Artisan Partners, an investment management company, released its “Artisan Mid Cap Fund” second-quarter 2025 investor letter. A copy of the letter can be downloaded here. In the second quarter, the fund’s Investor Class fund ARTMX returned 14.40%, Advisor Class fund APDMX posted a return of 14.45%, and Institutional Class fund APHMX returned 14.50%, compared to a 18.20% return for the Russell Midcap Growth Index. Global markets experienced a significant but volatile Q2, rotating from double-digit declines to double-digit gains. In addition, please check the fund’s top five holdings to know its best picks in 2025.
In its second-quarter 2025 investor letter, Artisan Mid Cap Fund highlighted stocks such as BWX Technologies, Inc. (NYSE:BWXT). Headquartered in Lynchburg, Virginia, BWX Technologies, Inc. (NYSE:BWXT) is a nuclear component manufacturing and distributing company. The one-month return of BWX Technologies, Inc. (NYSE:BWXT) was 31.73%, and its shares gained 84.22% of their value over the last 52 weeks. On August 7, 2025, BWX Technologies, Inc. (NYSE:BWXT) stock closed at $179.74 per share, with a market capitalization of $16.428 billion.
Artisan Mid Cap Fund stated the following regarding BWX Technologies, Inc. (NYSE:BWXT) in its second quarter 2025 investor letter:
"During the quarter, we initiated new GardenSM positions in RBC Bearings, BWX Technologies, Inc. (NYSE:BWXT) and Duolingo. BWX Technologies designs and manufactures nuclear reactor vessels and components for the US Navy and commercial markets. It has the only Nuclear Regulatory Commission Category 1-licensed facilities permitted to handle, store and process highly enriched uranium in the US. This exclusivity gives it a dominant position across both business segments. It maintains a monopoly on nuclear reactors and fuel for US submarines and aircraft carriers, and it offers a differentiated portfolio of heavy nuclear components. The build schedule for US Navy submarines and aircraft carriers provides long-term visible growth, which we expect to be enhanced by upcoming investments by Canada into refurbishing, expanding and building nuclear power plants. In addition, the Trump administration’s stated desire to accelerate US nuclear energy development could become a catalyst for growth."
An aerial view of a nuclear plant, its domes casting a unique shadow.
BWX Technologies, Inc. (NYSE:BWXT) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 52 hedge fund portfolios held BWX Technologies, Inc. (NYSE:BWXT) at the end of the first quarter, which was 55 in the previous quarter. BWX Technologies, Inc. (NYSE: BWXT) reported second quarter revenue of $764 million, reflecting a 12% increase, driven by growth in both of its segments. While we acknowledge the potential of BWX Technologies, Inc. (NYSE:BWXT) 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.
In another article, we covered BWX Technologies, Inc. (NYSE:BWXT) and shared the list of top nuclear energy stocks to invest in for the next decade. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors.
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Disclosure: None. This article is originally published at Insider Monkey.