ClariVest Asset Management, LLC, an affiliate of Carillon Tower Advisers, Inc., released the “Carillon Clarivest Capital Appreciation Fund” third quarter 2023 investor letter. A copy of the same can be downloaded here. The third quarter of 2023 began strongly in July, but the equity markets were unable to withstand the ongoing upward momentum in interest rates, and many indexes ended the quarter in the negative. When compared to the Russell 1000 Growth Index at the beginning of the quarter, the fund was most underweight in communication and consumer discretionary services and most overweight in the information technology and healthcare sectors. By the end of the quarter, the portfolio remained the most underweight consumer discretionary and consumer staples and most overweight information technology and healthcare. In addition, please check the fund’s top five holdings to know its best picks in 2023.
Carillon Clarivest Capital Appreciation Fund highlighted stocks like Splunk Inc. (NASDAQ:SPLK) in the Q3 2023 investor letter. Headquartered in San Francisco, California, Splunk Inc. (NASDAQ:SPLK) is a cloud solutions and software provider. On December 7, 2023, Splunk Inc. (NASDAQ:SPLK) stock closed at $151.01 per share. One-month return of Splunk Inc. (NASDAQ:SPLK) was 2.73%, and its shares gained 72.50% of their value over the last 52 weeks. Splunk Inc. (NASDAQ:SPLK) has a market capitalization of $25.451 billion.
Carillon Clarivest Capital Appreciation Fund made the following comment about Splunk Inc. (NASDAQ:SPLK) in its Q3 2023 investor letter:
“Splunk Inc. (NASDAQ:SPLK), the cloud software solutions provider, delivered another solid quarter and raised guidance. Shares also rose further on the announcement of the company’s expected acquisition by a leading networking technology company.”
A close-up of a businesswoman using a laptop, being illuminated by the AI-enabled cloud interface sponsored by the company.
Splunk Inc. (NASDAQ:SPLK) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 67 hedge fund portfolios held Splunk Inc. (NASDAQ:SPLK) at the end of third quarter which was 50 in the previous quarter.
We discussed Splunk Inc. (NASDAQ:SPLK) in another article and shared the list of best growth stocks to buy according to George Soros. In addition, please check out our hedge fund investor letters Q3 2023 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.
