UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF

REGISTERED MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-08932

Artisan Partners Funds, Inc.

(Exact name of registrant as specified in charter)

875 East Wisconsin Avenue, Suite 800

Milwaukee, WI 53202

(Address of principal executive offices) (Zip Code)

Sarah A. Johnson	Rajib Chanda
Artisan Partners Funds, Inc.	Ropes & Gray LLP
875 East Wisconsin Avenue, Suite 800	One Metro Center, 700 12th Street, N.W., Suite 900
Milwaukee, Wisconsin 53202	Washington, D.C. 20005

(Name and address of agents for service)

Registrant’s telephone number, including area code: (414) 390-6100

Date of fiscal year end: 09/30

Date of reporting period: 12/31/2013

Form N-Q is to be used by management investment companies, other than small business investment companies registered on Form N-5 (§§ 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than 60 days after the close of the first and third fiscal quarters, pursuant to rule 30b1-5 under the Investment Company Act of 1940 (17 CFR 270.30b1-5). The Commission may use the information provided on Form N-Q in its regulatory, disclosure review, inspection, and policymaking roles.

A registrant is required to disclose the information specified by Form N-Q, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-Q unless the Form displays a currently valid Office of Management and Budget (“OMB”) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.

Item 1. Schedule of Investments.

ARTISAN EMERGING MARKETS FUND

Schedule of Investments - December 31, 2013

(Unaudited)

Dollar values in thousands

	Shares Held		Value
COMMON STOCKS - 94.1%
BRAZIL - 9.6%
BR Properties S.A.(1)		615,320	$	4,856
Cosan S.A. Industria e Comercio(1)		192,500		3,230
GAEC Educacao S.A.(1)(2)		8,100		73
GAEC Educacao S.A.(1)(2)(3)(6)		458,300		4,116
Hypermarcas S.A.(1)		1,397,738		10,498
Magazine Luiza S.A.(1)(2)		912,100		2,920
Magnesita Refratarios S.A.(1)		879,100		2,198
Mills Estruturas e Servicos de Engenharia S.A.(1)		363,190		5,083
PDG Realty S.A. Empreendimentos e Participacoes(1)(2)		4,751,251		3,646
Petroleo Brasileiro S.A.(1)		1,737,689		11,993
Vale S.A.(1)		939,713		14,335
				62,948
CHILE - 1.5%
Enersis S.A.(1)		171,415		51
SACI Falabella(1)		596,355		5,358
Sonda S.A.(1)		1,785,895		4,282
				9,691
CHINA - 16.6%
Ajisen China Holdings Ltd.		7,509,913		7,767
Chaoda Modern Agriculture Holdings Ltd.(1)(2)(3)		12,474,536		143
China High Precision Automation Group Ltd.(1)(2)(3)		9,066,000		145
China Huishan Dairy Holdings Co., Ltd.(2)		13,259,000		4,753
China Life Insurance Co., Ltd., Class H		4,488,800		14,038
China Petroleum & Chemical Corp., Class H		10,931,453		8,924
China Resources Power Holdings Co., Ltd.		2,426,000		5,750
China Unicom Hong Kong Ltd.		4,209,500		6,286
Digital China Holdings Ltd.		4,097,460		4,830
GOME Electrical Appliances Holding Ltd.		38,619,881		7,122
Huabao International Holdings Ltd.		12,138,322		6,731
Mindray Medical International Ltd. (DR)		161,029		5,855
Noah Holdings Ltd. (DR)		397,649		7,158
Perfect World Co., Ltd. (DR)		111,236		1,978
PW Medtech Group Ltd.(2)		9,255,000		4,237
Sino Biopharmaceutical		3,720,000		2,955
Sinopharm Group Co., Ltd., Class H		2,072,900		5,935
Zhuzhou CSR Times Electric Co., Ltd., Class H		3,775,515		13,633
				108,240
COLOMBIA - 0.5%
Grupo de Inversiones Suramericana S.A.(1)		196,989		3,440
EGYPT - 0.6%
Egyptian Financial Group-Hermes Holding(2)		3,065,208		3,829
GREECE - 0.8%
JUMBO S.A.(2)		319,371		5,097
HONG KONG - 1.6%
AIA Group Ltd.		1,381,865		6,932

1

Chow Tai Fook Jewellery Group Ltd.	2,537,600	$	3,783
			10,715
INDIA - 7.6%
Aurobindo Pharma Ltd.	784,157		4,975
Hindalco Industries Ltd.	2,468,227		4,890
ICICI Bank Ltd.	330,131		5,860
Mahindra & Mahindra Ltd.	280,399		4,270
Petronet LNG Ltd.	1,683,496		3,337
Power Finance Corp. Ltd.	1,305,990		3,526
Reliance Industries Ltd.	584,150		8,443
Reliance Infrastructure Ltd.	766,502		5,274
Tech Mahindra Ltd.	305,264		9,073
			49,648
INDONESIA - 3.0%
Astra International Tbk PT(1)	11,527,870		6,473
Bank Negara Indonesia Persero Tbk PT(1)	16,686,518		5,448
Indofood CBP Sukses Makmur Tbk PT(1)	5,511,500		4,625
Media Nusantara Citra Tbk PT(1)	14,227,500		3,080
			19,626
ITALY - 1.0%
Tenaris S.A. (DR)	148,698		6,497
KOREA - 15.1%
Daewoo Shipbuilding & Marine Engineering Co., Ltd.(1)(2)	285,384		9,507
E-Mart Co., Ltd.(1)(2)	25,434		6,447
KB Financial Group, Inc.(1)(2)	268,582		10,812
Kia Motors Corp.(1)	214,084		11,451
Lock & Lock Co., Ltd.(1)(2)	136,784		2,984
Samsung Electronics Co., Ltd.(1)	30,383		39,710
Samsung Heavy Industries Co., Ltd.(1)	120,020		4,339
Shinhan Financial Group Co., Ltd.(1)(2)	294,880		13,400
			98,650
MALAYSIA - 0.6%
AirAsia BHD	5,743,100		3,857
MEXICO - 3.3%
Credito Real S.A.B. de C.V.	2,808,307		4,315
Grupo Televisa S.A.B., Series CPO	1,280,713		7,710
Infraestructura Energetica Nova S.A.B. de C.V.	1,073,891		4,299
OHL Mexico S.A.B. de C.V.(2)	2,068,661		5,271
			21,595
PERU - 1.5%
Cementos Pacasmayo SAA (DR)	313,020		3,681
Grana y Montero S.A. (DR)(2)	298,834		6,344
			10,025
PHILIPPINES - 0.5%
Philippine Long Distance Telephone Co.(1)	51,030		3,065
RUSSIA - 8.8%
Alrosa AO(1)	3,543,070		3,843
Globaltrans Investment plc (DR)	369,561		5,876

2

LSR Group (DR)	1,195,188	$	5,003
Lukoil OAO (DR)	189,973		11,864
MMC Norilsk Nickel OJSC (DR)	305,001		5,069
Mobile Telesystems OJSC(1)	954,335		9,543
Polymetal International plc	533,125		5,076
Sberbank of Russia(1)	3,599,128		11,126
			57,400
SOUTH AFRICA - 4.3%
FirstRand Ltd.	1,522,833		5,210
Impala Platinum Holdings Ltd.	559,657		6,562
Naspers Ltd., Class N	117,186		12,244
Truworths International Ltd.	598,868		4,382
			28,398
SWITZERLAND - 1.0%
Dufry AG(1)(2)	39,236		6,907
TAIWAN - 10.8%
Chinatrust Financial Holding Co., Ltd.	16,990,042		11,601
E Ink Holdings, Inc.(2)	4,482,000		2,459
Hon Hai Precision Industry Co., Ltd.	5,885,534		15,818
MediaTek, Inc.	800,794		11,916
Taiwan Fertilizer Co., Ltd.	2,378,000		5,386
Taiwan Semiconductor Manufacturing Co., Ltd.	6,638,647		23,500
			70,680
THAILAND - 2.3%
Advanced Info Service PCL (DR)(1)	643,300		3,918
Bangkok Bank PCL (DR)(1)	1,524,200		8,282
PTT Exploration & Production PCL(1)	99,000		501
PTT Exploration & Production PCL (DR)(1)	497,078		2,519
			15,220
TURKEY - 0.7%
Turkiye Sinai Kalkinma Bankasi AS	5,077,962		4,324
UNITED ARAB EMIRATES - 0.7%
DAMAC Real Estate Development Ltd., 144A (DR)(2)	281,926		4,370
UNITED KINGDOM - 0.9%
Al Noor Hospitals Group plc(2)	386,982		5,752
UNITED STATES - 0.8%
CTC Media, Inc.	387,484		5,384
Total common stocks (Cost $593,697)			615,358
PREFERRED STOCKS - 1.5%
BRAZIL - 0.7%
Cia Energetica de Minas Gerais(1)(4)	752,333		4,470

3

COLOMBIA - 0.2%
Grupo de Inversiones Suramericana S.A.(1)(4)		71,244	$	1,290
KOREA - 0.6%
Samsung Electronics Co., Ltd.(1)(4)		3,942		3,794
Total preferred stocks (Cost $11,111)				9,554
	Par Amount
CONVERTIBLE DEBENTURES - 0.0%†
BRAZIL - 0.0%†
PDG Realty S.A. Empreendimentos e Participacoes (0.0%, 9/19/16)(1)(2)(3)	$	372	$	3
Total convertible debentures (Cost $127)				3
SHORT-TERM INVESTMENTS (CASH EQUIVALENTS) - 3.9%
Repurchase agreement with Fixed Income Clearing Corporation, 0.00%, dated 12/31/13, due 1/2/14, maturity value $25,814 (Cost $25,814)(5)		25,814		25,814
Total investments - 99.5% (Cost $630,749)				650,729
Other assets less liabilities - 0.5%				2,961
Total net assets - 100.0%(7)			$	653,690

† Amount rounds to less than 0.1%.

⁽¹⁾  Valued at a fair value in accordance with procedures established by the board of directors of Artisan Partners Funds, Inc. (“Artisan Funds”). In total, securities valued at a fair value were $253,904, or 38.8% of total net assets.

⁽²⁾  Non-income producing security.

⁽³⁾  Security has been deemed illiquid under procedures established by the board of directors of Artisan Funds. In total, the value of securities deemed illiquid was $4,407, or 0.7% of total net assets.

⁽⁴⁾  Non-voting shares.

⁽⁵⁾  Collateralized by:

Issuer	Rate			Maturity		Value
U.S. Treasury Note		1.000	%		9/30/2019	$	26,331

⁽⁶⁾  Security was acquired in a private placement. The shares are freely tradable outside the United States where the Fund expects to trade them.

4

Security	Acquisition Dates		Cost		Value		Percentage of Total Net Assets
GAEC Educacao S.A.		10/29/13	$	3,875	$	4,116		0.6	%

⁽⁷⁾  Percentages for the various classifications relate to total net assets.

Company names are as reported by a data service provider and in some cases are translations; a company’s legal name may be different.

(DR) Depositary Receipt, voting rights may vary.

See Notes to Form N-Q.

PORTFOLIO DIVERSIFICATION - DECEMBER 31, 2013

(Unaudited)

Dollar values in thousands

	Value		Percentage of Total Net Assets
Consumer Discretionary	$	101,786		15.6	%
Consumer Staples		26,466		4.0
Energy		57,308		8.8
Financials		134,820		20.4
Health Care		29,709		4.7
Industrials		53,910		8.4
Information Technology		117,505		18.0
Materials		60,755		9.2
Telecommunication Services		22,812		3.5
Utilities		19,844		3.0
Short-term investments		25,814		3.9
Total investments	$	650,729		99.5	%

CURRENCY EXPOSURE - DECEMBER 31, 2013

(Unaudited)

Dollar values in thousands

	Value		Percentage of Total Investments
Brazilian real	$	67,421		10.3	%
British pound		10,828		1.7
Chilean peso		9,691		1.5
Colombian peso		4,730		0.7
Egyptian pound		3,829		0.6
Euro		5,097		0.8
Hong Kong dollar		103,964		16.0
Indian rupee		49,648		7.6
Indonesian rupiah		19,626		3.0
Korean won		102,444		15.7
Malaysian ringgit		3,857		0.6
Mexican peso		21,595		3.3

5

Philippine peso	$	3,065		0.5	%
South African rand		28,398	*	4.4
Swiss franc		6,907		1.1
Taiwan dollar		70,680		10.9
Thai baht		15,220		2.3
Turkish lira		4,324		0.7
U.S. dollar		119,405		18.3
Total investments	$	650,729		100.0	%

* Currency exposure is offset by foreign currency forward contracts noted in the table below:

Counterparty	Contract Settlement		Contract Amount						Unrealized
	Date		Deliver			Receive			Depreciation
State Street Bank and Trust Company		1/3/2014		USD	484		ZAR	5,004	$	(7	)*

* Represents currency hedge against a sales receivable denominated in ZAR.

ZAR - South African rand

USD - U.S. dollar

6

ARTISAN GLOBAL EQUITY FUND

Schedule of Investments - December 31, 2013

(Unaudited)

Dollar values in thousands

	Shares Held		Value
COMMON STOCKS AND EQUITY-LINKED SECURITIES - 97.8%
AUSTRALIA - 0.6%
Tox Free Solutions Ltd.		342,826	$	1,068
BELGIUM - 1.0%
Anheuser-Busch InBev N.V.		17,630		1,874
BRAZIL - 1.1%
Gol Linhas Aereas Inteligentes S.A. (DR)(1)		430,828		1,969
CAMBODIA - 2.4%
NagaCorp Ltd.		4,154,000		4,387
CANADA - 1.4%
CAE, Inc.		197,566		2,513
CHINA - 8.4%
Beijing Enterprises Water Group Ltd.		5,032,000		3,160
China Everbright International Ltd.		1,691,000		2,255
China Oil & Gas Group Ltd.		28,498,000		5,255
Dukang Distillers Holdings Ltd.(1)		1,137,700		280
Labixiaoxin Snacks Group Ltd.		6,365,557		4,269
				15,219
FINLAND - 1.1%
Huhtamaki Oyj(2)		75,884		1,950
FRANCE - 1.4%
Eurofins Scientific		3,248		878
Naturex		20,551		1,648
				2,526
GERMANY - 4.6%
Linde AG(2)		10,176		2,131
MTU Aero Engines AG(2)		16,111		1,583
Sky Deutschland AG(1)(2)		176,271		1,947
Wirecard AG(2)		69,356		2,743
				8,404
HONG KONG - 4.6%
AIA Group Ltd.		766,195		3,844
Sands China Ltd.		176,400		1,447
SPT Energy Group, Inc.		5,186,000		3,083
				8,374
INDIA - 1.5%
Kaveri Seed Co., Ltd., Equity-Linked Security(2)(3)(4)(5)		90,286		2,710
INDONESIA - 2.0%
Bank Rakyat Indonesia Persero Tbk PT(2)		1,402,000		840
Global Mediacom Tbk PT(2)		12,201,000		1,907

