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 PJT Partners Inc. (NYSE:PJT). PJT Partners Inc. (NYSE:PJT) is an investment bank that provides advisory-investment solutions. The one-month return PJT Partners Inc. (NYSE:PJT) was -4.50%, and its shares gained 63.87% of their value over the last 52 weeks. On March 24, 2025, PJT Partners Inc. (NYSE:PJT) stock closed at $148.81 per share with a market capitalization of $5.803 billion.
Carillon Eagle Small Cap Growth Fund stated the following regarding PJT Partners Inc. (NYSE:PJT) in its Q4 2024 investor letter:
“PJT Partners Inc. (NYSE:PJT) is a global advisory-focused boutique investment bank. The stock performed well, driven by solid quarterly earnings and an upbeat outlook for 2025. Election results also aided the stock as M&A is expected to pick up under the new administration.”
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PJT Partners Inc. (NYSE:PJT) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 18 hedge fund portfolios held PJT Partners Inc. (NYSE:PJT) at the end of the fourth quarter which was 17 in the previous quarter. In the fourth quarter, PJT Partners Inc. (NYSE:PJT) generated $477 million in revenues, reflecting a 45% year-over-year increase. While we acknowledge the potential of PJT Partners Inc. (NYSE:PJT) 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 PJT Partners Inc. (NYSE:PJT) and shared Carillon Eagle Small Cap Growth Fund’s views on tha company in the previous quarter. 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.