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Portfolio (Quarterly) Guide ↗

Madison Asset Management, LLC

· CIK 0001299351
13F Portfolio $8.4B AUM 347 positions Filed Aug 10, 2026 EDGAR ↗ ← All Funds
Q2 2026 Q4 2025 · All 38 New 121 Added 161 Reduced 33 Exited
Page 2 of 18  ·  347 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 WRB WR Berkley Corp Financial Services 1,497,784.0 $105.6M 1.26% -227K -13.2% $70.53 -1.2%
22 WAT Waters Corp Healthcare 279,856.0 $105.0M 1.25% -13K -4.5% $375.04 +9.5%
23 AOS A O Smith Corp Industrials 1,466,922.0 $92.0M 1.10% +258K +21.3% $62.72 -0.0%
24 Liberty Media Corp-Liberty For 964,340.0 $91.7M 1.09% +72K +8.0% $95.14
25 PH Parker-Hannifin Corp Industrials 88,312.0 $86.4M 1.03% -11K -10.8% $978.12 +3.7%
26 DHR Danaher Corp Healthcare 448,611.0 $85.5M 1.02% -96K -17.7% $190.48 +12.9%
27 FERG Ferguson Enterprises Inc Industrials 355,611.0 $84.4M 1.01% -42K -10.5% $237.33 -0.4%
28 SPHQ Invesco S&P 500 Quality ETF 936,702.0 $84.4M 1.01% -426K -31.2% $90.10 -4.7%
29 A Agilent Technologies Inc Healthcare 631,763.0 $83.9M 1.00% +22K +3.7% $132.83 +15.5%
30 MSFT Microsoft Corp Technology 217,910.0 $81.3M 0.97% +21K +10.7% $373.02 +30.6%
31 FND Floor & Decor Holdings Inc Consumer Cyclical 1,329,870.0 $78.9M 0.94% -81K -5.8% $59.36 -7.6%
32 SCHW Charles Schwab Corp/The Financial Services 847,868.0 $78.2M 0.93% +87K +11.4% $92.27 +23.2%
33 TECH Bio-Techne Corp Healthcare 1,063,473.0 $75.1M 0.90% -118K -10.0% $70.65 +2.5%
34 IT Gartner Inc Technology 574,609.0 $74.5M 0.89% -101K -14.9% $129.62 +56.4%
35 PGR Progressive Corp Financial Services 338,343.0 $73.9M 0.88% -29K -7.8% $218.45 +2.5%
36 EXPD Expeditors International of Wa Industrials 448,305.0 $73.1M 0.87% -78K -14.7% $162.98 +15.2%
37 VRSK Verisk Analytics Inc Industrials 398,522.0 $71.5M 0.85% NEW $179.53 +5.6%
38 Brookfield Asset Management Lt 1,570,419.0 $70.4M 0.84% -231K -12.8% $44.85
39 LOW Lowe's Cos Inc Consumer Cyclical 315,223.0 $69.5M 0.83% -60K -16.1% $220.49 -1.6%
40 LAD Lithia Motors Inc Consumer Cyclical 230,604.0 $67.0M 0.80% -35K -13.3% $290.49 +26.9%
Page 2 of 18  ·  347 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 25.1%
Financial Services 24.0%
Industrials 17.6%
Healthcare 13.2%
Consumer Cyclical 13.0%
Consumer Defensive 2.0%
Energy 1.5%
Basic Materials 1.3%
Utilities 1.1%
Communication Services 0.9%