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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 15 of 18  ·  342 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
281 AEM Agnico Eagle Mines Ltd Basic Materials 7,603.0 $1.3M 0.01% -4K -33.2% $169.53 -4.4%
282 Wise PLC - Spons ADR 103,503.0 $1.3M 0.01% -11K -9.4% $12.26
283 Symrise AG - Unspons ADR 62,100.0 $1.2M 0.01% +11K +20.6% $20.12
284 Shin-Etsu Chemical Co Ltd - Un 79,785.0 $1.2M 0.01% -5K -6.3% $15.50
285 ALL Allstate Corp Financial Services 5,909.0 $1.2M 0.01% -60.0 -1.0% $208.15 +3.3%
286 IWF iShares Russell 1000 Growth ET 2,440.0 $1.2M 0.01% $473.30 -74.0%
287 Air Liquide SA - Unspons ADR 30,512.0 $1.1M 0.01% -2K -4.8% $37.56
288 Hermes International SCA - Uns 4,547.0 $1.1M 0.01% -407.0 -8.2% $248.00
289 SHEL Shell PLC - Spons ADR Energy 14,929.0 $1.1M 0.01% -634.0 -4.1% $73.48 +17.9%
290 WFC Wells Fargo & Co Financial Services 11,621.0 $1.1M 0.01% -104.0 -0.9% $93.20 -13.1%
291 LUMN Lumen Technologies Inc Communication Services 124,000.0 $963K 0.01% $7.77 +16.0%
292 VO Vanguard Mid-Cap ETF 3,118.0 $905K 0.01% +2K +320.2% $290.24 -73.0%
293 AMPL Amplitude Inc Technology 78,000.0 $903K 0.01% NEW $11.58 -38.1%
294 GRMN Garmin Ltd Technology 4,384.0 $889K 0.01% $202.85 +16.0%
295 GD General Dynamics Corp Industrials 2,630.0 $885K 0.01% $336.66 +1.2%
296 RSP Invesco S&P 500 Equal Weight E 4,477.0 $858K 0.01% NEW $191.56 +8.4%
297 IEFA iShares Core MSCI EAFE ETF 9,246.0 $827K 0.01% +598.0 +6.9% $89.46 +7.5%
298 MA Mastercard Inc Financial Services 1,447.0 $826K 0.01% -90.0 -5.9% $570.88 -14.9%
299 IWB iShares Russell 1000 ETF 2,205.0 $823K 0.01% +504.0 +29.6% $373.37 +8.2%
300 INTU Intuit Inc Technology 1,200.0 $795K 0.01% $662.42 -53.9%
Page 15 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%