TimesSquare Capital Management, LLC

Long Only Manager • Growth

TimesSquare Capital Management, LLC is a Long Only Manager specializing in Growth based in New York, NY led by Grant Richard Babyak, reporting $8.2B in AUM as of Q3 2025 with EME as the largest holding (2% allocation).

CEOGrant Richard Babyak

Portfolio Value: $7.0B
Positions: 158
Top Holding: EME at 2.44%
Last Reported: Q3 2025

Address520 Madison Avenue, 21st Floor, New York, NY, 10022, United States

Top Holdings

Largest long holdings in TimesSquare Capital Management, LLC's portfolio (18.3% of total portfolio)

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GthenH

Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 EMCOR Group EME	Engineering & Construction Industrials	$171.6M	2.44%	-$10.6M Sold	0.59% 264.2K shares	≤ Q2 2013 Held for 12y 5m+
2 Cencora COR	Medical - Distribution Healthcare	$138.6M	1.97%	-$7.0M Sold	— 443.6K shares	Q4 2022 Held for 2y 11m
3 JFrog Ltd. FROG	Software - Application Technology	$137.1M	1.95%	-$23.9M Sold	2.48% 2.9M shares	Q3 2020 Held for 5y 2m
4 Monolithic Power Systems MPWR	Semiconductors Technology	$129.8M	1.85%	-$6.3M Sold	0.29% 141.0K shares	Q2 2018 Held for 7y 5m
5 Veeva Systems VEEV	Medical - Healthcare Information Services Healthcare	$129.0M	1.83%	-$5.9M Sold	0.26% 433.0K shares	Q2 2022 Held for 3y 5m
6 Idexx Laboratories IDXX	Medical - Diagnostics & Research Healthcare	$123.3M	1.75%	-$5.3M Sold	0.24% 192.9K shares	Q2 2022 Held for 3y 5m
7 CyberArk Software CYBR	Software - Infrastructure Technology	$121.8M	1.73%	-$25.7M Sold	0.50% 252.2K shares	Q3 2019 Held for 6y 2m
8 Cheniere Energy LNG	Oil & Gas Midstream Energy	$115.2M	1.64%	-$5.3M Sold	0.22% 490.3K shares	Q4 2021 Held for 3y 11m
9 Karman Holdings Inc. KRMN	Unknown Unknown	$111.7M	1.59%	+$87.5M Bought	1.17% 1.5M shares	Q1 2025 Held for 8 months
10 HubSpot HUBS	Software - Application Technology	$107.8M	1.53%	-$4.3M Sold	0.44% 230.4K shares	Q1 2020 Held for 5y 8m

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in TimesSquare Capital Management, LLC's latest filing

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Market Value

$7.0B

Prior: $7.0B

Q/Q Change

+1.2%

+$83.1M

Net Flows % of MV

-4.44%

Turnover Ratio

14.48%

New Purchases

17 stocks

$411.1M

Added To

47 stocks

+$494.1M

Sold Out Of

10 stocks

$256.2M

Reduced Holdings

89 stocks

-$961.3M

Increased Positions

Position	Shares Δ	Change
1 NRG Energy NRG	New	0 → 471.8K +$76.4M
2 NTSK Netskope, Inc. Class A Common Stock NTSK	New	0 → 2.7M +$61.8M
3 Norwegian Cruise Line Holdings Ltd. NCLH	New	0 → 2.0M +$48.5M
4 Piper Sandler PIPR	New	0 → 82.9K +$28.8M
5 Snowflake SNOW	New	0 → 112.5K +$25.4M

Decreased Positions

Position	Shares Δ	Change
1 Inspire Medical Systems INSP	Sold	499.2K → 0 −$64.8M
2 RPM International RPM	Sold	453.6K → 0 −$49.8M
3 The AZEK Company AZEK	Sold	747.1K → 0 −$40.6M
4 Exponent EXPO	Sold	292.5K → 0 −$21.9M
5 FTAI Aviation Ltd. FTAI	Sold	174.1K → 0 −$20.0M

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Analytics

Portfolio insights and performance metrics for TimesSquare Capital Management, LLC

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GthenA

Sector Allocation

Technology

25.40%

Industrials

21.90%

Healthcare

13.10%

Consumer Cyclical

8.70%

Financial Services

7.70%

Energy

3.70%

Consumer Defensive

3.20%

Communication Services

2.30%

Utilities

1.40%

Real Estate

1.30%

Basic Materials

0.90%

ETF

0.20%

Market Cap Distribution

Mega Cap (> $200B)

1.00%

Large Cap ($10B - $200B)

55.75%

Mid Cap ($2B - $10B)

34.55%

Small Cap ($300M - $2B)

2.99%

Micro Cap ($50M - $300M)

0.07%

Nano Cap (< $50M)

2.96%

N/A (ETF or Unknown)

2.69%

Portfolio Concentration

Top 10 Holdings %

18.28%

Top 20 Holdings %

32.58%

Top 50 Holdings %

62.04%

Top 100 Holdings %

87.78%