Core Insights - Madison Investments reported a decrease of 1.2% in the Madison Mid Cap Fund for Q4 2025, underperforming the Russell Midcap Index, which increased by 0.2% [1] - The Russell Midcap Index achieved a full-year return of 10.6% in 2025, marking an annual increase of over 14% [1] - The market in 2025 favored more volatile and speculative companies, presenting challenges for the Madison Mid Cap portfolio, which focuses on high-quality, profitable businesses [1] Company Highlights - Ross Stores, Inc. (NASDAQ:ROST) was highlighted as a leading contributor to the Madison Mid Cap Fund, with a stock price of $212.93 as of March 10, 2026 [2] - Ross Stores achieved a one-month return of 10.13% and a remarkable 67.60% increase over the past 52 weeks, with a market capitalization of $68.92 billion [2] - The company reported strong sales results in Q4 2025 and management provided an optimistic outlook, benefiting from a strategy focused on offering better value through familiar brands at low prices [3] Hedge Fund Interest - Ross Stores, Inc. was held by 71 hedge fund portfolios at the end of Q4 2025, an increase from 58 in the previous quarter [4] - Despite the potential of Ross Stores as an investment, the company is not among the 40 most popular stocks among hedge funds, with some analysts suggesting that certain AI stocks may offer greater upside potential [4]