Carillon Tower Advisers, an investment management firm, published its “Carillon Eagle Small Cap Growth Fund” first quarter 2022 investor letter – a copy of which can be downloaded here. Small-cap stocks overall posted rather lackluster returns in the first quarter of 2022. There was, however, a notable level of disparity between the two style indexes, as the Russell 2000® Growth Index (down 12.63%) significantly lagged its Russell 2000® Value Index (down 2.40%) counterpart for the sixth consecutive quarter. Try to spend some time taking a look at the fund’s top 5 holdings to be informed about their best picks for 2022.
In its Q1 2022 investor letter, Carillon Eagle Small Cap Growth Fund mentioned Viper Energy Partners LP (NASDAQ:VNOM) and explained its insights for the company. Founded in 2013, Viper Energy Partners LP (NASDAQ:VNOM) is a Midland, Texas-based oil and natural gas company with a $4.6 billion market capitalization. Viper Energy Partners LP (NASDAQ:VNOM) delivered a 30.31% return since the beginning of the year, while its 12-month returns are up by 48.50%. The stock closed at $27.77 per share on June 28, 2022.
Here is what Carillon Eagle Small Cap Growth Fund has to say about Viper Energy Partners LP (NASDAQ:VNOM) in its Q1 2022 investor letter:
"Viper Energy (NASDAQ:VNOM) owns mineral and royalty interests in oil and natural gas properties primarily in the Permian Basin in western Texas and southeastern New Mexico. Shares rose sharply as Viper is well positioned in this current market environment due to the fact it doesn’t incur the service costs to drill and complete the wells, which will likely increase dramatically and offset a portion of the upside from higher commodity prices for traditional exploration and production companies."
Our calculations show that Viper Energy Partners LP (NASDAQ:VNOM) fell short and didn’t make it on our list of the 30 Most Popular Stocks Among Hedge Funds. Viper Energy Partners LP (NASDAQ:VNOM) was in 12 hedge fund portfolios at the end of the first quarter of 2022, compared to 10 funds in the previous quarter. Viper Energy Partners LP (NASDAQ:VNOM) delivered a -8.77% return in the past 3 months.
In May 2022, we also shared another hedge fund’s views on Viper Energy Partners LP (NASDAQ:VNOM) in another article. You can find other investor letters from hedge funds and prominent investors on our hedge fund investor letters 2022 Q1 page.
Disclosure: None. This article is originally published at Insider Monkey.