Carillon Tower Advisers, an investment management company, released its first-quarter 2026 investor letter for the “Carillon Eagle Mid Cap Growth Fund”. A copy of the letter can be downloaded here. Mid-cap stocks delivered mixed results in the first quarter, and value notably outperformed growth. The Russell Midcap® Growth Index (down 6.35%) lagged behind the Russell Midcap® Value Index (up 3.69%). The notable contributing sector was energy, returning 45.23%, outperforming other sectors in the growth index and its value peers. The first quarter was volatile for equity markets, but investors were optimistic. However, military strikes on Iran caused energy prices to rise, creating uncertainty among investors. Despite this turbulence, with improved valuations and potential positive developments from de-escalation in the Middle East, the firm is optimistic that the current market fluctuations will be short-lived. In addition, please check the Fund’s top five holdings to know its best picks in 2026.
In its first-quarter 2026 investor letter, Carillon Eagle Mid Cap Growth Fund highlighted Teradyne, Inc. (NASDAQ:TER) as a notable contributor. Teradyne, Inc. (NASDAQ:TER) is a leading technology company that designs and manufactures automated test systems and robotics products for semiconductors and electronics. On April 20, 2026, Teradyne, Inc. (NASDAQ:TER) closed at $1,154.69 per share. One-month return of Teradyne, Inc. (NASDAQ:TER) was 17.20%, and its shares gained 426.32% over the past 52 weeks. Teradyne, Inc. (NASDAQ:TER) has a market capitalization of $3.101 billion.
Carillon Eagle Mid Cap Growth Fund stated the following regarding Teradyne, Inc. (NASDAQ:TER) in its Q1 2026 investor letter:
“Teradyne, Inc. (NASDAQ:TER) designs and manufactures testing equipment for semiconductors. Investors have appreciated its strong position in testing for next-generation memory and application specific integrated circuit (ASIC) testing for AI workloads. Additionally, there is potential for the company to gain market share with the largest semiconductor company in the world.”
Teradyne, Inc. (NASDAQ:TER) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 77 hedge fund portfolios held Teradyne, Inc. (NASDAQ:TER) at the end of the fourth quarter, up from 58 in the previous quarter. While we acknowledge the risk and potential of Teradyne, Inc. (NASDAQ:TER) 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 Teradyne, Inc. (NASDAQ:TER) and that has 10,000% upside potential, check out our report about this cheapest AI stock.
In another article, we covered Teradyne, Inc. (NASDAQ:TER) and shared the list of stocks Jim Cramer discussed. In addition, please check out our hedge fund investor letters Q1 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.
