TimesSquare Capital Management
TimesSquare AMG International Small Cap Fund
Sep 2026 → Sep 2026
Our archive holds 1 letter from this strategy, behind 1 investment thesis and positions in 11 companies. Every quote below is copied verbatim from the letter it came from.
1 letter in a year · follow all of TimesSquare Capital Management for every strategy.
Performance
as of Sep 30, 2026 · net of fees · USD · Class Z (TCMIX)
- YTD+4.9%index +10.8%
- 1Y+2.9%index +13.7%
- 3Y · /yr+15.1%index +18.2%
- 5Y · /yr+1.8%index +5.8%
- 10Y · /yr+5.0%index +8.1%
- Inception · /yr+6.9%index +8.4%
Index: MSCI EAFE Small Cap (Net)
| YTD | 1Y | 3Yper year | 5Yper year | 10Yper year | Since inceptionper year | |
|---|---|---|---|---|---|---|
| TimesSquare AMG International Small Cap Fund | +4.9% | +2.9% | +15.1% | +1.8% | +5.0% | +6.9% |
| MSCI EAFE Small Cap (Net) | +10.8% | +13.7% | +18.2% | +5.8% | +8.1% | +8.4% |
Since inception: Since Inception (01/02/2013)
Disclaimer
These figures are copied from the manager’s latest letter, as of Sep 30, 2026. They were extracted automatically, have not been verified by HF Best Ideas and may contain errors. They cover a single share class, in the currency and fee basis stated above; other share classes and your own returns will differ. This is not investment advice, nor an offer to buy or sell any fund. Past performance does not predict future returns.
Read full disclosures →What it bought and sold
In July during our reunderwriting of the position, we concluded that growth in its revenues, elusive for a few quarters, was not apparent in the near term.
Sojitz is one of Japan's major sogo shosha (general trading companies), with a diversified global portfolio.
With both a rising rate environment in Japan, and Fukuoka’s exposure to the growth in Kyushu (Japan's "silicon island"), we added to our position throughout the quarter.
Hill & Smith designs, manufactures and supplies infrastructure products and galvanizing services.
We exited the full position during the quarter.
We reduced the position during the quarter and are reconsidering its place in the Fund.
We trimmed the position, though we continue to see Rigaku as one of the globally leading Japanese exporters serving structurally growing end markets that we favor.
We exited the full position during the quarter as the takeover progressed.