Meridian Small Cap Growth Fund on Hinge Health, Inc.
Thesis
Meridian owns Hinge Health for its leading position in technology-enabled musculoskeletal care and its high win rates in a large, underpenetrated market. The fund also highlights improving per-member economics and an expanding product suite as important drivers of long-term value. During the quarter, stronger bookings, better yields, a major earnings beat, raised full-year guidance, and positive reception for a new migraine product reinforced the growth thesis.
“We own it for its dominant position and high win rates in a large, underpenetrated market, improving per-member economics, and a widening product suite.”