Group 1: TimesSquare Capital Management Overview - TimesSquare Capital Management released its "U.S. Small Cap Growth Strategy" second-quarter 2025 investor letter, reporting a fund return of 11.28% (gross) and 11.02% (net) compared to the Russell 2000 Growth Index return of 11.97% [1] - The second quarter saw equities posting double-digit returns as global economic activity measures improved [1] Group 2: Cactus, Inc. (NYSE:WHD) Performance - Cactus, Inc. (NYSE:WHD) had a one-month return of 2.99% but experienced a significant decline of 25.29% over the last 52 weeks, closing at $41.42 per share with a market capitalization of $2.853 billion on September 10, 2025 [2] - Cactus, Inc. reported revenue of $274 million in Q2 2025, reflecting a sequential decline of 2.4% [4] Group 3: Cactus, Inc. Business Insights - The Energy sector's performance is often linked to commodity prices, with Cactus, Inc. focusing on low-cost exploration & production companies and specialized service providers [3] - Cactus, Inc. experienced a 5% decline, despite first-quarter results exceeding consensus due to higher sales in pressure control equipment [3] - The company acquired a majority stake in Surface Pressure Control in June, aiming to accelerate international expansion, while management anticipates further declines in U.S. land activity for the remainder of the year [3] Group 4: Hedge Fund Interest - Cactus, Inc. was held by 29 hedge fund portfolios at the end of Q2 2025, an increase from 23 in the previous quarter, but it is not among the 30 most popular stocks among hedge funds [4]