TimesSquare Capital Management, an equity investment management company, released its “U.S. Small Cap Growth Strategy” fourth-quarter investor letter. A copy of the same can be downloaded here. In the quarter the fund returned 9.15% (net), compared to a 12.75% return for the Russell 2000 Growth Index. For the year, the fund returned 15.96% (net) compared to 18.66% for the index. In addition, please check the fund’s top five holdings to know its best picks in 2023.
TimesSquare Capital U.S. Small Cap Growth Strategy featured stocks like Hamilton Lane Incorporated (NASDAQ:HLNE) in its Q4 2023 investor letter. Based in Conshohocken, Pennsylvania, Hamilton Lane Incorporated (NASDAQ:HLNE) is a private equity firm. On March 20, 2024, Hamilton Lane Incorporated (NASDAQ:HLNE) stock closed at $107.96 per share. One-month return of Hamilton Lane Incorporated (NASDAQ:HLNE) was -9.61%, and its shares gained 51.69% of their value over the last 52 weeks. Hamilton Lane Incorporated (NASDAQ:HLNE) has a market capitalization of $6.032 billion.
TimesSquare Capital U.S. Small Cap Growth Strategy stated the following regarding Hamilton Lane Incorporated (NASDAQ:HLNE) in its fourth quarter 2023 investor letter:
“In the Financials sector we tend to avoid banks that face credit deterioration or rising deposit costs, preferring either asset managers or niche insurance companies. One such example was the 26% gain from Hamilton Lane Incorporated (NASDAQ:HLNE). Providing private markets investment services, Hamilton Lane’s recent fundraising has been on track, especially for its new Evergreen products (most private investment funds have finite lifespans). That led to steady growth in the firm’s assets under management and fee-earnings, though we trimmed our position on its strength.”
A financial advisor navigating a stock exchange board with a magnifying glass.
Hamilton Lane Incorporated (NASDAQ:HLNE) is not on our list of 30 Most Popular Stocks Among Hedge Funds. At the end of the fourth quarter, Hamilton Lane Incorporated (NASDAQ:HLNE) was held by 12 hedge fund portfolios, up from 9 in the previous quarter, according to our database.
We discussed Hamilton Lane Incorporated (NASDAQ:HLNE) in another article and shared Polen U.S. Small Company Growth Strategy’s views on the company. In addition, please check out our hedge fund investor letters Q4 2023 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.
