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Asset Manager ← All Institutions

Madison Asset Management, LLC

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

Q3 2025 · Filed 2025-11-06
Market Value
$8.9B
-2.1%
Holdings
352
-15
New Purchases
18
Added To
97
Closed
20
Reduced
181
Top 10 Concentration
26.8%
Turnover
10.8%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
APH 3.41% 2.71% +0.71% $302M
MEDP 1.70% 1.03% +0.67% $150M
TECH 0.47% 0.00% +0.47% $41M
GOOG 2.31% 1.85% +0.46% $205M
MSCI 0.45% 0.00% +0.45% $40M
ROST 2.74% 2.34% +0.40% $243M
JIRE 0.26% 0.00% +0.26% $23M
ITW 0.26% 0.05% +0.21% $23M
TDY 1.47% 1.28% +0.20% $130M
THO 1.29% 1.09% +0.20% $114M
NKE 0.50% 0.33% +0.18% $45M
ABNB 0.55% 0.38% +0.17% $49M
KEYS 1.13% 0.96% +0.17% $100M
SPY 0.50% 0.33% +0.17% $44M
MSFT 0.99% 0.84% +0.15% $88M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
IT 2.13% 3.14% -1.02% $188M
LBRDK 0.95% 1.92% -0.97% $84M
ANTM 0.06% 0.62% -0.56% $5M
ALC 0.30% 0.85% -0.54% $27M
BRO 2.13% 2.50% -0.38% $188M
FI 0.78% 1.13% -0.36% $69M
CDW 2.33% 2.62% -0.28% $206M
TXN 1.51% 1.75% -0.25% $133M
MKSI 1.36% 1.61% -0.24% $121M
CSL 1.89% 2.13% -0.24% $167M
ACN 0.79% 1.00% -0.21% $70M
CPRT 2.29% 2.49% -0.20% $203M
ANET 1.20% 1.38% -0.18% $106M
IQLT 0.04% 0.21% -0.17% $3M
SPTL 0.00% 0.16% -0.16% $0

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 58 $1.3B 15.0%
Large Cap 208 $6.0B 67.4%
Mid Cap 66 $1.2B 13.6%
Small Cap 13 $127M 1.4%
Micro Cap 7 $230M 2.6%

Portfolio Analytics

Avg Market Cap
$192.0B
Median Market Cap
$46.0B
Avg P/E
32.6
Median P/E
23.7
Avg Dividend Yield
0.02%
Avg Beta
0.93
# Stocks
279
# ETFs / Funds
73

