News Summary

• Madison Investments, an investment advisor, released its “Madison Large Cap Fund” second-quarter 2025 investor letter.
• In the second quarter, the fund (Class Y) increased 3.1%, compared to a 10.9% gain for the S&P 500 index.
• The one-month return of Gartner, Inc. (NYSE:IT) was -11.39%, and its shares lost 25.14% of their value over the last 52 weeks.
• The company has an attractive business model characterized by recurring revenues, strong pricing power, negative working capital and high return on invested capital.