1. APAM's AUM reached $180.8 billion as of November 30, 2025. 2. Over $800 million of distributions were not reinvested in November. 3. An expected $400 million additional distributions are anticipated in December. 4. $2.7 billion redemption occurred from a non-U.S. client in December. 5. Redemption driven by local pension-market dynamics affecting growth strategies.
FAQ
Why Bearish?
The significant distribution outflow and large redemption suggest declining investor confidence, typically reflected in falling stock prices. Historical trends indicate that such redemptions can stabilize temporarily but yield longer-term effects on AUM and stock performance.
How important is it?
Changes in AUM and investor behavior are critical indicators affecting APAM's value, particularly given the size of the mentioned distributions and redemptions.
Why Short Term?
Immediate price impact expected due to market reaction to AUM declines and investor sentiment. Historically, companies experience swift corrections in stock price around similar news.
MILWAUKEE, Dec. 09, 2025 (GLOBE NEWSWIRE) -- Artisan Partners Asset Management Inc. (NYSE:APAM) today reported that its preliminary assets under management ("AUM") as of November 30, 2025 totaled $180.8 billion. Artisan Funds and Artisan Global Funds accounted for $87.2 billion of total firm AUM, while separate accounts and other AUM1 accounted for $93.6 billion. During the fourth quarter of each year, certain Artisan Funds make their annual income and capital gains distributions. November month-end AUM includes the impact of approximately $800 million of Artisan Funds distributions that were not reinvested. Based on updated estimates, approximately $400 million of additional Artisan Funds distributions not reinvested are expected in December. Separately, the Firm had a $2.7 billion redemption in early December 2025 from a non-U.S. institutional client across three Growth team strategies, driven in part by local pension-market dynamics.
| PRELIMINARY ASSETS UNDER MANAGEMENT BY STRATEGY2 | ||
| As of November 30, 2025 - ($ Millions) | ||
| Growth Team | ||
| Global Opportunities | $18,429 | |
| Global Discovery | 1,838 | |
| U.S. Mid-Cap Growth | 10,965 | |
| U.S. Small-Cap Growth | 2,919 | |
| Franchise | 1,182 | |
| Global Equity Team | ||
| Global Equity | 432 | |
| Non-U.S. Growth | 15,311 | |
| U.S. Value Team | ||
| Value Equity | 5,578 | |
| U.S. Mid-Cap Value | 2,134 | |
| Value Income | 17 | |
| International Value Group | ||
| International Value | 51,542 | |
| International Explorer | 905 | |
| Global Special Situations | 34 | |
| Global Value Team | ||
| Global Value | 35,083 | |
| Select Equity | 964 | |
| Sustainable Emerging Markets Team | ||
| Sustainable Emerging Markets | 2,450 | |
| Credit Team | ||
| High Income | 12,985 | |
| Credit Opportunities | 363 | |
| Floating Rate | 91 | |
| Custom Credit Solutions | 1,177 | |
| Developing World Team | ||
| Developing World | 4,635 | |
| Antero Peak Group | ||
| Antero Peak | 2,269 | |
| Antero Peak Hedge | 268 | |
| International Small-Mid Team | ||
| Non-U.S. Small-Mid Growth | 5,058 | |
| EMsights Capital Group | ||
| Global Unconstrained | 1,057 | |
| Emerging Markets Debt Opportunities | 1,303 | |
| Emerging Markets Local Opportunities | 1,767 | |
| Total Firm Assets Under Management ("AUM") | $180,756 | |
1 Separate account and other AUM consists of the assets we manage in or through vehicles other than Artisan Funds or Artisan Global Funds. Separate account and other AUM includes assets we manage in traditional separate accounts, as well as assets we manage in Artisan-branded collective investment trusts, and in our own private funds.
2 AUM for Artisan Sustainable Emerging Markets and U.S. Mid-Cap Growth Strategies includes $127.7 million in aggregate for which Artisan Partners provides investment models to managed account sponsors (reported on a lag not exceeding one quarter).
ABOUT ARTISAN PARTNERS
Artisan Partners is a global multi-asset investment platform providing a broad range of high value-added investment strategies in growing asset classes to sophisticated clients around the world. Since 1994, the firm has been committed to attracting experienced, disciplined investment professionals to manage client assets. Artisan Partners' autonomous investment teams oversee a diverse range of investment strategies across multiple asset classes. Strategies are offered through various investment vehicles to accommodate a broad range of client mandates.
Investor Relations Inquiries: 866.632.1770 or ir@artisanpartners.com
Source: Artisan Partners Asset Management Inc.
