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 2 of 2 · 21 positions

← Prev 1 2

#	Ticker	Company	Sector	Shares	Value ↓	% Port	Status
21	NVS	Novartis AG - Spons ADR	Healthcare	1,619	$208K	0.00%	SOLD

Page 2 of 2 · 21 positions

← Prev 1 2

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%