Scout Investments, an affiliate of Carillon Tower Advisers, an investment management company, released its “Carillon Scout Mid Cap Fund” third quarter 2022 investor letter. A copy of the same can be downloaded here. The fund underperformed in the quarter relative to its benchmark Russell Midcap Index. Inflation and the Fed’s actions impacted the fund’s performance in the quarter. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.
Carillon Tower Advisers highlighted stocks like Ross Stores, Inc. (NASDAQ:ROST) in its Q3 2022 investor letter. Headquartered in Dublin, California, Ross Stores, Inc. (NASDAQ:ROST) is a fashion and apparel retailer. On December 30, 2022, Ross Stores, Inc. (NASDAQ:ROST) stock closed at $116.07 per share. One-month return of Ross Stores, Inc. (NASDAQ:ROST) was -2.46%, and its shares gained 1.57% of their value over the last 52 weeks. Ross Stores, Inc. (NASDAQ:ROST) has a market capitalization of $39.971 billion.
Carillon Tower Advisers made the following comment about Ross Stores, Inc. (NASDAQ:ROST) in its Q3 2022 investor letter:
“Ross Stores, Inc. (NASDAQ:ROST) topped the contribution list as this discount clothing and accessories retailer rebounded from oversold conditions after reporting a weak quarter. Ross continues to follow its deep discount strategy, offering consumers bargains on clothing as it executes a “packaway” inventory strategy, scooping up inventory when its buyers perceive bargains in the marketplace, then passing savings on to customers with low-cost retail locations.”
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Ross Stores, Inc. (NASDAQ:ROST) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 43 hedge fund portfolios held Ross Stores, Inc. (NASDAQ:ROST) at the end of the third quarter, which was 46 in the previous quarter.
We discussed Ross Stores, Inc. (NASDAQ:ROST) in another article and shared best clothing stocks to invest in. In addition, please check out our hedge fund investor letters Q3 2022 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.