Carillon Tower Advisers, an investment management company, released its “Carillon Eagle Small Cap Growth Fund” third quarter 2023 investor letter. A copy of the same can be downloaded here. In Q3 2023, small-cap stocks posted negative returns after a mostly positive first-half performance. Russell 2000 Growth Index declined 7.32%, significantly underperforming the Russell 2000 Value Index (down 2.97%). In addition, you can check the top 5 holdings of the fund to know its best picks in 2023.
Carillon Eagle Small Cap Growth Fund highlighted stocks like Silicon Laboratories Inc. (NASDAQ:SLAB) in the third quarter 2023 investor letter. Headquartered in Austin, Texas, Silicon Laboratories Inc. (NASDAQ:SLAB) is a semiconductor company that provides various analog-intensive mixed-signal solutions. On October 26, 2023, Silicon Laboratories Inc. (NASDAQ:SLAB) stock closed at $95.72 per share. One-month return of Silicon Laboratories Inc. (NASDAQ:SLAB) was -17.40%, and its shares lost 19.33% of their value over the last 52 weeks. Silicon Laboratories Inc. (NASDAQ:SLAB) has a market capitalization of $3.05 billion.
Carillon Eagle Small Cap Growth Fund made the following comment about Silicon Laboratories Inc. (NASDAQ:SLAB) in its Q3 2023 investor letter:
“Silicon Laboratories Inc. (NASDAQ:SLAB) is a diversified semiconductor company. During the quarter, shares retreated on concerns of a prolonged inventory correction in the semiconductor industry as well as a broader macroeconomic slowdown. We believe the supply cuts and destocking within the semiconductor industry will help bring supply and demand into balance and Silicon Labs will benefit on the other side of the cycle.”
An automated manufacturing production line of semiconductor components on an assembly line. Editorial photo for a financial news article. 8k. –ar 16:9
Silicon Laboratories Inc. (NASDAQ:SLAB) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 21 hedge fund portfolios held Silicon Laboratories Inc. (NASDAQ:SLAB) at the end of second quarter which was 24 in the previous quarter.
We discussed Silicon Laboratories Inc. (NASDAQ:SLAB) in another article and shared Carillon Eagle Small Cap Growth Fund’s views on the company in the previous quarter. In addition, please check out our hedge fund investor letters Q3 2023 page for more investor letters from hedge funds and other leading investors.
Suggested Articles:
- Billionaire David Tepper Doesn’t Like Most Stocks But He Likes These 12
- Duquesne Family Office’s 15 New Stock Picks
- Hedge Fund Manager Louis Bacon’s Top 12 Stock Picks
Disclosure: None. This article is originally published at Insider Monkey.
