Definitions

ADR	American Depositary Receipt
Preference	A special type of equity investment that shares in the earnings of the company and may have a dividend preference. Preference shares may also have liquidation preference.

PORTFOLIO DIVERSIFICATION

Dollar values in thousands

	Value		Percentage of Total  Investments
Communication Services	$	23,540		7.9	%
Consumer Discretionary		21,119		7.1
Consumer Staples		7,198		2.4
Energy		2,960		1.0
Financials		15,119		5.1
Health Care		82,127		27.6
Industrials		57,606		19.3
Information Technology		68,551		23.0
Materials		12,614		4.2
Utilities		3,031		1.0
Short-Term Investments		4,285		1.4
Total investments	$	298,150		100.0	%

Artisan Global Equity Fund

Schedule of Investments (continued)

December 31, 2020 (Unaudited)

TRADING CURRENCIES

Dollar values in thousands

	Value		Percentage of Total Investments
Brazilian real	$	693		0.2	%
British pound		6,927		2.3
Canadian dollar		3,330		1.1
Chinese yuan renminbi offshore		4,831		1.6
Danish krone		2,258		0.8
Euro		40,558		13.6
Hong Kong dollar		17,096		5.7
Indian rupee		2,960		1.0
Japanese yen		15,834		5.3
Korean won		2,866		1.0
Norwegian krone		241		0.1
Swedish krona		6,165		2.1
Swiss franc		15,542		5.2
U.S. dollar		178,849		60.0
Total investments	$	298,150		100.0	%

See notes to N-PORT Part F.

Artisan Global Opportunities Fund

Schedule of Investments

December 31, 2020 (Unaudited)

Shares and dollar values in thousands

	Shares Held		Value
COMMON STOCKS - 95.4%
Brazil - 3.4%
Notre Dame Intermedica Participacoes SA (1)		4,108	$	62,326
Pagseguro Digital Ltd., Class A *		2,000		113,768
				176,094
China - 1.0%
Tencent Holdings Ltd.		715		52,040
Denmark - 7.5%
Genmab A/S * (1)		393		159,082
Orsted A/S(1)		427		87,263
Vestas Wind Systems A/S (1)		604		142,965
				389,310
Hong Kong - 6.2%
AIA Group Ltd.		5,432		66,570
Techtronic Industries Co. Ltd.		17,876		255,023
				321,593
Japan - 3.3%
Hoya Corp. (1)		556		76,855
Keyence Corp. (1)		169		94,942
				171,797
Netherlands - 4.4%
Adyen NV *		16		37,790
Koninklijke DSM NV		664		114,281
Koninklijke Philips NV *		1,510		80,775
				232,846
South Korea - 1.0%
LG Chem Ltd. *(1)		70		53,642
Spain - 2.4%
Iberdrola SA		8,992		128,531
Sweden - 4.4%
Hexagon AB, Class B (1)		1,019		92,753
Telefonaktiebolaget LM Ericsson, Class B (1)		11,416		135,385
				228,138
Switzerland - 4.5%
Lonza Group AG (1)		278		178,266
UBS Group AG (1)		4,008		56,063
				234,329
United Kingdom - 7.8%
AstraZeneca plc		2,078		208,097
London Stock Exchange Group plc		1,020		125,697
Reckitt Benckiser Group plc		794		70,992
				404,786
United States - 49.5%
Activision Blizzard, Inc.		1,961		182,115
Advanced Micro Devices, Inc. *		2,028		186,007
Alphabet, Inc., Class A *		61		106,452
Aptiv plc		885		115,336
Arista Networks, Inc. *		354		102,785
Atlassian Corp. plc, Class A *		423		98,869
Boston Scientific Corp. *		3,828		137,601
Ceridian HCM Holding, Inc. *		587		62,576
Coupa Software, Inc. *		84		28,560
Danaher Corp.		631		140,094
DexCom, Inc. *		71		26,390
Fidelity National Information Services, Inc.		1,334		188,766
Fortive Corp.		1,753		124,158
IHS Markit Ltd.		1,633		146,680
Lowe’s Cos., Inc.		800		128,384
Microsoft Corp.		592		131,767
Netflix, Inc. *		174		94,024
NextEra Energy, Inc.		1,951		150,499
S&P Global, Inc.		90		29,556
Starbucks Corp.		579		61,989
TJX Cos., Inc. (The)		1,730		118,121
Uber Technologies, Inc. *		476		24,270
Veeva Systems, Inc., Class A *		464		126,412
Zoom Video Communications, Inc., Class A *		197		66,298
				2,577,709
Total common stocks (Cost $3,024,172)				4,970,815
SHORT-TERM INVESTMENTS - 4.1%
INVESTMENT COMPANIES - 4.1%
BlackRock Liquidity Funds Treasury Trust Fund - Institutional Class, 0.01%		71,903		71,903
Federated Treasury Obligations Fund - Institutional Class, 0.01%		69,788		69,788
Fidelity Investments Money Market Treasury Portfolio - Institutional Class, 0.01%		69,788		69,788
Total short-term investments (Cost $211,479)				211,479
Total investments - 99.5% (Cost $3,235,651)				5,182,294
Other assets less liabilities - 0.5%				25,294
Total net assets - 100.0% (2)			$	5,207,588

Artisan Global Opportunities Fund

Schedule of Investments (continued)

December 31, 2020 (Unaudited)

^*  Non-income producing security.

⁽¹⁾  Valued at a fair value in accordance with procedures established by the board of directors of Artisan Partners Funds. In total, securities valued at a fair value were $1,139,542, or 21.9% of total net assets. See notes (A) and (B) in the accompanying notes.

⁽²⁾  Percentages for the various classifications relate to total net assets.

Company names are as reported by a data service provider and in some cases are translations; a company’s legal name may be different.

PORTFOLIO DIVERSIFICATION

Dollar values in thousands

	Value		Percentage of Total  Investments
Communication Services	$	434,631		8.4	%
Consumer Discretionary		423,830		8.2
Consumer Staples		70,992		1.4
Financials		277,886		5.4
Health Care		1,195,898		23.0
Industrials		693,096		13.4
Information Technology		1,340,266		25.9
Materials		167,923		3.2
Utilities		366,293		7.0
Short-Term Investments		211,479		4.1
Total investments	$	5,182,294		100.0	%

TRADING CURRENCIES

Dollar values in thousands

	Value		Percentage of Total Investments
Brazilian real	$	62,326		1.2	%
British pound		404,786		7.8
Danish krone		389,310		7.5
Euro		361,377		7.0
Hong Kong dollar		373,633		7.2
Japanese yen		171,797		3.3
Korean won		53,642		1.1
Swedish krona		228,138		4.4
Swiss franc		234,329		4.5
U.S. dollar		2,902,956		56.0
Total investments	$	5,182,294		100.0	%

See notes to N-PORT Part F.

Artisan Global Value Fund

Schedule of Investments

December 31, 2020 (Unaudited)

Shares and dollar values in thousands

	Shares Held		Value
COMMON STOCKS - 93.9%
Belgium - 1.9%
Groupe Bruxelles Lambert SA		410	$	41,341
Brazil - 1.7%
Telefonica Brasil SA, ADR		4,092		36,216
Canada - 1.0%
Imperial Oil Ltd.		1,186		22,518
China - 3.6%
Baidu, Inc., ADR *		359		77,612
France - 2.6%
Danone SA		582		38,201
Sodexo SA		228		19,322
				57,523
Germany - 3.3%
HeidelbergCement AG (1)		946		70,751
Netherlands - 4.5%
ING Groep NV *		2,906		27,130
NXP Semiconductors NV		450		71,535
				98,665
South Korea - 6.3%
Samsung Electronics Co. Ltd. (1)		1,820		136,030
Switzerland - 12.4%
Cie Financiere Richemont SA (1)		943		85,183
Novartis AG (1)		1,116		105,411
UBS Group AG (1)		5,638		78,851
				269,445
United Kingdom - 9.0%
BAE Systems plc		6,796		45,424
Compass Group plc		4,267		79,534
Lloyds Banking Group plc *		69,839		34,802
Tesco plc		11,352		35,923
				195,683
United States - 47.6%
Advance Auto Parts, Inc.		160		25,238
Alphabet, Inc., Class A *		41		71,997
Alphabet, Inc., Class C *		15		26,294
American Express Co.		516		62,377
Anthem, Inc.		232		74,511
Bank of New York Mellon Corp. (The)		1,798		76,296
Berkshire Hathaway, Inc., Class B *		280		64,884
Booking Holdings, Inc. *		30		67,580
Citigroup, Inc.		1,085		66,879
Cognizant Technology Solutions Corp., Class A		1,097		89,901
DENTSPLY SIRONA, Inc.		1,327		69,501
Expedia Group, Inc.		491		64,981
Facebook, Inc., Class A *		267		72,826
FedEx Corp.		124		32,224
Marsh & McLennan Cos., Inc.		486		56,812
Progressive Corp. (The)		498		49,245
Southwest Airlines Co.		903		42,093
Visa, Inc., Class A		90		19,594
				1,033,233
Total common stocks (Cost $1,458,290)				2,039,017
SHORT-TERM INVESTMENTS - 5.7%
INVESTMENT COMPANIES - 5.7%
BlackRock Liquidity Funds Treasury Trust Fund - Institutional Class, 0.01%		41,942		41,942
Federated Treasury Obligations Fund - Institutional Class, 0.01%		40,709		40,709
Fidelity Investments Money Market Treasury Portfolio - Institutional Class, 0.01%		40,708		40,708
Total short-term investments (Cost $123,359)				123,359
	No. of Warrants		Value
WARRANTS - 0.0% (2)
Switzerland - 0.0% (2)
Cie Financiere Richemont SA, expiring 11/22/2023, price 67 CHF (Cost $ - ) *(1)		1,853		482
Total investments - 99.6% (Cost $1,581,649)				2,162,858
Other assets less liabilities - 0.4%				7,490
Total net assets - 100.0% (3)			$	2,170,348

Artisan Global Value Fund

Schedule of Investments (continued)

December 31, 2020 (Unaudited)

^*  Non-income producing security.

⁽¹⁾  Valued at a fair value in accordance with procedures established by the board of directors of Artisan Partners Funds. In total, securities valued at a fair value were $476,708, or 22.0% of total net assets. See notes (A) and (B) in the accompanying notes.

⁽²⁾  Amount rounds to less than 0.1%.

⁽³⁾  Percentages for the various classifications relate to total net assets.

Company names are as reported by a data service provider and in some cases are translations; a company’s legal name may be different.

Abbreviations
ADR	American Depositary Receipt
CHF	Swiss franc

PORTFOLIO DIVERSIFICATION

Dollar values in thousands

	Value		Percentage of Total  Investments
Communication Services	$	284,945		13.2	%
Consumer Discretionary		342,320		15.8
Consumer Staples		74,124		3.4
Energy		22,518		1.0
Financials		558,617		25.8
Health Care		249,423		11.5
Industrials		119,741		5.6
Information Technology		317,060		14.7
Materials		70,751		3.3
Short-Term Investments		123,359		5.7
Total investments	$	2,162,858		100.0	%

TRADING CURRENCIES

Dollar values in thousands

	Value		Percentage of Total Investments
British pound	$	195,683		9.1	%
Canadian dollar		22,518		1.0
Euro		196,745		9.1
Korean won		136,030		6.3
Swiss franc		269,927		12.5
U.S. dollar		1,341,955		62.0
Total investments	$	2,162,858		100.0	%

See notes to N-PORT Part F.

Artisan High Income Fund

Schedule of Investments

December 31, 2020 (Unaudited)

Principal amount, shares and dollar values in thousands

	Principal Amount		Value
CORPORATE BONDS - 68.2%
Advertising - 0.3%
Terrier Media Buyer, Inc. 8.88%, 12/15/2027 (1)	$	15,947	$	17,582
Aerospace/Defense - 0.6%
Signature Aviation US Holdings, Inc. 4.00%, 3/1/2028 (1)		32,372		32,585
Airlines - 1.4%
Delta Air Lines, Inc.
2.90%, 10/28/2024		20,000		19,729
7.38%, 1/15/2026		16,450		18,787
4.38%, 4/19/2028		11,088		11,146
3.75%, 10/28/2029		32,750		31,728
				81,390
Auto Manufacturers - 0.7%
Tesla, Inc. 5.30%, 8/15/2025 (1)		37,000		38,572
Chemicals - 0.3%
Methanex Corp. 5.13%, 10/15/2027 (2)		16,277		17,691
Commercial Services - 0.1%
Capitol Investment Merger Sub 2 LLC 10.00%, 8/1/2024 (1)		6,615		7,240
Distribution/Wholesale - 0.9%
Core & Main Holdings LP 8.63% Cash, 9.38% PIK, 9/15/2024 (1)(3)		20,971		21,443
Core & Main LP 6.13%, 8/15/2025 (1)		30,000		31,012
				52,455
Diversified Financial Services - 4.0%
AG Issuer LLC 6.25%, 3/1/2028 (1)		20,135		20,362
Alliance Data Systems Corp. 7.00%, 1/15/2026 (1)		30,480		32,242
NFP Corp. 6.88%, 8/15/2028 (1)		160,489		171,351
				223,955
Engineering & Construction - 2.0%
Great Lakes Dredge & Dock Corp. 8.00%, 5/15/2022		30,120		30,890
New Enterprise Stone & Lime Co., Inc. 9.75%, 7/15/2028 (1)		14,000		15,330
Tutor Perini Corp. 6.88%, 5/1/2025 (1)		68,769		67,909
				114,129
Entertainment - 0.1%
Affinity Gaming 6.88%, 12/15/2027 (1)		1,815		1,899
SeaWorld Parks & Entertainment, Inc. 9.50%, 8/1/2025 (1)		3,754		4,075
				5,974
Food - 1.2%
H-Food Holdings LLC 8.50%, 6/1/2026 (1)		63,666		66,531
Hand/Machine Tools - 0.9%
Werner FinCo. LP 8.75%, 7/15/2025 (1)		46,856		49,667
Healthcare-Services - 1.8%
HCA, Inc.
3.50%, 9/1/2030		6,872		7,298
5.50%, 6/15/2047		10,000		13,337
Surgery Center Holdings, Inc.
6.75%, 7/1/2025 (1)		8,955		9,112
10.00%, 4/15/2027 (1)		64,776		71,577
				101,324
Holding Companies-Diversified - 2.4%
VistaJet Malta Finance plc 10.50%, 6/1/2024 (1)(2)		131,167		134,446
Home Builders - 0.8%
PulteGroup, Inc. 7.88%, 6/15/2032		29,000		43,391
Insurance - 7.0%
Acrisure LLC
7.00%, 11/15/2025 (1)		77,212		80,382
10.13%, 8/1/2026 (1)		55,717		63,935
Aon Corp. 8.21%, 1/1/2027		29,945		40,099
Ardonagh Midco 2 plc 11.50% Cash, 12.75% PIK, 1/15/2027 (1)(2)(3)(7)		97,000		105,246
AssuredPartners, Inc. 7.00%, 8/15/2025 (1)		29,143		30,205
GTCR AP Finance, Inc. 8.00%, 5/15/2027 (1)		35,360		38,399
Highlands Holdings Bond Issuer Ltd. 7.63% Cash, 8.38% PIK, 10/15/2025 (1)(2)(3)		16,225		17,320
HUB International Ltd. 7.00%, 5/1/2026 (1)		19,244		20,125
				395,711

