Carillon Tower Advisers, an investment management company, released its “Carillon Eagle Mid Cap Growth Fund” third quarter 2023 investor letter. A copy of the same can be downloaded here. After a robust first half of the year, the S&P 500 Index declined 3.3% in the third quarter, leaving the market up 13.1% through the first nine months of 2023. On a relative basis, this year has not been good for the fund’s investment strategy. In addition, you can check the top 5 holdings of the fund to know its best picks in 2023.
Carillon Eagle Mid Cap Growth Fund highlighted stocks like TE Connectivity Ltd. (NYSE:TEL) in the third quarter 2023 investor letter. Based in Schaffhausen, Switzerland, TE Connectivity Ltd. (NYSE:TEL) is a connectivity and sensor solutions manufacturer. On December 4, 2023, TE Connectivity Ltd. (NYSE:TEL) stock closed at $131.00 per share. One-month return of TE Connectivity Ltd. (NYSE:TEL) was 4.77%, and its shares gained 8.42% of their value over the last 52 weeks. TE Connectivity Ltd. (NYSE:TEL) has a market capitalization of $40.712 billion.
Carillon Eagle Mid Cap Growth Fund made the following comment about TE Connectivity Ltd. (NYSE:TEL) in its Q3 2023 investor letter:
“TE Connectivity Ltd. (NYSE:TEL) traded lower, along with other automotive suppliers, due to media speculation surrounding the United Auto Workers strike. Major U.S. original equipment manufacturers (OEMs) could temporarily shut down production if an agreement is not reached soon.”
A technician assembling a sensor on an automated assembly line.
TE Connectivity Ltd. (NYSE:TEL) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 46 hedge fund portfolios held TE Connectivity Ltd. (NYSE:TEL) at the end of third quarter which was 37 in the previous quarter.
We discussed TE Connectivity Ltd. (NYSE:TEL) in another article and shared Madison Investors Fund’s views on the company. In addition, please check out our hedge fund investor letters Q3 2023 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.