TimesSquare Capital Management, an equity investment management company, released its “U.S. Small Cap Growth Strategy” third-quarter investor letter. A copy of the same can be downloaded here. In the third quarter, the strategy outperformed the Russell 2000 Growth Index and returned 3.28% (net), and the index return was 0.24%. Strength in Industrials, Consumer Staples, Consumer Discretionary, and Information Technology sectors contributed to the strategy’s outperformance in the quarter. In addition, please check the fund’s top five holdings to know its best picks in 2022.
TimesSquare Capital highlighted stocks like Hamilton Lane Incorporated (NASDAQ:HLNE) in its Q3 2022 investor letter. Based in Conshohocken, Pennsylvania, Hamilton Lane Incorporated (NASDAQ:HLNE) is an investment firm. On December 19, 2022, Hamilton Lane Incorporated (NASDAQ:HLNE) stock closed at $65.66 per share. One-month return of Hamilton Lane Incorporated (NASDAQ:HLNE) was -12.18%, and its shares lost 31.90% of their value over the last 52 weeks. Hamilton Lane Incorporated (NASDAQ:HLNE) has a market capitalization of $3.534 billion.
TimesSquare Capital made the following comment about Hamilton Lane Incorporated (NASDAQ:HLNE) in its Q3 2022 investor letter:
“A gyrating market led to price retrenchments among our Financials sector holdings this quarter. That caused an -11% retreat in the shares of Hamilton Lane Incorporated (NASDAQ:HLNE), which provides private markets investment services. There were some market concerns about the challenging distribution environment for private equity firms seeking to monetize their investments, even though that type of activity was not a material influence on Hamilton Lane’s services. Though some investors viewed Hamilton Lane through the same evaluation lens as publicly traded private equity firms, its business is significantly different.”
Investments, Finance
Hamilton Lane Incorporated (NASDAQ:HLNE) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 14 hedge fund portfolios held Hamilton Lane Incorporated (NASDAQ:HLNE) at the end of the third quarter, which was 10 in the previous quarter.
We discussed Hamilton Lane Incorporated (NASDAQ:HLNE) in another article and shared Polen Capital’s views on the company. In addition, please check out our hedge fund investor letters Q3 2022 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.
