Artemis Investment Management LLP Activity in Q2 2026: Strategic Shifts in Financial Services & Technology

Artemis Investment Management LLP has released its latest portfolio filing dated 2026-06-30. The fund, valued at approximately $108 billion as of this date, holds 202 distinct stocks. This filing details the changes in holdings from the previous quarter.

Prominent Holdings & Portfolio Allocation

As reported on InsiderSet, Artemis' portfolio is heavily concentrated in Technology, accounting for 21.16% of the total value ($2.3 trillion). Other significant sectors include Financial Services (19.15%), Healthcare (13.27%), Industrials (10.58%), and Energy (5.83%).

Significant Purchases This Quarter

The filing indicates substantial buying activity by Artemis during Q2 2026, aligning with the noted indicator "has_large_buys": true.

• A major investment was made in BNS, adding shares and boosting its portfolio allocation to 1.60%. This suggests confidence in the Bank Nova Scotia B C.
• KeyCorp (KEY) saw a significant increase, with Artemis acquiring over 3 million additional shares (KEY). This purchase contributed to its portfolio weighting reaching 1.56%.
• Artemis also made a substantial addition to its holdings of ACN, acquiring all shares from the prior period, resulting in a 100% increase for Accenture PLC Ireland.
• The investor noted buying activity in Element Solutions Inc (ESI), adding over one million shares (ESI). This purchase increased its portfolio allocation to 0.49%.
• HuDBay Minerals Inc (HBM) was another stock where Artemis purchased a significant number of shares, increasing its position by over 70% (HBM). The allocation grew to 0.60%.
• Furthermore, the investor disclosed buying Plains GP Holdings L P (PAGP), acquiring shares that increased its portfolio weighting by over one percentage point (PAGP). The allocation reached 1.14%.
• HEWLETT PACKARD ENTERPRISE C (HPE) also experienced a large buy, with Artemis acquiring all shares from the prior period (HPE). This resulted in a 100% increase for this Technology stock.
• Notably, significant buying was also observed in NVIDIA Corporation (NVDA), adding shares to its portfolio (NVDA). The allocation increased slightly to 2.33%.
• The investor highlighted buying activities involving major Technology companies like CSCO (Cisco Systems Inc) and LRCX (Lam Research Corp), although the percentage changes for these top holdings were lower than the large buys.
• Additionally, a notable purchase was made in PETROLEO BRASILEIRO S A (PBR) (PBR). The allocation increased significantly to 0.92%.
• Finally, the investor noted buying activity in TRUIST FINL CORP (TFC) (TFC). The allocation increased by nearly 70%, reaching 1.09%.

Notable Sales and Reductions This Quarter

The filing also shows significant selling activity during Q2 2026, indicated by "has_large_sells": true." Artemis sold or reduced positions in several key holdings:

• A substantial reduction occurred with Kinross Gold Corp (KGC) (KGC). The number of shares decreased by nearly 59%, reflecting a significant sell or short sale.
• The investor disclosed selling over four million shares in Mizuho Financial Group Inc (MFG) (MFG). This resulted in an almost 40,000% reduction in the change percentage for this stock.
• Deutsche BK AG (DB) (DB) experienced a large sell, with shares decreasing by over 60% compared to the prior period.
• A major sale was noted for PLAINS GP HLDGS L P (PAGP) (PAGP). The number of shares dropped significantly, leading to a change percentage reduction.
• The investor reported selling over two million shares in Pfizer Inc (PFE) (PFE). This resulted in a nearly 3% decrease in the holding count for this stock.
• Furthermore, sales were disclosed for Bristol-Myers Squire Co (BMY) (BMY). The number of shares decreased by nearly 5% from the prior period.
• The investor noted selling activities involving major Technology companies like NVDA (NVIDIA Corporation) and GOOGL (Alphabet Inc), although the percentage changes for these top holdings were lower than the large sells.
• The filing also indicates selling activities in other sectors, including reductions in positions like HPE (HEWLETT PACKARD ENTERPRISE C) and PBR (PETROLEO BRASILEIRO S A).
• No sales activity was disclosed for First Horizon Corporation (FHN) (FHN) or other stable top holdings like CSCO (Cisco Systems Inc) and LRCX (Lam Research Corp).

Overall Portfolio Strategy Insights

The combination of large buys and sells suggests a dynamic strategy by Artemis Investment Management LLP during Q2 2026. The fund appears to be actively managing its portfolio, potentially rotating capital between sectors based on performance or outlook.

In particular, the significant increase in Financial Services holdings (notably BNS, KEY, TFC) alongside substantial decreases elsewhere indicates a potential strategic overweight position in this sector for Artemis (artemis-investment-management-llp). The Technology sector also saw notable additions (HPE, ACN) but no major reductions among the top holdings.

The overall portfolio turnover rate can be inferred from these changes. While not explicitly stated, the presence of large share changes across multiple stocks suggests active management and a relatively high turnover for this size fund.