Artisan Mid Cap Fund Acquired ServiceTitan (TTAN) Amid Multiple Growth Opportunities

Artisan Partners, an investment management company, released its “Artisan Mid Cap Fund” third-quarter 2025 investor letter. A copy of the letter can be downloaded here. Global equity markets continued their strength in the third quarter, ending the period with double-digit year-to-date gains. In the quarter, the fund’s Investor Class fund ARTMX returned 8.80%, Advisor Class fund APDMX posted a return of 8.80%, and Institutional Class fund APHMX returned 8.83%, compared to a 2.78% return for the Russell Midcap Growth Index. The significant outperformance was led by holdings in the health care sector. 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 Fund highlighted stocks such as ServiceTitan, Inc. (NASDAQ:TTAN). ServiceTitan, Inc. (NASDAQ:TTAN) provides an end-to-end cloud-based software platform that connects and manages a range of business workflows. The one-month return of ServiceTitan, Inc. (NASDAQ:TTAN) was 14.90%, and YTD its shares gained 5.70% of their value. On October 14, 2025, ServiceTitan, Inc. (NASDAQ:TTAN) stock closed at $97.01 per share, with a market capitalization of $9.017 billion.

Artisan Mid Cap Fund stated the following regarding ServiceTitan, Inc. (NASDAQ:TTAN) in its third quarter 2025 investor letter:

"During the quarter, we initiated new positions in Woodward, Teledyne Technologies and ServiceTitan, Inc. (NASDAQ:TTAN). ServiceTitan is the leading vertical software provider for the trades (e.g., plumbing, HVAC, electrical), a sector historically underserved by technology. The company focuses on residential and commercial services that manage the full workflow—from lead generation to payment. Revenue comes from subscriptions and usage-based payment processing. We see multiple opportunities for growth, including acquiring new customers, upselling existing ones and expanding into additional trades. We took advantage of a recent pullback to start a GardenSM position."

ServiceTitan, Inc. (NASDAQ:TTAN) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 51 hedge fund portfolios held ServiceTitan, Inc. (NASDAQ:TTAN) at the end of the second quarter, which was 25 in the previous quarter. In the second of 2025, ServiceTitan, Inc. (NASDAQ:TTAN) reported total revenue of $242.1 million, up 25% year-over-year. While we acknowledge the potential of ServiceTitan, Inc. (NASDAQ:TTAN) 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 ServiceTitan, Inc. (NASDAQ:TTAN) and shared the list of most promising new technology stocks to buy according to hedge funds. In addition, please check out our hedge fund investor letters Q3 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.