Here’s Why Madison Large Cap Fund Sold Elevance Health (ELV) in Q3
Madison Investments, an investment advisor, released its “Madison Large Cap Fund” third-quarter 2025 investor letter. A copy of the letter can be downloaded here.
| No. | Hedge Fund | Shares | Value | Activity | % Port |
|---|---|---|---|---|---|
| 1. | First Eagle Investment Management Jean-Marie Eveillard | 3,998,603 | $1,292,028,537 | +25% | 2.35% |
| 2. | Harris Associates Natixis Global Asset Management | 3,189,624 | $1,030,631,439 | +40% | 1.65% |
| 3. | Brave Warrior Capital Glenn Greenberg | 1,834,002 | $592,602,726 | +66% | 13.76% |
| 4. | Eagle Capital Management Boykin Curry | 1,571,691 | $507,844,892 | -1% | 1.62% |
| 5. | Arrowstreet Capital Peter Rathjens, Bruce Clarke And John Campbell | 1,511,604 | $488,429,484 | +61% | 0.31% |
| Insider | Price | Amount | Total Value | Remaining Holdings | Date | Form 4 |
|---|---|---|---|---|---|---|
| $312.15 | 1,200 | $374,580.00 | 3,502 | 2025-08-19 | Filing | |
| $287.96 | 1,050 | $302,358.00 | 151,020 | 2025-07-18 | Filing | |
| $287.12 | 5,116 | $1,468,905.92 | 149,970 | 2025-07-18 | Filing | |
| $286.07 | 2,334 | $667,687.38 | 144,854 | 2025-07-18 | Filing | |
| $384.36 | 1,300 | $499,668.00 | 4,714 | 2021-07-23 | Filing |
| Insider | Price | Amount | Total Value | Remaining Holdings | Date | Form 4 |
|---|---|---|---|---|---|---|
| $424.82 | 4,588 | $1,949,074.16 | 18,977 | 2025-04-24 | Filing | |
| $415.13 | 443 | $183,902.59 | 1,847 | 2025-03-10 | Filing | |
| $396.30 | 3,504 | $1,388,635.20 | 10,116 | 2025-03-05 | Filing | |
| $432.14 | 7,417 | $3,205,182.38 | 8,423 | 2024-10-18 | Filing | |
| $531.52 | 753 | $400,234.56 | 8,744 | 2024-08-05 | Filing |
| No. | Name | Shares | Value | % Port |
|---|---|---|---|---|
| 1. | 22,998,645 | $7,431,322,172 | 0.11% | |
| 2. | 20,533,269 | $6,634,710,108 | 0.12% | |
| 3. | 10,346,169 | $3,343,054,127 | 0.12% | |
| 4. | 6,621,297 | $2,139,473,488 | 0.37% | |
| 5. | 5,768,918 | $1,864,052,784 | 2.29% |