Carillon Tower Advisers, an investment management firm, published its fourth quarter 2020 “Carillon Eagle Small 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 Eagle Small Cap Growth Fund, in their Q4 2020 investor letter, mentioned II-VI Incorporated (NASDAQ: IIVI) and emphasized their views on the company. II-VI Incorporated is a Saxonburg, Pennsylvania-based semiconductor manufacturing company that currently has a $7.05 billion market capitalization. Since the beginning of the year, IIVI delivered a -12.05% return, but its 12-month gains are decently up by 123.31%. As of March 24, 2021, the stock closed at $67.26 per share.
Here is what Carillon Eagle Small Cap Growth Fund has to say about II-VI Incorporated in their Q4 2020 investor letter:
“II-VI, otherwise known as “Two-Six,” is a diversified technology company with significant exposure to optical components for
telecommunications infrastructure products used in data centers and next-generation 5G networks. The company provided forward revenue guidance that was better than expected, and investors are excited about a laser component that is used in mobile phones to enable 3D sensing functionality, providing the camera with depth perception.”
Our calculations show that II-VI Incorporated (NASDAQ: IIVI) 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, II-VI Incorporated was in 26 hedge fund portfolios, compared to 24 funds in the third quarter. IIVI delivered a -15.75% return in the past 3 months.