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 BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ). BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) is a membership warehouse club operator in the eastern half of the United States. On June 30, 2026, BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) closed at $87.22 per share, reflecting a market capitalization of $11.14 billion. BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) posted a one-month return of -2.20%, and its shares lost 20.08% over the past 52 weeks.
TimesSquare Capital U.S. Mid Cap Growth Strategy stated the following regarding BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) in its Q1 2026 investor letter:
“Our preferences in the Consumer-oriented sectors lean toward value-oriented or specialty retailers, franchise models, premium brands, or support services for other consumer companies. BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) operates membership warehouse clubs in the eastern half of the U.S. Fourth quarter results outpaced the consensus on better same-store sales and higher gross margins from gasoline sales, leading to a 9% rise in the stock price.”
BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 35 hedge fund portfolios held BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) at the end of the first quarter, compared to 36 in the previous quarter. While we acknowledge the risk and potential of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) 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 BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) and that has 10,000% upside potential, check out our report about this cheapest AI stock.
In another article, we covered BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) and shared the list of stocks Jim Cramer discussed. 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.
