Carillon Tower Advisers, an investment management firm, published its “Carillon Scout Mid Cap Fund” first quarter 2022 investor letter – a copy of which can be downloaded here. The portfolio continues to be invested in a balance of companies that should do well in a cyclical recovery as well as in companies it believes to be secular winners, along with some defensive positions to help guard against rising interest rates. Try to take some time looking at the fund’s top 5 holdings to be informed about their best picks for 2022.
In its Q1 2022 investor letter, Carillon Scout Mid Cap Fund mentioned The Mosaic Company (NYSE:MOS) and explained its insights for the company. Founded in 2004, The Mosaic Company (NYSE:MOS) is a Tampa, Florida-based agriculture company with a $16.9 billion market capitalization. The Mosaic Company (NYSE:MOS) delivered a 19.42% return since the beginning of the year, while its 12-month returns are up by 49.24%. The stock closed at $46.92 per share on July 01, 2022.
Here is what Carillon Scout Mid Cap Fund has to say about The Mosaic Company (NYSE:MOS) in its Q1 2022 investor letter:
“Despite a rally near the end of the quarter, major equity indexes closed lower as fear of U.S. Federal Reserve (FED) balance sheet tapering, interest rate hikes, and war in the Ukraine sent the bulls into retreat. Supply chains eased for some goods, but remained challenged for many commodities including energy, agriculture, and fertilizer due to war and general scarcity, and also in many consumer products as semiconductors remained in short supply. Potash and phosphate fertilizer producer Mosaic (NYSE:MOS) performed strongly as war exacerbated already short supplies of key oil and gas exploration.”
Our calculations show that The Mosaic Company (NYSE:MOS) fell short and didn’t make it on our list of the 30 Most Popular Stocks Among Hedge Funds. The Mosaic Company (NYSE:MOS) was in 66 hedge fund portfolios at the end of the first quarter of 2022, compared to 46 funds in the previous quarter. The Mosaic Company (NYSE:MOS) delivered a -28.78% return in the past 3 months.
In March 2022, we also shared another hedge fund’s views on The Mosaic Company (NYSE:MOS) in another article. You can find other investor letters from hedge funds and prominent investors on our hedge fund investor letters 2022 Q1 page.
Disclosure: None. This article is originally published at Insider Monkey.