APAM
Artisan Partners Asset Management Inc.41.58
+0.10+0.24%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Grandview Fund IV details emerge
Q&A clarified Grandview's $880M AUM dipped from Fund I realizations—a positive harvest—with Fund IV eyeing far beyond Fund III's $150M and first close by mid-summer. Management detailed M&A pipeline favoring off-market private credit, PE secondaries, idiosyncratic equities, and credit hybrids over auctioned deals. International Value outflows dismissed as rebalancing after strong absolute returns; no concerns flagged. Non-US demand shows green shoots from EM campaign netting $1B+, global outperformers, and credit uptake, though Europe institutions face reg headwinds versus US EM/credit favor. Off-market wins matter. Watch Fund IV momentum.
Key Stats
Market Cap
2.93BP/E (TTM)
11.21Basic EPS (TTM)
3.71Dividend Yield
0.08%Recent Filings
8-K
AUM hits $188.5B
Artisan Partners reported preliminary assets under management of $188.5 billion as of February 28, 2026, with Artisan Funds and Global Funds at $92.4 billion and separate accounts at $96.1 billion. International Value led strategies at $56.7 billion, followed by Global Value at $37.9 billion. AUM reflects market-driven flows. No prior-month comparison disclosed.
10-K
FY2025 results
Artisan Partners closed FY2025 ended December 31, 2025 with AUM at $179.9B, up 12% y/y from $161.2B, driven by $33.4B market gains offsetting $12.7B net outflows. Revenues rose 8% to $1.20B on 8% average AUM growth to $173.0B, with weighted average fee steady at 69.3 bps; performance fees jumped 97% from outperformance. GAAP operating margin edged to 33.4% while adjusted hit 35.3%, but equity strategies saw $15.6B outflows while credit/alternatives drew inflows. Q4 momentum showed variable dividend of $1.01/share (~80% of cash gen). Debt steady at $190M with full revolver access. Grandview real estate acquisition closed January 2026. Key risk: key personnel loss could trigger outflows.
8-K
AUM at $185.3B
Artisan Partners reported preliminary assets under management of $185.3 billion as of January 31, 2026, with Artisan Funds and Global Funds at $90.2 billion and separate accounts at $95.1 billion. Growth stayed steady across strategies like International Value ($54.5 billion) and Global Value ($37.6 billion). AUM holds firm.
8-K
APAM 2025 results, Grandview close
Artisan Partners reported 2025 results with AUM at $179.9B, up nearly 12% from 2024 amid $12.7B net outflows mainly from growth equities, yet revenue rose 8% to $1.2B and adjusted operating income climbed 12%. Credit AUM surged 31% to $19.4B on $3.3B inflows. Grandview acquisition closed early January 2026, bolstering private real estate. Board named Ryan Von Hoff Chief Accounting Officer January 29.
8-K
Acquisition closed, board expanded
Artisan Partners closed its acquisition of Grandview Property Partners on January 2, 2026, expanding its offerings. The board added Clarence Kane Brenan, ex-Goldman Sachs partner and TIFF CEO, to its ranks on January 9, appointing him to the Compensation Committee. Preliminary AUM hit $179.9 billion as of December 31, 2025, post $640 million distributions. New blood bolsters governance.
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