Artisan Partners reports November AUM $180.8B

Artisan Partners (APAM) reported that its preliminary assets under management as of November 30 totaled $180.8B. Artisan Funds and Artisan Global Funds accounted for $87.2B of total firm AUM, while separate accounts and other AUM accounted for $93.6B. 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 $800M of Artisan Funds distributions that were not reinvested. Based on updated estimates, approximately $400M of additional Artisan Funds distributions not reinvested are expected in December. Separately, the firm had a $2.7B 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.