Top Holdings (352 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 ACGL 4.83% 4,707,947 $427M $90.73 -$12M -117,288 -2.4%
2 APH 3.41% 2,442,702 $302M $123.75 $58M -35,617 -1.4%
3 ROST 2.74% 1,593,021 $243M $152.39 $31M -66,066 -4.0%
4 PCAR 2.73% 2,461,080 $242M $98.32 $3M -56,069 -2.2%
5 CDW 2.33% 1,296,175 $206M $159.28 -$30M -28,346 -2.1%
6 GOOG 2.31% 840,616 $205M $243.55 $37M -102,530 -10.9%
7 CPRT 2.29% 4,510,596 $203M $44.97 -$22M -79,826 -1.7%
8 BRO 2.13% 2,008,760 $188M $93.79 -$38M -33,526 -1.6%
9 IT 2.13% 715,811 $188M $262.87 -$96M +12,998 +1.9%
10 CSL 1.89% 508,966 $167M $328.96 -$25M -7,470 -1.4%
11 AMZN 1.83% 736,150 $162M $219.57 -$2M -9,917 -1.3%
12 LH 1.80% 556,122 $160M $287.06 $10M -14,685 -2.6%
13 MEDP 1.70% 292,629 $150M $514.16 $57M -4,419 -1.5%
14 WRB 1.58% 1,831,084 $140M $76.62 $4M -22,788 -1.2%
15 TXN 1.51% 725,279 $133M $183.73 -$25M -38,342 -5.0%
16 TDY 1.47% 222,575 $130M $586.04 $15M -2,536 -1.1%
17 V 1.41% 366,257 $125M $341.38 -$3M +6,230 +1.7%
18 FND 1.37% 1,644,673 $121M $73.70 -$2M +16,853 +1.0%
19 MKSI 1.36% 976,091 $121M $123.77 -$25M -487,592 -33.3%
20 THO 1.29% 1,102,188 $114M $103.69 $15M -11,190 -1.0%
21 DHR 1.24% 553,187 $110M $198.26 -$4M -21,065 -3.7%
22 SPHQ 1.20% 1,448,969 $106M $73.29 $6M +41,781 +3.0%
23 ANET 1.20% 728,558 $106M $145.71 -$19M -493,789 -40.4%
24 LOW 1.16% 407,815 $102M $251.31 $7M -23,868 -5.5%
25 MCHP 1.15% 1,588,932 $102M $64.22 -$11M -19,228 -1.2%
26 KEYS 1.13% 571,222 $100M $174.92 $13M +40,153 +7.6%
27 FERG 1.12% 442,545 $99M $224.58 -$826K -17,675 -3.8%
28 PGR 1.11% 397,440 $98M $246.95 -$12M -15,168 -3.7%
29 TREX 1.10% 1,893,081 $98M $51.67 -$4M +22,027 +1.2%
30 ADI 1.05% 378,575 $93M $245.70 -$4M -27,491 -6.8%
31 WAT 1.04% 307,693 $92M $299.81 -$17M -4,566 -1.5%
32 MC 1.03% 1,284,261 $92M $71.32 $11M -11,023 -0.8%
33 ABG 1.03% 374,577 $92M $244.45 $1M -3,942 -1.0%
34 LAD 1.01% 283,015 $89M $316.00 -$7M -1,789 -0.6%
35 MSFT 0.99% 169,700 $88M $517.95 $12M +16,777 +11.0%
36 LBRDK 0.95% 1,328,182 $84M $63.54 -$90M -439,950 -24.9%
37 A 0.95% 653,819 $84M $128.35 $5M -14,089 -2.1%
38 PH 0.94% 109,245 $83M $758.15 -$1M -11,156 -9.3%
39 SCHW 0.87% 809,610 $77M $95.47 $553K -31,472 -3.7%
40 BN 0.87% 1,120,935 $77M $68.58 $5M -48,122 -4.1%
41 JMBS 0.85% 1,641,120 $75M $45.67 -$3M -85,427 -5.0%
42 ACN 0.79% 284,442 $70M $246.60 -$20M -18,795 -6.2%
43 TJX 0.78% 479,739 $69M $144.54 $8M -16,235 -3.3%
44 FI 0.78% 534,949 $69M $128.93 -$34M -60,396 -10.1%
45 EXPD 0.76% 547,050 $67M $122.59 $4M -6,672 -1.2%
46 KNSL 0.75% 156,124 $66M $425.26 -$13M -7,850 -4.8%
47 MMC 0.73% 319,737 $64M $201.53 -$4M +7,358 +2.4%
48 DSTL 0.71% 1,090,137 $63M $57.96 $1M -25,826 -2.3%
49 MSTI 0.71% 3,038,297 $63M $20.65 -$867K -45,127 -1.5%
50 DIVL 0.62% 2,368,228 $55M $23.27 -$433K -135,514 -5.4%
51 MAGG 0.62% 2,661,903 $55M $20.53 -$3M -149,317 -5.3%
52 NEE 0.58% 683,751 $52M $75.49 $4M -4,722 -0.7%
