Agilent Technologies, Inc.

New York Stock Exchange
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Somewhat Bullish +50

Carillon Scout Mid Cap Fund Q1 2026 Portfolio Review

🚀 Hyperscalers drove market trends while emerging groups like small AI-focused cloud data center operators saw rapid growth.

🧪 Teradyne stands to gain from rising semiconductor test complexity related to AI accelerators, networking, and memory chips.

📉 Agilent underperformed in Q1 despite solid headline results due to softer underlying investment focus.

💻 Ciena specializes in advanced optical networking hardware including transport systems and pluggable transceivers.

📅 This review reflects the Carillon Scout Mid Cap Fund's Q1 2026 portfolio commentary released on April 28, 2026.

Bullish Signals
  • Hyperscalers led the trend with strong performance, indicating robust demand in the infrastructure sector.
  • Smaller AI-focused cloud data center operators grew rapidly, highlighting upside potential in emerging customer groups.
  • Teradyne benefits from increasing semiconductor test complexity for AI accelerator, networking, and memory chips, positioning it well for continued growth.
  • Ciena designs and manufactures advanced optical networking hardware including transport systems and pluggable transceivers, serving key infrastructure needs.
Risk Factors
  • Agilent lagged in the first quarter despite posting solid headline results, as investors focused on a few softer underlying trends.
  • The Carillon Scout Mid Cap Fund commentary highlights that Hyperscalers led the trend while emerging customer groups such as smaller AI-focused cloud data center operators grew rapidly, potentially intensifying competitive pressure.
Full Analysis
The Carillon Scout Mid Cap Fund Q1 2026 portfolio review highlights the continued dominance of hyperscalers while noting significant growth in smaller AI-focused cloud data center operators during the first quarter of 2026. The commentary identifies several key holdings including Teradyne (TER), which is benefiting from increased semiconductor testing complexity for AI accelerator, networking, and memory chips. Ciena (CIEN) is highlighted for its design and manufacturing of advanced optical networking hardware, including transport systems and pluggable transceivers, though the specific stock performance description was cut off in the provided text. Investor sentiment appears mixed regarding other holdings, with Agilent lagging in the first quarter despite posting solid headline results. This underperformance is attributed to investor focus on softer underlying trends rather than overall financial performance. The review also lists a comprehensive set of tickers associated with the portfolio including MPC, ATI, CASY, MDB, TTAN, CPNG, A, HOOD, and others, indicating a diverse range of mid-cap positions beyond the specifically analyzed semiconductor and networking sectors. The article notes that this content was excerpted from a broader commentary by Raymond James Investment Management, a global asset-management firm that emphasizes combining individual investment team agility with institutional-class portfolio managers. The review is part of the firm's long-term strategy to help investors achieve financial goals, though it includes a disclaimer stating the Seeking Alpha account hosting this review is not managed or monitored by Raymond James Investment Management and readers should use official channels for inquiries. The publication date is April 28, 2026, reflecting the fund's performance through the end of the first quarter in that fiscal year.