Madison Small Cap Fund Exits Confluent Following Acquisition Announcement

Madison Small Cap Fund exited Confluent (CFLT) following the announcement of its acquisition by IBM for $11 billion. The fund's return was negatively impacted by sector allocation, particularly in the healthcare sector. Confluent's data streaming platform connects applications, systems, and data layers in the cloud. The fund's top 5 holdings can be found on their website. Confluent's shares gained 12.76% over the past 52 weeks and have a market capitalization of $11.019 billion.