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 Cameco Corporation (NYSE:CCJ) as a new holding. Cameco Corporation (NYSE:CCJ) is a leading uranium-producing company. On June 30, 2026, Cameco Corporation (NYSE:CCJ) closed at $101.86 per share, reflecting a market capitalization of $44.38 billion. Cameco Corporation (NYSE:CCJ) posted a one-month return of -11.09%, while its shares gained 42.14% over the past 52 weeks.
TimesSquare Capital U.S. Mid Cap Growth Strategy stated the following regarding Cameco Corporation (NYSE:CCJ) in its Q1 2026 investor letter:
“We often see the ebb and flow of the Energy sector tied to underlying commodity prices. In this area, we seek low-cost exploration & production companies with high-yielding acreage or specialized service providers. New to the sector this quarter was Cameco Corporation (NYSE:CCJ), which supplies uranium for electricity generation in the Americas, Europe, and Asia. They own and operate some of the largest uranium mines and sell to utility companies across sixteen different countries.”
Cameco Corporation (NYSE:CCJ) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 73 hedge fund portfolios held Cameco Corporation (NYSE:CCJ) at the end of the first quarter, compared to 82 in the previous quarter. While we acknowledge the risk and potential of Cameco Corporation (NYSE:CCJ) 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 Cameco Corporation (NYSE:CCJ) and that has 10,000% upside potential, check out our report about this cheapest AI stock.
In another article, we covered Cameco Corporation (NYSE:CCJ) and shared the list of best AI power grid stocks to buy according to analysts. 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.
