Core Insights - Madison Large Cap Fund underperformed the S&P 500 Index, decreasing by 2.2% in Q3 2025 compared to an 8.1% gain for the index, primarily due to a market focus on short-term profits [1] - The fund's top five contributors included Lowe's Companies, Inc., which benefited from an improving U.S. housing market and announced the acquisition of Foundation Building Materials [3] Fund Performance - Madison Large Cap Fund's performance in Q3 2025 was significantly lower than the S&P 500 Index, indicating challenges in the current market environment [1] - The fund's focus on long-term investments may have contributed to its underperformance relative to the benchmark [1] Company Focus: Lowe's Companies, Inc. - Lowe's Companies, Inc. experienced a one-month return of -3.21% and a 52-week loss of 13.66%, with its stock closing at $233.03 on November 10, 2025, and a market capitalization of $130.689 billion [2] - The company was highlighted as a top contributor to the fund's performance, with improvements linked to a thawing U.S. housing market and growth opportunities from its acquisition of Foundation Building Materials [3] Hedge Fund Interest - Lowe's Companies, Inc. was held by 75 hedge fund portfolios at the end of Q2 2025, an increase from 68 in the previous quarter, indicating growing interest among institutional investors [4] - Despite this interest, the analysis suggests that certain AI stocks may offer greater upside potential compared to Lowe's [4]