TimesSquare Capital Management, an equity investment management company, released its “U.S. Mid Cap Growth Strategy” first-quarter 2026 investor letter. A copy of the letter can be downloaded here. The Strategy fell 7.72% (net) in the quarter compared to -6.35% for the Russell Midcap Growth Index. In the first quarter, markets navigated geopolitical tensions and economic resilience alongside temporary global tariffs. High oil prices and supply chain disruptions followed U.S. and Israeli involvement in Iran, prompting a shift to safer assets and a reevaluation of supply chains and energy dependencies. Central banks maintained steady policies despite energy-driven inflation. In this environment, the Strategy remains focused on disciplined management teams with durable competitive advantages. Please review the Strategy’s top five holdings to gain insights into their key selections for 2026.
In its first-quarter 2026 investor letter, TimesSquare Capital U.S. Mid Cap Growth Strategy highlighted stocks like Curtiss-Wright Corporation (NYSE:CW). Curtiss-Wright Corporation (NYSE:CW) is a leading engineering and manufacturing company serving aerospace and defense, commercial nuclear power, process, and industrial markets. On June 30, 2026, Curtiss-Wright Corporation (NYSE:CW) closed at $757.83 per share. One-month return of Curtiss-Wright Corporation (NYSE:CW) was 3.25%, and its shares gained 57.98% over the past 52 weeks. Curtiss-Wright Corporation (NYSE:CW) has a market capitalization of $28 billion.
TimesSquare Capital U.S. Mid Cap Growth Strategy stated the following regarding Curtiss-Wright Corporation (NYSE:CW) in its Q1 2026 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. Rising 24% was Curtiss-Wright Corporation (NYSE:CW), a provider of engineered products, solutions, and services to aerospace, defense, commercial nuclear power, and industrial markets. Fourth quarter revenues beat sell-side expectations and that led to higher earnings. Their aerospace and defense business was a highlight, led by ground defense and naval defense.”
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Curtiss-Wright Corporation (NYSE:CW) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 52 hedge fund portfolios held Curtiss-Wright Corporation (NYSE:CW) at the end of the first quarter, compared to 59 in the previous quarter. In Q1 2026, Curtiss-Wright Corporation (NYSE:CW) reported sales of $914 million grew 13% year-over-year. While we acknowledge the risk and potential of Curtiss-Wright Corporation (NYSE:CW) 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 Curtiss-Wright Corporation (NYSE:CW) and that has 10,000% upside potential, check out our report about this cheapest AI stock.
In another article, we covered Curtiss-Wright Corporation (NYSE:CW) and shared the list of aerospace and defense stocks with the largest 5Y share price returns. In addition, please check out our hedge fund investor letters Q1 2026 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.
