Group 1: TimesSquare Capital Management Overview - TimesSquare Capital Management released its "U.S. Mid Cap Growth Strategy" second-quarter 2025 investor letter, reporting a fund return of 13.13% (gross) and 12.91% (net), compared to the Russell Midcap® Growth Index's return of 18.20% [1] - The second quarter saw equities recording double-digit returns as global economic activity measures improved [1] Group 2: Saia, Inc. Performance - Saia, Inc. (NASDAQ:SAIA) reported a one-month return of 0.75% and a 52-week decline of 32.06%, with a closing stock price of $294.65 and a market capitalization of $7.848 billion as of September 29, 2025 [2] - The company experienced disappointing revenues and earnings, with increased volumes in recently acquired markets that lacked attractive profitability, while legacy markets showed flat growth [3] - Saia, Inc. announced revenue of $817 million for the second quarter of 2025, reflecting a 0.7% decrease compared to the same quarter last year [4] Group 3: Hedge Fund Interest and Strategy Reevaluation - Saia, Inc. was held by 41 hedge fund portfolios at the end of the second quarter, an increase from 35 in the previous quarter [4] - TimesSquare Capital is reconsidering Saia's position in its investment strategy due to a 22% decline in shares and concerns over macroeconomic uncertainty affecting future volumes [3]