Artisan Partners released its second-quarter 2025 investor letter, reporting strong returns for its Mid Cap Fund. The fund’s classes posted returns between 14.40% and 14.50%, outperforming the Russell Midcap Growth Index’s 18.20% return. Global markets saw significant volatility in Q2, with double-digit declines and gains.

In the investor letter, Artisan Mid Cap Fund highlighted Baker Hughes Company (NASDAQ:BKR), a global energy and industrial value chain provider. The stock had a one-month return of 10.42% and gained 23.38% over the last 52 weeks. On August 7, 2025, Baker Hughes closed at $43.43 per share with a market cap of $42.817 billion.

Artisan Mid Cap Fund addressed Baker Hughes Company in its Q2 2025 letter, noting its strong position in oil and gas equipment and services. Despite macro uncertainty affecting oilfield services, the company’s industrial and energy technology segment shows promise. The fund used share price weakness to increase its position in Baker Hughes.

Baker Hughes Company (BKR) saw its adjusted EBITDA rise 7% year-over-year to $1.21 billion in Q2 2025. While 50 hedge fund portfolios held BKR, down from 58 in the previous quarter, some believe AI stocks offer greater potential. For those seeking an undervalued AI stock with growth potential, consider exploring the free report on the best short-term AI stock.

Read more at Yahoo Finance: Baker Hughes (BKR) Slid Due to Macro Economic Uncertainty