Artisan High Income Fund

Schedule of Investments (continued)

December 31, 2020 (Unaudited)

Principal amount, shares and dollar values in thousands

Internet - 2.3%
Arches Buyer, Inc. 4.25%, 6/1/2028 (1)		4,775	4,836
Cablevision Lightpath LLC
3.88%, 9/15/2027 (1)		3,812	3,836
5.63%, 9/15/2028 (1)		5,785	6,052
Cars.com, Inc. 6.38%, 11/1/2028 (1)		19,420	20,614
Expedia Group, Inc.
6.25%, 5/1/2025 (1)		44,390	51,443
4.63%, 8/1/2027 (1)		3,000	3,350
3.25%, 2/15/2030		35,036	36,445
			126,576
Iron/Steel - 0.6%
Big River Steel LLC 6.63%, 1/31/2029 (1)		34,072	36,798
Leisure Time - 3.7%
Carnival Corp.
1.88%, 11/7/2022	EUR	10,000	11,499
11.50%, 4/1/2023 (1)		44,233	51,147
10.50%, 2/1/2026 (1)		44,000	51,260
7.63%, 3/1/2026 (1)		28,650	31,214
NCL Corp. Ltd.
12.25%, 5/15/2024 (1)		29,500	35,400
5.88%, 3/15/2026 (1)		27,847	29,344
			209,864
Lodging - 1.8%
Hilton Domestic Operating Co., Inc. 5.75%, 5/1/2028 (1)		18,490	20,108
Marriott International, Inc.
3.60%, 4/15/2024		3,085	3,289
Series EE, 5.75%, 5/1/2025		8,803	10,295
Series R, 3.13%, 6/15/2026		15,250	16,267
Series X, 4.00%, 4/15/2028		7,500	8,293
Series AA, 4.65%, 12/1/2028		27,195	31,550
4.63%, 6/15/2030		984	1,154
4.50%, 10/1/2034		9,000	10,275
			101,231
Media - 4.3%
CCO Holdings LLC
5.50%, 5/1/2026 (1)		30,580	31,689
4.25%, 2/1/2031 (1)		14,000	14,754
Charter Communications Operating LLC 6.38%, 10/23/2035		40,408	55,323
CSC Holdings LLC
5.88%, 9/15/2022		47,077	49,843
5.25%, 6/1/2024		15,676	16,967
Scripps Escrow II, Inc.
3.88%, 1/15/2029 (1)		3,979	4,148
5.38%, 1/15/2031 (1)		884	930
Sinclair Television Group, Inc.
5.88%, 3/15/2026 (1)		7,138	7,339
5.50%, 3/1/2030 (1)		10,046	10,473
Ziggo BV 5.50%, 1/15/2027 (1)(2)		46,870	48,921
			240,387
Mining - 1.0%
Compass Minerals International, Inc.
4.88%, 7/15/2024 (1)		10,392	10,782
6.75%, 12/1/2027 (1)		42,140	45,685
			56,467
Miscellaneous Manufacturing - 5.8%
General Electric Co.
Series D, (ICE LIBOR USD 3 Month + 3.33%), 5.00%, 1/21/2021 (4)(5)		74,996	69,541
6.75%, 3/15/2032		143,917	201,663
6.88%, 1/10/2039		38,671	56,916
			328,120
Office Furnishings - 0.2%
Interface, Inc. 5.50%, 12/1/2028 (1)		9,550	10,051
Oil & Gas - 7.2%
Centennial Resource Production LLC
5.38%, 1/15/2026 (1)		17,826	12,434
6.88%, 4/1/2027 (1)		3,170	2,274
Comstock Resources, Inc.
7.50%, 5/15/2025 (1)		32,446	32,852
9.75%, 8/15/2026		35,589	38,169
9.75%, 8/15/2026		52,170	55,952
Endeavor Energy Resources LP
6.63%, 7/15/2025 (1)		6,885	7,367
5.50%, 1/30/2026 (1)		8,288	8,505
5.75%, 1/30/2028 (1)		33,200	35,813
EQT Corp.
7.88%, 2/1/2025		19,134	21,789
3.90%, 10/1/2027		21,866	21,723
Laredo Petroleum, Inc.
9.50%, 1/15/2025		29,250	25,447
10.13%, 1/15/2028		34,250	29,113
QEP Resources, Inc.
5.38%, 10/1/2022		16,116	16,784
5.25%, 5/1/2023		16,144	16,991
5.63%, 3/1/2026		23,321	25,573
Range Resources Corp.
5.00%, 8/15/2022		9,500	9,405
5.00%, 3/15/2023		5,000	4,875
4.88%, 5/15/2025		5,000	4,723
9.25%, 2/1/2026		34,303	35,847
			405,636
Packaging & Containers - 1.2%
LABL Escrow Issuer LLC
6.75%, 7/15/2026 (1)		18,786	20,344
10.50%, 7/15/2027 (1)		26,533	29,883
Plastipak Holdings, Inc.

Artisan High Income Fund

Schedule of Investments (continued)

December 31, 2020 (Unaudited)

Principal amount, shares and dollar values in thousands

6.25%, 10/15/2025 (1)	14,379	14,810
		65,037
Pipelines - 0.2%
EQM Midstream Partners LP
6.00%, 7/1/2025 (1)	4,918	5,385
6.50%, 7/1/2027 (1)	4,918	5,538
		10,923
Real Estate - 2.4%
Realogy Group LLC
4.88%, 6/1/2023 (1)	71,475	72,905
7.63%, 6/15/2025 (1)	20,242	21,977
9.38%, 4/1/2027 (1)	37,796	41,859
		136,741
Real Estate Investment Trusts (REITS) - 4.6%
Host Hotels & Resorts LP
Series F, 4.50%, 2/1/2026	19,405	21,259
Series H, 3.38%, 12/15/2029	44,500	45,747
Series I, 3.50%, 9/15/2030	20,500	21,586
Park Intermediate Holdings LLC
7.50%, 6/1/2025 (1)	33,415	36,088
5.88%, 10/1/2028 (1)	20,000	21,300
RHP Hotel Properties LP 4.75%, 10/15/2027	6,534	6,763
Uniti Group LP
7.13%, 12/15/2024 (1)	57,971	58,551
7.88%, 2/15/2025 (1)	16,700	17,939
XHR LP 6.38%, 8/15/2025 (1)	26,395	27,847
		257,080
Retail - 7.0%
Asbury Automotive Group, Inc. 4.50%, 3/1/2028	16,124	16,809
Beacon Roofing Supply, Inc. 4.88%, 11/1/2025 (1)	66,652	68,235
Brinker International, Inc.
3.88%, 5/15/2023	1,000	1,001
5.00%, 10/1/2024 (1)	23,010	23,988
Dave & Buster’s, Inc. 7.63%, 11/1/2025 (1)	38,346	40,359
Ferrellgas LP 10.00%, 4/15/2025 (1)	42,535	47,023
Michaels Stores, Inc. 8.00%, 7/15/2027 (1)	25,368	27,271
Nordstrom, Inc.
4.00%, 3/15/2027	17,331	17,171
4.38%, 4/1/2030	55,622	54,755
5.00%, 1/15/2044	93,472	87,415
Specialty Building Products Holdings LLC 6.38%, 9/30/2026 (1)	14,295	15,149
		399,176
Software - 0.9%
Ascend Learning LLC 6.88%, 8/1/2025 (1)	20,719	21,315
Castle US Holding Corp. 9.50%, 2/15/2028 (1)	28,500	28,500
		49,815
Telecommunications - 0.5%
Altice France Holding SA 6.00%, 2/15/2028 (1)(2)	20,667	20,930
Cincinnati Bell, Inc. 8.00%, 10/15/2025 (1)	8,055	8,589
		29,519
Total corporate bonds (Cost $3,438,130)		3,846,064
BANK LOANS - 26.5%
Advertising - 0.3%
Terrier Media Buyer, Inc. First Lien Term Loan B (ICE LIBOR USD 1 Month + 4.25%), 4.40%, 12/17/2026 (5)	15,324	15,320
Aerospace & Defense - 0.1%
Standard Aero Ltd. First Lien Term Loan (ICE LIBOR USD 3 Month + 3.50%), 3.75%, 4/6/2026 (5)	4,061	3,857
Aerospace/Defense - 0.5%
Dynasty Acquisition Co., Inc. First Lien Term Loan (ICE LIBOR USD 3 Month + 3.50%), 3.75%, 4/6/2026 (5)	7,553	7,175
Jazz Acquisition, Inc. First Lien Term Loan B (ICE LIBOR USD 1 Month + 4.25%), 4.40%, 6/19/2026 (5)	24,707	22,830
		30,005
Airlines - 0.2%
American Airlines, Inc., First Lien Term Loan B (ICE LIBOR USD 1 Month + 1.75%), 1.90%, 6/27/2025 (5)	15,595	12,823
Building Materials - 0.1%
MI Windows and Doors, Inc. First Lien Term Loan B (ICE LIBOR USD 1 Month + 3.75%), 4.50%, 12/18/2027 (5)	7,630	7,640
Chemicals - 0.3%
Emerald Performance Materials LLC First Lien Term Loan

Artisan High Income Fund

Schedule of Investments (continued)

December 31, 2020 (Unaudited)

Principal amount, shares and dollar values in thousands

(ICE LIBOR USD 1 Month + 4.00%), 5.00%, 8/12/2025 (5)	14,963	15,028
Commercial Services - 2.0%
Digital Room Holdings, Inc. First Lien Term Loan B (ICE LIBOR USD 3 Month + 5.00%), 5.27%, 5/21/2026 (5)	27,625	25,898
Midas Intermediate Holdco II LLC First Lien Term Loan B (ICE LIBOR USD 1 Month + 6.75%), 7.50%, 12/22/2025 (5)	65,560	66,380
USS Ultimate Holdings, Inc., First Lien Term Loan B (ICE LIBOR USD 1 Month + 3.75%), 4.75%, 8/25/2024 (5)	19,782	19,738
		112,016
Distribution/Wholesale - 0.3%
Core & Main LP First Lien Term Loan B (ICE LIBOR USD 3 Month + 2.75%), 3.75%, 8/1/2024 (5)	18,099	17,993
Diversified Financial Services - 0.2%
Advisor Group Holdings, Inc. First Lien Term Loan B (ICE LIBOR USD 1 Month + 5.00%), 5.15%, 7/31/2026 (5)	12,292	12,159
Entertainment - 0.5%
Playtika Holding Corp., First Lien Term Loan B (ICE LIBOR USD 3 Month + 6.00%), 7.00%, 12/10/2024 (2)(5)	23,156	23,269
SeaWorld Parks & Entertainment, Inc. First Lien Term Loan B5 (ICE LIBOR USD 1 Month + 3.00%), 3.75%, 4/1/2024 (5)	6,475	6,281
		29,550
Food - 1.4%
Shearer’s Foods LLC First Lien Term Loan B (ICE LIBOR USD 3 Month + 4.00%), 4.75%, 9/23/2027 (5)	79,613	79,588
Food Service - 2.5%
TKC Holdings, Inc. First Lien Term Loan (ICE LIBOR USD 3 Month + 3.75%), 4.75%, 2/1/2023 (5)	90,341	88,515
TKC Holdings, Inc. Second Lien Term Loan (ICE LIBOR USD 3 Month + 8.00%), 9.00%, 2/1/2024 (5)	57,174	50,614
		139,129
Healthcare-Services - 2.0%
Cambrex Corp. First Lien Term Loan (ICE LIBOR USD 1 Month + 4.50%), 5.50%, 12/4/2026 (5)	16,425	16,548
Dental Corp. of Canada, Inc. Second Lien Term Loan (ICE LIBOR USD 1 Month + 7.50%), 8.50%, 6/8/2026 (2)(5)	10,674	10,621
Heartland Dental LLC First Lien Term Loan (ICE LIBOR USD 1 Month + 3.50%), 3.65%, 4/30/2025 (5)	31,311	30,499
Surgery Center Holdings, Inc. First Lien Term Loan
(ICE LIBOR USD 1 Month + 3.25%), 4.25%, 9/3/2024 (5)	47,711	46,830
(ICE LIBOR USD 1 Month + 8.00%), 9.00%, 9/3/2024 (5)	12,141	12,429
		116,927
Insurance - 0.3%
Acrisure LLC First Lien Term Loan B (ICE LIBOR USD 1 Month + 3.50%), 3.65%, 2/15/2027 (5)	7,462	7,305
Ryan Specialty Group LLC First Lien Term Loan B (ICE LIBOR USD 1 Month + 3.25%), 4.00%, 9/1/2027 (5)	10,973	10,931
		18,236
Internet - 1.8%
Arches Buyer, Inc. First Lien Term Loan (ICE LIBOR USD 1 Month + 4.00%), 4.50%, 12/6/2027 (5)	58,270	58,299
Barracuda Networks, Inc. Second Lien Term Loan B (ICE LIBOR USD 3 Month + 6.75%), 7.50%, 10/30/2028 (5)	33,815	34,069
CNT Holdings I Corp. Second Lien Term Loan (ICE LIBOR USD 3 Month + 6.75%), 7.50%, 11/6/2028 (5)	12,878	13,071
		105,439

Artisan High Income Fund

Schedule of Investments (continued)

December 31, 2020 (Unaudited)