7

MNC Sky Vision Tbk PT(2)	4,694,854	$	773
			3,520
IRELAND - 1.2%
Glanbia plc	142,065		2,201
JAPAN - 2.1%
Sugi Holdings Co., Ltd.(2)	51,100		2,077
Toyota Motor Corp.(2)	27,900		1,698
			3,775
MEXICO - 1.1%
Grupo Televisa S.A.B. (DR)	63,983		1,936
NETHERLANDS - 2.3%
ASML Holding N.V.	23,375		2,188
Unilever N.V. (DR)	48,132		1,938
			4,126
NIGERIA - 2.4%
Dangote Cement plc	3,278,123		4,315
PHILIPPINES - 4.1%
ABS-CBN Holdings Corp. (DR)(2)	3,832,624		2,771
LT Group, Inc.(2)	13,154,600		4,583
			7,354
SWEDEN - 1.6%
Sanitec Corp.(1)(2)	278,372		2,921
SWITZERLAND - 6.2%
AFG Arbonia-Forster Holding AG(1)(2)	23,178		818
Cembra Money Bank AG (1)(2)	40,138		2,635
Nestle S.A.(2)	40,353		2,962
Swatch Group AG(2)	3,230		2,143
Tecan Group AG(2)	22,366		2,649
			11,207
UNITED KINGDOM - 8.0%
Barratt Developments plc	574,654		3,321
Rolls-Royce Holdings plc	132,804		2,804
Royal Mail plc(1)	126,775		1,197
SABMiller plc	69,368		3,562
Synergy Health plc	184,385		3,673
			14,557
UNITED STATES - 38.7%
Advance Auto Parts, Inc.	15,702		1,738
American Express Co.	55,114		5,001
B/E Aerospace, Inc.(1)	50,251		4,373
Comcast Corp., Class A	138,406		7,192
Discovery Communications, Inc., Class A(1)	19,879		1,797
Dollar Tree, Inc.(1)	77,520		4,374
Gilead Sciences, Inc.(1)	43,035		3,234
Google, Inc., Class A(1)	4,044		4,532
Marsh & McLennan Cos., Inc.	115,791		5,600
Mastercard, Inc., Class A	5,251		4,387

8

Medivation, Inc.(1)		22,653	$	1,446
Michael Kors Holdings Ltd.(1)		75,045		6,093
TJX Cos., Inc.		107,290		6,838
Vantiv, Inc., Class A(1)		58,735		1,915
Viacom, Inc., Class B(5)		31,461		2,748
Walt Disney Co.		38,998		2,979
Wesco Aircraft Holdings, Inc.(1)		99,113		2,173
Yum! Brands, Inc.		48,039		3,632
				70,052
Total common stocks and equity-linked securities (Cost $155,303)				176,958
PREFERRED STOCKS - 0.0%†
UNITED KINGDOM - 0.0%†
Rolls-Royce Holdings plc(5)		4,205,744		7
Total preferred stocks (Cost $7)				7
	Par Amount
SHORT-TERM INVESTMENTS (CASH EQUIVALENTS) - 2.3%
Repurchase agreement with Fixed Income Clearing Corporation, 0.00%, dated 12/31/13, due 1/2/14, maturity value $4,260 (Cost $4,260)(6)	$	4,260	$	4,260
Total investments - 100.1% (Cost $159,570)				181,225
Other assets less liabilities - (0.1)%				(220	)
Total net assets - 100.0%(7)			$	181,005

† Amount rounds to less than 0.1%.

⁽¹⁾  Non-income producing security.

⁽²⁾  Valued at a fair value in accordance with procedures established by the board of directors of Artisan Funds. In total, securities valued at a fair value were $41,841, or 23.1% of total net assets.

⁽³⁾  Security is an equity-linked participation certificate issued by HSBC Bank plc. As described in Note (G) in Notes to Form N-Q, equity-linked participation certificates are subject to counterparty risk with respect to the bank or broker-dealer that issues them.

⁽⁴⁾  Security is restricted. The security was acquired in a transaction under Rule 144A of the Securities Act of 1933, as amended. The shares of the security may be resold in transactions exempt from registration to qualified institutional buyers.

Security	Acquisition Dates		Cost		Value		Percentage of Total Net Assets
Kaveri Seed Co., Ltd.		8/14/13-12/24/13	$	2,227	$	2,710		1.5	%

9

⁽⁵⁾  Non-voting shares.

⁽⁶⁾  Collateralized by:

Issuer	Rate			Maturity		Value
U.S. Treasury Bond		6.125	%		11/15/2027	$	4,348

⁽⁷⁾  Percentages for the various classifications relate to total net assets.

Company names are as reported by a data service provider and in some cases are translations; a company’s legal name may be different.

(DR) Depositary Receipt, voting rights may vary.

See Notes to Form N-Q.

PORTFOLIO DIVERSIFICATION - DECEMBER 31, 2013

(Unaudited)

Dollar values in thousands

	Value		Percentage of Total Net Assets
Consumer Discretionary	$	59,721		33.0	%
Consumer Staples		28,104		15.7
Energy		3,083		1.7
Financials		17,920		10.0
Health Care		11,880		6.6
Industrials		23,681		12.9
Information Technology		15,765		8.6
Materials		8,396		4.7
Utilities		8,415		4.6
Short-term investments		4,260		2.3
Total investments	$	181,225		100.1	%

CURRENCY EXPOSURE - DECEMBER 31, 2013

(Unaudited)

Dollar values in thousands

	Value		Percentage of Total Investments
Australian dollar	$	1,068		0.6	%
British pound		14,564		8.0
Canadian dollar		2,513		1.4
Euro		21,081		11.6
Hong Kong dollar		27,700		15.3
Indonesian rupiah		3,520		1.9
Japanese yen		3,775		2.1
Nigerian naira		4,315		2.4
Philippine peso		7,354		4.1
Singapore dollar		280		0.1
Swedish krona		2,921		1.6
Swiss franc		11,207		6.2
U.S. dollar		80,927		44.7
Total investments	$	181,225		100.0	%

10

ARTISAN GLOBAL OPPORTUNITIES FUND

Schedule of Investments - December 31, 2013

(Unaudited)

Dollar values in thousands

	Shares Held		Value
COMMON STOCKS - 92.2%
AUSTRALIA - 2.0%
James Hardie Industries plc (DR)		1,539,346	$	17,786
BRAZIL - 1.4%
BR Malls Participacoes S.A.(1)		973,200		7,068
Raia Drogasil S.A.(1)		867,800		5,455
				12,523
CANADA - 1.4%
Tourmaline Oil Corp.(2)		307,744		12,950
CHINA - 4.5%
Baidu, Inc. (DR)(2)		126,299		22,466
Great Wall Motor Co., Ltd., Class H		3,349,400		18,444
				40,910
FRANCE - 3.9%
Eurofins Scientific		51,447		13,907
Sanofi		199,334		21,148
				35,055
GERMANY - 2.0%
Adidas AG(1)		141,508		18,040
HONG KONG - 1.8%
Hong Kong Exchanges and Clearing Ltd.		623,577		10,390
Sands China Ltd.		779,600		6,394
				16,784
ITALY - 0.4%
Moncler S.p.A.(1)(2)		151,112		3,285
JAPAN - 5.7%
FANUC Corp.(1)		154,802		28,387
Rakuten, Inc.(1)		513,800		7,644
Yahoo Japan Corp.(1)		2,732,900		15,223
				51,254
MEXICO - 1.7%
Infraestructura Energetica Nova S.A.B. de C.V.		1,703,891		6,821
TF Administradora Industrial S de RL de C.V.		4,954,001		8,917
				15,738
SWEDEN - 4.4%
Hexagon AB, Class B(1)		1,255,841		39,829
TAIWAN - 1.6%
MediaTek, Inc.		995,600		14,815
UNITED KINGDOM - 8.5%
ARM Holdings plc		1,305,202		23,753
Direct Line Insurance Group plc		3,941,536		16,291
Intertek Group plc		312,174		16,274

11

Rotork plc		430,782	$	20,473
				76,791
UNITED STATES - 52.9%
Amazon.com, Inc.(2)		57,194		22,808
Anadarko Petroleum Corp.		225,966		17,924
Applied Materials, Inc.		1,652,982		29,241
Biogen Idec, Inc.(2)		88,837		24,852
Bristol-Myers Squibb Co.		232,722		12,369
Cerner Corp.(2)		386,487		21,543
Citigroup, Inc.		599,324		31,231
Discover Financial Services		462,343		25,868
eBay, Inc.(2)		473,371		25,983
EQT Corp.		69,330		6,225
Facebook, Inc., Class A(2)		209,290		11,440
Gilead Sciences, Inc.(2)		466,680		35,071
Google, Inc., Class A(2)		52,325		58,641
IHS, Inc., Class A(2)		312,734		37,434
Monsanto Co.		160,566		18,714
Ralph Lauren Corp.		86,867		15,338
Regeneron Pharmaceuticals, Inc.(2)		177,669		48,902
Salesforce.com, Inc.(2)		277,221		15,300
Starbucks Corp.		202,610		15,883
Twitter, Inc.(2)		67,341		4,286
				479,053
Total common stocks (Cost $650,404)				834,813
	Par Amount
SHORT-TERM INVESTMENTS (CASH EQUIVALENTS) - 4.3%
Repurchase agreement with Fixed Income Clearing Corporation, 0.00%, dated 12/31/13, due 1/2/14, maturity value $39,512 (Cost $39,512)(3)	$	39,512	$	39,512
Total investments - 96.5% (Cost $689,916)				874,325
Other assets less liabilities - 3.5%				31,252
Total net assets - 100.0%(4)			$	905,577

⁽¹⁾  Valued at a fair value in accordance with procedures established by the board of directors of Artisan Funds. In total, securities valued at a fair value were $124,931, or 13.8% of total net assets.

⁽²⁾  Non-income producing security.

⁽³⁾  Collateralized by:

Issuer	Rate			Maturity		Value
U.S. Treasury Note		2.375	%		12/31/2020	$	40,303

12

⁽⁴⁾  Percentages for the various classifications relate to total net assets.

Company names are as reported by a data service provider and in some cases are translations; a company’s legal name may be different.

(DR) Depositary Receipt, voting rights may vary.

See Notes to Form N-Q.

PORTFOLIO DIVERSIFICATION - DECEMBER 31, 2013

(Unaudited)

Dollar values in thousands

	Value		Percentage of Total Net Assets
Consumer Discretionary	$	107,836		11.9	%
Consumer Staples		5,455		0.6
Energy		37,099		4.1
Financials		99,765		10.9
Health Care		177,792		19.7
Industrials		102,568		11.3
Information Technology		260,977		28.9
Materials		36,500		4.1
Utilities		6,821		0.7
Short-term investments		39,512		4.3
Total investments	$	874,325		96.5	%

CURRENCY EXPOSURE - DECEMBER 31, 2013

(Unaudited)

Dollar values in thousands

	Value			Percentage of Total Investments
Australian dollar	$	17,786			2.0	%
Brazilian real		12,523			1.4
British pound		76,791			8.8
Canadian dollar		12,950			1.5
Euro		56,380			6.4
Hong Kong dollar		35,228			4.0
Japanese yen		51,254	*		5.9
Mexican peso		15,738			1.8
Swedish krona		39,829			4.6
Taiwan dollar		14,815			1.7
U.S. dollar		541,031			61.9
Total investments	$	874,325			100.0	%

* Currency exposure is offset by foreign currency forward contracts noted in the table below:

	Contract Settlement		Contract Amount						Unrealized
Counterparty	Date		Deliver			Receive			Appreciation
State Street Bank and Trust Company		2/14/2014		JPY	1,947,808		USD	19,858	$	1,359

13

State Street Bank and Trust Company	2/14/2014	JPY	253,105	USD	2,534	$	130
State Street Bank and Trust Company	2/14/2014	JPY	162,531	USD	1,577		33
						$	1,522

JPY - Japanese yen

USD - U.S. dollar

14

ARTISAN GLOBAL SMALL CAP FUND

Schedule of Investments - December 31, 2013

(Unaudited)

Dollar values in thousands

	Shares Held		Value
COMMON STOCKS AND EQUITY-LINKED SECURITIES - 94.3%
ARGENTINA - 1.6%
Grupo Clarin S.A., Class B (DR)(1)		145,458	$	873
AUSTRALIA - 1.6%
Tox Free Solutions Ltd.		272,718		850
CAMBODIA - 3.7%
NagaCorp Ltd.		1,842,000		1,946
CHINA - 11.6%
Beijing Enterprises Water Group Ltd.		596,000		374
Biostime International Holdings Ltd.		119,000		1,059
Changshouhua Food Co., Ltd.		572,000		737
China Oil & Gas Group Ltd.		12,540,000		2,312
Dukang Distillers Holdings Ltd.(1)		276,000		68
Labixiaoxin Snacks Group Ltd.		2,390,000		1,603
				6,153
FINLAND - 4.4%
Huhtamaki Oyj(2)		90,209		2,318
FRANCE - 2.6%
Naturex		17,475		1,401
GERMANY - 7.2%
Bertrandt AG(2)		7,674		1,172
Sky Deutschland AG(1)(2)		86,163		951
Stroeer Media AG(1)(2)		94,954		1,686
				3,809
HONG KONG - 2.4%
SPT Energy Group, Inc.		2,118,000		1,259
INDIA - 4.0%
Kaveri Seed Co., Ltd., Equity-Linked Security(2)(3)(4)(5)		70,634		2,120
INDONESIA - 3.0%
Global Mediacom Tbk PT(2)		5,658,500		885
MNC Sky Vision Tbk PT(2)		4,382,000		721
				1,606
ISRAEL - 2.6%
Sarin Technologies Ltd.		951,000		1,394
JAPAN - 2.0%
Sugi Holdings Co., Ltd.(2)		26,500		1,077
MALAYSIA - 5.2%
JobStreet Corp. Bhd		1,622,400		1,228
Oldtown Bhd		1,243,100		987

15

Power Root Bhd		947,500	$	573
				2,788
PHILIPPINES - 0.2%
LT Group, Inc.(2)		283,900		99
PORTUGAL - 3.6%
Zon Optimus SGPS S.A.		258,208		1,918
SINGAPORE - 8.2%
Overseas Education Ltd.		2,322,000		1,518
SIIC Environment Holdings Ltd.(1)		19,767,000		2,867
				4,385
SWEDEN - 3.2%
Elekta AB, Class B(2)		34,078		523
Sanitec Corp.(1)(2)		112,257		1,178
				1,701
SWITZERLAND - 3.9%
Cembra Money Bank AG(1)(2)		14,209		933
Tecan Group AG(2)		9,823		1,163
				2,096
THAILAND - 0.1%
Big C Supercenter PCL (DR)(2)		11,100		62
UNITED KINGDOM - 11.3%
N Brown Group plc		157,835		1,392
Safestore Holdings plc		170,442		454
Synergy Health plc		91,135		1,816
Victrex plc		78,295		2,382
				6,044
UNITED STATES - 11.9%
First Republic Bank		12,743		667
Interpublic Group of Cos., Inc.		62,263		1,102
PerkinElmer, Inc.		22,842		942
Vantiv, Inc., Class A(1)		42,605		1,389
Wesco Aircraft Holdings, Inc.(1)		102,630		2,250
				6,350
Total common stocks and equity-linked securities (Cost $44,059)				50,249
	Par Amount
SHORT-TERM INVESTMENTS (CASH EQUIVALENTS) - 8.8%
Repurchase agreement with Fixed Income Clearing Corporation, 0.00%, dated 12/31/13, due 1/2/14, maturity value $4,689 (Cost $4,689)(6)	$	4,689	$	4,689

16

Total investments - 103.1% (Cost $48,748)	$	54,938
Other assets less liabilities - (3.1)%		(1,636	)
Total net assets - 100.0%(7)	$	53,302

⁽¹⁾  Non-income producing security.

⁽²⁾  Valued at a fair value in accordance with procedures established by the board of directors of Artisan Funds. In total, securities valued at a fair value were $14,888, or 27.9% of total net assets.

⁽³⁾  Security is an equity-linked participation certificate issued by HSBC Bank plc. As described in Note (G) in Notes to Form N-Q, equity-linked participation certificates are subject to counterparty risk with respect to the bank or broker-dealer that issues them.

⁽⁴⁾  Security is restricted. The security was acquired in a transaction under Rule 144A of the Securities Act of 1933, as amended. The shares of the security may be resold in transactions exempt from registration to qualified institutional buyers.

