Browse the world's most comprehensive database of hedge fund investor letters, sorted by recent quarter. Access primary source research from leading institutional managers.
Browse the world's most comprehensive archive of hedge fund manager letters. Access primary source research from leading institutional managers, sorted by reporting period.
The fund outperformed its benchmark in Q2 2025 with a 12.14% return, driven by strength in industrials and timely adjustments in financial services holdings amid shifting global tariff policies.
Full Quick Take
The fund outperformed its benchmark in Q2 2025 with a 12.14% return, driven by strength in industrials and timely adjustments in financial services holdings amid shifting global tariff policies.
The Madison Large Cap Fund underperformed the S&P 500 in Q2 2025, returning 3.12%. Capital was actively redeployed out of Berkshire Hathaway and into opportunistic new positions in Airbnb, CDW, and Gartner.
Full Quick Take
The Madison Large Cap Fund underperformed the S&P 500 in Q2 2025, returning 3.12%. Capital was actively redeployed out of Berkshire Hathaway and into opportunistic new positions in Airbnb, CDW, and Gartner.
