TimesSquare U.S. Focus Growth Strategy Exited RenaissanceRe Holdings Ltd. (RNR) After a Mixed Quarter

Core Viewpoint - TimesSquare Capital Management's "U.S. Focus Growth Strategy" reported positive returns across major asset classes in Q3 2025, with the strategy achieving a gross return of 4.00% and a net return of 3.78%, outperforming the Russell Midcap Growth Index's return of 2.78% [1]. Group 1: Performance Overview - In Q3 2025, all major asset classes posted positive returns except for fixed income assets outside the US [1]. - The strategy's gross return was 4.00% and net return was 3.78% [1]. Group 2: Focus on RenaissanceRe Holdings Ltd. - RenaissanceRe Holdings Ltd. (NYSE:RNR) is highlighted as a key stock, with a one-month return of 3.52% and a 52-week gain of 4.52% [2]. - As of December 12, 2025, RenaissanceRe's stock closed at $272.41 per share, with a market capitalization of $12.821 billion [2]. - The company is categorized under the Financials sector, with a preference for asset managers and specialized insurance companies over traditional banks facing credit deterioration [3]. Group 3: Hedge Fund Interest - RenaissanceRe Holdings Ltd. was held by 37 hedge fund portfolios at the end of Q3 2025, an increase from 33 in the previous quarter [4]. - Despite its potential, the company is not among the 30 most popular stocks among hedge funds, with some analysts suggesting that certain AI stocks may offer greater upside potential [4].