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 Tenet Healthcare Corporation (NYSE:THC) in the third quarter 2023 investor letter. Headquartered in Dallas, Texas, Tenet Healthcare Corporation (NYSE:THC) is a diversified healthcare services company. On December 22, 2023, Tenet Healthcare Corporation (NYSE:THC) stock closed at $75.75 per share. One-month return of Tenet Healthcare Corporation (NYSE:THC) was 11.40%, and its shares lost 62.41% of their value over the last 52 weeks. Tenet Healthcare Corporation (NYSE:THC) has a market capitalization of $7.706 billion.
Carillon Chartwell Mid Cap Value Fund made the following comment about Tenet Healthcare Corporation (NYSE:THC) 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. Tenet Healthcare Corporation (NYSE:THC) operates hospitals and ambulatory surgery centers. The prospect of accelerating labor cost inflation weighed on investor sentiment.�
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Tenet Healthcare Corporation (NYSE:THC) is not on our list of�30 Most Popular Stocks Among Hedge Funds. As per our database, 64 hedge fund portfolios held Tenet Healthcare Corporation (NYSE:THC) at the end of third quarter which was 74 in the previous quarter.
We discussed Tenet Healthcare Corporation (NYSE:THC) in�another article and shared Meridian Funds� views on the company in the previous quarter. In addition, please check out our hedge fund investor letters Q3 2023�page for more investor letters from hedge funds and other leading investors.
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