TimesSquare U.S. Mid Cap Growth

Diversified — Model Account Delivery

Growth With a Conscience

The U.S. Diversified Mid Cap Growth strategy seeks to outperform the Russell Midcap® Growth Index and its peer group in a risk-controlled manner by investing in quality growth companies positioned in the mid cap "sweet spot" of the U.S. equity market.

Our portfolio of 60–80 holdings delivers broad exposure to the mid cap growth opportunity set while moderating single-stock risk, and a strict sell discipline to govern position management. Positions are actively managed within a disciplined framework, with adjustments made as price targets are reached, valuations evolve, fundamentals shift, or more attractive opportunities arise.

Portfolio Managers

The TimesSquare Investment Approach

Seeking Companies With:

Quality management

  • Alignment of interests with shareholders
  • Experience and integrity
  • Meaningful proportion of net worth tied to company

Distinct, sustainable competitive advantage

  • Proprietary products and services
  • Demonstrated franchise value
  • High barriers to entry
  • Relatively few competitors

Strong, consistent growth

  • Both top line and bottom line
  • Strong probability of retaining or widening margins
  • High proportion of recurring revenues
  • Sales to many customers in multiple markets

Strategy Facts

as of 3/31/26

Inception Date

09/30/2000

Firm Assets*

$7.2 B

U.S. Mid Cap Strategy Assets

$4.1 B

Holding (target)

60-80 stocks

Style

Growth

Sub-Style

Quality

Benchmark

Russell Mid Cap® Growth

*Includes Assets Under Management (AUM) and Assets Under Advisory (AUA).

Portfolio & Risk Characteristics – Five Year

as of 3/31/26

U.S. Mid Cap GrowthRussell Mid Cap® Growth
Alpha 1.07-
Beta0.821.00
Information Ratio 0.06-
Sharpe Ratio0.130.09
Active Share 75%-
Market Cap (Wtd. Avg)$35.9 B$38.6 B
12-Month Turnover (%) 34.6%-

Top 10 Holdings

as of 3/31/26

% of Representative Portfolio*
EMCOR3.67
Monolithic Power Sys.3.61
Cencora3.12
Carpenter Technology2.73
Curtiss-Wright2.68
Cheniere Energy2.62
Comfort Systems2.47
Insmed2.33
Interactive Brokers2.30
IDEXX Laboratories2.23
Top 10 Total27.76

Sector Allocation

as of 3/31/26

Representative Portfolio* (%)Russell Mid Cap® Growth (%)
Communication Services2.464.97
Consumer Discretionary10.2121.14
Consumer Staples3.841.67
Energy5.934.11
Financials6.138.51
Health Care13.8314.87
Industrials26.9024.56
Information Technology24.7915.51
Materials1.620.38
Real Estate2.391.38
Utilities1.862.91

*The representative portfolio is an account that reflects the current management style for this strategy. Performance is not a consideration in the selection of the representative portfolio. The characteristics of the representative portfolio may differ from those of other managed accounts and from those of a start-up portfolio. The characteristics relate to the portfolio as of a particular point in time and should not be regarded as predictive.

Performance

as of 3/31/26

No items found.
QTR1-Yr3-Yr*5-Yr*10-Yr*Since Inception*
Composite (Gross)-7.535.4010.075.6912.289.73
Composite (Net)-7.724.569.214.8611.408.87
Russell Mid Cap® Growth-6.359.5612.735.3711.686.89

*Annualized data

Market Environment Analysis

Average Monthly Rolling 5-Year Returns Since Inception (09/2000 –3/2026)

All Market EnvironmentsGrossNet
TSCM MCG12.31%11.44%
Russell Mid Cap® Growth10.45%10.45%
Excess Return1.86%0.98%
# of rolling periods247247
Periods Outperformed206149
Batting Average83%60%
Negative Markets (<0% return)GrossNet
TSCM MCG3.62%2.80%
Russell Mid Cap® Growth-2.58%-2.58%
Excess Return6.20%5.38%
# of rolling periods1111
Periods Outperformed1111
Batting Average100%100%
Normal Markets (0-15% return)GrossNet
TSCM MCG10.79%9.92%
Russell Mid Cap® Growth8.73%8.73%
Excess Return2.06%1.19%
# of rolling periods180180
Periods Outperformed166123
Batting Average92%68%
Speculative Markets (>15%) returnGrossNet
TSCM MCG18.93%18.01%
Russell Mid Cap® Growth18.55%18.55%
Excess Return0.38%-0.54%
# of rolling periods5656
Periods Outperformed2915
Batting Average52%27%

News & Insights

TimesSquare Capital Management, LLC (“TimesSquare”) is an investment adviser registered with the U.S. Securities and Exchange Commission and is majority owned by Affiliated Managers Group, Inc. (NYSE: AMG).

The performance information represented herein is intended for use only by institutional and high-net-worth investors and is not for distribution to a wider audience.

Variations in performance can be attributed to a number of factors, including, but not limited to, cash flows, timing of purchases and sales of portfolio securities, and investment restrictions imposed by account holders. There can be no assurance that the future performance of an individual account will be the same as the performance of any other account, including those represented in the historical record we present.

Performance is measured against the Russell Midcap® Growth – a market capitalization-weighted index that measures the performance of those Russell Midcap® companies with higher price-to-book ratios and higher forecasted growth rates.  All indexes, including the Russell Midcap® Growth Index, are based on gross-of-fee returns. FTSE Russell is the source and owner of the Russell Index data contained or reflected in this material and all trademarks and copyrights related thereto.

The performance figures shown are calculated in U.S. dollars on a size-weighted basis and reflect the reinvestment of dividends and other earnings, and the deduction of brokerage commissions and other transaction costs. Performance is provided on a gross basis (before the deduction of management fees) as well as net of the highest fee level from the standard fee schedule listed for this strategy during the period presented Investment advisory fees generally charged by TimesSquare are described in Part 2A of its Form ADV.

The opinions and information expressed and provided are for general information only and are not intended to provide specific advice or recommendations but rather, a basis from which strategies can be built, taking into account the specific objectives of each portfolio, in terms of return, time horizon, and risk constraints, as well as diverging investment perspectives and assumptions.  All material has been obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed.

Specific investments described herein do not represent all investment decisions made by the strategy. Please do not assume that investment decisions identified and/or discussed were or will be profitable. Specific investment advice references provided herein are for illustrative purposes only and are not necessarily representative of investments that will be made in the future.

Past performance does not guarantee future results. There is risk that invested capital may be lost.