Artisan Developing World Fund
Schedule of Investments
June 30, 2021 (Unaudited)
Shares and dollar values in thousands
| | | | | | | | |
| | Shares Held | | | Value | |
COMMON STOCKS - 98.1% | |
|
Argentina - 5.2% | |
MercadoLibre, Inc. * | | | 320 | | | $ | 498,722 | |
| | | | | | | | |
|
Brazil - 2.2% | |
StoneCo Ltd., Class A * | | | 3,183 | | | | 213,482 | |
| | | | | | | | |
|
China - 33.7% | |
Aier Eye Hospital Group Co. Ltd., Class A | | | 19,757 | | | | 217,031 | |
Alibaba Group Holding Ltd., ADR * | | | 1,728 | | | | 391,942 | |
Bilibili, Inc., ADR * | | | 3,936 | | | | 479,619 | |
JD Health International, Inc. * | | | 7,718 | | | | 110,640 | |
KE Holdings, Inc., ADR * | | | 3,806 | | | | 181,451 | |
Kweichow Moutai Co. Ltd., Class A | | | 943 | | | | 300,221 | |
Meituan, Class B * | | | 10,673 | | | | 440,430 | |
Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Class A | | | 2,818 | | | | 209,342 | |
Tencent Holdings Ltd. | | | 5,521 | | | | 415,268 | |
Wuxi Biologics Cayman, Inc. * | | | 22,789 | | | | 417,668 | |
Zhangzhou Pientzehuang Pharmaceutical Co. Ltd., Class A | | | 1,476 | | | | 102,386 | |
| | | | | | | | |
| | | | | | | 3,265,998 | |
| | | | | | | | |
|
France - 3.3% | |
Hermes International | | | 66 | | | | 96,659 | |
LVMH Moet Hennessy Louis Vuitton SE | | | 284 | | | | 222,883 | |
| | | | | | | | |
| | | | | | | 319,542 | |
| | | | | | | | |
|
India - 3.1% | |
HDFC Bank Ltd., ADR * | | | 4,061 | | | | 296,918 | |
| | | | | | | | |
|
Netherlands - 7.4% | |
Adyen NV * | | | 171 | | | | 416,623 | |
ASML Holding NV, NYRS | | | 428 | | | | 295,507 | |
| | | | | | | | |
| | | | | | | 712,130 | |
| | | | | | | | |
|
Russia - 1.0% | |
Yandex NV, Class A * | | | 1,384 | | | | 97,930 | |
| | | | | | | | |
|
Taiwan - 5.7% | |
Sea Ltd., ADR * | | | 2,022 | | | | 555,227 | |
| | | | | | | | |
|
United Kingdom - 3.9% | |
Farfetch Ltd., Class A * | | | 7,500 | | | | 377,680 | |
| | | | | | | | |
|
United States - 32.6% | |
Airbnb, Inc., Class A * | | | 2,953 | | | | 452,215 | |
Estee Lauder Cos., Inc. (The), Class A | | | 718 | | | | 228,316 | |
Netflix, Inc. * | | | 428 | | | | 226,096 | |
NVIDIA Corp. | | | 566 | | | | 452,959 | |
Uber Technologies, Inc. * | | | 7,653 | | | | 383,566 | |
Unity Software, Inc. * | | | 3,721 | | | | 408,668 | |
Veeva Systems, Inc., Class A * | | | 1,268 | | | | 394,312 | |
Visa, Inc., Class A | | | 2,590 | | | | 605,503 | |
| | | | | | | | |
| | | | | | | 3,151,635 | |
| | | | | | | | |
Total common stocks (Cost $5,425,972) | | | | | | | 9,489,264 | |
| | | | | |
| | |
SHORT-TERM INVESTMENTS - 1.5% | | | | | | | | |
| | |
INVESTMENT COMPANIES - 1.5% | | | | | | | | |
BlackRock Liquidity Funds Treasury Trust Fund - Institutional Class, 0.01% | | | 48,713 | | | | 48,713 | |
Federated Treasury Obligations Fund - Institutional Class, 0.01% | | | 47,281 | | | | 47,281 | |
Fidelity Investments Money Market Treasury Portfolio - Institutional Class, 0.01% | | | 47,281 | | | | 47,281 | |
| | | | | | | | |
| | |
Total short-term investments (Cost $143,275) | | | | | | | 143,275 | |
| | | | | |
| | |
Total investments - 99.6% (Cost $5,569,247) | | | | | | | 9,632,539 | |
| | |
Other assets less liabilities - 0.4% | | | | | | | 43,811 | |
| | | | | |
| | |
Total net assets - 100.0%(1) | | | | | | $ | 9,676,350 | |
| | | | | |
* | 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 | | $ | 1,774,140 | | | | 18.4 | % |
Consumer Discretionary | | | 2,591,171 | | | | 26.9 | |
Consumer Staples | | | 528,537 | | | | 5.5 | |
Financials | | | 296,918 | | | | 3.1 | |
Health Care | | | 1,340,739 | | | | 13.9 | |
Industrials | | | 383,566 | | | | 4.0 | |
Information Technology | | | 2,392,742 | | | | 24.8 | |
Real Estate | | | 181,451 | | | | 1.9 | |
Short-Term Investments | | | 143,275 | | | | 1.5 | |
| | | | | | | | |
Total investments | | $ | 9,632,539 | | | | 100.0 | % |
| | | | | | | | |
TRADING CURRENCIES
Dollar values in thousands
| | | | | | | | |
| | Value | | | Percentage of Total Investments | |
Chinese yuan renminbi offshore | | $ | 828,980 | | | | 8.6 | % |
Euro | | | 736,165 | | | | 7.6 | |
Hong Kong dollar | | | 1,384,006 | | | | 14.4 | |
U.S. dollar | | | 6,683,388 | | | | 69.4 | |
| | | | | | | | |
Total investments | | $ | 9,632,539 | | | | 100.0 | % |
| | | | | | | | |
See notes to N-PORT Part F.
Artisan Focus Fund
Schedule of Investments
June 30, 2021 (Unaudited)
Shares and dollar values in thousands
| | | | | | | | |
| | Shares Held | | | Value | |
COMMON STOCKS - 84.9% | |
|
Aerospace & Defense - 2.0% | |
Airbus SE *(1) | | | 172 | | | $ | 22,057 | |
TransDigm Group, Inc. * | | | 34 | | | | 22,015 | |
| | | | | | | | |
| | | | | | | 44,072 | |
| | | | | | | | |
|
Building Products - 5.0% | |
Johnson Controls International plc | | | 1,613 | | | | 110,716 | |
| | | | | | | | |
|
Capital Markets - 3.2% | |
BlackRock, Inc. | | | 80 | | | | 69,934 | |
| | | | | | | | |
|
Chemicals - 5.0% | |
Linde plc(1) | | | 384 | | | | 111,037 | |
| | | | | | | | |
|
Communications Equipment - 3.0% | |
Cisco Systems, Inc. | | | 1,244 | | | | 65,948 | |
| | | | | | | | |
|
Construction Materials - 3.4% | |
Martin Marietta Materials, Inc. | | | 173 | | | | 60,780 | |
Vulcan Materials Co. | | | 77 | | | | 13,375 | |
| | | | | | | | |
| | | | | | | 74,155 | |
| | | | | | | | |
|
Consumer Finance - 5.0% | |
American Express Co. | | | 401 | | | | 66,273 | |
Synchrony Financial | | | 893 | | | | 43,321 | |
| | | | | | | | |
| | | | | | | 109,594 | |
| | | | | | | | |
|
Electronic Equipment, Instruments & Components - 1.0% | |
CDW Corp. | | | 127 | | | | 22,237 | |
| | | | | | | | |
|
Equity Real Estate Investment Trusts (REITs) - 4.3% | |
American Tower Corp. | | | 229 | | | | 61,900 | |
SBA Communications Corp. | | | 106 | | | | 33,922 | |
| | | | | | | | |
| | | | | | | 95,822 | |
| | | | | | | | |
|
Hotels, Restaurants & Leisure - 2.3% | |
Booking Holdings, Inc. * | | | 10 | | | | 22,050 | |
Hilton Worldwide Holdings, Inc. * | | | 230 | | | | 27,786 | |
| | | | | | | | |
| | | | | | | 49,836 | |
| | | | | | | | |
|
Industrial Conglomerates - 2.5% | |
Roper Technologies, Inc. | | | 117 | �� | | | 54,946 | |
| | | | | | | | |
|
Insurance - 2.5% | |
Aon plc, Class A | | | 229 | | | | 54,601 | |
| | | | | | | | |
|
Interactive Media & Services - 6.3% | |
Facebook, Inc., Class A * | | | 402 | | | | 139,849 | |
| | | | | | | | |
|
IT Services - 4.1% | |
Fidelity National Information Services, Inc. | | | 635 | | | | 89,932 | |
| | | | | | | | |
|
Life Sciences Tools & Services - 1.0% | |
Agilent Technologies, Inc. | | | 151 | | | | 22,279 | |
| | | | | | | | |
|
Machinery - 2.0% | |
Otis Worldwide Corp. | | | 538 | | | | 43,956 | |
| | | | | | | | |
|
Professional Services - 3.6% | |
IHS Markit Ltd. | | | 708 | | | | 79,743 | |
| | | | | | | | |
|
Real Estate Management & Development - 2.5% | |
CBRE Group, Inc., Class A * | | | 644 | | | | 55,198 | |
| | | | | | | | |
|
Road & Rail - 1.0% | |
Old Dominion Freight Line, Inc. | | | 86 | | | | 21,884 | |
| | | | | | | | |
|
Semiconductors & Semiconductor Equipment - 8.8% | |
Advanced Micro Devices, Inc. * | | | 380 | | | | 35,700 | |
Analog Devices, Inc. | | | 795 | | | | 136,795 | |
Micron Technology, Inc. * | | | 266 | | | | 22,566 | |
| | | | | | | | |
| | | | | | | 195,061 | |
| | | | | | | | |
|
Software - 12.9% | |
Intuit, Inc. | | | 148 | | | | 72,366 | |
Microsoft Corp. | | | 542 | | | | 146,949 | |
ServiceNow, Inc. * | | | 121 | | | | 66,261 | |
| | | | | | | | |
| | | | | | | 285,576 | |
| | | | | | | | |
|
Specialty Retail - 1.0% | |
Ulta Beauty, Inc. * | | | 63 | | | | 21,622 | |
| | | | | | | | |
|
Wireless Telecommunication Services - 2.5% | |
T-Mobile US, Inc. * | | | 382 | | | | 55,280 | |
| | | | | | | | |
Total common stocks (Cost $1,628,537) | | | | | | | 1,873,278 | |
| | | | | | | | |
| | |
| | No. of Contracts‡ | | | | |
|
OPTIONS PURCHASED - 0.5% | |
|
Call Options - 0.5% | |
Communications Equipment - 0.1% | |
Cisco Systems, Inc. 10/15/2021 at USD 52.50; Notional Amount: USD 75,737 | | | 14,290 | | | | 3,551 | |
| | | | | | | | |
|
Software - 0.4% | |
Microsoft Corp. 10/15/2021 at USD 270.00; Notional Amount: USD 109,769 | | | 4,052 | | | | 5,237 | |
ServiceNow, Inc. 11/19/2021 at USD 570.00; Notional Amount: USD 42,975 | | | 782 | | | | 3,007 | |
| | | | | | | | |
| | | | | | | 8,244 | |
| | | | | | | | |
| | |
Total call options | | | | | | | 11,795 | |
| | | | | | | | |
| | |
Total Options Purchased (Cost $11,627) | | | | | | | 11,795 | |
| | | | | | | | |
| | |
| | Shares Held | | | | |
|
SHORT-TERM INVESTMENTS - 11.4% | |
|
INVESTMENT COMPANIES - 11.4% | |
BlackRock Liquidity Funds Treasury Trust Fund - Institutional Class, 0.01% | | | 85,363 | | | | 85,363 | |
Federated Treasury Obligations Fund - Institutional Class, 0.01% | | | 82,853 | | | | 82,853 | |
Fidelity Investments Money Market Treasury Portfolio - Institutional Class, 0.01% | | | 82,852 | | | | 82,852 | |
| | | | | | | | |
| |
Total short-term investments (Cost $251,068) | | | | 251,068 | |
| | | | | |
Artisan Focus Fund
Schedule of Investments (continued)
June 30, 2021 (Unaudited)
Shares and dollar values in thousands
| | | | |
| | Value | |
Total investments - 96.8% (Cost $1,891,232) | | $ | 2,136,141 | |
| |
Other assets less liabilities - 3.2% | | | 71,745 | |
| | | | |
| |
Total net assets - 100.0%(2) | | $ | 2,207,886 | |
| | | | |
* | 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 | |
Airbus SE | | | France | | | | Euro | |
Linde 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.
Abbreviation
Artisan Focus Fund
Schedule of Investments (continued)
June 30, 2021 (Unaudited)
PORTFOLIO DIVERSIFICATION
Dollar values in thousands
| | | | | | | | |
| | |
| | Value | | | Percentage of Total Investments | |
Communication Services | | $ | 195,129 | | | | 9.1 | % |
Consumer Discretionary | | | 71,458 | | | | 3.3 | |
Financials | | | 234,129 | | | | 11.0 | |
Health Care | | | 22,279 | | | | 1.0 | |
Industrials | | | 355,317 | | | | 16.6 | |
Information Technology | | | 670,549 | | | | 31.4 | |
Materials | | | 185,192 | | | | 8.7 | |
Real Estate | | | 151,020 | | | | 7.1 | |
Short-Term Investments | | | 251,068 | | | | 11.8 | |
| | | | | | | | |
Total investments | | $ | 2,136,141 | | | | 100.0 | % |
| | | | | | | | |
TRADING CURRENCIES
Dollar values in thousands
| | | | | | | | |
| | |
| | Value | | | Percentage of Total Investments | |
Euro | | $ | 22,057 | | | | 1.0 | % |
U.S. dollar | | | 2,114,084 | | | | 99.0 | |
| | | | | | | | |
Total investments | | $ | 2,136,141 | | | | 100.0 | % |
| | | | | | | | |
FOREIGN CURRENCY FORWARD CONTRACTS
Values in thousands
| | | | | | | | | | | | | | | | | | | | |
Currency Purchased | | Currency Sold | | | Counterparty | | Settlement Date | | | Unrealized Appreciation (Depreciation) | |
USD | | 73,260 | | | EUR | | | | 60,515 | | | JPM | | | 9/2/2021 | | | $ | 1,423 | |
| | | | | | | | | | | | | | | | | | | | |
Total unrealized appreciation | | | | | | | 1,423 | |
| | | | | | | | | | | | | | | | | | | | |
EUR | | 42,864 | | | USD | | | | 51,228 | | | JPM | | | 9/2/2021 | | | | (336 | ) |
| | | | | | | | | | | | | | | | | | | | |
Total unrealized depreciation | | | | | | | (336 | ) |
| | | | | | | | | | | | | | | | | | | | |
Net unrealized appreciation | | | | | | $ | 1,087 | |
| | | | | | | | | | | | | | | | | | | | |
| | |
EUR | | Euro |
USD | | U.S. dollar |
JPM | | JPMorgan Chase Bank, N.A. |
See notes to N-PORT Part F.
Artisan Global Discovery Fund
Schedule of Investments
June 30, 2021 (Unaudited)
Shares and dollar values in thousands
| | | | | | | | |
| | Shares Held | | | Value | |
COMMON STOCKS - 96.5% | |
|
Brazil - 2.1% | |
Magazine Luiza SA | | | 598 | | | $ | 2,543 | |
Notre Dame Intermedica Participacoes SA | | | 233 | | | | 3,982 | |
| | | | | | | | |
| | | | | | | 6,525 | |
| | | | | | | | |
|
Canada - 0.9% | |
Altus Group Ltd. | | | 63 | | | | 2,915 | |
| | | | | | | | |
|
China - 0.5% | |
Angelalign Technology, Inc. * | | | 30 | | | | 1,540 | |
| | | | | | | | |
|
Denmark - 5.0% | |
Ascendis Pharma A/S, ADR * | | | 52 | | | | 6,778 | |
Genmab A/S * | | | 14 | | | | 5,712 | |
Vestas Wind Systems A/S | | | 86 | | | | 3,339 | |
| | | | | | | | |
| | | | | | | 15,829 | |
| | | | | | | | |
|
Germany - 8.0% | |
CTS Eventim AG & Co. KGaA * | | | 70 | | | | 4,395 | |
E.ON SE | | | 394 | | | | 4,551 | |
Evotec SE * | | | 50 | | | | 2,272 | |
Gerresheimer AG | | | 70 | | | | 7,689 | |
Puma SE | | | 53 | | | | 6,301 | |
| | | | | | | | |
| | | | | | | 25,208 | |
| | | | | | | | |
|
Hong Kong - 2.9% | |
Techtronic Industries Co. Ltd. | | | 517 | | | | 9,036 | |
| | | | | | | | |
|
Japan - 3.5% | |
Hoya Corp. | | | 39 | | | | 5,131 | |
Obic Co. Ltd. | | | 32 | | | | 5,947 | |
| | | | | | | | |
| | | | | | | 11,078 | |
| | | | | | | | |
|
Luxembourg - 2.6% | |
Eurofins Scientific SE * | | | 71 | | | | 8,102 | |
| | | | | | | | |
|
Netherlands - 2.2% | |
Koninklijke DSM NV | | | 36 | | | | 6,809 | |
| | | | | | | | |
|
Spain - 1.5% | |
Banco Bilbao Vizcaya Argentaria SA | | | 741 | | | | 4,591 | |
| | | | | | | | |
|
Switzerland - 2.3% | |
Belimo Holding AG | | | 7 | | | | 3,246 | |
Lonza Group AG | | | 6 | | | | 3,992 | |
| | | | | | | | |
| | | | | | | 7,238 | |
| | | | | | | | |
|
United Kingdom - 2.8% | |
CNH Industrial NV | | | 148 | | | | 2,437 | |
London Stock Exchange Group plc | | | 36 | | | | 3,919 | |
Meggitt plc * | | | 374 | | | | 2,387 | |
| | | | | | | | |
| | | | | | | 8,743 | |
| | | | | | | | |
|
United States - 62.2% | |
Advanced Micro Devices, Inc. * | | | 96 | | | | 9,020 | |
Arista Networks, Inc. * | | | 13 | | | $ | 4,771 | |
Atlassian Corp. plc, Class A * | | | 34 | | | | 8,722 | |
Bentley Systems, Inc., Class B | | | 83 | | | | 5,346 | |
Blackline, Inc. * | | | 40 | | | | 4,495 | |
Boston Scientific Corp. * | | | 247 | | | | 10,551 | |
Burlington Stores, Inc. * | | | 19 | | | | 5,962 | |
Centene Corp. * | | | 57 | | | | 4,149 | |
Ceridian HCM Holding, Inc. * | | | 32 | | | | 3,090 | |
Chegg, Inc. * | | | 45 | | | | 3,753 | |
Cognex Corp. | | | 28 | | | | 2,392 | |
Cree, Inc. * | | | 16 | | | | 1,527 | |
Datadog, Inc., Class A * | | | 42 | | | | 4,322 | |
Dexcom, Inc. * | | | 9 | | | | 3,948 | |
First Republic Bank | | | 44 | | | | 8,234 | |
Fortive Corp. | | | 104 | | | | 7,286 | |
Global Payments, Inc. | | | 64 | | | | 12,045 | |
HubSpot, Inc. * | | | 9 | | | | 5,305 | |
IHS Markit Ltd. | | | 48 | | | | 5,367 | |
Ingersoll Rand, Inc. * | | | 145 | | | | 7,097 | |
IPG Photonics Corp. * | | | 15 | | | | 3,061 | |
Lattice Semiconductor Corp. * | | | 106 | | | | 5,972 | |
Lyft, Inc., Class A * | | | 45 | | | | 2,698 | |
Morningstar, Inc. | | | 20 | | | | 5,122 | |
Nasdaq, Inc. | | | 30 | | | | 5,231 | |
Novanta, Inc. * | | | 28 | | | | 3,753 | |
Skyworks Solutions, Inc. | | | 27 | | | | 5,160 | |
SVB Financial Group * | | | 6 | | | | 3,606 | |
Teledyne Technologies, Inc. * | | | 18 | | | | 7,700 | |
Tradeweb Markets, Inc., Class A | | | 60 | | | | 5,067 | |
Valmont Industries, Inc. | | | 27 | | | | 6,329 | |
Veeva Systems, Inc., Class A * | | | 34 | | | | 10,499 | |
Veracyte, Inc. * | | | 57 | | | | 2,273 | |
Zscaler, Inc. * | | | 16 | | | | 3,375 | |
Zynga, Inc., Class A * | | | 797 | | | | 8,469 | |
| | | | | | | | |
| | | | | | | 195,697 | |
| | | | | | | | |
Total common stocks (Cost $208,036) | | | | 303,311 | |
| | | | | |
|
SHORT-TERM INVESTMENTS - 3.8% | |
|
INVESTMENT COMPANIES - 3.8% | |
BlackRock Liquidity Funds Treasury Trust Fund - Institutional Class, 0.01% | | | 4,097 | | | | 4,097 | |
Federated Treasury Obligations Fund - Institutional Class, 0.01% | | | 3,977 | | | | 3,977 | |
Fidelity Investments Money Market Treasury Portfolio - Institutional Class, 0.01% | | | 3,977 | | | | 3,977 | |
| | | | | | | | |
| |
Total short-term investments (Cost $12,051) | | | | 12,051 | |
| | | | | |
Artisan Global Discovery Fund
Schedule of Investments (continued)
June 30, 2021 (Unaudited)
Shares and dollar values in thousands
| | | | | | | | |
| | | | | Value | |
| | |
Total investments - 100.3% (Cost $220,087) | | | | | | $ | 315,362 | |
| | |
Other assets less liabilities - (0.3)% | | | | | | | (989 | ) |
| | | | | | | | |
| | |
Total net assets - 100.0%(1) | | | | | | $ | 314,373 | |
| | | | | | | | |
* | 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.
Abbreviation
| | |
ADR | | American Depositary Receipt |
PORTFOLIO DIVERSIFICATION
Dollar values in thousands
| | | | | | | | |
| | Value | | | Percentage of Total Investments | |
Communication Services | | $ | 12,864 | | | | 4.1 | % |
Consumer Discretionary | | | 18,559 | | | | 5.9 | |
Financials | | | 35,770 | | | | 11.3 | |
Health Care | | | 76,618 | | | | 24.3 | |
Industrials | | | 56,922 | | | | 18.1 | |
Information Technology | | | 88,303 | | | | 28.0 | |
Materials | | | 6,809 | | | | 2.2 | |
Real Estate | | | 2,915 | | | | 0.9 | |
Utilities | | | 4,551 | | | | 1.4 | |
Short-Term Investments | | | 12,051 | | | | 3.8 | |
| | | | | | | | |
Total investments | | $ | 315,362 | | | | 100.0 | % |
| | | | | | | | |
TRADING CURRENCIES
Dollar values in thousands
| | | | | | | | |
| | Value | | | Percentage of Total Investments | |
Brazilian real | | $ | 6,525 | | | | 2.1 | % |
British pound | | | 6,306 | | | | 2.0 | |
Canadian dollar | | | 2,915 | | | | 0.9 | |
Danish krone | | | 9,051 | | | | 2.9 | |
Euro | | | 47,147 | | | | 15.0 | |
Hong Kong dollar | | | 10,576 | | | | 3.3 | |
Japanese yen | | | 11,078 | | | | 3.5 | |
Swiss franc | | | 7,238 | | | | 2.3 | |
U.S. dollar | | | 214,526 | | | | 68.0 | |
| | | | | | | | |
Total investments | | $ | 315,362 | | | | 100.0 | % |
| | | | | | | | |
See notes to N-PORT Part F.
