Madison Large Cap Fund Chose to Sell Starbucks (SBUX). Here’s Why
Key takeaways
- Madison Large Cap Fund Chose to Sell Starbucks (SBUX).
- In its first-quarter 2026 investor letter, Madison Large Cap Fund highlighted Starbucks Corporation (NASDAQ:SBUX).
- Madison Large Cap Fund stated the following regarding Starbucks Corporation (NASDAQ:SBUX) in its Q1 2026 investor letter:
Madison Large Cap Fund Chose to Sell Starbucks (SBUX). Here’s Why Soumya Eswaran Tue, June 16, 2026 at 8:29 PM GMT+7 2 min read SBUX ^GSPC Madison Investments, an investment advisor, released its first-quarter 2026 investor letter for the “Madison Large Cap Fund”. A copy of the letter is available to download here. The Madison Large Cap Fund (Class I) declined 2.7% in the quarter, outperforming the S&P 500 s -4.33% return. The fund focuses on long-term capital appreciation. The quarter saw a shift in the equity market beyond the mega-cap technology stocks into physical economy stocks, influenced by fears of AI disruption. Additionally, rising commodity prices due to the Middle East conflict reignited inflation concerns, benefiting sectors such as Energy, Materials, Utilities, Staples, and Real Estate, which the Fund does not invest in, impacting its relative performance. Please review the Fund’s top five holdings to gain insights into their key selections for 2026.
In its first-quarter 2026 investor letter, Madison Large Cap Fund highlighted Starbucks Corporation (NASDAQ:SBUX). Based in Seattle, Washington, Starbucks Corporation (NASDAQ:SBUX) is a leading coffee company and coffeehouse chain. On June 15, 2026, Starbucks Corporation (NASDAQ:SBUX) closed at $101.59 per share. One-month return of Starbucks Corporation (NASDAQ:SBUX) was -4.50%, and its shares gained 10.92% over the past 52 weeks. Starbucks Corporation (NASDAQ:SBUX) has a market capitalization of $115.78 billion.
Madison Large Cap Fund stated the following regarding Starbucks Corporation (NASDAQ:SBUX) in its Q1 2026 investor letter: