Chartwell Investment Partners, LLC, an affiliate of�Carillon Tower Advisers, Inc., released the �Carillon Chartwell Mid Cap Value Fund� third quarter 2023 investor letter. A copy of the same can be�downloaded here. Equities rose early in the quarter on the...
Chartwell Investment Partners, LLC, an affiliate of�Carillon Tower Advisers, Inc., released the �Carillon Chartwell Mid Cap Value Fund� third quarter 2023 investor letter. A copy of the same can be�downloaded here. Equities rose early in the quarter on the back of a broader appetite for risk, however, they eventually fell when interest rates crossed 4%. Value and growth stocks performed similarly in the market�s large- and mid-cap categories. On the other hand, value stocks proved to be more defensive in the small-cap group. The Russell Midcap Value Index fell 4.5%, with only the energy and financials sectors seeing gains. Healthcare, communication services, and consumer staples detracted. In addition, please check the fund�s top five holdings to know its best picks in 2023.
Carillon Chartwell Mid Cap Value Fund highlighted stocks like FMC Corporation (NYSE:FMC) in the third quarter 2023 investor letter. Headquartered in Philadelphia, Pennsylvania, FMC Corporation (NYSE:FMC) is an agricultural sciences company. On December 22, 2023, FMC Corporation (NYSE:FMC) stock closed at $62.74 per share. One-month return of FMC Corporation (NYSE:FMC) was 18.18%, and its shares lost 50.34% of their value over the last 52 weeks. FMC Corporation (NYSE:FMC) has a market capitalization of $7.827 billion.
Carillon Chartwell Mid Cap Value Fund made the following comment about FMC Corporation (NYSE:FMC) in its Q3 2023 investor letter:
�The Russell Midcap Value Index declined 4.5%, with only the energy and financials sectors generating positive returns. The healthcare, communication services, and consumer staples sectors were the weakest. FMC Corporation (NYSE:FMC) manufactures herbicides, insecticides, and other crop chemicals for use in agriculture. The company�s results were negatively impacted by customer inventory destocking.�
A laboratory technician carefully mixing chemicals in a laboratory.
FMC Corporation (NYSE:FMC) is not on our list of�30 Most Popular Stocks Among Hedge Funds. As per our database, 30 hedge fund portfolios held FMC Corporation (NYSE:FMC) at the end of third quarter which was 32 in the previous quarter.
We discussed FMC Corporation (NYSE:FMC) in�another article and shared the list of most profitable lithium stocks to buy. In addition, please check out our hedge fund investor letters Q3 2023�page for more investor letters from hedge funds and other leading investors.
�
Suggested Articles:
20 Most Luxurious and Expensive Woods for Furniture In The World 11 Most Profitable Lithium Stocks Now 30 Best Karaoke Songs for People Who Can�t SingDisclosure: None. This article is originally published at�Insider Monkey.
