Carillon Tower Advisers: “POOL Continues to See Strong Demand”

Carillon Tower Advisers, an investment management firm, published its “Carillon Eagle Mid Cap Growth Fund” first quarter 2022 investor letter – a copy of which can be downloaded here. Mid-cap stocks overall posted solid gains in the final quarter of 2021. As was the case for the majority of the year, the Russell Midcap® Growth Index (up 2.85%) lagged behind its Russell Midcap® Value Index (up 8.54%) counterpart.  Try to spend some time taking a look at the fund’s top 5 holdings to be informed about their best picks for 2022.

In its Q1 2022 investor letter, Carillon Eagle Mid Cap Growth Fund mentioned Pool Corporation (NASDAQ:POOL) and explained its insights for the company. Founded in 1993, Pool Corporation (NASDAQ:POOL) is a Covington, Louisiana-based swimming pool supplies, equipment, and related leisure products distributor with a $14.1 billion market capitalization. Pool Corporation (NASDAQ:POOL) delivered a -37.62% return since the beginning of the year, while its 12-month returns are down by -24.08%. The stock closed at $353.08 per share on June 28, 2022.

Here is what Carillon Eagle Mid Cap Growth Fund has to say about Pool Corporation (NASDAQ:POOL) in its Q1 2022 investor letter:

“Pool (NASDAQ:POOL) is the world’s largest wholesale distributor of swimming pool supplies, equipment, and related leisure products. After an impressive run, the shares cooled off a bit as investors took some profits on stocks that were perceived to have benefitted from the pandemic. Despite this, the firm continues to see strong demand and remains well positioned to capitalize on a number of firmly established secular trends. Migration trends toward the Sunbelt as well as the desire consumers have shown to invest in their outdoor living and entertainment spaces have resulted in healthy fundamentals for the pool industry going forward.”

Our calculations show that Pool Corporation (NASDAQ:POOL) fell short and didn’t make it on our list of the 30 Most Popular Stocks Among Hedge Funds. Pool Corporation (NASDAQ:POOL) was in 42 hedge fund portfolios at the end of the first quarter of 2022, compared to 38 funds in the previous quarter. Pool Corporation (NASDAQ:POOL) delivered a -22.31% return in the past 3 months.

In March 2022, we also shared another hedge fund’s views on Pool Corporation (NASDAQ:POOL) in another article. You can find other investor letters from hedge funds and prominent investors on our hedge fund investor letters 2022 Q1 page.

Disclosure: None. This article is originally published at Insider Monkey.