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Carillon Tower Advisers, an investment management company, released its “Carillon Eagle Mid Cap Growth Fund” first quarter 2025 investor letter. A copy of the letter can be downloaded here. Mid-cap stocks had a challenging first quarter; the Russell Midcap® Growth Index, which was down 7.12%, had greater difficulties than the Russell Midcap® Value Index, which was down 2.11%. In addition, you can check the fund’s top 5 holdings to determine its best picks for 2025.
In its first-quarter 2025 investor letter, Carillon Eagle Mid Cap Growth Fund highlighted stocks such as The Trade Desk, Inc. (NASDAQ:TTD). Headquartered in Ventura, California, The Trade Desk, Inc. (NASDAQ:TTD) is a technology company that offers a self-service cloud-based ad-buying platform. The one-month return of The Trade Desk, Inc. (NASDAQ:TTD) was -6.97%, and its shares lost 36.08% of their value over the last 52 weeks. On April 24, 2025, The Trade Desk, Inc. (NASDAQ:TTD) stock closed at $53.27 per share with a market capitalization of $26.186 billion.
Carillon Eagle Mid Cap Growth Fund stated the following regarding The Trade Desk, Inc. (NASDAQ:TTD) in its Q1 2025 investor letter:
"The Trade Desk, Inc. (NASDAQ:TTD) is one of the largest independent advertising platforms in the world and helps customers place ads on the web, connected TV, mobile devices, and podcasts. The company reported earnings below expectations due to internal reorganizations and execution issues. Management has since outlined clear strategies to address these issues, but shareholders remain concerned about competition and execution. We continue to support the stock due to Trade Desk’s impressive margins and cash flow as well as its strong position in advertising as the only independent player of scale that can compete with large internet companies."
A large array of computer screens and tech equipment representing the technology company's self-service cloud-based platform.
The Trade Desk, Inc. (NASDAQ:TTD) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 63 hedge fund portfolios held The Trade Desk, Inc. (NASDAQ:TTD) at the end of the fourth quarter compared to 42 in the third quarter. While we acknowledge the potential of The Trade Desk, Inc. (NASDAQ:TTD) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.