MKS Inc. led gains for the Madison Mid Cap Fund as a shift to physical economy stocks boosted its $416.00 share price on June 29, 2026.
MKS Inc. (NASDAQ:MKSI) emerged as a top performer for the Madison Mid Cap Fund in Q1 2026, closing at $416.00 per share on June 29. The fund’s investor letter highlighted the company’s sales strength amid a market rotation toward resilient, asset-heavy businesses, dubbed the ‘HALO trade.’
The fund itself declined 4.28% in the quarter, underperforming the Russell Midcap Index’s 1.29% return. The shift away from tech stocks, driven by economic optimism and AI disruption concerns, favored sectors like Energy, Materials, and Utilities—areas where the fund had limited exposure.
Madison Investments noted MKS’s role in providing foundational technology for semiconductor manufacturing and industrial applications, positioning it well in the evolving market landscape.