Carillon Tower Advisers, an investment management firm, published its “Carillon Eagle Mid Cap Growth Fund” first quarter 2021 investor letter – a copy of which can be downloaded here. Mid-cap stocks as a whole advanced in the first quarter of 2021. However, there was a rather considerable disparity among the two style indexes, as the Russell Midcap® Growth Index (down 0.57%) significantly lagged
its Russell Midcap® Value Index (13.45%) counterpart. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Carillon Tower Advisers, in their Q1 2021 investor letter, mentioned Coherent, Inc. (NASDAQ: COHR), and shared their insights on the company. Coherent, Inc. is a Santa Clara, California-based industrial and fiber laser solutions provider that currently has a $6.2 billion market capitalization. Since the beginning of the year, COHR delivered a 71.30% return, extending its 12-month gains to 101.02%. As of May 03, 2021, the stock closed at $259.54 per share.
Here is what Carillon Tower Advisers has to say about Coherent, Inc. in their Q1 2021 investor letter:
“Coherent is an international company that designs and manufactures a variety of laser-based photonic products, and is also a key equipment supplier in the production of organic light emitting diode (OLED) screens. The firm’s shares saw a sizable gain after it was announced in mid-January that Coherent would be acquired for a notable premium. After a contentious bidding process between two rival firms drove the share price higher with each successive bid, Coherent ultimately agreed to terms in a cash and stock deal.”
Our calculations show that Coherent, Inc. (NASDAQ: COHR) 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, Coherent, Inc. was in 22 hedge fund portfolios, compared to 29 funds in the third quarter. COHR delivered a 33.89% return in the past 3 months.
The top 10 stocks among hedge funds returned 231.2% between 2015 and 2020, and outperformed the S&P 500 Index ETFs by more than 126 percentage points. We know it sounds unbelievable. You have been dismissing our articles about top hedge fund stocks mostly because you were fed biased information by other media outlets about hedge funds’ poor performance. You could have doubled the size of your nest egg by investing in the top hedge fund stocks instead of dumb S&P 500 ETFs. Here you can watch our video about the top 5 hedge fund stocks right now. All of these stocks had positive returns in 2020.
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