Artisan Global Equity Fund
Schedule of Investments
June 30, 2021 (Unaudited)
Shares and dollar values in thousands
| | | | | | | | |
| | Shares Held | | | Value | |
COMMON STOCKS AND EQUITY-LINKED SECURITY - 99.6% | |
|
Argentina - 0.4% | |
MercadoLibre, Inc. * | | | 1 | | | $ | 1,240 | |
| | | | | | | | |
|
Belgium - 1.4% | |
UCB SA | | | 47 | | | | 4,957 | |
| | | | | | | | |
|
Canada - 1.9% | |
Canadian Pacific Railway Ltd. | | | 50 | | | | 3,868 | |
Kinaxis, Inc. * | | | 21 | | | | 2,697 | |
| | | | | | | | |
| | | | | | | 6,565 | |
| | | | | | | | |
|
China - 3.9% | |
Chindata Group Holdings Ltd., ADR * | | | 156 | | | | 2,357 | |
Gree Electric Appliances, Inc. of Zhuhai, Class A | | | 264 | | | | 2,126 | |
Midea Group Co. Ltd., Class A | | | 161 | | | | 1,777 | |
New Horizon Health Ltd. * | | | 518 | | | | 5,284 | |
Shanghai Junshi Biosciences Co. Ltd., Class H * | | | 251 | | | | 2,084 | |
| | | | | | | | |
| | | | | | | 13,628 | |
| | | | | | | | |
|
Denmark - 1.1% | |
Ascendis Pharma A/S, ADR * | | | 29 | | | | 3,759 | |
| | | | | | | | |
|
France - 1.1% | |
BNP Paribas SA | | | 52 | | | | 3,288 | |
Tikehau Capital SCA | | | 20 | | | | 629 | |
| | | | | | | | |
| | | | | | | 3,917 | |
| | | | | | | | |
|
Germany - 10.7% | |
AIXTRON SE | | | 220 | | | | 5,965 | |
Allianz SE | | | 13 | | | | 3,264 | |
Auto1 Group SE * | | | 20 | | | | 865 | |
Bayerische Motoren Werke AG | | | 20 | | | | 2,098 | |
Brenntag SE | | | 44 | | | | 4,055 | |
Deutsche Post AG | | | 91 | | | | 6,218 | |
MTU Aero Engines AG | | | 16 | | | | 4,039 | |
Porsche Automobil Holding SE (Preference) | | | 30 | | | | 3,221 | |
Scout24 AG | | | 29 | | | | 2,464 | |
Siemens AG | | | 24 | | | | 3,836 | |
Wacker Neuson SE | | | 48 | | | | 1,387 | |
| | | | | | | | |
| | | | | | | 37,412 | |
| | | | | | | | |
|
Greece - 0.7% | |
JUMBO SA | | | 140 | | | | 2,356 | |
| | | | | | | | |
|
Hong Kong - 1.0% | |
AIA Group Ltd. | | | 278 | | | | 3,455 | |
| | | | | | | | |
|
India - 1.0% | |
Reliance Industries Ltd. | | | 119 | | | | 3,380 | |
| | | | | | | | |
|
Ireland - 2.4% | |
CRH plc | | | 118 | | | | 5,928 | |
Ryanair Holdings plc, Equity-Linked Security *(1)(2)(3) | | | 123 | | | | 2,326 | |
| | | | | | | | |
| | | | | | | 8,254 | |
| | | | | | | | |
|
Israel - 1.3% | |
Nice Ltd., ADR * | | | 8 | | | | 2,094 | |
Tremor International Ltd. * | | | 236 | | | | 2,323 | |
| | | | | | | | |
| | | | | | | 4,417 | |
| | | | | | | | |
|
Italy - 2.9% | |
BFF Bank SpA | | | 590 | | | | 5,914 | |
Intesa Sanpaolo SpA | | | 1,475 | | | | 4,075 | |
Tinexta Spa | | | 6 | | | | 240 | |
| | | | | | | | |
| | | | | | | 10,229 | |
| | | | | | | | |
|
Japan - 1.1% | |
Hoya Corp. | | | 28 | | | | 3,759 | |
| | | | | | | | |
|
Netherlands - 5.8% | |
Argenx SE, ADR * | | | 20 | | | | 5,893 | |
Argenx SE * | | | — | (4) | | | 74 | |
CM.com NV * | | | 180 | | | | 7,017 | |
ING Groep NV | | | 469 | | | | 6,197 | |
uniQure NV * | | | 38 | | | | 1,175 | |
| | | | | | | | |
| | | | | | | 20,356 | |
| | | | | | | | |
|
Portugal - 0.9% | |
EDP - Energias de Portugal SA | | | 620 | | | | 3,285 | |
| | | | | | | | |
|
Russia - 1.4% | |
MMC Norilsk Nickel PJSC, ADR | | | 141 | | | | 4,805 | |
| | | | | | | | |
|
South Korea - 1.0% | |
Samsung Electronics Co. Ltd. | | | 50 | | | | 3,548 | |
| | | | | | | | |
|
Spain - 1.1% | |
Ferrovial SA | | | 132 | | | | 3,886 | |
| | | | | | | | |
|
Sweden - 2.4% | |
Nibe Industrier AB, Class B | | | 464 | | | | 4,880 | |
Sandvik AB | | | 140 | | | | 3,581 | |
| | | | | | | | |
| | | | | | | 8,461 | |
| | | | | | | | |
|
Switzerland - 3.4% | |
Adecco Group AG | | | 35 | | | | 2,398 | |
Idorsia Ltd. * | | | 74 | | | | 2,042 | |
Medacta Group SA * | | | 31 | | | | 4,110 | |
Roche Holding AG | | | 9 | | | | 3,214 | |
| | | | | | | | |
| | | | | | | 11,764 | |
| | | | | | | | |
|
United Kingdom - 3.8% | |
AVEVA Group plc | | | 96 | | | | 4,947 | |
Clarivate plc * | | | 218 | | | | 5,997 | |
Linde plc | | | 8 | | | | 2,449 | |
| | | | | | | | |
| | | | | | | 13,393 | |
| | | | | | | | |
|
United States - 48.5% | |
ACADIA Pharmaceuticals, Inc. * | | | 168 | | | | 4,109 | |
Alphabet, Inc., Class A * | | | 3 | | | | 6,681 | |
Alphabet, Inc., Class C * | | | 1 | | | | 3,421 | |
Altair Engineering, Inc., Class A * | | | 65 | | | | 4,485 | |
Amazon.com, Inc. * | | | 3 | | | | 10,775 | |
Artisan Global Equity Fund
Schedule of Investments (continued)
June 30, 2021 (Unaudited)
Shares and dollar values in thousands
| | | | | | | | |
| | Shares Held | | | Value | |
American Software, Inc., Class A | | | 157 | | | $ | 3,439 | |
AtriCure, Inc. * | | | 73 | | | | 5,830 | |
Beauty Health Co. (The) * | | | 83 | | | | 1,397 | |
Booking Holdings, Inc. * | | | 4 | | | | 8,820 | |
Carrier Global Corp. | | | 146 | | | | 7,087 | |
Colfax Corp. * | | | 115 | | | | 5,283 | |
Cornerstone Building Brands, Inc. * | | | 157 | | | | 2,858 | |
Facebook, Inc., Class A * | | | 18 | | | | 6,384 | |
Figs, Inc., Class A * | | | 36 | | | | 1,782 | |
Garmin Ltd. | | | 9 | | | | 1,249 | |
Halozyme Therapeutics, Inc. * | | | 290 | | | | 13,188 | |
Horizon Therapeutics plc * | | | 56 | | | | 5,253 | |
Johnson Controls International plc | | | 168 | | | | 11,536 | |
Mastercard, Inc., Class A | | | 12 | | | | 4,558 | |
Microsoft Corp. | | | 30 | | | | 8,004 | |
Momentive Global, Inc. * | | | 159 | | | | 3,340 | |
Natera, Inc. * | | | 48 | | | | 5,484 | |
PayPal Holdings, Inc. * | | | 1 | | | | 357 | |
Sensata Technologies Holding plc * | | | 42 | | | | 2,458 | |
Splunk, Inc. * | | | 25 | | | | 3,548 | |
Synopsys, Inc. * | | | 15 | | | | 4,005 | |
T-Mobile US, Inc. * | | | 53 | | | | 7,743 | |
Ulta Beauty, Inc. * | | | 12 | | | | 4,133 | |
Vertiv Holdings Co. | | | 457 | | | | 12,475 | |
ViewRay, Inc. * | | | 748 | | | | 4,938 | |
Walt Disney Co. (The) * | | | 26 | | | | 4,575 | |
| | | | | | | | |
| | | | | | | 169,195 | |
| | | | | | | | |
|
Uruguay - 0.4% | |
Dlocal Ltd. * | | | 26 | | | | 1,384 | |
| | | | | | | | |
Total common stocks and equity-linked security (Cost $268,946) | | | | 347,405 | |
| | | | | |
|
SHORT-TERM INVESTMENTS - 0.5% | |
|
INVESTMENT COMPANIES - 0.5% | |
BlackRock Liquidity Funds Treasury Trust Fund - Institutional Class, 0.01% | | | 596 | | | | 596 | |
Federated Treasury Obligations Fund - Institutional Class, 0.01% | | | 578 | | | | 578 | |
Fidelity Investments Money Market Treasury Portfolio - Institutional Class, 0.01% | | | 579 | | | | 579 | |
| | | | | | | | |
| |
Total short-term investments (Cost $1,753) | | | | 1,753 | |
| | | | | |
| |
Total investments - 100.1% (Cost $270,699) | | | | 349,158 | |
| |
Other assets less liabilities - (0.1)% | | | | (473 | ) |
| | | | | |
| |
Total net assets - 100.0%(5) | | | $ | 348,685 | |
| | | | | |
Artisan Global Equity Fund
Schedule of Investments (continued)
June 30, 2021 (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 $2,326, or 0.7% 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 | | 03/29/2021 - 04/06/2021 | | $ | 2,391 | | | $ | 2,326 | | | | 0.7 | % |
(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 one. |
(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/Definition
| | |
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 | | $ | 33,591 | | | | 9.6 | % |
Consumer Discretionary | | | 38,660 | | | | 11.1 | |
Consumer Staples | | | 1,397 | | | | 0.4 | |
Energy | | | 3,380 | | | | 1.0 | |
Financials | | | 29,148 | | | | 8.3 | |
Health Care | | | 76,935 | | | | 22.0 | |
Industrials | | | 86,082 | | | | 24.7 | |
Information Technology | | | 61,745 | | | | 17.7 | |
Materials | | | 13,182 | | | | 3.8 | |
Utilities | | | 3,285 | | | | 0.9 | |
Short-Term Investments | | | 1,753 | | | | 0.5 | |
| | | | | | | | |
Total investments | | $ | 349,158 | | | | 100.0 | % |
| | | | | | | | |
Artisan Global Equity Fund
Schedule of Investments (continued)
June 30, 2021 (Unaudited)
TRADING CURRENCIES
Dollar values in thousands
| | | | | | | | |
| | Value | | | Percentage of Total Investments | |
British pound | | $ | 7,270 | | | | 2.1 | % |
Canadian dollar | | | 6,565 | | | | 1.9 | |
Chinese yuan renminbi offshore | | | 3,903 | | | | 1.1 | |
Euro | | | 87,707 | | | | 25.1 | |
Hong Kong dollar | | | 10,823 | | | | 3.1 | |
Indian rupee | | | 3,380 | | | | 1.0 | |
Japanese yen | | | 3,759 | | | | 1.1 | |
Korean won | | | 3,548 | | | | 1.0 | |
Swedish krona | | | 8,461 | | | | 2.4 | |
Swiss franc | | | 11,764 | | | | 3.4 | |
U.S. dollar | | | 201,978 | | | | 57.8 | |
| | | | | | | | |
Total investments | | $ | 349,158 | | | | 100.0 | % |
| | | | | | | | |
See notes to N-PORT Part F.
Artisan Global Opportunities Fund
Schedule of Investments
June 30, 2021 (Unaudited)
Shares and dollar values in thousands
| | | | | | | | |
| | Shares Held | | | Value | |
COMMON STOCKS - 96.6% | |
|
Brazil - 1.0% | |
Magazine Luiza SA | | | 13,660 | | | $ | 58,085 | |
| | | | | | | | |
|
Canada - 2.1% | |
Shopify, Inc., Class A * | | | 81 | | | | 118,968 | |
| | | | | | | | |
|
Denmark - 3.0% | |
Genmab A/S * | | | 258 | | | | 105,420 | |
Vestas Wind Systems A/S | | | 1,555 | | | | 60,683 | |
| | | | | | | | |
| | | | | | | 166,103 | |
| | | | | | | | |
|
Germany - 1.2% | |
Volkswagen AG (Preference) | | | 264 | | | | 66,192 | |
| | | | | | | | |
|
Hong Kong - 6.8% | |
AIA Group Ltd. | | | 7,930 | | | | 98,554 | |
Techtronic Industries Co. Ltd. | | | 16,115 | | | | 281,446 | |
| | | | | | | | |
| | | | | | | 380,000 | |
| | | | | | | | |
|
Japan - 3.3% | |
Hoya Corp. | | | 782 | | | | 103,698 | |
Keyence Corp. | | | 164 | | | | 82,721 | |
| | | | | | | | |
| | | | | | | 186,419 | |
| | | | | | | | |
|
Netherlands - 3.5% | |
Koninklijke DSM NV | | | 673 | | | | 125,658 | |
Koninklijke Philips NV | | | 1,430 | | | | 70,875 | |
| | | | | | | | |
| | | | | | | 196,533 | |
| | | | | | | | |
|
South Korea - 1.8% | |
LG Chem Ltd. | | | 133 | | | | 100,326 | |
| | | | | | | | |
|
Spain - 3.3% | |
Banco Bilbao Vizcaya Argentaria SA | | | 14,108 | | | | 87,457 | |
Iberdrola SA | | | 7,866 | | | | 95,887 | |
| | | | | | | | |
| | | | | | | 183,344 | |
| | | | | | | | |
|
Sweden - 4.7% | |
Hexagon AB, Class B | | | 7,204 | | | | 106,732 | |
Telefonaktiebolaget LM Ericsson, Class B | | | 12,401 | | | | 155,860 | |
| | | | | | | | |
| | | | | | | 262,592 | |
| | | | | | | | |
|
Switzerland - 5.8% | |
Lonza Group AG | | | 281 | | | | 199,384 | |
UBS Group AG | | | 8,338 | | | | 127,602 | |
| | | | | | | | |
| | | | | | | 326,986 | |
| | | | | | | | |
|
United Kingdom - 4.9% | |
AstraZeneca plc | | | 1,518 | | | | 182,290 | |
CNH Industrial NV | | | 2,343 | | | | 38,686 | |
London Stock Exchange Group plc | | | 520 | | | | 57,358 | |
| | | | | | | | |
| | | | | | | 278,334 | |
| | | | | | | | |
|
United States - 55.2% | |
Activision Blizzard, Inc. | | | 1,981 | | | | 189,092 | |
Advanced Micro Devices, Inc. * | | | 2,392 | | | | 224,712 | |
Alphabet, Inc., Class A * | | | 61 | | | | 149,682 | |
Aptiv plc * | | | 893 | | | | 140,497 | |
Arista Networks, Inc. * | | | 210 | | | | 76,180 | |
Atlassian Corp. plc, Class A * | | | 522 | | | | 134,004 | |
Boston Scientific Corp. * | | | 4,331 | | | | 185,214 | |
Burlington Stores, Inc. * | | | 170 | | | | 54,670 | |
Charles Schwab Corp. (The) | | | 1,527 | | | | 111,161 | |
Danaher Corp. | | | 660 | | | | 177,077 | |
Dexcom, Inc. * | | | 187 | | | | 80,045 | |
Fidelity National Information Services, Inc. | | | 1,202 | | | | 170,323 | |
Fortive Corp. | | | 1,967 | | | | 137,151 | |
IHS Markit Ltd. | | | 1,338 | | | | 150,738 | |
Ingersoll Rand, Inc. * | | | 895 | | | | 43,666 | |
Lowe’s Cos., Inc. | | | 808 | | | | 156,720 | |
Lululemon Athletica, Inc. * | | | 168 | | | | 61,320 | |
Microsoft Corp. | | | 494 | | | | 133,741 | |
Netflix, Inc. * | | | 202 | | | | 106,629 | |
NextEra Energy, Inc. | | | 2,154 | | | | 157,876 | |
S&P Global, Inc. | | | 115 | | | | 47,020 | |
Starbucks Corp. | | | 654 | | | | 73,068 | |
Uber Technologies, Inc. * | | | 1,693 | | | | 84,833 | |
Veeva Systems, Inc., Class A * | | | 641 | | | | 199,177 | |
Zoom Video Communications, Inc., Class A * | | | 152 | | | | 58,876 | |
| | | | | | | | |
| | | | | | | 3,103,472 | |
| | | | | | | | |
Total common stocks (Cost $3,487,844) | | | | 5,427,354 | |
| | | | | |
|
SHORT-TERM INVESTMENTS - 2.9% | |
|
INVESTMENT COMPANIES - 2.9% | |
BlackRock Liquidity Funds Treasury Trust Fund - Institutional Class, 0.01% | | | 56,025 | | | | 56,025 | |
Federated Treasury Obligations Fund - Institutional Class, 0.01% | | | 54,377 | | | | 54,377 | |
Fidelity Investments Money Market Treasury Portfolio - Institutional Class, 0.01% | | | 54,378 | | | | 54,378 | |
| | | | | | | | |
| |
Total short-term investments (Cost $164,780) | | | | 164,780 | |
| | | | | |
| |
Total investments - 99.5% (Cost $3,652,624) | | | | 5,592,134 | |
| |
Other assets less liabilities - 0.5% | | | | 26,352 | |
| | | | | |
| |
Total net assets - 100.0%(1) | | | $ | 5,618,486 | |
| | | | | |
Artisan Global Opportunities Fund
Schedule of Investments (continued)
June 30, 2021 (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.
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 | | $ | 445,403 | | | | 8.0 | % |
Consumer Discretionary | | | 610,552 | | | | 10.9 | |
Financials | | | 529,152 | | | | 9.5 | |
Health Care | | | 1,303,180 | | | | 23.3 | |
Industrials | | | 797,203 | | | | 14.2 | |
Information Technology | | | 1,262,117 | | | | 22.6 | |
Materials | | | 225,984 | | | | 4.0 | |
Utilities | | | 253,763 | | | | 4.5 | |
Short-Term Investments | | | 164,780 | | | | 3.0 | |
| | | | | | | | |
Total investments | | $ | 5,592,134 | | | | 100.0 | % |
| | | | | | | | |
TRADING CURRENCIES
Dollar values in thousands
| | | | | | | | |
| | Value | | | Percentage of Total Investments | |
Brazilian real | | $ | 58,085 | | | | 1.0 | % |
British pound | | | 239,648 | | | | 4.3 | |
Danish krone | | | 166,103 | | | | 3.0 | |
Euro | | | 484,755 | | | | 8.7 | |
Hong Kong dollar | | | 380,000 | | | | 6.8 | |
Japanese yen | | | 186,419 | | | | 3.3 | |
Korean won | | | 100,326 | | | | 1.8 | |
Swedish krona | | | 262,592 | | | | 4.7 | |
Swiss franc | | | 326,986 | | | | 5.8 | |
U.S. dollar | | | 3,387,220 | | | | 60.6 | |
| | | | | | | | |
Total investments | | $ | 5,592,134 | | | | 100.0 | % |
| | | | | | | | |
See notes to N-PORT Part F.
Artisan Global Value Fund
Schedule of Investments
June 30, 2021 (Unaudited)
Shares, warrants and dollar values in thousands
| | | | | | | | |
| | Shares Held | | | Value | |
COMMON STOCKS - 93.1% | |
|
Belgium - 1.8% | |
Groupe Bruxelles Lambert SA | | | 424 | | | $ | 47,460 | |
| | | | | | | | |
|
Brazil - 1.4% | |
Telefonica Brasil SA, ADR | | | 4,187 | | | | 35,590 | |
| | | | | | | | |
|
Canada - 1.3% | |
Imperial Oil Ltd. | | | 1,139 | | | | 34,729 | |
| | | | | | | | |
|
China - 3.9% | |
Alibaba Group Holding Ltd., ADR * | | | 269 | | | | 61,034 | |
NXP Semiconductors NV | | | 193 | | | | 39,764 | |
| | | | | | | | |
| | | | | | | 100,798 | |
| | | | | | | | |
|
France - 5.4% | |
Danone SA | | | 1,671 | | | | 117,632 | |
Sodexo SA * | | | 234 | | | | 21,817 | |
| | | | | | | | |
| | | | | | | 139,449 | |
| | | | | | | | |
|
Germany - 3.4% | |
HeidelbergCement AG | | | 1,021 | | | | 87,573 | |
| | | | | | | | |
|
Japan - 2.9% | |
Nintendo Co. Ltd. | | | 129 | | | | 74,860 | |
| | | | | | | | |
|
Netherlands - 1.5% | |
ING Groep NV | | | 2,974 | | | | 39,281 | |
| | | | | | | | |
|
South Korea - 5.5% | |
Samsung Electronics Co. Ltd. | | | 1,993 | | | | 142,793 | |
| | | | | | | | |
|
Switzerland - 12.1% | |
Cie Financiere Richemont SA | | | 794 | | | | 96,058 | |
Novartis AG | | | 1,433 | | | | 130,593 | |
UBS Group AG | | | 5,623 | | | | 86,053 | |
| | | | | | | | |
| | | | | | | 312,704 | |
| | | | | | | | |
|
United Kingdom - 8.7% | |
BAE Systems plc | | | 8,369 | | | | 60,429 | |
Compass Group plc * | | | 4,518 | | | | 95,117 | |
Lloyds Banking Group plc | | | 72,252 | | | | 46,665 | |
Tesco plc | | | 7,039 | | | | 21,708 | |
| | | | | | | | |
| | | | | | | 223,919 | |
| | | | | | | | |
|
United States - 45.2% | |
Advance Auto Parts, Inc. | | | 171 | | | | 35,068 | |
Alphabet, Inc., Class A * | | | 42 | | | | 103,090 | |
Alphabet, Inc., Class C * | | | 7 | | | | 17,399 | |
American Express Co. | | | 577 | | | | 95,349 | |
Anthem, Inc. | | | 314 | | | | 120,058 | |
Bank of New York Mellon Corp. (The) | | | 1,976 | | | | 101,213 | |
Berkshire Hathaway, Inc., Class B * | | | 297 | | | | 82,533 | |
Booking Holdings, Inc. * | | | 31 | | | | 68,233 | |
Citigroup, Inc. | | | 1,247 | | | | 88,231 | |
DENTSPLY SIRONA, Inc. | | | 926 | | | | 58,555 | |
Expedia Group, Inc. * | | | 493 | | | | 80,700 | |
Facebook, Inc., Class A * | | | 337 | | | | 117,194 | |
Marsh & McLennan Cos., Inc. | | | 499 | | | | 70,206 | |
Progressive Corp. (The) | | | 588 | | | | 57,757 | |
Southwest Airlines Co. * | | | 988 | | | | 52,474 | |
Visa, Inc., Class A | | | 91 | | | | 21,235 | |
| | | | | | | | |
| | | | | | | 1,169,295 | |
| | | | | | | | |
Total common stocks (Cost $1,652,821) | | | | 2,408,451 | |
| | | | | |
|
SHORT-TERM INVESTMENTS - 6.4% | |
|
INVESTMENT COMPANIES - 6.4% | |
BlackRock Liquidity Funds Treasury Trust Fund - Institutional Class, 0.01% | | | 56,233 | | | | 56,233 | |
Federated Treasury Obligations Fund - Institutional Class, 0.01% | | | 54,580 | | | | 54,580 | |
Fidelity Investments Money Market Treasury Portfolio - Institutional Class, 0.01% | | | 54,579 | | | | 54,579 | |
| | | | | | | | |
| |
Total short-term investments (Cost $165,392) | | | | 165,392 | |
| | | | | |
| | |
| | No. of Warrants | | | Value | |
|
WARRANTS - 0.1% | |
|
Switzerland - 0.1% | |
Cie Financiere Richemont SA, expiring 11/22/2023, strike price CHF 67 (Cost $7) * | | | 1,873 | | | | 1,255 | |
| | | | | | | | |
| |
Total investments - 99.6% (Cost $1,818,220) | | | | 2,575,098 | |
| |
Other assets less liabilities - 0.4% | | | | 11,336 | |
| | | | | |
| |
Total net assets - 100.0%(1) | | | $ | 2,586,434 | |
| | | | | |
Artisan Global Value Fund
Schedule of Investments (continued)
June 30, 2021 (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 |
CHF | | Swiss franc |
PORTFOLIO DIVERSIFICATION
Dollar values in thousands
| | | | | | | | |
| | Value | | | Percentage of Total Investments | |
Communication Services | | $ | 348,133 | | | | 13.5 | % |
Consumer Discretionary | | | 459,282 | | | | 17.8 | |
Consumer Staples | | | 139,340 | | | | 5.4 | |
Energy | | | 34,729 | | | | 1.4 | |
Financials | | | 714,748 | | | | 27.8 | |
Health Care | | | 309,206 | | | | 12.0 | |
Industrials | | | 112,903 | | | | 4.4 | |
Information Technology | | | 203,792 | | | | 7.9 | |
Materials | | | 87,573 | | | | 3.4 | |
Short-Term Investments | | | 165,392 | | | | 6.4 | |
| | | | | | | | |
Total investments | | $ | 2,575,098 | | | | 100.0 | % |
| | | | | | | | |
TRADING CURRENCIES
Dollar values in thousands
| | | | | | | | |
| | Value | | | Percentage of Total Investments | |
British pound | | $ | 223,919 | | | | 8.7 | % |
Canadian dollar | | | 34,729 | | | | 1.4 | |
Euro | | | 313,763 | | | | 12.2 | |
Japanese yen | | | 74,860 | | | | 2.9 | |
Korean won | | | 142,793 | | | | 5.5 | |
Swiss franc | | | 313,959 | | | | 12.2 | |
U.S. dollar | | | 1,471,075 | | | | 57.1 | |
| | | | | | | | |
Total investments | | $ | 2,575,098 | | | | 100.0 | % |
| | | | | | | | |
See notes to N-PORT Part F.
