Madison Small Cap Fund Sold Chord Energy Corporation (CHRD) for a More Compelling Opportunity

1 day ago 2

Soumya Eswaran

Fri, June 12, 2026 astatine 10:29 AM CDT 3 min read

Madison Small Cap Fund, managed by Madison Funds, released its Q1 2026 capitalist letter. A transcript of the missive is disposable to download here. The Madison Small Cap Fund (class I) accrued by 0.10% successful the archetypal quarter, trailing down the Russell 2000 Index (up 0.89%) and the Russell 2500 Index (up 2.04%). Despite somewhat underperforming the benchmark successful the quarter, halfway positions and IT investments showed coagulated performance. From a benignant perspective, worth stocks outperformed growth, with the Russell 2000 Value Index rising ~4.5% and the Russell 2000 Growth Index falling astir 3%. The outperformance of the worth is driven by weakness successful speculative names aligning with the Fund's benignant and penchant for quality, profitable franchises. The Fund believes the marketplace volatility, influenced by AI concerns and geopolitical tensions, presents a imaginable accidental for diligent investors. Please reappraisal the Fund's apical 5 holdings to summation insights into their cardinal selections for 2026.

In its first-quarter 2026 capitalist letter, Madison Small Cap Fund Strategy highlighted Chord Energy Corporation (NASDAQ:CHRD). Chord Energy Corporation (NASDAQ:CHRD) is simply a starring US-based autarkic exploration and accumulation institution engages successful the acquisition, exploration, improvement and accumulation of crude oil, earthy gas, and earthy state liquids. On June 11, 2026, Chord Energy Corporation (NASDAQ:CHRD) closed astatine $133.74 per share. One-month instrumentality of Chord Energy Corporation (NASDAQ:CHRD) was -9.87%, and its shares gained 26.12% implicit the past 52 weeks. Chord Energy Corporation (NASDAQ:CHRD) has a marketplace capitalization of $7.53 billion.

Madison Small Cap Fund stated the pursuing regarding Chord Energy Corporation (NASDAQ:CHRD) successful its Q1 2026 capitalist letter:

"We sold our presumption successful Chord Energy Corporation (NASDAQ:CHRD) to absorption connected MTDR. We person precocious respect for CHRD and its absorption squad and judge the institution remains precise attractively valued, but we presumption the swap into MTDR arsenic much compelling fixed its much premium acreage, deeper inventory position, and higher gas/midstream exposure. The institution remains astatine a important discount to our intrinsic worth estimate."

Is Chord Energy (CHRD) One of the Top 10 High Dividend Stocks to Invest In According to Analysts?

Chord Energy Corporation (NASDAQ:CHRD) is not connected our database of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 46 hedge money portfolios held Chord Energy Corporation (NASDAQ:CHRD) astatine the extremity of the archetypal quarter, up from 45 successful the erstwhile quarter. While we admit the imaginable of Chord Energy Corporation (NASDAQ:CHRD) arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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