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 SVB Financial Group (NASDAQ:SIVB) in the Q3 2022 investor letter. Headquartered in Santa Clara, California, SVB Financial Group (NASDAQ:SIVB) is a financial services company. On December 30, 2022, SVB Financial Group (NASDAQ:SIVB) stock closed at $230.14 per share. One-month return of SVB Financial Group (NASDAQ:SIVB) was 2.32%, and its shares lost 66.07% of their value over the last 52 weeks. SVB Financial Group (NASDAQ:SIVB) has a market capitalization of $13.602 billion.
Carillon Tower Advisers made the following comment about SVB Financial Group (NASDAQ:SIVB) in its Q3 2022 investor letter:
“SVB Financial Group (NASDAQ:SIVB), formerly known as Silicon Valley Bank, fell as sentiment around technology stocks and new initial public offerings faltered as interest rates rose. Given that initial public offerings of technology stocks have nearly ground to a halt, we think the bad news is well-known. SVB remains very well-capitalized to weather the downturn.”
World Economic Recession of Oil and Gas Industrial Sector From Coronavirus Covid-19, Global Stock Investment Downturn of Fuel Energy Oil/Gas Industry. Corona Virus Epidemic Crisis, Financial Economy
SVB Financial Group (NASDAQ:SIVB) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 28 hedge fund portfolios held SVB Financial Group (NASDAQ:SIVB) at the end of the third quarter, which was 31 in the previous quarter.
We discussed SVB Financial Group (NASDAQ:SIVB) in another article and shared the top 25 regional bank stocks in the U.S. 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.