Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTSoumya EswaranWed, July 1, 2026 at 2:50 PM GMT+2 3 min readTimesSquare Capital Management, an equity investment management company, released its "U.S. Mid Cap Growth Strategy" first-quarter 2026 investor letter. A copy of the letter can be downloaded here. The Strategy fell 7.72% (net) in the quarter compared to -6.35% for the Russell Midcap Growth Index. In the first quarter, markets navigated geopolitical tensions and economic resilience alongside temporary global tariffs. High oil prices and supply chain disruptions followed U.S. and Israeli involvement in Iran, prompting a shift to safer assets and a reevaluation of supply chains and energy dependencies. Central banks maintained steady policies despite energy-driven inflation. In this environment, the Strategy remains focused on disciplined management teams with durable competitive advantages. Please review the Strategy's top five holdings to gain insights into their key selections for 2026.In its first-quarter 2026 investor letter, TimesSquare Capital U.S. Mid Cap Growth Strategy highlighted BJ's Wholesale Club Holdings, Inc. (NYSE:BJ). BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) is a membership warehouse club operator in the eastern half of the United States. On June 30, 2026, BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) closed at $87.22 per share, reflecting a market capitalization of $11.14 billion. BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) posted a one-month return of -2.20%, and its shares lost 20.08% over the past 52 weeks.TimesSquare Capital U.S. Mid Cap Growth Strategy stated the following regarding BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) in its Q1 2026 investor letter:"Our preferences in the Consumer-oriented sectors lean toward value-oriented or specialty retailers, franchise models, premium brands, or support services for other consumer companies. BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) operates membership warehouse clubs in the eastern half of the U.S. Fourth quarter results outpaced the consensus on better same-store sales and higher gross margins from gasoline sales, leading to a 9% rise in the stock price."Why BJ’s Wholesale Club Holdings Inc (BJ) is Surging in 2025BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 35 hedge fund portfolios held BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) at the end of the first quarter, compared to 36 in the previous quarter. While we acknowledge the potential of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.Terms and Privacy PolicyEU DSA contactPrivacy & Cookie SettingsMore Info