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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 12 of 18  ·  342 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
221 META Meta Platforms Inc Communication Services 3,730.0 $2.5M 0.03% -92.0 -2.4% $660.09 -11.3%
222 Tencent Holdings Ltd - Unspons 31,859.0 $2.4M 0.03% -2K -4.7% $76.55
223 HXL Hexcel Corp Industrials 32,944.0 $2.4M 0.03% +10K +46.5% $73.90 +20.7%
224 MWA Mueller Water Products Inc Industrials 101,929.0 $2.4M 0.03% +647.0 +0.6% $23.82 +6.5%
225 MUFG Mitsubishi UFJ Financial Group Financial Services 149,570.0 $2.4M 0.03% -7K -4.7% $15.86 +25.6%
226 PRMB Primo Brands Corp Consumer Defensive 144,435.0 $2.4M 0.03% +943.0 +0.7% $16.35 +41.8%
227 CHRD Chord Energy Corp Energy 24,950.0 $2.3M 0.03% +160.0 +0.7% $92.70 +49.2%
228 EPC Edgewell Personal Care Co Consumer Defensive 135,035.0 $2.3M 0.03% +867.0 +0.7% $17.05 +18.9%
229 Deutsche Telekom AG - Spons AD 69,870.0 $2.3M 0.03% -3K -4.6% $32.70
230 GTLB Gitlab Inc Technology 60,354.0 $2.3M 0.03% NEW $37.53 -17.2%
231 SCCO Southern Copper Corp Basic Materials 15,755.0 $2.3M 0.03% -669.0 -4.1% $143.47 +18.8%
232 Kerry Group PLC - Spons ADR 24,750.0 $2.3M 0.03% -2K -7.0% $91.10
233 Daiichi Sankyo Co Ltd - Spons 105,074.0 $2.2M 0.03% +2K +1.8% $21.24
234 NU NU Holdings Ltd Financial Services 133,218.0 $2.2M 0.03% +41K +44.4% $16.74 -30.7%
235 Lasertec Corp - Unspons ADR 58,717.0 $2.2M 0.03% -3K -4.7% $37.97
236 adidas AG - Spons ADR 22,543.0 $2.2M 0.03% +2K +10.3% $98.85
237 Siemens AG - Spons ADR 15,813.0 $2.2M 0.03% -768.0 -4.6% $139.95
238 EXP Eagle Materials Inc Basic Materials 10,544.0 $2.2M 0.03% +2K +24.4% $206.68 +0.1%
239 SDY SPDR S&P Dividend ETF 15,638.0 $2.2M 0.03% $139.16 +6.9%
240 DSMC Distillate Small/Mid Cash Flow 60,500.0 $2.1M 0.03% -11K -14.9% $35.47 +12.6%
Page 12 of 18  ·  342 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%