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 Live Nation Entertainment, Inc. (NYSE:LYV). Live Nation Entertainment, Inc. (NYSE:LYV) is a live entertainment company that operates through Concerts, Ticketing, and Sponsorship & Advertising segments. On July 1, 2026, Live Nation Entertainment, Inc. (NYSE:LYV) closed at $183.98 per share, reflecting a market capitalization of $42.81 billion. Live Nation Entertainment, Inc. (NYSE:LYV) posted a one-month return of 14.27%, while its shares gained 23.25% over the past 52 weeks.
TimesSquare Capital U.S. Mid Cap Growth Strategy stated the following regarding Live Nation Entertainment, Inc. (NYSE:LYV) in its Q1 2026 investor letter:
“For the Communication Services sector, we prefer to invest in media and services companies that are either well placed from an advertising perspective for their target audience or that provide differentiated services. New to the sector this quarter was Live Nation Entertainment, Inc. (NYSE:LYV), which operates as a live entertainment company worldwide. Its business comprises the Concerts, Ticketing, and Sponsorship & Advertising segments. Importantly, the company reached a settlement with the Department of Justice in March to resolve an antitrust lawsuit. By doing so, artists will have flexibility in choosing their promoters and ticketing strategy, with the goal of keeping concert costs more affordable for fans.”
Live Nation Entertainment, Inc. (NYSE:LYV) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 70 hedge fund portfolios held Live Nation Entertainment, Inc. (NYSE:LYV) at the end of the first quarter, up from 69 in the previous quarter. While we acknowledge the risk and potential of Live Nation Entertainment, Inc. (NYSE:LYV) 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 Live Nation Entertainment, Inc. (NYSE:LYV) and that has 10,000% upside potential, check out our report about this cheapest AI stock.
In another article, we covered Live Nation Entertainment, Inc. (NYSE:LYV) and shared the list of best growth stocks to buy according to billionaire Dan Loeb. 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.
