Artisan Value Fund reveals why it dumped Cigna for Elevance — and why ASML stays a top bet
Artisan Value Fund sold The Cigna Group and bought Elevance Health in Q3, citing policy risk around pharmacy benefit managers. The fund’s Investor Class shares returned 0.83% for the quarter, trailing the Russell 1000 Value Index’s 5.33% gain. Managers reaffirmed ASML Holding as a top position.