Artisan Partners released its second-quarter 2025 investor letter, with the Artisan Global Discovery Fund posting returns of 10.84% for Investor Class APFDX, 10.83% for Advisor Class APDDX, and 10.93% for Institutional Class APHDX. Global markets saw volatility in Q2 due to tariffs and a rebound after a tentative agreement with Beijing.

In the same investor letter, Artisan Global Discovery Fund highlighted GoDaddy Inc. (NYSE: GDDY), a cloud-based company. GoDaddy Inc. (NYSE: GDDY) saw a one-month return of -4.66% and shares lost 9.81% over 52 weeks, closing at $141.40 per share on September 26, 2025, with a market cap of $19.577 billion.

Artisan Global Discovery Fund discussed its decision to end its investment in GoDaddy Inc. (NYSE: GDDY) due to concerns over competition from Wix and AI-based models, as well as incremental marketing investments in Airo. The company generates revenue from domain services and higher-margin applications, with ongoing tech modernization and a focus on product adoption and margins.

GoDaddy Inc. (NYSE: GDDY) saw an 8% revenue increase in Q2 2025 to $1.2 billion. While recognized as an investment with potential, Artisan Partners believes certain AI stocks offer greater upside potential with less downside risk. For a list of promising technology stocks and hedge fund investor letters for Q2 2025, visit their respective pages on Insider Monkey.

Read more at Yahoo Finance: Artisan Global Discovery Fund Sold GoDaddy (GDDY) Due to Increased Competition