Principal amount, shares and dollar values in thousands

Leisure Time - 1.6%
Carnival Corp., First Lien Term Loan B (ICE LIBOR USD 1 Month + 7.50%), 8.50%, 6/30/2025 (5)	52,993	54,450
Topgolf International, Inc. First Lien Term Loan B (ICE LIBOR USD 3 Month + 6.25%), 7.00%, 2/9/2026 (5)	33,825	33,973
		88,423
Machinery-Diversified - 0.2%
STS Operating, Inc. First Lien Term Loan (ICE LIBOR USD 1 Month + 4.25%), 5.25%, 12/11/2024 (5)	9,737	9,278
Media - 0.0%(6)
EW Scripps Co. (The), First Lien Term Loan B (ICE LIBOR USD 1 Month + 3.00%), 0.00%, 12/15/2027 (5)	2,694	2,694
Metal Fabricate/Hardware - 0.2%
US Tailwind Smith Cooper Intermediate Corp. First Lien Term Loan (ICE LIBOR USD 1 Month + 5.00%), 5.15%, 5/28/2026 (5)	11,187	10,541
Miscellaneous Manufacturing - 0.1%
Utex Industries, Inc.
(ICE LIBOR USD 1 Month + 7.00%), 8.50%, 10/1/2025 (5)(7)	4,776	4,788
(ICE LIBOR USD 1 Month + 0.00%), 10.50%, 10/1/2025 (5)(7)	2,303	2,242
		7,030
Packaging & Containers - 0.7%
Kloeckner Pentaplast of America, Inc., First Lien Term Loan B (ICE LIBOR USD 3 Month + 4.25%), 5.25%, 6/30/2022 (2)(5)	39,552	39,414
Pharmaceuticals - 0.4%
Lanai Holdings III, Inc. First Lien Term Loan B (ICE LIBOR USD 3 Month + 4.75%), 5.75%, 8/29/2022 (5)	23,995	23,105
Retail - 2.0%
Fogo De Chao, Inc. First Lien Term Loan (ICE LIBOR USD 3 Month + 4.25%), 5.25%, 4/7/2025 (5)	1,868	1,669
LBM Acquisition LLC First Lien Term Loan B (ICE LIBOR USD 1 Month + 3.75%), 4.50%, 12/17/2027 (5)	25,993	25,966
Portillo’s Holdings LLC First Lien Term Loan (ICE LIBOR USD 3 Month + 5.50%), 6.50%, 9/6/2024 (5)	44,508	44,174
Woof Holdings, Inc. First Lien Term Loan B (ICE LIBOR USD 3 Month + 3.75%), 4.50%, 12/21/2027 (5)	9,002	8,983
Zaxby’s Operating Co., LP First Lien Term Loan (ICE LIBOR USD 1 Month + 3.75%), 4.50%, 12/28/2027 (5)	15,305	15,305
Zaxby’s Operating Co., LP Second Lien Term Loan (ICE LIBOR USD 1 Month + 6.50%), 7.50%, 12/28/2028 (5)	8,865	8,954
		105,051
Software - 6.5%
AQA Acquisition Holding, Inc. First Lien Term Loan (ICE LIBOR USD 1 Month + 4.25%), 0.00%, 11/19/2027 (5)	9,710	9,649
Castle US Holding Corp. First Lien Term Loan B (ICE LIBOR USD 3 Month + 3.75%), 4.00%, 1/29/2027 (5)	4,969	4,865
CommerceHub, Inc. First Lien Term Loan (ICE LIBOR USD 1 Month + 4.00%), 4.75%, 12/29/2027 (5)	22,715	22,687
CommerceHub, Inc. Second Lien Term Loan (ICE LIBOR USD 1 Month + 7.00%), 7.75%, 12/2/2028 (5)	10,610	10,637
Epicor Software Corp. First Lien Term Loan B (ICE LIBOR USD 1 Month + 4.25%), 5.25%, 7/30/2027 (5)	39,900	40,091
Epicor Software Corp. Second Lien Term Loan (ICE LIBOR USD 1 Month + 7.75%), 8.75%, 7/31/2028 (5)	9,250	9,626
Finastra USA, Inc. First Lien Term Loan B (ICE LIBOR USD 3 Month + 3.50%), 4.50%, 6/13/2024 (5)	46,772	45,764
Informatica LLC Second Lien Term Loan

Artisan High Income Fund

Schedule of Investments (continued)

December 31, 2020 (Unaudited)

Principal amount, shares and dollar values in thousands

(ICE LIBOR USD 3 Month + 7.13%), 7.13%, 2/25/2025 (5)		27,490	27,923
Ivanti Software, Inc. First Lien Term Loan B (ICE LIBOR USD 1 Month + 4.75%), 5.75%, 12/1/2027 (5)		48,550	48,383
Omnitracs LLC First Lien Term Loan (ICE LIBOR USD 1 Month + 4.25%), 4.40%, 3/21/2025 (5)		26,650	26,717
Renaissance Holdings Corp. First Lien Term Loan (ICE LIBOR USD 1 Month + 3.25%), 3.40%, 5/30/2025 (5)		34,908	34,248
Renaissance Holdings Corp. Second Lien Term Loan (ICE LIBOR USD 1 Month + 7.00%), 7.15%, 5/29/2026 (5)		22,617	22,306
Sophia L.P. First Lien Term Loan (ICE LIBOR USD 3 Month + 3.75%), 4.50%, 10/7/2027 (5)		1,940	1,941
Ultimate Software Group, Inc. (The), First Lien Term Loan (ICE LIBOR USD 3 Month + 4.00%), 4.75%, 5/4/2026 (5)		39,900	40,077
Ultimate Software Group, Inc. (The), Second Lien Term Loan (ICE LIBOR USD 3 Month + 6.75%), 7.50%, 5/3/2027 (5)		17,980	18,452
			363,366
Telecommunications - 1.7%
Altice France SA First Lien Term Loan B11 (ICE LIBOR USD 1 Month + 2.75%), 2.90%, 7/31/2025 (2)(5)		21,830	21,337
Delta Topco, Inc. First Lien Term Loan B (ICE LIBOR USD 3 Month + 3.75%), 4.50%, 12/1/2027 (5)		37,915	37,875
Delta Topco, Inc. Second Lien Term Loan (ICE LIBOR USD 3 Month + 7.25%), 8.00%, 12/1/2028 (5)		31,739	31,937
			91,149
Transportation - 0.6%
SIRVA Worldwide, Inc. First Lien Term Loan (ICE LIBOR USD 3 Month + 5.50%), 5.65%, 8/4/2025 (6)		26,552	24,229
SIRVA Worldwide, Inc. First Lien Term Loan (ICE LIBOR USD 3 Month + 5.50%), 5.71%, 8/4/2025 (6)		5,986	5,462
SIRVA Worldwide, Inc. First Lien Term Loan (ICE LIBOR USD 3 Month + 5.50%), 5.73%, 8/4/2025 (6)		6,659	6,076
SIRVA Worldwide, Inc. First Lien Term Loan (ICE LIBOR USD 3 Month + 5.50%), 5.75%, 8/4/2025 (6)		703	642
Total bank loans (Cost $1,471,930)			1,492,170
	Shares Held
COMMON STOCKS - 0.5%
Miscellaneous Manufacturing - 0.2%
Utex Equity * (7)		364	12,193
Oil, Gas & Consumable Fuels - 0.3%
EP Energy Corp. * (7)		449	14,376
Total common stocks (Cost $19,112)			26,569
	Principal Amount
CONVERTIBLE BONDS - 0.1%
Diversified Financial Services - 0.0% (6)
EZCORP, Inc. 2.88%, 7/1/2024	$	875	794
Real Estate Investment Trusts (REITS) - 0.1%
Uniti Fiber Holdings, Inc. 4.00%, 6/15/2024 (1)		4,625	5,712
Total convertible bonds (Cost $5,267)			6,506
	Shares Held
PREFERRED STOCK - 0.0%
Agriculture - 0.0%
Pinnacle Agriculture Holdings LLC (Cost $ - ) * (7)(8)		25	—

Artisan High Income Fund

Schedule of Investments (continued)

December 31, 2020 (Unaudited)

Principal amount, Shares and dollar values in thousands

SHORT-TERM INVESTMENTS - 7.6%
INVESTMENT COMPANIES - 7.6%
BlackRock Liquidity Funds Treasury Trust Fund - Institutional Class, 0.01%	145,658		145,658
Federated Treasury Obligations Fund - Institutional Class, 0.01%	141,373		141,373
Fidelity Investments Money Market Treasury Portfolio - Institutional Class, 0.01%	141,373		141,373
Total short-term investments (Cost $428,404)			428,404
Total investments - 102.9% (Cost $5,362,843)			5,799,713
Other assets less liabilities - (2.9%)			(163,132	)
Total net assets - 100.0% (9)		$	5,636,581

Artisan High Income Fund

Schedule of Investments (continued)

December 31, 2020 (Unaudited)

* Non-income producing security.

⁽¹⁾  Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933. May be resold in transactions exempt from registration, normally to qualified institutional buyers.

⁽²⁾  The Fund considers the company to be from outside the United States. See the Fund’s Statement of Additional Information for a description of the methodology used for country classifications.

Security	Country	Trading Currency
Altice France Holding SA, 6.00%, 2/15/2028	Luxembourg	U.S. dollar
Altice France SA First Lien Term Loan B11, 2.90%, 7/31/2025	France	U.S. dollar
Ardonagh Midco 2 plc, 11.50%, 1/15/2027	United Kingdom	U.S. dollar
Dental Corp. of Canada, Inc. Second Lien Term Loan, 8.50%, 6/8/2026	Canada	U.S. dollar
Highlands Holdings Bond Issuer Ltd., 7.63%, 10/15/2025	Bermuda	U.S. dollar
Kloeckner Pentaplast of America, Inc., First Lien Term Loan B, 5.25%, 6/30/2022	Luxembourg	U.S. dollar
Methanex Corp., 5.13%, 10/15/2027	Canada	U.S. dollar
Playtika Holding Corp., First Lien Term Loan B, 7.00%, 12/10/2024	Israel	U.S. dollar
VistaJet Malta Finance plc, 10.50%, 6/1/2024	Switzerland	U.S. dollar
Ziggo BV, 5.50%, 1/15/2027	Netherlands	U.S. dollar

⁽³⁾  Payment in-kind security.

⁽⁴⁾  Perpetual security. The rate reflected was the rate in effect on December 31, 2020. The maturity date reflects the next call date.

⁽⁵⁾  Variable or floating rate security, linked to the referenced benchmark. The interest rate shown is the current rate as of December 31, 2020.

⁽⁶⁾  Amount rounds to less than 0.1%.

⁽⁷⁾  Valued at a fair value in accordance with procedures established by the board of directors of Artisan Partners Funds. In total, securities valued at a fair value were $138,845, or 2.5% of total net assets. See notes (A) and (B) in the accompanying notes.

⁽⁸⁾  Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.

⁽⁹⁾  Percentages for the various classifications relate to total net assets.

Company names are as reported by a data service provider and in some cases are translations; a company’s legal name may be different.

Abbreviations
ICE	Intercontinental Exchange
LIBOR	London Interbank Offered Rate
USD	U.S. dollar
EUR	Euro

Artisan High Income Fund

Schedule of Investments (continued)

December 31, 2020 (Unaudited)

UNFUNDED LOAN COMMITMENTS

Pursuant to the terms of the following bank loan agreements, the portfolio had unfunded loan commitments of $5,780 or 0.1% of the total net assets as of December 31, 2020, which could be drawn at the option of the borrower:

Borrower	Unfunded Commitment Amount		Unfunded Value		Unrealized (Depreciation)
LBM Acquisition LLC First Lien Term Loan	$	5,780	$	5,770	$	(10	)
	$	5,780	$	5,770	$	(10	)

FOREIGN CURRENCY FORWARD CONTRACTS

Values in thousands

Currency Purchased		Currency Sold			Counterparty	Settlement Date		Unrealized (Depreciation)
USD	10,657		EUR	9,003	JPM		2/5/2021	$	(350	)
Net unrealized depreciation								$	(350	)

EUR	Euro
USD	U.S. dollar
JPM	JPMorgan Chase Bank, N.A.

FUTURES CONTRACTS

Dollar values in thousands

Description	Number of Contracts			Expiration Date		Trading Currency		Notional Amount		Notional Value			Unrealized Appreciation/ (Depreciation)
Short Positions Contracts
U.S. Treasury 10 Year Note		(1,960	)		3/22/2021		USD	$	196,000	$	(270,633	)	$	(325	)
U.S. Treasury Long Bond		(287	)		3/22/2021		USD		28,700		(49,705	)		265
													$	(60	)

USD     U.S. Dollar

See notes to N-PORT Part F.

Artisan International Fund

Schedule of Investments

December 31, 2020 (Unaudited)

Shares and dollar values in thousands

	Shares Held		Value
COMMON STOCKS AND EQUITY-LINKED SECURITY- 98.0%
Argentina - 0.3%
MercadoLibre, Inc. *		17	$	28,368
Belgium - 1.7%
UCB SA		1,690		174,439
Brazil - 0.3%
Azul SA (Preference) *(1)		3,349		25,467
Canada - 1.6%
Canadian Pacific Railway Ltd.		457		158,429
China - 9.9%
Alibaba Group Holding Ltd., ADR *		1,277		297,118
China International Capital Corp. Ltd., Class H *		32,258		87,381
Midea Group Co. Ltd., Class A		10,095		151,950
Prosus NV *		1,177		127,103
Tencent Holdings Ltd.		2,971		216,135
Wuliangye Yibin Co. Ltd., Class A		2,750		122,722
				1,002,409
Denmark - 5.2%
Ascendis Pharma A/S, ADR *		893		148,877
DSV Panalpina A/S(1)		537		89,948
Genmab A/S *(1)		714		288,880
				527,705
France - 6.1%
Adevinta ASA *(1)		542		9,101
Air Liquide SA		2,215		363,289
Amundi SA *		1,419		115,793
Eiffage SA *		382		36,863
Vinci SA		933		92,692
				617,738
Germany - 13.0%
Brenntag AG (1)		548		42,396
Delivery Hero SE *(1)		333		51,705
Deutsche Boerse AG (1)		2,714		460,712
Deutsche Telekom AG (1)		15,547		284,124
MTU Aero Engines AG (1)		189		49,223
Siemens AG (1)		1,325		189,573
Siemens Energy AG *		4,092		150,163
Symrise AG (1)		607		80,293
				1,308,189
Hong Kong - 3.9%
AIA Group Ltd.		32,454		397,698
India - 1.2%
Reliance Industries Ltd.		4,364		118,561
Ireland - 4.1%
CRH plc		3,228		134,168
Ryanair Holdings plc, Equity-Linked Security *(1)(2)(3)		14,084		279,681
				413,849
Israel - 3.6%
Nice Ltd., ADR *		1,283		363,796
Japan - 3.4%
Hoya Corp. (1)		900		124,344
Nihon Unisys Ltd. (1)		514		20,164
Nippon Shinyaku Co. Ltd. (1)		944		62,004
Sony Corp. (1)		1,379		138,613
				345,125
Netherlands - 4.4%
Argenx SE, ADR *		265		77,819
Koninklijke DSM NV		1,560		268,330
NXP Semiconductors NV		641		101,930
				448,079
Portugal - 1.2%
EDP - Energias de Portugal SA		19,154		120,647
Russia - 0.7%
MMC Norilsk Nickel PJSC, ADR		2,295		71,607
South Korea - 2.2%
Samsung Electronics Co. Ltd. (1)		2,984		223,023
Sweden - 2.5%
Sandvik AB *(1)		3,752		91,716
Telefonaktiebolaget LM Ericsson, Class B (1)		13,154		155,993
				247,709
Switzerland - 11.5%
Adecco Group AG (1)		627		42,023
Idorsia Ltd. *(1)		2,887		83,160
LafargeHolcim Ltd. *(1)		1,194		65,500
Lonza Group AG(1)		193		123,829
Medacta Group SA *(1)		562		55,279
Nestle SA (1)		3,183		374,677
Roche Holding AG (1)		1,037		361,805
Temenos AG (1)		367		51,142
				1,157,415
Taiwan - 2.0%
Taiwan Semiconductor Manufacturing Co. Ltd.		10,538		198,773
United Kingdom - 7.6%
AVEVA Group plc		4,301		188,349
Compass Group plc		5,910		110,155
Linde plc (1)		1,785		463,549
				762,053

Artisan International Fund

Schedule of Investments (continued)

December 31, 2020 (Unaudited)

Shares and dollar values in thousands

United States - 11.6%
Accenture plc, Class A	848		221,460
Alphabet, Inc., Class A *	90		157,189
Alphabet, Inc., Class C *	36		63,091
Amazon.com, Inc. *	80		262,141
Aon plc, Class A	1,501		317,035
Willis Towers Watson plc	734		154,608
			1,175,524
Total common stocks and equity-linked security (Cost $6,657,990)			9,886,603
SHORT-TERM INVESTMENTS - 2.0%
INVESTMENT COMPANIES - 2.0%
BlackRock Liquidity Funds Treasury Trust Fund - Institutional Class, 0.01%	69,037		69,037
Federated Treasury Obligations Fund - Institutional Class, 0.01%	67,007		67,007
Fidelity Investments Money Market Treasury Portfolio - Institutional Class, 0.01%	67,006		67,006
Total short-term investments (Cost $203,050)			203,050
Total investments - 100.0% (Cost $6,861,040)			10,089,653
Other assets less liabilities - 0.0%(4)			6,323
Total net assets - 100.0%(5)		$	10,095,976

Artisan International Fund

Schedule of Investments (continued)

December 31, 2020 (Unaudited)

* Non-income producing security.

