Published on 18 Apr 2024 on Insider Monkey via Yahoo Finance
Madison Small Cap Fund Sold PTC in Q1
Madison Investments, an investment advisor, released its “Madison Small Cap Fund” first-quarter 2024 investor letter. A copy of the letter can be downloaded here. In the first quarter, the fund returned 11.4% compared to a 5.2% return for the Russell 2000 Index and a 6.9% return for the Russell 2500 Index. All sectors except communication services and energy posted positive relative performance. Sector allocation was also additive, even though stock selection was primarily responsible for the fund’s outperformance. In addition, you can check the top 5 holdings of the fund to know its best picks in 2024.
Madison Small Cap Fund featured stocks like PTC Inc. (NASDAQ:PTC) in the first quarter 2024 investor letter. Headquartered in Boston, Massachusetts, PTC Inc. (NASDAQ:PTC) is a software company. On April 17, 2024, PTC Inc. (NASDAQ:PTC) stock closed at $177.48 per share. One-month return of PTC Inc. (NASDAQ:PTC) was -6.44%, and its shares gained 41.23% of their value over the last 52 weeks. PTC Inc. (NASDAQ:PTC) has a market capitalization of $21.218 billion.