Carillon Tower Advisors, an investment management firm, has released its 2022 Investor Letter for the ‘Carillon Scout Mid Cap Fund’. A copy of the same can be downloaded here. Rising interest rates, the Russian-Ukrainian war, and a shrinking Federal Reserve balance sheet led to a decline in most equity indices in the second quarter. Mid-cap and small-cap stocks performed poorly in the quarter relative to other investments. The fund’s portfolio is most overweight in utilities and consumer staples and currently underweight in information technology. Plus, check out the fund’s top 5 holdings to discover our best picks for 2022.
In its second quarter 2022 investor letter, Carillon Tower Advisers outlined stocks such as Live Nation Entertainment, Inc. (NYSE:LYV). Headquartered in Beverly Hills, California, Live Nation Entertainment, Inc. (NYSE:LYV) is a live entertainment company. On October 5, 2022, Live Nation Entertainment, Inc. (NYSE: LYV) stock closed at $80.67 per share. His one-month return for Live Nation Entertainment, Inc. (NYSE: LYV) was -11.09%, and the company’s stock has lost 18.49% of his value over the past 52 weeks. Live Nation Entertainment, Inc. (NYSE:LYV) has a market capitalization of $18.552 billion.
Below is what Kalyon Tower Advisors specifically said about Live Nation Entertainment, Inc. (NYSE:LYV) in its Q2 2022 investor letter.
“Live Nation Entertainment Inc.(NYSE:LYV) fell as economic concerns mounted during the quarter and a new wave of the pandemic gained momentum. The company also promotes concerts and shows in Europe and Latin America, so economic concerns in these regions may have weighed on sentiment. We are encouraged by the potential for very strong demand for concerts and shows post-pandemic. ”
Live Nation Entertainment, Inc. (NYSE:LYV) isn’t on the list of the 30 hottest hedge funds. According to our database, 40 hedge fund portfolios held his Live Nation Entertainment, Inc. (NYSE: LYV) at the end of the second quarter, compared with 51 last quarter.
We covered Live Nation Entertainment, Inc. (NYSE:LYV) in a separate article and shared a list of the world’s most valuable music companies. Additionally, for investor letters from hedge funds and other leading investors, visit the Hedge Fund Investor Letters Q2 2022 page.
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Disclosure: None. This article was originally published on Insider Monkey.