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Asset Manager ← All Institutions

Madison Asset Management, LLC

550 SCIENCE DRIVE, MADISON, WI 53711 • 608-274-0300

Q2 2025 · Filed 2025-08-11
Market Value
$9.0B
+3.0%
Holdings
367
+3
New Purchases
23
Added To
100
Closed
33
Reduced
168
Top 10 Concentration
27.4%
Turnover
15.3%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
CDW 2.62% 1.53% +1.09% $237M
MEDP 1.03% 0.03% +1.00% $93M
APH 2.71% 1.90% +0.80% $245M
ANET 1.38% 0.59% +0.79% $125M
IT 3.14% 2.64% +0.50% $284M
TXN 1.75% 1.35% +0.40% $159M
FND 1.37% 0.97% +0.39% $124M
MCHP 1.25% 0.87% +0.38% $113M
ABNB 0.38% 0.00% +0.38% $34M
MKSI 1.61% 1.30% +0.30% $145M
FERG 1.11% 0.86% +0.24% $100M
DHR 1.25% 1.06% +0.20% $113M
LBRDK 1.92% 1.73% +0.20% $174M
LH 1.66% 1.48% +0.18% $150M
IGIB 0.17% 0.00% +0.17% $16M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
DLTR 0.00% 1.46% -1.46% $0
BRK-B 0.21% 1.47% -1.26% $19M
BF-B 0.00% 0.73% -0.73% $0
CPRT 2.49% 3.00% -0.51% $225M
GOOG 1.85% 2.34% -0.49% $167M
FI 1.13% 1.59% -0.46% $103M
ACGL 4.86% 5.30% -0.44% $439M
BRO 2.50% 2.92% -0.42% $226M
PCAR 2.65% 2.85% -0.21% $239M
PGR 1.22% 1.37% -0.15% $110M
DSTL 0.68% 0.83% -0.15% $62M
IEI 0.05% 0.19% -0.15% $4M
ALC 0.85% 0.99% -0.14% $77M
SCHR 0.33% 0.47% -0.14% $30M
UNH 0.09% 0.22% -0.14% $8M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Financial Services 32.3%
Technology 19.6%
Industrials 14.7%
Consumer Cyclical 12.5%
Healthcare 10.4%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 59 $1.3B 13.9%
Large Cap 218 $6.2B 68.4%
Mid Cap 67 $1.3B 13.9%
Small Cap 14 $112M 1.2%
Micro Cap 9 $234M 2.6%

Portfolio Analytics

Avg Market Cap
$186.2B
Median Market Cap
$46.5B
Avg P/E
31.7
Median P/E
23.3
Avg Dividend Yield
0.02%
Avg Beta
0.91
# Stocks
295
# ETFs / Funds
72

