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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 7 of 9  ·  177 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
121 Wal-Mart de Mexico SAB de CV - 84,515.0 $2.6M 0.03% -4K -5.0% $31.17
122 BINV Brandes International ETF 64,950.0 $2.6M 0.03% -4K -6.1% $40.14 +5.7%
123 ITUB Itau Unibanco Holding SA - Spo Financial Services 361,149.0 $2.6M 0.03% -4K -1.1% $7.16 +4.5%
124 MRK Merck & Co Inc Healthcare 23,918.0 $2.5M 0.03% -2K -6.3% $105.26 +14.2%
125 Baldwin Insurance Group Inc/Th 104,282.0 $2.5M 0.03% -669.0 -0.6% $24.03
126 META Meta Platforms Inc Communication Services 3,730.0 $2.5M 0.03% -92.0 -2.4% $660.09 -11.5%
127 Tencent Holdings Ltd - Unspons 31,859.0 $2.4M 0.03% -2K -4.7% $76.55
128 MUFG Mitsubishi UFJ Financial Group Financial Services 149,570.0 $2.4M 0.03% -7K -4.7% $15.86 +23.9%
129 Deutsche Telekom AG - Spons AD 69,870.0 $2.3M 0.03% -3K -4.6% $32.70
130 SCCO Southern Copper Corp Basic Materials 15,755.0 $2.3M 0.03% -669.0 -4.1% $143.47 +18.0%
131 Kerry Group PLC - Spons ADR 24,750.0 $2.3M 0.03% -2K -7.0% $91.10
132 Lasertec Corp - Unspons ADR 58,717.0 $2.2M 0.03% -3K -4.7% $37.97
133 Siemens AG - Spons ADR 15,813.0 $2.2M 0.03% -768.0 -4.6% $139.95
134 DSMC Distillate Small/Mid Cash Flow 60,500.0 $2.1M 0.03% -11K -14.9% $35.47 +12.5%
135 PKW Invesco BuyBack Achievers ETF 15,839.0 $2.1M 0.02% -1K -6.7% $134.32 +2.2%
136 INFY Infosys Ltd - Spons ADR Technology 117,830.0 $2.1M 0.02% -5K -4.0% $17.82 -32.0%
137 SEZL Sezzle Inc Financial Services 31,165.0 $2.0M 0.02% -369.0 -1.2% $63.47 +86.7%
138 Toray Industries Inc - Unspons 152,471.0 $2.0M 0.02% -9K -5.4% $12.97
139 XLE Energy Select Sector SPDR Fund 44,160.0 $2.0M 0.02% -14K -23.4% $44.71 +28.7%
140 SONY Sony Group Corp - Spons ADR Technology 74,432.0 $1.9M 0.02% -30K -29.1% $25.60 -16.8%
Page 7 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%