TimesSquare Capital Management, an equity investment management company, released its “U.S. Focus Growth Strategy” fourth-quarter 2025 investor letter. A copy of the letter can be downloaded here. The strategy returned -3.55% (gross) and -3.76% (net) in the fourth quarter compared to a -3.70% return for the Russell Midcap Growth Index. In 2025, the strategy returned 14.84% (gross) and 13.88% (net) compared to 8.66% for the index. Global equity markets ended the quarter on a positive note, with Europe leading, followed by Emerging Markets. In most markets, large caps outperformed small caps. The trade truce between the United States and China was prolonged for an additional year, but global geopolitical concerns, whether related to tariffs or not, persisted. Third-quarter GDP exceeded expectations, but consumer caution persists due to ongoing labor-market softening, influencing the Fed’s decision on interest rate cuts. Please review the Strategy’s top five holdings to gain insights into their key selections for 2025.
In its fourth-quarter 2025 investor letter, TimesSquare Capital U.S. Focus Growth Strategy highlighted TPG Inc. (NASDAQ:TPG). TPG Inc. (NASDAQ:TPG) is a US-based alternative asset management company. On March 19, 2026, TPG Inc. (NASDAQ:TPG) stock closed at $41.11 per share. One-month return of TPG Inc. (NASDAQ:TPG) was -7.64%, and its shares lost 17.78% over the past 52 weeks. TPG Inc. (NASDAQ:TPG) has a market capitalization of $15.839 billion.
TimesSquare Capital U.S. Focus Growth Strategy stated the following regarding TPG Inc. (NASDAQ:TPG) in its fourth quarter 2025 investor letter:
“In the Financials sector, we tend to avoid banks facing credit deterioration or rising deposit costs, preferring asset managers, specialized insurance companies, or financial technology providers. Alternative asset manager TPG Inc. (NASDAQ:TPG) highlighted stronger-than-expected fundraising in the third quarter. The company continues to see healthy LP demand for its flagship Private Equity strategies while building momentum in cross-selling Credit strategies and showing early success in the Wealth channel.”
TPG Inc. (NASDAQ:TPG) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 57 hedge fund portfolios held TPG Inc. (NASDAQ:TPG) at the end of the fourth quarter, up from 56 in the previous quarter. While we acknowledge the risk and potential of TPG Inc. (NASDAQ:TPG) 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 TPG Inc. (NASDAQ:TPG) and that has 10,000% upside potential, check out our report about this cheapest AI stock.
In another article, we covered TPG Inc. (NASDAQ:TPG) and shared the list of best financial stocks with the highest upside potential. In addition, please check out our hedge fund investor letters Q4 2025 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.