Artisan High Income Fund
Schedule of Investments
June 30, 2021 (Unaudited)
Principal amount, shares and dollar values in thousands
| | | | | | | | | | | | |
| | | | | Principal Amount | | | Value | |
CORPORATE BONDS - 60.4% | |
| | | |
Advertising - 0.3% | | | | | | | | | | | | |
Terrier Media Buyer, Inc. | | | | | | | | | | | | |
8.88%, 12/15/2027 (1) | | | | | | $ | 15,947 | | | $ | 17,243 | |
| | | | | | | | | | | | |
| | | |
Airlines - 1.5% | | | | | | | | | | | | |
Delta Air Lines, Inc. | | | | | | | | | | | | |
2.90%, 10/28/2024 | | | | | | | 9,478 | | | | 9,643 | |
7.38%, 1/15/2026 | | | | | | | 25,381 | | | | 29,780 | |
4.38%, 4/19/2028 | | | | | | | 11,088 | | | | 11,615 | |
3.75%, 10/28/2029 | | | | | | | 48,403 | | | | 48,325 | |
| | | | | | | | | | | | |
| | | | | | | | 99,363 | |
| | | | | | | | | |
| | | |
Apparel - 0.1% | | | | | | | | | | | | |
BK LC Finco1 Sarl | | | | | | | | | | | | |
5.25%, 4/30/2029 (1)(2) | | | EUR | | | | 5,355 | | | | 6,492 | |
| | | | | | | | | | | | |
| | | |
Auto Manufacturers - 0.1% | | | | | | | | | | | | |
Tesla, Inc. | | | | | | | | | | | | |
5.30%, 8/15/2025 (1) | | | | | | | 7,063 | | | | 7,301 | |
| | | | | | | | | | | | |
| | | |
Building Materials - 0.3% | | | | | | | | | | | | |
Victors Merger Corp. | | | | | | | | | | | | |
6.38%, 5/15/2029 (1) | | | | | | | 21,996 | | | | 22,161 | |
| | | | | | | | | | | | |
| | | |
Chemicals - 1.1% | | | | | | | | | | | | |
Methanex Corp. | | | | | | | | | | | | |
5.13%, 10/15/2027 (2) | | | | | | | 16,277 | | | | 17,579 | |
5.25%, 12/15/2029 (2) | | | | | | | 46,528 | | | | 50,134 | |
5.65%, 12/1/2044 (2) | | | | | | | 4,854 | | | | 5,022 | |
| | | | | | | | | | | | |
| | | | | | | | 72,735 | |
| | | | | | | | | |
| | | |
Distribution/Wholesale - 0.8% | | | | | | | | | | | | |
Core & Main Holdings LP | | | | | | | | | | | | |
8.63% Cash, 9.38% PIK, 9/15/2024 (1)(3) | | | | | | | 20,971 | | | | 21,390 | |
Core & Main LP | | | | | |
6.13%, 8/15/2025 (1) | | | | | | | 30,000 | | | | 30,600 | |
| | | | | | | | | | | | |
| | | | | | | | 51,990 | |
| | | | | | | | | |
| | | |
Diversified Financial Services - 5.8% | | | | | | | | | | | | |
AG Issuer LLC | | | | | | | | | | | | |
6.25%, 3/1/2028 (1) | | | | | | | 40,713 | | | | 42,898 | |
NFP Corp. | | | | | |
4.88%, 8/15/2028 (1) | | | | | | | 22,582 | | | | 22,946 | |
6.88%, 8/15/2028 (1) | | | | | | | 156,755 | | | | 165,018 | |
VistaJet Malta Finance plc | | | | | |
10.50%, 6/1/2024 (1)(2) | | | | | | | 149,977 | | | | 163,505 | |
| | | | | | | | | | | | |
| | | | | | | | 394,367 | |
| | | | | | | | | |
| | | |
Engineering & Construction - 1.7% | | | | | | | | | | | | |
New Enterprise Stone & Lime Co., Inc. | | | | | | | | | | | | |
9.75%, 7/15/2028 (1) | | | | | | | 14,000 | | | | 15,680 | |
Signature Aviation US Holdings, Inc. | | | | | |
4.00%, 3/1/2028 (1) | | | | | | | 32,372 | | | | 32,606 | |
Tutor Perini Corp. | | | | | |
6.88%, 5/1/2025 (1) | | | | | | | 68,769 | | | | 70,746 | |
| | | | | | | | | | | | |
| | | | | | | | 119,032 | |
| | | | | | | | | |
| | | |
Entertainment - 0.4% | | | | | | | | | | | | |
Everi Holdings, Inc. | | | | | | | | | | | | |
5.00%, 7/15/2029 (1)(6) | | | | | | | 6,424 | | | | 6,578 | |
Jacobs Entertainment, Inc. | | | | | |
7.88%, 2/1/2024 (1) | | | | | | | 4,558 | | | | 4,763 | |
Penn National Gaming, Inc. | | | | | |
4.13%, 7/1/2029 (1) | | | | | | | 8,774 | | | | 8,763 | |
SeaWorld Parks & Entertainment, Inc. | | | | | |
9.50%, 8/1/2025 (1) | | | | | | | 3,754 | | | | 4,026 | |
| | | | | | | | | | | | |
| | | | | | | | 24,130 | |
| | | | | | | | | |
| | | |
Environmental Control - 0.1% | | | | | | | | | | | | |
Madison IAQ LLC | | | | | | | | | | | | |
5.88%, 6/30/2029(1) | | | | | | | 4,405 | | | | 4,482 | |
| | | | | | | | | | | | |
| | | |
Food - 1.3% | | | | | | | | | | | | |
H-Food Holdings LLC | | | | | | | | | | | | |
8.50%, 6/1/2026 (1) | | | | | | | 82,186 | | | | 85,679 | |
| | | | | | | | | | | | |
| | | |
Food Service - 1.4% | | | | | | | | | | | | |
TKC Holdings, Inc. | | | | | | | | | | | | |
6.88%, 5/15/2028 (1) | | | | | | | 20,100 | | | | 20,728 | |
10.50%, 5/15/2029 (1) | | | | | | | 65,171 | | | | 70,548 | |
| | | | | | | | | | | | |
| | | | | | | | 91,276 | |
| | | | | | | | | |
| | | |
Forest Products & Paper - 0.3% | | | | | | | | | | | | |
SpA Holdings 3 Oy | | | | | | | | | | | | |
4.88%, 2/4/2028 (1)(2) | | | | | | | 17,834 | | | | 17,968 | |
| | | | | | | | | | | | |
| | | |
Hand/Machine Tools - 0.7% | | | | | | | | | | | | |
Werner FinCo LP | | | | | | | | | | | | |
8.75%, 7/15/2025 (1) | | | | | | | 46,856 | | | | 48,847 | |
| | | | | | | | | | | | |
| | | |
Healthcare-Services - 1.4% | | | | | | | | | | | | |
Indigo Merger Sub, Inc. | | | | | | | | | | | | |
2.88%, 7/15/2026 (1)(2) | | | | | | | 12,524 | | | | 12,722 | |
Surgery Center Holdings, Inc. | | | | | |
6.75%, 7/1/2025 (1) | | | | | | | 8,955 | | | | 9,134 | |
10.00%, 4/15/2027 (1) | | | | | | | 64,776 | | | | 71,092 | |
| | | | | | | | | | | | |
| | | | | | | | 92,948 | |
| | | | | | | | | |
| | | |
Home Builders - 0.6% | | | | | | | | | | | | |
PulteGroup, Inc. | | | | | | | | | | | | |
7.88%, 6/15/2032 | | | | | | | 29,000 | | | | 41,630 | |
| | | | | | | | | | | | |
| | | |
Insurance - 6.8% | | | | | | | | | | | | |
Acrisure LLC | | | | | | | | | | | | |
7.00%, 11/15/2025 (1) | | | | | | | 77,212 | | | | 78,756 | |
10.13%, 8/1/2026 (1) | | | | | | | 48,540 | | | | 54,729 | |
Aon Corp. | | | | | |
8.21%, 1/1/2027 | | | | | | | 29,945 | | | | 39,040 | |
Artisan High Income Fund
Schedule of Investments (continued)
June 30, 2021 (Unaudited)
Principal amount, shares and dollar values in thousands
| | | | | | | | |
Ardonagh Midco 2 plc | | | | | | | | |
11.50% Cash, 12.75% PIK, 1/15/2027 (1)(2)(3) | | | 105,950 | | | | 109,749 | |
AssuredPartners, Inc. | | | | | |
7.00%, 8/15/2025 (1) | | | 33,750 | | | | 34,467 | |
BroadStreet Partners, Inc. | | | | | |
5.88%, 4/15/2029 (1) | | | 30,954 | | | | 31,573 | |
GTCR AP Finance, Inc. | | | | | |
8.00%, 5/15/2027 (1) | | | 53,511 | | | | 56,989 | |
Highlands Holdings Bond Issuer Ltd. | | | | | |
7.63% Cash, 8.38% PIK, 10/15/2025 (1)(2)(3) | | | 16,196 | | | | 17,133 | |
HUB International Ltd. | | | | | |
7.00%, 5/1/2026 (1) | | | 41,266 | | | | 42,797 | |
| | | | | | | | |
| | | | | | | 465,233 | |
| | | | | | | | |
| | |
Internet - 0.3% | | | | | | | | |
Cars.com, Inc. | | | | | |
6.38%, 11/1/2028 (1) | | | 19,420 | | | | 20,712 | |
| | | | | | | | |
| | |
Iron/Steel - 0.9% | | | | | | | | |
Big River Steel LLC | | | | | |
6.63%, 1/31/2029 (1) | | | 52,671 | | | | 58,004 | |
Commercial Metals Co. | | | | | |
3.88%, 2/15/2031 | | | 894 | | | | 900 | |
| | | | | | | | |
| | | | | | | 58,904 | |
| | | | | | | | |
| | |
Leisure Time - 6.2% | | | | | | | | |
Carnival Corp. | | | | | |
11.50%, 4/1/2023 (1) | | | 44,233 | | | | 49,780 | |
10.50%, 2/1/2026 (1) | | | 22,449 | | | | 26,136 | |
7.63%, 3/1/2026 (1) | | | 21,068 | | | | 22,885 | |
5.75%, 3/1/2027 (1) | | | 92,762 | | | | 97,168 | |
MajorDrive Holdings IV LLC | | | | | |
6.38%, 6/1/2029 (1) | | | 13,223 | | | | 13,190 | |
NCL Corp. Ltd. | | | | | |
12.25%, 5/15/2024 (1) | | | 38,134 | | | | 46,054 | |
3.63%, 12/15/2024 (1) | | | 8,953 | | | | 8,640 | |
5.88%, 3/15/2026 (1) | | | 47,354 | | | | 49,603 | |
NCL Finance Ltd. | | | | | |
6.13%, 3/15/2028 (1) | | | 52,268 | | | | 54,774 | |
Royal Caribbean Cruises Ltd. | | | | | |
4.25%, 7/1/2026 (1) | | | 17,804 | | | | 17,782 | |
5.50%, 4/1/2028 (1) | | | 35,497 | | | | 37,176 | |
| | | | | | | | |
| | | | | | | 423,188 | |
| | | | | | | | |
| | |
Lodging - 1.1% | | | | | | | | |
Boyd Gaming Corp. | | | | | |
8.63%, 6/1/2025 (1) | | | 18,541 | | | | 20,439 | |
4.75%, 6/15/2031 (1) | | | 4,583 | | | | 4,755 | |
Full House Resorts, Inc. | | | | | |
8.25%, 2/15/2028 (1) | | | 4,679 | | | | 5,100 | |
Marriott International, Inc. | | | | | |
Series AA, 4.65%, 12/1/2028 | | | 27,973 | | | | 31,925 | |
4.50%, 10/1/2034 | | | 9,000 | | | | 10,182 | |
| | | | | | | | |
| | | | | | | 72,401 | |
| | | | | | | | |
| | |
Media - 5.0% | | | | | | | | |
CCO Holdings LLC | | | | | |
5.50%, 5/1/2026 (1) | | | 30,580 | | | | 31,617 | |
4.25%, 2/1/2031 (1) | | | 33,685 | | | | 34,316 | |
4.50%, 5/1/2032 | | | 24,943 | | | | 25,847 | |
Charter Communications Operating LLC | | | | | |
6.38%, 10/23/2035 | | | 40,408 | | | | 54,012 | |
CSC Holdings LLC | | | | | |
5.88%, 9/15/2022 | | | 47,077 | | | | 49,393 | |
5.25%, 6/1/2024 | | | 15,676 | | | | 16,988 | |
5.38%, 2/1/2028 (1) | | | 6,632 | | | | 7,016 | |
6.50%, 2/1/2029 (1) | | | 12,161 | | | | 13,470 | |
4.50%, 11/15/2031 (1) | | | 8,967 | | | | 9,022 | |
Sinclair Television Group, Inc. | | | | | |
5.88%, 3/15/2026 (1) | | | 7,138 | | | | 7,368 | |
5.13%, 2/15/2027 (1) | | | 12,100 | | | | 12,145 | |
5.50%, 3/1/2030 (1) | | | 35,511 | | | | 36,207 | |
Virgin Media Secured Finance plc | | | | | |
5.50%, 5/15/2029 (1)(2) | | | 228 | | | | 245 | |
Ziggo BV | | | | | |
5.50%, 1/15/2027 (1)(2) | | | 41,620 | | | | 43,243 | |
| | | | | | | | |
| | | | | | | 340,889 | |
| | | | | | | | |
| | |
Mining - 1.0% | | | | | | | | |
Compass Minerals International, Inc. | | | | | |
4.88%, 7/15/2024 (1) | | | 10,392 | | | | 10,730 | |
6.75%, 12/1/2027 (1) | | | 52,402 | | | | 56,332 | |
| | | | | | | | |
| | | | | | | 67,062 | |
| | | | | | | | |
| | |
Miscellaneous Manufacturing - 4.8% | | | | | | | | |
General Electric Co. | | | | | |
Series D, (ICE LIBOR USD 3 Month + 3.33%), 3.45%, 9/15/2021 (4)(5) | | | 101,174 | | | | 99,150 | |
6.75%, 3/15/2032 | | | 121,306 | | | | 168,147 | |
6.88%, 1/10/2039 | | | 38,671 | | | | 57,854 | |
| | | | | | | | |
| | | | | | | 325,151 | |
| | | | | | | | |
| | |
Oil & Gas - 3.3% | | | | | | | | |
Callon Petroleum Co. | | | | | |
8.00%, 8/1/2028 (1) | | | 61,367 | | | | 62,057 | |
Comstock Resources, Inc. | | | | | |
7.50%, 5/15/2025 (1) | | | 11,113 | | | | 11,530 | |
6.75%, 3/1/2029 (1) | | | 18,837 | | | | 20,066 | |
Endeavor Energy Resources LP | | | | | |
6.63%, 7/15/2025 (1) | | | 6,885 | | | | 7,367 | |
5.75%, 1/30/2028 (1) | | | 33,200 | | | | 35,399 | |
Laredo Petroleum, Inc. | | | | | |
9.50%, 1/15/2025 | | | 6,534 | | | | 6,885 | |
10.13%, 1/15/2028 | | | 5,290 | | | | 5,811 | |
Matador Resources Co. | | | | | |
5.88%, 9/15/2026 | | | 60,071 | | | | 61,873 | |
Range Resources Corp. | | | | | |
5.00%, 8/15/2022 | | | 9,500 | | | | 9,681 | |
5.00%, 3/15/2023 | | | 5,000 | | | | 5,175 | |
| | | | | | | | |
| | | | | | | 225,844 | |
| | | | | | | | |
| | |
Packaging & Containers - 0.8% | | | | | | | | |
LABL Escrow Issuer LLC | | | | | |
10.50%, 7/15/2027 (1) | | | 26,533 | | | | 29,253 | |
Plastipak Holdings, Inc. | | | | | |
6.25%, 10/15/2025 (1) | | | 25,924 | | | | 26,507 | |
| | | | | | | | |
| | | | | | | 55,760 | |
| | | | | | | | |
Artisan High Income Fund
Schedule of Investments (continued)
June 30, 2021 (Unaudited)
Principal amount, shares and dollar values in thousands
| | | | | | | | | | | | |
| | | |
Real Estate - 2.4% | | | | | | | | | | | | |
Realogy Group LLC | | | | | | | | | | | | |
4.88%, 6/1/2023 (1) | | | | | | | 71,475 | | | | 74,334 | |
7.63%, 6/15/2025 (1) | | | | | | | 19,263 | | | | 20,895 | |
9.38%, 4/1/2027 (1) | | | | | | | 37,796 | | | | 41,997 | |
5.75%, 1/15/2029 (1) | | | | | | | 26,972 | | | | 28,196 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 165,422 | |
| | | | | | | | | | | | |
| | | |
Real Estate Investment Trusts (REITS) - 4.0% | | | | | | | | | | | | |
Host Hotels & Resorts LP | | | | | | | | | | | | |
Series F, 4.50%, 2/1/2026 | | | | | | | 19,405 | | | | 21,317 | |
Series H, 3.38%, 12/15/2029 | | | | | | | 44,500 | | | | 46,641 | |
Series I, 3.50%, 9/15/2030 | | | | | | | 20,500 | | | | 21,512 | |
Park Intermediate Holdings LLC | | | | | | | | | | | | |
7.50%, 6/1/2025 (1) | | | | | | | 29,071 | | | | 31,507 | |
5.88%, 10/1/2028 (1) | | | | | | | 20,000 | | | | 21,298 | |
Uniti Group LP | | | | | | | | | | | | |
7.13%, 12/15/2024 (1) | | | | | | | 57,971 | | | | 59,928 | |
7.88%, 2/15/2025 (1) | | | | | | | 16,700 | | | | 17,890 | |
4.75%, 4/15/2028 (1) | | | | | | | 17,806 | | | | 17,761 | |
XHR LP | | | | | | | | | | | | |
6.38%, 8/15/2025 (1) | | | | | | | 26,395 | | | | 28,078 | |
4.88%, 6/1/2029 (1) | | | | | | | 4,674 | | | | 4,826 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 270,758 | |
| | | | | | | | | | | | |
| | | |
Retail - 4.7% | | | | | | | | | | | | |
Asbury Automotive Group, Inc. | | | | | | | | | | | | |
4.50%, 3/1/2028 | | | | | | | 11,681 | | | | 12,002 | |
Brinker International, Inc. | | | | | | | | | | | | |
3.88%, 5/15/2023 | | | | | | | 1,000 | | | | 1,030 | |
5.00%, 10/1/2024 (1) | | | | | | | 24,912 | | | | 26,220 | |
Dave & Buster’s, Inc. | | | | | | | | | | | | |
7.63%, 11/1/2025 (1) | | | | | | | 44,275 | | | | 47,651 | |
LCM Investments Holdings II LLC | | | | | | | | | | | | |
4.88%, 5/1/2029 (1) | | | | | | | 17,630 | | | | 18,071 | |
Nordstrom, Inc. | | | | | | | | | | | | |
4.00%, 3/15/2027 | | | | | | | 17,331 | | | | 17,983 | |
4.38%, 4/1/2030 | | | | | | | 55,622 | | | | 57,958 | |
4.25%, 8/1/2031 (1) | | | | | | | 9,037 | | | | 9,412 | |
5.00%, 1/15/2044 | | | | | | | 98,226 | | | | 97,902 | |
Specialty Building Products Holdings LLC | | | | | | | | | | | | |
6.38%, 9/30/2026 (1) | | | | | | | 13,406 | | | | 14,039 | |
SRS Distribution, Inc. | | | | | | | | | | | | |
6.13%, 7/1/2029 (1) | | | | | | | 1,763 | | | | 1,814 | |
Suburban Propane Partners LP | | | | | | | | | | | | |
5.00%, 6/1/2031 (1) | | | | | | | 8,951 | | | | 9,164 | |
Superior Plus LP | | | | | | | | | | | | |
4.25%, 5/18/2028 (1)(2) | | | CAD | | | | 6,705 | | | | 5,551 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 318,797 | |
| | | | | | | | | | | | |
| | | |
Software - 0.7% | | | | | | | | | | | | |
Ascend Learning LLC | | | | | | | | | | | | |
6.88%, 8/1/2025 (1) | | | | | | | 20,719 | | | | 21,108 | |
Castle US Holding Corp. | | | | | | | | | | | | |
9.50%, 2/15/2028 (1) | | | | | | | 28,500 | | | | 29,711 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 50,819 | |
| | | | | | | | | | | | |
| | | |
Telecommunications - 0.5% | | | | | | | | | | | | |
Altice France Holding SA | | | | | | | | | | | | |
10.50%, 5/15/2027 (1)(2) | | | | | | | 4,564 | | | | 5,072 | |
6.00%, 2/15/2028 (1)(2) | | | | | | | 29,473 | | | | 29,349 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 34,421 | |
| | | | | | | | | | | | |
Total corporate bonds (Cost $3,755,823) | | | | | | | | | | | 4,093,005 | |
| | | | | | | | | | | | |
| | | |
BANK LOANS - 35.7% | | | | | | | | | | | | |
| | | |
Advertising - 0.7% | | | | | | | | | | | | |
Terrier Media Buyer, Inc. First Lien Term Loan B (ICE LIBOR USD 1 Month + 3.50%), 3.60%, 12/17/2026 (5) | | | | | | | 46,926 | | | | 46,665 | |
| | | | | | | | | | | | |
| | | |
Aerospace/Defense - 0.5% | | | | | | | | | | | | |
Dynasty Acquisition Co., Inc. First Lien Term Loan (ICE LIBOR USD 3 Month + 3.50%), 3.65%, 4/6/2026 (5) | | | | | | | 6,377 | | | | 6,207 | |
Jazz Acquisition, Inc. First Lien Term Loan B (ICE LIBOR USD 1 Month + 4.25%), 4.35%, 6/19/2026 (5) | | | | | | | 25,467 | | | | 24,613 | |
Standard Aero Ltd. First Lien Term Loan (ICE LIBOR USD 3 Month + 3.50%), 3.65%, 4/6/2026 (5) | | | | | | | 3,428 | | | | 3,337 | |
| | | | | | | | | | | | |
| | | | | | | | | | | 34,157 | |
| | | | | | | | | | | | |
| | | |
Airlines - 0.9% | | | | | | | | | | | | |
SkyMiles IP Ltd. First Lien Term Loan B (ICE LIBOR USD 3 Month + 3.75%), 4.75%, 10/20/2027 (5) | | | | | | | 56,338 | | | | 59,475 | |
| | | | | | | | | | | | |
| | | |
Apparel - 0.6% | | | | | | | | | | | | |
Birkenstock US BidCo, Inc. First Lien Term Loan B (ICE LIBOR USD 6 Month + 3.75%), 4.25%, 4/28/2028 (2)(5) | | | | | | | 41,614 | | | | 41,596 | |
| | | | | | | | | | | | |
| | | |
Auto Parts & Equipment - 0.5% | | | | | | | | | | | | |
Wheel Pros, Inc. First Lien Term Loan (ICE LIBOR USD 1 Month + 4.50%), 5.25%, 5/11/2028 (5) | | | | | | | 35,063 | | | | 35,151 | |
| | | | | | | | | | | | |
| | | |
Beverages - 0.3% | | | | | | | | | | | | |
City Brewing Co. LLC First Lien Term Loan B (ICE LIBOR USD 3 Month + 3.50%), 4.25%, 4/5/2028 (5) | | | | | | | 18,270 | | | | 18,339 | |
| | | | | | | | | | | | |
| | | |
Building Materials - 0.4% | | | | | | | | | | | | |
ACProducts Holdings, Inc. First Lien Term Loan B | | | | | | | | | | | | |
Artisan High Income Fund
Schedule of Investments (continued)
June 30, 2021 (Unaudited)
Principal amount, shares and dollar values in thousands
| | | | | | | | |
(ICE LIBOR USD 3 Month + 4.25%), 4.42%, 5/17/2028 (5) | | | 26,814 | | | | 26,661 | |
| | | | | | | | |
| | |
Chemicals - 0.8% | | | | | | | | |
Emerald Performance Materials LLC First Lien Term Loan (ICE LIBOR USD 1 Month + 4.00%), 5.00%, 8/12/2025 (5) | | | 14,888 | | | | 14,906 | |
CPC Acquisition Corp. First Lien Term Loan B (ICE LIBOR USD 1 Month + 3.75%), 4.50%, 12/29/2027 (5) | | | 38,586 | | | | 38,478 | |
| | | | | | | | |
| | | | | | | 53,384 | |
| | | | | | | | |
| | |
Commercial Services - 4.1% | | | | | | | | |
Ankura Consulting Group LLC First Lien Term Loan (ICE LIBOR USD 1 Month + 4.50%), 5.25%, 3/17/2028 (5) | | | 44,573 | | | | 44,657 | |
Ankura Consulting Group LLC Second Lien Term Loan (ICE LIBOR USD 3 Month + 8.00%), 8.75%, 3/19/2029 (5) | | | 17,830 | | | | 18,008 | |
Digital Room Holdings, Inc. First Lien Term Loan B (ICE LIBOR USD 3 Month + 5.00%), 5.20%, 5/21/2026 (5) | | | 50,764 | | | | 50,511 | |
EAB Global, Inc. Term Loan (ICE LIBOR USD 1 Month + 3.50%), 3.50%, 6/28/2028 (5) | | | 13,020 | | | | 12,987 | |
Midas Intermediate Holdco II LLC First Lien Term Loan B (ICE LIBOR USD 3 Month + 6.75%), 7.50%, 12/22/2025 (5) | | | 65,232 | | | | 63,520 | |
National Intergovernmental Purchasing Alliance Co. First Lien Term Loan (ICE LIBOR USD 3 Month + 3.50%), 3.65%, 5/23/2025 (5) | | | 4,430 | | | | 4,389 | |
Spin Holdco, Inc. First Lien Term Loan B (ICE LIBOR USD 3 Month + 4.00%), 4.75%, 3/4/2028 (5) | | | 62,304 | | | | 62,312 | |
USS Ultimate Holdings, Inc. First Lien Term Loan B (ICE LIBOR USD 1 Month + 3.75%), 4.75%, 8/25/2024 (5) | | | 19,679 | | | | 19,722 | |
| | | | | | | | |
| | | | | | | 276,106 | |
| | | | | | | | |
| | |
Distribution/Wholesale - 0.3% | | | | | | | | |
Core & Main LP First Lien Term Loan B (ICE LIBOR USD 1 Month + 2.75%), 3.75%, 8/1/2024 (5) | | | 18,005 | | | | 17,977 | |
| | | | | | | | |
| | |
Diversified Financial Services - 0.5% | | | | | | | | |
Advisor Group Holdings, Inc. First Lien Term Loan B1 (ICE LIBOR USD 1 Month + 4.50%), 4.60%, 7/31/2026 (5) | | | 12,230 | | | | 12,249 | |
NFP Corp. First Lien Term Loan B (ICE LIBOR USD 1 Month + 3.25%), 3.35%, 2/15/2027 (5) | | | 18,521 | | | | 18,241 | |
| | | | | | | | |
| | | | | | | 30,490 | |
| | | | | | | | |
| | |
Entertainment - 0.5% | | | | | | | | |
J&J Ventures Gaming LLC First Lien Term Loan (ICE LIBOR USD 1 Month + 4.00%), 4.75%, 4/26/2028 (5) | | | 29,526 | | | | 29,600 | |
SeaWorld Parks & Entertainment, Inc. First Lien Term Loan B5 (ICE LIBOR USD 1 Month + 3.00%), 3.75%, 4/1/2024 (5) | | | 6,442 | | | | 6,393 | |
| | | | | | | | |
| | | | | | | 35,993 | |
| | | | | | | | |
| | |
Environmental Control - 0.3% | | | | | | | | |
Madison IAQ LLC Term Loan (ICE LIBOR USD 3 Month + 3.25%), 3.75%, 6/21/2028 (5) | | | 17,891 | | | | 17,891 | |
| | | | | | | | |
| | |
Food - 1.6% | | | | | | | | |
Shearer’s Foods LLC First Lien Term Loan B (ICE LIBOR USD 3 Month + 3.50%), 4.25%, 9/23/2027 (5) | | | 90,904 | | | | 90,932 | |
Sovos Brands Intermediate, Inc. First Lien Term Loan B (ICE LIBOR USD 3 Month + 4.25%), 5.00%, 6/8/2028 (5) | | | 22,927 | | | | 23,013 | |
| | | | | | | | |
| | | | | | | 113,945 | |
| | | | | | | | |
| | |
Food Service - 1.0% | | | | | | | | |
TKC Holdings, Inc. First Lien Term Loan (ICE LIBOR USD 3 Month + 5.50%), 6.50%, 5/15/2028 (5) | | | 67,020 | | | | 65,722 | |
| | | | | | | | |
Artisan High Income Fund
Schedule of Investments (continued)
June 30, 2021 (Unaudited)
Principal amount, shares and dollar values in thousands
| | | | | | | | |
| | |
Forest Products & Paper - 0.2% | | | | | | | | |
Spa Holdings 3 Oy Term Loan B (ICE LIBOR USD 3 Month + 4.00%), 4.75%, 2/4/2028 (2)(5) | | | 8,897 | | | | 8,925 | |
| | | | | | | | |
| | |
Healthcare-Services - 2.4% | | | | | | | | |
Cambrex Corp. First Lien Term Loan B (ICE LIBOR USD 1 Month + 3.50%), 4.25%, 12/4/2026 (5) | | | 16,343 | | | | 16,374 | |
