Here’s Why Celsius Holdings (CELH) Landed in Carillon Tower’s Top Performers List

Carillon Tower Advisers, an investment management firm, published its “Carillon Eagle Small Cap Growth Fund” second quarter 2022 investor letter – a copy of which can be downloaded here. Small-cap stocks overall posted rather disappointing returns in the second quarter of 2022. In what has become a common theme, the Russell 2000® Growth Index (down 19.26%) significantly lagged its Russell 2000® Value Index (down 15.28%) counterpart and has now trailed in seven consecutive quarters Go over the fund’s top 5 positions to have a glimpse of its finest picks for 2022.

In its Q2 2022 investor letter, Carillon Eagle Small Cap Growth Fund mentioned Celsius Holdings, Inc. (NASDAQ:CELH) and explained its insights for the company. Founded in 2004, Celsius Holdings, Inc. (NASDAQ:CELH) is a Boca Raton, Florida-based drink company with a $6.8 billion market capitalization. Celsius Holdings, Inc. (NASDAQ:CELH) delivered a -32.66% return since the beginning of the year, while its 12-month returns are down by -44.53%. The stock closed at $90.68 per share on September 30, 2022.

Here is what Carillon Eagle Small Cap Growth Fund has to say about Celsius Holdings, Inc. (NASDAQ:CELH) in its Q2 2022 investor letter:

“Celsius develops and sells functional fitness and lifestyle beverages. The stock outperformed, driven by a strong quarterly report that saw both revenues and earnings come in ahead of investor expectations. Also, there is evidence that the industry is beginning to push through price increases at the same time that some input cost pressures, specifically within aluminum cans, have eased slightly.”

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Our calculations show that Celsius Holdings, Inc. (NASDAQ:CELH) fell short and didn’t make it on our list of the 30 Most Popular Stocks Among Hedge Funds. Celsius Holdings, Inc. (NASDAQ:CELH) was in 21 hedge fund portfolios at the end of the second quarter of 2022, compared to 15 funds in the previous quarter. Celsius Holdings, Inc. (NASDAQ:CELH) delivered a -31.04% return in the past 3 months.

In November 2021, we published an article that includes Celsius Holdings, Inc. (NASDAQ:CELH) in 11 Best Food Stocks To Buy Now. You can find other investor letters from hedge funds and prominent investors on our hedge fund investor letters 2022 Q2 page.

Disclosure: None. This article is originally published at Insider Monkey.