MEDIUMBuilt-inGeographic
48%
non-U.S. company strategies
“10-K Item 1A: 'approximately 48% of our AUM were invested in strategies that primarily invest in securities of non-U.S. companies'”
APAM · Concentration risk · 10-K extracted
Artisan Partners Asset Manageme (APAM) concentration risks
Updated
The most significant concentration Artisan Partners Asset Manageme discloses is non-U.S. company strategies at 48%, classified MEDIUM by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Artisan Partners Asset Manageme’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 3 disclosed concentrations
HIGH0
MEDIUM1
LOW2
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
LOWOutside partyCustomer
12%
largest separate account
“10-K Item 1: 'our largest separate account relationship representing approximately 12% of our AUM'”
LOWOutside partyCustomer
9%
two largest intermediary relationships
“10-K Item 1A: 'Our two largest intermediary relationships across multiple distribution channels each represented approximately 9% of our total AUM'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's concentration profile spans geographic asset allocation and a modest set of client dependencies. Approximately 48% of AUM is invested in strategies that primarily hold securities of non-U.S. companies, a medium-share structural exposure that reflects deliberate portfolio positioning rather than reliance on any specific counterparty. This geographic tilt is well understood and broadly disclosed: the main channels of impact are currency translation and international market cycles, both of which tend to move gradually and are common features of any globally oriented asset manager. On the client side, the company discloses two low-share dependency exposures. The largest separate account relationship accounts for approximately 12% of AUM, and the two largest intermediary relationships each represent approximately 9% of total AUM. These are idiosyncratic in character — a redemption or relationship shift at either the top separate account or the two leading intermediaries could trim AUM, though no single name drives a dominant share. Taken together, the profile is relatively diffuse. The international AUM tilt is the largest disclosed share and is structural by nature; the individual client exposures are low-share and dependency-driven but remain modest enough that no single relationship creates an outsized cliff risk. The disclosed concentrations are unlikely on their own to move the investment verdict materially, though monitoring intermediary and large-account retention is the relevant watch item.
For the engine’s reasoning on APAM’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Asset Management
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| AAMI | Acadian Asset Management Inc. | 1 | 2 | 1 | 4 |
| APO | Apollo Global Management, Inc. | 1 | 1 | 0 | 2 |
| APAM● | Artisan Partners Asset Manageme | 0 | 1 | 2 | 3 |
| AMP | Ameriprise Financial, Inc. | 0 | 1 | 0 | 1 |
| AB | AllianceBernstein Holding L.P. | 0 | 0 | 1 | 1 |
| AMG | Affiliated Managers Group, Inc. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.