Strong Results Lifted MongoDB (MDB) in Q3

Carillon Tower Advisers, an investment management company, released its “Carillon Eagle Mid Cap Growth Fund” third-quarter 2025 investor letter. A copy of the letter can be downloaded here. In the third quarter, the equity markets continued their rally, fueled by enthusiasm for AI, limited evidence of inflationary effects from tariffs, and expectations for further interest rate cuts from the U.S. Federal Reserve. Mid-cap stocks also maintained their positive gains during the quarter. The Russell Midcap Growth Index (up 2.78%) underperformed the Russell Midcap® Value Index (up 6.16%) in the quarter. The letter further shared the firm's detailed views on Cyclicals, Healthcare, Information Technology, Financials, and Consumer sectors. In addition, you can check the fund’s top 5 holdings to determine its best picks for 2025.

In its third-quarter 2025 investor letter, Carillon Eagle Mid Cap Growth Fund highlighted stocks such as MongoDB, Inc. (NASDAQ:MDB). MongoDB, Inc. (NASDAQ:MDB) is a global provider of general-purpose database platforms. The one-month return of MongoDB, Inc. (NASDAQ:MDB) was -1.73%, and its shares lost 1.42% of their value over the last 52 weeks. On November 24, 2025, MongoDB, Inc. (NASDAQ:MDB) stock closed at $330.63 per share, with a market capitalization of $27.017 billion.

Carillon Eagle Mid Cap Growth Fund stated the following regarding MongoDB, Inc. (NASDAQ:MDB) in its third quarter 2025 investor letter:

"MongoDB, Inc. (NASDAQ:MDB), a provider of database software, delivered strong earnings results with a positive outlook, driven by large U.S.-based enterprises choosing to build and expand applications on MongoDB’s modern, document-oriented database."

MongoDB, Inc. (NASDAQ:MDB) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 75 hedge fund portfolios held MongoDB, Inc. (NASDAQ:MDB) at the end of the second quarter, which was 72 in the previous quarter. MongoDB, Inc. (NASDAQ:MDB) reported revenue of $591 million in the second quarter of fiscal 2026, representing a 24% year over year increase and above the high end of guidance range. While we acknowledge the potential of MongoDB, Inc. (NASDAQ:MDB) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

In another article, we covered MongoDB, Inc. (NASDAQ:MDB) and shared the list of stocks Jim Cramer discussed recently. In addition, please check out our hedge fund investor letters Q3 2025 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.