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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 6 of 18  ·  347 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
101 ECL Ecolab Inc Basic Materials 69,767.0 $19.4M 0.23% +7K +10.4% $278.61 +3.9%
102 ASML ASML Holding NV - Spons NY Reg Technology 9,760.0 $19.4M 0.23% -6K -37.7% $1989.44 -12.3%
103 FLXR TCW Flexible Income ETF 491,484.0 $19.3M 0.23% +242K +96.9% $39.21 -0.4%
104 MDT Medtronic PLC Healthcare 237,625.0 $18.6M 0.22% +42K +21.7% $78.23 +16.5%
105 ALC Alcon Inc Healthcare 276,512.0 $18.6M 0.22% -44K -13.8% $67.10 +9.3%
106 VV Vanguard Morningstar Large-Cap 53,398.0 $18.4M 0.22% +4K +7.3% $343.91 +2.6%
107 PG Procter & Gamble Co Consumer Defensive 123,196.0 $18.1M 0.21% +40K +48.4% $146.64 -0.8%
108 UNH UnitedHealth Group Inc Healthcare 42,380.0 $17.6M 0.21% +7K +19.0% $415.63 -4.6%
109 SCHD Schwab US Dividend Equity ETF 535,292.0 $17.0M 0.20% +170K +46.5% $31.71 +10.7%
110 AJG Arthur J Gallagher & Co Financial Services 72,448.0 $16.6M 0.20% NEW $229.57 +17.0%
111 Schneider Electric SE - Unspon 246,582.0 $16.1M 0.19% +34K +15.8% $65.18
112 COP ConocoPhillips Energy 153,276.0 $15.9M 0.19% +36K +30.8% $103.96 +26.8%
113 EEMA iShares MSCI Emerging Markets 135,190.0 $15.8M 0.19% -257K -65.6% $116.96 -0.7%
114 UNP Union Pacific Corp Industrials 57,293.0 $15.6M 0.19% -7K -10.6% $272.00 +13.8%
115 IEF iShares 7-10 Year Treasury Bon 162,986.0 $15.4M 0.18% -1K -0.6% $94.57 -1.1%
116 SCHR Schwab Intermediate-Term U.S. 623,073.0 $15.4M 0.18% -509K -45.0% $24.66 -0.6%
117 MTDR Matador Resources Co Energy 298,756.0 $14.9M 0.18% +78K +35.2% $49.78 +11.6%
118 RIG Transocean Ltd Energy 3,030,000.0 $14.8M 0.18% $4.89 +17.6%
119 VRTX Vertex Pharmaceuticals Inc Healthcare 29,302.0 $14.6M 0.17% +13K +78.3% $496.73 +11.3%
120 ARMP Armata Pharmaceuticals Inc Healthcare 2,107,175.0 $13.7M 0.16% NEW $6.48 -14.2%
Page 6 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%