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 Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) in the third quarter 2023 investor letter. Headquartered in Nashville, Tennessee, Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) is a bank holding company. On December 22, 2023, Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) stock closed at $86.44 per share. One-month return of Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) was 21.22%, and its shares gained 17.45% of their value over the last 52 weeks. Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) has a market capitalization of $6.636 billion.

Carillon Chartwell Mid Cap Value Fund made the following comment about Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) 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. Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) is a regional bank with operations in fast-growing markets in the southeastern United States. The company reported impressive loan and deposit growth.�

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Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) is not on our list of�30 Most Popular Stocks Among Hedge Funds. As per our database, 23 hedge fund portfolios held Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) at the end of third quarter which was 26 in the previous quarter.

We discussed Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) in�another article and shared the list of most undervalued bank stocks to buy according to Wall Street analysts. 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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Disclosure: None. This article is originally published at�Insider Monkey.

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