Carillon Tower Advisers, an investment management company, released its first-quarter 2026 investor letter for the “Carillon Eagle Mid Cap Growth Fund”. A copy of the letter can be downloaded here. Mid-cap stocks delivered mixed results in the first quarter, and value notably outperformed growth. The Russell Midcap® Growth Index (down 6.35%) lagged behind the Russell Midcap® Value Index (up 3.69%). The notable contributing sector was energy, returning 45.23%, outperforming other sectors in the growth index and its value peers. The first quarter was volatile for equity markets, but investors were optimistic. However, military strikes on Iran caused energy prices to rise, creating uncertainty among investors. Despite this turbulence, with improved valuations and potential positive developments from de-escalation in the Middle East, the firm is optimistic that the current market fluctuations will be short-lived. In addition, please check the Fund’s top five holdings to know its best picks in 2026.
In its first-quarter 2026 investor letter, Carillon Eagle Mid Cap Growth Fund highlighted Quanta Services, Inc. (NYSE:PWR) as a notable contributor. Quanta Services, Inc. (NYSE:PWR) provides engineering and construction services to utilities, energy infrastructure, and telecommunications projects. On April 20, 2026, Quanta Services, Inc. (NYSE:PWR) closed at $604.97 per share. One-month return of Quanta Services, Inc. (NYSE:PWR) was 4.59%, and its shares gained 131.04% over the past 52 weeks. Quanta Services, Inc. (NYSE:PWR) has a market capitalization of $90.78 billion.
Carillon Eagle Mid Cap Growth Fund stated the following regarding Quanta Services, Inc. (NYSE:PWR) in its Q1 2026 investor letter:
“Quanta Services, Inc. (NYSE:PWR), a leading provider of infrastructure solutions across electric utility, energy, and data center markets in North America, delivered another strong quarter supported by solid execution. Results were complemented by continued backlog growth and constructive management commentary, reinforcing a robust outlook for future expansion. As a full-scale solutions provider with exposure spanning the AI infrastructure value chain, Quanta is distinctly positioned to capitalize on this generational investment cycle, which is driven by accelerating demand for power, connectivity, and data center capacity.”
Quanta Services, Inc. (NYSE:PWR) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 90 hedge fund portfolios held Quanta Services, Inc. (NYSE:PWR) at the end of the fourth quarter, up from 73 in the previous quarter. While we acknowledge the risk and potential of Quanta Services, Inc. (NYSE:PWR) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than Quanta Services, Inc. (NYSE:PWR) and that has 10,000% upside potential, check out our report about this cheapest AI stock.
In another article, we covered Quanta Services, Inc. (NYSE:PWR) and shared the list of best multibagger stocks to buy for long term. In addition, please check out our hedge fund investor letters Q1 2026 page for more investor letters from hedge funds and other leading investors.
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Disclosure: None. This article is originally published at Insider Monkey.
