U.S. Value Investment Strategies

Large Cap Value

Madison’s large cap value strategy is comprised of 30-50 holdings with at least a $1 billion market cap. The strategy has a goal of achieving long-term outperformance over a complete market cycle on a risk-adjusted basis.

To achieve this goal, the team invests in "value" stocks with rising return on invested capital (ROIC) and current valuations below the team's perceived intrinsic value of the stock. The team believes ROIC is the most important metric for evaluating a stock.

Stocks with rising ROIC usually have expanding margins, accelerating earnings growth and working capital improvement.  Additionally, the team’s process attempts to manage risks by avoiding value traps and dead money stocks.  


Large Cap Value Fund

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  • “Madison” and/or “Madison Investments” is the unifying tradename of Madison Investment Holdings, Inc., Madison Asset Management, LLC, and Madison Investment Advisors, LLC, which also includes the Madison Scottsdale office.  Madison Funds are distributed by MFD Distributor, LLC.  Madison is registered as an investment adviser with the U.S. Securities and Exchange Commission.  MFD Distributor, LLC is registered with the U.S. Securities and Exchange Commission as a broker-dealer, and is a member firm of the Financial Industry Regulatory Authority. 

    Madison Investments shares all personnel and resources at their Madison, Wisconsin location. Statistical data is for the consolidated Madison organization. The Madison organization consists of its holding company, Madison Investment Holdings, Inc. and its affiliates: Madison Asset Management, LLC; Madison Investment Advisors, LLC; and Hansberger Growth Investors, LP. Asset information presented includes non-discretionary assets. Refer to each entity’s Disclosure Brochure for more information.