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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 8 of 9  ·  177 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
141 Norsk Hydro ASA - Spons ADR 237,919.0 $1.8M 0.02% -10K -3.9% $7.77
142 Murata Manufacturing Co Ltd - 177,556.0 $1.8M 0.02% -8K -4.4% $10.30
143 Canadian Pacific Kansas City L 24,579.0 $1.8M 0.02% -1K -5.6% $73.63
144 SPGI S&P Global Inc Financial Services 3,379.0 $1.8M 0.02% -438.0 -11.5% $522.59 -19.1%
145 WSC WillScot Holdings Corp Industrials 92,834.0 $1.7M 0.02% -118K -56.0% $18.83 +42.9%
146 Standard Chartered PLC - Unspo 34,846.0 $1.7M 0.02% -2K -4.5% $49.46
147 Carlsberg AS - Spons ADR 64,748.0 $1.7M 0.02% -3K -4.5% $26.11
148 FMX Fomento Economico Mexicano SAB Consumer Defensive 15,822.0 $1.6M 0.02% -589.0 -3.6% $101.07 +19.9%
149 NXPI NXP Semiconductors NV Technology 7,334.0 $1.6M 0.02% -300.0 -3.9% $217.06 +32.1%
150 YUMC Yum China Holdings Inc Consumer Cyclical 32,276.0 $1.5M 0.02% -1K -3.8% $47.74 -10.8%
151 XSHQ Invesco S&P SmallCap Quality E 36,338.0 $1.5M 0.02% -228K -86.2% $42.09 +8.1%
152 IRM Iron Mountain Inc Real Estate 17,052.0 $1.4M 0.02% -908.0 -5.1% $82.95 +48.8%
153 Lonza Group AG - Unspons ADR 20,934.0 $1.4M 0.02% -992.0 -4.5% $67.19
154 PRADA SpA - Unspons ADR 119,045.0 $1.4M 0.02% -11K -8.3% $11.50
155 Globus Medical Inc 15,151.0 $1.3M 0.01% -12K -43.4% $87.31
156 AEM Agnico Eagle Mines Ltd Basic Materials 7,603.0 $1.3M 0.01% -4K -33.2% $169.53 -7.4%
157 Wise PLC - Spons ADR 103,503.0 $1.3M 0.01% -11K -9.4% $12.26
158 Shin-Etsu Chemical Co Ltd - Un 79,785.0 $1.2M 0.01% -5K -6.3% $15.50
159 ALL Allstate Corp Financial Services 5,909.0 $1.2M 0.01% -60.0 -1.0% $208.15 +4.7%
160 Air Liquide SA - Unspons ADR 30,512.0 $1.1M 0.01% -2K -4.8% $37.56
Page 8 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%