Security	Acquisition Dates		Cost		Value		Percentage of Total Net Assets
Kaveri Seed Co., Ltd.		6/26/13-12/20/13	$	1,823	$	2,120		4.0	%

⁽⁵⁾  Non-voting shares.

⁽⁶⁾  Collateralized by:

Issuer	Rate			Maturity		Value
U.S. Treasury Bond		6.125	%		11/15/2027	$	4,787

⁽⁷⁾  Percentages for the various classifications relate to total net assets.

Company names are as reported by a data service provider and in some cases are translations; a company’s legal name may be different.

(DR) Depositary Receipt, voting rights may vary.

See Notes to Form N-Q.

PORTFOLIO DIVERSIFICATION - DECEMBER 31, 2013

(Unaudited)

Dollar values in thousands

	Value		Percentage of Total Net Assets
Consumer Discretionary	$	12,992		24.4	%
Consumer Staples		9,786		18.3
Energy		1,259		2.4
Financials		2,054		3.7
Health Care		4,444		8.4
Industrials		8,072		15.1
Information Technology		1,389		2.6
Materials		4,700		8.9
Utilities		5,553		10.5
Short-term investments		4,689		8.8
Total investments	$	54,938		103.1	%

17

CURRENCY EXPOSURE - DECEMBER 31, 2013

(Unaudited)

Dollar values in thousands

	Value		Percentage of Total Investments
Australian dollar	$	850		1.6	%
British pound		6,044		11.0
Euro		9,446		17.2
Hong Kong dollar		9,290		16.9
Indonesian rupiah		1,606		2.9
Japanese yen		1,077		2.0
Malaysian ringgit		2,788		5.1
Philippine peso		99		0.2
Singapore dollar		5,847		10.6
Swedish krona		1,701		3.1
Swiss franc		2,096		3.8
Thai baht		62		0.1
U.S. dollar		14,032		25.5
Total investments	$	54,938		100.0	%

18

ARTISAN GLOBAL VALUE FUND

Schedule of Investments - December 31, 2013

(Unaudited)

Dollar values in thousands

	Shares Held		Value
COMMON STOCKS - 87.3%
BELGIUM - 1.8%
Groupe Bruxelles Lambert S.A.		299,329	$	27,478
CANADA - 2.3%
Imperial Oil Ltd.		796,217		35,259
DENMARK - 1.6%
Carlsberg AS, Class B(1)		220,079		24,449
FRANCE - 2.0%
Total S.A.		197,199		12,080
Vivendi S.A.		715,976		18,867
				30,947
INDIA - 0.1%
Coal India Ltd.		480,527		2,253
JAPAN - 1.9%
Kao Corp.(1)		775,400		24,421
Sankyo Co., Ltd.(1)		88,300		4,075
				28,496
KOREA - 2.0%
Kia Motors Corp.(1)		432,744		23,146
Samsung Electronics Co., Ltd.(1)		5,241		6,850
				29,996
NETHERLANDS - 2.5%
ING Groep N.V. (DR)(2)		2,388,183		33,183
TNT Express N.V.		474,095		4,401
				37,584
NORWAY - 1.1%
Orkla ASA(1)		2,221,879		17,366
SWITZERLAND - 4.9%
Adecco S.A.(1)		422,936		33,590
Novartis AG(1)		505,875		40,485
Pargesa Holding S.A.(1)		7,583		613
				74,688
UNITED KINGDOM - 18.5%
AMEC plc		837,082		15,082
AstraZeneca plc		390,658		23,124
Compass Group plc		2,757,937		44,209
Diageo plc		636,928		21,094
Direct Line Insurance Group plc		2,345,691		9,695
Lloyds Banking Group plc(2)		26,508,786		34,626
Royal Bank of Scotland Group plc(2)		7,417,945		41,531
TESCO plc		8,335,122		46,149
Unilever plc (DR)		499,304		20,571
Vodafone Group plc		6,552,034		25,714
				281,795

19

UNITED STATES - 48.6%
3M Co.		316,829	$	44,435
Accenture plc, Class A		189,618		15,590
American Express Co.		456,389		41,408
Aon plc		494,431		41,478
Apple, Inc.		44,700		25,082
Applied Materials, Inc.		95,185		1,684
ARAMARK Holdings Corp.(2)		793,390		20,803
Arch Capital Group Ltd.(2)(3)		778,284		46,456
Bank of New York Mellon Corp.		1,522,402		53,193
Chubb Corp.		295,040		28,510
Cisco Systems, Inc.		1,438,974		32,305
Flextronics International Ltd.(2)		1,253,080		9,736
Google, Inc., Class A(2)		27,643		30,980
Johnson & Johnson		475,734		43,572
Marsh & McLennan Cos., Inc.		794,492		38,422
Mastercard, Inc., Class A		44,509		37,185
Medtronic, Inc.		701,671		40,269
Microsoft Corp.		1,273,383		47,663
Oracle Corp.		1,865,194		71,362
Progressive Corp.		927,538		25,294
TE Connectivity Ltd.		810,124		44,646
				740,073
Total common stocks (Cost $1,097,818)				1,330,384
	Par Amount
SHORT-TERM INVESTMENTS (CASH EQUIVALENTS) - 12.1%
Repurchase agreement with Fixed Income Clearing Corporation, 0.00%, dated 12/31/13, due 1/2/14, maturity value $184,750 (Cost $184,750)(4)	$	184,750	$	184,750
Total investments - 99.4% (Cost $1,282,568)				1,515,134
Other assets less liabilities - 0.6%				9,074
Total net assets - 100.0%(5)			$	1,524,208

⁽¹⁾  Valued at a fair value in accordance with procedures established by the board of directors of Artisan Funds. In total, securities valued at a fair value were $174,995, or 11.5% of total net assets.

⁽²⁾  Non-income producing security.

⁽³⁾  Affiliated company as defined by the Investment Company Act of 1940, as amended (the “1940 Act”). See Note (I) in Notes to Form N-Q.

20

⁽⁴⁾  Collateralized by:

Issuer	Rate			Maturity		Value
U.S. Treasury Note		2.375	%		12/31/2020	$	188,446

⁽⁵⁾  Percentages for the various classifications relate to total net assets.

Company names are as reported by a data service provider and in some cases are translations; a company’s legal name may be different.

(DR) Depositary Receipt, voting rights may vary.

See Notes to Form N-Q.

PORTFOLIO DIVERSIFICATION - DECEMBER 31, 2013

(Unaudited)

Dollar values in thousands

	Value		Percentage of Total Net Assets
Consumer Discretionary	$	92,233		6.1	%
Consumer Staples		154,050		10.1
Energy		64,674		4.2
Financials		421,887		27.7
Health Care		147,450		9.8
Industrials		82,426		5.4
Information Technology		323,083		21.1
Telecommunication Services		44,581		2.9
Short-term investments		184,750		12.1
Total investments	$	1,515,134		99.4	%

CURRENCY EXPOSURE - DECEMBER 31, 2013

(Unaudited)

Dollar values in thousands

	Value			Percentage of Total Investments
British pound	$	261,224			17.2	%
Canadian dollar		35,259			2.3
Danish krone		24,449			1.6
Euro		96,009			6.3
Indian rupee		2,253			0.2
Japanese yen		28,496	*		1.9
Korean won		29,996			2.0
Norwegian krone		17,366			1.2
Swiss franc		74,688			4.9
U.S. dollar		945,394			62.4
Total investments	$	1,515,134			100.0	%

* Currency exposure is offset by foreign currency forward contracts noted in the table below:

21

	Contract Settlement		Contract Amount				Unrealized Appreciation/
Counterparty	Date		Deliver		Receive		(Depreciation)
State Street Bank and Trust Company		2/14/2014	JPY	1,846,410	USD	18,825	$	1,288
State Street Bank and Trust Company		2/14/2014	JPY	148,821	USD	1,488		75
State Street Bank and Trust Company		2/14/2014	JPY	141,277	USD	1,439		97
State Street Bank and Trust Company		2/14/2014	JPY	134,479	USD	1,365		88
State Street Bank and Trust Company		2/14/2014	JPY	123,763	USD	1,247		71
State Street Bank and Trust Company		2/14/2014	USD	1,214	JPY	120,380		(71	)
State Street Bank and Trust Company		2/14/2014	JPY	103,769	USD	1,069		84
							$	1,632

JPY - Japanese yen

USD - U.S. dollar

22

ARTISAN INTERNATIONAL FUND

Schedule of Investments - December 31, 2013

(Unaudited)

Dollar values in thousands

	Shares Held		Value
COMMON STOCKS AND EQUITY-LINKED SECURITIES - 95.7%
BELGIUM - 4.3%
Anheuser-Busch InBev N.V.		3,528,588	$	375,041
Telenet Group Holding N.V.		2,145,182		128,005
UCB S.A.		1,892,211		140,933
				643,979
CANADA - 0.8%
Canadian Pacific Railway Ltd.		755,234		114,282
CHINA - 8.4%
Baidu, Inc. (DR)(1)		3,761,967		669,179
Beijing Enterprises Holdings Ltd.		27,280,025		269,483
China Resources Land Ltd.		49,344,364		122,051
Tencent Holdings Ltd.		3,252,137		207,182
				1,267,895
DENMARK - 0.4%
Rockwool International AS, Class B(2)		351,017		62,154
FRANCE - 6.6%
LVMH Moet Hennessy Louis Vuitton S.A.		370,858		67,651
Pernod-Ricard S.A.		1,166,705		132,913
Schneider Electric S.A.		3,623,452		316,035
Unibail-Rodamco SE		726,244		186,081
Zodiac Aerospace		1,655,135		293,160
				995,840
GERMANY - 16.0%
Axel Springer SE(2)		243,568		15,653
Bayer AG(2)		4,022,004		564,261
Beiersdorf AG(2)		2,291,591		232,654
Deutsche Post AG(2)		11,549,516		421,160
HeidelbergCement AG(2)		1,951,608		148,110
Linde AG(2)		2,781,111		582,468
MTU Aero Engines AG(2)		2,005,048		196,941
Muenchener Rueckversicherungs AG(2)		1,155,462		254,657
				2,415,904
HONG KONG - 4.5%
AIA Group Ltd.		95,402,196		478,592
Hongkong Land Holdings Ltd.		11,166,724		65,884
Sands China Ltd.		16,002,400		131,250
				675,726
INDIA - 0.2%
Coal India Ltd.		7,672,719		35,973
INDONESIA - 0.5%
Bank Rakyat Indonesia Persero Tbk PT(2)		115,164,762		68,997

23

IRELAND - 0.5%
Ryanair Holdings plc, Equity-Linked Security(2)(3)(4)	8,776,066	$	75,639
JAPAN - 12.1%
Denso Corp.(2)	2,380,300		125,854
Honda Motor Co., Ltd.(2)	9,769,243		402,911
IHI Corp.(2)	52,698,540		227,867
Japan Tobacco, Inc.(2)	3,532,102		114,924
NGK Insulators Ltd.(2)(5)	16,763,677		319,395
Olympus Corp.(1)(2)	1,396,700		44,299
Ono Pharmaceutical Co., Ltd.(2)	1,686,688		147,712
ORIX Corp.(2)	5,073,707		89,374
Toyota Motor Corp.(2)	5,790,651		352,375
			1,824,711
KOREA - 0.5%
Samsung Electronics Co., Ltd.(2)	58,840		76,903
MEXICO - 1.5%
Grupo Televisa S.A.B. (DR)	7,461,357		225,781
NETHERLANDS - 5.0%
ASML Holding N.V.	1,928,658		180,527
Unilever N.V. (DR)	10,323,910		415,781
Ziggo N.V.	3,492,739		159,525
			755,833
NIGERIA - 0.4%
Nigerian Breweries plc	63,545,481		66,704
SINGAPORE - 0.3%
Global Logistic Properties Ltd.	19,909,740		45,595
SPAIN - 0.7%
Grifols S.A.	1,916,838		91,675
Grifols S.A. (DR)	466,841		16,862
			108,537
SWITZERLAND - 9.5%
Actelion Ltd.(2)	778,992		66,036
Nestle S.A.(2)	6,210,436		455,895
Roche Holding AG(2)(4)	1,492,664		418,419
Swatch Group AG(2)	284,619		188,856
Swiss Re AG(2)	1,488,986		137,634
UBS AG(2)	9,063,371		172,660
			1,439,500
UNITED KINGDOM - 18.6%
HSBC Holdings plc	19,008,889		208,509
Imperial Tobacco Group plc	8,385,117		324,639
InterContinental Hotels Group plc	3,533,932		117,801
Johnson Matthey plc	3,682,122		199,995
Land Securities Group plc	12,789,777		204,062
Meggitt plc	15,831,211		138,288
Prudential plc	5,550,239		123,158
Rolls-Royce Holdings plc	22,818,361		481,773

24

Royal Mail plc(1)		11,194,322	$	105,662
SABMiller plc		7,133,756		366,326
TESCO plc		21,068,475		116,649
Vodafone Group plc		51,109,961		200,586
WPP plc		9,687,520		221,380
				2,808,828
UNITED STATES - 4.9%
Covidien plc		4,367,451		297,423
Liberty Global plc, Class A(1)		3,117,830		277,456
Liberty Global plc, Series C(1)		219,195		18,482
Nielsen Holdings N.V.		677,572		31,094
Schlumberger Ltd.		1,300,363		117,176
				741,631
Total common stocks and equity-linked securities (Cost $10,554,423)				14,450,412
PREFERRED STOCKS - 1.5%
GERMANY - 1.5%
Henkel AG & Co. KGaA(2)(4)		1,875,048		217,526
UNITED KINGDOM - 0.0%†
Rolls-Royce Holdings plc(4)		1,438,809,670		2,383
Total preferred stocks (Cost $145,678)				219,909
	Par Amount
SHORT-TERM INVESTMENTS (CASH EQUIVALENTS) - 2.6%
Repurchase agreement with Fixed Income Clearing Corporation, 0.00%, dated 12/31/13, due 1/2/14, maturity value $399,821 (Cost $399,821)(6)	$	399,821	$	399,821
Total investments - 99.8% (Cost $11,099,922)				15,070,142
Other assets less liabilities - 0.2%				27,214
Total net assets - 100.0%(7)			$	15,097,356

† Amount rounds to less than 0.1%.

⁽¹⁾  Non-income producing security.

⁽²⁾  Valued at a fair value in accordance with procedures established by the board of directors of Artisan Funds. In total, securities valued at a fair value were $6,181,334, or 40.9% of total net assets.

⁽³⁾  Security is an equity-linked participation certificate issued by HSBC Bank plc. As described in Note (G) in Notes to Form N-Q, equity-linked participation certificates are subject to counterparty risk with respect to the bank or broker-dealer that issues them.

25

⁽⁴⁾  Non-voting shares.

⁽⁵⁾  Affiliated company as defined by the 1940 Act. See Note (I) in Notes to Form N-Q.

⁽⁶⁾  Collateralized by:

Issuer	Rate			Maturity		Value
U.S. Treasury Note		2.000	%		2/15/2023	$	39,196
U.S. Treasury Bond		6.000	%		2/15/2026		195,187
U.S. Treasury Bond		6.750	%		8/15/2026		173,438
						$	407,821

⁽⁷⁾ Percentages for the various classifications relate to total net assets.

Company names are as reported by a data service provider and in some cases are translations; a company’s legal name may be different.

(DR) Depositary Receipt, voting rights may vary.

See Notes to Form N-Q.

