Madison Investments, an investment advisor, released its “Madison Large Cap Fund” second-quarter 2025 investor letter. A copy of the letter can be downloaded here. In the second quarter, the fund (Class Y) increased 3.1%, compared to a 10.9% gain for the S&P 500 index. In addition, please check the fund’s top five holdings to know its best picks in 2025.
In its second quarter 2025 investor letter, Madison Large Cap Fund highlighted stocks such as Fiserv, Inc. (NYSE:FI). Fiserv, Inc. (NYSE:FI) is a payment and fintech services provider. The one-month return of Fiserv, Inc. (NYSE:FI) was -2.98%, and its shares gained 4.31% of their value over the last 52 weeks. On July 21, 2025, Fiserv, Inc. (NYSE:FI) stock closed at $165.46 per share with a market capitalization of $91.737 billion.
Madison Large Cap Fund stated the following regarding Fiserv, Inc. (NYSE:FI) in its second quarter 2025 investor letter:
“The bottom five detractors for the quarter were Fiserv, Inc. (NYSE:FI), Arch Capital Group, Copart, Alcon, and Progressive. Fiserv’s shares sold off sharply in the quarter due to a slowdown in volume growth at its Clover payment processing unit. Fiserv’s other businesses are performing well, and we believe the slowdown at Clover is due to transitory factors and that growth will pick back up in the latter part of 2025.”
A businesswoman using a digital tablet, making a payment using the company’s payment processing technology.
Fiserv, Inc. (NYSE:FI) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 72 hedge fund portfolios held Fiserv, Inc. (NYSE:FI) at the end of the first quarter, which was 80 in the previous quarter. While we acknowledge the potential of Fiserv, Inc. (NYSE:FI) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
In another article, we covered Fiserv, Inc. (NYSE:FI) and shared Oakmark Equity and Income Fund’s views on the company. Ariel Appreciation Fund established a position in Fiserv, Inc. (NYSE:FI) during Q2 2025. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors.
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Disclosure: None. This article is originally published at Insider Monkey.
