Madison Investments reports decrease in fund, but believes Gartner can manage challenges

From Yahoo Finance: 2025-04-23 10:15:00

Madison Investments, an investment advisor, reported a 4.15% decrease in its Madison Mid Cap Fund (Class I) in the first quarter of 2025, compared to the Russell Midcap Index’s 3.40% decrease. The fund’s top five holdings for 2025 are available for review.

In its first-quarter 2025 investor letter, Madison Mid Cap Fund highlighted Gartner, Inc. (NYSE:IT), a research and advisory company founded in 1979. Gartner, Inc. (NYSE:IT) had a one-month return of -5.09% and closed at $400.31 per share on April 22, 2025, with a market cap of $30.951 billion.

Madison Mid Cap Fund discussed Gartner, Inc. (NYSE:IT) in its Q1 2025 investor letter, noting concerns about potential subscription cancellations from the US Federal government. However, the fund believes that Gartner’s overall exposure to this issue is limited and manageable in the long run.

Gartner, Inc. (NYSE:IT) is not among the 30 Most Popular Stocks Among Hedge Funds. However, 57 hedge fund portfolios held the stock at the end of the fourth quarter, representing an 8% year-over-year increase in revenue for Gartner, Inc. (NYSE:IT) in the fourth quarter of 2024.

In a separate article, Gartner, Inc. (NYSE:IT) was mentioned in a list of best WallStreet Bets stocks to buy according to hedge funds. For more investor letters from hedge funds and leading investors, visit the hedge fund investor letters Q1 2025 page.

Read more: Will Gartner (IT) be Able to Manage the Current Challenges?