Haruki Toyama

Haruki Toyama is Head of Large Cap and Mid Cap Equity, Portfolio Manager and Analyst at Madison Investments, based in Madison, WI. He leads the firm’s Mid and Large Cap Team, overseeing portfolio management, equity analysis, and investment strategy across large-cap and mid-cap equity strategies. His responsibilities include research and stock selection, focusing on rigorous analysis to drive long-term outperformance relative to benchmarks.

Toyama's investment focus centers on U.S. large-cap and mid-cap equities, with notable expertise in sectors such as technology (including semiconductors), financials (insurance brokers, M&A advisory firms), and consumer discretionary. He has a proven track record with investments in companies like Analog Devices, Microchip Technology, Brown & Brown, and Texas Instruments, among others—demonstrating deep sector knowledge and a disciplined approach to security selection.

Before joining Madison Investments in 2014, Toyama was President, Co-Founder, and Portfolio Manager at Marcus Asset Management, where he managed a long/short hedge fund. His earlier experience includes analyst and portfolio manager roles at MFS Investment Management and David L. Babson & Company. He holds an MBA from Cornell University and a BA in Economics and Music from Brown University. Toyama is also an active board member of the Milwaukee Symphony Orchestra, reflecting both leadership and community commitment.