The fund underperformed the Russell 1000 Value Index as quality stocks lagged momentum-driven equities in the quarter.
Artisan Value Fund sold shares of Meta Platforms (META) in Q1 2026, citing a market environment favoring momentum over quality factors. The fund’s investor, advisor, and institutional classes posted returns of -3.54%, -3.50%, and -3.50%, respectively, trailing the Russell 1000 Value Index’s 2.10% gain.
Large-cap indices declined during the quarter, while mid- and small-cap stocks saw modest gains, reflecting broader market participation. Volatility rose due to concerns over artificial intelligence, private credit, and geopolitical tensions, including conflict in Iran. META closed at $610.26 on May 22, 2026.
The fund emphasized its focus on long-term value creation, targeting companies with attractive entry points amid market dislocations.