Artisan Focus Fund on Rolls-Royce Holdings plc
Thesis
Rolls-Royce is positioned within Artisan's aerospace opportunity and benefited from favorable aerospace fundamentals in Q2. The fund believes years of underinvestment and damage to aerospace production infrastructure cannot be repaired quickly with capital alone. That constrained backdrop, alongside continued investment and demand, supports improving economics for well-positioned aerospace suppliers.
“capital alone cannot rapidly fix the damage done to the aerospace production infrastructure.”