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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 5 of 18  ·  342 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
81 SCHR Schwab Intermediate-Term U.S. 1,132,088.0 $28.4M 0.33% -7K -0.6% $25.08 -2.4%
82 XOM Exxon Mobil Corp Energy 222,970.0 $26.8M 0.31% +84K +60.6% $120.34 +24.6%
83 SPHY State Street SPDR Portfolio Hi 1,130,255.0 $26.8M 0.31% $23.67 -1.6%
84 ORCL Oracle Corp Technology 133,071.0 $25.9M 0.30% -38K -22.3% $194.91 +8.7%
85 ALC Alcon Inc Healthcare 320,900.0 $25.3M 0.29% -39K -10.9% $78.81 -16.1%
86 PEP PepsiCo Inc Consumer Defensive 173,291.0 $24.9M 0.29% -3K -1.6% $143.52 -2.0%
87 AGG iShares Core U.S. Aggregate Bo 247,990.0 $24.8M 0.28% +10K +4.2% $99.88 -1.7%
88 KBE State Street SPDR S&P Bank ETF 406,063.0 $24.6M 0.28% -15K -3.5% $60.69 +5.8%
89 CVX Chevron Corp Energy 159,868.0 $24.4M 0.28% +39K +32.3% $152.41 +24.2%
90 COST Costco Wholesale Corp Consumer Defensive 27,581.0 $23.8M 0.27% +486.0 +1.8% $862.33 +13.0%
91 JIRE JPMorgan International Researc 310,496.0 $23.2M 0.27% $74.88 +6.6%
92 VGK Vanguard FTSE Europe ETF 266,160.0 $22.3M 0.26% -4K -1.4% $83.61 +4.7%
93 ITW Illinois Tool Works Inc Industrials 86,961.0 $21.4M 0.25% -914.0 -1.0% $246.30 +2.5%
94 WDAY Workday Inc Technology 93,120.0 $20.0M 0.23% NEW $214.78 -32.8%
95 LIN Linde PLC Basic Materials 46,772.0 $19.9M 0.23% +3K +7.3% $426.39 +17.7%
96 IJH iShares Core S&P Mid-Cap ETF 297,331.0 $19.6M 0.23% +21K +7.7% $66.00 +12.3%
97 MDT Medtronic PLC Healthcare 195,216.0 $18.8M 0.22% +26K +15.0% $96.06 -16.0%
98 ADP Automatic Data Processing Inc Industrials 70,666.0 $18.2M 0.21% -1K -2.0% $257.23 -10.9%
99 MS Morgan Stanley Financial Services 101,108.0 $17.9M 0.21% -22K -17.9% $177.53 +19.6%
100 VFLO VictoryShares Free Cash Flow E 437,966.0 $17.2M 0.20% +338K +336.6% $39.38 +17.2%
Page 5 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%