PORTFOLIO DIVERSIFICATION - DECEMBER 31, 2013

(Unaudited)

Dollar values in thousands

	Value		Percentage of Total Net Assets
Consumer Discretionary	$	2,273,455		15.2	%
Consumer Staples		2,819,052		18.6
Energy		153,149		1.0
Financials		2,157,254		14.3
Health Care		1,787,620		11.8
Industrials		3,055,316		20.2
Information Technology		1,133,791		7.5
Materials		930,573		6.2
Telecommunication Services		360,111		2.4
Short-term investments		399,821		2.6
Total investments	$	15,070,142		99.8	%

CURRENCY EXPOSURE - DECEMBER 31, 2013

(Unaudited)

Dollar values in thousands

	Value		Percentage of Total Investments
British pound	$	2,811,211		18.7	%
Danish krone		62,154		0.4
Euro		5,120,757		34.0
Hong Kong dollar		1,208,558		8.0
Indian rupee		35,973		0.2
Indonesian rupiah		68,997		0.5
Japanese yen		1,824,711		12.1
Korean won		76,903		0.5
Nigerian naira		66,704		0.4

26

Singapore dollar	$	45,595	0.3	%
Swiss franc		1,439,500	9.6
U.S. dollar		2,309,079	15.3
Total investments	$	15,070,142	100.0	%

27

ARTISAN INTERNATIONAL SMALL CAP FUND

Schedule of Investments - December 31, 2013

(Unaudited)

Dollar values in thousands

	Shares Held		Value
COMMON STOCKS - 94.8%
BRAZIL - 4.1%
Gol Linhas Aereas Inteligentes S.A. (DR)(1)		3,123,673	$	14,275
International Meal Co. Holdings S.A.(1)(2)		1,698,300		13,141
M Dias Branco S.A. (2)		476,600		20,200
				47,616
CANADA - 4.2%
CAE, Inc.		3,832,511		48,743
CHINA - 18.8%
AMVIG Holdings Ltd.		13,138,000		6,252
Beijing Enterprises Water Group Ltd.		123,536,000		77,586
Biostime International Holdings Ltd.		2,809,000		24,995
China Everbright International Ltd.		35,648,000		47,535
China Oil & Gas Group Ltd.		135,400,000		24,970
Labixiaoxin Snacks Group Ltd.		28,557,000		19,150
Yingde Gases Group Co., Ltd.		16,120,500		16,860
				217,348
DENMARK - 2.4%
Rockwool International AS, Class B(2)		48,686		8,621
Royal Unibrew AS(2)		143,391		19,471
				28,092
FRANCE - 6.0%
Eurofins Scientific		163,835		44,289
IPSOS		239,556		10,256
Metropole Television S.A.		640,787		14,677
				69,222
GERMANY - 10.6%
Deutz AG(1)(2)		3,302,669		29,480
Wirecard AG(2)		2,339,598		92,541
				122,021
HONG KONG - 1.8%
SJM Holdings Ltd.		6,399,932		21,376
INDONESIA - 4.8%
Ace Hardware Indonesia Tbk PT(2)		160,228,800		7,778
Global Mediacom Tbk PT(2)		91,311,809		14,274
Mayora Indah Tbk PT(2)		2,185,000		4,681
MNC Sky Vision Tbk PT(2)		79,935,304		13,158
Nippon Indosari Corpindo Tbk PT(2)		91,042,500		7,647
Tempo Scan Pacific Tbk PT(2)		27,724,400		7,418
				54,956
IRELAND - 4.8%
Glanbia plc		3,581,527		55,479
ITALY - 2.0%
Davide Campari-Milano S.p.A.(2)		1,704,824		14,357

28

Prada S.p.A.	1,021,300	$	9,055
			23,412
JAPAN - 2.7%
Sugi Holdings Co., Ltd.(2)	763,100		31,016
KENYA - 1.1%
East African Breweries Ltd.	3,914,200		13,153
KOREA - 1.1%
S1 Corp.(2)	176,307		12,514
MALAYSIA - 1.0%
Oldtown Bhd	14,943,800		11,862
PHILIPPINES - 0.9%
Megaworld Corp.(2)	149,064,000		10,922
PORTUGAL - 1.6%
Zon Optimus SGPS S.A.	2,538,525		18,858
SINGAPORE - 5.3%
Petra Foods Ltd.	6,467,000		16,501
SIA Engineering Co., Ltd.	4,014,700		16,098
Super Group Ltd.	9,357,000		28,176
			60,775
SWEDEN - 0.0%†
Sanitec Corp.(1)(2)	10,397		109
SWITZERLAND - 4.6%
Cembra Money Bank AG(1)(2)	340,030		22,318
Tecan Group AG(2)	257,210		30,463
			52,781
UNITED KINGDOM - 17.0%
Babcock International Group plc	2,418,449		54,265
Barratt Developments plc	4,079,864		23,579
Big Yellow Group plc	3,876,425		30,684
Britvic plc	2,614,712		29,984
Dignity plc	487,096		11,615
Electrocomponents plc	1,784,597		8,248
Hays plc	4,853,154		10,431
Synergy Health plc	121,746		2,425
UBM plc	2,285,694		24,830
			196,061
Total common stocks (Cost $746,377)			1,096,316

29

	Par Amount
SHORT-TERM INVESTMENTS (CASH EQUIVALENTS) - 7.9%
Repurchase agreement with Fixed Income Clearing Corporation, 0.00%, dated 12/31/13, due 1/2/14, maturity value $91,217 (Cost $91,217)(3)	$	91,217	$	91,217
Total investments - 102.7% (Cost $837,594)				1,187,533
Other assets less liabilities - (2.7)%				(31,021	)
Total net assets - 100.0%(4)			$	1,156,512

† Amount rounds to less than 0.1%.

⁽¹⁾  Non-income producing security.

⁽²⁾  Valued at a fair value in accordance with procedures established by the board of directors of Artisan Funds. In total, securities valued at a fair value were $360,109, or 31.1% of total net assets.

⁽³⁾  Collateralized by:

Issuer	Rate			Maturity		Value
U.S. Treasury Note		2.375	%		12/31/2020	$	93,045

⁽⁴⁾ Percentages for the various classifications relate to total net assets.

Company names are as reported by a data service provider and in some cases are translations; a company’s legal name may be different.

(DR) Depositary Receipt, voting rights may vary.

See Notes to Form N-Q.

PORTFOLIO DIVERSIFICATION - DECEMBER 31, 2013

(Unaudited)

Dollar values in thousands

	Value		Percentage of Total Net Assets
Consumer Discretionary	$	182,597		15.7	%
Consumer Staples		296,672		25.7
Financials		63,924		5.5
Health Care		84,595		7.4
Industrials		242,071		20.9
Information Technology		100,789		8.7
Materials		23,112		2.0
Utilities		102,556		8.9
Short-term investments		91,217		7.9
Total investments	$	1,187,533		102.7	%

30

CURRENCY EXPOSURE - DECEMBER 31, 2013

(Unaudited)

Dollar values in thousands

	Value		Percentage of Total Investments
Brazilian real	$	33,341		2.8	%
British pound		196,061		16.5
Canadian dollar		48,743		4.1
Danish krone		28,092		2.4
Euro		279,937		23.6
Hong Kong dollar		247,779		20.9
Indonesian rupiah		54,956		4.6
Japanese yen		31,016		2.6
Kenyan shilling		13,153		1.1
Korean won		12,514		1.1
Malaysian ringgit		11,862		1.0
Philippine peso		10,922		0.9
Singapore dollar		60,775		5.1
Swedish krona		109		—	(1)
Swiss franc		52,781		4.4
U.S. dollar		105,492		8.9
Total investments	$	1,187,533		100.0	%

⁽¹⁾  Represents less than 0.1% of total investments.

31

ARTISAN INTERNATIONAL VALUE FUND

Schedule of Investments - December 31, 2013

(Unaudited)

Dollar values in thousands

	Shares Held		Value
COMMON STOCKS - 86.9%
BELGIUM - 2.0%
Groupe Bruxelles Lambert S.A.		2,460,719	$	225,895
CANADA - 2.4%
Imperial Oil Ltd.		5,996,337		265,538
CHINA - 2.7%
Baidu, Inc. (DR)(1)		1,727,428		307,275
DENMARK - 2.1%
Carlsberg AS, Class B(2)		2,088,313		231,994
FRANCE - 5.1%
Societe Television Francaise 1		4,041,564		77,895
Sodexo		1,444,290		146,316
Sodexo Prime De Fidelite Common Stock(3)		1,284,779		130,156
Total S.A.		1,467,740		89,914
Vivendi S.A.		5,066,215		133,503
				577,784
GERMANY - 1.4%
Deutsche Boerse AG(2)		1,937,341		160,875
INDIA - 0.1%
Coal India Ltd.		1,293,938		6,067
JAPAN - 7.1%
Aderans Co., Ltd.(2)		802,900		8,880
Credit Saison Co., Ltd.(2)		6,236,859		164,496
Kao Corp.(2)		8,682,500		273,456
Nifco, Inc.(2)		2,065,500		54,764
Sankyo Co., Ltd.(2)		1,476,780		68,142
Stanley Electric Co., Ltd.(2)(4)		9,963,800		228,340
				798,078
KOREA - 3.3%
Kia Motors Corp.(2)		3,033,203		162,234
Samsung Electronics Co., Ltd.(2)		161,928		211,639
				373,873
NETHERLANDS - 4.5%
ING Groep N.V. (DR)(1)		27,281,752		379,068
Reed Elsevier N.V.		1,944,749		41,201
TNT Express N.V.		9,363,593		86,924
				507,193
NORWAY - 1.7%
Aker Solutions ASA(2)		3,330,765		59,550
Orkla ASA(2)		17,225,943		134,635
				194,185
SWITZERLAND - 8.2%
Adecco S.A.(2)		2,668,824		211,959

32

Novartis AG(2)	4,367,515	$	349,534
Panalpina Welttransport Holding AG(2)(4)	1,529,151		256,894
Pargesa Holding S.A.(2)	1,344,272		108,581
			926,968
UNITED KINGDOM - 30.3%
Alent plc(4)	17,751,579		104,355
AMEC plc	6,248,378		112,575
AstraZeneca plc	2,946,245		174,394
Carpetright plc(1)(4)	4,922,799		41,004
Compass Group plc	38,359,452		614,886
Diageo plc	4,815,818		159,495
Direct Line Insurance Group plc	18,981,124		78,454
Lloyds Banking Group plc(1)	201,015,473		262,569
Michael Page International plc	2,884,125		23,307
QinetiQ Group plc	25,330,974		91,025
Reed Elsevier plc	28,275,215		420,933
Royal Bank of Scotland Group plc(1)	56,318,029		315,311
Savills plc	4,237,092		45,326
TESCO plc	70,268,683		389,054
Unilever plc (DR)	5,203,199		214,372
Vesuvius plc(4)	19,221,786		162,335
Vodafone Group plc	52,593,879		206,410
			3,415,805
UNITED STATES - 16.0%
Accenture plc, Class A	1,937,920		159,336
Aon plc	3,621,843		303,837
Applied Materials, Inc.	721,571		12,765
Arch Capital Group Ltd.(1)(4)	5,852,812		349,354
Covidien plc	4,702,942		320,270
Flextronics International Ltd.(1)	11,238,309		87,322
Mallinckrodt plc(1)	2,883,357		150,684
TE Connectivity Ltd.	7,662,682		422,290
			1,805,858
Total common stocks (Cost $6,790,903)			9,797,388
PREFERRED STOCKS - 0.2%
KOREA - 0.2%
Samsung Electronics Co., Ltd.(2)(5)	21,152		20,359
Total preferred stocks (Cost $17,649)			20,359

33

	Par Amount
SHORT-TERM INVESTMENTS (CASH EQUIVALENTS) - 11.8%
Repurchase agreement with Fixed Income Clearing Corporation, 0.00%, dated 12/31/13, due 1/2/14, maturity value $1,324,697 (Cost $1,324,697)(6)	$	1,324,697	$	1,324,697
Total investments - 98.9% (Cost $8,133,249)				11,142,444
Other assets less liabilities - 1.1%				124,755
Total net assets - 100.0%(7)			$	11,267,199

⁽¹⁾  Non-income producing security.

⁽²⁾  Valued at a fair value in accordance with procedures established by the board of directors of Artisan Funds. In total, securities valued at a fair value were $2,706,332, or 24.0% of total net assets.

⁽³⁾  Shares are registered with the issuing company and not tradable until converted back to bearer shares.

⁽⁴⁾  Affiliated company as defined by the 1940 Act. See Note (I) in Notes to Form N-Q.

⁽⁵⁾  Non-voting shares.

⁽⁶⁾  Collateralized by:

Issuer	Rate			Maturity		Value
U.S. Treasury Note		2.375	%		12/31/2020	$	1,351,194

⁽⁷⁾  Percentages for the various classifications relate to total net assets.

Company names are as reported by a data service provider and in some cases are translations; a company’s legal name may be different.

(DR) Depositary Receipt, voting rights may vary.

See Notes to Form N-Q.

PORTFOLIO DIVERSIFICATION - DECEMBER 31, 2013

(Unaudited)

Dollar values in thousands

	Value		Percentage of Total Net Assets
Consumer Discretionary	$	1,985,871		17.6	%
Consumer Staples		1,411,886		12.6
Energy		533,644		4.8
Financials		2,393,766		21.1
Health Care		994,882		8.8
Industrials		832,444		7.4
Information Technology		1,220,986		10.9
Materials		104,355		0.9
Telecommunication Services		339,913		3.0
Short-term investments		1,324,697		11.8
Total investments	$	11,142,444		98.9	%

34

CURRENCY EXPOSURE - DECEMBER 31, 2013

(Unaudited)

Dollar values in thousands

	Value			Percentage of Total Investments
British pound	$	3,201,433			28.7	%
Canadian dollar		265,538			2.4
Danish krone		231,994			2.1
Euro		1,471,747			13.2
Indian rupee		6,067			0.1
Japanese yen		798,078	*		7.2
Korean won		394,232			3.5
Norwegian krone		194,185			1.7
Swiss franc		926,968			8.3
U.S. dollar		3,652,202			32.8
Total investments	$	11,142,444			100.0	%

* Currency exposure is offset by foreign currency forward contracts noted in the table below:

			Contract Amount
Counterparty	Contract Settlement Date		Deliver		Receive		Unrealized Appreciation/ (Depreciation)
State Street Bank and Trust Company		2/14/2014	JPY	58,950,416	USD	601,008	$	41,125
State Street Bank and Trust Company		2/14/2014	JPY	3,764,025	USD	37,594		1,845
State Street Bank and Trust Company		2/14/2014	USD	34,072	JPY	3,343,076		(2,321	)
State Street Bank and Trust Company		2/14/2014	JPY	3,147,896	USD	31,477		1,580
State Street Bank and Trust Company		2/14/2014	JPY	2,432,647	USD	24,781		1,677
State Street Bank and Trust Company		2/14/2014	JPY	1,544,744	USD	15,784		1,113
							$	45,019

JPY   - Japanese yen

USD - U.S. dollar

35

ARTISAN MID CAP FUND

Schedule of Investments - December 31, 2013

(Unaudited)

