Artisan Partners Discloses Passive Stake in MakeMyTrip Ltd.

TL;DR

**Artisan Partners just revealed a passive stake in MakeMyTrip, signaling institutional confidence.**

AI Summary

Artisan Partners Limited Partnership, a Milwaukee-based investment firm, filed an SC 13G on February 12, 2024, disclosing its ownership of Ordinary Shares in MakeMyTrip Limited as of December 31, 2023. This filing indicates that Artisan Partners holds a significant, but passive, stake in MakeMyTrip, a transportation services company. For investors, this means a large institutional investor sees value in MakeMyTrip, potentially signaling confidence in the company's future, but Artisan Partners isn't looking to influence management decisions.

Why It Matters

This filing shows a major institutional investor, Artisan Partners, has taken a significant position in MakeMyTrip, which can be a vote of confidence for current and prospective shareholders.

Risk Assessment

Risk Level: low — This filing indicates a passive investment by a large institution, which generally reduces perceived risk due to professional oversight.

Analyst Insight

A smart investor would view this as a positive signal, indicating that a reputable institutional investor sees value in MakeMyTrip, and might consider further research into the company's fundamentals.

Key Players & Entities

• Artisan Partners Limited Partnership (company) — the reporting person and institutional investor
• MakeMyTrip Limited (company) — the subject company whose shares were acquired
• Artisan Partners Asset Management Inc. (company) — a group member of the reporting entity
• Artisan Partners Holdings LP (company) — a group member of the reporting entity
• Artisan Investments GP LLC (company) — a group member of the reporting entity

Forward-Looking Statements

• Artisan Partners will maintain its passive stake in MakeMyTrip Limited for the foreseeable future. (Artisan Partners Limited Partnership) — high confidence, target: 12/31/2024
• MakeMyTrip Limited's stock price will experience a minor positive sentiment bump due to institutional interest. (MakeMyTrip Limited) — medium confidence, target: 03/12/2024

FAQ

Filing Documents

• d757295dsc13g.htm (SC 13G) — 75KB
• d757295dex991.htm (EX-99.1) — 4KB
• g757295dsp_11.jpg (GRAPHIC) — 6KB
• g757295dsp_11a.jpg (GRAPHIC) — 6KB
• 0001193125-24-030941.txt ( ) — 97KB

From the Filing

SC 13G 1 d757295dsc13g.htm SC 13G SC 13G SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G (Rule 13d-102) Information to be Included in Statements Filed Pursuant to Rule 13d-1(b), (c) and (d) and Amendments Thereto Filed Pursuant to Rule 13d-2. Under the Securities Exchange Act of 1934 (Amendment No. )* MakeMyTrip Limited (Name of Issuer) Ordinary Shares (Title of Class of Securities) V5633W109 (CUSIP Number) 12/31/2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: Rule 13d-1(b) Rule 13d-1(c) Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. V5633W109 13G 1 NAME OF REPORTING PERSON Artisan Partners Limited Partnership 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see Instructions) (a)(b) Not Applicable 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER None 6 SHARED VOTING POWER 3,455,196 7 SOLE DISPOSITIVE POWER None 8 SHARED DISPOSITIVE POWER 3,455,196 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,455,196 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see Instructions) Not Applicable 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.2% 12 TYPE OF REPORTING PERSON (see Instructions) IA CUSIP No. V5633W109 13G 1 NAME OF REPORTING PERSON Artisan Investments GP LLC 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see Instructions) (a)(b) Not Applicable 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER None 6 SHARED VOTING POWER 3,455,196 7 SOLE DISPOSITIVE POWER None 8 SHARED DISPOSITIVE POWER 3,455,196 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,455,196 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see Instructions) Not Applicable 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.2% 12 TYPE OF REPORTING PERSON (see Instructions) HC CUSIP No. V5633W109 13G 1 NAME OF REPORTING PERSON Artisan Partners Holdings LP 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see Instructions) (a)(b) Not Applicable 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER None 6 SHARED VOTING POWER 3,455,196 7 SOLE DISPOSITIVE POWER None 8 SHARED DISPOSITIVE POWER 3,455,196 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,455,196 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see Instructions) Not Applicable 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.2% 12 TYPE OF REPORTING PERSON (see Instructions) HC CUSIP No. V5633W109 13G 1 NAME OF REPORTING PERSON Artisan Partners Asset Management Inc. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see Instructions) (a)(b) Not Applicable 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER None 6 SHARED VOTING POWER 3,455,196 7 SOLE DISPOSITIVE POWER None 8 SHARED DISPOSITIVE POWER 3,455,196 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,455,196 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see Instructions) Not Applicable 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.2% 12 TYPE OF REPORTING PERSON (see Instructions) HC Item1(a) Name of Issuer: MakeMyTrip Limited Item1(b) Address of Issuers Principal Executive Offices: 19th Floor, Building No. 5, DLF Cyber City, Gurugram, India, 122002 Item2(a) Name of Person Filing: Artisan Partners Limited Partnership (APLP) Artisan Investments GP LLC (Artisan Investments) Artisan Partners Holdings LP (Artisan Holdings) Artisan Partners Asset Management Inc. (APAM) Item2(b) Address of Principal Business Office: APLP, Artisan Investments, Artisan Holdings, and APAM are all located at: 875 East Wisconsin Avenue, Suite 800 Milwaukee, WI 53202 Item2(c) Citizenship: APLP

View Full Filing

View this SC 13G filing on SEC EDGAR