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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 3 of 5  ·  85 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
41 BOX Box Inc Technology 162,911.0 $4.9M 0.06% +1K +0.6% $29.91 -11.2%
42 SHAK Shake Shack Inc Consumer Cyclical 58,404.0 $4.7M 0.06% +16K +37.2% $81.17 -34.8%
43 KN Knowles Corp Technology 219,777.0 $4.7M 0.05% +1K +0.6% $21.43 +78.3%
44 WK Workiva Inc Technology 53,138.0 $4.6M 0.05% +341.0 +0.7% $86.25 -44.0%
45 CR Crane Co Industrials 22,296.0 $4.1M 0.05% +142.0 +0.6% $184.43 +4.5%
46 iShares MSCI International Qua 85,068.0 $3.9M 0.04% +11K +14.9% $45.45
47 POWI Power Integrations Inc Technology 103,843.0 $3.7M 0.04% +672.0 +0.7% $35.54 +115.8%
48 DRS Leonardo DRS Inc Industrials 105,538.0 $3.6M 0.04% +677.0 +0.7% $34.09 +36.6%
49 WMS Advanced Drainage Systems Inc Industrials 23,292.0 $3.4M 0.04% +149.0 +0.6% $144.83 -9.9%
50 Airbus SE - Unspons ADR 57,958.0 $3.4M 0.04% +4K +6.5% $57.92
51 THG Hanover Insurance Group Inc/Th Financial Services 17,915.0 $3.3M 0.04% +115.0 +0.7% $182.77 +4.4%
52 AVGO Broadcom Inc Technology 9,361.0 $3.2M 0.04% +548.0 +6.2% $346.10 +14.6%
53 AMGN Amgen Inc Healthcare 9,797.0 $3.2M 0.04% +2K +32.8% $327.31 +5.6%
54 CTS CTS Corp Technology 72,807.0 $3.1M 0.04% +466.0 +0.6% $42.87 +52.1%
55 CRL Charles River Laboratories Int Healthcare 15,622.0 $3.1M 0.04% +3K +26.3% $199.48 -6.5%
56 CVLT CommVault Systems Inc Technology 23,947.0 $3.0M 0.04% +153.0 +0.6% $125.36 -2.6%
57 SMPL Simply Good Foods Co/The Consumer Defensive 144,519.0 $2.9M 0.03% +927.0 +0.7% $20.08 -40.6%
58 OLLI Ollie's Bargain Outlet Holding Consumer Defensive 23,222.0 $2.5M 0.03% +149.0 +0.7% $109.61 -28.2%
59 IWR iShares Russell Mid-Cap ETF 25,602.0 $2.5M 0.03% +19K +306.1% $96.27 +10.4%
60 HXL Hexcel Corp Industrials 32,944.0 $2.4M 0.03% +10K +46.5% $73.90 +20.7%
Page 3 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%