Artisan Partners, an investment management company, released its “Artisan Mid Cap Value Fund” third-quarter 2025 investor letter. A copy of the letter can be downloaded here. In the quarter, the fund’s Investor Class fund ARTQX returned 0.97%, Advisor Class fund APDQX posted a return of 0.98%, and Institutional Class fund APHQX returned 0.97%, compared to a 6.18% return for the Russell Midcap Value Index. Equity markets continued their rally in the third quarter as investors overlooked tariff concerns, driven by strong corporate earnings, rising AI capital expenditures, and hopes for economic support from US fiscal policy and lower interest rates. In addition, please check the fund’s top five holdings to know its best picks in 2025.
In its third-quarter 2025 investor letter, Artisan Mid Cap Value Fund highlighted stocks such as Gartner, Inc. (NYSE:IT). Established in 1979, Gartner, Inc. (NYSE:IT) is a research and advisory company that operates through research, conferences, and consulting segments. The one-month return of Gartner, Inc. (NYSE:IT) was 4.29%, and its shares lost 51.80% of their value over the last 52 weeks. On January 2, 2026, Gartner, Inc. (NYSE:IT) stock closed at $237.03 per share, with a market capitalization of $17.952 billion.
Artisan Mid Cap Value Fund stated the following regarding Gartner, Inc. (NYSE:IT) in its third quarter 2025 investor letter:
“In addition to Constellation Brands, which we discussed previously, we also initiated new positions in Elevance Health and Gartner, Inc. (NYSE:IT). Gartner is a technology and business advisory provider helping corporate executives make better decisions on their strategic priorities. Ancillary businesses are conference hosting and consulting. The research business has slowed due in part to headwinds from the US federal government, tariffs and elongated sales cycles. These are largely cyclical issues, but the stock is also suffering from concerns AI will disintermediate Gartner’s research business. We don’t fully discount the long-term threat from AI, but we think Gartner’s issues are largely cyclical and any impacts from AI on Gartner will take years to play out. The company consistently generates free cash flow and has a clean balance sheet. Its valuation is reasonable, with an 8% free cash flow yield, the highest level since 2009.”
Gartner, Inc. (NYSE:IT) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 42 hedge fund portfolios held Gartner, Inc. (NYSE:IT) at the end of the third quarter, which was 45 in the previous quarter. In the third quarter of 2025, Gartner, Inc. (NYSE:IT) reported revenue of $1.5 billion, reflecting an increase of 3% year-over-year as reported and 1% FX neutral. While we acknowledge the potential of Gartner, Inc. (NYSE:IT) 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.
