Here’s What Reinforces Artisan Small Cap Fund’s Thesis for Ollie’s Bargain Outlet Holdings (OLLI)

4 days ago 10

Soumya Eswaran

Fri, June 5, 2026 astatine 8:40 AM CDT 3 min read

Artisan Partners, an concern absorption company, released its first-quarter 2026 capitalist missive for the “Artisan Small Cap Fund”. A transcript of the missive is disposable to download here. US equities were mixed successful Q1 2026, with large indices hitting all-time highs successful January earlier retreating amid geopolitical tensions, changing monetary policy, and economical uncertainty. Energy stocks surged, outpacing the market, portion worth outperformed maturation arsenic investors moved from tech to commodity-sensitive sectors. Market enactment broadened, with mid- and small-cap indices performing amended than ample caps. The Iran struggle influenced marketplace behavior. AI-related investments supported superior spending and earnings, though capitalist sentiment was mixed. The portfolio saw antagonistic implicit returns but outpaced the Russell 2000® Growth Index, offering immoderate downside protection. Investor Class: ARTSX, Advisor Class: APDSX, and Institutional Class: APHSX returned -2.72%, -2.68%, and -2.69%, respectively, successful the archetypal 4th compared to -2.81% instrumentality for the index. The marketplace shifted towards cyclical, commodity sectors, little aligned with high-quality franchises, owed to geopolitical events and vigor shocks. Despite this, galore portfolio companies maintained coagulated net aligned with their nett cycles. The Firm views this situation arsenic supportive of its banal enactment approach, focused connected bottom-up banal enactment crossed industries. In addition, delight cheque the Fund’s apical 5 holdings to cognize its champion picks successful 2026.

In its first-quarter 2026 capitalist letter, Artisan Small Cap Fund highlighted Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI). Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) is simply a US-based retailer of closeout merchandise and excess inventory. On June 4, 2026, Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) closed astatine $74.47 per share. One-month instrumentality of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) was -9.41%, and its shares mislaid 37.61% implicit the past 52 weeks. Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) has a marketplace capitalization of $4.50 billion.

Artisan Small Cap Fund stated the pursuing regarding Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) successful its Q1 2026 capitalist letter:

"In summation to Compass, we added to our positions successful Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) and Flowserve during the quarter. Ollie’s Bargain Outlet is simply a closeout driven discount retailer that delivers a “treasure-hunt” buying acquisition by offering branded merchandise astatine compelling values. We added Ollie’s to the portfolio’s CropSM pursuing an acceleration successful comparable store sales, reinforcing our thesis of a agelong runway for quadrate footage maturation and a much favorable competitory environment. Weaker peers person been exiting the market, which has been enabling Ollie’s to entree a greater measurement of charismatic closeout deals and negociate improved presumption with vendors, fixed its scale. This dynamic whitethorn besides enactment much favorable existent property opportunities done improved tract availability and lease economics."

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