Group 1 - TimesSquare Capital Management's "U.S. Small Cap Growth Strategy" reported a gross return of 11.28% and a net return of 11.02% for Q2 2025, underperforming the Russell 2000 Growth Index which returned 11.97% [1] - The fund's performance was driven by double-digit returns in equities as global economic activity improved [1] - Onto Innovation Inc. (NYSE:ONTO) was highlighted as a key stock, with a one-month return of 2.14% but a significant 41.42% decline over the past 52 weeks, closing at $110.98 per share with a market capitalization of $5.44 billion [2] Group 2 - TimesSquare Capital expressed a preference for critical system providers and specialized component designers within the Information Technology sector, noting Onto Innovation's role in providing high-performance control metrology and inspection systems for microelectronic device manufacturers [3] - Despite Onto Innovation's strong Q2 revenue of $253.6 million, reflecting a 5% year-over-year increase, the company's second-quarter projections fell short, leading to a 16% drop in share price [4] - The number of hedge funds holding Onto Innovation increased from 31 to 37 in the second quarter, indicating growing interest, although it was not among the 30 most popular stocks among hedge funds [4]