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Asset Manager ← All Institutions

Madison Asset Management, LLC

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

Q4 2025 · Filed 2026-02-04
Market Value
$8.5B
-4.0%
Holdings
357
+5
New Purchases
25
Added To
92
Closed
21
Reduced
181
Top 10 Concentration
25.5%
Turnover
12.9%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
MSA 1.07% 0.00% +1.07% $91M
AOS 0.95% 0.00% +0.95% $81M
TTAN 0.80% 0.00% +0.80% $68M
GOOG 2.84% 2.31% +0.53% $242M
ROST 3.19% 2.74% +0.45% $272M
HON 0.81% 0.37% +0.43% $68M
MDY 0.59% 0.16% +0.43% $50M
MKSI 1.73% 1.36% +0.37% $147M
TECH 0.82% 0.47% +0.35% $69M
WAT 1.31% 1.04% +0.27% $111M
LLY 0.77% 0.51% +0.26% $65M
WDAY 0.24% 0.00% +0.24% $20M
DHR 1.47% 1.24% +0.23% $125M
PCAR 2.94% 2.73% +0.21% $250M
QCOM 0.41% 0.21% +0.20% $35M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
APH 2.13% 3.41% -1.28% $181M
TREX 0.00% 1.10% -1.10% $0
MCHP 0.12% 1.15% -1.03% $10M
FI 0.06% 0.78% -0.72% $5M
CDW 1.85% 2.33% -0.48% $157M
CPRT 1.88% 2.29% -0.42% $159M
FND 1.01% 1.37% -0.36% $86M
NKE 0.16% 0.50% -0.35% $13M
LBRDK 0.68% 0.95% -0.28% $57M
BRO 1.86% 2.13% -0.27% $158M
LH 1.55% 1.80% -0.25% $132M
ORCL 0.31% 0.54% -0.24% $26M
TDY 1.27% 1.47% -0.21% $108M
AMT 0.06% 0.24% -0.18% $5M
WRB 1.42% 1.58% -0.16% $121M

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 57 $1.4B 16.2%
Large Cap 211 $5.5B 64.8%
Mid Cap 67 $1.3B 15.1%
Small Cap 15 $120M 1.4%
Micro Cap 7 $205M 2.4%

Portfolio Analytics

Avg Market Cap
$188.5B
Median Market Cap
$43.3B
Avg P/E
33.0
Median P/E
24.0
Avg Dividend Yield
0.02%
Avg Beta
0.91
# Stocks
280
# ETFs / Funds
77

