Artisan Small Cap Fund Reduces Stake in Colliers International Group Over Strategic Diversification Concerns
In its second-quarter investor letter, Artisan Partners' Artisan Small Cap Fund highlighted concerns over the strategic diversification of Colliers International Group (NASDAQ:CIGI). While acknowledging the company's strong performance in commercial real estate services and brand strength, the fund expressed doubts about whether expanding into engineering and design would generate sufficient shareholder value. As a result, it has redeployed capital to higher-conviction opportunities. The Artisan Small Cap Fund delivered robust returns of 26% across its classes during Q2 2026, outperforming the Russell 2000® Growth Index by modest margins. The fund emphasized small-cap growth and AI infrastructure but reduced exposure in software due to rising valuations and competitive risks. Colliers International Group closed at $97.49 per share on July 24, with a one-month return of 5.08% and a year-to-date decline of 30.16%. The company has a market cap of approximately $4.95 billion.
Tickers: $CIGI
Topics: Artisan Small Cap Fund Colliers International Group (CIGI) Russell 2000® Growth Index