Cencora (COR) Surged on Strong Returns

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 Cencora, Inc. (NYSE:COR). Cencora, Inc. (NYSE:COR) is a pharmaceutical products distributor. The one-month return of Cencora, Inc. (NYSE:COR) was 3.07%, and its shares gained 17.78% of their value over the last 52 weeks. On April 24, 2025, Cencora, Inc. (NYSE:COR) stock closed at $282.39 per share with a market capitalization of $54.703 billion.

Carillon Eagle Mid Cap Growth Fund stated the following regarding Cencora, Inc. (NYSE:COR) in its Q1 2025 investor letter:

"Cencora, Inc. (NYSE:COR) is one of the largest pharmaceutical distributors in the United States. The company’s returns to shareholders have been strong as it exceeded expectations for its target growth rates. In its first fiscal quarter of 2025, Cencora reported impressive growth across revenue, operating income, and earnings per share (EPS). This solid performance highlights the company’s robust growth and stability in the healthcare sector."

Cencora, Inc. (NYSE:COR) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 58 hedge fund portfolios held Cencora, Inc. (NYSE:COR) at the end of the fourth quarter, compared to 45 in the third quarter. Cencora, Inc.'s (NYSE:COR) consolidated revenue in the first quarter of 2025 grew 13% to $81.5 billion. While we acknowledge the potential of Cencora, Inc. (NYSE:COR) 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 covered Cencora, Inc. (NYSE:COR) and shared the list of stocks Jim Cramer is bullish on. In addition, please check out our hedge fund investor letters Q1 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.