How did the Madison Large Cap Fund perform in Q1 2026?

The fund returned -2.7% in Q1 2026, outperforming the S&P 500's -4.33%.

Why did the Madison Large Cap Fund sell Starbucks shares?

The fund did not specify a reason, but it could be due to portfolio rebalancing or seeking better opportunities.

Should investors sell Starbucks shares after this decision?

No, a single fund's decision is not a recommendation. Investors should evaluate the company's fundamentals themselves.

Madison Large Cap Fund Sells Starbucks (SBUX): Here's Why

Madison Investments, in its Q1 2026 investor letter for the Madison Large Cap Fund, revealed it chose to sell its position in Starbucks (SBUX). The fund declined 2.7% in the quarter, outperforming the S&P 500's -4.33% return.

June 16, 2026

2 min read

Source: Insider Monkey

Key Numbers

fund return

-2.7%

sp500 return

-4.33%

Madison Investments, an investment advisor, released its first-quarter 2026 investor letter for the “Madison Large Cap Fund,” disclosing that it sold its shares in Starbucks Corporation (SBUX). The letter did not provide specific details on the size of the stake or the exact reasons for the sale.

Fund Performance

The Madison Large Cap Fund (Class I) posted a -2.7% return in Q1 2026, outperforming the S&P 500's -4.33% decline. The fund focuses on long-term capital appreciation.

Why Did Madison Sell Starbucks?

Madison did not elaborate on the decision in the letter. Possible reasons could include rebalancing the portfolio, taking profits, or shifting to more attractive opportunities. The sale may also reflect a cautious view on the consumer cyclical sector.

What This Means for Investors

While a major fund's sale of Starbucks might raise eyebrows, investors should not overreact. It is essential to conduct independent analysis of SBUX's fundamentals, including its earnings, growth prospects, and competitive position.

Frequently Asked Questions

The Madison Large Cap Fund is an investment fund managed by Madison Investments, focusing on long-term capital appreciation by investing in large-cap companies.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.