Top Holdings (367 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 ACGL 4.86% 4,825,235 $439M $91.05 -$26M -12,367 -0.3%
2 IT 3.14% 702,813 $284M $404.22 $52M +150,623 +27.3%
3 APH 2.71% 2,478,319 $245M $98.75 $78M -68,028 -2.7%
4 PCAR 2.65% 2,517,149 $239M $95.06 -$11M -52,702 -2.0%
5 CDW 2.62% 1,324,521 $237M $178.59 $102M +487,991 +58.3%
6 BRO 2.50% 2,042,286 $226M $110.87 -$30M -18,668 -0.9%
7 CPRT 2.49% 4,590,422 $225M $49.07 -$38M -61,194 -1.3%
8 ROST 2.34% 1,659,087 $212M $127.58 $6M +51,215 +3.2%
9 CSL 2.13% 516,436 $193M $373.40 $17M +1,302 +0.2%
10 LBRDK 1.92% 1,768,132 $174M $98.38 $22M -13,613 -0.8%
11 GOOG 1.85% 943,146 $167M $177.39 -$38M -370,684 -28.2%
12 AMZN 1.81% 746,067 $164M $219.39 $19M -12,554 -1.6%
13 TXN 1.75% 763,621 $159M $207.62 $40M +104,613 +15.9%
14 LH 1.66% 570,807 $150M $262.51 $20M +14,124 +2.5%
15 MKSI 1.61% 1,463,683 $145M $99.36 $31M +35,540 +2.5%
16 WRB 1.51% 1,853,872 $136M $73.47 $5M +11,597 +0.6%
17 V 1.41% 360,027 $128M $355.05 -$108K -5,024 -1.4%
18 ANET 1.38% 1,222,347 $125M $102.31 $73M +553,831 +82.8%
19 FND 1.37% 1,627,820 $124M $75.96 $38M +564,309 +53.1%
20 TDY 1.28% 225,111 $115M $512.31 $5M +2,596 +1.2%
21 DHR 1.25% 574,252 $113M $197.54 $21M +121,989 +27.0%
22 MCHP 1.25% 1,608,160 $113M $70.37 $37M +28,211 +1.8%
23 PGR 1.22% 412,608 $110M $266.86 -$10M -12,222 -2.9%
24 WAT 1.21% 312,259 $109M $349.04 -$5M +2,940 +0.9%
25 FI 1.13% 595,345 $103M $172.41 -$37M -37,828 -6.0%
26 TREX 1.12% 1,871,054 $102M $54.38 -$8M -19,678 -1.0%
27 SPHQ 1.11% 1,407,188 $100M $71.26 $6M -20,715 -1.4%
28 FERG 1.11% 460,220 $100M $217.75 $24M -12,628 -2.7%
29 THO 1.09% 1,113,378 $99M $88.81 $18M +48,079 +4.5%
30 ADI 1.07% 406,066 $97M $238.02 -$8M -114,967 -22.1%
31 LAD 1.06% 284,804 $96M $337.82 $14M +4,348 +1.6%
32 LOW 1.06% 431,683 $96M $221.87 -$7M -7,947 -1.8%
33 MEDP 1.03% 297,048 $93M $313.86 $90M +287,365 +2967.7%
34 ACN 1.00% 303,237 $91M $298.89 -$5M -2,698 -0.9%
35 ABG 1.00% 378,519 $90M $238.54 $8M +5,199 +1.4%
36 KEYS 0.96% 531,069 $87M $163.86 $6M -9,732 -1.8%
37 PH 0.93% 120,401 $84M $698.47 $9M -2,717 -2.2%
38 MC 0.89% 1,295,284 $81M $62.32 $7M +31,084 +2.5%
39 KNSL 0.88% 163,974 $79M $483.90 $3M +7,340 +4.7%
40 A 0.87% 667,908 $79M $118.01 -$3M -27,503 -4.0%
41 JMBS 0.86% 1,726,547 $78M $45.05 -$6M -121,891 -6.6%
42 SCHW 0.85% 841,082 $77M $91.24 $2M -116,559 -12.2%
43 ALC 0.85% 867,101 $77M $88.28 -$10M -48,128 -5.3%
44 MSFT 0.84% 152,923 $76M $497.41 $15M -9,719 -6.0%
45 BN 0.80% 1,169,057 $72M $61.85 $10M -26,564 -2.2%
46 MMC 0.76% 312,379 $68M $218.64 -$9M -2,570 -0.8%
47 MSTI 0.70% 3,083,424 $64M $20.62 $703K +14,887 +0.5%
48 EXPD 0.70% 553,722 $63M $114.25 -$3M +5,438 +1.0%
49 DSTL 0.68% 1,115,963 $62M $55.35 -$11M -229,733 -17.1%
50 TJX 0.68% 495,974 $61M $123.49 -$529K -11,227 -2.2%
51 MAGG 0.63% 2,811,220 $57M $20.37 $466K +15,062 +0.5%
52 ANTM 0.62% 143,353 $56M $388.96 -$9M -6,219 -4.2%
53 DIVL 0.61% 2,503,742 $56M $22.18 $1M +18,901 +0.8%
