Artisan Global Opportunities Fund on GE Vernova Inc.

GE Vernova operates power, wind and electrification businesses and continues to experience strong demand. Recent results showed robust order growth and further backlog expansion, particularly in power and electrification. Management increased gas-power manufacturing capacity to support demand extending into the next decade. The fund continues to see upside to margins as higher-margin backlog is realized, although it trimmed the position because valuation became less compelling relative to other opportunities.