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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 9  ·  177 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 THO Thor Industries Inc Consumer Cyclical 1,043,703.0 $107.2M 1.23% -58K -5.3% $102.67 -24.6%
22 KEYS Keysight Technologies Inc Technology 519,312.0 $105.5M 1.21% -52K -9.1% $203.19 +63.2%
23 SPHQ Invesco S&P 500 Quality ETF 1,362,392.0 $102.2M 1.18% -87K -6.0% $75.05 +13.8%
24 ADI Analog Devices Inc Technology 367,468.0 $99.7M 1.15% -11K -2.9% $271.20 +48.9%
25 Brookfield Asset Management Lt 1,801,474.0 $94.4M 1.08% -107K -5.6% $52.39
26 ANET Arista Networks Inc Technology 712,155.0 $93.3M 1.07% -16K -2.2% $131.03 +19.4%
27 LOW Lowe's Cos Inc Consumer Cyclical 375,532.0 $90.6M 1.04% -32K -7.9% $241.16 -13.8%
28 FERG Ferguson Enterprises Inc Industrials 397,291.0 $88.4M 1.02% -45K -10.2% $222.63 +0.7%
29 LAD Lithia Motors Inc Consumer Cyclical 266,043.0 $88.4M 1.02% -17K -6.0% $332.33 -12.2%
30 Liberty Media Corp-Liberty For 892,786.0 $87.9M 1.01% -78K -8.0% $98.51
31 PH Parker-Hannifin Corp Industrials 98,952.0 $87.0M 1.00% -10K -9.4% $878.96 +0.5%
32 FND Floor & Decor Holdings Inc Consumer Cyclical 1,411,076.0 $85.9M 0.99% -234K -14.2% $60.89 -24.6%
33 MC Moelis & Co Financial Services 1,218,178.0 $83.7M 0.96% -66K -5.2% $68.74 -0.1%
34 PGR Progressive Corp Financial Services 367,175.0 $83.6M 0.96% -30K -7.6% $227.72 -12.1%
35 A Agilent Technologies Inc Healthcare 609,418.0 $82.9M 0.95% -44K -6.8% $136.07 -2.5%
36 ABG Asbury Automotive Group Inc Consumer Cyclical 346,280.0 $80.5M 0.93% -28K -7.5% $232.53 -16.8%
37 EXPD Expeditors International of Wa Industrials 525,834.0 $78.4M 0.90% -21K -3.9% $149.01 +9.7%
38 SCHW Charles Schwab Corp/The Financial Services 761,350.0 $76.1M 0.88% -48K -6.0% $99.91 -11.8%
39 JMBS Janus Henderson Mortgage-Backe 1,532,028.0 $70.0M 0.81% -109K -6.7% $45.69 -2.0%
40 TJX TJX Cos Inc Consumer Cyclical 449,390.0 $69.0M 0.79% -30K -6.3% $153.61 +4.0%
Page 2 of 9  ·  177 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%