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Meridian Funds, managed by ArrowMark Partners, released its “Meridian Growth Fund” second-quarter 2025 investor letter. A copy of the letter can be downloaded here. U.S. equity markets made a significant rebound during the quarter, increasing 23% from intra-period lows to close at record highs. Against this backdrop, the fund returned 4.10% (net) compared to the Russell 2500 Growth Index’s 11.31% return. In addition, please check the fund’s top five holdings to know its best picks in 2025.
In its second-quarter 2025 investor letter, Meridian Growth Fund highlighted stocks such as Curtiss-Wright Corporation (NYSE:CW). Curtiss-Wright Corporation (NYSE:CW) is an industrial company that provides engineered products, solutions, and services mainly to aerospace and defense, commercial power, process, and industrial markets worldwide. The one-month return of Curtiss-Wright Corporation (NYSE:CW) was 1.81%, and its shares gained 64.85% of their value over the last 52 weeks. On August 11, 2025, Curtiss-Wright Corporation (NYSE:CW) stock closed at $489.47 per share, with a market capitalization of $18.442 billion.
Meridian Growth Fund stated the following regarding Curtiss-Wright Corporation (NYSE:CW) in its second quarter 2025 investor letter:
“Curtiss-Wright Corporation (NYSE:CW) is a diversified industrial company operating through three segments: Aerospace & Industrial, Defense Electronics, and Naval & Power. The company serves attractive end-markets and continues to gain share through its operational strength, management acumen, and innovation. The stock performed well after management reported better-than-expected earnings while raising guidance. With a solid order pipeline, consistent execution, and favorable long-term demand drivers, our outlook for the company remains positive, and we trimmed the position during the period as the share price appreciated based on our valuation discipline.”
An assembly line of industrial vehicles, showcasing the company’s technological prowess.
Curtiss-Wright Corporation (NYSE:CW) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 46 hedge fund portfolios held Curtiss-Wright Corporation (NYSE:CW) at the end of the first quarter, compared to 50 in the previous quarter. While we acknowledge the potential of Curtiss-Wright Corporation (NYSE:CW) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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