⁽¹⁾  Valued at a fair value in accordance with procedures established by the board of directors of Artisan Partners Funds. In total, securities valued at a fair value were $4,287,924, or 42.5% of total net assets. See notes (A) and (B) in the accompanying notes.

⁽²⁾  Security is restricted. Security was acquired in a transaction pursuant to Rule 144A under the Securities Act of 1933, as amended, on the date or during the period noted below.

Security	Acquisition Date		Cost		Value		Percentage of Total Net  Assets
Ryanair Holdings plc		11/14/2013 - 10/23/2020	$	218,151	$	279,681		2.8	%

⁽³⁾ Security is an equity-linked security issued by HSBC Bank plc. Equity-linked securities are subject to counterparty risk with respect to the bank or broker-dealer that issues them.

⁽⁴⁾ Amount rounds to less than 0.1%.

⁽⁵⁾ Percentages for the various classifications relate to total net assets.

Company names are as reported by a data service provider and in some cases are translations; a company’s legal name may be different.

Abbreviations/Definitions
ADR	American Depositary Receipt
Preference	A special type of equity investment that shares in the earnings of the company and may have a dividend preference. Preference shares may also have liquidation preference.

PORTFOLIO DIVERSIFICATION

Dollar values in thousands

	Value		Percentage of Total Investments
Communication Services	$	729,640		7.2	%
Consumer Discretionary		1,167,153		11.6
Consumer Staples		497,399		4.9
Energy		118,561		1.2
Financials		1,812,908		18.0
Health Care		1,500,436		14.9
Industrials		968,493		9.6
Information Technology		1,524,630		15.1
Materials		1,446,736		14.3
Utilities		120,647		1.2
Short-Term Investments		203,050		2.0
Total investments	$	10,089,653		100.0	%

Artisan International Fund

Schedule of Investments (continued)

December 31, 2020 (Unaudited)

TRADING CURRENCIES

Dollar values in thousands

	Value		Percentage of Total  Investments
Brazilian real	$	25,467		0.2	%
British pound		298,504		3.0
Canadian dollar		158,429		1.5
Chinese yuan renminbi offshore		274,672		2.7
Danish krone		378,828		3.7
Euro		3,205,062		31.8
Hong Kong dollar		701,214		7.0
Indian rupee		118,561		1.2
Japanese yen		345,125		3.4
Korean won		223,023		2.2
New Taiwan dollar		198,773		2.0
Norwegian krone		9,101		0.1
Swedish krona		247,709		2.5
Swiss franc		1,157,415		11.5
U.S. dollar		2,747,770		27.2
Total investments	$	10,089,653		100.0	%

See notes to N-PORT Part F.

Artisan International Small-Mid Fund

Schedule of Investments

December 31, 2020 (Unaudited)

Shares and dollar values in thousands

	Shares Held		Value
COMMON STOCKS - 96.6%
Brazil - 1.9%
Afya Ltd., Class A *		1,228	$	31,064
Notre Dame Intermedica Participacoes SA (1)		1,086		16,485
Petrobras Distribuidora SA (1)		6,471		27,686
Rumo SA *(1)		5,946		22,101
				97,336
Canada - 3.4%
Altus Group Ltd.		1,208		46,651
CAE, Inc.		2,525		69,951
Descartes Systems Group, Inc. (The) *		633		37,041
Kinaxis, Inc. *		166		23,518
				177,161
China - 0.5%
I-Mab, ADR *		592		27,891
Costa Rica - 0.1%
Establishment Labs Holdings, Inc. *		170		6,399
Denmark - 5.5%
ALK-Abello A/S *(1)		62		25,440
Ambu A/S, Class B (1)		1,447		62,475
Carlsberg A/S, Class B (1)		179		28,660
DSV Panalpina A/S (1)		349		58,416
Genmab A/S *(1)		125		50,671
SimCorp A/S (1)		162		24,040
Vestas Wind Systems A/S (1)		161		38,161
				287,863
Finland - 4.1%
BasWare OYJ *(1)		474		24,319
Metso Outotec OYJ (1)		13,203		132,217
Revenio Group OYJ (1)		219		13,390
Vaisala OYJ, Class A (1)		920		45,350
				215,276
France - 2.0%
Atos SE *		584		53,309
Lectra		1,603		48,967
				102,276
Germany - 7.1%
AIXTRON SE *(1)(2)		5,681		99,023
Carl Zeiss Meditec AG (1)		168		22,373
Hamburger Hafen und Logistik AG(1)		921		20,745
Hypoport SE *(1)		61		38,236
KION Group AG (1)		328		28,517
MorphoSys AG *(1)		966		110,299
New Work SE (1)		36		12,163
Symrise AG (1)		316		41,749
				373,105
Iceland - 0.7%
Ossur HF(1)		4,502		35,796
India - 1.8%
IndiaMart InterMesh Ltd.		486		42,633
WNS Holdings Ltd., ADR *		687		49,464
				92,097
Israel - 7.3%
Compugen Ltd. *		525		6,356
Kornit Digital Ltd. *		1,217		108,501
Max Stock Ltd. *		4,486		19,895
Nice Ltd., ADR *		542		153,580
Radware Ltd. *		2,135		59,257
Rami Levy Chain Stores Hashikma Marketing 2006 Ltd.		208		14,583
Tel Aviv Stock Exchange Ltd.		3,931		19,999
				382,171
Italy - 0.7%
Davide Campari-Milano NV (1)		3,237		37,028
Japan - 15.8%
Azbil Corp. (1)		2,150		117,600
Carenet, Inc. (1)		296		13,502
CKD Corp. (1)		1,501		32,168
Daikokutenbussan Co. Ltd. (1)		176		11,728
eSOL Co. Ltd. (1)		356		4,177
Fujitec Co. Ltd. (1)		2,406		52,038
Hennge KK *(1)		534		42,846
Jeol Ltd. (1)		1,227		58,033
Kobe Bussan Co. Ltd. (1)		1,063		32,802
MedPeer, Inc. *(1)		574		45,497
Morinaga & Co. Ltd. (1)		1,030		38,747
Nippon Shinyaku Co. Ltd. (1)		128		8,374
OBIC Business Consultants Co. Ltd. (1)		592		40,931
Obic Co. Ltd. (1)		217		43,642
Raccoon Holdings, Inc. (1)(2)		1,697		28,146
Rakus Co. Ltd. (1)		1,032		23,781
Rohm Co. Ltd. (1)		339		32,872
Roland Corp. (1)		800		24,396
Sagami Rubber Industries Co. Ltd. (1)		437		5,262
SG Holdings Co. Ltd. (1)		3,280		89,530
Shimadzu Corp. (1)		474		18,472
TechMatrix Corp. (1)		1,739		36,016
Temairazu, Inc. (1)(2)		327		16,262
Ubicom Holdings, Inc. (1)		305		11,727
				828,549
Netherlands - 2.5%
Argenx SE *		97		28,548
IMCD NV		387		49,232
Koninklijke DSM NV		297		51,111
				128,891

Artisan International Small-Mid Fund

Schedule of Investments (continued)

December 31, 2020 (Unaudited)

Shares and dollar values in thousands

Singapore - 0.6%
XP Power Ltd.	487		31,260
Spain - 0.8%
Almirall SA	3,005		40,088
Sweden - 3.7%
AAK AB (1)	1,890		38,123
Aprea Therapeutics, Inc. *	360		1,770
Cantargia AB *(1)	1,792		13,863
Elekta AB, Class B (1)	3,759		50,446
Fortnox AB (1)	816		45,601
MIPS AB (1)	377		23,560
Oncopeptides AB *(1)	1,107		22,681
			196,044
Switzerland - 6.2%
Alcon, Inc. *(1)	1,058		70,622
Baloise Holding AG (1)	327		58,476
Belimo Holding AG (1)	5		45,052
Burckhardt Compression Holding AG (1)	57		19,785
Comet Holding AG (1)	34		7,578
Lonza Group AG (1)	46		29,414
Siegfried Holding AG *(1)	52		38,600
Tecan Group AG (1)	102		50,116
Ypsomed Holding AG (1)	40		6,659
			326,302
Thailand - 0.8%
Fabrinet *	508		39,425
United Kingdom - 17.0%
ASOS plc *	928		60,698
AVEVA Group plc	1,080		47,298
B&M European Value Retail SA	5,201		36,714
Balfour Beatty plc *	6,317		23,342
boohoo Group plc *	12,614		59,169
Britvic plc	3,089		34,306
Codemasters Group Holdings plc *(2)	9,043		80,874
ConvaTec Group plc	24,165		65,828
Electrocomponents plc	6,304		75,048
Fevertree Drinks plc	864		29,859
HomeServe plc	2,388		33,476
Howden Joinery Group plc *	5,974		56,334
JD Sports Fashion plc *	4,231		49,763
JET2 plc *	833		16,283
Orchard Therapeutics plc, ADR *	895		3,865
Oxford Biomedica plc *	1,657		23,344
Rotork plc	18,631		81,022
SSP Group plc	4,091		18,563
St James’s Place plc	1,911		29,622
Trainline plc *	6,198		39,328
YouGov plc	1,838		26,263
			890,999
United States - 14.1%
Acceleron Pharma, Inc. *	99		12,655
Agios Pharmaceuticals, Inc. *	288		12,460
Alkermes plc *	1,434		28,609
Alnylam Pharmaceuticals, Inc. *	138		17,944
Cree, Inc. *	1,043		110,489
CyberArk Software Ltd. *	236		38,128
Flexion Therapeutics, Inc. *	2,138		24,673
Glaukos Corp. *	722		54,311
Global Blood Therapeutics, Inc. *	559		24,197
Heron Therapeutics, Inc. *	927		19,621
Ingersoll Rand, Inc. *	1,208		55,021
Insmed, Inc. *	1,086		36,163
Inspire Medical Systems, Inc. *	164		30,760
Intersect ENT, Inc. *(2)	2,056		47,076
Madrigal Pharmaceuticals, Inc. *	146		16,220
MaxCyte, Inc. *	2,673		19,279
Model N, Inc. *	1,466		52,322
Protara Therapeutics, Inc. *	264		6,403
Quotient Ltd. *	2,240		11,672
Reata Pharmaceuticals, Inc., Class A *	75		9,258
STAAR Surgical Co. *	350		27,712
ViewRay, Inc. *(2)	8,676		33,144
Zscaler, Inc. *	235		46,961
			735,078
Total common stocks (Cost $3,611,460)			5,051,035
SHORT-TERM INVESTMENTS - 3.6%
INVESTMENT COMPANIES - 3.6%
BlackRock Liquidity Funds Treasury Trust Fund - Institutional Class, 0.01%	63,863		63,863
Federated Treasury Obligations Fund - Institutional Class, 0.01%	61,985		61,985
Fidelity Investments Money Market Treasury Portfolio - Institutional Class, 0.01%	61,985		61,985
Total short-term investments (Cost $187,833)			187,833
Total investments - 100.2% (Cost $3,799,293)			5,238,868
Other assets less liabilities - (0.2)%			(11,086	)
Total net assets - 100.0% (3)		$	5,227,782

Artisan International Small-Mid Fund

Schedule of Investments (continued)

December 31, 2020 (Unaudited)

^*  Non-income producing security.

⁽¹⁾ Valued at a fair value in accordance with procedures established by the board of directors of Artisan Partners Funds. In total, securities valued at a fair value were $2,364,465, or 45.2% of total net assets. See notes (A) and (B) in the accompanying notes.

⁽²⁾ Affiliated company as defined under the Investment Company Act of 1940.

⁽³⁾ Percentages for the various classifications relate to total net assets.

Company names are as reported by a data service provider and in some cases are translations; a company’s legal name may be different.

Abbreviation
ADR	American Depositary Receipt

PORTFOLIO DIVERSIFICATION

Dollar values in thousands

	Value		Percentage of Total Investments
Communication Services	$	119,300		2.3	%
Consumer Discretionary		435,244		8.3
Consumer Staples		271,098		5.2
Financials		146,333		2.8
Health Care		1,380,982		26.3
Industrials		1,180,833		22.5
Information Technology		1,377,734		26.3
Materials		92,860		1.8
Real Estate		46,651		0.9
Short-Term Investments		187,833		3.6
Total investments	$	5,238,868		100.0	%

TRADING CURRENCIES

Dollar values in thousands

	Value		Percentage of Total  Investments
Brazilian real	$	66,272		1.3	%
British pound		937,673		17.9
Canadian dollar		177,161		3.4
Danish krone		323,659		6.2
Euro		896,664		17.1
Indian rupee		42,633		0.8
Israel new shekel		54,477		1.0
Japanese yen		828,549		15.8
Swedish krona		194,274		3.7
Swiss franc		326,302		6.2
U.S. dollar		1,391,204		26.6
Total investments	$	5,238,868		100.0	%

See notes to N-PORT Part F.