Dollar values in thousands

	Shares Held		Value
COMMON STOCKS - 96.3%
CONSUMER DISCRETIONARY - 19.5%
Auto Components - 2.9%
BorgWarner, Inc.		4,991,352	$	279,066
Distributors - 1.8%
LKQ Corp.(1)		5,325,432		175,206
Hotels, Restaurants & Leisure - 2.6%
Chipotle Mexican Grill, Inc.(1)		320,114		170,550
Melco Crown Entertainment Ltd. (DR)(1)(2)		2,015,238		79,038
				249,588
Household Durables - 1.0%
Garmin Ltd.		2,121,461		98,054
Internet & Catalog Retail - 2.3%
Ctrip.com International Ltd. (DR)(1)(2)		2,023,800		100,421
Groupon, Inc.(1)		4,464,198		52,544
TripAdvisor, Inc.(1)		903,938		74,873
				227,838
Specialty Retail - 4.6%
Cabela’s, Inc.(1)		1,133,057		75,529
Tractor Supply Co.		2,620,147		203,271
Urban Outfitters, Inc.(1)		850,318		31,547
Williams-Sonoma, Inc.		2,318,816		135,141
				445,488
Textiles, Apparel & Luxury Goods - 4.3%
Fossil Group, Inc. (1)		969,438		116,275
Lululemon Athletica, Inc.(1)		389,092		22,968
Ralph Lauren Corp.		906,400		160,043
Under Armour, Inc., Class A(1)		1,336,268		116,656
				415,942
CONSUMER STAPLES - 0.5%
Food Products - 0.5%
Green Mountain Coffee Roasters, Inc.(1)		619,143		46,795
ENERGY - 5.7%
Energy Equipment & Services - 2.3%
Core Laboratories N.V.		351,151		67,053
Oceaneering International, Inc.		1,991,318		157,075
				224,128
Oil, Gas & Consumable Fuels - 3.4%
Cabot Oil & Gas Corp.		4,329,559		167,814
Noble Energy, Inc.		2,331,927		158,827
				326,641
FINANCIALS - 4.9%
Capital Markets - 0.7%
LPL Financial Holdings, Inc.		1,528,272		71,875

36

Consumer Finance - 2.9%
Discover Financial Services	4,940,515	$	276,422
Diversified Financial Services - 1.3%
IntercontinentalExchange Group, Inc.	561,028		126,186
HEALTH CARE - 23.4%
Biotechnology - 11.4%
Alexion Pharmaceuticals, Inc.(1)	1,342,796		178,673
Cepheid, Inc. (1)(3)	3,759,916		175,663
Incyte Corp. Ltd.(1)	2,867,269		145,170
Isis Pharmaceuticals, Inc.(1)(3)	4,772,485		190,136
Regeneron Pharmaceuticals, Inc.(1)	1,513,128		416,473
			1,106,115
Health Care Providers & Services - 2.6%
Cigna Corp.	2,849,396		249,265
Health Care Technology - 4.8%
athenahealth, Inc.(1)	1,448,377		194,807
Cerner Corp.(1)	4,915,096		273,967
			468,774
Life Sciences Tools & Services - 4.6%
Covance, Inc.(1)	1,500,017		132,091
Illumina, Inc.(1)	1,751,099		193,707
Mettler-Toledo International, Inc.(1)	482,953		117,160
			442,958
INDUSTRIALS - 15.8%
Building Products - 2.2%
Fortune Brands Home & Security, Inc.	4,686,222		214,160
Commercial Services & Supplies - 1.2%
Waste Connections, Inc.	2,632,990		114,877
Electrical Equipment - 3.8%
AMETEK, Inc.	3,330,850		175,436
Rockwell Automation, Inc.	1,617,959		191,178
			366,614
Machinery - 2.1%
Chart Industries, Inc.(1)	1,087,380		103,997
Pall Corp.	1,231,490		105,108
			209,105
Professional Services - 4.9%
IHS, Inc., Class A(1)	2,820,392		337,601
Verisk Analytics, Inc., Class A(1)	2,126,491		139,753
			477,354
Road & Rail - 1.6%
Kansas City Southern	1,223,356		151,488
INFORMATION TECHNOLOGY - 26.5%
Electronic Equipment, Instruments & Components - 4.6%
FLIR Systems, Inc.(3)	2,433,173		73,238

37

IPG Photonics Corp.(1)		1,861,924	$	144,504
Trimble Navigation Ltd.(1)		6,663,306		231,217
				448,959
Internet Software & Services - 4.8%
LinkedIn Corp., Class A(1)		1,107,019		240,035
Pandora Media, Inc.(1)		4,065,474		108,142
SINA Corp.(1)		848,659		71,499
Twitter, Inc.(1)		651,657		41,478
				461,154
IT Services - 0.8%
Gartner, Inc.(1)		1,065,012		75,669
Semiconductors & Semiconductor Equipment - 6.5%
Applied Materials, Inc.		14,038,118		248,334
ARM Holdings plc (DR)(2)		3,641,974		199,362
Cree, Inc.(1)		1,165,455		72,922
Freescale Semiconductor Ltd.(1)		6,884,421		110,495
				631,113
Software - 9.8%
ANSYS, Inc.(1)		877,556		76,523
Autodesk, Inc.(1)		2,012,830		101,306
CommVault Systems, Inc.(1)(3)		1,683,566		126,065
Concur Technologies, Inc.(1)		1,695,018		174,892
Guidewire Software, Inc.(1)		698,877		34,294
Red Hat, Inc.(1)		2,952,675		165,468
Salesforce.com, Inc.(1)		2,612,387		144,178
ServiceNow, Inc.(1)		891,256		49,919
Workday, Inc., Class A(1)		960,424		79,869
				952,514
Total common stocks (Cost $5,481,157)				9,333,348
	Par Amount
SHORT-TERM INVESTMENTS (CASH EQUIVALENTS) - 4.3%
Repurchase agreement with Fixed Income Clearing Corporation, 0.00%, dated 12/31/13, due 1/2/14, maturity value $413,373 (Cost $413,373)(4)	$	413,373	$	13,373
Total investments - 100.6% (Cost $5,894,530)				9,746,721
Other assets less liabilities - (0.6)%				(57,392	)
Total net assets - 100.0%(5)			$	9,689,329

⁽¹⁾  Non-income producing security.

38

⁽²⁾  The Fund considers the company to be from outside of the United States. See the Fund’s Statement of Additional Information for information on how a particular country is assigned.

Security	Country	Trading Currency
ARM Holdings plc (DR)	United Kingdom	U.S. dollar
Ctrip.com International Ltd. (DR)	China	U.S. dollar
Melco Crown Entertainment Ltd. (DR)	Hong Kong	U.S. dollar

⁽³⁾  Affiliated company as defined by the 1940 Act. See Note (I) in Notes to Form N-Q.

⁽⁴⁾  Collateralized by:

Issuer	Rate			Maturity		Value
U.S. Treasury Note		2.375	%		12/31/2020	$	142,529
U.S. Treasury Note		8.125	%		5/15/2021		279,114
						$	421,643

⁽⁵⁾  Percentages for the various classifications relate to total net assets.

Company names are as reported by a data service provider and in some cases are translations; a company’s legal name may be different.

(DR) Depositary Receipt, voting rights may vary.

See Notes to Form N-Q.

39

ARTISAN MID CAP VALUE FUND

Schedule of Investments - December 31, 2013

(Unaudited)

Dollar values in thousands

	Shares Held		Value
COMMON STOCKS - 90.9%
CONSUMER DISCRETIONARY - 11.9%
Diversified Consumer Services - 1.8%
H&R Block, Inc.		7,524,821	$	218,521
Internet & Catalog Retail - 1.3%
Liberty Interactive Corp., Class A(1)		5,329,950		156,434
Leisure Equipment & Products - 1.9%
Mattel, Inc.		4,609,481		219,319
Media - 1.9%
Omnicom Group, Inc.		2,993,006		222,590
Multiline Retail - 1.5%
Nordstrom, Inc.		2,788,926		172,355
Specialty Retail - 1.9%
Bed Bath & Beyond, Inc.(1)		2,803,575		225,127
Textiles, Apparel & Luxury Goods - 1.6%
Coach, Inc.		3,460,268		194,225
CONSUMER STAPLES - 2.4%
Food & Staples Retailing - 2.4%
Kroger Co.		7,299,398		288,545
ENERGY - 12.5%
Energy Equipment & Services - 4.6%
Ensco plc, Class A		3,348,630		191,475
McDermott International, Inc.(1)(2)		14,207,306		130,139
Patterson-UTI Energy, Inc.(2)		8,852,730		224,151
				545,765
Oil, Gas & Consumable Fuels - 7.9%
Cimarex Energy Co.		2,823,276		296,190
Hess Corp.		2,778,318		230,600
SM Energy Co.		2,336,312		194,171
Southwestern Energy Co.(1)		5,517,486		217,003
				937,964
FINANCIALS - 20.5%
Capital Markets - 0.9%
Northern Trust Corp.		1,742,763		107,860
Commercial Banks - 1.0%
M&T Bank Corp.		1,000,573		116,487
Diversified Financial Services - 2.2%
IntercontinentalExchange Group, Inc.		1,141,005		256,635

40

Insurance - 14.8%
Alleghany Corp.(1)	667,301	$	266,894
Allied World Assurance Co. Holdings AG	1,300,758		146,738
Allstate Corp.	5,026,229		274,131
Aon plc	2,615,533		219,417
Arch Capital Group Ltd.(1)(2)	4,071,498		243,028
Loews Corp.	3,990,674		192,510
Progressive Corp.	7,943,462		216,618
Torchmark Corp.	2,500,486		195,413
			1,754,749
Real Estate Investment Trusts (REITs) - 1.6%
Annaly Capital Management, Inc.	6,478,531		64,591
Hatteras Financial Corp.(2)	7,703,517		125,875
			190,466
HEALTH CARE - 4.0%
Health Care Equipment & Supplies - 1.0%
Becton Dickinson and Co.	1,060,812		117,209
Health Care Providers & Services - 3.0%
Cigna Corp.	4,092,967		358,053
INDUSTRIALS - 12.0%
Aerospace & Defense - 2.5%
L-3 Communications Holdings, Inc.	1,134,690		121,253
Rockwell Collins, Inc.	2,424,714		179,235
			300,488
Commercial Services & Supplies - 1.0%
Republic Services, Inc.	3,510,783		116,558
Construction & Engineering - 1.5%
Jacobs Engineering Group, Inc.(1)	2,712,868		170,884
Electrical Equipment - 1.4%
Hubbell, Inc., Class B	1,565,961		170,533
Machinery - 1.4%
Joy Global, Inc.	2,866,719		167,674
Professional Services - 3.1%
Manpower, Inc.	2,136,400		183,432
Towers Watson & Co., Class A	1,424,342		181,760
			365,192
Road & Rail - 1.1%
Ryder System, Inc.(2)	1,818,535		134,171
INFORMATION TECHNOLOGY - 24.0%
Computers & Peripherals - 1.0%
Lexmark International, Inc., Class A(2)	3,422,382		121,563
Electronic Equipment, Instruments & Components - 9.2%
Arrow Electronics, Inc.(1)(2)	5,632,407		305,558
Avnet, Inc.(2)	7,400,428		326,433

41

FLIR Systems, Inc.(2)		8,448,611	$	254,303
Ingram Micro, Inc., Class A(1)(2)		8,833,983		207,245
				1,093,539
IT Services - 5.1%
Broadridge Financial Solutions, Inc.		1,967,672		77,762
NeuStar, Inc., Class A(1)		2,967,568		147,963
Teradata Corp.(1)		3,252,879		147,974
Western Union Co.		13,422,413		231,537
				605,236
Semiconductors & Semiconductor Equipment - 6.7%
Analog Devices, Inc.		5,825,500		296,692
KLA-Tencor Corp.		3,157,179		203,512
Lam Research Corp.(1)		5,316,689		289,494
				789,698
Software - 2.0%
Autodesk, Inc.(1)		256,261		12,897
Open Text Corp.(3)		1,203,009		110,629
Synopsys, Inc.(1)		2,765,689		112,204
				235,730
MATERIALS - 1.1%
Metals & Mining - 1.1%
Kinross Gold Corp.(3)		28,823,727		126,248
UTILITIES - 2.5%
Electric Utilities - 2.0%
Edison International		5,025,724		232,691
Multi-Utilities - 0.5%
SCANA Corp.		1,375,520		64,553
Total common stocks (Cost $7,503,813)				10,777,062
	Par Amount
SHORT-TERM INVESTMENTS (CASH EQUIVALENTS) - 10.2%
Repurchase agreement with Fixed Income Clearing Corporation, 0.00%, dated 12/31/13, due 1/2/14, maturity value $1,204,636 (Cost $1,204,636)(4)	$	1,204,636	$	1,204,636
Total investments - 101.1% (Cost $8,708,449)				11,981,698
Other assets less liabilities - (1.1)%				(130,138	)
Total net assets - 100.0%(5)			$	11,851,560

42

⁽¹⁾  Non-income producing security.

⁽²⁾  Affiliated company as defined by the 1940 Act. See Note (I) in Notes to Form N-Q.

⁽³⁾  The Fund considers the company to be from outside of the United States. See the Fund’s Statement of Additional Information for information on how a particular country is assigned.

Security	Country	Trading Currency
Kinross Gold Corp.	Canada	U.S. dollar
Open Text Corp.	Canada	U.S. dollar

⁽⁴⁾  Collateralized by:

Issuer	Rate			Maturity		Value
U.S. Treasury Note		2.375	%		12/31/2020	$	1,228,730

⁽⁵⁾  Percentages for the various classifications relate to total net assets.

Company names are as reported by a data service provider and in some cases are translations; a company’s legal name may be different.

See Notes to Form N-Q.

43

ARTISAN SMALL CAP FUND

Schedule of Investments - December 31, 2013

(Unaudited)

Dollar values in thousands

	Shares Held		Value
COMMON STOCKS - 95.1%
CONSUMER DISCRETIONARY - 14.5%
Auto Components - 1.5%
Gentherm, Inc.(1)		984,284	$	26,389
Distributors - 1.6%
LKQ Corp.(1)		816,184		26,852
Hotels, Restaurants & Leisure - 3.0%
Dunkin’ Brands Group, Inc.		1,061,858		51,182
Internet & Catalog Retail - 1.2%
HomeAway, Inc.(1)		516,883		21,130
Media - 0.5%
Imax Corp.(1)(2)		304,329		8,972
Specialty Retail - 2.9%
Five Below, Inc.(1)		241,587		10,436
Francesca’s Holdings Corp.(1)		816,058		15,024
Hibbett Sports, Inc.(1)		182,595		12,272
Restoration Hardware Holdings, Inc.(1)		182,595		12,289
				50,021
Textiles, Apparel & Luxury Goods - 3.8%
Deckers Outdoor Corp.(1)		424,687		35,869
Quiksilver, Inc.(1)		1,636,203		14,349
Tumi Holdings, Inc.(1)		442,441		9,977
Vince Holding Corp.(1)		147,466		4,523
				64,718
CONSUMER STAPLES - 2.5%
Food & Staples Retailing - 2.1%
Fresh Market, Inc.(1)		511,265		20,706
PriceSmart, Inc.		130,625		15,093
				35,799
Food Products - 0.4%
Annie’s, Inc.(1)		165,740		7,133
ENERGY - 3.3%
Energy Equipment & Services - 0.8%
Dril-Quip, Inc.(1)		39,131		4,301
Geospace Technologies Corp.(1)		102,056		9,678
				13,979
Oil, Gas & Consumable Fuels - 2.5%
Oasis Petroleum, Inc.(1)		429,898		20,192
Rosetta Resources, Inc.(1)		419,659		20,161
Solazyme, Inc.(1)		236,197		2,572
				42,925

