Carillon Tower Advisers, an investment management company, released its first-quarter 2026 investor letter for the “Carillon Eagle Growth & Income Fund”. A copy of the letter is available to download here. The first quarter of 2026 was volatile due to market shifts, including increased geopolitical risk and inflation fears from rising energy prices. The S&P declined 4.33%. Early in the quarter, value outperformed growth. Inflation worries impacted financial and tech sectors in the quarter. Despite concerns, economic data and corporate earnings stayed strong. Forward S&P 500 earnings are projected to increase 15% in 2026, with the market trading at a PE ratio below 20x for the first time since 2023. Forecasting the macroeconomy is challenging, but the Fund focuses on financially strong companies with solid earnings growth that succeed in the long term despite macro issues. In addition, please check the Fund’s top five holdings to know its best picks in 2026.
In its first-quarter 2026 investor letter, Carillon Eagle Growth & Income Fund highlighted highlighted Chevron Corporation (NYSE:CVX) as a leading contributor. Chevron Corporation (NYSE:CVX) is a leading integrated energy and chemicals company that operates through Upstream, Downstream, and All Other segments. On May 21, 2026, Chevron Corporation (NYSE:CVX) closed at $191.01 per share. One-month return of Chevron Corporation (NYSE:CVX) was 3.20%, and its shares gained 39.99% over the past 52 weeks. Chevron Corporation (NYSE:CVX) has a market capitalization of $380.42 billion.
Carillon Eagle Growth & Income Fund stated the following regarding Chevron Corporation (NYSE:CVX) in its Q1 2026 investor letter:
“Chevron Corporation (NYSE:CVX) shares contributed to the quarter’s performance due to the war in the Middle East sending commodity prices of crude oil and natural gas, to multi-year highs. We estimate that 10% to 15% of total supply could be removed from the global market for an extended period. Chevron has significant exposure to spot commodity prices and is expected to benefit immediately from a higher price regime in its upstream energy segment. Also, the company is positioned to benefit from improved refining margins. Chevron shares reflect improved earnings and cash flow from this event.”
Chevron Corporation (NYSE:CVX) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 86 hedge fund portfolios held Chevron Corporation (NYSE:CVX) at the end of the fourth quarter, compared to 89 in the previous quarter. While we acknowledge the risk and potential of Chevron Corporation (NYSE:CVX) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than Chevron Corporation (NYSE:CVX) and that has 10,000% upside potential, check out our report about this cheapest AI stock.
In another article, we covered Chevron Corporation (NYSE:CVX) and shared Louis Navellier’s top long-term stock picks. In addition, please check out our hedge fund investor letters Q1 2026 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.
