What is the 13F Pro Quality Score for APAM?

13F Pro ranks Artisan Partners Asset Management Inc. (APAM) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View APAM's current score at https://13fpro.ai/research/APAM (free sign-up required for the full ranking).

Where does 13F Pro source APAM data?

All Artisan Partners Asset Management Inc. fundamentals and ownership data come directly from SEC EDGAR. Artisan Partners Asset Management Inc. files with the SEC under CIK 1517302. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is APAM in?

Artisan Partners Asset Management Inc. (APAM) is classified in the Financials sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/financials.

What drives APAM's revenue?

Per Artisan Partners Asset Management Inc.'s latest 10-Q filed with the SEC on 2026-05-04, the biggest revenue drivers are: Management fees ($302.8M, +9% YoY); Performance fees ($0.2M, Immaterial). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/research/APAM.

What are APAM's largest expenses?

Artisan Partners Asset Management Inc.'s latest 10-Q reports these as the largest expense items: Compensation and benefits ($168.7M, +9% YoY); Distribution, servicing and marketing ($7.5M, +16% YoY); Communication and technology ($13.8M, +7% YoY). Sourced directly from SEC EDGAR filing text for Q1 2026 (quarter ended March 31, 2026).

How often is APAM research updated on 13F Pro?

APAM's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

Artisan Partners Asset Management Inc.(APAM)Stock Analysis

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13F Pro Quality Score

70.9/100

Rank #285 of 2,879 stocksTOP 10%

View Financials peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.

Revenue Growth

53.2/100

Profitability

84.3/100

Balance Sheet

94.0/100

Earnings Quality

42.8/100

Free Cash Flow

88.9/100

Institutional Flow

80.2/100

Revenue Scale

52.4/100

Dilution Risk

39.0/100

APAM Stock Analysis & AI Quality Score

AI stock analysis and institutional research for Artisan Partners Asset Management Inc. (APAM), a Financials sector company. 13F Pro's AI-powered ranking engine scores APAM at 70.9/100 on a 32-signal composite quality model, placing it at rank #285 of 2,879 stocks — the top 10% of the AI-ranked universe. APAM scores in the top quartile across balance sheet strength (94.0), free cash flow (88.9), profitability (84.3). Shareholder dilution risk is elevated at 39.0/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q1 2026), Artisan Partners Asset Management Inc. reports quarterly revenue of $303.0M, net income of $58.0M, an operating margin of 31.1%. Top institutional holders of APAM by reported 13-F value include BlackRock,, KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT, VANGUARD PORTFOLIO MANAGEMENT, based on the most recent SEC filings. APAM trades on the NYSE exchange and files with the SEC under CIK 1517302. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate APAM daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Artisan Partners Asset Management Inc. directly from SEC EDGAR. Artisan Partners Asset Management Inc.'s 13F Pro composite quality score has ranged between 56 and 79 since 2021, currently 70.9 — an improving long-term trajectory across 28 quarterly and live scoring snapshots.

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Fun facts about Artisan Partners Asset Management Inc.

Quirks, history, and lore behind APAM — the kind of stuff that makes a stock memorable.

1
The Basics
U.S. asset management firm · publicly traded · headquartered in Milwaukee, Wisconsin · focuses exclusively on equity investing.
2
The Numbers
Manages roughly $150 billion in assets under management — not a giant by Wall Street standards, but a serious boutique with a fiercely concentrated portfolio style.
3
The History
Founded in 1994 by a small team of fundamental stock-pickers who believed in owning fewer, higher-conviction positions rather than index-hugging diversification.
4
The Secret
Its business model is built around independent thinking and low portfolio turnover — the firm tends to hold stocks for years, not months, and its analysts act more like business owners than traders.
5
The Lore
The firm is named after a medieval guild craftsman — a deliberate nod to skilled, patient workmanship — which is a pretty bold thing to put on a financial prospectus.
6
The Giveaway
Ticker APAM, named after the skilled tradespeople of old — this Milwaukee-based boutique equity manager brands itself as the "artisan" of the investment world.

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What's Driving APAM's Business? Latest 10-Q Breakdown

✓ 26/26 datapoints verified

AI-extracted from Artisan Partners Asset Management Inc.'s 10-Q filed 2026-05-04 — Q1 2026 (quarter ended March 31, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

Artisan Partners earned $303.0M in Q1 2026 revenues (+9% YoY) on $182.4B average AUM, achieving 31.1% operating margin despite $3.1B net client outflows and $4.6B market depreciation.

