Here’s Why Carillon Tower Advisers Disposed its Twitter (TWTR) Position

Carillon Tower Advisers, an investment management firm, published its fourth quarter 2020 “Carillon Eagle Mid Cap Growth Fund” investor letter – a copy of which can be downloaded here. In the letter, the fund talked about their best and worst securities, together with their outlook for this year from an investment perspective. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.

Carillon Tower Advisers, in their Q4 2020 investor letter, mentioned Twitter, Inc. (NYSE: TWTR) and emphasized their views on the company. Twitter, Inc. is a San Francisco, California-based social network company that currently has a $49.5 billion market capitalization. Since the beginning of the year, TWTR delivered a 14.61% return, impressively extending its 12-month gains to 138.97%. As of March 24, 2021, the stock closed at $62.06 per share.

Here is what Carillon Tower Advisers has to say about Twitter, Inc. in their Q4 2020 investor letter:

“With Twitter’s most recent earnings update, the firm reported a material slowdown in user engagement growth. This development ultimately left us concerned about the overall growth of revenues and earnings potential in 2021, leading us to sell the stock.”

Twitter Inc (NYSE:TWTR), logo, sign, symbol, building, wall,

Anthony Correia /

Our calculations show that Twitter, Inc. (NYSE: TWTR) does not belong in our list of the 30 Most Popular Stocks Among Hedge Funds. As of the end of the fourth quarter of 2020, Twitter, Inc. was in 78 hedge fund portfolios, compared to 75 funds in the third quarter. TWTR delivered a 14.29% return in the past 3 months.