Carillon Tower Advisers, an investment management company, released its “Carillon Eagle Mid Cap Growth Fund” fourth quarter 2024 investor letter. A copy of the letter can be downloaded here. Mid-cap stocks experienced mixed results in the fourth quarter after reporting positive gains in the previous quarter. The Russell Midcap Growth Index (up 8.14%) outperformed the Russell Midcap Value Index (fell 1.75%) during the quarter. Mid-cap stocks posted solid returns in 2024 similar to 2023. In addition, you can check the fund’s top 5 holdings to determine its best picks for 2024.
Carillon Eagle Mid Cap Growth Fund highlighted stocks like Booz Allen Hamilton Holding Corporation (NYSE:BAH), in the fourth quarter 2024 investor letter. Booz Allen Hamilton Holding Corporation (NYSE:BAH) offers management and technology services to governments, corporations, and not-for-profit organizations. The one-month return of Booz Allen Hamilton Holding Corporation (NYSE:BAH) was 0.16%, and its shares lost 8.43% of their value over the last 52 weeks. On January 28, 2024, Booz Allen Hamilton Holding Corporation (NYSE:BAH) stock closed at $128.91 per share with a market capitalization of $16.471 billion.
Carillon Eagle Mid Cap Growth Fund stated the following regarding Booz Allen Hamilton Holding Corporation (NYSE:BAH) in its Q4 2024 investor letter:
“Booz Allen Hamilton Holding Corporation (NYSE:BAH) is a technology services provider to the defense, intelligence, and civil markets. Booz Allen has benefitted from the long-term adoption and upgrade of the U.S. government’s digital capabilities. However, investors have become concerned that the incoming administration will focus on efficiency and consulting companies like Booz Allen might have a more difficult time winning contracts. We believe that the deep capabilities and the critical nature of the services provided to the U.S. government by Booz Allen cannot be dismissed easily and despite efficiency being an admirable goal, the company remains on a solid footing.”
A technician testing and configuring a digital solution at a lab workstation.
Booz Allen Hamilton Holding Corporation (NYSE:BAH) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 32 hedge fund portfolios held Booz Allen Hamilton Holding Corporation (NYSE:BAH) at the end of the third quarter which was 47 in the previous quarter. While we acknowledge the potential of Booz Allen Hamilton Holding Corporation (NYSE:BAH) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
In another article, we discussed Booz Allen Hamilton Holding Corporation (NYSE:BAH) and shared top AI news updates you should not miss. In addition, please check out our hedge fund investor letters Q3 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.