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Portfolio (Quarterly) Guide ↗

Madison Asset Management, LLC

· CIK 0001299351
13F Portfolio $8.4B AUM 347 positions Filed Aug 10, 2026 EDGAR ↗ ← All Funds
Q2 2026 Q4 2025 · All 38 New 121 Added 161 Reduced 33 Exited
Page 1 of 2  ·  38 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
1 VRSK Verisk Analytics Inc Industrials 398,522.0 $71.5M 0.85% NEW $179.53 +5.6%
2 Honeywell Aerospace Inc 224,998.0 $49.7M 0.59% NEW $221.08
3 Honeywell International Inc 198,913.0 $44.5M 0.53% NEW $223.90
4 BSY Bentley Systems Inc Technology 1,365,230.0 $40.8M 0.49% NEW $29.89 +26.1%
5 TYL Tyler Technologies Inc Technology 138,684.0 $40.6M 0.48% NEW $292.46 +21.7%
6 ICE Intercontinental Exchange Inc Financial Services 323,573.0 $39.8M 0.47% NEW $123.11 +32.4%
7 ExxonMobil Holdings Corp 207,414.0 $28.4M 0.34% NEW $136.72
8 AVEM Avantis Emerging Markets Equit 266,533.0 $25.7M 0.31% NEW $96.49 -3.5%
9 AJG Arthur J Gallagher & Co Financial Services 72,448.0 $16.6M 0.20% NEW $229.57 +18.5%
10 ARMP Armata Pharmaceuticals Inc Healthcare 2,107,175.0 $13.7M 0.16% NEW $6.48 -20.2%
11 WST West Pharmaceutical Services I Healthcare 27,574.0 $9.9M 0.12% NEW $359.00 -1.6%
12 XLV State Street Health Care Selec 52,330.0 $8.3M 0.10% NEW $158.66 +10.1%
13 NEM Newmont Corp Basic Materials 67,500.0 $6.3M 0.07% NEW $93.40 +41.2%
14 EMR Emerson Electric Co Industrials 36,893.0 $5.3M 0.06% NEW $143.15 +10.1%
15 PAVE Global X US Infrastructure Dev 81,210.0 $4.8M 0.06% NEW $58.92 -5.1%
16 AZN AstraZeneca PLC Healthcare 21,310.0 $4.0M 0.05% NEW $189.62 -12.1%
17 SNPS Synopsys Inc Technology 8,818.0 $3.9M 0.05% NEW $446.07 -11.6%
18 SYK Stryker Corp Healthcare 10,231.0 $3.2M 0.04% NEW $314.85 +4.1%
19 MAIR Madison Air Solutions Corp Industrials 82,427.0 $3.2M 0.04% NEW $39.00 -36.0%
20 EXTR Extreme Networks Inc Technology 93,797.0 $3.0M 0.04% NEW $32.37 -30.9%
Page 1 of 2  ·  38 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 25.1%
Financial Services 24.0%
Industrials 17.6%
Healthcare 13.2%
Consumer Cyclical 13.0%
Consumer Defensive 2.0%
Energy 1.5%
Basic Materials 1.3%
Utilities 1.1%
Communication Services 0.9%