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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 5 of 9  ·  177 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
81 COP ConocoPhillips Energy 117,200.0 $11.0M 0.13% -104K -46.9% $93.61 +27.0%
82 MCHP Microchip Technology Inc Technology 163,303.0 $10.4M 0.12% -1.4M -89.7% $63.72 +43.4%
83 MLPA Global X MLP ETF 196,210.0 $9.5M 0.11% -6K -3.0% $48.41 +11.9%
84 FLJP Franklin FTSE Japan ETF 273,154.0 $9.4M 0.11% -4K -1.6% $34.45 +14.0%
85 EOG EOG Resources Inc Energy 88,985.0 $9.3M 0.11% -22K -19.5% $105.01 +33.5%
86 QLTA iShares Aaa - A Rated Corporat 188,104.0 $9.0M 0.10% -3K -1.8% $48.09 -2.0%
87 VCSH Vanguard Short-Term Corporate 111,584.0 $8.9M 0.10% -19K -14.8% $79.73 -1.4%
88 PYPL PayPal Holdings Inc Financial Services 150,300.0 $8.8M 0.10% -7K -4.5% $58.38 -29.3%
89 ROK Rockwell Automation Inc Industrials 21,477.0 $8.4M 0.10% -1K -4.7% $389.07 +16.1%
90 FCX Freeport-McMoRan Inc Basic Materials 140,719.0 $7.1M 0.08% -2K -1.6% $50.79 +25.8%
91 EFX Equifax Inc Industrials 32,760.0 $7.1M 0.08% -33K -50.5% $216.98 -22.6%
92 CMI Cummins Inc Industrials 13,781.0 $7.0M 0.08% -4K -24.4% $510.45 +31.8%
93 APD Air Products & Chemicals Inc Basic Materials 28,227.0 $7.0M 0.08% -1K -3.9% $247.02 +12.0%
94 SPYM State Street SPDR Portfolio S& 81,327.0 $6.5M 0.07% -16K -16.7% $80.22 +8.5%
95 RLI RLI Corp Financial Services 94,929.0 $6.1M 0.07% -6K -5.5% $63.98 -18.6%
96 ELV Elevance Health Inc Healthcare 16,054.0 $5.6M 0.07% -546.0 -3.3% $350.55 +19.3%
97 CL Colgate-Palmolive Co Consumer Defensive 70,437.0 $5.6M 0.06% -3K -4.3% $79.02 +8.9%
98 VUG Vanguard Growth ETF 10,964.0 $5.3M 0.06% -2K -16.9% $487.86 -82.3%
99 FISV Fiserv Inc Technology 79,500.0 $5.3M 0.06% -455K -85.1% $67.17 -21.5%
100 FORM FormFactor Inc Technology 95,562.0 $5.3M 0.06% -54K -36.1% $55.78 +122.8%
Page 5 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%