From Yahoo Finance: 2025-05-06 08:23:00

Artisan Partners released its first quarter 2025 investor letter for the Artisan Mid Cap Fund, with returns of -7.40%, -7.37%, and -7.35% for different classes, compared to -7.12% for the Russell Midcap Growth Index. US equities had strong gains in Q4 2024, with a shift towards value stocks in Q1 2025. Investors favored lower-volatility equities in utilities and consumer staples sectors.

In its Q1 2025 investor letter, Artisan Mid Cap Fund highlighted Saia, Inc. (NASDAQ: SAIA) as a notable stock. Saia, Inc. had a one-month return of -19.79% and lost 36.24% over the last 52 weeks, closing at $259.15 per share on May 5, 2025, with a market cap of $6.902 billion. The company operates in less-than-truckload shipping, a strong area of transportation.

Artisan Mid Cap Fund mentioned trimming its position in Saia, Inc. due to economic pressures from rising tariffs that could impact industry volume growth. Despite the company’s thoughtful expansion of its distribution network, economic factors led to a reduction in the fund’s position. Saia, Inc. operates in less-than-truckload shipping, a sector with solid franchise characteristics and growth potential.

Saia, Inc. (NASDAQ: SAIA) is not among the 30 most popular stocks among hedge funds, with 31 hedge fund portfolios holding the stock at the end of Q4 2024. The company reported revenue of $787.6 million in Q1 2025, a 4.3% increase from the same quarter last year. While Saia, Inc. shows investment potential, hedge funds see greater promise in AI stocks for higher returns in a shorter timeframe.



Read more at Yahoo Finance: Here’s Why Artisan Mid Cap Fund Reduced Its Position in SAIA (SAIA)