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 LPL Financial Holdings Inc. (NASDAQ:LPLA). Based in San Diego, California, LPL Financial Holdings Inc. (NASDAQ:LPLA) offers an integrated platform of brokerage and investment advisory services. The one-month return LPL Financial Holdings Inc. (NASDAQ:LPLA) was -4.37%, and its shares gained 31.33% of their value over the last 52 weeks. On March 24, 2025, LPL Financial Holdings Inc. (NASDAQ:LPLA) stock closed at $341.74 per share with a market capitalization of $25.521 billion.
Carillon Eagle Small Cap Growth Fund stated the following regarding LPL Financial Holdings Inc. (NASDAQ:LPLA) in its Q4 2024 investor letter:
“LPL Financial Holdings Inc. (NASDAQ:LPLA) is an independent broker-dealer that offers technology, brokerage, and investment advisory services to financial advisors and financial institutions. The stock performed well due to very strong organic net new business as well as improving cash sweep market dynamics. A higher interest rate environment also benefitted the company.”
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LPL Financial Holdings Inc. (NASDAQ:LPLA) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 65 hedge fund portfolios held LPL Financial Holdings Inc. (NASDAQ:LPLA) at the end of the fourth quarter which was 51 in the previous quarter. While we acknowledge the potential of LPL Financial Holdings Inc. (NASDAQ:LPLA) 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 LPL Financial Holdings Inc. (NASDAQ:LPLA) and shared Diamond Hill Mid Cap Strategy’s views on the company. Baron FinTech Fund increased its position in LPL Financial Holdings Inc. (NASDAQ:LPLA) during Q4 2024. 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.