44

FINANCIALS - 0.2%
Diversified Financial Services - 0.2%
MarketAxess Holdings, Inc.	60,158	$	4,023
HEALTH CARE - 20.8%
Biotechnology - 11.0%
Alnylam Pharmaceuticals, Inc.(1)	250,014		16,083
Cepheid, Inc.(1)(3)	1,101,187		51,448
Foundation Medicine, Inc.(1)	156,512		3,728
Incyte Corp. Ltd.(1)	1,192,315		60,367
Isis Pharmaceuticals, Inc.(1)(3)	1,413,339		56,307
			187,933
Health Care Equipment & Supplies - 4.1%
DexCom, Inc.(1)	1,604,488		56,815
GenMark Diagnostics, Inc.(1)	1,047,813		13,946
			70,761
Health Care Providers & Services - 0.7%
Acadia Healthcare Co., Inc.(1)	244,396		11,567
Health Care Technology - 3.0%
athenahealth, Inc.(1)	384,600		51,729
Life Sciences Tools & Services - 2.0%
Bruker Corp.(1)	1,755,466		34,706
INDUSTRIALS - 17.9%
Aerospace & Defense - 4.9%
DigitalGlobe, Inc.(1)	546,857		22,503
Taser International, Inc.(1)	794,147		12,611
Teledyne Technologies, Inc.(1)	543,922		49,965
			85,079
Electrical Equipment - 3.4%
Acuity Brands, Inc.	530,929		58,041
Machinery - 4.4%
Chart Industries, Inc.(1)	320,243		30,628
ExOne Co.(1)	96,088		5,809
IDEX Corp.	349,472		25,809
Proto Labs, Inc.(1)	194,716		13,860
			76,106
Professional Services - 1.8%
Advisory Board Co.(1)	488,792		31,121
Trading Companies & Distributors - 3.4%
Beacon Roofing Supply, Inc.(1)	1,439,689		57,991
INFORMATION TECHNOLOGY - 35.9%
Electronic Equipment, Instruments & Components - 7.6%
Cognex Corp.(1)	1,941,122		74,112
Control4 Corp.(1)	201,257		3,562
FEI Co.	272,487		24,350

45

IPG Photonics Corp.(1)		369,684	$	28,691
				130,715
Internet Software & Services - 10.4%
Benefitfocus, Inc.(1)		161,526		9,327
CoStar Group, Inc.(1)		258,695		47,750
Criteo S.A. (DR)(1)(2)		51,027		1,745
Demandware, Inc.(1)		508,568		32,609
MercadoLibre, Inc.		77,280		8,330
Pandora Media, Inc.(1)		1,875,107		49,878
Rocket Fuel, Inc.(1)		34,940		2,148
Shutterstock, Inc.(1)		108,714		9,092
Textura Corp.(1)		568,499		17,021
				177,900
IT Services - 0.8%
Acxiom Corp.(1)		382,733		14,154
Semiconductors & Semiconductor Equipment - 1.9%
Cavium, Inc.(1)		579,455		19,997
Ultratech, Inc.(1)(3)		411,386		11,930
				31,927
Software - 15.2%
CommVault Systems, Inc.(1)(3)		681,219		51,010
Concur Technologies, Inc.(1)		404,672		41,754
FireEye, Inc.(1)		43,326		1,889
Guidewire Software, Inc.(1)		867,507		42,569
Informatica Corp.(1)		1,023,935		42,493
PROS Holdings, Inc.(1)		242,991		9,695
RealPage, Inc.(1)		1,181,247		27,618
Tableau Software, Inc., Class A(1)		206,487		14,233
Tyler Technologies, Inc.(1)		186,808		19,079
Ultimate Software Group, Inc.(1)		75,482		11,565
				261,905
Total common stocks (Cost $1,080,330)				1,634,758
	Par Amount
SHORT-TERM INVESTMENTS (CASH EQUIVALENTS) - 5.5%
Repurchase agreement with Fixed Income Clearing Corporation, 0.00%, dated 12/31/13, due 1/2/14, maturity value $94,427 (Cost $94,427)(4)	$	94,427	$	94,427

46

Total investments - 100.6% (Cost $1,174,757)	$	1,729,185
Other assets less liabilities - (0.6)%		(9,932	)
Total net assets - 100.0%(5)	$	1,719,253

⁽¹⁾  Non-income producing security.

⁽²⁾  The Fund considers the company to be from outside of the United States. See the Fund’s Statement of Additional Information for information on how a particular country is assigned.

Security	Country	Trading Currency
Criteo S.A. (DR)	France	U.S. dollar
Imax Corp.	Canada	U.S. dollar

⁽³⁾  Affiliated company as defined by the 1940 Act. See Note (I) in Notes to Form N-Q.

⁽⁴⁾  Collateralized by:

Issuer	Rate			Maturity		Value
U.S. Treasury Note		1.625	%		11/15/2022	$	96,319

⁽⁵⁾ Percentages for the various classifications relate to total net assets.

Company names are as reported by a data service provider and in some cases are translations; a company’s legal name may be different.

(DR) Depositary Receipt, voting rights may vary.

See Notes to Form N-Q.

47

ARTISAN SMALL CAP VALUE FUND

Schedule of Investments - December 31, 2013

(Unaudited)

Dollar values in thousands

	Shares Held		Value
COMMON STOCKS - 91.3%
CONSUMER DISCRETIONARY - 9.6%
Auto Components - 0.5%
Remy International, Inc.		648,171	$	15,115
Diversified Consumer Services - 1.6%
Matthews International Corp., Class A		630,110		26,849
Regis Corp.		1,319,415		19,145
				45,994
Household Durables - 0.5%
Universal Electronics, Inc.(1)		393,067		14,980
Media - 2.2%
DreamWorks Animation SKG, Inc., Class A(1)		1,664,451		59,088
Meredith Corp.		81,556		4,224
				63,312
Specialty Retail - 3.8%
America’s Car-Mart, Inc.(1)		151,220		6,386
Jos A Bank Clothiers, Inc.(1)		144,299		7,897
Outerwall, Inc.(1)		502,566		33,808
Rent-A-Center, Inc.		1,854,559		61,831
				109,922
Textiles, Apparel & Luxury Goods - 1.0%
Skechers U.S.A., Inc., Class A(1)		347,148		11,501
Vera Bradley, Inc.(1)		656,070		15,772
				27,273
CONSUMER STAPLES - 1.9%
Beverages - 0.5%
Cott Corp.(2)		1,996,411		16,091
Food Products - 1.4%
Darling International, Inc.(1)		1,464,082		30,570
Fresh Del Monte Produce, Inc.		303,234		8,582
				39,152
ENERGY - 16.5%
Energy Equipment & Services - 10.0%
C&J Energy Services, Inc.(1)		681,845		15,750
Era Group, Inc.(1)		501,769		15,484
Gulfmark Offshore, Inc., Class A		1,022,218		48,177
Key Energy Services, Inc.(1)		2,509,484		19,825
McDermott International, Inc.(1)(3)		90,146		826
Newpark Resources, Inc.(1)		2,000,789		24,590
Parker Drilling Co.(1)		3,358,552		27,305
SEACOR Holdings, Inc.(1)		173,397		15,814
Superior Energy Services, Inc.(1)		627,938		16,709
Tesco Corp.(1)		470,976		9,316
Tidewater, Inc.		791,187		46,894
Unit Corp.(1)		892,670		46,080
				286,770

48

Oil, Gas & Consumable Fuels - 6.5%
Abraxas Petroleum Corp.(1)	1,179,602	$	3,869
Approach Resources, Inc.(1)	1,344,763		25,941
Cloud Peak Energy, Inc.(1)	2,515,521		45,280
Comstock Resources, Inc.	875,730		16,017
Emerald Oil, Inc.(1)	903,110		6,918
Synergy Resources Corp.(1)	648,077		6,001
World Fuel Services Corp.	1,921,533		82,933
			186,959
FINANCIALS - 6.8%
Diversified Financial Services - 0.9%
PICO Holdings, Inc.(1)(3)	1,176,598		27,191
Insurance - 2.1%
Allied World Assurance Co. Holdings AG	217,762		24,566
Platinum Underwriters Holdings Ltd.	604,925		37,070
			61,636
Real Estate Investment Trusts (REITs) - 3.0%
Anworth Mortgage Asset Corp.	3,852,047		16,217
Campus Crest Communities, Inc.	2,825,339		26,586
CYS Investments, Inc.	1,944,816		14,411
Hatteras Financial Corp.(3)	1,743,062		28,482
			85,696
Thrifts & Mortgage Finance - 0.8%
Berkshire Hills Bancorp, Inc.	524,861		14,313
Dime Community Bancshares, Inc.	463,948		7,850
			22,163
HEALTH CARE - 2.9%
Health Care Equipment & Supplies - 1.4%
CONMED Corp.	483,684		20,557
Merit Medical Systems, Inc.(1)	1,271,305		20,010
			40,567
Health Care Providers & Services - 1.1%
Landauer, Inc.	278,832		14,670
Owens & Minor, Inc.	410,041		14,991
			29,661
Life Sciences Tools & Services - 0.4%
ICON plc(1)(2)	304,584		12,308
INDUSTRIALS - 24.3%
Aerospace & Defense - 1.9%
Cubic Corp.	627,893		33,065
Curtiss-Wright Corp.	330,373		20,559
			53,624
Airlines - 0.5%
Hawaiian Holdings, Inc.(1)	1,594,133		15,352
Building Products - 0.0%†
Quanex Building Products Corp.	42,220		841

49

Commercial Services & Supplies - 1.7%
Quad/Graphics, Inc.	353,248	$	9,619
Tetra Tech, Inc.(1)	1,385,963		38,779
			48,398
Construction & Engineering - 5.9%
Comfort Systems USA, Inc.	714,288		13,850
EMCOR Group, Inc.	2,253,509		95,639
Granite Construction, Inc.	775,425		27,124
Orion Marine Group, Inc.(1)(3)	1,369,151		16,471
Tutor Perini Corp.(1)	656,682		17,271
			170,355
Electrical Equipment - 1.8%
AZZ, Inc.	351,105		17,155
Brady Corp., Class A	289,451		8,953
Encore Wire Corp.	476,117		25,805
			51,913
Machinery - 2.5%
Astec Industries, Inc.	583,840		22,554
Global Brass & Copper Holdings, Inc.	712,290		11,788
Mueller Industries, Inc.	93,410		5,886
Woodward, Inc.	701,872		32,012
			72,240
Professional Services - 4.4%
CRA International, Inc.(1)(3)	604,281		11,965
FTI Consulting, Inc.(1)	1,739,290		71,554
Resources Connection, Inc.	32,936		472
Towers Watson & Co., Class A	174,390		22,254
TrueBlue, Inc.(1)	791,972		20,417
			126,662
Road & Rail - 3.9%
Celadon Group, Inc.	788,245		15,355
Ryder System, Inc.(3)	1,290,272		95,196
			110,551
Trading Companies & Distributors - 1.7%
Kaman Corp.	582,450		23,141
TAL International Group, Inc.	318,684		18,276
Textainer Group Holdings Ltd.	180,424		7,257
			48,674
INFORMATION TECHNOLOGY - 21.0%
Communications Equipment - 2.7%
ADTRAN, Inc.(3)	2,888,115		78,008
Computers & Peripherals - 1.9%
Lexmark International, Inc., Class A(3)	605,149		21,495
QLogic Corp.(1)	2,830,997		33,490
			54,985
Electronic Equipment, Instruments & Components - 5.5%
Arrow Electronics, Inc.(1)(3)	965,863		52,398
Benchmark Electronics, Inc.(1)	849,568		19,608
FARO Technologies, Inc.(1)	157,478		9,181
Park Electrochemical Corp.	909,391		26,118

50

Tech Data Corp.(1)		983,578	$	50,752
				158,057
Internet Software & Services - 1.5%
Blucora, Inc.(1)		481,641		14,045
EarthLink, Inc.(3)		5,547,040		28,123
				42,168
IT Services - 1.7%
CACI International, Inc., Class A(1)		182,452		13,359
Sykes Enterprises, Inc.(1)		1,577,052		34,396
				47,755
Semiconductors & Semiconductor Equipment - 4.3%
MKS Instruments, Inc.		852,481		25,523
Nanometrics, Inc.(1)(3)		1,309,873		24,953
Rudolph Technologies, Inc.(1)		1,515,982		17,798
Ultratech, Inc.(1)(3)		1,905,794		55,268
				123,542
Software - 3.4%
MicroStrategy, Inc., Class A(1)		406,134		50,458
Progress Software Corp.(1)		1,833,432		47,358
				97,816
MATERIALS - 7.3%
Chemicals - 5.0%
American Vanguard Corp.		677,032		16,445
HB Fuller Co.		1,723,057		89,668
Intrepid Potash, Inc.(1)		1,077,854		17,073
Minerals Technologies, Inc.		123,080		7,393
Sensient Technologies Corp.		311,656		15,122
				145,701
Metals & Mining - 2.3%
Alamos Gold, Inc.(2)		702,344		8,519
AuRico Gold, Inc.(2)		2,907,828		10,643
Schnitzer Steel Industries, Inc., Class A		1,413,040		46,164
				65,326
TELECOMMUNICATION SERVICES - 1.0%
Diversified Telecommunication Services - 1.0%
Atlantic Tele-Network, Inc.		505,597		28,602
Total common stocks (Cost $1,905,443)				2,625,360
	Par Amount
SHORT-TERM INVESTMENTS (CASH EQUIVALENTS) - 9.3%
Repurchase agreement with Fixed Income Clearing Corporation, 0.00%, dated 12/31/13, due 1/2/14, maturity value $267,078 (Cost $267,078)(4)	$	267,078	$	267,078

51

Total investments - 100.6% (Cost $2,172,521)	$	2,892,438
Other assets less liabilities - (0.6)%		(17,382	)
Total net assets - 100.0%(5)	$	2,875,056

† Amount rounds to less than 0.1%.

⁽¹⁾  Non-income producing security.

⁽²⁾  The Fund considers the company to be from outside of the United States. See the Fund’s Statement of Additional Information for information on how a particular country is assigned.

Security	Country	Trading Currency
Alamos Gold, Inc.	Canada	U.S. dollar
AuRico Gold, Inc.	Canada	U.S. dollar
Cott Corp.	Canada	U.S. dollar
ICON plc	Ireland	U.S. dollar

⁽³⁾  Affiliated company as defined by the 1940 Act. See Note (I) in Notes to Form N-Q.

⁽⁴⁾  Collateralized by:

Issuer	Rate			Maturity		Value
U.S. Treasury Note		1.625	%		11/15/2022	$	71,730
U.S. Treasury Note		1.750	%		5/15/2022		69,609
U.S. Treasury Note		2.125	%		8/15/2021		131,084
						$	272,423

⁽⁵⁾ Percentages for the various classifications relate to total net assets.

Company names are as reported by a data service provider and in some cases are translations; a company’s legal name may be different.

See Notes to Form N-Q.