ICON Luxembourg Sarl First Lien Term Loan B (ICE LIBOR USD 3 Month + 2.50%), 3.00%, 6/16/2028 (2)(5) | | | 57,304 | | | | 57,385 | |
Indigo Merger Sub, Inc. First Lien Term Loan B (ICE LIBOR USD 3 Month + 2.50%), 3.00%, 6/16/2028 (2)(5) | | | 14,261 | | | | 14,281 | |
Radnet Management, Inc. First Lien Term Loan B (ICE LIBOR USD 3 Month + 3.00%), 4.00%, 4/23/2028 (5) | | | 13,412 | | | | 13,406 | |
Surgery Center Holdings, Inc. First Lien Term Loan (ICE LIBOR USD 1 Month + 3.75%), 4.50%, 8/31/2026 (5) | | | 60,801 | | | | 61,019 | |
| | | | | | | | |
| | | | | | | 162,465 | |
| | | | | | | | |
| | |
Insurance - 1.4% | | | | | | | | |
Acrisure LLC First Lien Term Loan B (ICE LIBOR USD 1 Month + 3.50%), 3.60%, 2/15/2027 (5) | | | 19,730 | | | | 19,499 | |
AssuredPartners, Inc. First Lien Term Loan B (ICE LIBOR USD 1 Month + 3.50%), 3.60%, 2/12/2027 (5) | | | 68,956 | | | | 68,564 | |
BroadStreet Partners, Inc. First Lien Term Loan B (ICE LIBOR USD 1 Month + 3.25%), 3.35%, 1/27/2027 (5) | | | 8,935 | | | | 8,850 | |
| | | | | | | | |
| | | | | | | 96,913 | |
| | | | | | | | |
| | |
Internet - 2.8% | | | | | | | | |
Arches Buyer, Inc. First Lien Term Loan (ICE LIBOR USD 1 Month + 3.25%), 3.75%, 12/6/2027 (5) | | | 72,890 | | | | 72,658 | |
Barracuda Networks, Inc. Second Lien Term Loan B (ICE LIBOR USD 3 Month + 6.75%), 7.50%, 10/30/2028 (5) | | | 33,815 | | | | 34,386 | |
CNT Holdings I Corp. Second Lien Term Loan B (ICE LIBOR USD 3 Month + 6.75%), 7.50%, 11/6/2028 (5) | | | 12,878 | | | | 13,039 | |
Proofpoint, Inc. First Lien Term Loan B (ICE LIBOR USD 3 Month + 3.25%), 3.25%, 6/9/2028 (5) | | | 67,068 | | | | 66,658 | |
| | | | | | | | |
| | | | | | | 186,741 | |
| | | | | | | | |
| | |
Leisure Time - 1.7% | | | | | | | | |
Carnival Corp., First Lien Term Loan B (ICE LIBOR USD 3 Month + 7.50%), 8.50%, 6/30/2025 (5) | | | 48,431 | | | | 49,541 | |
MajorDrive Holdings IV LLC First Lien Term Loan B (ICE LIBOR USD 3 Month + 4.00%), 4.50%, 6/1/2028 (5) | | | 22,360 | | | | 22,367 | |
Topgolf International, Inc. First Lien Term Loan B (ICE LIBOR USD 3 Month + 6.25%), 7.00%, 2/9/2026 (5) | | | 47,999 | | | | 48,599 | |
| | | | | | | | |
| | | | | | | 120,507 | |
| | | | | | | | |
| | |
Machinery-Diversified - 0.2% | | | | | | | | |
STS Operating, Inc. First Lien Term Loan (ICE LIBOR USD 1 Month + 4.25%), 5.25%, 12/11/2024 (5) | | | 16,063 | | | | 15,827 | |
| | | | | | | | |
| | |
Miscellaneous Manufacturing - 0.1% | | | | | | | | |
Utex Industries, Inc. | | | | | | | | |
(ICE LIBOR USD 1 Month + 7.00%), 8.50%, 12/3/2024 (5)(6) | | | 2,100 | | | | 2,100 | |
(ICE LIBOR USD 1 Month + 3.75%), 5.25%, 12/3/2025 (5)(6) | | | 2,369 | | | | 2,274 | |
| | | | | | | | |
| | | | | | | 4,374 | |
| | | | | | | | |
| | |
Pharmaceuticals - 0.5% | | | | | | | | |
Lanai Holdings III, Inc. First Lien Term Loan B (ICE LIBOR USD 3 Month + 3.75%), 7.00%, 8/29/2022 (5) | | | 34,065 | | | | 33,881 | |
| | | | | | | | |
| | |
Retail - 2.2% | | | | | | | | |
Fogo De Chao, Inc. First Lien Term Loan (ICE LIBOR USD 3 Month + 4.25%), 5.25%, 4/7/2025 (5) | | | 17,216 | | | | 17,000 | |
LBM Acquisition LLC First Lien Term Loan, delayed-draw (ICE LIBOR USD 1 Month + 3.75%), 4.50%, 12/17/2027 (5) | | | 3,851 | | | | 3,821 | |
LBM Acquisition LLC First Lien Term Loan B (ICE LIBOR USD 3 Month + 3.75%), 4.50%, 12/17/2027 (5) | | | 25,993 | | | | 25,792 | |
Artisan High Income Fund
Schedule of Investments (continued)
June 30, 2021 (Unaudited)
Principal amount, shares and dollar values in thousands
| | | | | | | | |
Portillo’s Holdings LLC First Lien Term Loan (ICE LIBOR USD 3 Month + 5.50%), 6.50%, 9/6/2024 (5) | | | 44,283 | | | | 44,449 | |
SRS Distribution, Inc. First Lien Term Loan B (ICE LIBOR USD 1 Month + 3.75%), 4.25%, 6/2/2028 (5) | | | 56,344 | | | | 56,281 | |
| | | | | | | | |
| | | | | | | 147,343 | |
| | | | | | | | |
| | |
Software - 9.4% | | | | | | | | |
Applied Systems, Inc. First Lien Term Loan B (ICE LIBOR USD 3 Month + 3.25%), 3.77%, 9/19/2024 (5) | | | 22,265 | | | | 22,207 | |
Applied Systems, Inc. Second Lien Term Loan (ICE LIBOR USD 3 Month + 5.50%), 6.25%, 9/19/2025 (5) | | | 34,731 | | | | 35,130 | |
Castle US Holding Corp. First Lien Term Loan B (ICE LIBOR USD 3 Month + 3.75%), 3.90%, 1/29/2027 (5) | | | 4,948 | | | | 4,882 | |
CCC Information Services, Inc. First Lien Term Loan B (ICE LIBOR USD 1 Month + 3.00%), 4.00%, 4/29/2024 (5) | | | 4,842 | | | | 4,839 | |
CommerceHub, Inc. First Lien Term Loan B (ICE LIBOR USD 3 Month + 4.00%), 4.75%, 12/29/2027 (5) | | | 22,601 | | | | 22,658 | |
CommerceHub, Inc. Second Lien Term Loan B (ICE LIBOR USD 3 Month + 7.00%), 7.75%, 12/29/2028 (5) | | | 10,610 | | | | 10,743 | |
Constant Contact, Inc. Second Lien Term Loan (ICE LIBOR USD 3 Month + 7.50%), 8.25%, 2/12/2029 (5) | | | 28,018 | | | | 27,598 | |
Epicor Software Corp. First Lien Term Loan B (ICE LIBOR USD 1 Month + 3.25%), 4.00%, 7/30/2027 (5) | | | 64,131 | | | | 64,033 | |
Epicor Software Corp. Second Lien Term Loan (ICE LIBOR USD 1 Month + 7.75%), 8.75%, 7/31/2028 (5) | | | 9,250 | | | | 9,545 | |
Finastra USA, Inc. First Lien Term Loan B (ICE LIBOR USD 3 Month + 3.50%), 4.50%, 6/13/2024 (5) | | | 46,518 | | | | 45,757 | |
Informatica LLC Second Lien Term Loan (ICE LIBOR USD 3 Month + 7.13%), 7.13%, 2/25/2025 (5) | | | 27,490 | | | | 28,040 | |
Ivanti Software, Inc. First Lien Term Loan B | | | | | | | | |
(ICE LIBOR USD 3 Month + 4.75%), 5.75%, 12/1/2027 (5) | | | 48,429 | | | | 48,435 | |
(ICE LIBOR USD 3 Month + 4.00%), 4.75%, 12/1/2027 (5) | | | 13,348 | | | | 13,253 | |
Project Boost Purchaser LLC Term Loan (ICE LIBOR USD 3 Month + 3.50%), 4.00%, 6/1/2026 (5) | | | 8,948 | | | | 8,931 | |
RealPage, Inc. First Lien Term Loan B (ICE LIBOR USD 1 Month + 3.25%), 3.75%, 4/24/2028 (5) | | | 91,671 | | | | 91,350 | |
Renaissance Holdings Corp. First Lien Term Loan (ICE LIBOR USD 1 Month + 3.25%), 3.34%, 5/30/2025 (5) | | | 70,586 | | | | 69,792 | |
Renaissance Holdings Corp. Second Lien Term Loan (ICE LIBOR USD 1 Month + 7.00%), 7.09%, 5/29/2026 (5) | | | 36,536 | | | | 36,500 | |
UKG, Inc. First Lien Term Loan (ICE LIBOR USD 3 Month + 3.25%), 4.00%, 5/4/2026 (5) | | | 44,436 | | | | 44,461 | |
UKG, Inc. Second Lien Term Loan (ICE LIBOR USD 3 Month + 6.75%), 7.50%, 5/3/2027 (5) | | | 17,980 | | | | 18,265 | |
Virgin Pulse, Inc. First Lien Term Loan B (ICE LIBOR USD 3 Month + 4.00%), 4.75%, 4/6/2028 (5) | | | 29,446 | | | | 29,409 | |
| | | | | | | | |
| | | | | | | 635,828 | |
| | | | | | | | |
| | |
Telecommunications - 1.3% | | | | | | | | |
Altice France SA First Lien Term Loan B11 (ICE LIBOR USD 3 Month + 2.75%), 2.94%, 7/31/2025 (2)(5) | | | 21,717 | | | | 21,328 | |
Delta Topco, Inc. First Lien Term Loan B (ICE LIBOR USD 3 Month + 3.75%), 4.50%, 12/1/2027 (5) | | | 37,915 | | | | 37,986 | |
Delta Topco, Inc. Second Lien Term Loan (ICE LIBOR USD 3 Month + 7.25%), 8.00%, 12/1/2028 (5) | | | 31,739 | | | | 32,096 | |
| | | | | | | | |
| | | | | | | 91,410 | |
| | | | | | | | |
| | |
Transportation - 0.5% | | | | | | | | |
SIRVA Worldwide, Inc. First Lien Term Loan | | | | | | | | |
Artisan High Income Fund
Schedule of Investments (continued)
June 30, 2021 (Unaudited)
Principal amount, shares and dollar values in thousands
| | | | | | | | |
(ICE LIBOR USD 3 Month + 5.50%), 5.60%, 8/4/2025(5) | | | 26,552 | | | | 24,959 | |
(ICE LIBOR USD 3 Month + 5.50%), 5.64%, 8/4/2025(5) | | | 6,659 | | | | 6,259 | |
(ICE LIBOR USD 3 Month + 5.50%), 5.65%, 8/4/2025(5) | | | 178 | | | | 167 | |
(ICE LIBOR USD 3 Month + 5.50%), 5.69%, 8/4/2025(5) | | | 5,986 | | | | 5,627 | |
| | | | | | | | |
| | | | | | | 37,012 | |
| | | | | | | | |
Total bank loans (Cost $2,387,724) | | | | | | | 2,414,778 | |
| | | | | | | | |
| | |
| | Shares Held | | | | |
COMMON STOCK - 0.2% | | | | | | | | |
| | |
Miscellaneous Manufacturing - 0.2% | | | | | | | | |
Utex Equity (Cost $10,178) *(6)(7) | | | 364 | | | | 14,923 | |
| | | | | | | | |
| | |
| | Principal Amount | | | | |
CONVERTIBLE BOND - 0.1% | | | | | | | | |
| | |
Real Estate Investment Trusts (REITS) - 0.1% | | | | | | | | |
Uniti Fiber Holdings, Inc. 4.00%, 6/15/2024 (Cost $4,529) (1) | | $ | 4,625 | | | | 5,351 | |
| | | | | | | | |
| | |
| | Shares Held | | | | |
SHORT-TERM INVESTMENTS - 6.5% | | | | | | | | |
| | |
INVESTMENT COMPANIES - 6.5% | | | | | | | | |
BlackRock Liquidity Funds Treasury Trust Fund - Institutional Class, 0.01% | | | 150,742 | | | | 150,742 | |
Federated Treasury Obligations Fund - Institutional Class, 0.01% | | | 146,309 | | | | 146,309 | |
Fidelity Investments Money Market Treasury Portfolio - Institutional Class, 0.01% | | | 146,309 | | | | 146,309 | |
| | | | | | | | |
| | |
Total short-term investments (Cost $443,360) | | | | | | | 443,360 | |
| | | | | | | | |
| | |
Total investments - 102.9% (Cost $6,601,614) | | | | | | | 6,971,417 | |
| | |
Other assets less liabilities - (2.9%) | | | | | | | (194,168 | ) |
| | | | | | | | |
| | |
Total net assets - 100.0%(8) | | | | | | $ | 6,777,249 | |
| | | | | | | | |
Artisan High Income Fund
Schedule of Investments (continued)
June 30, 2021 (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 Holding SA, 10.50%, 5/15/2027 | | Luxembourg | | U.S. dollar |
Altice France SA First Lien Term Loan B11, 2.94%, 7/31/2025 | | France | | U.S. dollar |
Ardonagh Midco 2 plc, 11.50%, 1/15/2027 | | United Kingdom | | U.S. dollar |
Birkenstock US BidCo, Inc. First Lien Term Loan B, 4.25%, 4/28/2028 | | Germany | | U.S. dollar |
BK LC Finco1 Sarl, 5.25%, 4/30/2029 | | Germany | | Euro |
Highlands Holdings Bond Issuer Ltd., 7.63%, 10/15/2025 | | Bermuda | | U.S. dollar |
ICON Luxembourg Sarl First Lien Term Loan B, 3.00%, 6/16/2028 | | Luxembourg | | U.S. dollar |
Indigo Merger Sub, Inc., 2.88%, 7/15/2026 | | Ireland | | U.S. dollar |
Indigo Merger Sub, Inc. First Lien Term Loan B, 3.00%, 6/16/2028 | | Ireland | | U.S. dollar |
Methanex Corp., 5.65%, 12/1/2044 | | Canada | | U.S. dollar |
Methanex Corp., 5.25%, 12/15/2029 | | Canada | | U.S. dollar |
Methanex Corp., 5.13%, 10/15/2027 | | Canada | | U.S. dollar |
SpA Holdings 3 Oy, 4.88%, 2/4/2028 | | Finland | | U.S. dollar |
Spa Holdings 3 Oy Term Loan B, 4.75%, 2/4/2028 | | Finland | | U.S. dollar |
Superior Plus LP, 4.25%, 5/18/2028 | | Canada | | Canadian dollar |
Virgin Media Secured Finance plc, 5.50%, 5/15/2029 | | United Kingdom | | 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 June 30, 2021. 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 June 30, 2021. |
(6) | 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 $25,875, or 0.4% of total net assets. See notes (A) and (B) in the accompanying notes. |
(8) | Percentages for the various classifications relate to total net assets. |
Artisan High Income Fund
Schedule of Investments (continued)
June 30, 2021 (Unaudited)
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
| | |
CAD | | Canadian Dollar |
EUR | | Euro |
ICE | | Intercontinental Exchange |
LIBOR | | London Interbank Offered Rate |
PIK | | Payment-In-Kind |
USD | | U.S. dollar |
UNFUNDED LOAN COMMITMENTS
Pursuant to the terms of the following bank loan agreements, the portfolio had unfunded loan commitments of $1,924 or less than 0.1% of the total net assets as of June 30, 2021, 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, delayed-draw | | $ | 1,924 | | | $ | 1,910 | | | $ | (14 | ) |
| | | | | | | | | | | | |
| | $ | 1,924 | | | $ | 1,910 | | | $ | (14 | ) |
| | | | | | | | | | | | |
FOREIGN CURRENCY FORWARD CONTRACTS
Values in thousands
| | | | | | | | | | | | | | | | | | | | |
Currency Purchased | | Currency Sold | | | Counterparty | | Settlement Date | | | Unrealized Appreciation (Depreciation) | |
USD | | 6,565 | | | EUR | | | | 5,531 | | | JPM | | | 9/30/2021 | | | $ | — | (1) |
| | | | | | | | | | | | | | | | | | | | |
Total unrealized appreciation | | | | | | | — | (1) |
| | | | | | | | | | | | | | | | | | | | |
CAD | | 6,895 | | | USD | | | | 5,559 | | | JPM | | | 9/29/2021 | | | | (17 | ) |
| | | | | | | | | | | | | | | | | | | | |
Total unrealized depreciation | | | | | | | (17 | ) |
| | | | | | | | | | | | | | | | | | | | |
Net unrealized depreciation | | | | | | $ | (17 | ) |
| | | | | | | | | | | | | | | | | | | | |
(1) | Amount rounds to less than one. |
| | |
CAD | | Canadian dollar |
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 (Depreciation) | |
Short Positions Contracts | | | | | |
U.S. Treasury 10 Year Note | | | (1,757 | ) | | | 9/21/2021 | | | | USD | | | $ | 175,700 | | | $ | (232,803 | ) | | $ | (735 | ) |
U.S. Treasury Long Bond | | | (800 | ) | | | 9/21/2021 | | | | USD | | | | 80,000 | | | | (128,600 | ) | | | (3,069 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | $ | (3,804 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | |
See notes to N-PORT Part F.
Artisan International Fund
Schedule of Investments
June 30, 2021 (Unaudited)
Shares and dollar values in thousands
| | | | | | | | |
| | Shares Held | | | Value | |
COMMON STOCKS AND EQUITY-LINKED SECURITY - 98.0% | |
|
Argentina - 0.4% | |
MercadoLibre, Inc. * | | | 25 | | | $ | 38,840 | |
| | | | | | | | |
|
Belgium - 1.9% | |
UCB SA | | | 1,838 | | | | 192,154 | |
| | | | | | | | |
|
Brazil - 0.6% | |
Azul SA (Preference) * | | | 6,812 | | | | 59,881 | |
| | | | | | | | |
|
Canada - 2.3% | |
Canadian Pacific Railway Ltd. | | | 2,116 | | | | 162,688 | |
Kinaxis, Inc. * | | | 498 | | | | 65,538 | |
| | | | | | | | |
| | | | | | | 228,226 | |
| | | | | | | | |
|
China - 2.4% | |
China International Capital Corp. Ltd., Class H | | | 31,138 | | | | 83,817 | |
Gree Electric Appliances, Inc. of Zhuhai, Class A | | | 7,876 | | | | 63,505 | |
Midea Group Co. Ltd., Class A | | | 8,280 | | | | 91,456 | |
| | | | | | | | |
| | | | | | | 238,778 | |
| | | | | | | | |
|
Denmark - 5.1% | |
Ascendis Pharma A/S, ADR * | | | 949 | | | | 124,858 | |
DSV Panalpina A/S | | | 564 | | | | 131,439 | |
Genmab A/S * | | | 624 | | | | 255,261 | |
| | | | | | | | |
| | | | | | | 511,558 | |
| | | | | | | | |
|
France - 6.8% | |
Air Liquide SA | | | 1,303 | | | | 228,150 | |
BNP Paribas SA | | | 4,670 | | | | 292,740 | |
Capgemini SE | | | 819 | | | | 157,293 | |
| | | | | | | | |
| | | | | | | 678,183 | |
| | | | | | | | |
|
Germany - 19.1% | |
Allianz SE | | | 971 | | | | 242,196 | |
Auto1 Group SE * | | | 566 | | | | 24,847 | |
Bayerische Motoren Werke AG | | | 685 | | | | 72,535 | |
Brenntag SE | | | 1,436 | | | | 133,499 | |
Deutsche Boerse AG | | | 1,959 | | | | 341,908 | |
Deutsche Post AG | | | 2,690 | | | | 182,928 | |
Deutsche Telekom AG | | | 13,370 | | | | 282,373 | |
MTU Aero Engines AG | | | 546 | | | | 135,195 | |
Porsche Automobil Holding SE (Preference) | | | 691 | | | | 74,011 | |
Siemens AG | | | 1,346 | | | | 213,293 | |
Volkswagen AG (Preference) | | | 846 | | | | 211,874 | |
| | | | | | | | |
| | | | | | | 1,914,659 | |
| | | | | | | | |
|
Hong Kong - 3.7% | |
AIA Group Ltd. | | | 29,444 | | | | 365,946 | |
| | | | | | | | |
|
India - 1.1% | |
Reliance Industries Ltd. | | | 4,012 | | | | 113,925 | |
| | | | | | | | |
|
Ireland - 4.6% | |
CRH plc | | | 3,676 | | | | 185,253 | |
Ryanair Holdings plc, Equity-Linked Security *(1)(2)(3) | | | 14,302 | | | | 270,652 | |
| | | | | | | | |
| | | | | | | 455,905 | |
| | | | | | | | |
|
Israel - 3.2% | |
Nice Ltd., ADR * | | | 1,285 | | | | 317,985 | |
| | | | | | | | |
|
Italy - 1.3% | |
Intesa Sanpaolo SpA | | | 45,885 | | | | 126,744 | |
| | | | | | | | |
|
Japan - 2.9% | |
Hoya Corp. | | | 1,027 | | | | 136,189 | |
Sony Group Corp. | | | 1,630 | | | | 158,721 | |
| | | | | | | | |
| | | | | | | 294,910 | |
| | | | | | | | |
|
Netherlands - 6.4% | |
Argenx SE, ADR * | | | 512 | | | | 154,259 | |
Argenx SE * | | | 7 | | | | 2,122 | |
ING Groep NV | | | 14,269 | | | | 188,483 | |
Koninklijke DSM NV | | | 1,590 | | | | 296,780 | |
| | | | | | | | |
| | | | | | | 641,644 | |
| | | | | | | | |
|
Portugal - 1.1% | |
EDP - Energias de Portugal SA | | | 20,988 | | | | 111,240 | |
| | | | | | | | |
|
Russia - 1.6% | |
MMC Norilsk Nickel PJSC, ADR | | | 4,653 | | | | 158,527 | |
| | | | | | | | |
|
South Korea - 2.1% | |
Samsung Electronics Co. Ltd. | | | 2,914 | | | | 208,803 | |
| | | | | | | | |
|
Spain - 0.7% | |
Ferrovial SA | | | 2,375 | | | | 69,701 | |
| | | | | | | | |
|
Sweden - 1.0% | |
Sandvik AB | | | 4,102 | | | | 104,777 | |
| | | | | | | | |
|
Switzerland - 10.2% | |
Adecco Group AG | | | 1,337 | | | | 90,857 | |
Holcim Ltd. * | | | 2,323 | | | | 139,337 | |
Idorsia Ltd. * | | | 2,450 | | | | 67,361 | |
Lonza Group AG | | | 160 | | | | 113,194 | |
Medacta Group SA * | | | 519 | | | | 68,048 | |
Nestle SA | | | 1,541 | | | | 191,858 | |
Roche Holding AG | | | 915 | | | | 344,791 | |
| | | | | | | | |
| | | | | | | 1,015,446 | |
| | | | | | | | |
|
Taiwan - 1.9% | |
Taiwan Semiconductor Manufacturing Co. Ltd. | | | 8,936 | | | | 190,827 | |
| | | | | | | | |
|
United Kingdom - 9.3% | |
AVEVA Group plc | | | 2,903 | | | | 148,928 | |
Barclays plc | | | 84,648 | | | | 200,371 | |
HSBC Holdings plc | | | 15,150 | | | | 87,515 | |
International Consolidated Airlines Group SA * | | | 48,626 | | | | 117,187 | |
Linde plc | | | 1,299 | | | | 374,766 | |
| | | | | | | | |
| | | | | | | 928,767 | |
| | | | | | | | |
Artisan International Fund
Schedule of Investments (continued)
June 30, 2021 (Unaudited)
Shares and dollar values in thousands
| | | | | | | | |
|
United States - 8.3% | |
Accenture plc, Class A | | | 303 | | | | 89,225 | |
Alphabet, Inc., Class A* | | | 84 | | | | 204,695 | |
Alphabet, Inc., Class C* | | | 38 | | | | 95,589 | |
Amazon.com, Inc.* | | | 81 | | | | 279,940 | |
Aon plc, Class A | | | 666 | | | | 159,075 | |
| | | | | | | | |
| | | | | | | 828,524 | |
| | | | | | | | |
| |
Total common stocks and equity-linked security (Cost $7,049,181) | | | | 9,795,950 | |
| | | | | |
|
SHORT-TERM INVESTMENTS - 1.4% | |
|
INVESTMENT COMPANIES - 1.4% | |
BlackRock Liquidity Funds Treasury Trust Fund - Institutional Class, 0.01% | | | 46,755 | | | | 46,755 | |
Federated Treasury Obligations Fund - Institutional Class, 0.01% | | | 45,380 | | | | 45,380 | |
Fidelity Investments Money Market Treasury Portfolio - Institutional Class, 0.01% | | | 45,380 | | | | 45,380 | |
| | | | | | | | |
| |
Total short-term investments (Cost $137,515) | | | | 137,515 | |
| | | | | |
| |
Total investments - 99.4% (Cost $7,186,696) | | | | 9,933,465 | |
| |
Other assets less liabilities - 0.6% | | | | 65,793 | |
| | | | | |
| |
Total net assets - 100.0%(4) | | | $ | 9,999,258 | |
| | | | | |
Artisan International Fund
Schedule of Investments (continued)
June 30, 2021 (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 $270,652, or 2.7% 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 - 04/06/2021 | | $ | 223,628 | | | $ | 270,652 | | | | 2.7 | % |
(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) | 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/Definition | | |
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 | | $ | 582,657 | | | | 5.9 | % |
Consumer Discretionary | | | 1,015,729 | | | | 10.2 | |
Consumer Staples | | | 191,858 | | | | 1.9 | |
Energy | | | 113,925 | | | | 1.1 | |
Financials | | | 2,359,447 | | | | 23.8 | |
Health Care | | | 1,458,237 | | | | 14.7 | |
Industrials | | | 1,401,445 | | | | 14.1 | |
Information Technology | | | 1,178,599 | | | | 11.9 | |
Materials | | | 1,382,813 | | | | 13.9 | |
Utilities | | | 111,240 | | | | 1.1 | |
Short-Term Investments | | | 137,515 | | | | 1.4 | |
| | | | | | | | |
Total investments | | $ | 9,933,465 | | | | 100.0 | % |
| | | | | | | | |
Artisan International Fund
Schedule of Investments (continued)
June 30, 2021 (Unaudited)
TRADING CURRENCIES
Dollar values in thousands
| | | | | | | | |
| | Value | | | Percentage of Total Investments | |
Brazilian real | | $ | 59,881 | | | | 0.6 | % |
British pound | | | 466,486 | | | | 4.7 | |
Canadian dollar | | | 228,226 | | | | 2.3 | |
Chinese yuan renminbi offshore | | | 154,961 | | | | 1.6 | |
Danish krone | | | 386,700 | | | | 3.9 | |
Euro | | | 4,140,085 | | | | 41.7 | |
Hong Kong dollar | | | 537,278 | | | | 5.4 | |
Indian rupee | | | 113,925 | | | | 1.1 | |
Japanese yen | | | 294,910 | | | | 3.0 | |
Korean won | | | 208,803 | | | | 2.1 | |
New Taiwan dollar | | | 190,827 | | | | 1.9 | |
Swedish krona | | | 104,777 | | | | 1.1 | |
Swiss franc | | | 1,015,446 | | | | 10.2 | |
U.S. dollar | | | 2,031,160 | | | | 20.4 | |
| | | | | | | | |
Total investments | | $ | 9,933,465 | | | | 100.0 | % |
| | | | | | | | |
See notes to N-PORT Part F.
