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| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Themes | Quick Take |
|---|---|---|---|---|---|---|---|
Buyside Digest is not affiliated with, and does not endorse, TimesSquare Capital Management U.S. Small Cap Growth Strategy. This analysis is provided for institutional research purposes only and is not investment advice.
"TimesSquare's U.S. Small Cap Growth Composite delivered 11.02% Net in Q2 2025, lagging the index. The manager is actively repositioning by harvesting profits in top performers and adding to durable compounders amidst tariff and legislative changes."
In Q2 2025, the TimesSquare U.S. Small Cap Growth Composite posted solid double-digit returns (11.02% Net) but lagged the Russell 2000 Growth Index benchmark. Markets faced significant economic tremors, particularly from U.S. tariff proposals and the Trump administration's newly passed budget bill. In response, many companies lowered guidance, creating potential opportunities for future outperformance. TimesSquare took advantage of volatility by executing selective entries (such as Chart Industries, Ollie's, and iRhythm), trimming high-flying positions (such as Credo and Kratos), and exiting names with deteriorating fundamentals (such as Vaxcyte and Kulicke & Soffa).
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Algorithmic conviction, macroeconomic posture, and risk appetite signals extracted from this quarterly letter with qualitative explanations.
Market Conviction
High-conviction positioning: TimesSquare's U.S. Small Cap Growth Composite delivered 11.02% Net in Q2 2025, lagging the index. The manager is actively repositioning by harvesting profits in top performers and ...
Growth Outlook
Market outlook remains above average conviction: TimesSquare's U.S. Small Cap Growth Composite delivered 11.02% Net in Q2 2025, lagging the index. The manager is actively repositioning by harvesting profits in top performers and ...
Risk Appetite
Risk appetite posture is moderate conviction: TimesSquare's U.S. Small Cap Growth Composite delivered 11.02% Net in Q2 2025, lagging the index. The manager is actively repositioning by harvesting profits in top performers and ...
Capital Deployment
Manager actively deployed capital into high-conviction opportunities. TimesSquare's U.S. Small Cap Growth Composite delivered 11.02% Net in Q2 2025, lagging the index. The manager is actively repositioning by harvesting profits in top performers and ...
Forward Guidance
Forward guidance signal: TimesSquare's U.S. Small Cap Growth Composite delivered 11.02% Net in Q2 2025, lagging the index. The manager is actively repositioning by harvesting profits in top performers and ...
Language Signal
Tone analysis indicates above average conviction language: TimesSquare's U.S. Small Cap Growth Composite delivered 11.02% Net in Q2 2025, lagging the index. The manager is actively repositioning by harvesting profits in top performers and ...
Perceived Risk
Perceived risk level is evaluated as above average conviction. TimesSquare's U.S. Small Cap Growth Composite delivered 11.02% Net in Q2 2025, lagging the index. The manager is actively repositioning by harvesting profits in top performers and ...
Opportunity Density
Opportunity density index indicates above average conviction actionable entry points. TimesSquare's U.S. Small Cap Growth Composite delivered 11.02% Net in Q2 2025, lagging the index. The manager is actively repositioning by harvesting profits in top performers and ...
Time Horizon
Investment time horizon reflects a high conviction orientation. TimesSquare's U.S. Small Cap Growth Composite delivered 11.02% Net in Q2 2025, lagging the index. The manager is actively repositioning by harvesting profits in top performers and ...
