TimesSquare Capital Management
TimesSquare Global Concentrated Small Cap Strategy
Global Small-cap
Mar 2026 → Mar 2026
Our archive holds 1 letter from this strategy and positions in 15 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.
What it bought and sold
We trimmed our holdings in SWCC, whose shares rose 14% on better‑than‑expected results and expanding operating margins across its energy and infrastructure businesses.
During the quarter, we initiated a position in Guardian Pharmacy Services, which operates onsite pharmacies in long‑term care facilities.
With the completion of the Ukujima solar power plant is now in sight, KRAFTIA gained 21% during the quarter and we trimmed our position on this strength.
After we added to our position on price weakness last quarter, the shares rose 10%.
We used this weakness to add to our position.
With negative earnings revisions now in the rear‑view mirror, and upside potential from higher recycling commodity prices, a cyclical volume recovery, and possible M&A activity, we added to our position during the quarter.
We exited our position in Japan’s oldest and largest Internet Service Provider (ISP), Internet Initiative Japan, after the share price declined -17% during the quarter.