Alphabet Named Top Q4 Contributor as Shares Climb 75.7% Annually
Madison Large Cap Fund’s Q4 2025 letter identified Alphabet as its top contributor as Search, YouTube and Cloud revenues accelerated and new AI models launched. Shares closed at $311.69 with a $3.77 trillion market cap, posting a one-month return of -6.96% and a 52-week gain of 75.7%.
1. Fund Q4 Performance
Madison Large Cap Fund’s Q4 2025 letter noted a 3.43% gain for the fund versus the S&P 500’s 2.65% return, highlighting Alphabet as one of its top five contributors. Mega-cap tech stocks drove index performance, and Alphabet’s search, advertising and cloud revenue gains positioned it as the fund’s primary contributor.
2. Business Growth Drivers
Across Search, YouTube and Cloud, Alphabet reported accelerating revenue growth in the fourth quarter, bolstered by the rollout of new AI models for developers and advertisers that reinforced its competitive edge in AI services.
3. Share Price and Market Cap Trends
Alphabet shares closed at $311.69 per share, reflecting a market capitalization of $3.77 trillion. The stock declined 6.96% over the past month yet posted a 75.7% gain over the last 52 weeks.
4. Analyst Stock Picks
Alphabet was one of five technology names highlighted for long-term returns, with analysts citing its strong AI positioning alongside peers such as Microsoft, Amazon, The Trade Desk and Broadcom.