Yahoo Finance·2026-03-11 14:01Core Insights - Madison Mid Cap Fund's fourth-quarter 2025 investor letter indicates a challenging market environment for high-quality, profitable businesses, as the Russell Midcap Index achieved a full-year return of 10.6% with an annual increase of over 14% [1] - The Fund experienced a decrease of 1.2% in Q4 2025, underperforming the Russell Midcap Index, which increased by 0.2% [1] Company-Specific Insights - Liberty Broadband Corporation (NASDAQ:LBRDK) is highlighted as a key stock in the Madison Mid Cap Fund's portfolio, with a market capitalization of $7.314 billion [2] - The stock closed at $50.97 per share on March 10, 2026, with a one-month return of -9.21% and a 52-week loss of 32.17% [2] - Liberty Broadband was among the bottom five detractors for the quarter, primarily due to disappointing profitability and broadband subscriber losses reported by Charter Communications [3] - Despite recent challenges, the Fund believes that increased free cash flow prospects provide solid valuation support for Liberty Broadband's stock [3] Hedge Fund Interest - Liberty Broadband Corporation (NASDAQ:LBRDK) was held by 59 hedge fund portfolios at the end of Q4 2025, an increase from 54 in the previous quarter [4] - While acknowledging Liberty Broadband's potential, the Fund suggests that certain AI stocks may offer greater upside potential with less downside risk [4]