Artisan Small Cap Fund reduced its confidence in Waystar Holding's profit cycle due to slower-than-expected demand for certain volume-based solutions, according to its second-quarter 2026 investor letter. The fund, which modestly outperformed the Russell 2000 Growth Index with a 26.02% return for its Investor Class shares, highlighted Waystar as a detractor. Waystar is a cloud-based revenue cycle management platform serving over 30,000 healthcare organizations, including 16 of the top 20 US hospitals. The fund also noted it identified more compelling software investment opportunities that had moved back into its preferred market capitalization range. Waystar shares closed at $21.58 on July 23, 2026, with a one-month return of 11.13% but a 52-week loss of 38.28%.
Waystar Holding Corp. Common StockSlower-than-expected demand for certain volume-based solutions cited by a major fund as reason for reduced confidence
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