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Soumya Eswaran
Fri, July 17, 2026 astatine 9:39 AM CDT 3 min read
Madison Small Cap Fund, managed by Madison Funds, released its Q2 2026 capitalist letter. A transcript of the missive tin beryllium downloaded here. The small-cap marketplace showed exceptional spot successful Q2, mostly owed to anticipated bid successful the Middle East. The Russell 2000 Index began to rally, propelled by Information Technology, Health Care, and Industrials. The Madison Small Cap Fund (Class I) returned 12.7% successful the quarter, underperforming the Russell 2000's 21.5% and Russell 2500's 20.2%. While beardown gains were seen successful Info Tech investments, caller investments successful underperforming bundle companies negatively impacted wide performance. Nevertheless, assurance successful the semipermanent imaginable of these bundle investments remains high. The steadfast is optimistic astir tiny caps, noting their caller outperformance implicit ample caps, betterment successful definite bundle sectors, and improvements successful immoderate lodging stocks toward the extremity of the 2nd quarter. Please reappraisal the Fund's apical 5 holdings to summation insights into their cardinal selections for 2026.
In its Q2 2026 capitalist letter, Madison Small Cap Fund highlighted OneSpaWorld Holdings Limited (NASDAQ:OSW). OneSpaWorld Holdings Limited (NASDAQ:OSW) operates wellness and wellness centers onboard cruise ships and astatine destination resorts. On July 16, 2026, OneSpaWorld Holdings Limited (NASDAQ:OSW) closed astatine $26.63 per share. One-month instrumentality of OneSpaWorld Holdings Limited (NASDAQ:OSW) was -4.09%, and its shares gained 22.99% implicit the past 52 weeks. OneSpaWorld Holdings Limited (NASDAQ:OSW) has a marketplace capitalization of $2.7 billion.
Madison Small Cap Fund stated the pursuing regarding OneSpaWorld Holdings Limited (NASDAQ:OSW) successful its Q2 2026 capitalist update:
"We person closed retired our concern successful user discretionary institution OneSpaWorld Holdings Limited (NASDAQ:OSW), arsenic we judge the banal has reached our intrinsic worth estimation and the risk/reward is nary longer favorable. This has been a coagulated concern since our archetypal presumption successful 2020."
OneSpaWorld Holdings Limited (NASDAQ:OSW) is not connected our database of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 15 hedge money portfolios held OneSpaWorld Holdings Limited (NASDAQ:OSW) astatine the extremity of the archetypal quarter, compared to 20 successful the erstwhile quarter. OneSpaWorld Holdings Limited's (NASDAQ:OSW) full revenues successful Q1 2026 accrued 13% to $247.6 million. While we admit the imaginable of OneSpaWorld Holdings Limited (NASDAQ:OSW) 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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