Carillon Tower Advisers, an investment management company, released its “Carillon Eagle Growth & Income Fund” fourth quarter 2022 investor letter. A copy of the same can be downloaded here. Following three difficult quarters, the market, as defined by the S&P 500 Index, rebounded well in the fourth quarter, rising 7.6%. For the full year, the market returned -18.1%. The fund delivered positive returns in the quarter. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.
Carillon Eagle Growth & Income Fund highlighted stocks like Broadcom Inc. (NASDAQ:AVGO) in its Q4 2022 investor letter. Headquartered in San Jose, California, Broadcom Inc. (NASDAQ:AVGO) is a semiconductor devices supplier. On March 7, 2023, Broadcom Inc. (NASDAQ:AVGO) stock closed at $625.15 per share. One-month return of Broadcom Inc. (NASDAQ:AVGO) was 3.90%, and its shares gained 4.71% of their value over the last 52 weeks. Broadcom Inc. (NASDAQ:AVGO) has a market capitalization of $260.64 billion.
Carillon Eagle Growth & Income Fund made the following comment about Broadcom Inc. (NASDAQ:AVGO) in its Q4 2022 investor letter:
Broadcom Inc. (NASDAQ:AVGO) outperformed in the fourth quarter, driven by strong quarterly results and a positive outlook for 2023. The company also reiterated its confidence in closing an important acquisition of an enterprise software company by end of its fiscal 2023 year.
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Broadcom Inc. (NASDAQ:AVGO) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 72 hedge fund portfolios held Broadcom Inc. (NASDAQ:AVGO) at the end of the fourth quarter which was 74 in the previous quarter.
We discussed Broadcom Inc. (NASDAQ:AVGO) in another article and shared the list of high growth semiconductor stocks that are profitable. In addition, please check out our hedge fund investor letters Q4 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.