# Artisan Partners Q3 2026 Earnings Results

> Artisan Partners reports 8% AUM decline as credit strategies expand.
- Title: Artisan Partners Q3 2026 Earnings Results · The Motley Fool
- Summary: Artisan Partners reports 8% AUM decline as credit strategies expand. Artisan Partners saw $169 billion in assets under management drop 8% from previous…
- Keywords: artisan partners, apam, q3 2026, assets under management, credit strategies, alternatives, performance fees, wealth management, finance, money, Artisan, Partners
- Source: The Motley Fool — https://fool.com/earnings/call-transcripts/2026/10/28/artisan-partners-apam-q3-2026-earnings-call-transcript
- Author: Motley Fool Transcribing
- Published: 2026-10-28T16:44:26+00:00
- Read time: 2 min
- Topics: artisan partners, apam, q3 2026, assets under management, credit strategies, alternatives, performance fees, wealth management, finance, money
## 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.
## Key takeaway

Artisan Partners saw $169 billion in assets under management drop 8% from previous quarter with credit strategies growing to 15% of total assets.