Carillon Tower Advisers, an investment management company, released its “Carillon Eagle Mid Cap Growth Fund” first quarter 2024 investor letter. A copy of the letter can be downloaded here. Mid-cap stocks demonstrated strength carried over from the end of last year, delivering robust returns during the first quarter. Among the style indexes, the Russell Midcap Growth Index outperformed the Russell Midcap Value Index by a modest margin, with growth up 9.49% and value up 8.23%. All sectors in the Russell Midcap Growth Index delivered positive gains during the quarter. In addition, you can check the top 5 holdings of the fund to know its best picks in 2023.
Carillon Eagle Mid Cap Growth Fund highlighted stocks like MarketAxess Holdings Inc. (NASDAQ:MKTX), in the first quarter 2024 investor letter. MarketAxess Holdings Inc. (NASDAQ:MKTX) is an electronic trading platform for institutional investors and broker-dealer companies. The one-month return of MarketAxess Holdings Inc. (NASDAQ:MKTX) was -4.17%, and its shares lost 27.74% of their value over the last 52 weeks. On May 29, 2024, MarketAxess Holdings Inc. (NASDAQ:MKTX) stock closed at $200.41 per share with a market capitalization of $7.595 billion.
Carillon Eagle Mid Cap Growth Fund stated the following regarding MarketAxess Holdings Inc. (NASDAQ:MKTX) in its first quarter 2024 investor letter:
“MarketAxess Holdings Inc. (NASDAQ:MKTX) operates an electronic trading platform that allows institutional investors to trade corporate bonds and other forms of fixed-income securities. Shares lagged during the quarter due to the benign credit environment weighing down on the company’s ability to gain market share. Consequently, forward earnings estimates have been revised downward. We have sold the stock.”
A trader in a busy trading room, surrounded by real-time market data and automated execution services.
MarketAxess Holdings Inc. (NASDAQ:MKTX) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 30 hedge fund portfolios held MarketAxess Holdings Inc. (NASDAQ:MKTX) at the end of the first quarter which was 27 in the previous quarter. MarketAxess Holdings Inc. (NASDAQ:MKTX) delivered revenue of $210 million in the first quarter, up 4% from the prior year.
In another article, we discussed MarketAxess Holdings Inc. (NASDAQ:MKTX) and shared Artisan Small Cap Fund’s views on the company. In addition, please check out our hedge fund investor letters Q1 2024 page for more investor letters from hedge funds and other leading investors.
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Disclosure: None. This article is originally published at Insider Monkey.
