Here’s Why Artisan Small Cap Fund Trimmed Lattice Semiconductor (LSCC) in Q4

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The Fund seeks to invest in companies that possess franchise characteristics, with strong earnings trajectories, and are trading at a discount to the estimated private market value. In 2025, volatility was elevated, and sentiment shifted frequently, despite strong results, influenced by political developments in the US, evolving trade policy rhetoric, changing expectations for monetary policy, and ongoing geopolitical tensions. Against this backdrop, the Fund posted strong absolute returns in the fourth quarter, outperforming both the Russell 2000® Growth Index and the Russell 2000® Index. The portfolio delivered strong results in the quarter across all segments. In contrast, for the full year, the Fund generated strong results but trailed both the indexes. In Q4 2025, the market leadership shifted back to companies with durable profit cycles. Moving to 2026, the firm continues to focus on its proven technique of identifying profit cycles in franchise companies at reasonable valuations. Please review the Fund’s top five holdings to gain insights into their key selections for 2025.In its fourth-quarter 2025 investor letter, Artisan Small Cap Fund highlighted stocks like Lattice Semiconductor Corporation (NASDAQ:LSCC). Lattice Semiconductor Corporation (NASDAQ:LSCC) is a provider of low-power field programmable gate arrays that can be custom-configured by the user through software. On March 16, 2026, Lattice Semiconductor Corporation (NASDAQ:LSCC) stock closed at $89.92 per share. One-month return of Lattice Semiconductor Corporation (NASDAQ:LSCC) was -7.77%, and its shares gained 44.31% over the past 52 weeks. Lattice Semiconductor Corporation (NASDAQ:LSCC) has a market capitalization of $12.3 billion.Artisan Small Cap Fund stated the following regarding Lattice Semiconductor Corporation (NASDAQ:LSCC) in its fourth quarter 2025 investor letter:"Notable trims during the quarter were iRhythm, Flex and Lattice Semiconductor Corporation (NASDAQ:LSCC). Lattice is a fabless provider of low power field programmable gate arrays. Recent results and guidance were in line with expectations, and long term growth drivers remain intact, including expanding data center use cases, increasing AI edge computing adoption and a gradual recovery in industrial markets. We trimmed our CropSM position to maintain valuation discipline but remain invested, given attractive profit-cycle drivers and a capable new management team."Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,744.60 +45.22 (+0.68%)Dow 3047,372.48 +426.07 (+0.91%)Nasdaq22,523.29 +149.11 (+0.67%)Russell 20002,503.29 +23.24 (+0.94%)VIX22.42 -1.09 (-4.63%)Gold5,016.40 +14.20 (+0.28%)Trending tickersADBE Adobe Inc. 256.80 +4.94 (+1.96%)BTC-USD Bitcoin USD 73,835.20 -480.70 (-0.65%)XYZ Block, Inc. 60.32 +0.46 (+0.76%)ULTA Ulta Beauty, Inc. 526.91 +10.17 (+1.97%)RBRK Rubrik, Inc. 51.98 +0.33 (+0.63%)PortfolioSign in to access your portfolioSign inTop gainersSEI Solaris Energy Infrastructure, Inc. 64.50 +7.46 (+13.07%)LMND Lemonade, Inc. 64.54 +6.73 (+11.63%)ESLT Elbit Systems Ltd. 969.99 +95.49 (+10.92%)IBRX ImmunityBio, Inc. 8.78 +0.57 (+6.98%)OKLO Oklo Inc. 64.45 +4.79 (+8.03%)Top losersTME Tencent Music Entertainment Group 12.61 -2.50 (-16.55%)NBIS Nebius Group N.V. 118.08 -11.78 (-9.07%)AXTI AXT, Inc. 44.75 -3.64 (-7.52%)SMTC Semtech Corporation 84.11 -4.89 (-5.49%)ASO Academy Sports and Outdoors, Inc. 53.18 -3.33 (-5.91%)Most activeNVDA NVIDIA Corporation 184.03 +0.84 (+0.46%)CFLT Confluent, Inc. 30.99 +0.32 (+1.04%)INTC Intel Corporation 44.97 -0.79 (-1.72%)AAL American Airlines Group Inc. 10.90 +0.41 (+3.86%)NBIS Nebius Group N.V. 118.08 -11.78 (-9.07%)Top economic eventsEarnings eventsMy earnings eventsEarnings events