Artisan Partners, an investment management company, released its second-quarter 2026 investor commentary for the “Artisan Global Opportunities Strategy”. The letter can be downloaded here. Global equities rebounded sharply during the quarter, with the MSCI ACWI Index returning 15.3% as resilient economic growth, strong corporate earnings, and continued enthusiasm around artificial intelligence supported markets despite persistent inflation, higher bond yields, and geopolitical uncertainty. The portfolio reported strong absolute returns of 12.65% (net) but underperformed the benchmark, mainly because of its underweight exposure to information technology and overweight position in health care. Strong stock selection in technology and energy partially offset these headwinds. The fund continues to see attractive long-term opportunities across AI infrastructure, health care, and consumer internet, while remaining disciplined on valuation as several AI-related stocks have appreciated sharply. Management remains focused on durable franchises with identifiable profit cycles and attractive long-term earnings potential. Also, check the Strategy’s top five holdings to see its best picks in 2026.
In its second-quarter 2026 investor letter, Artisan Global Opportunities Strategy highlighted DoorDash, Inc. (NASDAQ:DASH). DoorDash, Inc. (NASDAQ:DASH) is a US-based leading online food ordering and delivery platform. On September 2, 2026, DoorDash, Inc. (NASDAQ:DASH) closed at $226.24 per share. DoorDash, Inc. (NASDAQ:DASH) returned 6.09% over the past month, while its shares lost 9.06% over the past 52 weeks. DoorDash, Inc. (NASDAQ:DASH) has a market capitalization of $98.04 billion.
Artisan Global Opportunities Strategy stated the following regarding DoorDash, Inc. (NASDAQ:DASH) in its Q2 2026 investor letter:
“Notable adds during the quarter included DoorDash, Inc. (NASDAQ:DASH) and Keyence. DoorDash operates a technology-driven local commerce marketplace. Recent results demonstrated continued strength in underlying demand, with record membership additions and ongoing market share gains across the restaurant, retail and grocery delivery segments. While investments in new verticals have tempered near-term margin expansion, we believe they have the potential to meaningfully extend the company’s growth runway. Shares have also been pressured by concerns that AI could disrupt consumer internet companies, but DoorDash’s fulfillment network solves a physical, logistics-intensive problem that we believe is less vulnerable to near-term AI disruption. We continue to believe the market underestimates the durability of DoorDash’s network and long-term monetization opportunity, and we increased the position following the recent pullback.”
