Here’s Why Madison Small Cap Fund Bets on AAON (AAON)
Madison Investments, an investment advisor, released its fourth-quarter 2025 investor letter for “Madison Small Cap Fund”. A copy of the letter can be downloaded here.
| No. | Hedge Fund | Shares | Value | Activity | % Port |
|---|---|---|---|---|---|
| 1. | Impax Asset Management Ian Simm | 1,403,648 | $107,028,204 | +54% | 0.67% |
| 2. | BAMCO Inc. Ron Baron | 738,016 | $56,273,720 | +2% | 0.15% |
| 3. | Royce & Associates Chuck Royce | 467,496 | $35,646,570 | +10% | 0.36% |
| 4. | Ranger Investment Management Conrad Doenges (Cio) | 420,336 | $32,050,620 | -1% | 2.2% |
| 5. | Citadel Investment Group Ken Griffin | 391,918 | $29,883,748 | +1955% | 0% |
| Insider | Price | Amount | Total Value | Remaining Holdings | Date | Form 4 |
|---|---|---|---|---|---|---|
| $77.59 | 4,141 | $321,300.19 | 15,212 | 2025-12-12 | Filing | |
| $80.85 | 1,000 | $80,850.00 | 12,730 | 2025-12-12 | Filing | |
| $82.25 | 1,000 | $82,250.00 | 11,730 | 2025-12-11 | Filing | |
| $81.70 | 428 | $34,967.60 | 1,783 | 2025-09-12 | Filing | |
| $80.86 | 1,000 | $80,860.00 | 3,000 | 2025-03-05 | Filing |
| Insider | Price | Amount | Total Value | Remaining Holdings | Date | Form 4 |
|---|---|---|---|---|---|---|
| $90.00 | 2,840 | $255,600.00 | 12,662 | 2026-03-12 | Filing | |
| $90.00 | 831 | $74,790.00 | 12,662 | 2026-03-12 | Filing | |
| $90.00 | 1,554 | $139,860.00 | 12,662 | 2026-03-12 | Filing | |
| $105.14 | 767 | $80,642.38 | 26,340 | 2025-11-12 | Filing | |
| $105.14 | 2,786 | $292,920.04 | 26,340 | 2025-11-12 | Filing |
| No. | Name | Shares | Value | % Port |
|---|---|---|---|---|
| 1. | 155,986 | $12,907,842 | 2.34% | |
| 2. | 17,903 | $1,481,473 | 0.73% | |
| 3. | 9,111 | $753,938 | 0.01% | |
| 4. | 7,593 | $628,321 | 0.16% | |
| 5. | 4,233 | $344,398 | 0% |