From The Motley Fool · Motley Fool Transcribing · · 2m
Artisan Partners Q3 2026 Earnings Results
Artisan Partners reports 8% AUM decline as credit strategies expand.
In brief
Artisan Partners reports 8% AUM decline as credit strategies expand. Artisan Partners saw $169 billion in assets under management drop 8% from previous quarter with credit strategies growing to 15% of total assets. Originally reported by The Motley Fool.
Q3 2026 Results
Artisan Partners reported $169 billion in assets under management, down 8% from previous quarter and 7% year-over-year.
Net Client Outflows
Net client outflows totaled $10.6 billion for the quarter, including $7.8 billion from discrete events.
Credit and Alternatives Growth
Credit and alternative strategies generated $1.1 billion in net inflows, raising $3.2 billion year to date.
Credit Performance
Credit strategies generated $290 million in net inflows, marking 17 consecutive quarters of positive flows.
Alternative Strategy Growth
Alternative strategies raised $770 million, driven by Artisan Global Unconstrained mutual fund growth.
Credit and Alternatives AUM
Credit and alternative assets under management reached $26 billion, nearly doubling over five years.
Market Breadth
Market breadth at quarter end was 17% below all-time highs, the narrowest since 2001.
New Product Launches
Thirteen new UCITS fund share classes launched to expand reach into UK and European wealth markets.
Q4 Distributions
Estimated Q4 distributions will reduce AUM by $2.5 billion from non-reinvested mutual fund distributions.
Performance Fee Outlook
Performance fees estimated at $29 million for Q4, subject to market conditions through year-end.
Short-Term Performance
75% of assets outperformed on one-year basis as of Oct. 26, 2026, following relative underperformance.
Interval Fund Development
Developing interval fund structure for 2027 launch to leverage public and private credit capabilities.
Institutional Client Concentration
Top 15% to 20% of clients diversified across six teams and nine strategies, reducing concentration risk.
Credit Team Expansion
Credit team added fixed income talent and launched global special situation strategy in 2026.
Performance Fee Assets
3% of total assets under management subject to performance fees, crystallizing on Dec. 31.
Q4 Outlook
Q4 will see $2.5 billion AUM reduction from distributions and higher fee rates due to client outflows.
The essence
Artisan Partners saw $169 billion in assets under management drop 8% from previous quarter with credit strategies growing to 15% of total assets.
