Artisan Companions, an funding administration firm, launched its “Artisan Choose Fairness Fund” second-quarter 2025 investor letter. A duplicate of the letter may be downloaded right here. The fund’s Investor Class ARTNX, Advisor Class APDNX, and Institutional Class APHNX returned 6.77%, 6.76%, and 6.80%, respectively, within the second quarter, in comparison with a ten.94% return for the S&P 500 Index. As well as, you possibly can examine the highest 5 holdings of the technique to know its finest picks in 2025.
In its second-quarter 2025 investor letter, Artisan Choose Fairness Fund highlighted shares similar to Berkshire Hathaway Inc. (NYSE:BRK-B). Berkshire Hathaway Inc. (NYSE:BRK-B) engages within the insurance coverage, freight rail transportation, and utility companies. The one-month return of Berkshire Hathaway Inc. (NYSE:BRK-B) was -0.59%, and its shares gained 8.64% of their worth over the past 52 weeks. On September 18, 2025, Berkshire Hathaway Inc. (NYSE:BRK-B) inventory closed at $500.03 per share, with a market capitalization of $1.079 trillion.
Artisan Choose Fairness Fund said the next relating to Berkshire Hathaway Inc. (NYSE:BRK-B) in its second quarter 2025 investor letter:
“Berkshire Hathaway Inc.’s (NYSE:BRK-B) share value declined 9%. We suspect this was largely on account of Warren Buffett’s announcement that he’s stepping down as CEO. The CEO transition to Buffett’s lieutenant, Greg Abel, has been broadly telegraphed, although the date was by no means sure. Now it’s. We’ve a variety of ideas round this transition. Buffett and Abel are in lots of respects a examine in contrasts. Abel is a good operator of companies. Buffett is a good inventory picker and capital allocator, however not an operator. In our view, the way forward for Berkshire will now seemingly flip extra on the worth that may be created from operations first and capital allocation second. Abel might enhance the working efficiency of the companies on account of a larger stage of inner scrutiny and focus.
