Artisan Mid Cap Fund Divested Parsons Corporation (PSN) Due to Contract Win Uncertainty

Artisan Mid Cap Fund Divested Parsons Corporation (PSN) Due to Contract Win Uncertainty Soumya Eswaran Mon, May 11, 2026 at 7:59 PM GMT+7 3 min read PSN Artisan Partners, an investment management company, released its first-quarter 2026 investor letter for the “Artisan Mid Cap Fund”. A copy of the letter is available to download here. In Q1 2026, the Artisan Mid Cap Fund reported negative absolute returns but slightly outperformed the Russell Midcap® Growth Index. The market favored lower volatility and income-oriented equities, with value outpacing growth significantly. Despite challenges for growth strategies, selective stock choices in sectors like industrials and healthcare provided strength, while consumer discretionary faced weaknesses. Mid- and small-cap indices showed resilience amid lagging large-cap growth stocks. The escalating conflict in Iran influenced market behavior, and AI-related investments continued to support capital spending and earnings. In addition, please check the Fund’s top five holdings to know its best picks in 2026.

In its first-quarter 2026 investor letter, Artisan Mid Cap Fund mentioned Parsons Corporation (NYSE:PSN). Parsons Corporation (NYSE:PSN) is a technology-driven engineering company that focuses on the defense, intelligence, and infrastructure markets. On May 8, 2026, Parsons Corporation (NYSE:PSN) stock closed at $49.18 per share. One-month return of Parsons Corporation (NYSE:PSN) was -12.38%, and its shares lost 24.44% over the past 52 weeks. Parsons Corporation (NYSE:PSN) has a market capitalization of $5.26 billion.

Artisan Mid Cap Fund stated the following regarding Parsons Corporation (NYSE:PSN) in its Q1 2026 investor letter: