Artisan International Explorer Fund Q1 2026 Winners, Laggards, Buys And Sells

The MSCI ACWI ex US Small Cap Index jumped 11% in the first two months of the year while the S&P 500 was largely flat, highlighting a sharp relative performance shift toward non-U.S. small caps. In Q1, top contributors were IQE, Impro and Vitzrocell, while Alten, Signify and Elementis were the main detractors. The piece is primarily a performance recap with limited immediate market-moving implications.

Analysis

The MSCI ACWI ex US Small Cap Index jumped 11% in the first two months of the year while the S&P 500 was largely flat, highlighting a sharp relative performance shift toward non-U.S. small caps. In Q1, top contributors were IQE, Impro and Vitzrocell, while Alten, Signify and Elementis were the main detractors. The piece is primarily a performance recap with limited immediate market-moving implications.