54 DE 0.61% 108,503 $55M $508.49 $1M -6,455 -5.6%
55 CFR 0.54% 381,179 $49M $128.54 $2M +4,395 +1.2%
56 NEE 0.53% 688,473 $48M $69.42 -$985K +380 +0.1%
57 GBCI 0.50% 1,055,415 $45M $43.08 -$598K +13,679 +1.3%
58 SBUX 0.49% 488,092 $45M $91.63 -$5M -19,858 -3.9%
59 LLY 0.48% 55,688 $43M $779.53 $3M +6,193 +12.5%
60 GGG 0.48% 504,339 $43M $85.97 $2M +6,754 +1.4%
61 0JUJ.L 0.48% 454,863 $43M $94.96 $6M
62 CVRD 0.47% 2,298,594 $43M $18.58 -$4M -369,551 -13.8%
63 JPM 0.46% 143,220 $42M $289.91 $4M -10,434 -6.8%
64 ORCL 0.46% 189,697 $41M $218.63 $16M +3,975 +2.1%
65 VGT 0.43% 58,846 $39M $663.28 $7M -450 -0.8%
66 BLK 0.43% 37,146 $39M $1,049.25 $2M -2,385 -6.0%
67 AAPL 0.42% 185,412 $38M $205.17 -$4M -3,988 -2.1%
68 HD 0.40% 97,549 $36M $366.64 -$2M -6,499 -6.2%
69 ABNB 0.38% 259,096 $34M $132.34 +259,096 NEW
70 HON 0.38% 146,526 $34M $232.88 -$630K -17,597 -10.7%
71 AMT 0.36% 147,007 $32M $221.02 -$2M -11,999 -7.5%
72 EEMA 0.34% 373,592 $31M $82.55 -$4M -91,038 -19.6%
73 SCHR 0.33% 1,207,518 $30M $25.03 -$11M -463,018 -27.7%
74 SPY 0.33% 48,909 $30M $617.85 $7M +7,970 +19.5%
75 NKE 0.33% 416,597 $30M $71.04 $799K -37,020 -8.2%
76 JNJ 0.31% 186,461 $28M $152.75 -$4M -8,433 -4.3%
77 COST 0.31% 27,932 $28M $989.93 -$2M -3,023 -9.8%
78 SPHY 0.30% 1,151,255 $27M $23.80 $5M +207,128 +21.9%
79 TEL 0.29% 157,639 $27M $168.67 $8M +25,381 +19.2%
80 ADP 0.28% 82,348 $25M $308.40 -$5M -15,693 -16.0%
81 VEU 0.28% 375,448 $25M $67.22 $13M +167,230 +80.3%
82 AGG 0.27% 242,014 $24M $99.20 $559K +4,963 +2.1%
83 MDT 0.25% 262,800 $23M $87.17 -$10M -105,769 -28.7%
84 ADBE 0.25% 58,122 $22M $386.88 -$197K -1,020 -1.7%
85 CME 0.23% 76,980 $21M $275.62 -$3M -13,299 -14.7%
86 VGK 0.23% 269,918 $21M $77.50 $6M +52,595 +24.2%
87 PEP 0.23% 157,263 $21M $132.04 -$6M -19,962 -11.3%
88 MS 0.23% 146,288 $21M $140.86 $2M -9,046 -5.8%
89 COP 0.23% 228,467 $21M $89.74 -$5M -16,060 -6.6%
90 KBE 0.22% 361,338 $20M $55.76 -$920K -36,471 -9.2%
91 LIN 0.22% 42,769 $20M $469.18 $2M +4,879 +12.9%
92 EZU 0.22% 331,826 $20M $59.45 $11M +159,169 +92.2%
93 IQLT 0.21% 441,348 $19M $43.22 $3M +37,223 +9.2%
94 IJR 0.21% 173,020 $19M $109.29 -$4M -41,577 -19.4%
95 BRK-B 0.21% 38,756 $19M $485.77 -$110M -202,893 -84.0%
96 CVX 0.20% 126,708 $18M $143.19 -$4M -4,350 -3.3%
97 IJH 0.20% 288,286 $18M $62.02 -$757K -31,100 -9.7%
98 CMCSA 0.19% 489,973 $17M $35.69 -$2M -50,689 -9.4%
99 ASML 0.19% 21,086 $17M $801.39 $3M -534 -2.5%
100 MDY 0.18% 29,164 $17M $566.47 -$2M -5,740 -16.4%

New Positions

SymbolValue% Port
ABNB $34M 0.38%
IGIB $16M 0.17%
B $13M 0.14%
SPTI $11M 0.13%
VOO $5M 0.06%
THG $3M 0.03%
WMS $3M 0.03%
FLXR $2M 0.02%
ATEYY $2M 0.02%
WIZEY $2M 0.02%
MOS $2M 0.02%
PRDSY $1M 0.02%
HESAY $1M 0.01%
ATI $1M 0.01%
GMS $840K 0.01%

Sold Out Positions

SymbolValue% Port
UBER —%
BMY —%
NVGS —%
D —%
CMC —%
ET —%
VST —%
KEX —%
IBM —%
EXP —%
TMO —%
PR —%
AZO —%
GPI —%
MKC —%
View SEC EDGAR Filings for Madison Asset Management, LLC →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms