Madison Investments, an investment advisor, released its “Madison Mid 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 4.15% compared to the 3.40% decrease for the Russell Midcap 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 Mid Cap Fund highlighted stocks such as Carlisle Companies Incorporated (NYSE:CSL). Headquartered in Scottsdale, Arizona, Carlisle Companies Incorporated (NYSE:CSL) manufactures and supplies building envelope products and solutions. The one-month return of Carlisle Companies Incorporated (NYSE:CSL) was 2.54%, and its shares lost 5.25% of their value over the last 52 weeks. On April 22, 2025, Carlisle Companies Incorporated (NYSE:CSL) stock closed at $355.60 per share with a market capitalization of $15.7 billion.

Madison Mid Cap Fund stated the following regarding Carlisle Companies Incorporated (NYSE:CSL) in its Q1 2025 investor letter:

"We added to two stocks during the quarter. Carlisle Companies Incorporated (NYSE:CSL) shares were weak given concerns over residential and non-residential real estate demand given interest rates and economic uncertainty. However, valuation looks compelling given the solid long-term outlook for demand and earnings."

A close-up of a technician assembling a complex wiring harness for a building product.

Carlisle Companies Incorporated (NYSE:CSL) is not on our list of 30 Most Popular Stocks Among Hedge Funds. Our database shows that 42 hedge fund portfolios held Carlisle Companies Incorporated (NYSE:CSL) at the end of the fourth quarter, compared to 40 in the third quarter. Carlisle Companies Incorporated (NYSE:CSL) reported consolidated revenue of $1.1 billion in the fourth quarter of 2024, which remained flat year-over-year. While we acknowledge the potential of Carlisle Companies Incorporated (NYSE:CSL) 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 Carlisle Companies Incorporated (NYSE:CSL) and shared the list of worst beaten down stocks to buy. 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.