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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 5 of 5  ·  85 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
81 IWB iShares Russell 1000 ETF 2,205.0 $823K 0.01% +504.0 +29.6% $373.37 +8.2%
82 BCD abrdn Bloomberg All Commodity 21,646.0 $670K 0.01% +10K +89.9% $30.96 +17.3%
83 SCHF Schwab International Equity ET 25,380.0 $610K 0.01% +240.0 +0.9% $24.04 +12.6%
84 IBIT iShares Bitcoin Trust ETF Financial Services 5,375.0 $267K 0.00% +2K +46.3% $49.65 -27.7%
85 QQQ Invesco QQQ Trust Series 1 Financial Services 400.0 $246K 0.00% +2.0 +0.5% $614.31 +16.6%
Page 5 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%