The Fund Grade · free · no account needed
What grade does APHQX get?
Morningstar rates funds on what they returned. We grade them on where their money sits today: how much of the book overlaps with the converged buys of the top specialist stock pickers.
Fundprints Fund Grade · as of 2026-10-01
Artisan Mid Cap Value Fund
#226 of 500 graded active funds · value · mid segment peer group
The point · specialist footprint
APHQX puts less of its book behind proven specialists than 78% of graded funds.
Bottom 20%
● Bottom 40%
Middle
Top 40%
Top 20%
That has mattered: over the past 2.7 years, funds with this little specialist backing trailed top-rung funds by about 3.8% per quarter and beat the S&P in only 22% of fund-quarters. If it also charges an active fee, the higher-graded alternatives deserve a look.
10,000+ funds tracked · the graded specialists among them drive every read
The grade scores this fund's specialist share, the slice that overlaps what the top 1% of proven funds are building. We ignore index ballast and names outside our edge on purpose: that slice is small, and it's what decides the outcome.
APHQX vs the Honor Roll · share card ↗Conviction exposure
6.4%
of the book in specialist-converged names
Late-stage weight
26%
of the book in Crowded or Fading names
Active share
96.1%
how far it strays from the index
The best grades have beaten the worst by about +5% a year since we began grading. The gap held in 9 out of 10 months. Measured on filings as they were published, no hindsight.
Inside the book: top names by stage · as of 2026-10-20
We email you the day it crosses 50% crowded, and where you stand every month.
Graded monthly from point-in-time filings. A description of where the money sits, not a recommendation. Evidence, not advice.
The read · what to do with it
Artisan Mid Cap Value earns a B grade, sitting in the top half of graded funds with modest specialist backing at 6.4 percent. The most striking detail is that five positions totaling over 11 percent of the fund are either Fading or Crowded, meaning specialists are already leaving trades like Tyson Foods and ABG. Early-stage bets on VNT and GL offer some offset, but the late-stage weight of 26 percent is worth watching.
→ Monitor the combined 7.1 percent weight in Fading positions TSN, LNT, and ABG, where specialist exits suggest weakening conviction.
→ Note that VNT and GL carry Emerging stage signals, meaning the fund is genuinely early in those two names relative to peers.
Support leaving these positions
Read from today's disclosed book. Evidence, not advice.