Artisan International Value Fund

Schedule of Investments

December 31, 2020 (Unaudited)

Shares and dollar values in thousands

	Shares Held		Value
COMMON STOCKS AND EQUITY-LINKED SECURITY - 91.0%
Belgium - 2.7%
Groupe Bruxelles Lambert SA		4,496	$	453,196
Brazil - 1.5%
Telefonica Brasil SA, ADR		27,389		242,391
Canada - 3.1%
Imperial Oil Ltd.		13,808		262,088
Suncor Energy, Inc.		14,604		244,956
				507,044
China - 5.9%
Baidu, Inc., ADR *		2,470		534,203
Hengan International Group Co. Ltd.		6,959		49,278
Trip.com Group Ltd., ADR *		11,445		386,041
				969,522
Denmark - 1.7%
DSV Panalpina A/S (1)		1,711		286,329
France - 6.1%
Danone SA		3,640		239,040
Safran SA *		1,560		220,925
Sodexo SA		2,668		225,608
Sodexo SA (Registered Shares) *(1)(2)		737		62,346
Vivendi SA		7,939		255,841
				1,003,760
Germany - 3.8%
Fresenius Medical Care AG & Co. KGaA (1)		5,710		476,264
Hella GmbH & Co. KGaA *(1)		2,462		159,259
				635,523
India - 3.9%
HCL Technologies Ltd.		36,748		475,847
Indus Towers Ltd.		55,544		174,764
				650,611
Ireland - 3.9%
CRH plc		8,048		334,471
Ryanair Holdings plc *		1,846		36,650
Ryanair Holdings plc, Equity-Linked Security *(1)(3)(4)		13,820		274,437
				645,558
Japan - 1.0%
Seven & i Holdings Co. Ltd. (1)		4,694		166,692
Netherlands - 4.7%
ING Groep NV *		53,752		501,753
NXP Semiconductors NV		1,731		275,230
				776,983
South Korea - 12.2%
NAVER Corp. *(1)		2,172		586,477
Samsung Electronics Co. Ltd. (1)		15,622		1,167,562
Samsung Electronics Co. Ltd. (Preference) (1)		3,806		258,370
				2,012,409
Spain - 1.0%
Bankia SA		92,946		164,530
Switzerland - 17.7%
ABB Ltd. (1)		27,266		762,665
Cie Financiere Richemont SA (1)		6,732		608,341
LafargeHolcim Ltd. *(1)		7,249		397,788
Novartis AG (1)		5,670		535,509
UBS Group AG (1)		44,169		617,772
				2,922,075
United Kingdom - 13.2%
CNH Industrial NV *(1)		13,142		166,531
Compass Group plc		44,283		825,390
Inchcape plc *		4,943		43,497
Lloyds Banking Group plc *		596,308		297,150
Natwest Group plc *		53,247		122,074
RELX plc		15,877		389,190
RELX plc		3,910		95,687
Tesco plc		78,680		248,974
				2,188,493
United States - 8.6%
Arch Capital Group Ltd. *		17,546		632,874
Schlumberger NV		19,269		420,645
Tenaris SA (1)		21,634		174,770
Tenaris SA, ADR		2,199		35,081
White Mountains Insurance Group Ltd.		6		5,790
Willis Towers Watson plc		692		145,835
				1,414,995
Total common stocks and equity-linked security (Cost $10,877,472)				15,040,111
SHORT-TERM INVESTMENTS - 7.4%
INVESTMENT COMPANIES - 7.4%
BlackRock Liquidity Funds Treasury Trust Fund - Institutional Class, 0.01%		418,013	$	418,013
Federated Treasury Obligations Fund - Institutional Class, 0.01%		405,719		405,719
Fidelity Investments Money Market Treasury Portfolio - Institutional Class, 0.01%		405,719		405,719
Total short-term investments (Cost $1,229,451)				1,229,451

Artisan International Value Fund

Schedule of Investments (continued)

December 31, 2020 (Unaudited)

Shares and dollar values in thousands

WARRANTS - 0.0% (5)
Switzerland - 0.0% (5)
Cie Financiere Richemont SA, expiring 11/22/2023, exercise price 67 CHF (Cost $–) *(1)	13,464		3,498
Total investments - 98.4% (Cost $12,106,923)			16,273,060
Other assets less liabilities - 1.6%			263,820
Total net assets - 100.0% (6)		$	16,536,880

Artisan International Value Fund

Schedule of Investments (continued)

December 31, 2020 (Unaudited)

^*  Non-income producing security.

⁽¹⁾  Valued at a fair value in accordance with procedures established by the board of directors of Artisan Partners Funds. In total, securities valued at a fair value were $6,704,610, or 40.5% of total net assets. See notes (A) and (B) in the accompanying notes.

⁽²⁾  Security is restricted.

Security	Acquisition Date		Cost		Value		Percentage of Total Net  Assets
Sodexo SA (Registered Shares)		09/01/2020	$	63,852	$	62,346		0.4	%

⁽³⁾  Security is restricted. Security was acquired in a transaction pursuant to Rule 144A under the Securities Act of 1933, as amended, on the date or during the period noted below.

Security	Acquisition Date		Cost		Value		Percentage of Total Net  Assets
Ryanair Holdings plc		11/14/2013-10/30/2020	$	213,284	$	274,437		1.7	%

⁽⁴⁾  Security is an equity-linked security issued by HSBC Bank plc. Equity-linked securities are subject to counterparty risk with respect to the bank or broker-dealer that issues them.

⁽⁵⁾  Amount rounds to less than 0.1%.

⁽⁶⁾  Percentages for the various classifications relate to total net assets.

Company names are as reported by a data service provider and in some cases are translations; a company’s legal name may be different.

Abbreviations/Definitions
ADR	American Depositary Receipt
Preference	A special type of equity investment that shares in the earnings of the company and may have a dividend preference. Preference shares may also have liquidation preference.

FOREIGN CURRENCY FORWARD CONTRACTS

Values in thousands

Currency Purchased		Currency Sold			Counterparty	Settlement Date		Unrealized Appreciation (Depreciation)
CNH	1,181,089		USD	178,881	JPM		4/22/2021	$	1,461
Total unrealized appreciation									1,461
USD	643,691		CNH	4,346,741	JPM		4/22/2021		(20,017	)
USD	130,504		JPY	13,742,680	JPM		4/22/2021		(2,763	)
Total unrealized depreciation									(22,780	)
Net unrealized depreciation								$	(21,319	)

CHF	Swiss franc
CNH	Chinese yuan renminbi offshore
JPY	Japanese yen
USD	U.S. dollar
JPM	JPMorgan Chase Bank, N.A.

Artisan International Value Fund

Schedule of Investments (continued)

December 31, 2020 (Unaudited)

PORTFOLIO DIVERSIFICATION

Dollar values in thousands

	Value		Percentage of Total  Investments
Communication Services	$	1,793,676		11.0	%
Consumer Discretionary		2,313,980		14.2
Consumer Staples		703,984		4.3
Energy		1,137,540		7.0
Financials		3,215,411		19.8
Health Care		1,011,773		6.2
Industrials		1,957,977		12.0
Information Technology		2,177,009		13.4
Materials		732,259		4.5
Short-Term Investments		1,229,451		7.6
Total investments	$	16,273,060		100.0	%

TRADING CURRENCIES

Dollar values in thousands

	Value		Percentage of Total  Investments
British pound	$	1,926,275		11.8	%
Canadian dollar		507,044		3.1
Danish krone		286,329		1.8
Euro		3,566,871		21.9
Hong Kong dollar		49,278		0.3
Indian rupee		650,611		4.0
Japanese yen		166,692		1.0
Korean won		2,012,409		12.4
Swiss franc		2,925,573		18.0
U.S. dollar		4,181,978		25.7
Total investments	$	16,273,060		100.0	%

See notes to N-PORT Part F.

Artisan Mid Cap Fund

Schedule of Investments

December 31, 2020 (Unaudited)

Shares and dollar values in thousands

	Shares Held		Value
COMMON STOCKS - 97.8%
Aerospace & Defense - 1.3%
Teledyne Technologies, Inc. *		257	$	100,923
Auto Components - 1.5%
Aptiv plc		909		118,434
Banks - 1.0%
First Republic Bank		204		29,929
SVB Financial Group *		129		50,135
				80,064
Beverages - 0.9%
Boston Beer Co., Inc. (The), Class A *		72		71,653
Biotechnology - 10.9%
Argenx SE, ADR *(1)		471		138,438
Ascendis Pharma A/S, ADR *(1)		1,012		168,705
BioNTech SE, ADR *(1)		634		51,698
Exact Sciences Corp. *		1,423		188,540
Genmab A/S *(1)(2)		519		209,786
Sage Therapeutics, Inc. *		524		45,359
Sarepta Therapeutics, Inc. *		239		40,709
				843,235
Capital Markets - 2.5%
MSCI, Inc.		239		106,547
Tradeweb Markets, Inc., Class A		1,425		89,011
				195,558
Communications Equipment - 1.5%
Arista Networks, Inc. *		395		114,895
Containers & Packaging - 1.1%
Ball Corp.		902		84,003
Diversified Consumer Services - 2.4%
Bright Horizons Family Solutions, Inc. *		199		34,413
Chegg, Inc. *		1,685		152,222
				186,635
Electrical Equipment - 1.4%
Generac Holdings, Inc. *		456		103,630
Electronic Equipment, Instruments & Components - 3.8%
Cognex Corp.		978		78,552
IPG Photonics Corp. *		338		75,662
Trimble, Inc. *		2,024		135,118
				289,332
Entertainment - 5.5%
Roku, Inc. *		322		106,883
Take-Two Interactive Software, Inc. *		404		83,866
Zynga, Inc., Class A *		23,281		229,786
				420,535
Food Products - 0.3%
Beyond Meat, Inc. *		199		24,887
Health Care Equipment & Supplies - 5.4%
DexCom, Inc. *		486		179,559
iRhythm Technologies, Inc. *		332		78,660
West Pharmaceutical Services, Inc.		563		159,605
				417,824
Health Care Providers & Services - 1.2%
Centene Corp. *		1,596		95,806
Health Care Technology - 3.2%
Veeva Systems, Inc., Class A *		898		244,426
Hotels, Restaurants & Leisure - 1.5%
Chipotle Mexican Grill, Inc. *		84		115,886
Industrial Conglomerates - 1.0%
Roper Technologies, Inc.		181		78,066
Interactive Media & Services - 2.5%
Match Group, Inc. *		1,295		195,807
Internet & Direct Marketing Retail - 1.2%
Chewy, Inc., Class A *		592		53,220
Wayfair, Inc., Class A *		189		42,619
				95,839
IT Services - 8.7%
Fidelity National Information Services, Inc.		593		83,937
Global Payments, Inc.		1,781		383,646
Pagseguro Digital Ltd., Class A *(1)		2,095		119,184
Twilio, Inc., Class A *		246		83,107
				669,874
Leisure Products - 1.9%
Peloton Interactive, Inc., Class A *		980		148,629
Life Sciences Tools & Services - 2.1%
Adaptive Biotechnologies Corp. *		595		35,159
Agilent Technologies, Inc.		721		85,422
Evotec SE *(1)(2)		1,127		41,710
				162,291
Machinery - 4.2%
Fortive Corp.		2,076		147,039
IDEX Corp.		326		64,981
Ingersoll Rand, Inc. *		2,404		109,523
				321,543
Media - 1.9%
New York Times Co. (The), Class A		2,765		143,147
Multiline Retail - 0.9%
Ollie’s Bargain Outlet Holdings, Inc. *		852		69,665
Multi-Utilities - 1.0%
CMS Energy Corp.		1,284		78,350
Pharmaceuticals - 2.4%
Catalent, Inc. *		1,761		183,247
Professional Services - 2.1%
IHS Markit Ltd.		886		79,567
Verisk Analytics, Inc.		393		81,660
				161,227
Road & Rail - 0.5%
Lyft, Inc., Class A *		766		37,641
Semiconductors & Semiconductor Equipment - 3.0%
Lattice Semiconductor Corp. *		2,529		115,871

Artisan Mid Cap Fund

Schedule of Investments (continued)

December 31, 2020 (Unaudited)

Shares and dollar values in thousands

Skyworks Solutions, Inc.	727		111,127
			226,998
Software - 17.4%
Atlassian Corp. plc, Class A *	1,196		279,641
Ceridian HCM Holding, Inc. *	1,186		126,400
Coupa Software, Inc. *	353		119,495
Datadog, Inc., Class A *	897		88,330
Guidewire Software, Inc. *	879		113,135
HubSpot, Inc. *	546		216,548
JFrog Ltd. *(1)	618		38,808
Nuance Communications, Inc. *	858		37,831
Synopsys, Inc. *	419		108,544
Tyler Technologies, Inc. *	191		83,238
Zscaler, Inc. *	644		128,519
			1,340,489
Specialty Retail - 1.6%
Burlington Stores, Inc. *	479		125,321
Total common stocks (Cost $4,160,141)			7,545,860
SHORT-TERM INVESTMENTS - 3.5%
INVESTMENT COMPANIES - 3.5%
BlackRock Liquidity Funds Treasury Trust Fund - Institutional Class, 0.01%	91,780		91,780
Federated Treasury Obligations Fund - Institutional Class, 0.01%	89,081		89,081
Fidelity Investments Money Market Treasury Portfolio - Institutional Class, 0.01%	89,081		89,081
Total short-term investments (Cost $269,942)			269,942
Total investments - 101.3% (Cost $4,430,083)			7,815,802
Other assets less liabilities - (1.3%)			(100,775	)
Total net assets - 100.0% (3)		$	7,715,027

Artisan Mid Cap Fund

Schedule of Investments (continued)

December 31, 2020 (Unaudited)

* Non-income producing security.

⁽¹⁾  The Fund considers the company to be from outside the United States. See the Fund’s Statement of Additional Information for a description of the methodology used for country classifications.

Security	Country	Trading Currency
Argenx SE	Netherlands	U.S. dollar
Ascendis Pharma A/S	Denmark	U.S. dollar
BioNTech SE	Germany	U.S. dollar
Evotec SE	Germany	Euro
Genmab A/S	Denmark	Danish krone
JFrog Ltd.	Israel	U.S. dollar
Pagseguro Digital Ltd.	Brazil	U.S. dollar

⁽²⁾  Valued at a fair value in accordance with procedures established by the board of directors of Artisan Partners Funds. In total, securities valued at a fair value were $251,496, or 3.3% of total net assets. See notes (A) and (B) in the accompanying notes.

⁽³⁾  Percentages for the various classifications relate to total net assets.

Company names are as reported by a data service provider and in some cases are translations; a company’s legal name may be different.

Abbreviation
ADR	American Depositary Receipt

PORTFOLIO DIVERSIFICATION

Dollar values in thousands

	Value		Percentage of Total  Investments
Communication Services	$	759,489		9.7	%
Consumer Discretionary		860,409		11.0
Consumer Staples		96,540		1.2
Financials		275,622		3.5
Health Care		1,946,829		24.9
Industrials		803,030		10.3
Information Technology		2,641,588		33.8
Materials		84,003		1.1
Utilities		78,350		1.0
Short-Term Investments		269,942		3.5
Total investments	$	7,815,802		100.0	%

TRADING CURRENCIES

Dollar values in thousands

	Value		Percentage of Total  Investments
Danish krone	$	209,786		2.7	%
Euro		41,710		0.5
U.S. dollar		7,564,306		96.8
Total investments	$	7,815,802		100.0	%

See notes to N-PORT Part F.

