Carillon Tower Advisers, an investment management company, released its “Carillon Eagle Small Cap Growth Fund” fourth quarter 2022 investor letter. A copy of the same can be downloaded here. Small-cap stocks posted solid returns in the fourth quarter for the first time in 2022. The Russell 2000 Growth Index was up 4.11% trailing the Russell 2000 Value Index, which returned 8.39% in the quarter. For the year 2022, small-cap stocks posted disappointing results. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.
Carillon Eagle Small Cap Growth Fund highlighted stocks like Viper Energy Partners LP (NASDAQ:VNOM) in the Q4 2022 investor letter. Based in Midland, Texas, Viper Energy Partners LP (NASDAQ:VNOM) acquire, owns and exploits oil and natural gas properties. On February 1, 2023, Viper Energy Partners LP (NASDAQ:VNOM) stock closed at $30.85 per share. One-month return of Viper Energy Partners LP (NASDAQ:VNOM) was 5.76%, and its shares gained 14.56% of their value over the last 52 weeks. Viper Energy Partners LP (NASDAQ:VNOM) has a market capitalization of $5.24 billion.
Carillon Eagle Small Cap Growth Fund made the following comment about Viper Energy Partners LP (NASDAQ:VNOM) in its Q4 2022 investor letter:
“Viper Energy Partners LP (NASDAQ:VNOM) owns and acquires mineral and royalty interests in oil and natural gas properties primarily in the Permian Basin of western Texas and southeastern New Mexico. The company’s stock has been a steady outperformer recently and has substantially outpaced the price of benchmark West Texas Intermediate crude oil. Viper is well-positioned in this market due to the fact that it doesn’t incur the service costs to drill and complete the wells, which likely will increase dramatically and offset a portion of the upside from higher commodity prices for traditional exploration and production companies.”
Copyright: Elnur / 123RF Stock Photo
Viper Energy Partners LP (NASDAQ:VNOM) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 13 hedge fund portfolios held Viper Energy Partners LP (NASDAQ:VNOM) at the end of the third quarter which was 14 in the previous quarter.
We discussed Viper Energy Partners LP (NASDAQ:VNOM) in another article and shared Bernzott Capital Advisors’ views on the company. In addition, please check out our hedge fund investor letters Q4 2022 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.
