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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 4 of 9  ·  161 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
61 UNP Union Pacific Corp Industrials 57,293.0 $15.6M 0.19% -7K -10.6% $272.00 +13.9%
62 IEF iShares 7-10 Year Treasury Bon 162,986.0 $15.4M 0.18% -1K -0.6% $94.57 -1.6%
63 SCHR Schwab Intermediate-Term U.S. 623,073.0 $15.4M 0.18% -509K -45.0% $24.66 -1.0%
64 Berkshire Hathaway Inc 27,243.0 $13.6M 0.16% -4K -11.6% $500.40
65 SPTI State Street SPDR Portfolio In 424,419.0 $12.0M 0.14% -30K -6.5% $28.39 -1.0%
66 BAC Bank of America Corp Financial Services 204,534.0 $11.7M 0.14% -50K -19.5% $56.98 +9.4%
67 ADP Automatic Data Processing Inc Industrials 48,439.0 $10.8M 0.13% -22K -31.4% $223.95 +26.4%
68 KBE State Street SPDR S&P Bank ETF 157,868.0 $10.8M 0.13% -248K -61.1% $68.22 +0.8%
69 APA APA Corp Energy 328,600.0 $10.7M 0.13% -10K -3.0% $32.57 +31.9%
70 EOG EOG Resources Inc Energy 80,794.0 $10.5M 0.12% -8K -9.2% $129.73 +15.8%
71 FAST Fastenal Co Industrials 209,174.0 $10.0M 0.12% -154K -42.4% $48.03 +6.8%
72 VGK Vanguard FTSE Europe ETF 106,755.0 $9.5M 0.11% -159K -59.9% $88.54 +4.6%
73 FCX Freeport-McMoRan Inc Basic Materials 137,797.0 $8.7M 0.10% -3K -2.1% $62.89 +23.7%
74 VFH Vanguard Financials ETF 64,266.0 $8.5M 0.10% -971.0 -1.5% $131.60 +8.1%
75 KN Knowles Corp Technology 197,472.0 $8.2M 0.10% -22K -10.2% $41.48 -21.4%
76 MS Morgan Stanley Financial Services 37,780.0 $7.9M 0.09% -63K -62.6% $209.04 +2.4%
77 EHC Encompass Health Corp Healthcare 72,599.0 $7.3M 0.09% -528.0 -0.7% $101.08 +19.6%
78 MLPA Global X MLP ETF 138,095.0 $7.3M 0.09% -58K -29.6% $53.08 +6.2%
79 HAYW Hayward Holdings Inc Industrials 420,701.0 $7.3M 0.09% -3K -0.8% $17.31 -16.2%
80 SMG Scotts Miracle-Gro Co/The Basic Materials 105,163.0 $7.2M 0.09% -7K -6.6% $68.11 -10.9%
Page 4 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%