Artisan’s investments in equity securities consist of investments in Artisan Funds, Artisan Global Funds and Artisan Private Funds. The disclosures below detail Artisan’s investments, excluding money market funds and consolidated investment products. Investments held by consolidated investment products are described in Note 7, “Variable Interest Entities and Consolidated Investment Products.”


	As of June 30, 2026		As of December 31, 2025
Seed investments in equity securities	$	11,631	$	42,708
Seed investments in equity securities accounted for under the equity method	3,659		3,341
Compensation plan investments in equity securities	191,327		163,875
Compensation plan investments in equity securities accounted for under the equity method	39,604		18,120
Total investment securities	$	246,221	$	228,044

Unrealized gain (loss) related to investment securities held during the periods indicated below were as follows:


	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2026		2025		2026		2025
Unrealized gain (loss) in the period on investment securities held at the end of the period	$	28,064	$	16,887	$	21,920	$	19,979