TimesSquare Capital Management, an equity investment management company, released its “U.S. Focus Growth Strategy” fourth-quarter 2025 investor letter. A copy of the letter can be downloaded here. The strategy returned -3.55% (gross) and -3.76% (net) in the fourth quarter compared to a -3.70% return for the Russell Midcap Growth Index. In 2025, the strategy returned 14.84% (gross) and 13.88% (net) compared to 8.66% for the index. Global equity markets ended the quarter on a positive note, with Europe leading, followed by Emerging Markets. In most markets, large caps outperformed small caps. The trade truce between the United States and China was prolonged for an additional year, but global geopolitical concerns, whether related to tariffs or not, persisted. Third-quarter GDP exceeded expectations, but consumer caution persists due to ongoing labor-market softening, influencing the Fed’s decision on interest rate cuts. Please review the Strategy’s top five holdings to gain insights into their key selections for 2025.
In its fourth-quarter 2025 investor letter, TimesSquare Capital U.S. Focus Growth Strategy highlighted Carpenter Technology Corporation (NYSE:CRS) as one of its leading contributors. Carpenter Technology Corporation (NYSE:CRS) manufactures specialty metals for a diversified set of industries. On March 19, 2026, Carpenter Technology Corporation (NYSE:CRS) stock closed at $401.08 per share. One-month return of Carpenter Technology Corporation (NYSE:CRS) was -2.97%, and its shares gained 105.73% over the past 52 weeks. Carpenter Technology Corporation (NYSE:CRS) has a market capitalization of $19.981 billion.
TimesSquare Capital U.S. Focus Growth Strategy stated the following regarding Carpenter Technology Corporation (NYSE:CRS) in its fourth quarter 2025 investor letter:
“Many of our Industrial positions provide necessary business-to-business operational services, highly technical components, equipment enabling automation & efficiency improvements, or essential infrastructure services. Carpenter Technology Corporation (NYSE:CRS) manufactures, fabricates, and distributes specialty metals. They are a key supplier to the aerospace, defense, medical, transportation, energy, and industrial markets. The combination of strong fiscal first-quarter results and higher-than-expected forward guidance lifted the stock by 29%.”
Carpenter Technology Corporation (NYSE:CRS) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 71 hedge fund portfolios held Carpenter Technology Corporation (NYSE:CRS) at the end of the fourth quarter, up from 67 in the previous quarter. While we acknowledge the risk and potential of Carpenter Technology Corporation (NYSE:CRS) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than Carpenter Technology Corporation (NYSE:CRS) and that has 10,000% upside potential, check out our report about this cheapest AI stock.
In another article, we covered Carpenter Technology Corporation (NYSE:CRS) and shared the list of best 3D printing stocks to buy according to hedge funds. In its Q4 2025 investor letter, Carillon Eagle Mid Cap Growth Fund highlighted its optimistic views on the company. In addition, please check out our hedge fund investor letters Q4 2025 page for more investor letters from hedge funds and other leading investors.
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Disclosure: None. This article is originally published at Insider Monkey.
