Meridian Growth Fund’s Q3 2024 Investor Letter

Meridian Funds, managed by ArrowMark Partners, released its “Meridian Growth Fund” third quarter 2024 investor letter. On September 18th, the U.S. Federal Reserve (“Fed”) reduced interest rates by 0.5%, bringing much-needed relief to investors. This crucial action contributed to stabilizing the markets following a volatile August. During the quarter, small-cap stocks outperformed large-cap stocks, achieving gains of 9.3% and 6.1%, respectively, according to the Russell family of indices. In the quarter, the fund returned 6.78% (net) outperforming the benchmark, the Russell 2500 Growth Index’s 6.99% return. In addition, please check the fund’s top five holdings to know its best picks in 2024.

A copy of Meridian Growth Fund’s Q3 2024 investor letter can be downloaded here.