Carillon Tower Advisers, an investment management company, released its fourth-quarter 2025 investor letter for the “Carillon Eagle Small Cap Growth Fund”. You can download a copy of the letter here. Small-cap stocks delivered marginal gains in the fourth quarter of 2025. The Russell 2000® Value Index outperformed the Russell 2000® Growth Index in the quarter, with more balanced results. In line with the broader stock market, small-cap stocks delivered solid results in 2025. The Russell 2000 Growth Index returned 13.01%, outperforming the Russell 2000 Value Index’s 12.58% gain. The firm anticipates a favorable year ahead for equity markets. The letter outlined the potential opportunities within Cyclicals, Healthcare, Information Technology, Financials, and Consumer spending sectors heading to 2026. Please review the Fund’s top five holdings to gain insights into their key selections for 2025.
In its fourth-quarter 2025 investor letter, Carillon Eagle Small Cap Growth Fund highlighted Itron, Inc. (NASDAQ:ITRI) as a major performance detractor. Itron, Inc. (NASDAQ:ITRI) is a technology solutions and service company that focuses on water and energy resources management. On February 13, 2026, Itron, Inc. (NASDAQ:ITRI) stock closed at $89.36 per share. One-month return of Itron, Inc. (NASDAQ:ITRI) was -10.68%, and its shares are down 7.88% over the past twelve months. Itron, Inc. (NASDAQ:ITRI) has a market capitalization of about $4.093 billion.
Carillon Eagle Small Cap Growth Fund stated the following regarding Itron, Inc. (NASDAQ:ITRI) in its fourth quarter 2025 investor letter:
“Itron, Inc. (NASDAQ:ITRI) provides connected metering products and software solutions for the modernization of the utilities industry. Shares were pressured after the company reported a quarter that met expectations but featured softer than anticipated bookings. Management attributed the slowdown to a temporary shift in utility customer priorities due to planning uncertainty amid data center load growth and increased regulatory scrutiny given the potential for rising consumer utility bills.”
Itron, Inc. (NASDAQ:ITRI) is not on our list of 30 Most Popular Stocks Among Hedge Funds. According to our database, 37 hedge fund portfolios held Itron, Inc. (NASDAQ:ITRI) at the end of the third quarter, up from 35 in the previous quarter. While we acknowledge the risk and potential of Itron, Inc. (NASDAQ:ITRI) 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 Itron, Inc. (NASDAQ:ITRI) and that has 10,000% upside potential, check out our report about this cheapest AI stock.
In another article, we covered Itron, Inc. (NASDAQ:ITRI) and shared Aristotle Small Cap Equity Fund’s views on the company. In addition, please check out our hedge fund investor letters Q4 2025 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.
