Madison Investments, an funding advisor, launched its first-quarter 2026 investor letter for the “Madison Massive Cap Fund”. A duplicate of the letter is on the market to obtain right here. The Madison Massive Cap Fund (Class I) declined 2.7% within the quarter, outperforming the S&P 500’s -4.33% return. The fund focuses on long-term capital appreciation. The quarter noticed a shift within the fairness market past the mega-cap expertise shares into bodily financial system shares, influenced by fears of AI disruption. Moreover, rising commodity costs as a result of Center East battle reignited inflation issues, benefiting sectors corresponding to Power, Supplies, Utilities, Staples, and Actual Property, which the Fund doesn’t spend money on, impacting its relative efficiency. Please evaluation the Fund’s prime 5 holdings to realize insights into their key choices for 2026.
In its first-quarter 2026 investor letter, Madison Massive Cap Fund highlighted Keysight Applied sciences, Inc. (NYSE:KEYS) as a notable contributor. Keysight Applied sciences, Inc. (NYSE:KEYS) is a expertise firm that designs and manufactures digital design and check options for communications, electronics, and aerospace and protection (A&D) industries. On June 12, 2026, Keysight Applied sciences, Inc. (NYSE:KEYS) closed at $350.50 per share. One-month return of Keysight Applied sciences, Inc. (NYSE:KEYS) was 2.99%, and its shares gained 116.10% over the previous 52 weeks. Keysight Applied sciences, Inc. (NYSE:KEYS) has a market capitalization of $62.83 billion.
Madison Massive Cap Fund acknowledged the next relating to Keysight Applied sciences, Inc. (NYSE:KEYS) in its Q1 2026 investor letter:
“The highest 5 contributors for the quarter had been Keysight Applied sciences, Inc. (NYSE:KEYS), Analog Units, Texas Devices, Deere, and PACCAR. Digital check and measurement firm Keysight Applied sciences once more reported sturdy quarterly outcomes and an excellent higher outlook. Together with Keysight’s core finish markets returning to development, it’s benefiting from rising demand for AI-specific use circumstances in optical and electrical tools.”
Keysight Applied sciences, Inc. (NYSE:KEYS) shouldn’t be on our checklist of 40 Most Common Shares Amongst Hedge Funds Heading Into 2026. In keeping with our database, 66 hedge fund portfolios held Keysight Applied sciences, Inc. (NYSE:KEYS) on the finish of the fourth quarter, up from 51 within the earlier quarter. Keysight Applied sciences, Inc. (NYSE:KEYS) income grew 31% on a reported foundation within the second quarter of fiscal 2026 to $1.72 billion. Whereas we acknowledge the potential of Keysight Applied sciences, Inc. (NYSE:KEYS) as an funding, we consider sure AI shares provide larger upside potential and carry much less draw back threat. Should you’re searching for an especially undervalued AI inventory that additionally stands to profit considerably from Trump-era tariffs and the onshoring pattern, see our free report on the greatest short-term AI inventory.