The following tables present the fair value hierarchy levels of assets and liabilities held by CIPs measured at fair value as of September 30, 2026 and December 31, 2025:


	Assets and Liabilities at Fair Value
	Total		Level 1		Level 2		Level 3
September 30, 2026
Assets
Money market funds	$	6,310	$	6,310	$	—	$	—
Equity securities - long position	44,793		44,667		126		—
Fixed income instruments - long position	134,390		—		126,868		7,522
Derivative assets	3,062		235		2,827		—




Liabilities
Equity securities - short position	$	4,299	$	4,299	$	—	$	—

Derivative liabilities	3,114		—		3,114		—


	Assets and Liabilities at Fair Value
	Total		Level 1		Level 2		Level 3
December 31, 2025
Assets
Money market funds	$	25,282	$	25,282	$	—	$	—
Equity securities - long position	151,994		151,994		—		—
Fixed income instruments - long position	255,610		—		245,974		9,636
Derivative assets	2,632		203		2,429		—



Liabilities

Derivative liabilities	$	813	$	2	$	811	$	—

CIP balances included in the Company’s unaudited condensed consolidated statements of financial condition were as follows:


	As of September 30, 2026		As of December 31, 2025
Net CIP assets included in the table above	$	181,142	$	434,705
Net CIP assets (liabilities) not included in the table above	20,806		12,515
Total Net CIP assets	201,948		447,220
Less: redeemable noncontrolling interests	100,440		304,263
Artisan’s direct equity investment in CIPs	$	101,508	$	142,957