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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 7 of 18  ·  347 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
121 Berkshire Hathaway Inc 27,243.0 $13.6M 0.16% -4K -11.6% $500.40
122 ADM Archer-Daniels-Midland Co Consumer Defensive 170,500.0 $13.0M 0.15% $76.40 +2.3%
123 SPTI State Street SPDR Portfolio In 424,419.0 $12.0M 0.14% -30K -6.5% $28.39 -1.0%
124 CRM salesforce.com Inc Technology 76,505.0 $12.0M 0.14% +30K +64.2% $156.66 +33.4%
125 WDAY Workday Inc Technology 96,659.0 $11.8M 0.14% +4K +3.8% $122.42 +62.7%
126 APD Air Products & Chemicals Inc Basic Materials 39,912.0 $11.7M 0.14% +12K +41.4% $293.18 +4.5%
127 BAC Bank of America Corp Financial Services 204,534.0 $11.7M 0.14% -50K -19.5% $56.98 +9.4%
128 MCD McDonald's Corp Consumer Cyclical 42,878.0 $11.6M 0.14% +2K +3.7% $270.31 +0.8%
129 ADP Automatic Data Processing Inc Industrials 48,439.0 $10.8M 0.13% -22K -31.4% $223.95 +26.4%
130 QLTA iShares Aaa - A Rated Corporat 226,700.0 $10.8M 0.13% +39K +20.5% $47.52 -2.2%
131 KBE State Street SPDR S&P Bank ETF 157,868.0 $10.8M 0.13% -248K -61.1% $68.22 +0.8%
132 APA APA Corp Energy 328,600.0 $10.7M 0.13% -10K -3.0% $32.57 +31.9%
133 SEZL Sezzle Inc Financial Services 61,679.0 $10.6M 0.13% +31K +97.9% $171.63 -31.3%
134 EOG EOG Resources Inc Energy 80,794.0 $10.5M 0.12% -8K -9.2% $129.73 +15.8%
135 SPMD State Street SPDR Portfolio S& 150,364.0 $10.2M 0.12% +99K +192.6% $67.56 -1.2%
136 FAST Fastenal Co Industrials 209,174.0 $10.0M 0.12% -154K -42.4% $48.03 +6.8%
137 WST West Pharmaceutical Services I Healthcare 27,574.0 $9.9M 0.12% NEW $359.00 -1.6%
138 VGK Vanguard FTSE Europe ETF 106,755.0 $9.5M 0.11% -159K -59.9% $88.54 +4.6%
139 FCX Freeport-McMoRan Inc Basic Materials 137,797.0 $8.7M 0.10% -3K -2.1% $62.89 +23.7%
140 LVS Las Vegas Sands Corp Consumer Cyclical 185,500.0 $8.6M 0.10% +108K +137.8% $46.19 +1.7%
Page 7 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%