Meridian Funds, managed by ArrowMark Partners, released its “Meridian Growth Fund” first quarter 2024 investor letter. Early gains in large caps and tech leaders expanded to include other sectors and smaller companies, especially later in the quarter. Large companies outperformed small ones, gaining 10.3% and 5.2%, respectively. In the first quarter, the fund returned 2.25% (net) lagging behind the benchmark, the Russell 2500 Growth Index’s 8.51% return. In addition, please check the fund’s top five holdings to know its best picks in 2024.
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