Artisan International Small-Mid Fund
Schedule of Investments
June 30, 2021 (Unaudited)
Shares and dollar values in thousands
| | | | | | | | |
| | Shares Held | | | Value | |
|
COMMON STOCKS - 98.8% | |
|
Australia - 0.1% | |
Telix Pharmaceuticals Ltd. * | | | 1,702 | | | $ | 7,773 | |
| | | | | | | | |
|
Brazil - 2.0% | |
Afya Ltd., Class A* | | | 1,293 | | | | 33,331 | |
Notre Dame Intermedica Participacoes SA | | | 1,386 | | | | 23,712 | |
Petrobras Distribuidora SA | | | 8,263 | | | | 44,259 | |
Rumo SA * | | | 6,554 | | | | 25,300 | |
| | | | | | | | |
| | | | | | | 126,602 | |
| | | | | | | | |
|
Canada - 4.5% | |
Altus Group Ltd. | | | 1,350 | | | | 62,549 | |
CAE, Inc. * | | | 3,127 | | | | 96,314 | |
Descartes Systems Group, Inc. (The) * | | | 665 | | | | 46,017 | |
Essa Pharma, Inc. * | | | 197 | | | | 5,638 | |
Kinaxis, Inc. * | | | 379 | | | | 49,897 | |
Real Matters, Inc. * | | | 1,187 | | | | 17,115 | |
| | | | | | | | |
| | | | | | | 277,530 | |
| | | | | | | | |
|
China - 0.4% | |
I-Mab, ADR* | | | 315 | | | | 26,404 | |
| | | | | | | | |
|
Costa Rica - 0.3% | |
Establishment Labs Holdings, Inc. * | | | 252 | | | | 22,001 | |
| | | | | | | | |
|
Denmark - 5.2% | |
ALK-Abello A/S * | | | 74 | | | | 35,330 | |
Ambu A/S, Class B | | | 1,427 | | | | 54,871 | |
Carlsberg A/S, Class B | | | 190 | | | | 35,443 | |
DSV Panalpina A/S | | | 265 | | | | 61,730 | |
Genmab A/S * | | | 168 | | | | 68,850 | |
SimCorp A/S | | | 179 | | | | 22,513 | |
Vestas Wind Systems A/S | | | 1,100 | | | | 42,922 | |
| | | | | | | | |
| | | | | | | 321,659 | |
| | | | | | | | |
|
Finland - 2.9% | |
BasWare OYJ * | | | 518 | | | | 24,431 | |
Metso Outotec OYJ | | | 10,367 | | | | 120,417 | |
Revenio Group OYJ | | | 241 | | | | 18,283 | |
Vaisala OYJ, Class A | | | 462 | | | | 18,988 | |
| | | | | | | | |
| | | | | | | 182,119 | |
| | | | | | | | |
|
France - 1.8% | |
Gaztransport Et Technigaz SA | | | 562 | | | | 45,416 | |
Lectra | | | 1,735 | | | | 65,632 | |
| | | | | | | | |
| | | | | | | 111,048 | |
| | | | | | | | |
|
Germany - 5.3% | |
AIXTRON SE | | | 3,636 | | | | 98,525 | |
Carl Zeiss Meditec AG | | | 96 | | | | 18,504 | |
Hamburger Hafen und Logistik AG | | | 1,251 | | | | 31,442 | |
KION Group AG | | | 336 | | | | 35,812 | |
MorphoSys AG * | | | 1,099 | | | | 85,289 | |
New Work SE | | | 39 | | | | 12,317 | |
Symrise AG | | | 341 | | | | 47,447 | |
| | | | | | | | |
| | | | | | | 329,336 | |
| | | | | | | | |
|
Iceland - 0.6% | |
Ossur HF * | | | 4,866 | | | | 35,884 | |
| | | | | | | | |
|
India - 2.0% | |
IndiaMart InterMesh Ltd. * | | | 523 | | | | 49,230 | |
WNS Holdings Ltd., ADR * | | | 928 | | | | 74,090 | |
| | | | | | | | |
| | | | | | | 123,320 | |
| | | | | | | | |
|
Israel - 8.3% | |
Compugen Ltd. * | | | 525 | | | | 4,346 | |
Kornit Digital Ltd. * | | | 1,320 | | | | 164,174 | |
Max Stock Ltd. | | | 4,839 | | | | 18,332 | |
Nice Ltd., ADR * | | | 828 | | | | 204,956 | |
Radware Ltd.*(1) | | | 2,774 | | | | 85,372 | |
Rami Levy Chain Stores Hashikma Marketing 2006 Ltd. | | | 224 | | | | 14,729 | |
Tel Aviv Stock Exchange Ltd. | | | 3,931 | | | | 24,282 | |
| | | | | | | | |
| | | | | | | 516,191 | |
| | | | | | | | |
|
Italy - 0.8% | |
Davide Campari-Milano NV | | | 3,529 | | | | 47,270 | |
| | | | | | | | |
|
Japan - 16.9% | |
Azbil Corp. | | | 2,459 | | | | 101,944 | |
Carenet, Inc.(1) | | | 867 | | | | 64,143 | |
CKD Corp.(1) | | | 3,575 | | | | 75,311 | |
Daikokutenbussan Co. Ltd.(1) | | | 880 | | | | 63,704 | |
en-japan, Inc. | | | 704 | | | | 25,017 | |
eSOL Co. Ltd. | | | 383 | | | | 3,758 | |
Fujitec Co. Ltd. | | | 3,312 | | | | 73,452 | |
Hennge KK * | | | 342 | | | | 11,710 | |
Jeol Ltd. | | | 985 | | | | 57,618 | |
Kitanotatsujin Corp. | | | 2,837 | | | | 12,616 | |
Kobe Bussan Co. Ltd. | | | 913 | | | | 28,776 | |
Money Forward, Inc. * | | | 564 | | | | 35,975 | |
Morinaga Milk Industry Co. Ltd. | | | 642 | | | | 33,468 | |
Obic Co. Ltd. | | | 167 | | | | 31,206 | |
Raccoon Holdings, Inc.(1) | | | 2,148 | | | | 44,401 | |
Rohm Co. Ltd. | | | 479 | | | | 44,299 | |
Roland Corp. | | | 854 | | | | 43,258 | |
Sagami Rubber Industries Co. Ltd. | | | 420 | | | | 3,914 | |
SG Holdings Co. Ltd. | | | 5,321 | | | | 139,516 | |
TechMatrix Corp. | | | 2,054 | | | | 34,043 | |
Temairazu, Inc.(1) | | | 363 | | | | 21,420 | |
Toshiba Corp. | | | 1,784 | | | | 77,176 | |
Ubicom Holdings, Inc.(1) | | | 784 | | | | 25,604 | |
| | | | | | | | |
| | | | | | | 1,052,329 | |
| | | | | | | | |
|
Netherlands - 2.5% | |
Argenx SE* | | | 88 | | | | 26,616 | |
IMCD NV | | | 418 | | | | 66,539 | |
Koninklijke DSM NV | | | 322 | | | | 60,046 | |
| | | | | | | | |
| | | | | | | 153,201 | |
| | | | | | | | |
|
Spain - 0.9% | |
Almirall SA | | | 3,296 | | | | 57,494 | |
| | | | | | | | |
Artisan International Small-Mid Fund
Schedule of Investments (continued)
June 30, 2021 (Unaudited)
Shares and dollar values in thousands
| | | | | | | | |
|
Sweden - 2.7% | |
AAK AB | | | 2,552 | | | | 57,199 | |
Elekta AB, Class B | | | 2,178 | | | | 31,564 | |
Fortnox AB | | | 1,276 | | | | 62,723 | |
Oncopeptides AB * | | | 1,780 | | | | 19,413 | |
| | | | | | | | |
| | | | | | | 170,899 | |
| | | | | | | | |
|
Switzerland - 7.1% | |
Alcon, Inc. | | | 1,472 | | | | 103,069 | |
Baloise Holding AG | | | 348 | | | | 54,215 | |
Barry Callebaut AG | | | 20 | | | | 47,313 | |
Belimo Holding AG | | | 108 | | | | 49,304 | |
Burckhardt Compression Holding AG | | | 62 | | | | 25,259 | |
Comet Holding AG | | | 202 | | | | 55,577 | |
Siegfried Holding AG * | | | 61 | | | | 57,226 | |
Tecan Group AG | | | 99 | | | | 48,994 | |
| | | | | | | | |
| | | | | | | 440,957 | |
| | | | | | | | |
|
Thailand - 1.1% | |
Fabrinet* | | | 698 | | | | 66,916 | |
| | | | | | | | |
|
United Kingdom - 18.7% | |
Alphawave IP Group plc * | | | 6,745 | | | | 33,587 | |
ASOS plc * | | | 1,078 | | | | 73,947 | |
AVEVA Group plc | | | 793 | | | | 40,699 | |
B&M European Value Retail SA | | | 5,624 | | | | 44,594 | |
Balfour Beatty plc | | | 6,979 | | | | 29,600 | |
boohoo Group plc * | | | 21,849 | | | | 93,815 | |
Britvic plc | | | 3,319 | | | | 43,024 | |
ConvaTec Group plc | | | 33,210 | | | | 110,529 | |
Electrocomponents plc | | | 6,664 | | | | 94,861 | |
Ergomed plc * | | | 1,252 | | | | 20,353 | |
Fevertree Drinks plc | | | 980 | | | | 34,893 | |
HomeServe plc | | | 2,870 | | | | 37,934 | |
Howden Joinery Group plc | | | 6,415 | | | | 72,461 | |
JD Sports Fashion plc | | | 3,643 | | | | 46,316 | |
JET2 plc * | | | 5,431 | | | | 88,912 | |
Orchard Therapeutics plc, ADR * | | | 3,835 | | | | 16,837 | |
Oxford Biomedica plc* | | | 1,830 | | | | 32,909 | |
Rotork plc | | | 20,652 | | | | 97,244 | |
SSP Group plc * | | | 4,964 | | | | 18,294 | |
St James’s Place plc | | | 3,258 | | | | 66,571 | |
Trainline plc * | | | 8,433 | | | | 34,250 | |
YouGov plc | | | 2,029 | | | | 33,118 | |
| | | | | | | | |
| | | | | | | 1,164,748 | |
| | | | | | | | |
|
United States - 14.7% | |
Acceleron Pharma, Inc. * | | | 151 | | | | 18,975 | |
Agilysys, Inc. * | | | 907 | | | | 51,599 | |
Alkermes plc * | | | 1,979 | | | | 48,536 | |
Alnylam Pharmaceuticals, Inc. * | | | 162 | | | | 27,481 | |
BioCryst Pharmaceuticals, Inc. * | | | 2,139 | | | | 33,811 | |
Cree, Inc. * | | | 866 | | | | 84,781 | |
CyberArk Software Ltd. * | | | 432 | | | | 56,277 | |
Flexion Therapeutics, Inc. * | | | 2,204 | | | | 18,135 | |
Glaukos Corp. * | | | 673 | | | | 57,062 | |
Global Blood Therapeutics, Inc. * | | | 823 | | | | 28,836 | |
Ingersoll Rand, Inc. * | | | 1,271 | | | | 62,025 | |
Inspire Medical Systems, Inc. * | | | 118 | | | | 22,850 | |
Intersect ENT, Inc. *(1) | | | 3,035 | | | | 51,868 | |
Lantheus Holdings, Inc. * | | | 1,445 | | | | 39,937 | |
Legend Biotech Corp., ADR * | | | 678 | | | | 27,836 | |
Madrigal Pharmaceuticals, Inc. * | | | 149 | | | | 14,554 | |
MaxCyte, Inc. * | | | 2,951 | | | | 36,654 | |
Model N, Inc. *(1) | | | 2,224 | | | | 76,213 | |
Myriad Genetics, Inc. * | | | 756 | | | | 23,105 | |
Quotient Ltd. * | | | 2,330 | | | | 8,480 | |
Reata Pharmaceuticals, Inc., Class A * | | | 108 | | | | 15,267 | |
Varex Imaging Corp. * | | | 400 | | | | 10,715 | |
Verastem, Inc. * | | | 1,246 | | | | 5,073 | |
ViewRay, Inc. *(1) | | | 11,705 | | | | 77,254 | |
Zogenix, Inc. * | | | 910 | | | | 15,717 | |
| | | | | | | | |
| | | | | | | 913,041 | |
| | | | | | | | |
Total common stocks (Cost $4,619,916) | | | | 6,146,722 | |
| | | | | |
|
SHORT-TERM INVESTMENTS - 1.5% | |
|
INVESTMENT COMPANIES - 1.5% | |
BlackRock Liquidity Funds Treasury Trust Fund - Institutional Class, 0.01% | | | 32,434 | | | | 32,434 | |
Federated Treasury Obligations Fund - Institutional Class, 0.01% | | | 31,481 | | | | 31,481 | |
Fidelity Investments Money Market Treasury Portfolio - Institutional Class, 0.01% | | | 31,480 | | | | 31,480 | |
| | | | | | | | |
| |
Total short-term investments (Cost $95,395) | | | | 95,395 | |
| | | | | |
| |
Total investments - 100.3% (Cost $4,715,311) | | | | 6,242,117 | |
| |
Other assets less liabilities - (0.3)% | | | | (15,228 | ) |
| | | | | |
| |
Total net assets - 100.0%(2) | | | $ | 6,226,889 | |
| | | | | |
Artisan International Small-Mid Fund
Schedule of Investments (continued)
June 30, 2021 (Unaudited)
* | Non-income producing security. |
(1) | Affiliated company as defined under the Investment Company Act of 1940. |
(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.
| | |
Abbreviation |
ADR | | American Depositary Receipt |
| | |
PORTFOLIO DIVERSIFICATION
Dollar values in thousands
| | | | | | | | |
| | Value | | | Percentage of Total Investments | |
Communication Services | | $ | 45,435 | | | | 0.7 | % |
Consumer Discretionary | | | 516,217 | | | | 8.3 | |
Consumer Staples | | | 422,349 | | | | 6.8 | |
Energy | | | 45,416 | | | | 0.7 | |
Financials | | | 145,068 | | | | 2.3 | |
Health Care | | | 1,635,795 | | | | 26.2 | |
Industrials | | | 1,641,952 | | | | 26.3 | |
Information Technology | | | 1,507,333 | | | | 24.2 | |
Materials | | | 107,493 | | | | 1.7 | |
Real Estate | | | 79,664 | | | | 1.3 | |
Short-Term Investments | | | 95,395 | | | | 1.5 | |
| | | | | | | | |
Total investments | | $ | 6,242,117 | | | | 100.0 | % |
| | | | | | | | |
TRADING CURRENCIES
Dollar values in thousands
| | | | | | | | |
| | Value | | | Percentage of Total Investments | |
Australian dollar | | $ | 7,773 | | | | 0.1 | % |
Brazilian real | | | 93,271 | | | | 1.5 | |
British pound | | | 1,184,565 | | | | 19.0 | |
Canadian dollar | | | 271,892 | | | | 4.4 | |
Danish krone | | | 357,543 | | | | 5.7 | |
Euro | | | 880,468 | | | | 14.1 | |
Indian rupee | | | 49,230 | | | | 0.8 | |
Israel new shekel | | | 57,343 | | | | 0.9 | |
Japanese yen | | | 1,052,329 | | | | 16.9 | |
Swedish krona | | | 170,899 | | | | 2.7 | |
Swiss franc | | | 440,957 | | | | 7.1 | |
U.S. dollar | | | 1,675,847 | | | | 26.8 | |
| | | | | | | | |
Total investments | | $ | 6,242,117 | | | | 100.0 | % |
| | | | | | | | |
See notes to N-PORT Part F.
Artisan International Value Fund
Schedule of Investments
June 30, 2021 (Unaudited)
Principal amount, Shares and dollar values in thousands
| | | | | | | | |
| | Shares Held | | | Value | |
COMMON STOCKS AND EQUITY-LINKED SECURITY - 87.5% | |
|
Belgium - 2.8% | |
Groupe Bruxelles Lambert SA | | | 5,343 | | | $ | 597,690 | |
| | | | | | | | |
|
Brazil - 1.2% | |
Telefonica Brasil SA, ADR | | | 30,460 | | | | 258,909 | |
| | | | | | | | |
|
Canada - 7.2% | |
Alimentation Couche-Tard, Inc., Class B | | | 19,725 | | | | 724,794 | |
Imperial Oil Ltd. | | | 12,700 | | | | 387,077 | |
Suncor Energy, Inc. | | | 17,480 | | | | 418,680 | |
| | | | | | | | |
| | | | | | | 1,530,551 | |
| | | | | | | | |
|
China - 3.4% | |
Alibaba Group Holding Ltd., ADR* | | | 1,004 | | | | 227,677 | |
Anhui Conch Cement Co. Ltd., Class H | | | 36,046 | | | | 191,269 | |
Hengan International Group Co. Ltd. | | | 45,192 | | | | 302,663 | |
| | | | | | | | |
| | | | | | | 721,609 | |
| | | | | | | | |
|
Denmark - 0.2% | |
DSV Panalpina A/S | | | 218 | | | | 50,939 | |
| | | | | | | | |
|
Finland - 1.3% | |
Nokia OYJ, ADR* | | | 44,329 | | | | 235,828 | |
Nokia OYJ* | | | 9,633 | | | | 51,580 | |
| | | | | | | | |
| | | | | | | 287,408 | |
| | | | | | | | |
|
France - 7.8% | |
Danone SA | | | 10,101 | | | | 711,115 | |
Safran SA | | | 2,107 | | | | 292,063 | |
Sodexo SA* | | | 3,141 | | | | 293,087 | |
Sodexo SA (Registered Shares)*(1)(2) | | | 737 | | | | 68,801 | |
Vivendi SE | | | 8,932 | | | | 300,049 | |
| | | | | | | | |
| | | | | | | 1,665,115 | |
| | | | | | | | |
|
Germany - 3.7% | |
Fresenius Medical Care AG & Co. KGaA | | | 7,225 | | | | 600,068 | |
Hella GmbH & Co. KGaA* | | | 2,771 | | | | 189,806 | |
| | | | | | | | |
| | | | | | | 789,874 | |
| | | | | | | | |
|
India - 3.9% | |
HCL Technologies Ltd. | | | 48,613 | | | | 643,224 | |
Indus Towers Ltd. | | | 61,776 | | | | 198,342 | |
| | | | | | | | |
| | | | | | | 841,566 | |
| | | | | | | | |
|
Ireland - 3.3% | |
CRH plc | | | 8,641 | | | | 435,476 | |
Ryanair Holdings plc* | | | 1,846 | | | | 34,928 | |
Ryanair Holdings plc, Equity-Linked Security*(1)(3)(4) | | | 12,211 | | | | 231,088 | |
| | | | | | | | |
| | | | | | | 701,492 | |
| | | | | | | | |
|
Japan - 1.2% | |
Seven & i Holdings Co. Ltd. | | | 5,216 | | | | 248,706 | |
| | | | | | | | |
|
Mexico - 0.6% | |
Gruma SAB de CV, Class B | | | 10,422 | | | | 117,147 | |
| | | | | | | | |
|
Netherlands - 3.7% | |
ING Groep NV | | | 60,163 | | | | 794,707 | |
| | | | | | | | |
|
South Korea - 10.2% | |
NAVER Corp. | | | 1,933 | | | | 716,515 | |
Samsung Electronics Co. Ltd. | | | 15,390 | | | | 1,102,868 | |
Samsung Electronics Co. Ltd. (Preference) | | | 5,534 | | | | 362,197 | |
| | | | | | | | |
| | | | | | | 2,181,580 | |
| | | | | | | | |
|
Spain - 1.0% | |
CaixaBank SA | | | 70,414 | | | | 216,582 | |
| | | | | | | | |
|
Switzerland - 17.0% | |
ABB Ltd. | | | 28,718 | | | | 974,274 | |
Cie Financiere Richemont SA | | | 4,879 | | | | 590,284 | |
Credit Suisse Group AG | | | 20,422 | | | | 213,920 | |
Holcim Ltd.* | | | 7,473 | | | | 448,255 | |
Novartis AG | | | 9,285 | | | | 846,181 | |
UBS Group AG | | | 36,784 | | | | 562,947 | |
| | | | | | | | |
| | | | | | | 3,635,861 | |
| | | | | | | | |
|
United Kingdom - 13.4% | |
Berkeley Group Holdings plc | | | 2,183 | | | | 138,788 | |
CNH Industrial NV | | | 14,528 | | | | 239,887 | |
Compass Group plc* | | | 49,937 | | | | 1,051,374 | |
Inchcape plc | | | 5,149 | | | | 54,740 | |
Lloyds Banking Group plc | | | 670,932 | | | | 433,330 | |
RELX plc | | | 22,912 | | | | 608,214 | |
RELX plc | | | 4,331 | | | | 115,458 | |
Tesco plc | | | 69,297 | | | | 213,717 | |
| | | | | | | | |
| | | | | | | 2,855,508 | |
| | | | | | | | |
|
United States - 5.6% | |
Arch Capital Group Ltd.*(5) | | | 21,563 | | | | 839,680 | |
Tenaris SA | | | 24,060 | | | | 262,237 | |
Tenaris SA, ADR | | | 2,258 | | | | 49,450 | |
White Mountains Insurance Group Ltd. | | | 46 | | | | 52,852 | |
| | | | | | | | |
| | | | | | | 1,204,219 | |
| | | | | | | | |
Total common stocks and equity-linked security (Cost $13,532,654) | | | | 18,699,463 | |
| | | | | |
Artisan International Value Fund
Schedule of Investments (continued)
June 30, 2021 (Unaudited)
Principal amount, Shares and dollar values in thousands
| | | | | | | | |
SHORT-TERM INVESTMENTS - 11.9% | |
|
INVESTMENT COMPANIES - 11.9% | |
BlackRock Liquidity Funds Treasury Trust Fund - Institutional Class, 0.01% | | | 866,790 | | | $ | 866,790 | |
Federated Treasury Obligations Fund - Institutional Class, 0.01% | | | 841,297 | | | | 841,297 | |
Fidelity Investments Money Market Treasury Portfolio - Institutional Class, 0.01% | | | 841,297 | | | | 841,297 | |
| | | | | | | | |
| |
Total short-term investments (Cost $2,549,384) | | | | 2,549,384 | |
| | | | | |
| | |
| | Principal Amount | | | | |
CONVERTIBLE BOND - 0.1% | |
|
Switzerland - 0.1% | |
Credit Suisse Group Guernsey VII Ltd. Series BR, 3.00%, 11/12/2021 (Cost $8,171) | | $ | 7,361 | | | | 8,911 | |
| | | | | | | | |
| |
Total investments - 99.5% (Cost $16,090,209) | | | | 21,257,758 | |
| |
Other assets less liabilities - 0.5% | | | | 106,265 | |
| | | | | |
| |
Total net assets - 100.0%(6) | | | $ | 21,364,023 | |
| | | | | |
Artisan International Value Fund
Schedule of Investments (continued)
June 30, 2021 (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 $299,889, or 1.4% 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 | | | $ | 68,801 | | | | 0.3 | % |
(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 - 06/08/2021 | | | $ | 191,831 | | | $ | 231,088 | | | | 1.1 | % |
(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) | Affiliated company as defined under the Investment Company Act of 1940. |
(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/Definition
| | |
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 | |
USD | | | 214,824 | | | | JPY | | | | 23,300,593 | | | JPM | | | 10/21/2021 | | | $ | 4,856 | |
| | | | | | | | | | | | | | | | | | | | | | |
Net unrealized appreciation | | | | | | $ | 4,856 | |
| | | | | | | | |
| | |
JPY | | Japanese yen |
USD | | U.S. dollar |
JPM | | JPMorgan Chase Bank, N.A. |
Artisan International Value Fund
Schedule of Investments (continued)
June 30, 2021 (Unaudited)
PORTFOLIO DIVERSIFICATION
Dollar values in thousands
| | | | | | | | |
| | Value | | | Percentage of Total Investments | |
Communication Services | | $ | 1,473,815 | | | | 6.9 | % |
Consumer Discretionary | | | 2,614,557 | | | | 12.3 | |
Consumer Staples | | | 2,318,142 | | | | 10.9 | |
Energy | | | 1,117,444 | | | | 5.2 | |
Financials | | | 3,951,707 | | | | 18.6 | |
Health Care | | | 1,446,249 | | | | 6.8 | |
Industrials | | | 2,315,763 | | | | 10.9 | |
Information Technology | | | 2,395,697 | | | | 11.3 | |
Materials | | | 1,075,000 | | | | 5.1 | |
Short-Term Investments | | | 2,549,384 | | | | 12.0 | |
| | | | | | | | |
Total investments | | $ | 21,257,758 | | | | 100.0 | % |
| | | | | | | | |
TRADING CURRENCIES
Dollar values in thousands
| | | | | | | | |
| | Value | | | Percentage of Total Investments | |
British pound | | $ | 2,500,163 | | | | 11.8 | % |
Canadian dollar | | | 1,530,551 | | | | 7.2 | |
Danish krone | | | 50,939 | | | | 0.2 | |
Euro | | | 5,203,534 | | | | 24.5 | |
Hong Kong dollar | | | 493,932 | | | | 2.3 | |
Indian rupee | | | 841,566 | | | | 4.0 | |
Japanese yen | | | 248,706 | | | | 1.2 | |
Korean won | | | 2,181,580 | | | | 10.3 | |
Mexican peso | | | 117,147 | | | | 0.5 | |
Swiss franc | | | 3,644,772 | | | | 17.1 | |
U.S. dollar | | | 4,444,868 | | | | 20.9 | |
| | | | | | | | |
Total investments | | $ | 21,257,758 | | | | 100.0 | % |
| | | | | | | | |
See notes to N-PORT Part F.
