Madison Investments released its “Madison Mid Cap Fund” second-quarter 2025 investor letter. The fund (Class Y) returned 5.2% in the quarter, compared to the 8.5% increase for the Russell Midcap Index. Check the fund’s top five holdings for its best picks in 2025.

In its second-quarter 2025 investor letter, the Madison Mid Cap Fund highlighted Brown-Forman Corporation (NYSE:BF-B). The company produces alcoholic beverages, with shares losing 41.58% of their value over the last 52 weeks. On September 19, 2025, Brown-Forman Corporation (NYSE:BF-B) stock closed at $27.48 per share.

The Madison Mid Cap Fund sold its small position in Brown-Forman Corporation (NYSE:BF-B). The fund believes liquor sales failed to bounce back post-Covid due to societal trends like weight loss drugs and healthier lifestyles, along with uncertainties like tariffs on American whiskey exports.

Brown-Forman Corporation (NYSE:BF-B) is not among the 30 most popular stocks among hedge funds. While there is investment potential, certain AI stocks may offer greater upside potential. Check out more investor letters from hedge funds and leading investors for further insights.

For more insights, check out the hedge fund investor letters Q2 2025 page. Also, explore articles on the best and worst Dow stocks for the next 12 months and 10 unstoppable stocks that could double your money. No disclosures in this article.

Read more at Yahoo Finance: Madison Mid Cap Fund Trimmed its Position in Brown-Forman (BF-B)