Published on 29 Jun 2023 on Insider Monkey via Yahoo Finance
Madison Investments, an investment advisor, released its “Madison Small Cap Fund” first-quarter 2023 investor letter. A copy of the same can be downloaded here. In the first quarter, the fund (Class Y) returned 5.69% compared to a 2.74% rise for the Russell 2000 and a 3.39% increase for the Russell 2500 Index. Holdings in the Consumer Discretionary sector and low exposure to Financials, particularly regional banks drove the fund’s performance in the quarter. In addition, you can check the top 5 holdings of the fund to know its best picks in 2023.
Madison Small Cap Fund highlighted stocks like National Instruments Corporation (NASDAQ:NATI) in the first quarter 2023 investor letter. Headquartered in Austin, Texas, National Instruments Corporation (NASDAQ:NATI) is a software-centric platform provider to engineers and scientists. On June 28, 2023, National Instruments Corporation (NASDAQ:NATI) stock closed at $57.45 per share. One-month return of National Instruments Corporation (NASDAQ:NATI) was -0.59%, and its shares gained 83.96% of their value over the last 52 weeks. National Instruments Corporation (NASDAQ:NATI) has a market capitalization of $7.627 billion.
Madison Small Cap Fund made the following comment about National Instruments Corporation (NASDAQ:NATI) in its first quarter 2023 investor letter: