1 month ago
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Soumya Eswaran
Thu, July 30, 2026 astatine 8:19 AM CDT 3 min read
Meridian Funds, managed by ArrowMark Partners, released its second-quarter 2026 capitalist missive for "Meridian Small Cap Growth Fund". A transcript of the missive tin beryllium downloaded here. The U.S. marketplace saw a beardown rally successful the 2nd quarter, fueled by easing geopolitical tensions, falling lipid prices, and robust firm earnings. Growth stocks, particularly successful exertion and healthcare, led the charge, supported by AI-related investments from hyperscalers that added momentum. Meanwhile, accepted harmless havens similar golden declined. In this context, the Meridian Small Cap Growth Fund (the "Fund") achieved a 21.54% instrumentality for the 4th ending June 30, 2026. This lagged down its benchmark, the Russell 2000 Growth Index, which gained 25.71%, owed to origin and benignant headwinds—as high-beta and momentum stocks soared, its lower-volatility, quality-focused holdings underperformed. The Fund continues to prioritize prime businesses, hazard management, and downside protection, with portfolio adjustments driven by strategical allocation alternatively than weaknesses successful idiosyncratic holdings. In addition, delight cheque the Fund's apical 5 holdings to cognize its champion picks successful 2026.
In its Q2 2026 capitalist letter, Meridian Small Cap Growth Fund highlighted Hinge Health, Inc. (NYSE:HNGE). Hinge Health, Inc. (NYSE:HNGE) is simply a healthcare exertion institution that specializes successful musculoskeletal care. On July 29, 2026, Hinge Health, Inc. (NYSE:HNGE) closed astatine $74.06 per share, reflecting a marketplace capitalization of $5.73 billion. Hinge Health, Inc. (NYSE:HNGE) posted a one-month instrumentality of -11.89%, portion its shares gained 64.76% implicit the past 52 weeks.
Meridian Small Cap Growth Fund stated the pursuing regarding Hinge Health, Inc. (NYSE:HNGE) successful its Q2 2026 capitalist update:
"Hinge Health, Inc. (NYSE:HNGE) operates a technology-enabled musculoskeletal attraction level that pairs its wearable Enso instrumentality and AI-driven attraction with entree to clinicians, serving self-insured employers and wellness plans. We ain it for its ascendant presumption and precocious triumph rates successful a large, underpenetrated market, improving per-member economics, and a widening merchandise suite. Shares roseate sharply during the 4th aft a important net bushed and a ample upward revision to full-year guidance, driven by accelerating bookings arsenic clients added much eligible lives and yields improved. Management reinforced the momentum astatine its inaugural capitalist time with caller semipermanent maturation and borderline targets and a beardown aboriginal reception for its caller migraine product, and the banal precocious contempt the market's broader wariness toward integer health."
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