U.S. markets open in 5 hours 42 minutes
  • S&P Futures

    -14.00 (-0.33%)
  • Dow Futures

    -117.00 (-0.34%)
  • Nasdaq Futures

    -67.25 (-0.48%)
  • Russell 2000 Futures

    -9.60 (-0.42%)
  • Crude Oil

    -0.53 (-0.73%)
  • Gold

    -53.20 (-2.86%)
  • Silver

    -0.89 (-3.19%)

    -0.0043 (-0.36%)
  • 10-Yr Bond

    0.0000 (0.00%)
  • Vix

    +1.46 (+8.58%)

    -0.0010 (-0.07%)

    -0.0030 (-0.00%)

    -969.79 (-2.41%)
  • CMC Crypto 200

    -15.84 (-1.60%)
  • FTSE 100

    -25.46 (-0.35%)
  • Nikkei 225

    -272.68 (-0.93%)

Carillon Tower Advisers: “LPL Financial (LPLA) Posted Impressive Record Net Inflows”

  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
·3 min read
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

Carillon Tower Advisers, an investment management firm, published its “Carillon Eagle Mid Cap Growth Fund” first quarter 2021 investor letter – a copy of which can be downloaded here. Mid-cap stocks as a whole advanced in the first quarter of 2021. However, there was a rather considerable disparity among the two style indexes, as the Russell Midcap® Growth Index (down 0.57%) significantly lagged its Russell Midcap® Value Index (13.45%) counterpart. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.

Carillon Tower Advisers, in their Q1 2021 investor letter, mentioned LPL Financial Holdings Inc. (NASDAQ: LPLA), and shared their insights on the company. LPL Financial Holdings Inc. is a Boston, Massachusetts-based investment and business solutions provider that currently has a $12.2 billion market capitalization. Since the beginning of the year, LPLA delivered a 46.94% return, extending its 12-month gains to 146.32%. As of May 03, 2021, the stock closed at $153.53 per share.

Here is what Carillon Tower Advisers has to say about LPL Financial Holdings Inc. in their Q1 2021 investor letter:

"LPL Financial is an independent broker-dealer that offers technology, brokerage, and investment advisory services to financial advisors and financial institutions. The firm’s shares outperformed the broader market in the quarter, as expectations for an improving economic outlook have lifted interest rates off of their historic lows, providing a notable boost to the financial sector as a whole. Additionally, LPL posted impressive record net inflows into both its advisory and brokerage businesses during the quarter."

35 Entry Level Job Opportunities for Economics Majors
35 Entry Level Job Opportunities for Economics Majors


Our calculations show that LPL Financial Holdings Inc. (NASDAQ: LPLA) does not belong in our list of the 30 Most Popular Stocks Among Hedge Funds. As of the end of the fourth quarter of 2020, LPL Financial Holdings Inc. was in 43 hedge fund portfolios, compared to 37 funds in the third quarter. LPLA delivered a 33.51% return in the past 3 months.

The top 10 stocks among hedge funds returned 231.2% between 2015 and 2020, and outperformed the S&P 500 Index ETFs by more than 126 percentage points. We know it sounds unbelievable. You have been dismissing our articles about top hedge fund stocks mostly because you were fed biased information by other media outlets about hedge funds’ poor performance. You could have doubled the size of your nest egg by investing in the top hedge fund stocks instead of dumb S&P 500 ETFs. Here you can watch our video about the top 5 hedge fund stocks right now. All of these stocks had positive returns in 2020.

At Insider Monkey, we scour multiple sources to uncover the next great investment idea. For example, Federal Reserve has been creating trillions of dollars electronically to keep the interest rates near zero. We believe this will lead to inflation and boost real estate prices. So, we recommended this real estate stock to our monthly premium newsletter subscribers. We go through lists like the 15 best innovative stocks to buy to pick the next Tesla that will deliver a 10x return. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. You can subscribe to our free daily newsletter on our website:

Disclosure: None. This article is originally published at Insider Monkey.