Carillon Tower Advisors, an investment management firm, has released its Investor Letter for the 4th Quarter 2022 of the Carillon Eagle Small Cap Growth Fund. A copy of the same can be downloaded here. Small-caps posted solid Q4 returns for the first time in 2022. The Russell 2000 Growth Index rose 4.11% and the Russell 2000 Value Index posted a return of 8.39% in the same quarter. Small caps posted disappointing results in 2022. Plus, check out the fund’s top 5 holdings to discover our best picks for 2022.
The Carillon Eagle Small Cap Growth Fund highlighted stocks such as Chart Industries (NYSE:GTLS) in its fourth quarter 2022 investor letter. Chart Industries, Inc. (NYSE:GTLS), headquartered in Ball Ground, Georgia, is an engineering equipment manufacturer. On February 1, 2023, Chart Industries, Inc. (NYSE: GTLS) stock closed at $137.69 per share. His one-month return for Chart Industries, Inc. (NYSE: GTLS) is his 17.34%, and the company’s stock has risen 17.29% over the past 52 weeks. Chart Industries, Inc. (NYSE:GTLS) has a market capitalization of $5.86 billion.
Carillon Eagle Small Cap Growth Fund commented on Chart Industries (NYSE:GTLS) in its Q4 2022 Investor Letter:
“Chart Industries Co., Ltd. (NYSE:GTLS) manufactures highly engineered equipment for multiple applications in the energy and industrial gas markets. The company has announced a significant pending acquisition of a UK-based provider of air and gas handling products. Unfortunately, the stock has since sold off quite aggressively. This is primarily due to investor concerns about the additional debt financing required to finance the transaction. Despite the additional financial leverage, the trade should provide a higher level of aftermarket exposure to the charts, which will result in both higher margins and a more regular, non-cyclical earnings stream. The acquisition complements Chart’s core capabilities in liquefied natural gas while also expanding the company’s offerings in energy transition areas such as green hydrogen, carbon capture and water treatment. ”
Chart Industries, Inc. (NYSE:GTLS) isn’t included in the list of the 30 most popular hedge funds. According to our database, 22 hedge fund portfolios held Chart Industries (NYSE:GTLS) at the end of the third quarter, compared with 26 last quarter.
We covered Chart Industries, Inc. (NYSE:GTLS) in a separate article, sharing Carillon Tower Advisers’ views on the company last quarter. Additionally, for investor letters from hedge funds and other leading investors, visit the Hedge Fund Investor Letters Q4 2022 page.
Disclosure: None. This article was originally published on Insider Monkey.