Here’s Why MarketAxess (MKTX) Landed in Carillon Tower’s Detractor List

Carillon Tower Advisers, an investment management firm, released its “Carillon Eagle Mid Cap Growth Fund” second quarter 2023 investor letter, a copy of which can be downloaded here. For the second quarter of 2023, Carillon Eagle Mid Cap Growth Fund reported total net assets of $6.46 billion, and investments in shares of 87 distinct companies. Take a moment to explore the Carillon Eagle Mid Cap Growth Fund’s top 5 holdings for insights into their key investment choices in 2023.

In its Q2 2023 investor letter, Carillon Eagle Mid Cap Growth Fund mentioned MarketAxess Holdings Inc. (NASDAQ:MKTX) and explained its insights for the company. 2000, MarketAxess Holdings Inc. (NASDAQ:MKTX) is a United States-based international financial technology company with a $8.9 billion market capitalization. MarketAxess Holdings Inc. (NASDAQ:MKTX) delivered a -14.36% return since the beginning of the year, while its 12-month returns are down by -4.43%. The stock closed at $238.84 per share on September 01, 2023.

Here is what Carillon Eagle Mid Cap Growth Fund has to say about MarketAxess Holdings Inc. (NASDAQ:MKTX) in its Q2 2023 investor letter:

MarketAxess operates an electronic trading platform that allows institutional investors to trade corporate bonds and other forms of fixedincome securities. The stock underperformed as fixed-income volumes slowed dramatically after the regional banking crisis. This volume slowdown has caused earnings estimates to move lower in the near term.”

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Our calculations show that MarketAxess Holdings Inc. (NASDAQ:MKTX) fell short and didn’t make it on our list of the 30 Most Popular Stocks Among Hedge Funds. MarketAxess Holdings Inc. (NASDAQ:MKTX) was in 28 hedge fund portfolios at the end of the second quarter of 2023, compared to 29 funds in the previous quarter. MarketAxess Holdings Inc. (NASDAQ:MKTX) delivered a -15.16% return in the past 3 months.

We also discussed MarketAxess Holdings Inc. (NASDAQ:MKTX) in another article. You can find other investor letters from hedge funds and prominent investors on our hedge fund investor letters Q2 2023 page.

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Disclosure: None. This article is originally published at Insider Monkey.