Here’s Why Madison Large Cap Fund Chose to Exit Nike (NKE)

3 weeks ago 21

Soumya Eswaran

Wed, February 25, 2026 astatine 6:34 AM CST 3 min read

Madison Investments, an concern advisor, released its fourth-quarter 2025 capitalist missive for the “Madison Large Cap Fund”. A transcript of the missive tin beryllium downloaded here. In the 4th quarter, the S&P 500 returned 2.65%, resulting successful a full-year instrumentality of 17.9% for 2025. Over the past 3 years, the Index has achieved yearly maturation of implicit 21%. Following the caller trends, marketplace enactment was defined by High Beta and Momentum factors, with constrictive participation. However, successful the 4th quarter, the marketplace saw flimsy improvements successful antecedently lagging sectors similar Healthcare, Financials, and Consumer Discretionary. Still, mega-cap exertion companies remained the superior drivers of the S&P 500's wide return, indicating precocious banal concentration. Against this backdrop, the Madison Large Cap Fund (Class I) appreciated 3.43% compared to the S&P 500 Index’s 2.65% return. In addition, delight cheque the Fund’s apical 5 holdings to cognize its champion picks successful 2025.

In its fourth-quarter 2025 capitalist letter, Madison Large Cap Fund highlighted stocks similar NIKE, Inc. (NYSE:NKE). Headquartered successful Beaverton, Oregon, NIKE, Inc. (NYSE:NKE) is simply a multinational institution that designs, develops, and sells diversion and casual footwear, apparel, and equipment. On February 24, 2026, NIKE, Inc. (NYSE:NKE) banal closed astatine $64.09 per share. One-month instrumentality of NIKE, Inc. (NYSE:NKE) was -2.76%, and its shares mislaid 21.04% implicit the past 52 weeks. NIKE, Inc. (NYSE:NKE) has a marketplace capitalization of $94.878 billion.

Madison Large Cap Fund stated the pursuing regarding NIKE, Inc. (NYSE:NKE) successful its 4th fourth 2025 capitalist letter:

"During the quarter, we sold Fiserv and NIKE, Inc. (NYSE:NKE). We discussed our rationale for exiting Fiserv successful the portfolio show section. The 2nd concern we sold was Nike, a sports focused apparel company. While we person been encouraged by caller CEO Elliot Hill’s “Win Now” betterment program and the instrumentality of gross growth, the banal had rebounded towards our estimation of intrinsic value, and therefore, we elected to merchantability the shares."

KeyBanc Trims Nike (NKE) Target but Sees Early Signs of Stabilization

NIKE, Inc. (NYSE:NKE) is not connected our database of 30 Most Popular Stocks Among Hedge Funds. According to our database, 82 hedge money portfolios held NIKE, Inc. (NYSE:NKE) astatine the extremity of the 4th quarter, compared to 89 successful the erstwhile quarter. While we admit the imaginable of NIKE, Inc. (NYSE:NKE) arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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