Top Holdings (357 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 ACGL 4.89% 4,332,431 $416M $95.92 -$12M -375,516 -8.0%
2 ROST 3.19% 1,507,387 $272M $180.14 $29M -85,634 -5.4%
3 PCAR 2.94% 2,282,440 $250M $109.51 $8M -178,640 -7.3%
4 GOOG 2.84% 769,985 $242M $313.80 $37M -70,631 -8.4%
5 APH 2.13% 1,340,841 $181M $135.14 -$121M -1,101,861 -45.1%
6 IT 2.00% 675,398 $170M $252.28 -$18M -40,413 -5.7%
7 AMZN 1.91% 702,961 $162M $230.82 $621K -33,189 -4.5%
8 CPRT 1.88% 4,072,359 $159M $39.15 -$43M -438,237 -9.7%
9 BRO 1.86% 1,987,110 $158M $79.70 -$30M -21,650 -1.1%
10 CDW 1.85% 1,154,334 $157M $136.20 -$49M -141,841 -10.9%
11 MEDP 1.84% 277,757 $156M $561.65 $6M -14,872 -5.1%
12 CSL 1.79% 475,632 $152M $319.86 -$15M -33,334 -6.5%
13 MKSI 1.73% 921,450 $147M $159.80 $26M -54,641 -5.6%
14 LH 1.55% 525,878 $132M $250.88 -$28M -30,244 -5.4%
15 DHR 1.47% 545,044 $125M $228.92 $15M -8,143 -1.5%
16 V 1.47% 355,548 $125M $350.71 -$339K -10,709 -2.9%
17 WRB 1.42% 1,724,598 $121M $70.12 -$19M -106,486 -5.8%
18 TXN 1.38% 677,878 $118M $173.49 -$16M -47,401 -6.5%
19 WAT 1.31% 293,164 $111M $379.83 $19M -14,529 -4.7%
20 TDY 1.27% 210,832 $108M $510.73 -$23M -11,743 -5.3%
21 THO 1.26% 1,043,703 $107M $102.67 -$7M -58,485 -5.3%
22 KEYS 1.24% 519,312 $106M $203.19 $6M -51,910 -9.1%
23 SPHQ 1.20% 1,362,392 $102M $75.05 -$4M -86,577 -6.0%
24 ADI 1.17% 367,468 $100M $271.20 $7M -11,107 -2.9%
25 MSFT 1.12% 196,935 $95M $483.62 $7M +27,235 +16.1%
26 ANET 1.10% 712,155 $93M $131.03 -$13M -16,403 -2.2%
27 MSA 1.07% 568,244 $91M $160.14 +568,244 NEW
28 LOW 1.07% 375,532 $91M $241.16 -$12M -32,283 -7.9%
29 FERG 1.04% 397,291 $88M $222.63 -$11M -45,254 -10.2%
30 LAD 1.04% 266,043 $88M $332.33 -$1M -16,972 -6.0%
31 PH 1.02% 98,952 $87M $878.96 $4M -10,293 -9.4%
32 FND 1.01% 1,411,076 $86M $60.89 -$35M -233,597 -14.2%
33 MC 0.99% 1,218,178 $84M $68.74 -$8M -66,083 -5.2%
34 PGR 0.98% 367,175 $84M $227.72 -$15M -30,265 -7.6%
35 A 0.98% 609,418 $83M $136.07 -$994K -44,401 -6.8%
36 AOS 0.95% 1,209,405 $81M $66.88 +1,209,405 NEW
37 ABG 0.95% 346,280 $81M $232.53 -$11M -28,297 -7.5%
38 EXPD 0.92% 525,834 $78M $149.01 $11M -21,216 -3.9%
39 SCHW 0.89% 761,350 $76M $99.91 -$1M -48,260 -6.0%
40 JMBS 0.82% 1,532,028 $70M $45.69 -$5M -109,092 -6.7%
41 TECH 0.82% 1,181,308 $69M $58.81 $28M +436,657 +58.6%
42 TJX 0.81% 449,390 $69M $153.61 -$311K -30,349 -6.3%
43 BN 0.81% 1,498,571 $69M $45.89 -$8M +377,636 +33.7%
44 HON 0.81% 350,974 $68M $195.09 $35M +194,000 +123.6%
45 TTAN 0.80% 638,075 $68M $106.50 +638,075 NEW
46 ACN 0.77% 244,254 $66M $268.30 -$5M -40,188 -14.1%
47 LLY 0.77% 60,914 $65M $1,074.68 $21M +2,058 +3.5%
48 MSTI 0.68% 2,820,994 $58M $20.51 -$5M -217,303 -7.2%
49 LBRDK 0.68% 1,181,920 $57M $48.60 -$27M -146,262 -11.0%
50 DSTL 0.65% 943,332 $56M $58.90 -$8M -146,805 -13.5%
51 NEE 0.65% 686,878 $55M $80.28 $4M +3,127 +0.5%
52 MMC 0.63% 290,337 $54M $185.52 -$11M -29,400 -9.2%
53 KNSL 0.63% 137,362 $54M $391.12 -$13M -18,762 -12.0%
