Artisan Mid Cap Value Fund Sold Dentsply Sirona (XRAY) due to Weak Dental Market
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Artisan Mid Cap Value Fund sold its position in Dentsply Sirona (XRAY) due to a challenging dental market, characterized by weak macro conditions and competitive pressures. The fund's Q1 2025 performance was slightly negative, with returns of -1.03% for Investor Class and -0.97% for Advisor and Institutional Classes, compared to a -2.11% return for the Russell Midcap Value Index. Dentsply Sirona's stock has declined 42.80% over the past year, prompting the fund to seek better investment opportunities, particularly in AI stocks, which they believe offer higher potential returns.
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