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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 2 of 9  ·  161 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 FERG Ferguson Enterprises Inc Industrials 355,611.0 $84.4M 1.01% -42K -10.5% $237.33 -0.4%
22 SPHQ Invesco S&P 500 Quality ETF 936,702.0 $84.4M 1.01% -426K -31.2% $90.10 -4.7%
23 FND Floor & Decor Holdings Inc Consumer Cyclical 1,329,870.0 $78.9M 0.94% -81K -5.8% $59.36 -7.6%
24 TECH Bio-Techne Corp Healthcare 1,063,473.0 $75.1M 0.90% -118K -10.0% $70.65 +2.5%
25 IT Gartner Inc Technology 574,609.0 $74.5M 0.89% -101K -14.9% $129.62 +56.4%
26 PGR Progressive Corp Financial Services 338,343.0 $73.9M 0.88% -29K -7.8% $218.45 +2.5%
27 EXPD Expeditors International of Wa Industrials 448,305.0 $73.1M 0.87% -78K -14.7% $162.98 +15.2%
28 Brookfield Asset Management Lt 1,570,419.0 $70.4M 0.84% -231K -12.8% $44.85
29 LOW Lowe's Cos Inc Consumer Cyclical 315,223.0 $69.5M 0.83% -60K -16.1% $220.49 -1.6%
30 LAD Lithia Motors Inc Consumer Cyclical 230,604.0 $67.0M 0.80% -35K -13.3% $290.49 +26.9%
31 LLY Eli Lilly & Co Healthcare 55,520.0 $66.6M 0.79% -5K -8.9% $1199.43 +4.0%
32 THO Thor Industries Inc Consumer Cyclical 881,017.0 $66.2M 0.79% -163K -15.6% $75.16 +5.7%
33 TJX TJX Cos Inc Consumer Cyclical 429,842.0 $65.1M 0.78% -20K -4.3% $151.50 -7.1%
34 ABG Asbury Automotive Group Inc Consumer Cyclical 301,332.0 $60.6M 0.72% -45K -13.0% $201.08 +4.9%
35 BN Brookfield Corp Financial Services 1,306,755.0 $55.7M 0.66% -192K -12.8% $42.59 -1.5%
36 DIVL Madison Dividend Value ETF 2,163,006.0 $52.5M 0.63% -166K -7.1% $24.28 +6.9%
37 JMBS Janus Henderson Mortgage-Backe 1,106,482.0 $49.8M 0.59% -426K -27.8% $44.99 -1.2%
38 ABNB Airbnb Inc Consumer Cyclical 316,309.0 $45.3M 0.54% -46K -12.7% $143.10 +32.9%
39 MSTI Madison Short-Term Strategic I 2,211,990.0 $44.8M 0.53% -609K -21.6% $20.25 -0.4%
40 SPY SPDR S&P 500 ETF Trust Financial Services 55,098.0 $41.1M 0.49% -9K -14.0% $746.78 +2.2%
Page 2 of 9  ·  161 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%