Here’s Why MarketAxess Holdings (MKTX) Outperformed in Q1

Carillon Tower Advisers, an investment management company, released its “Carillon Eagle Mid Cap Growth Fund” first quarter 2023 investor letter. A copy of the same can be downloaded here. In the first quarter, the mid-cap stocks posted gains after trailing in the previous quarter. Information Technology, Consumer Discretionary, and Industrials were the solid contributors to the fund in the quarter while, energy and utilities detracted from performance. In addition, you can check the top 5 holdings of the fund to know its best picks in 2023.

Carillon Eagle Mid Cap Growth Fund highlighted stocks like MarketAxess Holdings Inc. (NASDAQ:MKTX) in the first quarter 2023 investor letter. Headquartered in New York, New York, MarketAxess Holdings Inc. (NASDAQ:MKTX) is an electronic trading platform provider. On May 16, 2023, MarketAxess Holdings Inc. (NASDAQ:MKTX) stock closed at $291.46 per share. One-month return of MarketAxess Holdings Inc. (NASDAQ:MKTX) was -13.21%, and its shares gained 16.50% of their value over the last 52 weeks. MarketAxess Holdings Inc. (NASDAQ:MKTX) has a market capitalization of $10.979 billion.

Carillon Eagle Mid Cap Growth Fund made the following comment about MarketAxess Holdings Inc. (NASDAQ:MKTX) in its Q1 2023 investor letter:

“MarketAxess Holdings Inc. (NASDAQ:MKTX) operates an electronic trading platform that allows institutional investors the ability to trade corporate bonds and other fixed income securities. The stock performed well as the fundamental backdrop for the business continued to improve. Fixed income volatility is driving an increase in trading volumes. At the same time, MarketAxess’ average pricing is moving higher for the first time in several quarters.”

MarketAxess Holdings Inc. (NASDAQ:MKTX) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 22 hedge fund portfolios held MarketAxess Holdings Inc. (NASDAQ:MKTX) at the end of the fourth quarter which was 32 in the previous quarter.

We discussed MarketAxess Holdings Inc. (NASDAQ:MKTX) in another article and shared Baron Asset Fund’s views on the company. In addition, please check out our hedge fund investor letters Q1 2023 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.