Improved Investor Sentiment Lifted MKS (MKSI) in Q3

Core Insights - Madison Mid Cap Fund's Class I returned 1.9% in Q3 2025, underperforming the Russell Midcap Index which increased by 5.3% [1] - The Information Technology sector led performance in both the quarter and year-to-date [1] Company Performance - MKS Instruments, Inc. (NASDAQ:MKSI) reported a one-month return of -3.11% but gained 20.51% over the last 52 weeks, closing at $138.49 per share with a market capitalization of $9.302 billion on November 20, 2025 [2] - MKS Instruments, Inc. achieved revenue of $988 million in Q3 2025, reflecting a 2% sequential increase and a 10% year-over-year growth [4] Investment Sentiment - MKS Instruments, Inc. was highlighted as a strong performer in the technology sector during Q3, benefiting from an improving semiconductor cycle and positive investor sentiment [3] - The number of hedge funds holding MKS Instruments, Inc. increased from 32 to 33 in the second quarter of 2025 [4]