Madison Investments reported a 2.2% decrease in their Madison Large Cap Fund for the third quarter of 2025, compared to an 8.1% gain for the S&P 500 Index. The fund underperformed due to the market’s focus on short-term profits. Check out their top five holdings for the year.

In their investor letter, Madison Large Cap Fund highlighted Gartner, Inc. (NYSE: IT), which saw a one-month return of -7.33% and a 58.48% loss over the last 52 weeks. On November 6, 2025, Gartner, Inc. (NYSE: IT) closed at $228.64 per share with a market cap of $16.48 billion.

Madison Large Cap Fund stated that Gartner, Inc. (NYSE: IT) was among the bottom five detractors for the quarter, with disappointing second-quarter results leading to a decline in shares. The fund believes the AI risk to Gartner is manageable due to its strong reputation and proprietary data.

Gartner, Inc. (NYSE: IT) is not among the 30 most popular stocks among hedge funds. In the third quarter of 2025, Gartner reported revenue of $1.5 billion, reflecting a 3% increase year-over-year. While acknowledging its potential, the fund believes certain AI stocks offer greater upside potential and less downside risk.

Read more at Yahoo Finance: Macro Environment Affected Gartner’s (IT) Performance in Q3