Techtronic Industries Ltd ADR

• AP Artisan Partners Artisan Global Equity Fund Quarterly Commentary ↗ Artisan Global Equity Fund exited LS Electric and Hanwha Aerospace, reduced LIG Defense and Aerospace, and added Sumitomo Electric Industries, Techtronic Industries and Ryanair as valuations and risk-reward shifted. The fund retained conviction in AI infrastructure, electrification, European banks and aerospace and defense despite volatility in semiconductor and defense holdings. Q2 2026 010120 $20B012450 $32BBSX $61B +7

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