Madison Mid Cap Fund Sold GCI Liberty (GLIBK) in Q3

Madison Investments, an investment advisor, released its “Madison Mid Cap Fund” third-quarter 2025 investor letter. A copy of the letter can be downloaded here. In the third quarter, the fund (Class I) returned 1.9% compared to the 5.3% increase for the Russell Midcap Index. The Russell Mid Cap Index experienced significant growth in the third quarter of 2025. Information Technology led the performance both in the quarter and YTD. In addition, please check the fund’s top five holdings to know its best picks in 2025.

In its third-quarter 2025 investor letter, Madison Mid Cap Fund highlighted stocks such as GCI Liberty, Inc. (NASDAQ:GLIBK). GCI Liberty, Inc. (NASDAQ:GLIBK) is a range of data, wireless, video, voice, and managed services provider. The one-month return of GCI Liberty, Inc. (NASDAQ:GLIBK) was -6.56%, and in three months its shares lost 12.56% of their value. On November 20, 2025, GCI Liberty, Inc. (NASDAQ:GLIBK) stock closed at $33.75 per share, with a market capitalization of $968.552 million.

Madison Mid Cap Fund stated the following regarding GCI Liberty, Inc. (NASDAQ:GLIBK) in its third quarter 2025 investor letter:

“We sold one holding, GCI Liberty, Inc. (NASDAQ:GLIBK), which was spun out of Liberty Broadband during the quarter. GCI Liberty owns cable and telecom assets in Alaska. Given mediocre prospects for growth, as well as the small market capitalization of the business and immaterial position in our portfolio, we sold the shares shortly after receiving them.”

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GCI Liberty, Inc. (NASDAQ:GLIBK) is not on our list of 30 Most Popular Stocks Among Hedge Funds. While we acknowledge the risk and potential of GCI Liberty, Inc. (NASDAQ:GLIBK) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than GCI Liberty, Inc. (NASDAQ:GLIBK) and that has 10,000% upside potential, check out our report about this cheapest AI stock.

In addition, please check out our hedge fund investor letters Q3 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.