In Q1 2026, the TimesSquare U.S. Mid Cap Growth Composite (Gross) delivered a -7.53% return, underperforming its benchmark amid geopolitical tensions, economic resilience, and temporary global tariffs after a Supreme Court ruling. Equities hit record highs with low volatility before the Iran conflict, but conditions shifted abruptly.
Key Portfolio Developments
Take-Two Interactive Software Inc. shares dropped 23% on speculation tied to Google’s Project Genie. Management confirmed Grand Theft Auto 6 launches in November as planned.
Cheniere Energy Inc. stock climbed 47% as geopolitical risks and damage to Qatari facilities cut 20% of global liquefied natural gas capacity, tightening supply-demand balances.
EMCOR Group Inc. Guidance Beats Expectations
EMCOR Group Inc. released 2026 guidance above analyst forecasts, riding strong demand for AI-driven data center infrastructure from hyperscalers.
Lattice Semiconductor Corp. Sees Demand Surge
Lattice Semiconductor Corp. executives reported firmer demand trends in the quarter. Q1 guidance exceeded estimates, backed by data center growth.
Firm Overview
TimesSquare Capital Management, a New York-based registered investment adviser, manages assets mainly for institutional clients like corporate pensions, endowments, foundations, public pensions, and Taft-Hartley plans. This fundamental research-driven firm specializes in growth equity for institutions. Senior leaders offer decades of equity portfolio experience, with processes rooted in 1984. Predominantly employee-owned, it aligns client, consultant, and team interests to retain top talent. TimesSquare functions as an independent affiliate of Affiliated Managers Group, Inc. (AMG).
