Carillon Tower Advisers, an funding administration firm, launched its “Carillon Eagle Small Cap Development Fund” first quarter 2025 investor letter. A duplicate of the letter may be downloaded right here. Small-cap shares skilled a major drop in Q1, with the Russell 2000 Development Index (down 11.12%) trailing the Russell 2000 Worth Index (down 7.74%). Within the Russell 2000 Development Index, actual property, which elevated by 1.76%, outperformed all sectors each completely and comparatively. The one different sector delivering optimistic returns was shopper staples, which rose by 0.67%. As well as, please test the fund’s high 5 holdings to know its finest picks in 2025.
In its first-quarter 2025 investor letter, Carillon Eagle Small Cap Development Fund highlighted shares similar to AAON, Inc. (NASDAQ:AAON). AAON, Inc. (NASDAQ:AAON), with a market capitalization of $8.063 billion, engages in engineering, manufacturing, advertising, and promoting air-con and heating tools. The one-month return of AAON, Inc. (NASDAQ:AAON) was 11.61%, and its shares gained 26.63% of their worth during the last 52 weeks. On Could 23, 2025, AAON, Inc. (NASDAQ:AAON) inventory closed at $99.10 per share.
Carillon Eagle Small Cap Development Fund acknowledged the next concerning AAON, Inc. (NASDAQ:AAON) in its Q1 2025 investor letter:
“AAON, Inc. (NASDAQ:AAON) gives heating, air flow, and air-conditioning (HVAC) options for business and industrial indoor environments. Shares lagged after the corporate posted a disappointing quarterly replace that mentioned points on each the top-line and margins that administration has characterised as non permanent in nature. Channel dynamics associated to the nationwide transition on the finish of final 12 months to new regulatorily required refrigerants pressured gross sales within the firm’s core roof-top unit enterprise, whereas hiccups associated to manufacturing capability expansions inside its knowledge heart cooling enterprise weighed on margins.”
A technician surrounded by advanced chillers and knowledge heart cooling options.
AAON, Inc. (NASDAQ:AAON) shouldn’t be on our record of 30 Most Common Shares Amongst Hedge Funds. As per our database, 18 hedge fund portfolios held AAON, Inc. (NASDAQ:AAON) on the finish of the primary quarter, which was 29 within the earlier quarter. AAON, Inc.’s (NASDAQ:AAON) web gross sales for the primary quarter of 2025 elevated 22.9% year-over-year to $322.1 million. Whereas we acknowledge the potential of AAON, Inc. (NASDAQ:AAON) as an funding, our conviction lies within the perception that AI shares maintain better promise for delivering greater returns, and doing so inside a shorter timeframe. In case you are searching for an AI inventory that’s as promising as NVIDIA however that trades at lower than 5 instances its earnings, try our report in regards to the undervalued AI inventory set for enormous features.
