Artisan Partners , an investment management company, released its second-quarter 2026 investor letter for the "Artisan Mid Cap Fund". The letter can be downloaded here . Global equities rebounded sharply in Q2 2026, recovering from March lows as resilient economic data, strong corporate earnings, and continued AI investment improved investor sentiment despite inflation concerns, delayed rate cuts, and geopolitical uncertainty. The portfolio generated strong absolute returns and outperformed the Russell Midcap® Growth Index, benefiting from semiconductor exposure within IT and strong stock selection in health care and consumer discretionary. Its Investor Class: ARTMX returned 17.86%, Advisor Class: APDMX returned 17.88%, and Institutional Class: APHMX returned 17.93% vs. a 14.55% gain for the index. Healthcare was the largest contributor, with biotech holdings driving gains, while consumer holdings also performed well. Software exposure, aerospace and defense holdings, and communication services positions weighed on relative performance. The fund continues to focus on identifying high-quality growth companies with durable secular trends and attractive valuation opportunities. Please check the fund's top five holdings for its best picks in 2026.
In its second-quarter 2026 investor letter, Artisan Mid Cap Fund highlighted Teledyne Technologies Incorporated (NYSE: TDY ). Teledyne Technologies Incorporated (NYSE:TDY) is a leading industrial company that provides enabling technologies for industrial growth markets. On September 4, 2026, Teledyne Technologies Incorporated (NYSE:TDY) closed at $610.65 per share. Over the past month, Teledyne Technologies Incorporated (NYSE:TDY) declined -11.53% while its shares gained 11.78% over the past 52 weeks. Teledyne Technologies Incorporated (NYSE:TDY) has a market capitalization of $28.31 billion.
Artisan Mid Cap Fund stated the following regarding Teledyne Technologies Incorporated (NYSE:TDY) in its Q2 2026 investor letter:
"Teledyne Technologies Incorporated (NYSE:TDY) provides advanced sensing, transmission and analysis technologies across niche markets, including digital imaging, instrumentation, and aerospace and defense electronics. Recent results exceeded expectations, supported by accelerating organic growth, continued strength in defense and improving demand across short-cycle industrial markets. Management also raised full-year guidance while highlighting strong bookings and continued momentum in unmanned systems, space sensing and infrared technologies. We believe growing defense spending, a recovery in industrial end markets and its disciplined approach to capital allocation and acquisitions are strong growth drivers. We added to the position during the quarter following a pullback."
Teledyne Technologies Incorporated (NYSE:TDY) is not on our list of the 40 Most Popular Stocks Among Hedge Funds . As per our database, 51 hedge fund portfolios held Teledyne Technologies Incorporated (NYSE:TDY) at the end of the second quarter which was 52 in the previous quarter. While we acknowledge the potential of Teledyne Technologies Incorporated (NYSE:TDY) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock .
In another article , we covered Teledyne Technologies Incorporated (NYSE:TDY) and shared how a recent rocket launch highlighted the company's overlooked space business. In addition, please check out our hedge fund investor letters Q2 2026 page for more investor letters from hedge funds and other leading investors.
This article is originally published at Insider Monkey .
Reporting synthesized and verified under Nexvoro.tech editorial guidelines. Full primary records referenced via Yahoo Finance.
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