a corporation that manages equity investments published its third-quarter investor letter titled “U.S. Mid Cap Growth Strategy.” You can get a copy of the same document here. The strategy returned -4.11% (net) in the third quarter, outperforming the Russell Midcap Growth Index, which returned -5.22%. Global equity markets suffered a fall in the third quarter, although they have performed well so far this year. To find out the fund’s top selections for 2023, please also review its top five holdings.
In the investor letter for the third quarter of 2023, TimesSquare Capital U.S. Mid Cap Growth Strategy included equities such as Five Below, Inc. (NASDAQ:FIVE). Specialty bargain retailer Five Below, Inc. (NASDAQ:FIVE) is based in Philadelphia, Pennsylvania. The shares of Five Below, Inc. (NASDAQ:FIVE) closed at $194.36 per share on December 15, 2023. Five Below, Inc. (NASDAQ:FIVE) saw a 7.17% one-month return and saw its shares increase in value by 10.80% over the previous 52 weeks. The market capitalization of Five Below, Inc. (NASDAQ:FIVE) is $10.727 billion.
Notably absent from our list of the 30 Most Preferred Stocks Among Hedge Funds is Five Below, Inc. (NASDAQ:FIVE). Thirty hedge fund portfolios owned Five Below, Inc. (NASDAQ:FIVE) at the end of the third quarter, compared to thirty-seven the previous quarter, according to our database.
In a previous post, we talked about Five Below, Inc. (NASDAQ:FIVE) and presented ClearBridge Mid Cap Growth Strategy’s opinions about the business. For other investor letters from hedge funds and other top investors, please visit our website including hedge fund investor letters Q3 2023.