Artisan Mid Cap Value Fund

Schedule of Investments

December 31, 2020 (Unaudited)

Shares and dollar values in thousands

	Shares Held		Value
COMMON STOCKS - 96.9%
Air Freight & Logistics - 2.2%
Expeditors International of Washington, Inc.		449	$	42,706
Auto Components - 5.4%
BorgWarner, Inc.		1,103		42,603
Gentex Corp.		1,822		61,835
				104,438
Automobiles - 3.0%
Thor Industries, Inc.		609		56,665
Banks - 5.4%
BOK Financial Corp.		199		13,644
Fifth Third Bancorp		1,841		50,761
M&T Bank Corp.		302		38,424
				102,829
Capital Markets - 4.5%
Moelis & Co., Class A		1,045		48,884
Northern Trust Corp.		411		38,280
				87,164
Chemicals - 4.1%
Celanese Corp.		306		39,735
Corteva, Inc.		999		38,666
				78,401
Consumer Finance - 2.5%
Synchrony Financial		1,359		47,159
Diversified Consumer Services - 1.3%
H&R Block, Inc.		1,527		24,213
Electrical Equipment - 2.0%
nVent Electric plc		1,671		38,919
Electronic Equipment, Instruments & Components - 1.5%
Arrow Electronics, Inc. *		299		29,091
Entertainment - 3.1%
Electronic Arts, Inc.		230		32,986
Lions Gate Entertainment Corp., Class A *		1,153		13,112
Lions Gate Entertainment Corp., Class B *		1,249		12,963
				59,061
Equity Real Estate Investment Trusts (REITs) - 6.9%
Lamar Advertising Co., Class A		612		50,927
PS Business Parks, Inc.		108		14,346
Public Storage		95		21,882
STORE Capital Corp.		613		20,842
Weyerhaeuser Co.		756		25,356
				133,353
Food & Staples Retailing - 3.3%
Kroger Co. (The)		993		31,545
Sysco Corp.		424		31,467
				63,012
Food Products - 1.9%
Tyson Foods, Inc., Class A		560		36,072
Health Care Equipment & Supplies - 2.4%
DENTSPLY SIRONA, Inc.		880		46,073
Health Care Providers & Services - 3.6%
AmerisourceBergen Corp.		332		32,408
Centene Corp. *		603		36,225
				68,633
Hotels, Restaurants & Leisure - 4.4%
Marriott International, Inc., Class A		337		44,434
Vail Resorts, Inc.		145		40,393
				84,827
Insurance - 9.2%
Aon plc, Class A		137		28,858
Arch Capital Group Ltd. *		1,340		48,318
Globe Life, Inc.		572		54,355
Progressive Corp. (The)		466		46,062
				177,593
Interactive Media & Services - 3.1%
IAC/InterActiveCorp *		314		59,391
Internet & Direct Marketing Retail - 3.5%
Expedia Group, Inc.		514		68,067
Machinery - 1.3%
Otis Worldwide Corp.		382		25,805
Marine - 1.5%
Kirby Corp. *		549		28,436
Media - 5.0%
Liberty Broadband Corp., Class C *		127		20,175
News Corp., Class A		2,348		42,186
Omnicom Group, Inc.		542		33,810
				96,171
Real Estate Management & Development - 1.3%
Jones Lang LaSalle, Inc. *		165		24,442
Road & Rail - 3.2%
AMERCO		135		61,156
Semiconductors & Semiconductor Equipment - 3.8%
Analog Devices, Inc.		495		73,178
Specialty Retail - 2.6%					��
AutoNation, Inc. *		710		49,537
Technology Hardware, Storage & Peripherals - 1.9%
NetApp, Inc.		543		35,967
Trading Companies & Distributors - 3.0%
Air Lease Corp.		1,313		58,316
Total common stocks (Cost $1,109,117)				1,860,675

Artisan Mid Cap Value Fund

Schedule of Investments (continued)

December 31, 2020 (Unaudited)

Shares and dollar values in thousands

SHORT-TERM INVESTMENTS - 3.1%
INVESTMENT COMPANIES - 3.1%
BlackRock Liquidity Funds Treasury Trust Fund - Institutional Class, 0.01%	20,487		20,487
Federated Treasury Obligations Fund - Institutional Class, 0.01%	19,885		19,885
Fidelity Investments Money Market Treasury Portfolio - Institutional Class, 0.01%	19,884		19,884
Total short-term investments (Cost $60,256)			60,256
Total investments - 100.0% (Cost $1,169,373)			1,920,931
Other assets less liabilities - 0.0% (1)			(115	)
Total net assets - 100.0% (2)		$	1,920,816

Artisan Mid Cap Value Fund

Schedule of Investments (continued)

December 31, 2020 (Unaudited)

^*  Non-income producing security.

⁽¹⁾  Amount rounds to less than 0.1%.

⁽²⁾  Percentages for the various classifications relate to total net assets.

Company names are as reported by a data service provider and in some cases are translations; a company’s legal name may be different.

PORTFOLIO DIVERSIFICATION

Dollar values in thousands

	Value		Percentage of Total  Investments
Communication Services	$	214,623		11.2	%
Consumer Discretionary		387,747		20.2
Consumer Staples		99,084		5.2
Financials		414,745		21.6
Health Care		114,706		6.0
Industrials		255,338		13.3
Information Technology		138,236		7.2
Materials		78,401		4.0
Real Estate		157,795		8.2
Short-Term Investments		60,256		3.1
Total investments	$	1,920,931		100.0	%

See notes to N-PORT Part F.

Artisan Select Equity Fund

Schedule of Investments

December 31, 2020 (Unaudited)

Shares and dollar values in thousands

	Shares Held			Value
COMMON STOCKS - 93.4%
Aerospace & Defense - 1.9%
BAE Systems plc (1)		44		$	295
Air Freight & Logistics - 2.3%
FedEx Corp.		1			366
Airlines - 1.8%
Southwest Airlines Co.		6			289
Banks - 4.6%
Citigroup, Inc.		12			733
Capital Markets - 5.1%
Bank of New York Mellon Corp. (The)		19			798
Construction Materials - 4.5%
HeidelbergCement AG (1)(2)		10			715
Consumer Finance - 4.9%
American Express Co.		6			767
Diversified Financial Services - 5.0%
Berkshire Hathaway, Inc., Class B *		3			791
Health Care Equipment & Supplies - 5.6%
DENTSPLY SIRONA, Inc.		17			886
Health Care Providers & Services - 5.2%
Anthem, Inc.		3			829
Insurance - 6.4%
Marsh & McLennan Cos., Inc.		4			421
Progressive Corp. (The)		6			598
					1,019
Interactive Media & Services - 9.7%
Alphabet, Inc., Class A *		—	(3)		854
Facebook, Inc., Class A *		2			677
					1,531
Internet & Direct Marketing Retail - 9.0%
Booking Holdings, Inc. *		—	(3)		795
Expedia Group, Inc.		5			621
					1,416
IT Services - 9.0%
Cognizant Technology Solutions Corp., Class A		11			880
Visa, Inc., Class A		2			542
					1,422
Pharmaceuticals - 3.6%
Novartis AG, ADR (1)		6			564
Specialty Retail - 3.7%
Advance Auto Parts, Inc.		4			582
Technology Hardware, Storage & Peripherals - 6.2%
Samsung Electronics Co. Ltd. (1)(2)		13			974
Textiles, Apparel & Luxury Goods - 4.9%
Cie Financiere Richemont SA (1)(2)		9			773
Total common stocks (Cost $11,467)					14,750
	No. of Warrants			Value
WARRANTS - 0.0%(4)
Textiles, Apparel & Luxury Goods - 0.0% (4)
Cie Financiere Richemont SA, expiring 11/22/2023, exercise price 67 CHF (Switzerland) (Cost $–) *(2)		17			4
	Shares Held			Value
SHORT-TERM INVESTMENTS - 7.0%
INVESTMENT COMPANIES - 7.0%
BlackRock Liquidity Funds Treasury Trust Fund - Institutional Class, 0.01%		373			373
Federated Treasury Obligations Fund - Institutional Class, 0.01%		363			363
Fidelity Investments Money Market Treasury Portfolio - Institutional Class, 0.01%		362			362
Total short-term investments (Cost $1,098)					1,098
Total investments - 100.4% (Cost $12,565)					15,852
Other assets less liabilities - (0.4%)					(63	)
Total net assets - 100.0% (5)				$	15,789

Artisan Select Equity Fund

Schedule of Investments (continued)

December 31, 2020 (Unaudited)

^*  Non-income producing security.

⁽¹⁾  The Fund considers the company to be from outside the United States. See the Fund’s Statement of Additional Information for a description of the methodology used for country classifications.

Security	Country	Trading Currency
BAE Systems plc	United Kingdom	British pound
Cie Financiere Richemont SA (Warrant)	Switzerland	Swiss franc
Cie Financiere Richemont SA	Switzerland	Swiss franc
HeidelbergCement AG	Germany	Euro
Novartis AG	Switzerland	U.S. dollar
Samsung Electronics Co. Ltd.	South Korea	Korean won

⁽²⁾  Valued at a fair value in accordance with procedures established by the board of directors of Artisan Partners Funds. In total, securities valued at a fair value were $2,466, or 15.6% of total net assets. See notes (A) and (B) in the accompanying notes.

⁽³⁾  Amount rounds to less than one.

⁽⁴⁾  Amount rounds to less than 0.1%.

⁽⁵⁾  Percentages for the various classifications relate to total net assets.

Company names are as reported by a data service provider and in some cases are translations; a company’s legal name may be different.

Abbreviations
ADR	American Depositary Receipt
CHF	Swiss franc

PORTFOLIO DIVERSIFICATION

Dollar values in thousands

	Value		Percentage of Total  Investments
Communication Services	$	1,531		9.7	%
Consumer Discretionary		2,775		17.5
Financials		4,108		25.9
Health Care		2,279		14.4
Industrials		950		6.0
Information Technology		2,396		15.1
Materials		715		4.5
Short-Term Investments		1,098		6.9
Total investments	$	15,852		100.0	%

TRADING CURRENCIES

Dollar values in thousands

	Value		Percentage of Total Investments
British pound	$	295		1.9	%
Euro		715		4.5
Korean won		974		6.1
Swiss franc		777		4.9
U.S. dollar		13,091		82.6
Total investments	$	15,852		100.0	%

See notes to N-PORT Part F.

Artisan Small Cap Fund

Schedule of Investments

December 31, 2020 (Unaudited)

Shares and dollar values in thousands

	Shares Held		Value
COMMON STOCKS - 95.7%
Aerospace & Defense - 3.6%
BWX Technologies, Inc.		523	$	31,538
Teledyne Technologies, Inc. *		288		113,062
				144,600
Biotechnology - 20.0%
Acceleron Pharma, Inc. *		436		55,834
Argenx SE, ADR *(1)		346		101,775
Ascendis Pharma A/S, ADR *(1)		609		101,618
Denali Therapeutics, Inc. *		259		21,721
Halozyme Therapeutics, Inc. *		4,724		201,771
Invitae Corp. *		550		22,996
Iovance Biotherapeutics, Inc. *		1,779		82,550
Orchard Therapeutics plc, ADR *(1)		1,695		7,323
Radius Health, Inc. *		819		14,631
Sage Therapeutics, Inc. *		248		21,484
Twist Bioscience Corp. *		182		25,699
Veracyte, Inc. *		2,163		105,847
Vericel Corp. *		315		9,733
Y-mAbs Therapeutics, Inc. *		641		31,756
				804,738
Building Products - 1.1%
Advanced Drainage Systems, Inc.		251		20,981
Trex Co., Inc. *		262		21,973
				42,954
Capital Markets - 1.4%
Morningstar, Inc.		186		42,977
South Mountain Merger Corp., Class A *		730		11,767
				54,744
Diversified Consumer Services - 6.2%
Bright Horizons Family Solutions, Inc. *		325		56,214
Chegg, Inc. *		2,135		192,893
				249,107
Electronic Equipment, Instruments & Components - 2.6%
Cognex Corp.		352		28,234
Novanta, Inc. *		640		75,638
				103,872
Entertainment - 3.4%
Zynga, Inc., Class A *		13,874		136,933
Food & Staples Retailing - 1.4%
Casey’s General Stores, Inc.		307		54,836
Health Care Equipment & Supplies - 6.0%
Glaukos Corp. *		811		61,028
iRhythm Technologies, Inc. *		331		78,625
Mesa Laboratories, Inc.		80		22,985
Shockwave Medical, Inc. *		477		49,493
Vapotherm, Inc. *		1,129		30,329
				242,460
Health Care Technology - 0.8%
Tabula Rasa HealthCare, Inc. *		782		33,491
Hotels, Restaurants & Leisure - 1.6%
Papa John’s International, Inc.		324		27,509
Wingstop, Inc.		268		35,580
				63,089
IT Services - 2.3%
Evo Payments, Inc., Class A *		1,182		31,938
LiveRamp Holdings, Inc. *		855		62,608
				94,546
Leisure Products - 0.8%
YETI Holdings, Inc. *		475		32,501
Life Sciences Tools & Services - 5.0%
Adaptive Biotechnologies Corp. *		423		24,995
NeoGenomics, Inc. *		2,897		155,963
Repligen Corp. *		103		19,752
				200,710
Machinery - 3.9%
Ingersoll Rand, Inc. *		1,803		82,129
John Bean Technologies Corp.		650		73,977
				156,106
Media - 1.3%
New York Times Co. (The), Class A		1,026		53,097
Multiline Retail - 1.9%
Ollie’s Bargain Outlet Holdings, Inc. *		935		76,430
Semiconductors & Semiconductor Equipment - 6.8%
Cree, Inc. *		507		53,733
Lattice Semiconductor Corp. *		2,538		116,292
Monolithic Power Systems, Inc.		277		101,567
				271,592
Software - 24.3%
Avalara, Inc. *		475		78,360
Bentley Systems, Inc., Class B		784		31,773
Blackline, Inc. *		1,302		173,698
Guidewire Software, Inc. *		710		91,442
HubSpot, Inc. *		410		162,698
JFrog Ltd. *(1)		770		48,355
LivePerson, Inc. *		1,994		124,059
Q2 Holdings, Inc. *		1,292		163,492
Smartsheet, Inc., Class A *		316		21,868
Sumo Logic, Inc. *		318		9,092
Tyler Technologies, Inc. *		162		70,510
				975,347
Specialty Retail - 1.3%
Floor & Decor Holdings, Inc., Class A *		571		53,057
Total common stocks (Cost $2,013,495)				3,844,210

Artisan Small Cap Fund

Schedule of Investments (continued)

December 31, 2020 (Unaudited)

Shares and dollar values in thousands

SHORT-TERM INVESTMENTS - 4.1%
INVESTMENT COMPANIES - 4.1%
BlackRock Liquidity Funds Treasury Trust Fund - Institutional Class, 0.01%	55,870		55,870
Federated Treasury Obligations Fund - Institutional Class, 0.01%	54,227		54,227
Fidelity Investments Money Market Treasury Portfolio - Institutional Class, 0.01%	54,226		54,226
Total short-term investments (Cost $164,323)			164,323
Total investments - 99.8% (Cost $2,177,818)			4,008,533
Other assets less liabilities - 0.2%			9,970
Total net assets - 100.0% (2)		$	4,018,503

* Non-income producing security.

