Carillon Tower Advisers, an investment management company, released its “Carillon Eagle Growth & Income Fund” first quarter 2025 investor letter. A copy of the letter can be downloaded here. The S&P 500 Index ended Q1 down 4.3%, marking a turbulent start to 2025. The volatility that began in February was triggered by factors including policy uncertainties, economic deceleration, and AI investment sustainability concerns. The market’s first intra-quarter drawdown exceeded 10% in 28 months. Adding to the uncertainty, the 10-year U.S. Treasury yield declined from 4.8% to 4.25%, leading to an equity market rotation favoring defensive sectors, quality stocks, and dividend-yielding equities over growth and momentum-driven investments, with top-performing sectors like energy, healthcare, and consumer staples. Moreover, the quarter saw market participation broaden, with index leadership shifting from mega-cap technology companies to a more diverse base of stocks, as evidenced by the S&P 500® Equal Weight Index’s outperformance. Additionally, you can check the fund’s top 5 holdings to determine its best picks for 2025.
In its first-quarter 2025 investor letter, Carillon Eagle Growth & Income Fund highlighted stocks such as Chevron Corporation (NYSE:CVX). Chevron Corporation (NYSE:CVX) engages in integrated energy and chemicals operations that operates through Upstream and Downstream segments. The one-month return of Chevron Corporation (NYSE:CVX) was 0.67%, and its shares lost 13.59% of their value over the last 52 weeks. On May 19, 2025, Chevron Corporation (NYSE:CVX) stock closed at $138.49 per share with a market capitalization of $241.86 billion.
Carillon Eagle Growth & Income Fund stated the following regarding Chevron Corporation (NYSE:CVX) in its Q1 2025 investor letter:
“Chevron Corporation (NYSE:CVX) performed well due to improving commodity prices, particularly natural gas, tied to weather and an improving sentiment following the election around liquefied natural gas (LNG) and power demand prospects. Investors continue to be optimistic regarding capital deployment supported by lower capital expenditures and higher dividend and share repurchases.”
A tanker truck making its way through a refinery facility.
Chevron Corporation (NYSE:CVX) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 81 hedge fund portfolios held Chevron Corporation (NYSE:CVX) at the end of the fourth quarter, compared to 63 in the third quarter. While we acknowledge the potential of Chevron Corporation (NYSE:CVX) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the undervalued AI stock set for massive gains.
In another article, we covered Chevron Corporation (NYSE:CVX) and shared the list of stocks everyone’s talking about as Trump blinks in trade war. In addition, please check out our hedge fund investor letters Q1 2025 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.
