Madison Funds, an investment management firm, published its “Madison Investors Fund” second-quarter 2021 investor letter – a copy of which can be downloaded here. A quarterly portfolio return of 6.82% was recorded by the fund’s Class Y shares for the second quarter of 2021, compared to the S&P 500 Index gains of 8.55% for the same period. You can view the fund’s top 5 holdings to have an idea about their top bets for 2021.
In the Q2 2021 investor letter of Madison Funds, the fund mentioned Dollar Tree, Inc. (NASDAQ: DLTR) and discussed its stance on the firm. Dollar Tree, Inc. is a Chesapeake, Virginia-based discount store company with a $23.4 billion market capitalization. DLTR delivered a -6.53% return since the beginning of the year, while its 12-month returns are up by 2.09%. The stock closed at $101.43 per share on August 18, 2021.
Here is what Madison Funds has to say about Dollar Tree, Inc. in its Q2 2021 investor letter:
“Dollar Tree is…