Artisan Partners, an investment management firm, published its Q3 2025 “Artisan Mid Cap Value Fund” investor letter. A copy of the letter can be downloaded here. For the quarter, the fund’s ARTQX Investor Class Fund returned 0.97%, the Advisor Class Fund APDQX returned 0.98%, and the Institutional Class Fund APHQX returned 0.97%, compared to a 6.18% return for the Russell Midcap Value Index. Stock markets continued their rally in the third quarter as investors overlooked tariff concerns, boosted by strong corporate earnings, increased capital spending on AI and hopes for economic support from US fiscal policy and lower interest rates. Plus, check out the fund’s top five holdings to learn your best picks in 2025.
In its Q3 2025 investor letter, Artisan Mid Cap Value Fund highlighted stocks like Gartner, Inc. (NYSE:IT). Founded in 1979, Gartner, Inc. (NYSE:IT) is a research and advisory company that operates through research, conference and consulting segments. Gartner, Inc. (NYSE:IT)’s monthly performance was 4.29% and its stock lost 51.80% of its value in 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 Q3 2025 investor letter:
“In addition to Constellation Brands, which we talked about previously, we also initiated new positions in Elevance Health and Gartner, Inc. (NYSE: THAT). Gartner is a provider of business and technology advice that helps corporate executives make better decisions about their strategic priorities. Ancillary businesses are conference hosting and consulting. The research business has slowed due in part to U.S. federal government headwinds, tariffs and long sales cycles. These are largely cyclical issues, but the stock also suffers from concerns that AI will disintermediate Gartner’s research business. We don’t completely rule out the long-term threat of AI, but we believe Gartner’s problems are largely cyclical and any impact of AI on Gartner will take years to manifest. The company consistently generates free cash flow and has a clean balance sheet. Its valuation is reasonable, with a free cash flow yield of 8%, the highest level since 2009.”
Gartner, Inc. (NYSE:IT) isn’t on our list of the 30 most popular stocks among hedge funds. According to our database, Gartner, Inc. (NYSE:IT) had 42 hedge fund portfolios at the end of the third quarter, up from 45 in the previous quarter. In Q3 2025, Gartner, Inc. (NYSE:IT) reported revenue of $1.5 billion, reflecting a 3% year-over-year increase as reported and 1% currency neutral. While we recognize the potential of Gartner, Inc. (NYSE:IT) as an investment, we believe certain AI stocks offer greater growth potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that’s also benefiting significantly from Trump-era tariffs and the offshoring trend, check out our free report on best short-term AI stock.