⁽¹⁾  The Fund considers the company to be from outside the United States. See the Fund’s Statement of Additional Information for a description of the methodology used for country classifications.

Security	Country	Trading Currency
Argenx SE	Netherlands	U.S. dollar
Ascendis Pharma A/S	Denmark	U.S. dollar
JFrog Ltd.	Israel	U.S. dollar
Orchard Therapeutics plc	United Kingdom	U.S. dollar

⁽²⁾  Percentages for the various classifications relate to total net assets.

Company names are as reported by a data service provider and in some cases are translations; a company’s legal name may be different.

Artisan Small Cap Fund

Schedule of Investments (continued)

December 31, 2020 (Unaudited)

Abbreviation
ADR	American Depositary Receipt

PORTFOLIO DIVERSIFICATION

Dollar values in thousands

	Value		Percentage of Total  Investments
Communication Services	$	190,030		4.7	%
Consumer Discretionary		474,184		11.8
Consumer Staples		54,836		1.4
Financials		54,744		1.4
Health Care		1,281,399		32.0
Industrials		343,660		8.5
Information Technology		1,445,357		36.1
Short-Term Investments		164,323		4.1
Total investments	$	4,008,533		100.0	%

See notes to N-PORT Part F.

Artisan Sustainable Emerging Markets Fund

Schedule of Investments

December 31, 2020 (Unaudited)

Shares and dollar values in thousands

	Shares Held		Value
COMMON STOCKS - 97.6%
Argentina - 5.5%
Despegar.com Corp. *		49	$	627
Globant SA *		3		628
MercadoLibre, Inc. *		1		2,387
				3,642
Brazil - 6.5%
Aeris Industria E Comercio De Equipamentos Para Geracao De Energia SA *(1)		784		1,510
Arco Platform Ltd., Class A *		13		478
Itau Unibanco Holding SA (Preference) (1)		150		908
Petroleo Brasileiro SA (1)		100		558
Vale SA(1)		52		867
				4,321
Chile - 1.4%
Empresa Nacional de Telecomunicaciones SA (1)		99		616
Vina Concha y Toro SA (1)		190		330
				946
China - 24.1%
Alibaba Group Holding Ltd., ADR *		19		4,370
Alibaba Group Holding Ltd. *		32		963
Baidu, Inc., ADR *		5		1,104
Baozun, Inc., ADR *		14		471
China Traditional Chinese Medicine Holdings Co. Ltd.		1,508		747
Estun Automation Co. Ltd., Class A *		315		1,436
iQIYI, Inc., ADR *		21		362
Noah Holdings Ltd., ADR *		21		1,024
Prosus NV *		20		2,154
Sinopharm Group Co. Ltd., Class H		204		496
Trip.com Group Ltd., ADR *		23		774
Wuhan Raycus Fiber Laser Technologies Co. Ltd., Class A		53		713
Zhuzhou CRRC Times Electric Co. Ltd., Class H		333		1,451
				16,065
Colombia - 0.8%
Banco Davivienda SA (Preference) (1)		50		534
Greece - 2.2%
Alpha Bank AE *		530		618
JUMBO SA		49		855
				1,473
Hong Kong - 3.6%
AIA Group Ltd.		94		1,153
China High Precision Automation Group Ltd. *(1)(2)		9,066		—
Sino Biopharmaceutical Ltd.		1,325		1,281
				2,434
India - 8.5%
Havells India Ltd.		63		787
ICICI Bank Ltd. *		171		1,255
Kajaria Ceramics Ltd.		103		993
Metropolis Healthcare Ltd.		21		557
Reliance Industries Ltd.		58		1,577
Westlife Development Ltd. *		84		522
				5,691
Indonesia - 1.7%
Bank Rakyat Indonesia Persero Tbk. PT (1)		2,389		709
Indofood CBP Sukses Makmur Tbk. PT (1)		638		435
				1,144
Malaysia - 1.1%
Public Bank Bhd.		138		705
Mexico - 1.8%
Cemex SAB de CV *		987		511
Fomento Economico Mexicano SAB de CV		93		702
				1,213
Panama - 0.6%
Copa Holdings SA, Class A		6		430
Peru - 1.1%
Credicorp Ltd.		4		718
Russia - 8.4%
Lukoil PJSC, ADR		15		990
MMC Norilsk Nickel PJSC, ADR		30		927
Ozon Holdings plc, ADR *		6		232
Polyus PJSC, GDR		18		1,789
Sberbank of Russia PJSC (1)		282		1,035
Yandex NV, Class A *		9		655
				5,628
Saudi Arabia - 0.4%
Leejam Sports Co. JSC *		14		287
South Africa - 2.2%
FirstRand Ltd.		212		735
Foschini Group Ltd. (The) *		101		705
				1,440
South Korea - 12.1%
Big Hit Entertainment Co. Ltd. *(1)		3		507
Samsung Biologics Co. Ltd. *(1)		2		1,202
Samsung Electronics Co. Ltd. (1)		77		5,788
Shinhan Financial Group Co. Ltd. (1)		20		582
				8,079
Taiwan - 15.2%
E Ink Holdings, Inc.		737		1,201
MediaTek, Inc.		60		1,590

Artisan Sustainable Emerging Markets Fund

Schedule of Investments (continued)

December 31, 2020 (Unaudited)

Shares and dollar values in thousands

Sea Ltd., ADR *	3		594
Sunny Friend Environmental Technology Co. Ltd.	128		1,061
Taiwan Semiconductor Manufacturing Co. Ltd.	304		5,728
			10,174
Thailand - 0.4%
Bangkok Bank PCL (1)	69		274
Total common stocks (Cost $43,195)			65,198
SHORT-TERM INVESTMENTS - 2.7%
INVESTMENT COMPANIES - 2.7%
BlackRock Liquidity Funds Treasury Trust Fund - Institutional Class, 0.01%	608		608
Federated Treasury Obligations Fund - Institutional Class, 0.01%	591		591
Fidelity Investments Money Market Treasury Portfolio - Institutional Class, 0.01%	591		591
Total short-term investments (Cost $1,790)			1,790
Total investments - 100.3% (Cost $44,985)			66,988
Other assets less liabilities - (0.3)%			(198	)
Total net assets - 100.0% (3)		$	66,790

^*   Non-income producing security.

⁽¹⁾  Valued at a fair value in accordance with procedures established by the board of directors of Artisan Partners Funds. In total, securities valued at a fair value were $15,855, or 23.7% of total net assets. See notes (A) and (B) in the accompanying notes.

⁽²⁾  Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.

⁽³⁾  Percentages for the various classifications relate to total net assets.

Company names are as reported by a data service provider and in some cases are translations; a company’s legal name may be different.

Abbreviations
ADR	American Depositary Receipt
GDR	Global Depositary Receipt
Preference	A special type of equity investment that shares in the earnings of the company and may have a dividend preference. Preference shares may also have liquidation preference.

Artisan Sustainable Emerging Markets Fund

Schedule of Investments (continued)

December 31, 2020 (Unaudited)

PORTFOLIO DIVERSIFICATION

Dollar values in thousands

	Value		Percentage of Total  Investments
Communication Services	$	3,838		5.7	%
Consumer Discretionary		14,825		22.1
Consumer Staples		1,467		2.2
Energy		3,125		4.7
Financials		10,250		15.3
Health Care		4,283		6.4
Industrials		7,668		11.5
Information Technology		15,648		23.3
Materials		4,094		6.1
Short-Term Investments		1,790		2.7
Total investments	$	66,988		100.0	%

TRADING CURRENCIES

Dollar values in thousands

	Value		Percentage of Total Investments
Brazilian real	$	3,843		5.7	%
Chilean peso		946		1.4
Chinese yuan renminbi offshore		2,149		3.2
Colombian peso		534		0.8
Euro		3,627		5.4
Hong Kong dollar		6,091		9.1
Indian rupee		5,691		8.5
Indonesian rupiah		1,144		1.7
Korean won		8,079		12.1
Malaysian ringgit		705		1.1
Mexican peso		1,213		1.8
New Taiwan dollar		9,580		14.3
Saudi riyal		287		0.4
South African rand		1,440		2.2
Thai baht		274		0.4
U.S. dollar		21,385		31.9
Total investments	$	66,988		100.0	%

See notes to N-PORT Part F.

Artisan Value Fund

Schedule of Investments

December 31, 2020 (Unaudited)

Shares and dollar values in thousands

	Shares Held		Value
COMMON STOCKS - 98.6%
Aerospace & Defense - 8.0%
Airbus SE *(1)		87	$	9,493
Northrop Grumman Corp.		26		7,909
Raytheon Technologies Corp.		119		8,516
				25,918
Air Freight & Logistics - 4.1%
FedEx Corp.		51		13,347
Auto Components - 1.8%
Cie Generale des Etablissements Michelin SCA (1)		45		5,760
Biotechnology - 1.5%
AbbVie, Inc.		44		4,728
Capital Markets - 11.3%
Blackstone Group, Inc. (The), Class A		100		6,509
CME Group, Inc.		36		6,559
Goldman Sachs Group, Inc. (The)		42		11,136
Morgan Stanley		178		12,170
				36,374
Chemicals - 1.7%
Celanese Corp.		43		5,578
Communications Equipment - 2.6%
Cisco Systems, Inc.		188		8,430
Consumer Finance - 2.6%
Synchrony Financial		244		8,455
Diversified Financial Services - 4.6%
Berkshire Hathaway, Inc., Class B *		64		14,744
Energy Equipment & Services - 2.0%
Schlumberger NV		293		6,399
Entertainment - 1.9%
Electronic Arts, Inc.		42		6,064
Health Care Equipment & Supplies - 2.5%
Medtronic plc		68		7,963
Health Care Providers & Services - 3.9%
Cigna Corp.		21		4,271
Fresenius Medical Care AG & Co. KGaA (1)(2)		101		8,402
				12,673
Hotels, Restaurants & Leisure - 5.9%
Compass Group plc (1)		571		10,635
Marriott International, Inc., Class A		65		8,547
				19,182
Insurance - 2.9%
Arch Capital Group Ltd. *		264		9,506
Interactive Media & Services - 7.2%
Alphabet, Inc., Class C *		10		18,013
Facebook, Inc., Class A *		19		5,235
				23,248
Internet & Direct Marketing Retail - 4.6%
Booking Holdings, Inc. *		7		14,673
Machinery - 0.8%
Otis Worldwide Corp.		40		2,717
Media - 4.2%
Comcast Corp., Class A		256		13,417
Oil, Gas & Consumable Fuels - 1.8%
EOG Resources, Inc.		115		5,715
Pharmaceuticals - 2.2%
Sanofi(1)		75		7,208
Semiconductors & Semiconductor Equipment - 2.4%
NXP Semiconductors NV (1)		49		7,794
Software - 2.0%
Oracle Corp.		99		6,412
Specialty Retail - 2.0%
AutoNation, Inc. *		94		6,584
Technology Hardware, Storage & Peripherals - 4.0%
Samsung Electronics Co. Ltd. (Preference) (1)(2)		190		12,902
Tobacco - 6.9%
Altria Group, Inc.		188		7,703
Philip Morris International, Inc.		105		8,686
Swedish Match AB (1)(2)		74		5,717
				22,106
Trading Companies & Distributors - 3.2%
Air Lease Corp.		233		10,367
Total common stocks (Cost $210,051)				318,264
SHORT-TERM INVESTMENTS - 1.5%
INVESTMENT COMPANIES - 1.5%
BlackRock Liquidity Funds Treasury Trust Fund - Institutional Class, 0.01%		1,601		1,601
Federated Treasury Obligations Fund - Institutional Class, 0.01%		1,554		1,554
Fidelity Investments Money Market Treasury Portfolio - Institutional Class, 0.01%		1,554		1,554
Total short-term investments (Cost $4,709)				4,709
Total investments - 100.1% (Cost $214,760)				322,973
Other assets less liabilities - (0.1%)				(296	)
Total net assets - 100.0% (3)			$	322,677

Artisan Value Fund

Schedule of Investments (continued)

December 31, 2020 (Unaudited)

^*  Non-income producing security.

⁽¹⁾  The Fund considers the company to be from outside the United States. See the Fund’s Statement of Additional Information for a description of the methodology used for country classifications.

Security	Country	Trading Currency
Airbus SE	France	Euro
Cie Generale des Etablissements Michelin SCA	France	Euro
Compass Group plc	United Kingdom	British pound
Fresenius Medical Care AG & Co. KGaA	Germany	Euro
NXP Semiconductors NV	Netherlands	U.S. dollar
Samsung Electronics Co. Ltd. (Preference)	South Korea	Korean won
Sanofi	France	Euro
Swedish Match AB	Sweden	Swedish krona

⁽²⁾  Valued at a fair value in accordance with procedures established by the board of directors of Artisan Partners Funds. In total, securities valued at a fair value were $27,021, or 8.4% of total net assets. See notes (A) and (B) in the accompanying notes.

⁽³⁾  Percentages for the various classifications relate to total net assets.

Company names are as reported by a data service provider and in some cases are translations; a company’s legal name may be different.

Definition
Preference	A special type of equity investment that shares in the earnings of the company and may have a dividend preference. Preference shares may also have liquidation preference.

PORTFOLIO DIVERSIFICATION

Dollar values in thousands

	Value		Percentage of Total  Investments
Communication Services	$	42,729		13.2	%
Consumer Discretionary		46,199		14.3
Consumer Staples		22,106		6.8
Energy		12,114		3.8
Financials		69,079		21.4
Health Care		32,572		10.1
Industrials		52,349		16.2
Information Technology		35,538		11.0
Materials		5,578		1.7
Short-Term Investments		4,709		1.5
Total investments	$	322,973		100.0	%

Artisan Value Fund

Schedule of Investments (continued)

December 31, 2020 (Unaudited)

TRADING CURRENCIES

Dollar values in thousands

	Value		Percentage of Total Investments
British pound	$	10,635		3.3	%
Euro		30,863		9.5
Korean won		12,902		4.0
Swedish krona		5,717		1.8
U.S. dollar		262,856		81.4
Total investments	$	322,973		100.0	%

See notes to N-PORT Part F.

ARTISAN PARTNERS FUNDS

Notes to N-PORT Part F – December 31, 2020 (UNAUDITED)

As of December 31, 2020, Artisan Partners Funds, Inc. (“Artisan Partners Funds”) is a series company comprised of sixteen series and follows specialized accounting and reporting under FASB Accounting Standards Codification Topic 946, Financial Services – Investment Companies

(A) Valuation:

The net asset value (“NAV”) of the shares of each class of each Fund was determined as of the close of regular session trading on the New York Stock Exchange (“NYSE”) (usually 4:00 p.m., Eastern Time) each day the NYSE was open for regular session trading. For financial reporting purposes, information available subsequent to the close of NYSE trading and up to the date of the financial statements was considered in determining a fair value for investments held in each Fund and the resulting NAV presented.

