Should You Now Consider Selling Some of Your BlackRock (BLK) Shares?

Carillon Tower Advisers, an investment management firm, published its “Carillon Eagle Growth & Income Fund” first quarter 2022 investor letter – a copy of which can be downloaded here. The Carillon Family of Funds spans a range of investment objectives and asset classes designed for long-term investors.  Along with the spike in oil prices, energy stocks performed best during the quarter, followed by more defensive and countercyclical sectors like utilities and consumer staples. The fund continues to see a somewhat balanced outlook for equity market returns. Try to spend some time taking a look at the fund’s top 5 holdings to be informed about their best picks for 2022.

In its Q1 2022 investor letter, Carillon Eagle Growth & Income Fund mentioned BlackRock Inc. (NYSE:BLK) and explained its insights for the company. Founded in 1988, BlackRock Inc. (NYSE:BLK) is a New York, New York-based investment management company with a $93.4 billion market capitalization. BlackRock Inc. (NYSE:BLK) delivered a -32.64% return since the beginning of the year, while its 12-month returns are down by -30.99%. The stock closed at $616.70 per share on July 01, 2022.

Here is what Carillon Eagle Growth & Income Fund has to say about BlackRock Inc. (NYSE:BLK) in its Q1 2022 investor letter:

BlackRock (NYSE:BLK) shares underperformed due to a decline in equity market performance. As a reminder, market weakness typically drives assets under management lower, which in turn leads to lower revenues.”


Our calculations show that BlackRock Inc. (NYSE:BLK) fell short and didn’t make it on our list of the 30 Most Popular Stocks Among Hedge Funds. BlackRock Inc. (NYSE:BLK) was in 49 hedge fund portfolios at the end of the first quarter of 2022, compared to 49 funds in the previous quarter. BlackRock Inc. (NYSE:BLK) delivered a -19.88% return in the past 3 months.

In May 2022, we also shared another hedge fund’s views on BlackRock Inc. (NYSE:BLK) 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.