Artisan Mid Cap Fund
Schedule of Investments
June 30, 2021 (Unaudited)
Shares and dollar values in thousands
| | | | | | | | |
| | Shares Held | | | Value | |
COMMON STOCKS - 98.3% | |
|
Aerospace & Defense - 1.3% | |
Teledyne Technologies, Inc.* | | | 229 | | | $ | 95,744 | |
| | | | | | | | |
|
Auto Components - 1.8% | |
Aptiv plc* | | | 839 | | | | 132,075 | |
| | | | | | | | |
|
Banks - 3.3% | |
First Republic Bank | | | 593 | | | | 111,005 | |
SVB Financial Group* | | | 242 | | | | 134,719 | |
| | | | | | | | |
| | | | | | | 245,724 | |
| | | | | | | | |
|
Beverages - 0.5% | |
Boston Beer Co., Inc. (The), Class A* | | | 36 | | | | 36,517 | |
| | | | | | | | |
|
Biotechnology - 9.0% | |
Argenx SE, ADR*(1) | | | 440 | | | | 132,393 | |
Ascendis Pharma A/S, ADR*(1) | | | 1,081 | | | | 142,177 | |
BioNTech SE, ADR*(1) | | | 336 | | | | 75,218 | |
Exact Sciences Corp.* | | | 1,092 | | | | 135,685 | |
Genmab A/S*(1) | | | 399 | | | | 163,302 | |
Sage Therapeutics, Inc.* | | | 468 | | | | 26,599 | |
| | | | | | | | |
| | | | | | | 675,374 | |
| | | | | | | | |
|
Building Products - 1.2% | |
Advanced Drainage Systems, Inc. | | | 486 | | | | 56,661 | |
Trex Co., Inc.* | | | 363 | | | | 37,075 | |
| | | | | | | | |
| | | | | | | 93,736 | |
| | | | | | | | |
|
Capital Markets - 6.4% | |
LPL Financial Holdings, Inc. | | | 454 | | | | 61,340 | |
MSCI, Inc. | | | 288 | | | | 153,733 | |
Nasdaq, Inc. | | | 741 | | | | 130,198 | |
Tradeweb Markets, Inc., Class A | | | 1,597 | | | | 135,082 | |
| | | | | | | | |
| | | | | | | 480,353 | |
| | | | | | | | |
|
Communications Equipment - 1.5% | |
Arista Networks, Inc.* | | | 306 | | | | 110,823 | |
| | | | | | | | |
|
Containers & Packaging - 1.1% | |
Ball Corp. | | | 984 | | | | 79,732 | |
| | | | | | | | |
|
Diversified Consumer Services - 2.4% | |
Bright Horizons Family Solutions, Inc.* | | | 251 | | | | 36,962 | |
Chegg, Inc.* | | | 1,756 | | | | 145,972 | |
| | | | | | | | |
| | | | | | | 182,934 | |
| | | | | | | | |
|
Electrical Equipment - 2.2% | |
Generac Holdings, Inc.* | | | 403 | | | | 167,464 | |
| | | | | | | | |
|
Electronic Equipment, Instruments & Components - 3.2% | |
Cognex Corp. | | | 785 | | | | 65,976 | |
IPG Photonics Corp.* | | | 322 | | | | 67,775 | |
Trimble, Inc.* | | | 1,339 | | | | 109,569 | |
| | | | | | | | |
| | | | | | | 243,320 | |
| | | | | | | | |
|
Entertainment - 5.2% | |
Roku, Inc.* | | | 332 | | | | 152,357 | |
Zynga, Inc., Class A* | | | 22,104 | | | | 234,970 | |
| | | | | | | | |
| | | | | | | 387,327 | |
| | | | | | | | |
|
Health Care Equipment & Supplies - 4.4% | |
Dexcom, Inc.* | | | 431 | | | | 184,057 | |
West Pharmaceutical Services, Inc. | | | 412 | | | | 147,964 | |
| | | | | | | | |
| | | | | | | 332,021 | |
| | | | | | | | |
|
Health Care Technology - 3.5% | |
Veeva Systems, Inc., Class A* | | | 838 | | | | 260,458 | |
| | | | | | | | |
|
Hotels, Restaurants & Leisure - 2.3% | |
Chipotle Mexican Grill, Inc.* | | | 90 | | | | 139,534 | |
DraftKings, Inc., Class A* | | | 704 | | | | 36,750 | |
| | | | | | | | |
| | | | | | | 176,284 | |
| | | | | | | | |
|
Interactive Media & Services - 3.5% | |
Match Group, Inc.* | | | 1,230 | | | | 198,401 | |
ZoomInfo Technologies, Inc., Class A* | | | 1,168 | | | | 60,921 | |
| | | | | | | | |
| | | | | | | 259,322 | |
| | | | | | | | |
|
Internet & Direct Marketing Retail - 3.0% | |
Chewy, Inc., Class A* | | | 529 | | | | 42,147 | |
Farfetch Ltd., Class A*(1) | | | 726 | | | | 36,556 | |
Wayfair, Inc., Class A* | | | 475 | | | | 150,092 | |
| | | | | | | | |
| | | | | | | 228,795 | |
| | | | | | | | |
|
IT Services - 5.1% | |
BigCommerce Holdings, Inc., Series 1* | | | 944 | | | | 61,278 | |
Global Payments, Inc. | | | 1,710 | | | | 320,603 | |
| | | | | | | | |
| | | | | | | 381,881 | |
| | | | | | | | |
|
Leisure Products - 1.8% | |
Peloton Interactive, Inc., Class A* | | | 741 | | | | 91,842 | |
YETI Holdings, Inc.* | | | 509 | | | | 46,756 | |
| | | | | | | | |
| | | | | | | 138,598 | |
| | | | | | | | |
|
Life Sciences Tools & Services - 1.9% | |
Agilent Technologies, Inc. | | | 640 | | | | 94,622 | |
Evotec SE*(1) | | | 1,008 | | | | 45,685 | |
| | | | | | | | |
| | | | | | | 140,307 | |
| | | | | | | | |
|
Machinery - 4.5% | |
Fortive Corp. | | | 1,844 | | | | 128,580 | |
IDEX Corp. | | | 290 | | | | 63,740 | |
Ingersoll Rand, Inc.* | | | 3,022 | | | | 147,519 | |
| | | | | | | | |
| | | | | | | 339,839 | |
| | | | | | | | |
|
Media - 1.2% | |
New York Times Co. (The), Class A | | | 2,082 | | | | 90,676 | |
| | | | | | | | |
|
Pharmaceuticals - 2.3% | |
Catalent, Inc.* | | | 1,564 | | | | 169,058 | |
| | | | | | | | |
|
Professional Services - 1.5% | |
TransUnion | | | 1,043 | | | | 114,528 | |
| | | | | | | | |
|
Road & Rail - 1.3% | |
Lyft, Inc., Class A* | | | 1,599 | | | | 96,688 | |
| | | | | | | | |
|
Semiconductors & Semiconductor Equipment - 4.0% | |
Entegris, Inc. | | | 467 | | | | 57,441 | |
Lattice Semiconductor Corp.* | | | 2,246 | | | | 126,160 | |
Skyworks Solutions, Inc. | | | 608 | | | | 116,635 | |
| | | | | | | | |
| | | | | | | 300,236 | |
| | | | | | | | |
|
Software - 16.1% | |
Atlassian Corp. plc, Class A* | | | 1,062 | | | | 272,842 | |
Bill.com Holdings, Inc.* | | | 290 | | | | 53,159 | |
Ceridian HCM Holding, Inc.* | | | 1,004 | | | | 96,350 | |
Datadog, Inc., Class A* | | | 1,313 | | | | 136,637 | |
Artisan Mid Cap Fund
Schedule of Investments (continued)
June 30, 2021 (Unaudited)
Shares and dollar values in thousands
| | | | | | | | |
HubSpot, Inc.* | | | 518 | | | | 301,766 | |
JFrog Ltd.*(1) | | | 911 | | | | 41,491 | |
Synopsys, Inc.* | | | 371 | | | | 102,229 | |
Tyler Technologies, Inc.* | | | 169 | | | | 76,574 | |
Zscaler, Inc.* | | | 604 | | | | 130,582 | |
| | | | | | | | |
| | | | | | | 1,211,630 | |
| | | | | | | | |
|
Specialty Retail - 2.1% | |
Burlington Stores, Inc.* | | | 484 | | | | 155,710 | |
| | | | | | | | |
|
Textiles, Apparel & Luxury Goods - 0.7% | |
Lululemon Athletica, Inc.* | | | 149 | | | | 54,294 | |
| | | | | | | | |
| |
Total common stocks (Cost $3,995,677) | | | | 7,381,448 | |
| | | | | |
|
SHORT-TERM INVESTMENTS - 0.9% | |
|
INVESTMENT COMPANIES - 0.9% | |
BlackRock Liquidity Funds Treasury Trust Fund - Institutional Class, 0.01% | | | 21,709 | | | | 21,709 | |
Federated Treasury Obligations Fund - Institutional Class, 0.01% | | | 21,071 | | | | 21,071 | |
Fidelity Investments Money Market Treasury Portfolio - Institutional Class, 0.01% | | | 21,071 | | | | 21,071 | |
| | | | | | | | |
| |
Total short-term investments (Cost $63,851) | | | | 63,851 | |
| | | | | |
| |
Total investments - 99.2% (Cost $4,059,528) | | | | 7,445,299 | |
| |
Other assets less liabilities - 0.8% | | | | 56,891 | |
| | | | | |
| |
Total net assets - 100.0%(2) | | | $ | 7,502,190 | |
| | | | | |
Artisan Mid Cap Fund
Schedule of Investments (continued)
June 30, 2021 (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 |
Farfetch Ltd. | | United Kingdom | | U.S. dollar |
Genmab A/S | | Denmark | | Danish krone |
JFrog Ltd. | | Israel | | 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.
| | |
Abbreviation |
ADR | | American Depositary Receipt |
PORTFOLIO DIVERSIFICATION
Dollar values in thousands
| | | | | | | | |
| | Value | | | Percentage of Total Investments | |
Communication Services | | $ | 737,325 | | | | 9.9 | % |
Consumer Discretionary | | | 1,068,690 | | | | 14.3 | |
Consumer Staples | | | 36,517 | | | | 0.5 | |
Financials | | | 726,077 | | | | 9.7 | |
Health Care | | | 1,577,218 | | | | 21.2 | |
Industrials | | | 907,999 | | | | 12.2 | |
Information Technology | | | 2,247,890 | | | | 30.2 | |
Materials | | | 79,732 | | | | 1.1 | |
Short-Term Investments | | | 63,851 | | | | 0.9 | |
| | | | | | | | |
Total investments | | $ | 7,445,299 | | | | 100.0 | % |
| | | | | | | | |
TRADING CURRENCIES
Dollar values in thousands
| | | | | | | | |
| | Value | | | Percentage of Total Investments | |
Danish krone | | $ | 163,302 | | | | 2.2 | % |
Euro | | | 45,685 | | | | 0.6 | |
U.S. dollar | | | 7,236,312 | | | | 97.2 | |
| | | | | | | | |
Total investments | | $ | 7,445,299 | | | | 100.0 | % |
| | | | | | | | |
See notes to N-PORT Part F.
Artisan Mid Cap Value Fund
Schedule of Investments
June 30, 2021 (Unaudited)
Shares and dollar values in thousands
| | | | | | | | |
| | Shares Held | | | Value | |
COMMON STOCKS - 97.0% | |
|
Air Freight & Logistics - 2.2% | |
Expeditors International of Washington, Inc. | | | 367 | | | $ | 46,466 | |
| | | | | | | | |
|
Auto Components - 4.7% | |
BorgWarner, Inc. | | | 1,080 | | | | 52,410 | |
Gentex Corp. | | | 1,422 | | | | 47,042 | |
| | | | | | | | |
| | | | | | | 99,452 | |
| | | | | | | | |
|
Automobiles - 1.5% | |
Thor Industries, Inc. | | | 280 | | | | 31,628 | |
| | | | | | | | |
|
Banks - 2.0% | |
Fifth Third Bancorp | | | 272 | | | | 10,390 | |
M&T Bank Corp. | | | 220 | | | | 31,975 | |
| | | | | | | | |
| | | | | | | 42,365 | |
| | | | | | | | |
|
Capital Markets - 4.7% | |
Moelis & Co., Class A | | | 943 | | | | 53,636 | |
Northern Trust Corp. | | | 398 | | | | 46,036 | |
| | | | | | | | |
| | | | | | | 99,672 | |
| | | | | | | | |
|
Chemicals - 3.8% | |
Celanese Corp. | | | 243 | | | | 36,801 | |
Corteva, Inc. | | | 978 | | | | 43,372 | |
| | | | | | | | |
| | | | | | | 80,173 | |
| | | | | | | | |
|
Consumer Finance - 3.0% | |
Synchrony Financial | | | 1,320 | | | | 64,044 | |
| | | | | | | | |
|
Diversified Consumer Services - 1.7% | |
H&R Block, Inc. | | | 1,495 | | | | 35,104 | |
| | | | | | | | |
|
Electric Utilities - 2.2% | |
OGE Energy Corp. | | | 1,375 | | | | 46,275 | |
| | | | | | | | |
|
Electrical Equipment - 2.4% | |
nVent Electric plc | | | 1,636 | | | | 51,123 | |
| | | | | | | | |
|
Entertainment - 3.3% | |
Electronic Arts, Inc. | | | 252 | | | | 36,253 | |
Lions Gate Entertainment Corp., Class A* | | | 572 | | | | 11,850 | |
Lions Gate Entertainment Corp., Class B* | | | 1,197 | | | | 21,904 | |
| | | | | | | | |
| | | | | | | 70,007 | |
| | | | | | | | |
|
Equity Real Estate Investment Trusts (REITs) - 7.5% | |
Equity Commonwealth | | | 1,186 | | | | 31,072 | |
Lamar Advertising Co., Class A | | | 548 | | | | 57,237 | |
PS Business Parks, Inc. | | | 143 | | | | 21,188 | |
Public Storage | | | 93 | | | | 27,903 | |
STORE Capital Corp. | | | 601 | | | | 20,729 | |
| | | | | | | | |
| | | | | | | 158,129 | |
| | | | | | | | |
|
Food & Staples Retailing - 3.3% | |
Kroger Co. (The) | | | 965 | | | | 36,980 | |
Sysco Corp. | | | 415 | | | | 32,263 | |
| | | | | | | | |
| | | | | | | 69,243 | |
| | | | | | | | |
|
Food Products - 2.1% | |
Tyson Foods, Inc., Class A | | | 615 | | | | 45,338 | |
| | | | | | | | |
|
Health Care Equipment & Supplies - 2.6% | |
DENTSPLY SIRONA, Inc. | | | 862 | | | | 54,511 | |
| | | | | | | | |
|
Health Care Providers & Services - 3.9% | |
AmerisourceBergen Corp. | | | 325 | | | | 37,168 | |
Centene Corp.* | | | 633 | | | | 46,141 | |
| | | | | | | | |
| | | | | | | 83,309 | |
| | | | | | | | |
|
Hotels, Restaurants & Leisure - 7.7% | |
Expedia Group, Inc.* | | | 445 | | | | 72,910 | |
Marriott International, Inc., Class A* | | | 330 | | | | 45,031 | |
Vail Resorts, Inc.* | | | 142 | | | | 44,882 | |
| | | | | | | | |
| | | | | | | 162,823 | |
| | | | | | | | |
|
Insurance - 7.1% | |
Arch Capital Group Ltd.* | | | 1,312 | | | | 51,083 | |
Globe Life, Inc. | | | 561 | | | | 53,391 | |
Progressive Corp. (The) | | | 456 | | | | 44,802 | |
| | | | | | | | |
| | | | | | | 149,276 | |
| | | | | | | | |
|
Interactive Media & Services - 3.1% | |
IAC/InterActiveCorp* | | | 287 | | | | 44,276 | |
Vimeo, Inc.* | | | 415 | | | | 20,322 | |
| | | | | | | | |
| | | | | | | 64,598 | |
| | | | | | | | |
|
Machinery - 1.5% | |
Otis Worldwide Corp. | | | 374 | | | | 30,590 | |
| | | | | | | | |
|
Marine - 1.5% | |
Kirby Corp.* | | | 537 | | | | 32,580 | |
| | | | | | | | |
|
Media - 7.9% | |
Liberty Broadband Corp., Class C* | | | 125 | | | | 21,663 | |
Liberty Media Corp-Liberty SiriusXM, Class A* | | | 462 | | | | 21,543 | |
Liberty Media Corp-Liberty SiriusXM, Class C* | | | 460 | | | | 21,324 | |
News Corp., Class A | | | 2,299 | | | | 59,244 | |
Omnicom Group, Inc. | | | 531 | | | | 42,462 | |
| | | | | | | | |
| | | | | | | 166,236 | |
| | | | | | | | |
|
Real Estate Management & Development - 1.5% | |
Jones Lang LaSalle, Inc.* | | | 161 | | | | 31,533 | |
| | | | | | | | |
|
Road & Rail - 3.4% | |
AMERCO | | | 121 | | | | 71,508 | |
| | | | | | | | |
|
Semiconductors & Semiconductor Equipment - 4.0% | |
Analog Devices, Inc. | | | 485 | | | | 83,513 | |
| | | | | | | | |
|
Software - 2.0% | |
Check Point Software Technologies Ltd.*(1) | | | 371 | | | | 43,090 | |
| | | | | | | | |
|
Specialty Retail - 2.4% | |
AutoNation, Inc.* | | | 539 | | | | 51,068 | |
| | | | | | | | |
|
Technology Hardware, Storage & Peripherals - 1.7% | |
NetApp, Inc. | | | 448 | | | | 36,654 | |
| | | | | | | | |
|
Trading Companies & Distributors - 2.3% | |
Air Lease Corp. | | | 1,181 | | | | 49,309 | |
| | | | | | | | |
Total common stocks (Cost $1,125,780) | | | | 2,049,617 | |
| | | | | |
Artisan Mid Cap Value Fund
Schedule of Investments (continued)
June 30, 2021 (Unaudited)
Shares and dollar values in thousands
| | | | | | | | |
SHORT-TERM INVESTMENTS - 3.0% | |
|
INVESTMENT COMPANIES - 3.0% | |
BlackRock Liquidity Funds Treasury Trust Fund - Institutional Class, 0.01% | | | 21,825 | | | | 21,825 | |
Federated Treasury Obligations Fund - Institutional Class, 0.01% | | | 21,183 | | | | 21,183 | |
Fidelity Investments Money Market Treasury Portfolio - Institutional Class, 0.01% | | | 21,183 | | | | 21,183 | |
| | | | | | | | |
| |
Total short-term investments (Cost $64,191) | | | | 64,191 | |
| | | | | |
| |
Total investments - 100.0% (Cost $1,189,971) | | | | 2,113,808 | |
| |
Other assets less liabilities - 0.0%(2) | | | | 499 | |
| | | | | |
| |
Total net assets - 100.0%(3) | | | $ | 2,114,307 | |
| | | | | |
Artisan Mid Cap Value Fund
Schedule of Investments (continued)
June 30, 2021 (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 |
Check Point Software Technologies Ltd. | | Israel | | U.S. dollar |
(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.
PORTFOLIO DIVERSIFICATION
Dollar values in thousands
| | | | | | | | |
| | Value | | | Percentage of Total Investments | |
Communication Services | | $ | 300,841 | | | | 14.2 | % |
Consumer Discretionary | | | 380,075 | | | | 18.0 | |
Consumer Staples | | | 114,581 | | | | 5.4 | |
Financials | | | 355,357 | | | | 16.8 | |
Health Care | | | 137,820 | | | | 6.6 | |
Industrials | | | 281,576 | | | | 13.3 | |
Information Technology | | | 163,257 | | | | 7.7 | |
Materials | | | 80,173 | | | | 3.8 | |
Real Estate | | | 189,662 | | | | 9.0 | |
Utilities | | | 46,275 | | | | 2.2 | |
Short-Term Investments | | | 64,191 | | | | 3.0 | |
| | | | | | | | |
Total investments | | $ | 2,113,808 | | | | 100.0 | % |
| | | | | | | | |
See notes to N-PORT Part F.
