Carillon Tower Advisers, an investment management company, released its “Carillon Eagle Mid Cap Growth Fund” fourth quarter 2024 investor letter. A copy of the letter can be downloaded here. Mid-cap stocks experienced mixed results in the fourth quarter after reporting positive gains in the previous quarter. The Russell Midcap Growth Index (up 8.14%) outperformed the Russell Midcap Value Index (fell 1.75%) during the quarter. Mid-cap stocks posted solid returns in 2024 similar to 2023. In addition, you can check the fund’s top 5 holdings to determine its best picks for 2024.

Carillon Eagle Mid Cap Growth Fund highlighted stocks like Royal Caribbean Cruises Ltd. (NYSE:RCL), in the fourth quarter 2024 investor letter. Royal Caribbean Cruises Ltd. (NYSE:RCL) is a cruise company. The one-month return of Royal Caribbean Cruises Ltd. (NYSE:RCL) was 14.98%, and its shares gained 109.92% of their value over the last 52 weeks. On January 28, 2024, Royal Caribbean Cruises Ltd. (NYSE:RCL) stock closed at $265.25 per share with a market capitalization of $71.326 billion.

Carillon Eagle Mid Cap Growth Fund stated the following regarding Royal Caribbean Cruises Ltd. (NYSE:RCL) in its Q4 2024 investor letter:

"Royal Caribbean Cruises Ltd. (NYSE:RCL), a global cruise company with a fleet of vessels, saw strong quarterly earnings and the initial outlook provided for 2025 propel its stock during the quarter. Cruise demand remains strong, and we expect cruises to continue to gain market share from land-based vacations."

An aerial view of a luxurious cruise ship, surrounded by the blue horizon.

Royal Caribbean Cruises Ltd. (NYSE:RCL) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 52 hedge fund portfolios held Royal Caribbean Cruises Ltd. (NYSE:RCL) at the end of the third quarter which was 48 in the previous quarter. While we acknowledge the potential of Royal Caribbean Cruises Ltd. (NYSE:RCL) 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.

In another article, we discussed Royal Caribbean Cruises Ltd. (NYSE:RCL) and shared the list of best travel stocks to buy. In addition, please check out our hedge fund investor letters Q3 2024 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.