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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 2 of 2  ·  27 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 ACWX iShares MSCI ACWI ex US ETF 9,887.0 $664K 0.01% NEW $67.13 +11.2%
22 PRU Prudential Financial Inc Financial Services 5,686.0 $642K 0.01% NEW $112.88 -8.1%
23 IEMG iShares Core MSCI Emerging Mar 7,898.0 $531K 0.01% NEW $67.22 +19.0%
24 VZ Verizon Communications Inc Communication Services 12,826.0 $522K 0.01% NEW $40.73 +11.6%
25 JUST Goldman Sachs JUST US Large Ca 2,916.0 $282K 0.00% NEW $96.70 +9.3%
26 AXP American Express Co Financial Services 556.0 $206K 0.00% NEW $369.95 -15.6%
27 BMY Bristol-Myers Squibb Co Healthcare 3,712.0 $200K 0.00% NEW $53.94 +3.0%
Page 2 of 2  ·  27 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%