Artisan Select Equity Fund
Schedule of Investments
June 30, 2021 (Unaudited)
Shares and dollar values in thousands
| | | | | | | | |
| | Shares Held | | | Value | |
|
COMMON STOCKS - 90.4% | |
|
Aerospace & Defense - 1.7% | |
BAE Systems plc(1) | | | 59 | | | $ | 426 | |
| | | | | | | | |
|
Air Freight & Logistics - 1.7% | |
FedEx Corp. | | | 1 | | | | 439 | |
| | | | | | | | |
|
Airlines - 1.8% | |
Southwest Airlines Co.* | | | 9 | | | | 469 | |
| | | | | | | | |
|
Automobiles - 1.9% | |
Harley-Davidson, Inc. | | | 10 | | | | 470 | |
| | | | | | | | |
|
Banks - 4.7% | |
Citigroup, Inc. | | | 17 | | | | 1,203 | |
| | | | | | | | |
|
Capital Markets - 4.9% | |
Bank of New York Mellon Corp. (The) | | | 24 | | | | 1,244 | |
| | | | | | | | |
|
Construction Materials - 4.3% | |
HeidelbergCement AG(1) | | | 13 | | | | 1,087 | |
| | | | | | | | |
|
Consumer Finance - 5.7% | |
American Express Co. | | | 9 | | | | 1,445 | |
| | | | | | | | |
|
Diversified Financial Services - 5.3% | |
Berkshire Hathaway, Inc., Class B* | | | 5 | | | | 1,342 | |
| | | | | | | | |
|
Food & Staples Retailing - 0.9% | |
Sprouts Farmers Market, Inc.* | | | 10 | | | | 239 | |
| | | | | | | | |
|
Food Products - 3.5% | |
Danone SA(1) | | | 13 | | | | 888 | |
| | | | | | | | |
|
Health Care Equipment & Supplies - 4.6% | |
DENTSPLY SIRONA, Inc. | | | 19 | | | | 1,173 | |
| | | | | | | | |
|
Health Care Providers & Services - 6.0% | |
Anthem, Inc. | | | 4 | | | | 1,518 | |
| | | | | | | | |
|
Hotels, Restaurants & Leisure - 8.6% | |
Booking Holdings, Inc.* | | | - | (2) | | | 1,088 | |
Expedia Group, Inc.* | | | 7 | | | | 1,088 | |
| | | | | | | | |
| | | | | | | 2,176 | |
| | | | | | | | |
|
Insurance - 6.9% | |
Marsh & McLennan Cos., Inc. | | | 6 | | | | 858 | |
Progressive Corp. (The) | | | 9 | | | | 893 | |
| | | | | | | | |
| | | | | | | 1,751 | |
| | | | | | | | |
|
Interactive Media & Services - 11.1% | |
Alphabet, Inc., Class A* | | | 1 | | | | 1,389 | |
Facebook, Inc., Class A* | | | 4 | | | | 1,442 | |
| | | | | | | | |
| | | | | | | 2,831 | |
| | | | | | | | |
|
IT Services - 3.2% | |
Visa, Inc., Class A | | | 4 | | | | 819 | |
| | | | | | | | |
|
Pharmaceuticals - 3.9% | |
Novartis AG, ADR(1) | | | 11 | | | | 993 | |
| | | | | | | | |
|
Specialty Retail - 4.6% | |
Advance Auto Parts, Inc. | | | 6 | | | | 1,175 | |
| | | | | | | | |
|
Technology Hardware, Storage & Peripherals - 5.1% | |
Samsung Electronics Co. Ltd.(1) | | | 18 | | | | 1,306 | |
| | | | | | | | |
| |
Total common stocks (Cost $17,769) | | | | 22,994 | |
| | | | | |
|
SHORT-TERM INVESTMENTS - 8.7% | |
|
INVESTMENT COMPANIES - 8.7% | |
BlackRock Liquidity Funds Treasury Trust Fund - Institutional Class, 0.01% | | | 753 | | | | 753 | |
Federated Treasury Obligations Fund - Institutional Class, 0.01% | | | 730 | | | | 730 | |
Fidelity Investments Money Market Treasury Portfolio - Institutional Class, 0.01% | | | 731 | | | | 731 | |
| | | | | | | | |
| |
Total short-term investments (Cost $2,214) | | | | 2,214 | |
| | | | | |
| |
Total investments - 99.1% (Cost $19,983) | | | | 25,208 | |
| |
Other assets less liabilities - 0.9% | | | | 225 | |
| | | | | |
| |
Total net assets - 100.0%(3) | | | $ | 25,433 | |
| | | | | |
Artisan Select Equity Fund
Schedule of Investments (continued)
June 30, 2021 (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 |
Danone SA | | France | | Euro |
HeidelbergCement AG | | Germany | | Euro |
Novartis AG | | Switzerland | | U.S. dollar |
Samsung Electronics Co. Ltd. | | South Korea | | Korean won |
(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 | | $ | 2,831 | | | | 11.2 | % |
Consumer Discretionary | | | 3,821 | | | | 15.2 | |
Consumer Staples | | | 1,127 | | | | 4.5 | |
Financials | | | 6,985 | | | | 27.7 | |
Health Care | | | 3,684 | | | | 14.6 | |
Industrials | | | 1,334 | | | | 5.3 | |
Information Technology | | | 2,125 | | | | 8.4 | |
Materials | | | 1,087 | | | | 4.3 | |
Short-Term Investments | | | 2,214 | | | | 8.8 | |
| | | | | | | | |
Total investments | | $ | 25,208 | | | | 100.0 | % |
| | | | | | | | |
TRADING CURRENCIES
Dollar values in thousands
| | | | | | | | |
| | Value | | | Percentage of Total Investments | |
British pound | | $ | 426 | | | | 1.7 | % |
Euro | | | 1,975 | | | | 7.8 | |
Korean won | | | 1,306 | | | | 5.2 | |
U.S. dollar | | | 21,501 | | | | 85.3 | |
| | | | | | | | |
Total investments | | $ | 25,208 | | | | 100.0 | % |
| | | | | | | | |
See notes to N-PORT Part F.
Artisan Small Cap Fund
Schedule of Investments
June 30, 2021 (Unaudited)
Shares and dollar values in thousands
| | | | | | | | |
| | Shares Held | | | Value | |
|
COMMON STOCKS - 99.1% | |
|
Biotechnology - 19.5% | |
Acceleron Pharma, Inc. * | | | 462 | | | $ | 57,938 | |
Argenx SE, ADR *(1) | | | 381 | | | | 114,644 | |
Ascendis Pharma A/S, ADR *(1) | | | 743 | | | | 97,686 | |
Denali Therapeutics, Inc. * | | | 361 | | | | 28,291 | |
Halozyme Therapeutics, Inc. * | | | 4,999 | | | | 227,012 | |
Invitae Corp. * | | | 588 | | | | 19,844 | |
Iovance Biotherapeutics, Inc. * | | | 1,883 | | | | 48,985 | |
Orchard Therapeutics plc, ADR *(1) | | | 5,012 | | | | 22,004 | |
Radius Health, Inc. * | | | 1,028 | | | | 18,756 | |
Sage Therapeutics, Inc. * | | | 266 | | | | 15,117 | |
Twist Bioscience Corp. * | | | 63 | | | | 8,335 | |
Veracyte, Inc. * | | | 2,906 | | | | 116,177 | |
Vericel Corp. * | | | 382 | | | | 20,054 | |
Y-mAbs Therapeutics, Inc. * | | | 841 | | | | 28,415 | |
| | | | | | | | |
| | | | | | | 823,258 | |
| | | | | | | | |
|
Building Products - 2.2% | |
Advanced Drainage Systems, Inc. | | | 466 | | | | 54,288 | |
Trex Co., Inc. * | | | 281 | | | | 28,743 | |
View, Inc. * | | | 1,219 | | | | 10,334 | |
| | | | | | | | |
| | | | | | | 93,365 | |
| | | | | | | | |
|
Capital Markets - 1.9% | |
Aspirational Consumer Lifestyle Corp. *(1)(2)(3)(4) | | | 1,000 | | | | 9,802 | |
Aspirational Consumer Lifestyle Corp., Class A *(1) | | | 1,032 | | | | 10,303 | |
Morningstar, Inc. | | | 196 | | | | 50,445 | |
One *(2)(3)(4) | | | 500 | | | | 4,701 | |
One, Class A * | | | 302 | | | | 3,011 | |
| | | | | | | | |
| | | | | | | 78,262 | |
| | | | | | | | |
|
Chemicals - 0.2% | |
Zymergen, Inc. * | | | 219 | | | | 8,776 | |
| | | | | | | | |
|
Construction & Engineering - 1.6% | |
Valmont Industries, Inc. | | | 292 | | | | 68,985 | |
| | | | | | | | |
|
Diversified Consumer Services - 5.7% | |
Bright Horizons Family Solutions, Inc. * | | | 344 | | | | 50,579 | |
Chegg, Inc. * | | | 2,265 | | | | 188,266 | |
| | | | | | | | |
| | | | | | | 238,845 | |
| | | | | | | | |
|
Diversified Telecommunication Services - 0.7% | |
Bandwidth, Inc., Class A * | | | 229 | | | | 31,540 | |
| | | | | | | | |
|
Electrical Equipment - 1.2% | |
Array Technologies, Inc. * | | | 814 | | | | 12,698 | |
Shoals Technologies Group, Inc., Class A * | | | 1,076 | | | | 38,185 | |
| | | | | | | | |
| | | | | | | 50,883 | |
| | | | | | | | |
|
Electronic Equipment, Instruments & Components - 2.3% | |
Novanta, Inc. * | | | 708 | | | | 95,388 | |
| | | | | | | | |
|
Entertainment - 3.7% | |
Zynga, Inc., Class A * | | | 14,718 | | | | 156,448 | |
| | | | | | | | |
|
Food & Staples Retailing - 1.6% | |
Casey’s General Stores, Inc. | | | 357 | | | | 69,525 | |
| | | | | | | | |
|
Health Care Equipment & Supplies - 4.6% | |
Glaukos Corp. * | | | 700 | | | | 59,402 | |
Shockwave Medical, Inc. * | | | 551 | | | | 104,507 | |
Vapotherm, Inc. *(5) | | | 1,379 | | | | 32,611 | |
| | | | | | | | |
| | | | | | | 196,520 | |
| | | | | | | | |
|
Health Care Providers & Services - 0.5% | |
Option Care Health, Inc. * | | | 933 | | | | 20,401 | |
| | | | | | | | |
|
Health Care Technology - 0.7% | |
OptimizeRx Corp. * | | | 492 | | | | 30,454 | |
| | | | | | | | |
|
Hotels, Restaurants & Leisure - 3.2% | |
Papa John’s International, Inc. | | | 568 | | | | 59,322 | |
Wingstop, Inc. | | | 474 | | | | 74,750 | |
| | | | | | | | |
| | | | | | | 134,072 | |
| | | | | | | | |
|
Household Durables - 0.2% | |
Installed Building Products, Inc. | | | 73 | | | | 8,909 | |
| | | | | | | | |
|
Interactive Media & Services - 1.2% | |
Eventbrite, Inc., Class��A * | | | 932 | | | | 17,701 | |
Genius Sports Ltd. *(1) | | | 1,773 | | | | 33,285 | |
| | | | | | | | |
| | | | | | | 50,986 | |
| | | | | | | | |
|
Internet & Direct Marketing Retail - 0.8% | |
ThredUp, Inc., Class A * | | | 1,127 | | | | 32,783 | |
| | | | | | | | |
|
IT Services - 3.2% | |
BigCommerce Holdings, Inc., Series 1 * | | | 1,039 | | | | 67,449 | |
Evo Payments, Inc., Class A * | | | 2,505 | | | | 69,501 | |
| | | | | | | | |
| | | | | | | 136,950 | |
| | | | | | | | |
|
Leisure Products - 1.7% | |
YETI Holdings, Inc. * | | | 788 | | | | 72,314 | |
| | | | | | | | |
|
Life Sciences Tools & Services - 4.1% | |
NeoGenomics, Inc. * | | | 3,073 | | | | 138,805 | |
Repligen Corp. * | | | 110 | | | | 22,035 | |
Seer, Inc. * | | | 430 | | | | 14,101 | |
| | | | | | | | |
| | | | | | | 174,941 | |
| | | | | | | | |
|
Machinery - 3.3% | |
Colfax Corp. * | | | 1,025 | | | | 46,961 | |
Ingersoll Rand, Inc. * | | | 1,912 | | | | 93,335 | |
| | | | | | | | |
| | | | | | | 140,296 | |
| | | | | | | | |
|
Semiconductors & Semiconductor Equipment - 7.1% | |
Cree, Inc. * | | | 333 | | | | 32,656 | |
Lattice Semiconductor Corp. * | | | 2,770 | | | | 155,602 | |
Monolithic Power Systems, Inc. | | | 294 | | | | 109,849 | |
| | | | | | | | |
| | | | | | | 298,107 | |
| | | | | | | | |
|
Software - 26.4% | |
Avalara, Inc. * | | | 503 | | | | 81,357 | |
Bentley Systems, Inc., Class B | | | 830 | | | | 53,759 | |
Blackline, Inc. * | | | 1,463 | | | | 162,758 | |
BTRS Holdings, Inc. * | | | 1,278 | | | | 16,134 | |
Guidewire Software, Inc. * | | | 752 | | | | 84,719 | |
HubSpot, Inc. * | | | 411 | | | | 239,574 | |
JFrog Ltd.*(1) | | | 984 | | | | 44,812 | |
LivePerson, Inc. * | | | 2,115 | | | | 133,737 | |
Olo, Inc., Class A * | | | 586 | | | | 21,907 | |
Q2 Holdings, Inc. * | | | 1,371 | | | | 140,598 | |
Smartsheet, Inc., Class A * | | | 481 | | | | 34,783 | |
Tyler Technologies, Inc. * | | | 171 | | | | 77,285 | |
Artisan Small Cap Fund
Schedule of Investments (continued)
June 30, 2021 (Unaudited)
Shares and dollar values in thousands
| | | | | | | | |
Workiva, Inc. * | | | 208 | | | | 23,133 | |
| | | | | | | | |
| | | | | | | 1,114,556 | |
| | | | | | | | |
|
Specialty Retail - 1.5% | |
Floor & Decor Holdings, Inc., Class A * | | | 605 | | | | 63,898 | |
| | | | | | | | |
Total common stocks (Cost $2,616,804) | | | | 4,190,462 | |
| | | | | |
|
SHORT-TERM INVESTMENTS - 1.0% | |
|
INVESTMENT COMPANIES - 1.0% | |
BlackRock Liquidity Funds Treasury Trust Fund - Institutional Class, 0.01% | | | 14,109 | | | | 14,109 | |
Federated Treasury Obligations Fund - Institutional Class, 0.01% | | | 13,695 | | | | 13,695 | |
Fidelity Investments Money Market Treasury Portfolio - Institutional Class, 0.01% | | | 13,694 | | | | 13,694 | |
| | | | | | | | |
| |
Total short-term investments (Cost $41,498) | | | | 41,498 | |
| | | | | |
| |
Total investments - 100.1% (Cost $2,658,302) | | | | 4,231,960 | |
| |
Other assets less liabilities - (0.1%) | | | | (5,249 | ) |
| | | | | |
| |
Total net assets - 100.0%(6) | | | $ | 4,226,711 | |
| | | | | |
Artisan Small Cap Fund
Schedule of Investments (continued)
June 30, 2021 (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 |
Aspirational Consumer Lifestyle Corp. | | Singapore | | U.S. dollar |
Genius Sports Ltd. | | United Kingdom | | U.S. dollar |
JFrog Ltd. | | Israel | | U.S. dollar |
Orchard Therapeutics plc | | United Kingdom | | 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 $14,503, or 0.3% of total net assets. See notes (A) and (B) in the accompanying notes. |
(3) | Security is restricted. In total, securities restricted were $14,503, or 0.3% of total net assets. Security was acquired in a PIPE – Private Investment in Public Equity, on the date noted below. |
| | | | | | | | | | | | | | | | |
Security | | Acquisition Date | | | Unfunded Amount | | | Value | | | Percentage of Total Net Assets | |
Aspirational Consumer Lifestyle Corp. | | | 01/29/2021 | | | $ | 10,000 | | | $ | 9,802 | | | | 0.2 | % |
One | | | 02/23/2021 | | | | 5,000 | | | | 4,701 | | | | 0.1 | % |
(4) | Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy. |
(5) | Affiliated company as defined under the Investment Company Act of 1940. |
(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.
Artisan Small Cap Fund
Schedule of Investments (continued)
June 30, 2021 (Unaudited)
Abbreviation
| | |
ADR | | American Depositary Receipt |
PORTFOLIO DIVERSIFICATION
Dollar values in thousands
| | | | | | | | |
| | Value | | | Percentage of Total Investments | |
Communication Services | | $ | 238,974 | | | | 5.7 | % |
Consumer Discretionary | | | 550,821 | | | | 13.0 | |
Consumer Staples | | | 69,525 | | | | 1.6 | |
Financials | | | 78,262 | | | | 1.8 | |
Health Care | | | 1,245,574 | | | | 29.4 | |
Industrials | | | 353,529 | | | | 8.4 | |
Information Technology | | | 1,645,001 | | | | 38.9 | |
Materials | | | 8,776 | | | | 0.2 | |
Short-Term Investments | | | 41,498 | | | | 1.0 | |
| | | | | | | | |
Total investments | | $ | 4,231,960 | | | | 100.0 | % |
| | | | | | | | |
See notes to N-PORT Part F.
Artisan Sustainable Emerging Markets Fund
Schedule of Investments
June 30, 2021 (Unaudited)
Shares and dollar values in thousands
| | | | | | | | |
| | Shares Held | | | Value | |
|
COMMON STOCKS - 95.0% | |
|
Argentina - 3.5% | |
Grupo Financiero Galicia SA, ADR | | | 46 | | | $ | 398 | |
MercadoLibre, Inc.* | | | 1 | | | | 2,267 | |
| | | | | | | | |
| | | | | | | 2,665 | |
| | | | | | | | |
|
Brazil - 6.2% | |
Aeris Industria E Comercio De Equipamentos Para Geracao De Energia SA* | | | 490 | | | | 970 | |
Focus Energia Holding Participacoes SA | | | 351 | | | | 1,174 | |
Hidrovias do Brasil SA* | | | 419 | | | | 537 | |
Itau Unibanco Holding SA (Preference) | | | 150 | | | | 901 | |
Vale SA | | | 53 | | | | 1,205 | |
| | | | | | | | |
| | | | | | | 4,787 | |
| | | | | | | | |
|
Chile - 1.5% | |
Empresa Nacional de Telecomunicaciones SA | | | 113 | | | | 621 | |
Vina Concha y Toro SA | | | 296 | | | | 521 | |
| | | | | | | | |
| | | | | | | 1,142 | |
| | | | | | | | |
|
China - 24.7% | |
Alibaba Group Holding Ltd.* | | | 43 | | | | 1,218 | |
Alibaba Group Holding Ltd., ADR* | | | 18 | | | | 4,053 | |
Baidu, Inc., ADR* | | | 5 | | | | 1,010 | |
Baidu, Inc., Class A* | | | 10 | | | | 257 | |
Baozun, Inc., ADR* | | | 14 | | | | 487 | |
China Traditional Chinese Medicine Holdings Co. Ltd.* | | | 1,574 | | | | 1,078 | |
Estun Automation Co. Ltd., Class A* | | | 323 | | | | 1,954 | |
Kingsoft Cloud Holdings Ltd., ADR* | | | 16 | | | | 530 | |
Noah Holdings Ltd., ADR* | | | 22 | | | | 1,032 | |
Prosus NV* | | | 20 | | | | 1,992 | |
Sinopharm Group Co. Ltd., Class H | | | 209 | | | | 622 | |
Tongwei Co. Ltd., Class A | | | 75 | | | | 503 | |
Trip.com Group Ltd.* | | | 15 | | | | 519 | |
Trip.com Group Ltd., ADR* | | | 7 | | | | 263 | |
Wuhan Raycus Fiber Laser Technologies Co. Ltd., Class A | | | 68 | | | | 1,199 | |
Zhuzhou CRRC Times Electric Co. Ltd., Class H* | | | 386 | | | | 2,280 | |
| | | | | | | | |
| | | | | | | 18,997 | |
| | | | | | | | |
|
Colombia - 0.5% | |
Banco Davivienda SA (Preference) | | | 49 | | | | 368 | |
| | | | | | | | |
|
Egypt - 1.1% | |
Commercial International Bank Egypt SAE* | | | 253 | | | | 839 | |
| | | | | | | | |
|
Greece - 2.0% | |
Alpha Services & Holdings SA* | | | 553 | | | | 707 | |
JUMBO SA | | | 49 | | | | 831 | |
| | | | | | | | |
| | | | | | | 1,538 | |
| | | | | | | | |
|
Hong Kong - 3.3% | |
AIA Group Ltd. | | | 98 | | | | 1,219 | |
China High Precision Automation Group Ltd.*(1)(2) | | | 9,066 | | | | — | |
Sino Biopharmaceutical Ltd. | | | 1,353 | | | | 1,327 | |
| | | | | | | | |
| | | | | | | 2,546 | |
| | | | | | | | |
|
India - 7.8% | |
Havells India Ltd. | | | 65 | | | | 863 | |
ICICI Bank Ltd.* | | | 175 | | | | 1,486 | |
Kajaria Ceramics Ltd. | | | 105 | | | | 1,389 | |
Metropolis Healthcare Ltd. | | | 22 | | | | 825 | |
Reliance Industries Ltd. | | | 50 | | | | 1,408 | |
| | | | | | | | |
| | | | | | | 5,971 | |
| | | | | | | | |
|
Indonesia - 1.4% | |
Bank Rakyat Indonesia Persero Tbk. PT | | | 2,509 | | | | 682 | |
Indofood CBP Sukses Makmur Tbk. PT | | | 657 | | | | 369 | |
| | | | | | | | |
| | | | | | | 1,051 | |
| | | | | | | | |
|
Kazakhstan - 0.8% | |
Kaspi.KZ JSC, GDR | | | 6 | | | | 621 | |
| | | | | | | | |
|
Malaysia - 0.9% | |
Public Bank Bhd. | | | 717 | | | | 710 | |
| | | | | | | | |
|
Mexico - 1.9% | |
Cemex SAB de CV* | | | 784 | | | | 660 | |
Fomento Economico Mexicano SAB de CV | | | 93 | | | | 785 | |
| | | | | | | | |
| | | | | | | 1,445 | |
| | | | | | | | |
|
Panama - 0.5% | |
Copa Holdings SA, Class A* | | | 6 | | | | 415 | |
| | | | | | | | |
|
Peru - 0.8% | |
Credicorp Ltd.* | | | 5 | | | | 603 | |
| | | | | | | | |
|
Russia - 8.4% | |
LUKOIL PJSC, ADR | | | 15 | | | | 1,372 | |
MMC Norilsk Nickel PJSC, ADR | | | 30 | | | | 1,015 | |
Ozon Holdings plc, ADR* | | | 8 | | | | 465 | |
Polyus PJSC, GDR | | | 18 | | | | 1,753 | |
Sberbank of Russia PJSC | | | 294 | | | | 1,231 | |
Yandex NV, Class A* | | | 9 | | | | 668 | |
| | | | | | | | |
| | | | | | | 6,504 | |
| | | | | | | | |
|
South Africa - 1.8% | |
FirstRand Ltd. | | | 212 | | | | 796 | |
Mr Price Group Ltd. | | | 40 | | | | 592 | |
| | | | | | | | |
| | | | | | | 1,388 | |
| | | | | | | | |
|
South Korea - 11.2% | |
HYBE Co. Ltd.* | | | 4 | | | | 988 | |
Samsung Biologics Co. Ltd.* | | | 2 | | | | 1,232 | |
Samsung Electronics Co. Ltd. | | | 79 | | | | 5,671 | |
Artisan Sustainable Emerging Markets Fund
Schedule of Investments (continued)
June 30, 2021 (Unaudited)
Shares and dollar values in thousands
| | | | | | | | |
Shinhan Financial Group Co. Ltd. | | | 21 | | | | 739 | |
| | | | | | | | |
| | | | | | | 8,630 | |
| | | | | | | | |
|
Taiwan - 15.9% | |
E Ink Holdings, Inc. | | | 755 | | | | 2,022 | |
MediaTek, Inc. | | | 52 | | | | 1,788 | |
Sea Ltd., ADR* | | | 3 | | | | 822 | |
Sunny Friend Environmental Technology Co. Ltd. | | | 134 | | | | 1,010 | |
Taiwan Semiconductor Manufacturing Co. Ltd. | | | 310 | | | | 6,613 | |
| | | | | | | | |
| | | | | | | 12,255 | |
| | | | | | | | |
|
Thailand - 0.3% | |
Bangkok Bank PCL(1) | | | 69 | | | | 244 | |
| | | | | | | | |
|
Turkey - 0.5% | |
Turkiye Sinai Kalkinma Bankasi A/S | | | 2,415 | | | | 355 | |
| | | | | | | | |
| |
Total common stocks (Cost $47,512) | | | | 73,074 | |
| | | | | |
|
SHORT-TERM INVESTMENTS - 0.3% | |
|
INVESTMENT COMPANIES - 0.3% | |
BlackRock Liquidity Funds Treasury Trust Fund - Institutional Class, 0.01% | | | 70 | | | | 70 | |
Federated Treasury Obligations Fund - Institutional Class, 0.01% | | | 67 | | | | 67 | |
Fidelity Investments Money Market Treasury Portfolio - Institutional Class, 0.01% | | | 68 | | | | 68 | |
| | | | | | | | |
| |
Total short-term investments (Cost $205) | | | | 205 | |
| | | | | |
| |
Total investments - 95.3% (Cost $47,717) | | | | 73,279 | |
| |
Other assets less liabilities - 4.7% | | | | 3,652 | |
| | | | | |
| |
Total net assets - 100.0%(3) | | | $ | 76,931 | |
| | | | | |
Artisan Sustainable Emerging Markets Fund
Schedule of Investments (continued)
June 30, 2021 (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 $244, or 0.3% 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/Definition
| | |
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. |
PORTFOLIO DIVERSIFICATION
Dollar values in thousands
| | | | | | | | |
| | Value | | | Percentage of Total Investments | |
Communication Services | | $ | 4,366 | | | | 6.0 | % |
Consumer Discretionary | | | 12,687 | | | | 17.3 | |
Consumer Staples | | | 2,178 | | | | 3.0 | |
Energy | | | 2,780 | | | | 3.8 | |
Financials | | | 12,931 | | | | 17.6 | |
Health Care | | | 5,084 | | | | 6.9 | |
Industrials | | | 9,418 | | | | 12.9 | |
Information Technology | | | 17,823 | | | | 24.3 | |
Materials | | | 4,633 | | | | 6.3 | |
Utilities | | | 1,174 | | | | 1.6 | |
Short-Term Investments | | | 205 | | | | 0.3 | |
| | | | | | | | |
Total investments | | $ | 73,279 | | | | 100.0 | % |
| | | | | | | | |
Artisan Sustainable Emerging Markets Fund
Schedule of Investments (continued)
June 30, 2021 (Unaudited)
TRADING CURRENCIES
Dollar values in thousands
| | | | | | | | |
| | Value | | | Percentage of Total Investments | |
Brazilian real | | $ | 4,787 | | | | 6.5 | % |
Chilean peso | | | 1,142 | | | | 1.6 | |
Chinese yuan renminbi offshore | | | 3,656 | | | | 5.0 | |
Colombian peso | | | 368 | | | | 0.5 | |
Egyptian pound | | | 839 | | | | 1.1 | |
Euro | | | 3,530 | | | | 4.8 | |
Hong Kong dollar | | | 8,520 | | | | 11.6 | |
Indian rupee | | | 5,971 | | | | 8.2 | |
Indonesian rupiah | | | 1,051 | | | | 1.4 | |
Korean won | | | 8,630 | | | | 11.8 | |
Malaysian ringgit | | | 710 | | | | 1.0 | |
Mexican peso | | | 1,445 | | | | 2.0 | |
New Taiwan dollar | | | 11,433 | | | | 15.6 | |
South African rand | | | 1,388 | | | | 1.9 | |
Thai baht | | | 244 | | | | 0.3 | |
Turkish lira | | | 355 | | | | 0.5 | |
U.S. dollar | | | 19,210 | | | | 26.2 | |
| | | | | | | | |
Total investments | | $ | 73,279 | | | | 100.0 | % |
| | | | | | | | |
See notes to N-PORT Part F.
