Madison Investments, an funding advisor, launched its fourth-quarter 2025 investor letter for the “Madison Giant Cap Fund”. A replica of the letter might be downloaded right here. Within the fourth quarter, the S&P 500 returned 2.65%, leading to a full-year return of 17.9% for 2025. During the last three years, the Index has achieved annual development of over 21%. Following the latest developments, market management was outlined by Excessive Beta and Momentum elements, with slim participation. Nevertheless, within the fourth quarter, the market noticed slight enhancements in beforehand lagging sectors like Healthcare, Financials, and Client Discretionary. Nonetheless, mega-cap know-how firms remained the first drivers of the S&P 500’s general return, indicating excessive inventory focus. Towards this backdrop, the Madison Giant Cap Fund (Class I) appreciated 3.43% in comparison with the S&P 500 Index’s 2.65% return. As well as, please test the Fund’s high 5 holdings to know its finest picks in 2025.
In its fourth-quarter 2025 investor letter, Madison Giant Cap Fund highlighted shares like Fiserv, Inc. (NASDAQ:FISV). Fiserv, Inc. (NASDAQ:FISV) is an American monetary know-how firm that gives know-how companies and options. On February 23, 2026, Fiserv, Inc. (NASDAQ:FISV) inventory closed at $58.40 per share. One-month return of Fiserv, Inc. (NASDAQ:FISV) was -11.90%, and its shares had been down 74.87% over the previous twelve months. Fiserv, Inc. (NASDAQ:FISV) has a market capitalization of $31.746 billion.
Madison Giant Cap Fund acknowledged the next relating to Fiserv, Inc. (NASDAQ:FISV) in its fourth quarter 2025 investor letter:
“The underside 5 detractors for the quarter had been Fiserv, Inc. (NASDAQ:FISV), CDW Company, Copart, Progressive, and Texas Devices. Fiserv reported disappointing outcomes with income declining in its Monetary Options phase. Moreover, new administration believes the corporate requires extra funding throughout its companies in an effort to enhance its product suite. In consequence, we misplaced conviction within the firm’s sturdy development profile and offered our shares.”
Fiserv, Inc. (NASDAQ:FISV) will not be on our record of 30 Most Well-liked Shares Amongst Hedge Funds. In line with our database, 82 hedge fund portfolios held Fiserv, Inc. (NASDAQ:FISV) on the finish of the fourth quarter, in comparison with 83 within the earlier quarter. Whereas we acknowledge the potential of Fiserv, Inc. (NASDAQ:FISV) as an funding, we consider sure AI shares provide higher upside potential and carry much less draw back danger. If you happen to’re searching for a particularly undervalued AI inventory that additionally stands to learn considerably from Trump-era tariffs and the onshoring development, see our free report on the finest short-term AI inventory.