52

ARTISAN VALUE FUND

Schedule of Investments - December 31, 2013

(Unaudited)

Dollar values in thousands

	Shares Held		Value
COMMON STOCKS - 86.8%
CONSUMER DISCRETIONARY - 3.3%
Auto Components - 3.3%
Cie Generale des Etablissements Michelin(1)		449,918	$	47,814
CONSUMER STAPLES - 2.0%
Food & Staples Retailing - 2.0%
Kroger Co.		736,173		29,101
ENERGY - 15.9%
Energy Equipment & Services - 8.7%
Baker Hughes, Inc.		833,938		46,084
National Oilwell Varco, Inc.		608,980		48,432
Noble Corp. plc		861,206		32,269
				126,785
Oil, Gas & Consumable Fuels - 7.2%
Apache Corp.		689,283		59,237
Chevron Corp.		368,861		46,074
				105,311
FINANCIALS - 19.6%
Capital Markets - 4.3%
Bank of New York Mellon Corp.		902,335		31,528
Goldman Sachs Group, Inc.		180,444		31,985
				63,513
Diversified Financial Services - 2.3%
Berkshire Hathaway, Inc., Class B(2)		285,857		33,891
Insurance - 11.0%
Alleghany Corp.(2)		91,620		36,644
Allstate Corp.		564,215		30,772
Arch Capital Group Ltd.(2)(3)		504,680		30,125
Chubb Corp.		355,617		34,363
Progressive Corp.		1,035,720		28,244
				160,148
Real Estate Investment Trusts (REITs) - 2.0%
Annaly Capital Management, Inc.		2,933,433		29,247
HEALTH CARE - 3.7%
Health Care Providers & Services - 3.7%
Cigna Corp.		612,161		53,552
INDUSTRIALS - 3.3%
Construction & Engineering - 0.6%
Jacobs Engineering Group, Inc.(2)		135,862		8,558
Road & Rail - 2.7%
Union Pacific Corp.		239,252		40,194

53

INFORMATION TECHNOLOGY - 28.2%
Communications Equipment - 2.4%
Cisco Systems, Inc.		1,576,188	$	35,385
Computers & Peripherals - 9.5%
Apple, Inc.		185,898		104,309
EMC Corp.		1,392,430		35,020
				139,329
Electronic Equipment, Instruments & Components - 2.1%
Avnet, Inc.(3)		706,007		31,142
IT Services - 6.7%
International Business Machines Corp.		298,627		56,013
Western Union Co.		2,415,218		41,663
				97,676
Software - 7.5%
Microsoft Corp.		1,152,198		43,127
Oracle Corp.		1,722,185		65,891
				109,018
MATERIALS - 10.8%
Chemicals - 6.9%
LyondellBasell Industries N.V., Class A		474,913		38,126
Mosaic Co.		658,970		31,149
Potash Corp. of Saskatchewan, Inc.(1)		940,737		31,007
				100,282
Metals & Mining - 3.9%
Goldcorp, Inc.(1)		1,280,735		27,754
Kinross Gold Corp.(1)		6,702,442		29,357
				57,111
Total common stocks (Cost $1,065,019)				1,268,057
PREFERRED STOCKS - 5.6%
INFORMATION TECHNOLOGY - 5.6%
Semiconductors & Semiconductor Equipment - 5.6%
Samsung Electronics Co., Ltd.(1)(4)(5)		84,712		81,535
Total preferred stocks (Cost $57,781)				81,535
	Par Amount
SHORT-TERM INVESTMENTS (CASH EQUIVALENTS) - 7.4%
Repurchase agreement with Fixed Income Clearing Corporation, 0.00%, dated 12/31/13, due 1/2/14, maturity value $108,505 (Cost $108,505)(6)	$	108,505	$	108,505

54

Total investments - 99.8% (Cost $1,231,305)	$	1,458,097
Other assets less liabilities - 0.2%		2,233
Total net assets - 100.0%(7)	$	1,460,330

⁽¹⁾  The Fund considers the company to be from outside of the United States. See the Fund’s Statement of Additional Information for information on how a particular country is assigned.

Security	Country	Trading Currency
Cie Generale des Etablissements Michelin	France	Euro
Goldcorp, Inc.	Canada	U.S. dollar
Kinross Gold Corp.	Canada	U.S. dollar
Potash Corp. of Saskatchewan, Inc.	Canada	U.S. dollar
Samsung Electronics Co., Ltd.	Korea	Korean won

⁽²⁾  Non-income producing security.

⁽³⁾  Affiliated company as defined by the 1940 Act. See Note (I) in Notes to Form N-Q.

⁽⁴⁾  Non-voting shares.

⁽⁵⁾  Valued at a fair value in accordance with procedures established by the board of directors of Artisan Funds. In total, securities valued at a fair value were $81,535, or 5.6% of total net assets.

⁽⁶⁾  Collateralized by:

Issuer	Rate			Maturity		Value
U.S. Treasury Note		2.000	%		2/15/2023	$	11,722
U.S. Treasury Note		2.125	%		8/15/2021		15,603
U.S. Treasury Note		2.375	%		12/31/2020		71,207
U.S. Treasury Bond		6.125	%		11/15/2027		12,145
						$	110,677

⁽⁷⁾ Percentages for the various classifications relate to total net assets.

Company names are as reported by a data service provider and in some cases are translations; a company’s legal name may be different.

See Notes to Form N-Q.

55

ARTISAN PARTNERS FUNDS, INC.

Notes to Form N-Q December 31, 2013 (Unaudited)

(A) Organization:

As of December 31, 2013, Artisan Partners Funds, Inc. (“Artisan Funds”) is a series company comprised of thirteen open-end, diversified mutual funds. The following funds (each a “Fund” and collectively the “Funds”) are included in this report:

Fund Name

Artisan Emerging Markets Fund (“Emerging Markets Fund” or “Emerging Markets”)

Artisan Global Equity Fund (“Global Equity Fund” or “Global Equity”)

Artisan Global Opportunities Fund (“Global Opportunities Fund” or “Global Opportunities”)

Artisan Global Small Cap Fund (“Global Small Cap Fund” or “Global Small Cap”)

Artisan Global Value Fund (“Global Value Fund” or “Global Value”)

Artisan International Fund (“International Fund” or “International”)

Artisan International Small Cap Fund (“International Small Cap Fund” or “International Small Cap”)

Artisan International Value Fund (“International Value Fund” or “International Value”)

Artisan Mid Cap Fund (“Mid Cap Fund” or “Mid Cap”)

Artisan Mid Cap Value Fund (“Mid Cap Value Fund” or “Mid Cap Value”)

Artisan Small Cap Fund (“Small Cap Fund” or “Small Cap”)

Artisan Small Cap Value Fund (“Small Cap Value Fund” or “Small Cap Value”)

Artisan Value Fund (“Value Fund” or “Value”)

The investment adviser for each Fund is Artisan Partners Limited Partnership (the “Adviser” or “Artisan Partners”). The Adviser is wholly owned by Artisan Partners Holdings LP (“Artisan Holdings”).

(B) Security valuation:

The net asset value (“NAV”) of the shares of each class of each Fund was determined as of the close of regular session trading on the New York Stock Exchange (“NYSE”) (usually 4:00 p.m., Eastern Time) each day the NYSE was open for regular session trading. For financial reporting purposes, information available subsequent to the close of NYSE trading and up to the date of the financial statements was considered in determining a fair value for investments held in each Fund and the resulting NAV presented. The NAV of each class of shares was determined by dividing the value of each Fund’s securities and other assets attributed to that class, less its liabilities attributed to that class, by the number of outstanding shares of that class of that Fund.

In determining NAV, each security traded on a securities exchange, including the Nasdaq Stock Market, or over-the-counter was valued at the closing price as of the time of valuation on the exchange or market designated by the Funds’ accounting agent or pricing vendor as the principal exchange (each, a “principal exchange”). The closing price provided by the pricing vendor for an exchange may differ from the price quoted elsewhere and may represent information such as last sales price, an official closing price, a closing auction price or other information, depending on exchange or market convention. Absent closing price information for a security from the principal exchange as of the time of valuation, the security was valued using (i) the closing price on another exchange on which the security traded (if such price was made available by a pricing vendor) or (ii) the most recent bid quotation on the principal exchange or, if such bid was not available, from a secondary exchange or in the over-the-counter market.

Global Equity Fund, Global Opportunities Fund, Global Small Cap Fund, and Global Value Fund generally invested a significant portion of their total assets in securities principally traded in markets outside the U.S. Emerging Markets Fund, International Fund, International Small Cap Fund and International Value Fund generally invested a significant portion, and perhaps as much as substantially all of their total assets, in securities principally traded in markets outside the U.S. Each of the other Funds had the ability to invest, and some did invest, in securities principally traded outside the U.S. The foreign markets in which the Funds invested were sometimes open on days when the NYSE was not open and the Funds did not calculate their NAVs, and sometimes were not open on days when the Funds did calculate their NAVs. Even on days on which both the foreign market and the NYSE were open, several hours may have passed between the time when trading in the foreign market closed and the time as of which the Funds calculated their NAVs. That was generally the case for markets in Europe, Asia, the Middle East, Australia and other Far Eastern markets. The regular closing time of foreign markets in North and South America was generally the same as the closing time of the NYSE and the time as of which the Funds calculated their NAVs.

Securities for which prices were not readily available were valued by Artisan Funds’ valuation committee (the “valuation committee”) at a fair value determined in good faith under procedures established by and under the general supervision of Artisan Funds’ board of directors (the “board of directors”). A price was considered to be not readily available, and a Fund may therefore have used fair value pricing, if, among other things, the valuation committee believed that the price determined did not reflect a fair value of the security or that the value of the security might have been materially affected by events occurring after the close of the market in which the

56

security was principally traded but before the time for determination of NAV (a “subsequent event”). A subsequent event might include a company-specific development (for example, announcement of a merger that is made after the close of the foreign market), a development that might affect an entire market or region (for example, imposition of foreign exchange controls by a foreign government), a potentially global development (such as a terrorist attack that may be expected to have an impact on investor expectations worldwide) or a significant change in values of market indices, exchange traded funds or other financial instruments in the U.S. or other markets. Artisan Funds monitored for subsequent events using several tools, including the use of a third party research service to assist in determining estimates of fair values for foreign securities. That service utilized statistical data based on historical performance of securities, markets and other data in developing factors used to estimate a fair value. An indication by any of those tools of a potential material change in the value of securities resulted in either a meeting of the valuation committee, which considered whether a subsequent event had occurred and whether local market closing prices continued to represent fair values for potentially affected non-U.S. securities, and/or a valuation based on information provided by the third party research service.

When fair value pricing is employed, the value of a portfolio security used by a Fund to calculate its NAV may differ from quoted or published prices for the same security. Estimates of fair values utilized by the Funds as described above may differ from the value realized on the sale of those securities and the differences may have been material to the NAV of the applicable Fund.

Foreign stocks may underperform U.S. stocks, and foreign stocks may be more volatile than U.S. stocks. Risks relating to investments in foreign securities (including, but not limited to, depositary receipts and participation certificates) include: currency exchange rate fluctuation; less available public information about the issuers of securities; less stringent regulatory standards; lack of uniform accounting, auditing and financial reporting standards; and country risks including less liquidity, high inflation rates, unfavorable economic practices, political instability and expropriation and nationalization risks.

The risks of foreign investments typically are greater in emerging and less developed markets. For example, political and economic structures in these less developed countries may be new and changing rapidly, which may cause instability and greater risk of loss. These securities markets may be less developed and securities in those markets are generally more volatile and less liquid than those in developed markets. Emerging market countries also are more likely to experience high levels of inflation, deflation or currency devaluations, which could hurt their economies and securities markets. Certain emerging markets also may face other significant internal or external risks, including a heightened risk of war and ethnic, religious and racial conflicts. In addition, governments in many emerging market countries participate to a significant degree in their economies and securities markets, which may impair investment and economic growth of companies in those markets. High levels of national debt tend to make these markets heavily reliant on foreign capital and, therefore, vulnerable to capital flight.

(C) Fair Value Measurements:

Under United States generally accepted accounting principles for fair value measurement, accounting standards clarify the definition of fair value for financial reporting, establish a framework for measuring fair value and require additional disclosures about the use of fair value measurements. In accordance with this standard, fair value is defined as the price that each Fund would receive upon selling an investment in an orderly transaction to an independent buyer in the principal or most advantageous market of the investment. The standard establishes a three-tier hierarchy to distinguish between (1) inputs that reflect the assumptions market participants would use in pricing an asset or liability developed based on the market data obtained from sources independent of the reporting entity (observable inputs) and (2) inputs that reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing an asset or liability developed based on the best information available in the circumstances (unobservable inputs) and to establish classification of fair value measurements for disclosure purposes. Various inputs are used in determining the value of the Funds’ investments. The three-tier hierarchy of inputs is summarized in three broad levels:

• Level 1 – quoted prices (unadjusted) in active markets for identical investments

• Level 2 – other significant observable inputs (including but not limited to quoted prices for similar securities, interest rates, credit risks and securities trading primarily outside the U.S. whose value the Fund adjusted as a result of significant market movements following the close of local trading)

• Level 3 – significant unobservable inputs (including the Funds’ own assumptions in determining a fair value of investments)

The inputs or methodology used for valuing securities are not necessarily an indication of the risk or liquidity associated with investing in those securities.

57

The following table summarizes each Fund’s investments by major security type, based on the inputs used to determine their fair values as of December 31, 2013 (in thousands):

Fund	Level 1 - Quoted Prices		Level 2 -  Other Significant Observable Inputs			Level 3 -  Significant Unobservable Inputs		Total
Emerging Markets
Common Stocks(1)
Developed Markets	$	28,348	$	6,907		$	—	$	35,255
Emerging Asia		232,137		136,561			288		368,986
Europe, Middle East & Africa		78,906		24,512			—		103,418
Latin America		31,620		76,079			—		107,699
Preferred Stocks(1)
Emerging Asia		—		3,794			—		3,794
Latin America		—		5,760			—		5,760
Convertible Debentures(1)
Latin America		—		3			—		3
Repurchase Agreement		—		25,814			—		25,814
Total Investments		371,011		279,430			288		650,729
Foreign Currency Forward Contracts(2)		—		(7	)		—		(7	)
Total	$	371,011	$	279,423		$	288	$	650,722
Global Equity
Common Stocks(1)
Americas	$	72,565	$	—		$	—	$	72,565
Emerging Markets		27,826		10,874			—		38,700
Europe		25,284		24,482			—		49,766
Pacific Basin		9,442		3,775			—		13,217
Preferred Stocks(1)
Europe		7		—			—		7
Equity-Linked Securities(1)
Emerging Markets		—		2,710			—		2,710
Repurchase Agreement		—		4,260			—		4,260
Total Investments	$	135,124	$	46,101		$	—	$	181,225
Global Opportunities
Common Stocks(1)
Americas	$	492,003	$	—		$	—	$	492,003
Emerging Markets		71,463		12,523			—		83,986
Europe		111,846		61,154			—		173,000
Pacific Basin		34,570		51,254			—		85,824
Repurchase Agreement		—		39,512			—		39,512
Total Investments		709,882		164,443			—		874,325
Foreign Currency Forward Contracts(2)		—		1,522			—		1,522
Total	$	709,882	$	165,965		$	—	$	875,847
Global Small Cap
Common Stocks(1)
Americas	$	6,350	$	—		$	—	$	6,350
Emerging Markets		11,760		1,767			—		13,527

58

Europe		9,363		9,924		—		19,287
Middle East		1,394		—		—		1,394
Pacific Basin		6,494		1,077		—		7,571
Equity-Linked Securities(1)
Emerging Markets		—		2,120		—		2,120
Repurchase Agreement		—		4,689		—		4,689
Total Investments	$	35,361	$	19,577	$	—	$	54,938
Global Value
Common Stocks(1)
Americas	$	775,332	$	—	$	—	$	775,332
Emerging Markets		2,253		29,996		—		32,249
Europe		377,804		116,503		—		494,307
Pacific Basin		—		28,496		—		28,496
Repurchase Agreement		—		184,750		—		184,750
Total Investments		1,155,389		359,745		—		1,515,134
Foreign Currency Forward Contracts(2)		—		1,632		—		1,632
Total	$	1,155,389	$	361,377	$	—	$	1,516,766
International
Common Stocks(1)
Americas	$	855,913	$	—	$	—	$	855,913
Emerging Markets		1,596,353		145,900		—		1,742,253
Europe		5,313,017		3,917,558		—		9,230,575
Pacific Basin		721,321		1,824,711		—		2,546,032
Preferred Stocks(1)
Europe		2,383		217,526		—		219,909
Equity-Linked Securities(1)
Europe		—		75,639		—		75,639
Repurchase Agreement		—		399,821		—		399,821
Total Investments	$	8,488,987	$	6,581,155	$	—	$	15,070,142
International Small Cap
Common Stocks(1)
Americas	$	48,743	$	—	$	—	$	48,743
Emerging Markets		256,638		111,733		—		368,371
Europe		348,675		217,360		—		566,035
Pacific Basin		82,151		31,016		—		113,167
Repurchase Agreement		—		91,217		—		91,217
Total Investments	$	736,207	$	451,326	$	—	$	1,187,533
International Value
Common Stocks(1)
Americas	$	2,071,396	$	—	$	—	$	2,071,396
Emerging Markets		313,342		373,873		—		687,215
Europe		4,726,677		1,514,022		—		6,240,699
Pacific Basin		—		798,078		—		798,078
Preferred Stocks(1)

59

Emerging Markets		—		20,359		—		20,359
Repurchase Agreement		—		1,324,697		—		1,324,697
Total Investments		7,111,415		4,031,029		—		11,142,444
Foreign Currency Forward Contracts(2)		—		45,019		—		45,019
Total	$	7,111,415	$	4,076,048	$	—	$	11,187,463
Mid Cap
Common Stocks(1)	$	9,333,348	$	—	$	—	$	9,333,348
Repurchase Agreement		—		413,373		—		413,373
Total Investments	$	9,333,348	$	413,373	$	—	$	9,746,721
Mid Cap Value
Common Stocks(1)	$	10,777,062	$	—	$	—	$	10,777,062
Repurchase Agreement		—		1,204,636		—		1,204,636
Total Investments	$	10,777,062	$	1,204,636	$	—	$	11,981,698
Small Cap
Common Stocks(1)	$	1,634,758	$	—	$	—	$	1,634,758
Repurchase Agreement		—		94,427		—		94,427
Total Investments	$	1,634,758	$	94,427	$	—	$	1,729,185
Small Cap Value
Common Stocks(1)	$	2,625,360	$	—	$	—	$	2,625,360
Repurchase Agreement		—		267,078		—		267,078
Total Investments	$	2,625,360	$	267,078	$	—	$	2,892,438
Value
Common Stocks(1)	$	1,268,057	$	—	$	—	$	1,268,057
Preferred Stocks(1)		—		81,535		—		81,535
Repurchase Agreement		—		108,505		—		108,505
Total Investments	$	1,268,057	$	190,040	$	—	$	1,458,097

⁽¹⁾  See the Fund’s Schedule of Investments for sector or country classifications.

