Carillon Tower Advisers, an investment management company, released its “Carillon Eagle Small Cap Growth Fund” fourth quarter 2024 investor letter. A copy of the letter can be downloaded here. Small-cap stocks had mixed results in the fourth quarter, failing to match their previous quarter’s rebound. The Russell 2000® Growth Index rose 1.70%, outperforming the Russell 2000® Value Index, which fell 1.07%, ending in negative territory. Small caps had a strong year in 2024, with the Russell 2000 Growth Index rising 15.14%, nearly matching the previous year’s results and outperforming the Russell 2000 Value Index, which increased by 8.04% but saw a decline on an annual basis. In addition, please check the fund’s top five holdings to know its best picks in 2024.
In its fourth quarter 2024 investor letter, Carillon Eagle Small Cap Growth Fund emphasized stocks such as BILL Holdings, Inc. (NYSE:BILL). BILL Holdings, Inc. (NYSE:BILL) provides cloud-based software solutions to simplify, digitize, and automate complex back-office financial operations. The one-month return BILL Holdings, Inc. (NYSE:BILL) was -5.15%, and its shares lost 23.45% of their value over the last 52 weeks. On March 24, 2025, BILL Holdings, Inc. (NYSE:BILL) stock closed at $50.85 per share with a market capitalization of $5.18 billion.
Carillon Eagle Small Cap Growth Fund stated the following regarding BILL Holdings, Inc. (NYSE:BILL) in its Q4 2024 investor letter:
“BILL Holdings, Inc. (NYSE:BILL), a vendor of accounts payable automation software, beat earnings expectations for the quarter and raised guidance. Importantly, management suggested that business had stabilized from prior macroeconomic pressures, including for the small and medium business segment. We remain positive on the company’s opportunity to expand its product set to include tools for managing expenses and financing invoices. We expect investments in selling partnerships to bear fruit in fiscal year 2026.”
A group of finance professionals hard at work in an office, signifying accounts payable and accounts receivable.
BILL Holdings, Inc. (NYSE:BILL) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 64 hedge fund portfolios held BILL Holdings, Inc. (NYSE:BILL) at the end of the fourth quarter which was 49 in the previous quarter. While we acknowledge the potential of BILL Holdings, Inc. (NYSE:BILL) 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 BILL Holdings, Inc. (NYSE:BILL) and shared the list of software stocks those are plunging in 2025. In addition, please check out our hedge fund investor letters Q4 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.