Carillon Tower Advisers, an investment management firm, published its “Carillon Eagle Small Cap Growth Fund” first quarter 2021 investor letter – a copy of which can be downloaded here. Small-cap stocks advanced once again in the first quarter of 2021. However, there was a rather considerable disparity among the two style indexes, as the Russell 2000® Growth Index (up 4.87%) significantly lagged its Russell 2000® Value Index counterpart (up 21.16%). 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 Q1 2021 investor letter, mentioned Everbridge, Inc. (NASDAQ: EVBG), and shared their insights on the company. Everbridge, Inc. is a Burlington, Massachusetts-based software company that currently has a $4.5 billion market capitalization. Since the beginning of the year, EVBG delivered a -18.42% return, while its 12-month gains are down by -12.92%. As of May 04, 2021, the stock closed at $121.61 per share.
Here is what Carillon Eagle Small Cap Growth Fund has to say about Everbridge, Inc. in their Q1 2021 investor letter:
“Everbridge provides a real-time communications platform used by state and local governments to alert constituents of important issues via alerts and text messages on their phone and/or email. The company has continued to experience healthy growth, but unfortunately some investor concerns regarding difficult year-over-year comparisons in 2021 have weighed on the firm’s shares. Despite this, we believe there is a rather large addressable market of enterprises that could potentially adopt a robust alert system like the one offered by Everbridge. The firm should see a significant portion of this growth abroad, especially within Europe, where a number of mandates are requiring governments to adopt an emergency alert solution within the next one to two years.”
Our calculations show that Everbridge, Inc. (NASDAQ: EVBG) 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, Everbridge, Inc. was in 36 hedge fund portfolios, compared to 30 funds in the third quarter. EVBG delivered a -10.73% return in the past 3 months.
The top 10 stocks among hedge funds returned 231.2% between 2015 and 2020, and outperformed the S&P 500 Index ETFs by more than 126 percentage points. We know it sounds unbelievable. You have been dismissing our articles about top hedge fund stocks mostly because you were fed biased information by other media outlets about hedge funds’ poor performance. You could have doubled the size of your nest egg by investing in the top hedge fund stocks instead of dumb S&P 500 ETFs. Here you can watch our video about the top 5 hedge fund stocks right now. All of these stocks had positive returns in 2020.
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