Biggest Revenue Drivers

Total revenue: $303.0M+9% YoY

Management fees$302.8M+9% YoY

Driven by 9% increase in average AUM to $182.4B, with weighted average fee rate of 67.4 bps

Performance fees$0.2MImmaterial

Approximately 4% of AUM subject to performance fee arrangements, mostly recognized in Q4

Largest Expense Items

Compensation and benefits$168.7M+9% YoY

$8.7M increase in short-term incentive compensation driven by higher revenues; 2% increase in full-time associates including Grandview acquisition

Distribution, servicing and marketing$7.5M+16% YoY

Supporting client relationship and distribution activities

Communication and technology$13.8M+7% YoY

Infrastructure and system investments

General and administrative$11.4M+30% YoY

Increases in professional fees

Margins: Operating margin was 31.1% for Q1 2026 versus 31.2% for Q1 2025; adjusted operating margin declined to 31.1% from 32.1% YoY due to $2.5M compensation reversal in prior year and market-driven investment losses on compensation plan hedges.

Watch Items from the Filing

Net client cash outflows of $3.1B in Q1 2026; equity strategies experienced $4.2B outflows while credit and alternative strategies generated combined $1.1B inflows. Management notes if trends persist, further equity outflows expected in 2026.
AUM declined 4% from $179.9B (Dec 31, 2025) to $173.0B (Mar 31, 2026) due to $4.6B market depreciation, $3.1B net outflows, $0.1B distributions; partially offset by $0.9B Grandview acquisition.
Acquired Grandview Property Partners for $22.5M upfront cash with contingent consideration of $25.9M tied to committed capital milestones and revenue run rates over seven-year period; up to $50M capital commitments required for next two Grandview flagship funds.
Tax receivable agreement (TRA) liability of $305.2M as of March 31, 2026; company expects to pay approximately $40.4M in TRA payments during 2026 (with $30.3M paid in April 2026), funded from reduced tax payments realized on tax attributes.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →Share on X

Revenue

Q1 2026

$303.0M

Net Income

Q1 2026

$58.0M

Free Cash Flow

Q1 2026

$181.2M

Operating Margin

Q1 2026

31.1%

D/E Ratio

Q1 2026

0.49

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro+

Revenue

+7.6% YoY

$1.20BFY 2025

FY20 $899.6MFY22 $993.3MFY24 $1.11BFY25 $1.20B

Net Income

+11.8% YoY

$290.3MFY 2025

FY20 $212.6MFY22 $206.8MFY24 $259.7MFY25 $290.3M

Operating Income

+9.0% YoY

$399.6MFY 2025

FY20 $358.3MFY22 $344.1MFY24 $366.6MFY25 $399.6M

EPS (Diluted)

+10.7% YoY

$4.05FY 2025

FY20 $3.40FY22 $2.94FY24 $3.66FY25 $4.05

Total Assets

-2.6% YoY

$1.58BFY 2025

FY20 $1.15BFY22 $1.23BFY24 $1.62BFY25 $1.58B

Total Debt

-5.2% YoY

$189.1MFY 2025

FY20 $199.3MFY22 $199.1MFY24 $199.4MFY25 $189.1M

Op. Cash Flow

-53.9% YoY

$172.0MFY 2025

FY20 $318.7MFY22 $312.6MFY24 $372.8MFY25 $172.0M

Metric	FY 2025	FY 2024	FY 2022	FY 2020	FY 2019	FY 2018
Revenue	$1.20B +7.6%	$1.11B +11.9%	$993.3M +10.4%	$899.6M +12.6%	$799.0M -3.6%	$828.6M
Net Income	$290.3M +11.8%	$259.7M +25.6%	$206.8M -2.8%	$212.6M +35.8%	$156.5M -1.1%	$158.3M
Operating Income	$399.6M +9.0%	$366.6M +6.5%	$344.1M -4.0%	$358.3M +26.4%	$283.5M -7.0%	$304.9M
EPS (Diluted)	$4.05 +10.7%	$3.66 +24.5%	$2.94 -13.5%	$3.40 +28.3%	$2.65 -6.7%	$2.84
Total Assets	$1.58B -2.6%	$1.62B +31.1%	$1.23B +7.2%	$1.15B +23.4%	$933.6M +16.0%	$805.0M
Total Debt	$189.1M -5.2%	$199.4M +0.2%	$199.1M -0.1%	$199.3M +0.1%	$199.1M -0.1%	$199.3M
Operating Cash Flow	$172.0M -53.9%	$372.8M +19.3%	$312.6M -1.9%	$318.7M +8.8%	$292.8M -12.2%	$333.3M

AI Insight: APAM Financial Trends

Q4 2025 delivered APAM's strongest quarter on record — $336M revenue and $132M operating income — but Q1 2026 sequential pullback and deeply negative Q4 2025 operating cash flow warrant scrutiny.

