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Portfolio (Quarterly) Guide ↗

Madison Asset Management, LLC

· CIK 0001299351
13F Portfolio $8.7B AUM 342 positions Filed Feb 4, 2026 EDGAR ↗ ← All Funds
Q4 2025 Q3 2025 · All 27 New 85 Added 177 Reduced 21 Exited
Page 1 of 5  ·  85 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
1 MSFT Microsoft Corp Technology 196,935.0 $95.2M 1.09% +27K +16.1% $483.62 -14.7%
2 TECH Bio-Techne Corp Healthcare 1,181,308.0 $69.5M 0.80% +437K +58.6% $58.81 -9.7%
3 BN Brookfield Corp Financial Services 1,498,571.0 $68.8M 0.79% +378K +33.7% $45.89 -3.5%
4 HON Honeywell International Inc Industrials 350,974.0 $68.5M 0.79% +194K +123.6% $195.09 +8.6%
5 LLY Eli Lilly & Co Healthcare 60,914.0 $65.5M 0.75% +2K +3.5% $1074.68 +6.9%
6 MDY SPDR S&P MidCap 400 ETF Trust Financial Services 83,341.0 $50.3M 0.58% +59K +246.4% $603.28 +12.2%
7 JPM JPMorgan Chase & Co Financial Services 137,868.0 $44.4M 0.51% +5K +4.0% $322.22 -3.4%
8 VEU Vanguard FTSE All-World ex-US 497,130.0 $36.6M 0.42% +34K +7.4% $73.56 +11.2%
9 QCOM QUALCOMM Inc Technology 202,944.0 $34.7M 0.40% +94K +85.7% $171.05 +26.5%
10 CME CME Group Inc Financial Services 110,567.0 $30.2M 0.35% +5K +4.9% $273.08 -7.8%
11 IJR iShares Core S&P Small-Cap ETF 249,350.0 $30.0M 0.34% +89K +55.6% $120.18 +15.5%
12 XOM Exxon Mobil Corp Energy 222,970.0 $26.8M 0.31% +84K +60.6% $120.34 +26.1%
13 AGG iShares Core U.S. Aggregate Bo 247,990.0 $24.8M 0.28% +10K +4.2% $99.88 -1.7%
14 CVX Chevron Corp Energy 159,868.0 $24.4M 0.28% +39K +32.3% $152.41 +24.1%
15 COST Costco Wholesale Corp Consumer Defensive 27,581.0 $23.8M 0.27% +486.0 +1.8% $862.33 +13.0%
16 LIN Linde PLC Basic Materials 46,772.0 $19.9M 0.23% +3K +7.3% $426.39 +18.0%
17 IJH iShares Core S&P Mid-Cap ETF 297,331.0 $19.6M 0.23% +21K +7.7% $66.00 +12.4%
18 MDT Medtronic PLC Healthcare 195,216.0 $18.8M 0.22% +26K +15.0% $96.06 -15.8%
19 VFLO VictoryShares Free Cash Flow E 437,966.0 $17.2M 0.20% +338K +336.6% $39.38 +17.2%
20 ASML ASML Holding NV - Spons NY Reg Technology 15,672.0 $16.8M 0.19% +3K +21.0% $1069.86 +62.7%
Page 1 of 5  ·  85 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Technology 23.0%
Financial Services 22.5%
Industrials 17.3%
Consumer Cyclical 15.2%
Healthcare 12.5%
Communication Services 4.3%
Energy 1.5%
Consumer Defensive 1.5%
Utilities 1.0%
Basic Materials 0.9%