TimesSquare Capital Management, an equity investment management company, released its “U.S. Mid Cap Growth Strategy” second-quarter 2025 investor letter. A copy of the letter can be downloaded here. During the quarter, the fund returned 13.13% (gross) and 12.91% (net), compared to the Russell Midcap® Growth Index’s 18.20% return. Equities recorded double-digit returns in the second quarter as global economic activity measures lifted. In addition, please check the fund’s top five holdings to know its best picks in 2025.
In its second-quarter 2025 investor letter, TimesSquare Capital U.S. Mid Cap Growth Strategy highlighted stocks such as Curtiss-Wright Corporation (NYSE:CW). Curtiss-Wright Corporation (NYSE:CW) is an industrial company that provides engineered products, solutions, and services mainly to aerospace and defense, commercial power, process, and industrial markets worldwide. The one-month return of Curtiss-Wright Corporation (NYSE:CW) was 10.02%, and its shares gained 57.51% of their value over the last 52 weeks. On September 29, 2025, Curtiss-Wright Corporation (NYSE:CW) stock closed at $530.68 per share, with a market capitalization of $19.995 billion.
TimesSquare Capital U.S. Mid Cap Growth Strategy stated the following regarding Curtiss-Wright Corporation (NYSE:CW) in its second quarter 2025 investor letter:
“Another boost came from Curtiss-Wright Corporation (NYSE:CW), which designs and manufactures mission-critical pumps, valves, actuators, controls and embedded computing for aerospace, defense, industrial and power companies. It reported results higher than anticipated across all major metrics, and management boosted its recent guidance for 2025. Sales were especially strong with Defense Electronic (primarily specialized computing boards in helicopters) and Nuclear (civilian reactor maintenance and next generation development). Curtiss-Wright has mitigation plans in place for potential tariffs and continues to improve its margins with operational enhancements. As its shares gained 54%, we trimmed our holdings.”
Curtiss-Wright Corporation (NYSE:CW) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 60 hedge fund portfolios held Curtiss-Wright Corporation (NYSE:CW) at the end of the second quarter, which was 46 in the previous quarter. Curtiss-Wright Corporation (NYSE:CW) reported sales of $877 million in the second quarter of 2025, representing an increase of 12% year- over-year and with 9% organic growth. While we acknowledge the potential of Curtiss-Wright Corporation (NYSE:CW) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
