Madison Asset Management liquidates its $98 million Trex position
According to an SEC filing dated February 4, 2026, Madison Asset Management, LLC, sold the 1,893,081 shares of trex (NYSE:TREX) during the fourth quarter of 2025. The estimated transaction value was $97.82 million, calculated using the quarterly average price. The quarter-end value of the fund’s Trex position decreased by $97.82 million, reflecting both the outright…