The Calamos Timpani Small Cap Growth Fund showcased strong performance in the third quarter of 2025, with a notable return of 13.31%, surpassing the Russell 2000. This impressive growth was primarily fueled by strategic investments in companies leveraging emerging technological and market trends, particularly within the artificial intelligence sector.
Several companies significantly contributed to the fund's success. Lumentum emerged as a key player, capitalizing on the rapid expansion of AI infrastructure by achieving record shipments of crucial optical components and introducing innovative products to meet escalating demand. Concurrently, Rush Street Interactive demonstrated resilience by raising its full-year guidance, effectively navigating increased tax pressures across multiple regions, including Illinois, New Jersey, and Colombia. Additionally, Bloom Energy experienced a remarkable 254% surge in its stock value during the quarter, driven by the escalating need for its advanced fuel cell technology to power the energy-intensive operations of AI-focused data centers.
The robust performance of these companies underscores a dynamic market environment where technological innovation and strategic adaptability are crucial for success. These examples highlight how targeted investments in high-growth areas, particularly those linked to artificial intelligence and sustainable energy solutions, can yield substantial returns, showcasing a positive outlook for future market developments and innovative enterprise.