Artisan Value Fund
Schedule of Investments
June 30, 2021 (Unaudited)
Shares and dollar values in thousands
| | | | | | | | |
| | Shares Held | | | Value | |
COMMON STOCKS - 96.7% | |
|
Aerospace & Defense - 7.9% | |
Airbus SE*(1) | | | 85 | | | $ | 10,926 | |
Northrop Grumman Corp. | | | 25 | | | | 8,957 | |
Raytheon Technologies Corp. | | | 113 | | | | 9,660 | |
| | | | | | | | |
| | | | | | | 29,543 | |
| | | | | | | | |
|
Air Freight & Logistics - 3.9% | |
FedEx Corp. | | | 49 | | | | 14,560 | |
| | | | | | | | |
|
Auto Components - 1.6% | |
Cie Generale des Etablissements Michelin SCA(1) | | | 38 | | | | 6,066 | |
| | | | | | | | |
|
Biotechnology - 3.5% | |
AbbVie, Inc. | | | 35 | | | | 3,964 | |
Vertex Pharmaceuticals, Inc.* | | | 45 | | | | 9,033 | |
| | | | | | | | |
| | | | | | | 12,997 | |
| | | | | | | | |
|
Capital Markets - 11.1% | |
Blackstone Group, Inc. (The) | | | 78 | | | | 7,611 | |
CME Group, Inc. | | | 38 | | | | 8,169 | |
Goldman Sachs Group, Inc. (The) | | | 33 | | | | 12,682 | |
Morgan Stanley | | | 142 | | | | 13,042 | |
| | | | | | | | |
| | | | | | | 41,504 | |
| | | | | | | | |
|
Chemicals - 1.4% | |
Celanese Corp. | | | 34 | | | | 5,089 | |
| | | | | | | | |
|
Communications Equipment - 2.5% | |
Cisco Systems, Inc. | | | 179 | | | | 9,498 | |
| | | | | | | | |
|
Consumer Finance - 3.0% | |
Synchrony Financial | | | 232 | | | | 11,242 | |
| | | | | | | | |
|
Diversified Financial Services - 2.5% | |
Berkshire Hathaway, Inc., Class B* | | | 34 | | | | 9,327 | |
| | | | | | | | |
|
Energy Equipment & Services - 2.4% | |
Schlumberger NV | | | 278 | | | | 8,901 | |
| | | | | | | | |
|
Entertainment - 1.9% | |
Electronic Arts, Inc. | | | 48 | | | | 6,906 | |
| | | | | | | | |
|
Health Care Equipment & Supplies - 2.0% | |
Medtronic plc | | | 59 | | | | 7,276 | |
| | | | | | | | |
|
Health Care Providers & Services - 3.3% | |
Cigna Corp. | | | 19 | | | | 4,417 | |
Fresenius Medical Care AG & Co. KGaA(1) | | | 96 | | | | 7,953 | |
| | | | | | | | |
| | | | | | | 12,370 | |
| | | | | | | | |
|
Hotels, Restaurants & Leisure - 8.6% | |
Booking Holdings, Inc.* | | | 6 | | | | 12,312 | |
Compass Group plc*(1) | | | 543 | | | | 11,430 | |
Marriott International, Inc., Class A* | | | 62 | | | | 8,411 | |
| | | | | | | | |
| | | | | | | 32,153 | |
| | | | | | | | |
|
Insurance - 2.6% | |
Arch Capital Group Ltd.* | | | 251 | | | | 9,763 | |
| | | | | | | | |
|
Interactive Media & Services - 8.6% | |
Alphabet, Inc., Class C* | | | 10 | | | | 24,316 | |
Facebook, Inc., Class A* | | | 23 | | | | 8,030 | |
| | | | | | | | |
| | | | | | | 32,346 | |
| | | | | | | | |
|
Machinery - 0.8% | |
Otis Worldwide Corp. | | | 38 | | | | 3,090 | |
| | | | | | | | |
|
Media - 3.7% | |
Comcast Corp., Class A | | | 244 | | | | 13,887 | |
| | | | | | | | |
|
Oil, Gas & Consumable Fuels - 2.4% | |
EOG Resources, Inc. | | | 109 | | | | 9,092 | |
| | | | | | | | |
|
Pharmaceuticals - 4.5% | |
Merck & Co., Inc. | | | 112 | | | | 8,727 | |
Organon & Co.* | | | 10 | | | | 308 | |
Sanofi(1) | | | 75 | | | | 7,865 | |
| | | | | | | | |
| | | | | | | 16,900 | |
| | | | | | | | |
|
Semiconductors & Semiconductor Equipment - 2.3% | |
NXP Semiconductors NV(1) | | | 42 | | | | 8,563 | |
| | | | | | | | |
|
Software - 1.3% | |
Oracle Corp. | | | 62 | | | | 4,801 | |
| | | | | | | | |
|
Specialty Retail - 2.1% | |
AutoNation, Inc.* | | | 85 | | | | 8,022 | |
| | | | | | | | |
|
Technology Hardware, Storage & Peripherals - 3.5% | |
Samsung Electronics Co. Ltd. (Preference)(1) | | | 198 | | | | 12,936 | |
| | | | | | | | |
|
Tobacco - 7.0% | |
Altria Group, Inc. | | | 198 | | | | 9,456 | |
Philip Morris International, Inc. | | | 110 | | | | 10,934 | |
Swedish Match AB(1) | | | 694 | | | | 5,915 | |
| | | | | | | | |
| | | | | | | 26,305 | |
| | | | | | | | |
|
Trading Companies & Distributors - 2.3% | |
Air Lease Corp. | | | 208 | | | | 8,671 | |
| | | | | | | | |
| |
Total common stocks (Cost $215,173) | | | | 361,808 | |
| | | | | |
|
SHORT-TERM INVESTMENTS - 2.7% | |
|
INVESTMENT COMPANIES - 2.7% | |
BlackRock Liquidity Funds Treasury Trust Fund - Institutional Class, 0.01% | | | 3,481 | | | | 3,481 | |
Federated Treasury Obligations Fund - Institutional Class, 0.01% | | | 3,378 | | | | 3,378 | |
Fidelity Investments Money Market Treasury Portfolio - Institutional Class, 0.01% | | | 3,379 | | | | 3,379 | |
| | | | | | | | |
| |
Total short-term investments (Cost $10,238) | | | | 10,238 | |
| | | | | |
| |
Total investments - 99.4% (Cost $225,411) | | | | 372,046 | |
| |
Other assets less liabilities - 0.6% | | | | 2,175 | |
| | | | | |
| |
Total net assets - 100.0%(2) | | | $ | 374,221 | |
| | | | | |
Artisan Value Fund
Schedule of Investments (continued)
June 30, 2021 (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 | | China | | U.S. dollar |
Samsung Electronics Co. Ltd. (Preference) | | South Korea | | Korean won |
Sanofi | | France | | Euro |
Swedish Match AB | | Sweden | | Swedish krona |
(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.
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 | | $ | 53,139 | | | | 14.3 | % |
Consumer Discretionary | | | 46,241 | | | | 12.4 | |
Consumer Staples | | | 26,305 | | | | 7.1 | |
Energy | | | 17,993 | | | | 4.8 | |
Financials | | | 71,836 | | | | 19.3 | |
Health Care | | | 49,543 | | | | 13.3 | |
Industrials | | | 55,864 | | | | 15.0 | |
Information Technology | | | 35,798 | | | | 9.6 | |
Materials | | | 5,089 | | | | 1.4 | |
Short-Term Investments | | | 10,238 | | | | 2.8 | |
| | | | | | | | |
Total investments | | $ | 372,046 | | | | 100.0 | % |
| | | | | | | | |
TRADING CURRENCIES
Dollar values in thousands
| | | | | | | | |
| | Value | | | Percentage of Total Investments | |
British pound | | $ | 11,430 | | | | 3.1 | % |
Euro | | | 32,810 | | | | 8.8 | |
Korean won | | | 12,936 | | | | 3.5 | |
Swedish krona | | | 5,915 | | | | 1.6 | |
U.S. dollar | | | 308,955 | | | | 83.0 | |
| | | | | | | | |
Total investments | | $ | 372,046 | | | | 100.0 | % |
| | | | | | | | |
See notes to N-PORT Part F.
Notes to N-PORT Part F – June 30, 2021 (UNAUDITED)
As of June 30, 2021, 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:
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. Equity securities acquired in private investments in public equity (“PIPEs”) are generally restricted as to resale and not freely tradeable by the Funds. The securities were generally valued at the common share market price adjusted by a percentage discount due to the restrictions when such securities are unregistered common shares or otherwise convertible into the publicly traded common shares (applying any applicable conversion factors).
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.
Notes to N-PORT Part F – June 30, 2021 (UNAUDITED) - (continued)
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 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 valuation 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 US or other markets. The Funds monitored for subsequent valuation events using several tools. In fair valuing non-US 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 may 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 pricing an asset or liability developed based on the market data obtained from sources independent of the reporting entity
Notes to N-PORT Part F – June 30, 2021 (UNAUDITED) - (continued)
(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 US 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 are 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. PIPE investments are generally categorized as Level 3. 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 June 30, 2021 (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 | | $ | 4,560,987 | | | $ | — | | | $ | — | | | $ | 4,560,987 | |
Emerging Asia | | | 4,118,143 | | | | — | | | | — | | | | 4,118,143 | |
Europe, Middle East & Africa | | | 97,930 | | | | — | | | | — | | | | 97,930 | |
Latin America | | | 712,204 | | | | — | | | | — | | | | 712,204 | |
Investment Companies | | | 143,275 | | | | — | | | | — | | | | 143,275 | |
Total Investments | | $ | 9,632,539 | | | $ | — | | | $ | — | | | $ | 9,632,539 | |
Focus | | | | | | | | | | | | | | | | |
Common Stocks(1) | | $ | 1,873,278 | | | $ | — | | | $ | — | | | $ | 1,873,278 | |
Options Purchased | | | 11,795 | | | | — | | | | — | | | | 11,795 | |
Investment Companies | | | 251,068 | | | | — | | | | — | | | | 251,068 | |
Total Investments | | | 2,136,141 | | | | — | | | | — | | | | 2,136,141 | |
Foreign Currency Forward Contracts(2) | | | — | | | | 1,087 | | | | — | | | | 1,087 | |
Total | | $ | 2,136,141 | | | $ | 1,087 | | | $ | — | | | $ | 2,137,228 | |
Global Discovery | | | | | | | | | | | | | | | | |
Common Stocks(1) | | | | | | | | | | | | | | | | |
Americas | | $ | 198,612 | | | $ | — | | | $ | — | | | $ | 198,612 | |
Emerging Markets | | | 8,065 | | | | — | | | | — | | | | 8,065 | |
Europe | | | 76,520 | | | | — | | | | — | | | | 76,520 | |
Pacific Basin | | | 20,114 | | | | — | | | | — | | | | 20,114 | |
Investment Companies | | | 12,051 | | | | — | | | | — | | | | 12,051 | |
Total Investments | | $ | 315,362 | | | $ | — | | | $ | — | | | $ | 315,362 | |
Global Equity | | | | | | | | | | | | | | | | |
Common Stocks and Equity-Linked Security(1) | | | | | | | | | | | | | | | | |
Americas | | $ | 175,760 | | | $ | — | | | $ | — | | | $ | 175,760 | |
Emerging Markets | | | 30,341 | | | | — | | | | — | | | | 30,341 | |
Europe | | | 127,347 | | | | 2,326 | | | | — | | | | 129,673 | |
Middle East | | | 4,417 | | | | — | | | | — | | | | 4,417 | |
Pacific Basin | | | 7,214 | | | | — | | | | — | | | | 7,214 | |
Investment Companies | | | 1,753 | | | | — | | | | — | | | | 1,753 | |
Total Investments | | $ | 346,832 | | | $ | 2,326 | | | $ | — | | | $ | 349,158 | |
Global Opportunities | | | | | | | | | | | | | | | | |
Common Stocks(1) | | | | | | | | | | | | | | | | |
Americas | | $ | 3,222,440 | | | $ | — | | | $ | — | | | $ | 3,222,440 | |
Emerging Markets | | | 158,411 | | | | — | | | | — | | | | 158,411 | |
Europe | | | 1,480,084 | | | | — | | | | — | | | | 1,480,084 | |
Pacific Basin | | | 566,419 | | | | — | | | | — | | | | 566,419 | |
Investment Companies | | | 164,780 | | | | — | | | | — | | | | 164,780 | |
Total Investments | | $ | 5,592,134 | | | $ | — | | | $ | — | | | $ | 5,592,134 | |
Global Value | | | | | | | | | | | | | | | | |
Common Stocks(1) | | | | | | | | | | | | | | | | |
Americas | | $ | 1,204,024 | | | $ | — | | | $ | — | | | $ | 1,204,024 | |
Emerging Markets | | | 279,181 | | | | — | | | | — | | | | 279,181 | |
Europe | | | 850,386 | | | | — | | | | — | | | | 850,386 | |
Pacific Basin | | | 74,860 | | | | — | | | | — | | | | 74,860 | |
Warrant | | | | | | | | | | | | | | | | |
Europe | | | 1,255 | | | | — | | | | — | | | | 1,255 | |
Investment Companies | | | 165,392 | | | | — | | | | — | | | | 165,392 | |
Total Investments | | | 2,575,098 | | | | — | | | | — | | | | 2,575,098 | |
High Income | | | | | | | | | | | | | | | | |
Corporate Bonds(1) | | $ | — | | | $ | 4,093,005 | | | $ | — | | | $ | 4,093,005 | |
Bank Loans(1) | | | — | | | | 2,414,778 | | | | — | | | | 2,414,778 | |
Common Stock(1) | | | — | | | | 14,923 | | | | — | | | | 14,923 | |
Convertible Bond(1) | | | — | | | | 5,351 | | | | — | | | | 5,351 | |
Investment Companies | | | 443,360 | | | | — | | | | — | | | | 443,360 | |
Total Investments | | | 443,360 | | | | 6,528,057 | | | | - | | | | 6,971,417 | |
Foreign Currency Forward Contracts(2) | | | — | | | | (17 | ) | | | — | | | | (17 | ) |
Futures(2) | | | (3,804 | ) | | | — | | | | — | | | | (3,804 | ) |
Total | | $ | 439,556 | | | $ | 6,528,040 | | | $ | — | | | $ | 6,967,596 | |
Notes to N-PORT Part F – June 30, 2021 (UNAUDITED) - (continued)
| | | | | | | | | | | | | | | | |
International | | | | | | | | | | | | | | | | |
Common Stocks and Equity-Linked Security(1) | | | | | | | | | | | | | | | | |
Americas | | $ | 1,056,750 | | | $ | — | | | $ | — | | | $ | 1,056,750 | |
Emerging Markets | | | 1,009,581 | | | | — | | | | — | | | | 1,009,581 | |
Europe | | | 6,480,126 | | | | 270,652 | | | | — | | | | 6,750,778 | |
Middle East | | | 317,985 | | | | — | | | | — | | | | 317,985 | |
Pacific Basin | | | 660,856 | | | | — | | | | — | | | | 660,856 | |
Investment Companies | | | 137,515 | | | | — | | | | — | | | | 137,515 | |
Total Investments | | $ | 9,662,813 | | | $ | 270,652 | | | $ | — | | | $ | 9,933,465 | |
International Small-Mid | | | | | | | | | | | | | | | | |
Common Stocks(1) | | | | | | | | | | | | | | | | |
Americas | | $ | 1,190,571 | | | $ | — | | | $ | — | | | $ | 1,190,571 | |
Emerging Markets | | | 401,127 | | | | — | | | | — | | | | 401,127 | |
Europe | | | 2,978,731 | | | | — | | | | — | | | | 2,978,731 | |
Middle East | | | 516,191 | | | | — | | | | — | | | | 516,191 | |
Pacific Basin | | | 1,060,102 | | | | — | | | | — | | | | 1,060,102 | |
Investment Companies | | | 95,395 | | | | — | | | | — | | | | 95,395 | |
Total Investments | | $ | 6,242,117 | | | $ | — | | | $ | — | | | $ | 6,242,117 | |
International Value | | | | | | | | | | | | | | | | |
Common Stocks and Equity-Linked Security(1) | | | | | | | | | | | | | | | | |
Americas | | $ | 2,734,770 | | | $ | — | | | $ | — | | | $ | 2,734,770 | |
Emerging Markets | | | 4,120,811 | | | | — | | | | — | | | | 4,120,811 | |
Europe | | | 11,295,287 | | | | 299,889 | | | | — | | | | 11,595,176 | |
Pacific Basin | | | 248,706.00 | | | | — | | | | — | | | | 248,706 | |
Convertible Bond(1) | | | | | | | | | | | | | | | | |
Europe | | | — | | | | 8,911 | | | | — | | | | 8,911 | |
Investment Companies | | | 2,549,384 | | | | — | | | | — | | | | 2,549,384 | |
Total Investments | | | 20,948,958 | | | | 308,800 | | | | — | | | | 21,257,758 | |
Foreign Currency Forward Contracts(2) | | | — | | | | 4,856 | | | | — | | | | 4,856 | |
Total | | $ | 20,948,958 | | | $ | 313,656 | | | $ | — | | | $ | 21,262,614 | |
Mid Cap | | | | | | | | | | | | | | | | |
Common Stocks(1) | | $ | 7,381,448 | | | $ | — | | | $ | — | | | $ | 7,381,448 | |
Investment Companies | | | 63,851 | | | | — | | | | — | | | | 63,851 | |
Total Investments | | $ | 7,445,299 | | | $ | — | | | $ | — | | | $ | 7,445,299 | |
Mid Cap Value | | | | | | | | | | | | | | | | |
Common Stocks(1) | | $ | 2,049,617 | | | $ | — | | | $ | — | | | $ | 2,049,617 | |
Investment Companies | | | 64,191 | | | | — | | | | — | | | | 64,191 | |
Total Investments | | $ | 2,113,808 | | | $ | — | | | $ | — | | | $ | 2,113,808 | |
Select Equity | | | | | | | | | | | | | | | | |
Common Stocks(1) | | $ | 22,994 | | | $ | — | | | $ | — | | | $ | 22,994 | |
Investment Companies | | | 2,214 | | | | — | | | | — | | | | 2,214 | |
Total Investments | | $ | 25,208 | | | $ | — | | | $ | — | | | $ | 25,208 | |
Small Cap | | | | | | | | | | | | | | | | |
Common Stocks(1) | | $ | 4,175,959 | | | $ | — | | | $ | 14,503 | | | $ | 4,190,462 | |
Investment Companies | | | 41,498 | | | | — | | | | — | | | | 41,498 | |
Total Investments | | $ | 4,217,457 | | | $ | — | | | $ | 14,503 | | | $ | 4,231,960 | |
Sustainable Emerging Markets | | | | | | | | | | | | | | | | |
Common Stocks(1) | | | | | | | | | | | | | | | | |
Developed Markets | | $ | 2,546 | | | $ | — | | | $ | — | (3) | | $ | 2,546 | |
Emerging Asia | | | 47,614 | | | | 244 | | | | — | | | | 47,858 | |
Europe, Middle East & Africa | | | 11,245 | | | | — | | | | — | | | | 11,245 | |
Latin America | | | 11,425 | | | | — | | | | — | | | | 11,425 | |
Investment Companies | | | 205 | | | | — | | | | — | | | | 205 | |
Total Investments | | $ | 73,035 | | | $ | 244 | | | $ | — | (3) | | $ | 73,279 | |
Value | | | | | | | | | | | | | | | | |
Common Stocks(1) | | $ | 361,808 | | | $ | — | | | $ | — | | | $ | 361,808 | |
Investment Companies | | | 10,238 | | | | — | | | | — | | | | 10,238 | |
Total Investments | | $ | 372,046 | | | $ | — | | | $ | — | | | $ | 372,046 | |
(1) | See the Fund’s Schedule of Investments for industry or country classifications. |
(2) | Foreign currnecy forward contracts and/or futures 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. |
Notes to N-PORT Part F – June 30, 2021 (UNAUDITED) - (continued)
Information about Level 3 fair value measurements (dollar values in thousands):
| | | | | | | | | | |
Assets | | Fair Value at June 30, 2021 | | | Unobservable Input(s) | | Impact to Fair Value from an Increase in Input | |
Small Cap Fund | | | | | | | | | | |
Common Stock | | $ | 14,503 | | | Discount for lack of marketability (range of 1.78%-11.50%, weighted average of 5.04%) | | | Decrease | |
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 – June 30, 2021 (UNAUDITED) - (continued)
As of June 30, 2021, 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 | | | Small Cap Fund | | | Sustainable Emerging Markets Fund | |
Balance as of September 30, 2020 | | $ | — | (1) | | $ | — | | | $ | — | (1) |
Transfers into Level 3 | | | — | | | | — | | | | — | |
Net change in unrealized appreciation (depreciation) | | | 957 | | | | (497 | ) | | | — | |
Purchases | | | — | | | | 15,000 | | | | — | |
Sales | | | — | | | | — | | | | — | |
Accrued Amortization | | | — | | | | | | | | | |
Realized Gain/(Loss) | | | (957 | ) | | | — | | | | — | |
Transfers out of Level 3 | | | — | | | | — | | | | — | |
| | | | | | | | | | | | |
Balance as of June 30, 2021 | | $ | — | (1) | | $ | 14,503 | | | $ | — | (1) |
| | | | | | | | | | | | |
Net change in unrealized appreciation (depreciation) for investments held as of June 30, 2021 | | $ | — | | | $ | (497 | ) | | $ | — | |
| | | | | | | | | | | | |
(1) | Includes one or more securities valued at $0. |
Notes to N-PORT Part F – June 30, 2021 (UNAUDITED) - (continued)
(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 June 30, 2021 (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 June 30, 2021.
Transactions in securities of affiliates:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | As of 09/30/2020 | | | | | | | | | | | | | | | As of 06/30/2021 | | | | |
Funds | | 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 Small-Mid Fund | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
AIXTRON SE†‡ | | | 4,264 | | | $ | 51,485 | | | $ | 23,087 | | | $ | (54,311 | ) | | $ | 23,138 | | | $ | 55,126 | | | | 3,636 | | | $ | 98,525 | | | $ | 500 | |
Carenet, Inc.‡ | | | — | | | | — | | | | 36,220 | | | | — | | | | — | | | | 27,923 | | | | 867 | | | | 64,143 | | | | 21 | |
CKD Corp.‡ | | | 751 | | | | 12,237 | | | | 58,499 | | | | — | | | | — | | | | 4,575 | | | | 3,575 | | | | 75,311 | | | | 475 | |
Codemasters Group Holdings plc†‡ | | | 7,145 | | | | 33,704 | | | | 10,610 | | | | (74,337 | ) | | | 38,690 | | | | (8,667 | ) | | | — | | | | — | | | | — | |
Daikokutenbussan Co. Ltd.‡ | | | — | | | | — | | | | 58,745 | | | | | | | | | | | | 4,959 | | | | 880 | | | | 63,704 | | | | 166 | |
Intersect ENT, Inc*‡ | | | 1,256 | | | | 20,484 | | | | 36,755 | | | | — | | | | — | | | | (5,371 | ) | | | 3,035 | | | | 51,868 | | | | — | |
Model N, Inc.*‡ | | | 979 | | | | 34,539 | | | | 45,453 | | | | — | | | | — | | | | (3,779 | ) | | | 2,224 | | | | 76,213 | | | | — | |
Raccoon Holdings, Inc. | | | 1,361 | | | | 27,433 | | | | 15,496 | | | | — | | | | — | | | | 1,472 | | | | 2,148 | | | | 44,401 | | | | 260 | |
Radware Ltd.*‡ | | | 1,609 | | | | 38,996 | | | | 30,997 | | | | | | | | | | | | 15,379 | | | | 2,774 | | | | 85,372 | | | | — | |
Temairazu, Inc.‡ | | | 271 | | | | 14,479 | | | | 4,911 | | | | — | | | | — | | | | 2,030 | | | | 363 | | | | 21,420 | | | | 78 | |
Ubicom Holdings, Inc.‡ | | | — | | | | — | | | | 25,455 | | | | | | | | | | | | 149 | | | | 784 | | | | 25,604 | | | | 22 | |
ViewRay, Inc.*‡ | | | 6,024 | | | | 21,083 | | | | 24,651 | | | | — | | | | — | | | | 31,520 | | | | 11,705 | | | | 77,254 | | | | — | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total# | | | | | | $ | 254,440 | | | $ | 370,879 | | | $ | (128,648 | ) | | $ | 61,828 | | | $ | 125,316 | | | | | | | $ | 585,290 | | | $ | 1,522 | |
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International Value Fund | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Arch Capital Group Ltd.*‡ | | | 17,661 | | | $ | 516,594 | | | $ | 171,104 | | | $ | (31,932 | ) | | $ | 7,423 | | | $ | 176,491 | | | | 21,563 | | | $ | 839,680 | | | $ | — | |
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Total | | | | | | $ | 516,594 | | | $ | 171,104 | | | $ | (31,932 | ) | | $ | 7,423 | | | $ | 176,491 | | | | | | | $ | 839,680 | | | $ | — | |
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Small Cap Fund | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Vapotherm, Inc.*‡ | | | 934 | | | $ | 27,091 | | | $ | 12,811 | | | $ | — | | | $ | — | | | $ | (7,291 | ) | | | 1,379 | | | $ | 32,611 | | | $ | — | |
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Total | | | | | | $ | 27,091 | | | $ | 12,811 | | | $ | — | | | $ | — | | | $ | (7,291 | ) | | | | | | $ | 32,611 | | | $ | — | |
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@ | Net of foreign taxes withheld, if any. |
† | Issuer was not an affiliate as of June 30, 2021. |
‡ | Issuer was not an affiliate as of September 30, 2020. |
* | Non-income producing security. |
# | Total value as of June 30, 2021 is presented only for those issuers that were affiliates as of June 30, 2021. |