Madison Mid Cap Fund Sold GCI Liberty (GLIBK) in Q3

Madison Investments, an investment advisor, released its “Madison Mid Cap Fund” third-quarter 2025 investor letter. A copy of the letter can be downloaded here. In the third quarter, the fund (Class I) returned 1.9% compared to the 5.3% increase for the Russell Midcap Index. The Russell Mid Cap Index experienced significant growth in the third quarter of 2025. Information Technology led the performance both in the quarter and YTD. In addition, please check the fund’s top five holdings to know its best picks in 2025.

In its third-quarter 2025 investor letter, Madison Mid Cap Fund highlighted stocks such as GCI Liberty, Inc. (NASDAQ:GLIBK). GCI Liberty, Inc. (NASDAQ:GLIBK) is a range of data, wireless, video, voice, and managed services provider. The one-month return of GCI Liberty, Inc. (NASDAQ:GLIBK) was -6.56%, and in three months its shares lost 12.56% of their value. On November 20, 2025, GCI Liberty, Inc. (NASDAQ:GLIBK) stock closed at $33.75 per share, with a market capitalization of $968.552 million.

Madison Mid Cap Fund stated the following regarding GCI Liberty, Inc. (NASDAQ:GLIBK) in its third quarter 2025 investor letter:

"We sold one holding, GCI Liberty, Inc. (NASDAQ:GLIBK), which was spun out of Liberty Broadband during the quarter. GCI Liberty owns cable and telecom assets in Alaska. Given mediocre prospects for growth, as well as the small market capitalization of the business and immaterial position in our portfolio, we sold the shares shortly after receiving them."

GCI Liberty, Inc. (NASDAQ:GLIBK) is not on our list of 30 Most Popular Stocks Among Hedge Funds. While we acknowledge the potential of GCI Liberty, Inc. (NASDAQ:GLIBK) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

In addition, please check out our hedge fund investor letters Q3 2025 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.