Artisan Mid Cap Fund Trimmed Coherent (COHR) Despite Strong Earnings

Artisan Mid Cap Fund Trimmed Coherent (COHR) Despite Strong Earnings Soumya Eswaran Mon, May 11, 2026 at 7:55 PM GMT+7 3 min read COHR 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 highlighted stocks like Coherent Corp (NYSE:COHR). Coherent Corp. (NYSE:COHR) manufactures and markets engineered materials, optoelectronic components and devices, as well as laser systems used across data center, industrial, and communications applications. On May 8, 2026, Coherent Corp. (NYSE:COHR) closed at $335.26 per share. One-month return of Coherent Corp. (NYSE:COHR) was 8.88%, and its shares gained 331.09% over the past 52 weeks. Coherent Corp. (NYSE:COHR) has a market capitalization of $65.59 billion.

Artisan Mid Cap Fund stated the following regarding Coherent Corp. (NYSE:COHR) in its Q1 2026 investor letter: