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Madison Investments, an investment advisor, released its “Madison Large Cap Fund” first-quarter 2025 investor letter. A copy of the letter can be downloaded here. In the first quarter, the fund (Class I) decreased 0.93% compared to the 4.27% decline for the S&P 500 index. In addition, please check the fund’s top five holdings to know its best picks in 2025.
In its first-quarter 2025 investor letter, Madison Large Cap Fund highlighted stocks such as U.S. Bancorp (NYSE:USB). Headquartered in Minneapolis, Minnesota, U.S. Bancorp (NYSE:USB) is a financial services holding company. The one-month return of U.S. Bancorp (NYSE:USB) was -7.36%, and its shares lost 2.29% of their value over the last 52 weeks. On April 24, 2025, U.S. Bancorp (NYSE:USB) stock closed at $40.05 per share with a market capitalization of $62.478 billion.
Madison Large Cap Fund stated the following regarding U.S. Bancorp (NYSE:USB) in its Q1 2025 investor letter:
"We sold our investment in U.S. Bancorp (NYSE:USB), a large domestic regional bank. We have long admired its strong record of disciplined lending and its attractive mix of fee-based businesses. Together, these characteristics have led to a track record of generating best-in-class returns on equity. While these appealing characteristics are still present today, growth opportunities have waned as it has become one of the largest banks in the United States. We elected to sell our position and reallocate the funds to more promising opportunities."
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U.S. Bancorp (NYSE:USB) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 48 hedge fund portfolios held U.S. Bancorp (NYSE:USB) at the end of the fourth quarter compared to 46 in the third quarter. While we acknowledge the potential of U.S. Bancorp (NYSE:USB) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
In another article, we covered U.S. Bancorp (NYSE:USB) and shared the list of best growing dividend stocks with low P/E ratios. In addition, please check out our hedge fund investor letters Q1 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.