In determining each Fund’s NAV for financial reporting purposes, each equity security and exchange traded fund (“ETF”) traded on a securities exchange, including the Nasdaq Stock Market, or over-the-counter was valued at the closing price on the exchange or market designated by the Funds’ accounting agent or pricing vendor as the principal exchange (each, a “principal exchange”). The closing price provided by the pricing vendor for an exchange may differ from the price quoted elsewhere and may represent information such as last sales price, an official closing price, a closing auction price or other information, depending on exchange or market convention.

Absent closing price information for an equity security from the principal exchange, the security was valued using (i) the closing price on another exchange on which the security traded (if such price was made available by a pricing vendor) or (ii) the most recent bid quotation on the principal exchange or, if such bid was not available, from a secondary exchange or in the over-the-counter market. Equity-linked securities, such as participation certificates, participation notes or access notes, are valued by referencing the underlying security if market quotations are not readily available. Exchange traded option contracts were valued at the mid price (average of the bid price and ask price) as provided by the pricing vendor at the close of trading on the contract’s principal exchange. Exchange traded futures contracts were valued at the settlement price as provided by the pricing vendor at the close of trading on the principal exchange. Shares of open-end investment companies were valued at the latest net asset value reported by the investment company.

Fixed income securities were valued at market value. Market values were generally evaluations based on the judgment of the Funds’ pricing vendors, which may consider, among other factors, the prices at which securities actually trade, broker-dealer quotations, pricing formulas, estimates of market values obtained from yield data relating to investments or securities with similar characteristics and/or discounted cash flow models that might be applicable.

Securities or other assets for which market quotations were not readily available were valued by the Funds’ valuation committee at a fair value determined in good faith under procedures established by and under the general supervision of the board of

Notes to N-PORT Part F – December 31, 2020 (UNAUDITED) - (continued)

directors of the Funds. A market quotation was considered to be not readily available, and a Fund therefore used fair value pricing, if, among other things, there were no quotations, pricing data was not provided by an approved pricing vendor, the valuation committee believed that the quotation, price or market value resulting from the Funds’ valuation procedures did not reflect a fair value of the security or asset, or the value of the security or asset might have been materially affected by events occurring after the close of the market in which the security or asset was principally traded but before the time for determination of NAV (a “subsequent event”). A subsequent event could include a company-specific development, a development that might affect an entire market or region, a potentially global development or a significant change in values of market indices, ETFs or other financial instruments in the U.S. or other markets. The Funds monitored for subsequent events using several tools. In fair valuing non-U.S. equity securities and equity-linked securities, the Funds have used adjustment factors provided by a third party valuation service when there were subsequent events or expected or unexpected market closures. The third party valuation service utilized statistical data based on historical performance of securities, markets and other data in developing factors used to estimate a fair value.

When fair value pricing is employed, the value of a security or asset used by a Fund to calculate its NAV could differ from quoted or published prices for the same security or asset. Estimates of fair values utilized by the Funds as described above could differ from the value realized on the sale of those securities or assets in the future and the differences could be material to the NAV of the applicable Fund.

Securities and other assets and liabilities denominated in a foreign currency were translated into U.S. dollars using spot market rate of exchange as of the time of determination of each Fund’s NAV on the day of valuation

(B) Fair value measurements:

Under US GAAP for fair value measurement, accounting standards clarify the definition of fair value for financial reporting, establish a framework for measuring fair value and require additional disclosures about the use of fair value measurements. In accordance with this standard, fair value is defined as the price that each Fund would receive upon selling an investment in an orderly transaction to an independent buyer in the principal or most advantageous market of the investment. The standard establishes a three-tier hierarchy to distinguish between (1) inputs that reflect the assumptions market participants would use in

Notes to N-PORT Part F – December 31, 2020 (UNAUDITED) - (continued)

pricing an asset or liability developed based on the market data obtained from sources independent of the reporting entity (observable inputs) and (2) inputs that reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing an asset or liability developed based on the best information available in the circumstances (unobservable inputs) and to establish classification of fair value measurements for disclosure purposes. Various inputs are used in determining the value of the Funds’ investments. The three-tier hierarchy of inputs is summarized in three broad levels:

• Level 1 – unadjusted quoted prices in active markets for identical investments

• Level 2 – other significant observable inputs (including but not limited to quoted prices for similar securities, interest rates, credit risks and securities trading primarily outside the U.S. where the applicable trading market was closed or factors were applied to prices as a result of significant market movements following the close of local trading)

• Level 3 – significant unobservable inputs (including the Funds’ own assumptions in determining a fair value of investments)

The inputs or methodology used for valuing securities are not necessarily an indication of the risk or liquidity associated with investing in those securities. A description of the valuation techniques for the Funds’ major classes of assets are found in Note (A). A description of the fair value leveling techniques is described below:

Equity securities, ETFs, investment companies, exchange traded options contracts and exchange traded futures contracts are generally categorized as Level 1. Bank loans, corporate bonds, equity-linked securities, foreign currency forward contracts, foreign equity securities in which the closing price or bid quotation are adjusted for significant events, or local market holidays or other unscheduled market closures, are generally categorized as Level 2. Securities fair valued in good faith by the valuation committee are generally categorized as Level 2 or 3, depending on the observability of the inputs utilized.

The following table summarizes each Fund’s investments by major security type, based on the inputs used to determine their fair values as of December 31 , 2020 (in thousands):

Fund	Level 1 - Unadjusted Quoted Prices			Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Total
Developing World
Common Stocks (1)
Developed Markets	$	3,521,185		$	—	$	—	$	3,521,185
Emerging Asia		3,904,709			—		—		3,904,709
Europe, Middle East & Africa		154,351			—		—		154,351
Latin America		603,694			—		—		603,694
Investment Companies		45,227			—		—		45,227
Total Investments	$	8,229,166		$	—	$	—	$	8,229,166
Focus
Common Stocks (1)	$	1,478,190		$	—	$	—	$	1,478,190
Options Purchased		276,836			—		—		276,836
Investment Companies		56,382			—		—		56,382
Total Investments		1,811,408			—		—		1,811,408
Written Option Contract		(28,695	)		—				(28,695	)
Total	$	1,782,713		$	—	$	—	$	1,782,713
Global Discovery
Common Stocks (1)
Americas	$	158,557		$	—	$	—	$	158,557
Emerging Markets		12,236			4,655		—		16,891
Europe		32,039			45,255		—		77,294
Pacific Basin		7,267			9,902		—		17,169
Investment Companies		9,925			—		—		9,925
Total Investments	$	220,024		$	59,812	$	—	$	279,836
Global Equity
Common Stocks (1)
Americas	$	153,640		$	—	$	—	$	153,640
Emerging Markets		28,325			3,559		—		31,884
Europe		41,777			44,099		—		85,876
Pacific Basin		6,631			15,834		—		22,465
Investment Companies		4,285			—		—		4,285
Total Investments	$	234,658		$	63,492	$	—	$	298,150
Global Opportunities
Common Stocks (1)
Americas	$	2,577,709		$	—	$	—	$	2,577,709
Emerging Markets		165,808			115,968		—		281,776
Europe		766,163			851,777		—		1,617,940
Pacific Basin		321,593			171,797		—		493,390
Investment Companies		211,479			—		—		211,479
Total Investments	$	4,042,752		$	1,139,542	$	—	$	5,182,294

Notes to N-PORT Part F – December 31, 2020 (UNAUDITED) - (continued)

Global Value
Common Stocks (1)
Americas	$	1,055,751		$	—		$	—		$	1,055,751
Emerging Markets		113,828			136,030			—			249,858
Europe		393,212			340,196			—			733,408
Warrant
Europe		—			482			—			482
Investment Companies		123,359			—			—			123,359
Total Investments	$	1,686,150		$	476,708		$	—		$	2,162,858
High Income
Corporate Bonds (1)	$	—		$	3,846,064		$	—		$	3,846,064
Bank Loans (1)		—			1,492,170			—			1,492,170
Convertible Bonds (1)		—			6,506			—			6,506
Preferred Stock (1)		—			—			—	(3)		—
Common Stock (1)		—			26,569			—	(3)		26,569
Investment Companies		428,404			—			—			428,404
Total Investments		428,404			5,371,309			—	(3)		5,799,713
Foreign Currency Forward Contracts (2)		—			(350	)		—			(350	)
Futures (2)		(60	)		—			—			(60	)
Total	$	428,344		$	5,370,959		$	—	(3)	$	5,799,303
International
Common Stocks and Equity-Linked Security (1)
Americas	$	1,333,953		$	—		$	—		$	1,333,953
Emerging Markets		1,419,718			248,490			—			1,668,208
Europe		2,083,514			3,694,309			—			5,777,823
Middle East		363,796			—			—			363,796
Pacific Basin		397,698			345,125			—			742,823
Investment Companies		203,050			—			—			203,050
Total Investments	$	5,801,729		$	4,287,924		$	—		$	10,089,653
International Small-Mid
Common Stocks (1)
Americas	$	912,239		$	—		$	—		$	912,239
Emerging Markets		196,876			102,068			—			298,944
Europe		1,164,024			1,433,848			—			2,597,872
Middle East		382,171			—			—			382,171
Pacific Basin		31,260			828,549			—			859,809
Investment Companies		187,833			—			—			187,833
Total Investments	$	2,874,403		$	2,364,465		$	—		$	5,238,868
International Value
Common Stocks and Equity-Linked Security (1)
Americas	$	1,747,269		$	174,770		$	—		$	1,922,039
Emerging Markets		1,862,524			2,012,409			—			3,874,933
Europe		4,729,206			4,347,241			—			9,076,447
Pacific Basin		—			166,692			—			166,692
Warrant
Europe		—			3,498			—			3,498
Investment Companies		1,229,451			—			—			1,229,451
Total Investments		9,568,450			6,704,610			—			16,273,060
Foreign Currency Forward Contracts (2)		—			(21,319	)		—			(21,319	)
Total	$	9,568,450		$	6,683,291		$	—		$	16,251,741
Mid Cap
Common Stocks (1)	$	7,294,364		$	251,496		$	—		$	7,545,860
Investment Companies		269,942			—			—			269,942
Total Investments	$	7,564,306		$	251,496		$	—		$	7,815,802
Mid Cap Value
Common Stocks (1)	$	1,860,675		$	—		$	—		$	1,860,675
Investment Companies		60,256			—			—			60,256
Total Investments	$	1,920,931		$	—		$	—		$	1,920,931
Select Equity
Common Stocks (1)	$	12,288		$	2,462		$	—		$	14,750
Warrant		—			4						4
Investment Companies		1,098			—			—			1,098
Total Investments	$	13,386		$	2,466		$	—		$	15,852
Small Cap
Common Stocks (1)	$	3,844,210		$	—		$	—		$	3,844,210
Investment Companies		164,323			—			—			164,323
Total Investments	$	4,008,533		$	—		$	—		$	4,008,533
Sustainable Emerging Markets
Common Stocks (1)
Developed Markets	$	2,434		$	—		$	—	(3)	$	2,434
Emerging Asia		32,635			9,497			—			42,132
Europe, Middle East & Africa		7,793			1,035			—			8,828
Latin America		6,481			5,323			—			11,804
Investment Companies		1,790			—			—			1,790
Total Investments	$	51,133		$	15,855		$	—	(3)	$	66,988
Value
Common Stocks (1)	$	291,243		$	27,021		$	—		$	318,264
Investment Companies		4,709			—			—			4,709
Total Investments	$	295,952		$	27,021		$	—		$	322,973

⁽¹⁾   See the Fund’s Schedule of Investments for industry or country classifications.

⁽²⁾  Foreign currency forward contracts are valued at unrealized appreciation (depreciation). Amounts shown above are shown as net unrealized appreciation (depreciation). See the Fund’s Schedule of Investments for additional detail.

⁽³⁾  Valued at $0.

Notes to N-PORT Part F – December 31, 2020 (UNAUDITED) - (continued)

Information about Level 3 fair value measurements (dollar values in thousands):

Assets	Fair Value at December 31, 2020			Unobservable Input(s)	Impact to Fair Value from an Increase in Input
High Income Fund
Preferred Stock	$	—	(1)	100% discount for lack of expected recovery		N/A
Sustainable Emerging Markets Fund
Common Stock	$	—	(1)	Last quote in inactive market less 100% discount		N/A

⁽¹⁾   Includes one or more securities valued at $0.

Notes to N-PORT Part F – December 31, 2020 (UNAUDITED) - (continued)

As of December 31, 2020, the reconciliation of assets in which significant unobservable inputs (Level 3) were used in determining fair value is as follows (in thousands):

	High Income Fund			Sustainable Emerging Markets  Fund
Balance as of September 30, 2020	$	—	(1)	$	—	(1)
Transfers into Level 3		—			—
Net change in unrealized appreciation (depreciation)		957			—
Purchases		—			—
Sales		—			—
Accrued Amortization		—
Realized Gain/Loss		(957	)		—
Transfers out of Level 3		—			—
Balance as of December 31, 2020	$	—	(1)	$	—	(1)
Net change in unrealized appreciation (depreciation) for investments held as of December 31, 2020	$	—		$	—

⁽¹⁾   Includes one or more securities valued at $0.

Notes to N-PORT Part F – December 31, 2020 (UNAUDITED) - (concluded)

(C) Transactions in securities of affiliates:

The table below shows information about securities of Fund “affiliates” (as defined below) that were held by a Fund, purchased or sold by a Fund, or from which dividends were received by a Fund during the period ended December 31, 2020 (shares and dollar values in thousands). Each Fund identifies a company as an affiliate for the purpose of this report if the Fund owned voting securities that it believed represented 5% or more of that company’s outstanding voting securities (as defined by the 1940 Act) during the period ended December 31, 2020.

Transactions in securities of affiliates:

	As of 09/30/2020													As of 12/31/2020
Fund Security	Shares Balance		Value		Purchases at Cost		Proceeds from Sales		Net Realized Gain (Loss)		Net Increase (Decrease)  in Unrealized Appreciation  or Depreciation			Share Balance		Value			Dividend Income@
International Security Small-Mid Fund
AIXTRON SE*(2)		4,264	$	51,485	$	18,352	$	—	$	—	$	29,186			5,681	$	99,023	(1)	$	—
Codemasters Group Holdings plc*(2)		7,145		33,704		10,610						36,560			9,043		80,874
Intersect ENT, Inc.*(2)		1,256		20,484		16,081						10,511			2,056		47,076
Raccoon Holdings, Inc.		1,361		27,433		6,731		—		—		(6,018	)		1,697		28,146	(1)		103
Temairazu, Inc.(2)		271		14,479		3,045						(1,262	)		327		16,262	(1)		38
ViewRay, Inc.*(2)		6,024		21,083		9,288		—		—		2,773			8,676		33,144
Total#			$	168,668	$	64,107	$	—	$	—	$	71,750				$	304,525		$	141

@ Net of foreign taxes withheld, if any.

* Non-income producing security.

# Total value as of December 31, 2020 is presented only for those issuers that were affiliates as of December 31, 2020.

⁽¹⁾  Valued at a fair value in accordance with procedures established by the board of directors of Artisan Partners Funds. See notes (A) and (B) in the accompanying notes.

⁽²⁾  Issue was not an affiliate as of September 30, 2020.