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 Generac Holdings Inc. (NYSE:GNRC) in its Q3 2022 investor letter. Headquartered in Waukesha, Wisconsin, Generac Holdings Inc. (NYSE:GNRC) is a power generation equipment, energy storage systems, and other power product manufacturer and supplier. On December 30, 2022, Generac Holdings Inc. (NYSE:GNRC) stock closed at $100.66 per share. One-month return of Generac Holdings Inc. (NYSE:GNRC) was -0.04%, and its shares lost 71.40% of their value over the last 52 weeks. Generac Holdings Inc. (NYSE:GNRC) has a market capitalization of $6.377 billion.
Carillon Tower Advisers made the following comment about Generac Holdings Inc. (NYSE:GNRC) in its Q3 2022 investor letter:
“Generac Holdings Inc. (NYSE:GNRC), a provider of generators and backup power systems, underperformed as investors worried about a weakening housing market and fewer power outage events this summer. Following a year of robust revenue growth in 2021, the company has experienced growing pains in 2022. After dealing with supply chain challenges earlier in the year to meet demand for home standby generators, channel dealers finally have the inventory they need, but have not been able to find enough workers to do the installations for their customers.”
Generac Holdings Inc. (NYSE:GNRC) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 36 hedge fund portfolios held Generac Holdings Inc. (NYSE:GNRC) at the end of the third quarter which was 34 in the previous quarter.
We discussed Generac Holdings Inc. (NYSE:GNRC) in another article and shared TimesSquare Capital’s views on the company. 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.