⁽²⁾  Derivative instruments are valued at unrealized appreciation (depreciation).

Transfers between investment levels may occur as the markets fluctuate and/or the availability of data used in an investment’s valuation changes. The Funds recognize transfers between the levels as of the end of the period. At December 31, 2013 the fair value of certain securities was determined based on other observable inputs, such as quoted prices for securities of the same issuer that trade on a different exchange, which resulted in their Level 2 classification. The following table summarizes security transfers from Level 2 to Level 1 and from Level 1 to Level 2 for each applicable Fund as of December 31, 2013 (in thousands):

	Transfers from Level 2 to Level 1		Transfers from Level 1 to Level 2
Emerging Markets	$	—	$	228,170
Global Equity		—		31,432
Global Opportunities		—		121,646
Global Small Cap		—		8,863
Global Value		—		168,145
International		—		5,919,889
International Small Cap		—		337,682
International Value		130,156		2,646,782
Value		—		81,535

60

At September 30, 2013, two equity securities held in Emerging Markets Fund were classified as Level 3 due to halts in trading. As of December 31, 2013, those securities were still held by the Fund and continued to be classified as Level 3 due to trading halts. Due to the lack of observable market data for these securities, fair market values were determined in good faith by the valuation committee using various inputs, including unobservable inputs of discounts for illiquidity and uncertainty of 90%. Increasing or decreasing the discounts for illiquidity and uncertainty would decrease or increase the calculated fair market value for these prices, respectively. As of December 31, 2013, the reconciliation of assets in which significant unobservable inputs (Level 3) were used in determining fair value, is as follows (in thousands):

	Emerging Markets  Fund(1)
Balance as of September 30, 2013	$	288
Transfers into Level 3		—
Net change in unrealized appreciation (depreciation) for investments held as of December 31, 2013		—
Realized gain (loss)		—
Purchases		—
Sales		—
Transfers out of Level 3		—
Balance as of December 31, 2013	$	288

⁽¹⁾  Both Level 3 securities in Emerging Markets Fund were equity securities with a regional classification of Emerging Asia.

(D) Repurchase agreements:

Each Fund may enter into repurchase agreements with institutions that the Adviser determined were creditworthy pursuant to criteria adopted by the board of directors. Repurchase agreements were recorded at cost plus accrued interest and were collateralized in an amount greater than or equal to the repurchase price plus accrued interest. Collateral (in the form of U.S. government securities) was held by the Funds’ custodian and in the event of default on the obligation of the counterparty to repurchase, the Funds had the right to liquidate the collateral and apply the proceeds in satisfaction of the obligation. If the proceeds from any sale of such collateral were less than the repurchase price, the Fund would have suffered a loss.

(E) Depositary receipts:

Each Fund may invest in depositary receipts. Depositary receipts are typically issued by a financial institution (a “depositary”), evidencing ownership interests in a security issued by an issuer and deposited with the depositary.

(F) Foreign currency translation:

Values of foreign investments, open foreign currency forward contracts, payables for capital gains taxes, payables and receivables for securities transactions, dividend and reclaim receivables, other receivables and payables, and cash denominated in a foreign currency were translated into U.S. dollars using a spot market rate of exchange as of the time of determination of each Fund’s NAV on the day of valuation. Purchases and sales of investments and dividend and interest income were translated into U.S. dollars using the current spot market rate of exchange on the date of such transactions.

The Funds may enter into (a) foreign currency spot contracts and (b) foreign currency forward contracts. Foreign currency spot contracts are used to facilitate the purchase and sale of non-U.S. securities and generally settle within three business days. Foreign currency forward contracts are used to hedge against foreign currency exchange rate risks on non-U.S. dollar denominated investment securities. The Funds could be exposed to loss if the counterparties fail to perform under these contracts. Open foreign currency spot contracts and foreign currency forward contracts, if any, were recorded at market value.

As of December 31, 2013, Emerging Markets, Global Opportunities, Global Value and International Value had outstanding foreign currency forward contracts, as shown on the Schedules of Investments. Foreign currency spot contracts are not separately disclosed in the Schedules of Investments.

(G) Equity-linked participation certificates:

Emerging Markets Fund, Global Equity Fund, Global Opportunities Fund, Global Small Cap Fund, Global Value Fund, International Fund, International Small Cap Fund, International Value Fund and Value Fund may invest in equity-linked participation certificates. Equity-linked participation certificates are designed to provide synthetic exposure to one or more underlying securities. An investment in an equity-linked participation certificate typically entitles the holder to a return equal to the market return of the underlying security or securities. There is no off-balance sheet risk associated with equity-linked participation certificates and the Funds’ potential loss is limited to the purchase price of the securities. The Funds are exposed to credit risk associated with the counterparty to the transaction, which is monitored by the Adviser on a periodic basis.

61

(H) Information for Federal income tax purposes:

For Federal income tax purposes, the cost of investments, gross unrealized appreciation, gross unrealized depreciation and net unrealized appreciation (depreciation) on investments as of December 31, 2013 were as follows (in thousands):

Fund	Cost of Investments		Gross Unrealized Appreciation		Gross Unrealized Depreciation			Net Unrealized Appreciation (Depreciation) on Investments
Emerging Markets	$	665,720	$	92,120	$	(107,111	)	$	(14,991	)
Global Equity		160,305		25,590		(4,670	)		20,920
Global Opportunities		691,368		193,676		(10,719	)		182,957
Global Small Cap		48,753		6,705		(520	)		6,185
Global Value		1,287,829		228,506		(1,201	)		227,305
International		11,177,491		3,941,251		(48,600	)		3,892,651
International Small Cap		840,942		378,775		(32,184	)		346,591
International Value		8,206,760		2,955,003		(19,319	)		2,935,684
Mid Cap		5,900,314		3,850,463		(4,056	)		3,846,407
Mid Cap Value		8,736,215		3,441,876		(196,393	)		3,245,483
Small Cap		1,182,439		557,882		(11,136	)		546,746
Small Cap Value		2,200,380		764,805		(72,747	)		692,058
Value		1,243,191		235,292		(20,386	)		214,906

The difference between cost of investments for financial reporting and cost of investments for Federal income tax purposes was due primarily to timing differences in recognizing certain gains and losses on security transactions (e.g., wash sale loss deferrals and passive foreign investment company transactions).

(I) Transactions in securities of affiliates:

The table below shows information about securities of the Funds’ “affiliates” (as defined below) that were held by the Funds, purchased or sold by the Funds, or from which dividends were received by the Funds during the period ended December 31, 2013 (dollar values in thousands). The Funds identify a company as an affiliate for the purpose of this report if one or more of the Funds owned, in the aggregate, voting securities that it believed represented 5% or more of that company’s outstanding voting securities (as defined by the 1940 Act ) during the period ended December 31, 2013.

		As of 9/30/13										As of 12/31/13
Fund	Security	Share Balance		Purchase Cost		Sales Cost		Net Realized Gain (Loss)		Dividend Income@		Share Balance		Value
Global Value
	Arch Capital Group Ltd.		645,320	$	7,691	$	—	$	—	$	—		778,284	$	46,456
	Total#			$	7,691	$	—	$	—	$	—			$	46,456
International
	NGK Insulators Ltd.†		13,578,677	$	54,916	$	—	$	—	$	—		16,763,677	$	319,395
	Total#			$	54,916	$	—	$	—	$	—			$	319,395
International Value
	Alent plc		17,387,295	$	1,980	$	—	$	—	$	—		17,751,579	$	104,355
	Arch Capital Group Ltd.		5,768,633		4,880		—		—		—		5,852,812		349,354
	Carpetright plc†		2,764,443		18,845		—		—		—		4,922,799		41,004
	Panalpina Welttransport Holding AG		1,669,654		2,341		18,909		4,483		—		1,529,151		256,894
	QinetiQ Group plc§		55,999,571		1,850		65,308		34,198		—		25,330,974		91,025

62

	Stanley Electric Co., Ltd.	9,759,300		4,604		—		—			79	9,963,800		228,340
	Vesuvius plc	18,827,331		3,039		—		—			—	19,221,786		162,335
	Total#		$	37,539	$	84,217	$	38,681		$	79		$	1,142,282
Mid Cap
	athenahealth, Inc.§	1,482,981	$	28,770	$	21,517	$	15,773		$	—	1,448,377	$	194,807
	Cepheid, Inc.	3,719,402		2,901		1,142		49			—	3,759,916		175,663
	CommVault Systems, Inc.†	597,441		84,577		1,267		(83	)		—	1,683,566		126,065
	FLIR Systems, Inc.	3,598,959		1,259		32,889		2,425			219	2,433,173		73,238
	IPG Photonics Corp.§	2,228,158		2,486		27,718		1,816			—	1,861,924		144,504
	Isis Pharmaceuticals, Inc.	4,726,216		2,767		1,327		(87	)		—	4,772,485		190,136
	Total#		$	122,760	$	85,860	$	19,893		$	219		$	565,102
Mid Cap Value
	Arch Capital Group Ltd.	3,963,486	$	6,362	$	—	$	—		$	—	4,071,498	$	243,028
	Arrow Electronics, Inc.	5,482,961		8,088		—		—			—	5,632,407		305,558
	Avnet, Inc.	7,204,079		8,453		—		—			1,094	7,400,428		326,433
	FLIR Systems, Inc.	8,224,522		6,664		—		—			740	8,448,611		254,303
	Hatteras Financial Corp.	7,493,455		3,521		—		—			3,793	7,703,517		125,875
	Ingram Micro, Inc., Class A	9,307,460		1,406		10,091		2,380			—	8,833,983		207,245
	Lexmark International, Inc., Class A	3,344,312		2,823		—		—			1,014	3,422,382		121,563
	McDermott International, Inc.	13,830,400		3,236		—		—			—	14,207,306		130,139
	Patterson-UTI Energy, Inc.	8,617,874		5,938		—		—			436	8,852,730		224,151
	Ryder System, Inc.	1,770,323		3,421		—		—			602	1,818,535		134,171
	Total#		$	49,912	$	10,091	$	2,380		$	7,679		$	2,072,466
Small Cap
	athenahealth, Inc.§	361,200	$	10,889	$	7,524	$	1,909		$	—	384,600	$	51,729
	Cepheid, Inc.	1,071,300		1,308		—		—			—	1,101,187		51,448
	CommVault Systems, Inc.†	661,400		1,468		—		—			—	681,219		51,010
	IPG Photonics Corp.§	426,300		421		4,096		494			—	369,684		28,691
	Isis Pharmaceuticals, Inc.	1,326,300		3,009		—		—			—	1,413,339		56,307
	Ultratech, Inc.	356,600		1,444		—		—			—	411,386		11,930
	Total#		$	18,539	$	11,620	$	2,403		$	—		$	170,695
Small Cap Value
	ADTRAN, Inc.†	2,877,150	$	2,103	$	2,130	$	(195	)	$	266	2,888,115	$	78,008
	Arrow Electronics, Inc.	961,450		949		730		46			—	965,863		52,398
	CRA International, Inc.	602,200		116		100		(11	)		—	604,281		11,965
	EarthLink, Inc.	5,406,400		1,170		723		(307	)		281	5,547,040		28,123
	Hatteras Financial Corp.	1,706,900		1,121		762		(313	)		871	1,743,062		28,482
	Hawaiian Holdings, Inc.§	2,625,450		109		6,096		2,564			—	1,594,133		15,352
	Lexmark International, Inc., Class A	587,350		664		44		(1	)		181	605,149		21,495
	McDermott International, Inc.†	—		645		—		—			—	90,146		826
	Nanometrics, Inc.	1,286,750		443		47		1			—	1,309,873		24,953
	Orion Marine Group, Inc.	1,371,750		438		486		(30	)		—	1,369,151		16,471
	PICO Holdings, Inc.	1,150,450		1,068		520		(101	)		—	1,176,598		27,191
	Ryder System, Inc.	1,286,750		2,220		2,017		363			450	1,290,272		95,196
	Ultratech, Inc.	1,651,500		7,151		827		(43	)		—	1,905,794		55,268
	Total#		$	18,197	$	14,482	$	1,973		$	2,049		$	440,376
Value
	Arch Capital Group Ltd.	510,519	$	256	$	572	$	26		$	—	504,680	$	30,125
	Avnet, Inc.	714,180		243		593		(23	)		108	706,007		31,142
	Total#		$	499	$	1,165	$	3		$	108		$	61,267

63

@ Net of foreign taxes withheld, if any.

# Total value as of December 31, 2013 is presented for only those issuers that were affiliates as of December 31, 2013.

§ Issuer was no longer an affiliate as of December 31, 2013.

† Issuer was not an affiliate as of September 30, 2013.

64

Item 2. Controls and Procedures.

(a) The registrant’s principal executive and principal financial officers have concluded, based on an evaluation of the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended, the “Disclosure Controls”) as of a date within 90 days prior to the filing date (the “Filing Date”) of this Form N-Q (the “Report”), that the Disclosure Controls are effectively designed to provide reasonable assurance that the information required to be disclosed by the registrant in the Report is recorded, processed, summarized and reported by the Filing Date, including ensuring that information required to be disclosed in the Report is accumulated and communicated to the registrant’s management, including the registrant’s principal executive officer and principal financial officer, as appropriate, to allow timely decisions regarding required disclosure.

(b) There were no changes in the registrant’s internal controls over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940, as amended) that occurred during the registrant’s most recent fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.

Item 3. Exhibits.

(a) Certifications pursuant to Rule 30a-2(a) under the Investment Company Act of 1940, as amended (17 CFR 270.30a-2), are attached hereto as Exhibits (a)(1) and (a)(2).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Artisan Partners Funds, Inc.

By:	/s/  Eric R. Colson
	Eric R. Colson
	Principal Executive Officer
Date:	February 28, 2014

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By:	/s/  Eric R. Colson
	Eric R. Colson
	Principal Executive Officer
Date:	February 28, 2014
By:	/s/  Gregory K. Ramirez
	Gregory K. Ramirez
	Principal Financial Officer
Date:	February 28, 2014