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 stocks like Reddit, Inc. (NYSE:RDDT). Headquartered in San Francisco, California, Reddit, Inc. (NYSE:RDDT) is a social media company that operates a digital community platform. On April 20, 2026, Reddit, Inc. (NYSE:RDDT) closed at $166.28 per share. One-month return of Reddit, Inc. (NYSE:RDDT) was 22.16%, and its shares gained 63.56% over the past 52 weeks. Reddit, Inc. (NYSE:RDDT) has a market capitalization of $31.77 billion.
Carillon Eagle Mid Cap Growth Fund stated the following regarding Reddit, Inc. (NYSE:RDDT) in its Q1 2026 investor letter:
“Reddit, Inc. (NYSE:RDDT) is an online community platform where users share, discuss, and engage with content across a wide range of topics. The company posted solid revenue growth and profitability, while the closely watched metric of logged-in user growth was somewhat disappointing. Additional uncertainty around upcoming large language model (LLM) data-licensing renewals also pressured sentiment. The company authorized a stock buyback and provides an appealing audience for advertisers, as roughly half of its users are not active on other social media platforms.”
Reddit, Inc. (NYSE:RDDT) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 82 hedge fund portfolios held Reddit, Inc. (NYSE:RDDT) at the end of the fourth quarter, up from 80 in the previous quarter. While we acknowledge the risk and potential of Reddit, Inc. (NYSE:RDDT) 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 Reddit, Inc. (NYSE:RDDT) and that has 10,000% upside potential, check out our report about this cheapest AI stock.
In another article, we covered Reddit, Inc. (NYSE:RDDT) and shared the list of stocks Jim Cramer discussed. Jacob Funds established a position in Reddit, Inc. (NYSE:RDDT) during Q1 2026, citing its strong growth potential. 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.
