The strategy took a new position in the $44.38 billion uranium supplier as hedge fund ownership declined in Q1 2026.
TimesSquare Capital’s U.S. Mid Cap Growth Strategy disclosed a new stake in Cameco Corp. (CCJ) during Q1 2026, citing the company’s role as a low-cost uranium supplier to global utilities. The stock closed at $101.86 on June 30, 2026, valuing the company at $44.38 billion.
Cameco shares fell 11.09% over the prior month but surged 42.14% in the last 52 weeks. Hedge fund ownership dropped to 73 portfolios at quarter-end from 82 in the previous period, according to filings.
The strategy highlighted Cameco’s ownership of large uranium mines and contracts across 16 countries, positioning it as a play on energy commodity cycles.