Landon Capital

TimesSquare Capital Management, an equity investment management company, released its “U.S. Mid Cap Growth Strategy” fourth-quarter investor letter. A copy of the same can be downloaded here. In the fourth quarter, the strategy returned 4.18% (net), compared to 6.90% for the Russell Midcap Growth Index. For the calendar year, the strategy returned -22.13% (net) compared to the benchmark’s return of -26.72%. Weakness in Consumer Staples, Energy, Health Care, Information Technology, and Real Estate holdings led to the underperformance of the portfolio in the quarter. In addition, please check the fund’s top five holdings to know its best picks in 2022.

TimesSquare U.S. Mid Cap Growth Strategy highlighted stocks like Aptiv PLC (NYSE:APTV) in the Q4 2022 investor letter. Headquartered in Dublin, Ireland, Aptiv PLC (NYSE:APTV) is a vehicle components manufacturer. On March 31, 2023, Aptiv PLC (NYSE:APTV) stock closed at $112.19 per share. One-month return of Aptiv PLC (NYSE:APTV) was -5.28%, and its shares lost 5.51% of their value over the last 52 weeks. Aptiv PLC (NYSE:APTV) has a market capitalization of $30.409 billion.

TimesSquare U.S. Mid Cap Growth Strategy made the following comment about Aptiv PLC (NYSE:APTV) in its Q4 2022 investor letter:

Aptiv PLC (NYSE:APTV), a designer and manufacturer of vehicle components for original equipment manufacturers, rose 19%. Results from the latest quarter were above expectations and management maintained the outlook for revenue growth on bookings strength. Management acknowledged that 2023 could be difficult to forecast due to macroeconomic headwinds.”

Aptiv PLC (NYSE:APTV) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 41 hedge fund portfolios held Aptiv PLC (NYSE:APTV) at the end of the fourth quarter which was 39 in the previous quarter.

We discussed Aptiv PLC (NYSE:APTV) in another article and shared the list of best TaaS stocks to buy. In addition, please check out our hedge fund investor letters Q4 2022 page for more investor letters from hedge funds and other leading investors.

This article is originally published at Insider Monkey.