Carillon Tower Advisers, an investment management company, released its second-quarter 2026 investor letter for the “Carillon Eagle Growth & Income Fund”. A copy of the letter is available to download here. The second quarter of 2026 was driven by a sharp rally in AI-related stocks, although gains were concentrated in highly cyclical semiconductor, memory and optical companies. The S&P 500 gained 15.2%, while the semiconductor index surged 87.8%. Unlike earlier AI rallies led by megacaps and strong earnings growth, some smaller technology stocks rose 200% to 300%, making the advance more fragile. Software and services stocks declined as investors questioned the impact of AI disruption. Oil prices also rose during the Iran conflict before retreating, briefly increasing inflation and interest-rate concerns. Despite the volatility, economic data and corporate earnings remained strong. S&P 500 earnings are projected to rise 25% in 2026 and 15% in 2027, with the market trading near 20x earnings. The Fund continues to focus on financially strong companies with durable earnings growth that can perform across different economic conditions. In addition, please check the Fund’s top five holdings to know its best picks in 2026.
In its second-quarter 2026 investor letter, Carillon Eagle Growth & Income Fund highlighted T-Mobile US, Inc. (NASDAQ:TMUS). T-Mobile US, Inc. (NASDAQ:TMUS) provides wireless communications services in the United States and internationally. On July 27, 2026, T-Mobile US, Inc. (NASDAQ:TMUS) closed at $177.21 per share. One-month return of T-Mobile US, Inc. (NASDAQ:TMUS) was 5.65%, and its shares lost -24.39% over the past 52 weeks. T-Mobile US, Inc. (NASDAQ:TMUS) has a market capitalization of about $190.08 billion.
Carillon Eagle Growth & Income Fund stated the following regarding T-Mobile US, Inc. (NASDAQ:TMUS) in its Q2 2026 investor letter:
“T-Mobile US, Inc. (NASDAQ:TMUS) lagged due to concerns over a competitor building its own terrestrial US mobile network. Advances in low Earth orbit (LEO) satellite technology, alongside complementary terrestrial technologies, could enable lower-cost connectivity for mobile devices.”
T-Mobile US, Inc. (NASDAQ:TMUS) is not on our list of the 40 Most Popular Stocks Among Hedge Funds. As per our database, 85 hedge fund portfolios held T-Mobile US, Inc. (NASDAQ:TMUS) at the end of the first quarter which was 76 in the previous quarter. While we acknowledge the risk and potential of T-Mobile US, Inc. (NASDAQ:TMUS) 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 T-Mobile US, Inc. (NASDAQ:TMUS) and that has 10,000% upside potential, check out our report about this cheapest AI stock.
In another article, we covered T-Mobile US, Inc. (NASDAQ:TMUS) and shared a list of cheap blue chip stocks to buy according to Wall Street analysts. In addition, please check out our hedge fund investor letters Q2 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.
