Here’s What Lifted Perimeter Solutions (PRM) in Q3

Carillon Tower Advisers, an investment management company, released its “Carillon Eagle Small Cap Growth Fund” third-quarter 2025 investor letter. A copy of the letter can be downloaded here. Equity markets sustained their upward rally from April’s lows, driven by AI acceleration, reduced inflationary impacts from tariffs, and prospects for further interest rate cuts from the U.S. Federal Reserve. Small-cap stocks mirrored the rally by extending the momentum in the quarter. The Russell 2000® Growth Index was up 12.19% in the quarter, modestly underperforming the Russell 2000 Value Index’s 12.60% return. In addition, please check the fund’s top five holdings to know its best picks in 2025.

In its third-quarter 2025 investor letter, Carillon Eagle Small Cap Growth Fund highlighted stocks such as Perimeter Solutions, Inc. (NYSE:PRM). Founded in 1963, Perimeter Solutions, Inc. (NYSE:PRM) manufactures and distributes firefighting products and lubricant additives. The one-month return of Perimeter Solutions, Inc. (NYSE:PRM) was -4.11%, and its shares gained 58.22% of their value over the last 52 weeks. On October 28, 2025, Perimeter Solutions, Inc. (NYSE:PRM) stock closed at $21.47 per share, with a market capitalization of $3.144 billion.

Carillon Eagle Small Cap Growth Fund stated the following regarding Perimeter Solutions, Inc. (NYSE:PRM) in its third quarter 2025 investor letter:

“Perimeter Solutions, Inc. (NYSE:PRM) is a specialized chemical solutions provider to the fire safety and specialty products industries. Shares were propelled higher by an earnings report that highlighted impressive operating execution and notable contributions from recent accretive acquisitions. Perimeter also announced a new multi-year agreement with the largest customer of its fire-retardant business. We believe this showcases a business model that is less cyclical or variable than investors have previously expected. This has provided additional lift to the stock.”

Perimeter Solutions, Inc. (NYSE:PRM) is not on our list of 30 Most Popular Stocks Among Hedge Funds. According to our database, 28 hedge fund portfolios held Perimeter Solutions, Inc. (NYSE:PRM) at the end of the second quarter, compared to from 37 in the previous quarter.  While we acknowledge the risk and potential of Perimeter Solutions, Inc. (NYSE:PRM) 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 Perimeter Solutions, Inc. (NYSE:PRM) and that has 10,000% upside potential, check out our report about this cheapest AI stock.

In addition, please check out our hedge fund investor letters Q3 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.