Times Square Capital Management, an equity investment management company, has released its “U.S. Focused Growth Strategy” fourth quarter investor letter. You can download a copy of the same here. After a period of stagnation, global stock markets ended 2023 with the highest quarterly returns of the year. In the fourth quarter, the strategy returned 14.87% (gross) and 14.59% (net), compared to the Russell Midcap Growth Index’s return of 14.55%. Plus, check out the fund’s top 5 holdings to find out the best stocks for 2023.
Times Square Capital Management’s US Focus Growth Strategy Q4 2023 Investor Letter featured stocks such as Veeva Systems Inc. (NYSE:VEEV). Veeva Systems Inc. (NYSE:VEEV), headquartered in Pleasanton, California, is a cloud-based software provider for the life sciences industry. On April 2, 2024, Veeva Systems Inc. (NYSE: VEEV) stock closed at $216.41 per share. His 1-month return for Veeva Systems Inc. (NYSE: VEEV) is -3.63%, and the company’s stock has increased his 20.18% in value over the past 52 weeks. Veeva Systems Inc. (NYSE:VEEV) has a market capitalization of $34.911 billion.
Times Square Capital Management US Focus Growth Strategy says this about Veeva Systems Inc. (NYSE:VEEV) in its Q4 2023 investor letter:
“New additions to our portfolio this quarter are: Viva Systems Co., Ltd. (NYSE:VEEV) is a provider of cloud-based software for the life sciences industry. The company’s customer relationship management solutions enable pharmaceutical and life sciences companies to improve the productivity and compliance of their sales and marketing functions. We used short-term weakness as an entry point. ”
A team of IT professionals monitors the network of computers that manage medical content and communications.
Veeva Systems Inc. (NYSE:VEEV) isn’t on the list of 30 most popular stocks among hedge funds. Our database shows that Veeva Systems Inc. (NYSE:VEEV) was held by 48 hedge fund portfolios at the end of the fourth quarter, compared to 41 in the prior quarter.
We talked about Veeva Systems Inc. (NYSE:VEEV) in a separate article and shared a list of the largest software companies in the United States. Additionally, for investor letters from hedge funds and other leading investors, please visit our Hedge Fund Investor Letters Q4 2023 page.
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Disclosure: None. This article was originally published on Insider Monkey.
