Madison Investments, an funding advisor, launched its fourth-quarter 2025 investor letter for “Madison Mid Cap Fund”. A replica of the letter might be downloaded right here. The Russell Midcap Index ended an extremely profitable three-year run with a full-year return of 10.6%, amounting to an annual improve of greater than 14%. The market favored extra risky and speculative corporations in 2025. This market setting poses challenges for the Madison Mid Cap portfolio, which is targeted on high-quality, worthwhile companies. Traditionally, this focus has supported long-term funding success, and the agency stays dedicated to it, is optimistic concerning the alternatives this yr has introduced, and has actively capitalized on them. In opposition to this backdrop, the Fund decreased 1.2% in This autumn 2025, lagging the Russell Midcap Index’s 0.2% improve. Please evaluate the Fund’s prime 5 holdings to realize insights into their key alternatives for 2025.
In its fourth-quarter 2025 investor letter, Madison Mid Cap Fund highlighted shares like Liberty Broadband Company (NASDAQ:LBRDK). Headquartered in Englewood, Colorado, Liberty Broadband Company (NASDAQ:LBRDK) is a US-based communication providers supplier and its principal asset is its possession curiosity in Constitution Communications. On March 10, 2026, Liberty Broadband Company (NASDAQ:LBRDK) inventory closed at $50.97 per share. One-month return of Liberty Broadband Company (NASDAQ:LBRDK) was -9.21%, and its shares misplaced 32.17% over the previous 52 weeks. Liberty Broadband Company (NASDAQ:LBRDK) has a market capitalization of $7.314 billion.
Madison Mid Cap Fund said the next relating to Liberty Broadband Company (NASDAQ:LBRDK) in its fourth quarter 2025 investor letter:
“The underside 5 detractors for the quarter have been Trex, Brown & Brown, CDW, Ground & Décor, and Liberty Broadband Company (NASDAQ:LBRDK). Liberty Broadband, which derives almost all its worth from its possession stake in Constitution Communications, dropped as Constitution reported a second straight quarter of disappointing profitability and broadband subscriber losses. Regardless of this, we consider the prospects for elevated free money movement present stable valuation assist for the inventory.”
Liberty Broadband Company (NASDAQ:LBRDK)) will not be on our checklist of 40 Most Common Shares Amongst Hedge Funds Heading Into 2026. In line with our database, 59 hedge fund portfolios held Liberty Broadband Company (NASDAQ:LBRDK)) on the finish of the fourth quarter, up from 54 within the earlier quarter. Whereas we acknowledge the potential of Liberty Broadband Company (NASDAQ:LBRDK)) as an funding, we consider sure AI shares provide higher upside potential and carry much less draw back danger. For those who’re searching for an especially undervalued AI inventory that additionally stands to learn considerably from Trump-era tariffs and the onshoring pattern, see our free report on the greatest short-term AI inventory.
