Carillon Tower Advisers, an investment management company, released its second-quarter 2026 investor letter for the “Carillon Eagle Mid Cap Growth Fund”. A copy of the letter is available to download here. Mid-cap stocks delivered strong results, with the Russell Midcap® Growth Index rising 14.55% and slightly outperforming the Russell Midcap® Value Index’s 13.40% gain. Information technology led the growth index with a 36.90% return, while industrials also outperformed, and energy was the only sector to decline. The quarter was supported by resilient corporate earnings, economic growth and AI infrastructure spending, although geopolitical tensions, higher energy prices and election-related uncertainty could create volatility. The firm remains optimistic that data-center investment will support technology, energy, defense and automation companies, while attractive healthcare valuations and stronger merger activity could create opportunities. However, financials and consumer stocks face mixed conditions because of housing weakness, inflation and uneven spending. In addition, please check the Fund’s top five holdings to know its best picks in 2026.
In its second-quarter 2026 investor letter, Carillon Eagle Mid Cap Growth Fund highlighted Datadog, Inc. (NASDAQ:DDOG). Datadog, Inc. (NASDAQ:DDOG) operates an observability and security platform for cloud applications in the United States and internationally. On July 30, 2026, Datadog, Inc. (NASDAQ:DDOG) closed at $268.56 per share. The one-month return of Datadog, Inc. (NASDAQ:DDOG) was 2.58% and its shares gained 96.96% over the past 52 weeks. Datadog, Inc. (NASDAQ:DDOG) has a market capitalization of $95.6 billion.
Carillon Eagle Mid Cap Growth Fund stated the following regarding Datadog, Inc. (NASDAQ:DDOG) in its Q2 2026 investor letter:
“Datadog, Inc. (NASDAQ:DDOG), which provides software that enterprises use to monitor infrastructure, applications, and security signals, reported quarterly earnings above expectations. Revenue growth was broad-based and accelerated year over year. That growth was driven both by traditional use cases and by new workload monitoring driven by artificial intelligence (AI); Datadog is now regarded as a beneficiary of AI adoption. Strong new customer activity and existing customer expansion activity and usage trends led to forward guidance above expectations as well.”
Datadog, Inc. (NASDAQ:DDOG) is not on our list of the 40 Most Popular Stocks Among Hedge Funds. As per our database, 80 hedge fund portfolios held Datadog, Inc. (NASDAQ:DDOG) at the end of the first quarter which was 75 in the previous quarter. While we acknowledge the potential of Datadog, Inc. (NASDAQ:DDOG) 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.
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