Modine Manufacturing Company (MOD) Surged on Increased Demand

Artisan Partners, an investment management company, released its “Artisan Small Cap Fund” third-quarter 2025 investor letter. A copy of the letter can be downloaded here. Global equities continue to rally in the third quarter, the period with double-digit YTD gains. Major US indices like Russell 1000®, Russell Midcap®, and Russell 2000® reached record highs in the period. In the quarter, the fund’s Investor Class fund ARTSX returned 8.69%, Advisor Class fund APDSX posted a return of 8.75%, and Institutional Class fund APHSX returned 8.73%, compared to a return of 12.19% for the Russell 2000 Growth Index. In addition, you can check the fund’s top 5 holdings to find out its best picks for 2025.

In its third-quarter 2025 investor letter, Artisan Small Cap Fund highlighted stocks such as Modine Manufacturing Company (NYSE:MOD). Modine Manufacturing Company (NYSE:MOD) offers thermal management products and solutions. The one-month return of Modine Manufacturing Company (NYSE:MOD) was -16.30%, and its shares gained 4.53% of their value over the last 52 weeks. On November 14, 2025, Modine Manufacturing Company (NYSE:MOD) stock closed at $132.02 per share, with a market capitalization of $6.951 billion.

Artisan Small Cap Fund stated the following regarding Modine Manufacturing Company (NYSE:MOD) in its third quarter 2025 investor letter:

"Among our top contributors were Lattice Semiconductor, Modine Manufacturing Company (NYSE:MOD) and Insmed. Modine is a global leader in thermal management solutions. The company is experiencing strong growth, driven by increased business with existing hyperscale customers as well as the addition of new accounts in the hyperscale segment. Rising demand across newer geographies, particularly in the US and Southeast Asia, and Modine’s expansion into advanced product lines, such as rack-level and modular data center cooling solutions, have further fueled this momentum. As a result, the company has significantly raised its revenue expectations for the year."

Modine Manufacturing Company (NYSE:MOD) is not on our list of 30 Most Popular Stocks Among Hedge Funds. According to our database, 49 hedge fund portfolios held Modine Manufacturing Company (NYSE:MOD) at the end of the second quarter, up from 45 in the previous quarter. Modine Manufacturing Company’s (NYSE:MOD) sales for the second quarter of 2026 increased by 12%, primarily due to revenue growth in Climate Solutions. While we acknowledge the potential of Modine Manufacturing Company (NYSE:MOD) 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 Modine Manufacturing Company (NYSE:MOD) and shared SouthernSun Small Cap Strategy's views on the company. 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.