• Revenue grew from $271M in Q2 2024 to $336M in Q4 2025, a 24% rise, with Q1 2026 pulling back to $303M.

• Operating income peaked at $132M in Q4 2025, up from $87M in Q2 2024, though Q1 2026 retreated to $94M.

• Total debt edged down from $199M to $189M in Q3 2025, while equity expanded from $341M to $389M in Q1 2026.

• Operating cash flow is highly volatile, swinging from $158M in Q1 2025 to -$77M in Q4 2025, then rebounding to $182M in Q1 2026.

⚠ Q4 2025 operating cash flow turned deeply negative at -$77M despite record earnings — cash conversion quality needs monitoring.

⚠ Net income fell to $58M in Q1 2026, matching the lowest level in the data series, despite revenue holding at $303M.

⚠ Debt reduction stalled at $189M for three consecutive quarters — watch for further deleveraging or new issuance.

AI Insight: APAM Ratio Trends

Q4 2025 delivered peak profitability across all metrics, but Q1 2026 snapped back sharply with OpMargin falling to 31.1% and ROE collapsing to 59.7%.

• Operating margin swung from a high of 39.2% in Q4 2025 to 31.1% in Q1 2026, the lowest single-quarter reading in the dataset.

• ROE dropped from 86.4% in Q4 2025 to 59.7% in Q1 2026, erasing the prior quarter's exceptional spike.

• Leverage has improved steadily; D/E declined from 0.58 in Q2 2024 to 0.43 in Q4 2025, with Q1 2026 at 0.49.

• ROIC in Q1 2026 stands at 65.2%, in line with Q3 2024 levels, suggesting mid-cycle capital efficiency rather than structural deterioration.

⚠ Net profit margin compressed to 19.1% in Q1 2026, the lowest in the table — monitor whether cost pressure or AUM-driven fee softness is the driver.

⚠ Q1 seasonality is a recurring drag: OpMargin dipped in Q1 2025 (31.2%) and again in Q1 2026 (31.1%) — confirm pattern holds before concluding structural decline.

⚠ D/E ticked back up to 0.49 in Q1 2026 after reaching a dataset low of 0.43 in Q4 2025 — watch for renewed deleveraging progress.

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Available Research

13F Pro tracks comprehensive data for Artisan Partners Asset Management Inc. including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of APAM

BlackRock, Inc.
$377.0M10,360,133 sh
KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC
$202.5M5,564,382 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$150.3M4,130,599 sh
VANGUARD CAPITAL MANAGEMENT LLC
$110.3M3,031,631 sh
STATE STREET CORP
$103.4M2,842,095 sh
VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P.
$94.2M2,587,946 sh
CHARLES SCHWAB INVESTMENT MANAGEMENT INC
$92.8M2,549,402 sh
MORGAN STANLEY
$76.7M2,107,655 sh
GEODE CAPITAL MANAGEMENT, LLC
$75.6M2,076,906 sh
Channing Capital Management, LLC
$69.5M1,909,869 sh

Fund	Value	Shares
BlackRock, Inc.	$377.0M	10,360,133
KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC	$202.5M	5,564,382
VANGUARD PORTFOLIO MANAGEMENT LLC	$150.3M	4,130,599
VANGUARD CAPITAL MANAGEMENT LLC	$110.3M	3,031,631
STATE STREET CORP	$103.4M	2,842,095
VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P.	$94.2M	2,587,946
CHARLES SCHWAB INVESTMENT MANAGEMENT INC	$92.8M	2,549,402
MORGAN STANLEY	$76.7M	2,107,655
GEODE CAPITAL MANAGEMENT, LLC	$75.6M	2,076,906
Channing Capital Management, LLC	$69.5M	1,909,869

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Is APAM a good stock to buy?

13F Pro's AI-powered analysis of Artisan Partners Asset Management Inc. (APAM) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Financials sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for APAM are available on the APAM stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.

Which hedge funds own APAM?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling APAM. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Artisan Partners Asset Management Inc.'s investment landscape.