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Madison Large Cap Fund’s Q3 2025 Investor Letter

Madison Investments, an investment advisor, released its “Madison Large Cap Fund” third-quarter 2025 investor letter. The fund decreased 2.2% in the third quarter compared to an 8.1% gain for the S&P 500 Index. The current market focus on short-term profits led the fund to underperform the benchmark considerably in the quarter. In addition, please check the fund’s top five holdings to know its best picks in 2025.

A copy of Madison Large Cap Fund’s Q3 2025 investor letter can be downloaded here.