Carillon Tower Advisers, an investment management company, released its first-quarter 2026 investor letter for the “Carillon Eagle Growth & Income Fund”. A copy of the letter is available to download here. The first quarter of 2026 was volatile due to market shifts, including increased geopolitical risk and inflation fears from rising energy prices. The S&P declined 4.33%. Early in the quarter, value outperformed growth. Inflation worries impacted financial and tech sectors in the quarter. Despite concerns, economic data and corporate earnings stayed strong. Forward S&P 500 earnings are projected to increase 15% in 2026, with the market trading at a PE ratio below 20x for the first time since 2023. Forecasting the macroeconomy is challenging, but the Fund focuses on financially strong companies with solid earnings growth that succeed in the long term despite macro issues. 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 Growth & Income Fund highlighted Corning Incorporated (NYSE:GLW) as anotable contributor. Corning Incorporated (NYSE:GLW) is an optical communications, display technologies, environmental technologies, specialty materials, and life sciences business company. On May 21, 2026, Corning Incorporated (NYSE:GLW) closed at $191.89 per share. One-month return of Corning Incorporated (NYSE:GLW) was 9.10%, and its shares gained 296.79% over the past 52 weeks. Corning Incorporated (NYSE:GLW) has a market capitalization of $165.15 billion.
Carillon Eagle Growth & Income Fund stated the following regarding Corning Incorporated (NYSE:GLW) in its Q1 2026 investor letter:
“Corning Incorporated’s (NYSE:GLW) positive performance was tied to a strong second-quarter earnings result and forward guidance supporting a continuation of those trends. The company’s fiber optics and related technologies are integral in building AI infrastructure across the globe. We believe Corning should see market growth across several key products for the next three to five years.”
Corning Incorporated (NYSE:GLW) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 57 hedge fund portfolios held Corning Incorporated (NYSE:GLW) at the end of the fourth quarter, up from 56 in the previous quarter. While we acknowledge the risk and potential of Corning Incorporated (NYSE:GLW) 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 Corning Incorporated (NYSE:GLW) and that has 10,000% upside potential, check out our report about this cheapest AI stock.
In another article, we covered Corning Incorporated (NYSE:GLW) and shared the list of fastest growing S&P 500 stocks to buy. 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.