54 MAGG 0.63% 2,606,897 $53M $20.51 -$1M -55,006 -2.1%
55 DIVL 0.63% 2,328,892 $53M $22.91 -$2M -39,336 -1.7%
56 AAPL 0.63% 195,520 $53M $271.86 $3M +225 +0.1%
57 MDY 0.59% 83,341 $50M $603.28 $36M +59,283 +246.4%
58 ABNB 0.58% 362,323 $49M $135.72 $403K -39,356 -9.8%
59 DE 0.54% 98,137 $46M $465.57 -$2M -5,523 -5.3%
60 CFR 0.53% 356,874 $45M $126.63 -$3M -20,352 -5.4%
61 JPM 0.52% 137,868 $44M $322.22 $3M +5,285 +4.0%
62 VGT 0.52% 58,121 $44M $753.78 -$857K -1,705 -2.9%
63 SPY 0.51% 64,038 $44M $681.92 -$629K -2,458 -3.7%
64 GBCI 0.51% 987,362 $43M $44.05 -$7M -57,083 -5.5%
65 0JUJ.L 0.48% 454,863 $41M $89.38 -$3M
66 GGG 0.46% 473,849 $39M $81.97 -$4M -25,392 -5.1%
67 EEMA 0.43% 392,640 $37M $94.02 $519K -4,053 -1.0%
68 VEU 0.43% 497,130 $37M $73.56 $4M +34,424 +7.4%
69 BLK 0.42% 33,693 $36M $1,070.34 -$3M -136 -0.4%
70 CVRD 0.41% 1,885,000 $35M $18.43 -$6M -320,000 -14.5%
71 QCOM 0.41% 202,944 $35M $171.05 $17M +93,678 +85.7%
72 TEL 0.41% 152,050 $35M $227.51 $780K -1,973 -1.3%
73 JNJ 0.38% 157,184 $33M $206.95 -$5M -46,286 -22.8%
74 HD 0.38% 94,398 $32M $344.10 -$6M -1,209 -1.3%
75 MSCI 0.37% 55,494 $32M $573.73 -$8M -15,178 -21.5%
76 SBUX 0.36% 367,263 $31M $84.21 -$8M -92,817 -20.2%
77 CME 0.36% 110,567 $30M $273.08 $2M +5,194 +4.9%
78 IJR 0.35% 249,350 $30M $120.18 $11M +89,090 +55.6%
79 SCHR 0.33% 1,132,088 $28M $25.08 -$239K -7,267 -0.6%
80 XOM 0.32% 222,970 $27M $120.34 $11M +84,129 +60.6%
81 SPHY 0.31% 1,130,255 $27M $23.67 -$305K
82 ORCL 0.31% 133,071 $26M $194.91 -$22M -38,285 -22.3%
83 ALC 0.30% 320,900 $25M $78.81 -$2M -39,235 -10.9%
84 PEP 0.29% 173,291 $25M $143.52 $143K -2,781 -1.6%
85 AGG 0.29% 247,990 $25M $99.88 $917K +10,064 +4.2%
86 KBE 0.29% 406,063 $25M $60.69 -$354K -14,631 -3.5%
87 CVX 0.29% 159,868 $24M $152.41 $6M +39,026 +32.3%
88 COST 0.28% 27,581 $24M $862.33 -$1M +486 +1.8%
89 JIRE 0.27% 310,496 $23M $74.88 $389K -366 -0.1%
90 VGK 0.26% 266,160 $22M $83.61 $714K -3,758 -1.4%
91 ITW 0.25% 86,961 $21M $246.30 -$1M -914 -1.0%
92 WDAY 0.24% 93,120 $20M $214.78 +93,120 NEW
93 LIN 0.23% 46,772 $20M $426.39 -$767K +3,171 +7.3%
94 IJH 0.23% 297,331 $20M $66.00 $2M +21,221 +7.7%
95 MDT 0.22% 195,216 $19M $96.06 $3M +25,527 +15.0%
96 ADP 0.21% 70,666 $18M $257.23 -$3M -1,478 -2.0%
97 MS 0.21% 101,108 $18M $177.53 -$2M -22,085 -17.9%
98 VFLO 0.20% 437,966 $17M $39.38 $13M +337,659 +336.6%
99 ASML 0.20% 15,672 $17M $1,069.86 $4M +2,717 +21.0%
100 ECL 0.20% 63,218 $17M $262.52 $665K +5,047 +8.7%

New Positions

SymbolValue% Port
MSA $91M 1.07%
AOS $81M 0.95%
TTAN $68M 0.80%
WDAY $20M 0.24%
EMLC $13M 0.16%
CRM $12M 0.15%
SBGSY $12M 0.14%
PLD $3M 0.04%
VIAV $3M 0.04%
GTLB $2M 0.03%
VCEL $2M 0.02%
AAON $2M 0.02%
STT $1M 0.02%
SLB $1M 0.02%
MIR $1M 0.02%

Sold Out Positions

SymbolValue% Port
SHV —%
TREX —%
VICI —%
MO —%
UPS —%
WAL —%
CIEN —%
BA —%
MOS —%
NVS —%
BSX —%
SYY —%
CCOI —%
MU —%
JAAA —%
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