53 GBCI 0.57% 1,044,445 $51M $48.67 $5M -10,970 -1.0%
54 AAPL 0.56% 195,295 $50M $254.63 $12M +9,883 +5.3%
55 ABNB 0.55% 401,679 $49M $121.42 $14M +142,583 +55.0%
56 ORCL 0.54% 171,356 $48M $281.24 $7M -18,341 -9.7%
57 CFR 0.54% 377,226 $48M $126.77 -$1M -3,953 -1.0%
58 DE 0.54% 103,660 $47M $457.26 -$8M -4,843 -4.5%
59 LLY 0.51% 58,856 $45M $763.00 $1M +3,168 +5.7%
60 NKE 0.50% 640,623 $45M $69.73 $15M +224,026 +53.8%
61 VGT 0.50% 59,826 $45M $746.63 $6M +980 +1.7%
62 SPY 0.50% 66,496 $44M $666.18 $14M +17,587 +36.0%
63 0JUJ.L 0.49% 454,863 $43M $95.22 $118K
64 GGG 0.48% 499,241 $42M $84.96 -$943K -5,098 -1.0%
65 JPM 0.47% 132,583 $42M $315.43 $300K -10,637 -7.4%
66 TECH 0.47% 744,651 $41M $55.63 +744,651 NEW
67 CVRD 0.46% 2,205,000 $41M $18.57 -$2M -93,594 -4.1%
68 MSCI 0.45% 70,672 $40M $567.41 +70,672 NEW
69 BLK 0.45% 33,829 $39M $1,165.87 $465K -3,317 -8.9%
70 SBUX 0.44% 460,080 $39M $84.60 -$6M -28,012 -5.7%
71 HD 0.44% 95,607 $39M $405.19 $3M -1,942 -2.0%
72 JNJ 0.43% 203,470 $38M $185.42 $9M +17,009 +9.1%
73 EEMA 0.41% 396,693 $36M $91.75 $6M +23,101 +6.2%
74 TEL 0.38% 154,023 $34M $219.53 $7M -3,616 -2.3%
75 HON 0.37% 156,974 $33M $210.50 -$1M +10,448 +7.1%
76 VEU 0.37% 462,706 $33M $71.37 $8M +87,258 +23.2%
77 SCHR 0.32% 1,139,355 $29M $25.13 -$2M -68,163 -5.6%
78 CME 0.32% 105,373 $28M $270.19 $7M +28,393 +36.9%
79 SPHY 0.31% 1,130,255 $27M $23.94 -$342K -21,000 -1.8%
80 ALC 0.30% 360,135 $27M $74.51 -$50M -506,966 -58.5%
81 COST 0.28% 27,095 $25M $925.62 -$3M -837 -3.0%
82 KBE 0.28% 420,694 $25M $59.42 $5M +59,356 +16.4%
83 PEP 0.28% 176,072 $25M $140.44 $4M +18,809 +12.0%
84 AGG 0.27% 237,926 $24M $100.25 -$156K -4,088 -1.7%
85 ITW 0.26% 87,875 $23M $260.76 $19M +70,704 +411.8%
86 JIRE 0.26% 310,862 $23M $73.54 +310,862 NEW
87 VGK 0.24% 269,918 $22M $79.80 $621K
88 AMT 0.24% 110,199 $21M $192.32 -$11M -36,808 -25.0%
89 ADP 0.24% 72,144 $21M $293.50 -$4M -10,204 -12.4%
90 COP 0.24% 220,851 $21M $94.59 $388K -7,616 -3.3%
91 LIN 0.23% 43,601 $21M $475.00 $644K +832 +1.9%
92 MS 0.22% 123,193 $20M $158.96 -$1M -23,095 -15.8%
93 IJR 0.22% 160,260 $19M $118.83 $134K -12,760 -7.4%
94 CVX 0.21% 120,842 $19M $155.29 $622K -5,866 -4.6%
95 QCOM 0.21% 109,266 $18M $166.36 $2M +10,161 +10.2%
96 IJH 0.20% 276,110 $18M $65.26 $139K -12,176 -4.2%
97 EFX 0.19% 66,179 $17M $256.53 $4M +17,170 +35.0%
98 IGIB 0.19% 309,483 $17M $54.09 $1M +15,441 +5.2%
99 EZU 0.19% 264,809 $16M $61.94 -$3M -67,017 -20.2%
100 IEF 0.18% 169,739 $16M $96.46 $138K +218 +0.1%

New Positions

SymbolValue% Port
TECH $41M 0.47%
MSCI $40M 0.45%
JIRE $23M 0.26%
WY $5M 0.06%
BINV $3M 0.03%
SEZL $3M 0.03%
EXP $2M 0.02%
CRL $2M 0.02%
SYY $2M 0.02%
NU $1M 0.02%
YUMC $1M 0.02%
SCBFY $1M 0.02%
HXL $1M 0.02%
NICE $1M 0.02%
BCD $392K —%

Sold Out Positions

SymbolValue% Port
FDX —%
HPE —%
BANC —%
B —%
MFC —%
KMX —%
CLF —%
TFC —%
HUM —%
AMD —%
GT —%
AMAT —%
SPTL —%
MDLZ —%
ASO —%
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