TimesSquare Capital Management released its “U.S. Small Cap Growth Strategy” second-quarter 2025 investor letter, showing a return of 11.28% (gross) and 11.02% (net) compared to the Russell 2000 Growth Index by 11.97%. Equities performed well due to global economic activity measures lifting. Check the fund’s top five holdings for 2025 picks.

Onto Innovation Inc. (NYSE:ONTO) highlighted in TimesSquare Capital’s second-quarter 2025 investor letter, with a one-month return of 2.14%. Shares lost 41.42% over the last 52 weeks, closing at $110.98 per share on September 12, 2025, with a market cap of $5.44 billion.

TimesSquare Capital U.S. Focus Growth Strategy’s second-quarter 2025 investor letter discussed Onto Innovation Inc. (NYSE:ONTO), praising its high-performance control metrology, defect inspection, and data analysis systems used by microelectronic device manufacturers. The stock faced a -16% share price drop due to second-quarter projections falling short.

Onto Innovation Inc. (NYSE:ONTO) did not make the list of 30 Most Popular Stocks Among Hedge Funds. However, 37 hedge fund portfolios held the stock at the end of the second quarter, up from 31 in the previous quarter. The company reported a strong second quarter with revenue of $253.6 million, a 5% year-over-year increase.

Read more at Yahoo Finance: Onto Innovation (ONTO) Declined as Projections Fell Short of Expectations