TimesSquare Capital Management
TimesSquare U.S. Focused Mid Cap Growth Strategy
US Mid-cap Growth
Mar 2026 → Sep 2026
Our archive holds 2 letters from this strategy, behind 4 investment theses and positions in 18 companies. Every quote below is copied verbatim from the letter it came from.
2 letters in a year · follow all of TimesSquare Capital Management for every strategy.
Performance
as of Sep 30, 2026 · net of fees · USD
- YTD+18.4%index +1.0%
- 1Y+13.9%index −2.7%
- 3Y · /yr+20.6%index +15.3%
- 5Y · /yr+11.6%index +4.9%
- 10Y · /yr+15.2%index +11.8%
- Inception · /yr+12.8%index +10.0%
Index: Russell Mid Cap Growth
| YTD | 1Y | 3Yper year | 5Yper year | 10Yper year | Since inceptionper year | |
|---|---|---|---|---|---|---|
| TimesSquare U.S. Focused Mid Cap Growth Strategy | +18.4% | +13.9% | +20.6% | +11.6% | +15.2% | +12.8% |
| Russell Mid Cap Growth | +1.0% | −2.7% | +15.3% | +4.9% | +11.8% | +10.0% |
Since inception: Since Inception (09/01/2005)
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
We added to the position during the quarter.
We reduced the position during the quarter.
We initiated the position mid-quarter because we saw unusually long forecasted visibility from semiconductor equipment orders and believed continued growth in high-bandwidth memory should benefit MKSI.
Thus, we sold our position in favor of redeploying portfolio capital where we had greater conviction.
We reduced the position on its price strength.
We exited the position due to the combination of potential AI disruption and the seat-based model's potential challenges.
We decided to liquidate the position.
Its stock price pulled back -7% and we added to the position on weakness.
We trimmed back the position as the stock climbed 10%.
We trimmed the position on strength.
Also held
Its investment theses
- Snowflake Inc.Sep 2026Snowflake Inc. operates a cloud data platform and is benefiting from accelerating product revenue growth and AI-driven demand.
- Carpenter TechnologySep 2026Carpenter Technology manufactures engineered metals for aerospace and specialty markets and had record results with higher guided operating income.
- MKS Inc.Sep 2026MKS Inc. manufactures semiconductor capital equipment subsystems and is supported by strong order visibility and high-bandwidth memory growth.
- Verisk Analytics Inc.Mar 2026Verisk Analytics Inc. sells insurance data and analytics, with a proprietary data moat, regulatory embedding, and a compounding data flywheel.