Madison Asset Management, LLC

CIK

1299351

Location

MADISON, WI

Portfolio Value

Mid $6,678,571,925

Diversification

Diversified

Filing Date

Global Rank

#545 / 8,624 ▼ 19 · as of Mar 2026

Top Industry

Diagnostics & Research 7.6%

3Y Alpha vs SPY

-7.8%

Period ended 4 months ago

Filed May 7, 2026 · 3mo

25 quarters · since Mar 2020

Clone Performance

Aug 2023–Aug 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+37.4%

SPY

+69.4%

Annualised alpha

-8.0%

Max drawdown

−18.9%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

245 tracked positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

5.9%

+0.1 pts

Top 5

17.8%

+0.0 pts

Top 10

28.0%

−0.7 pts

HHI

163

Diversified−4

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Financial Services	23.0%	$1,539,220,569	43
Technology	23.0%	$1,536,692,049	49
Industrials	16.9%	$1,131,365,808	39
Consumer Cyclical	14.7%	$980,412,503	22
Healthcare	12.2%	$814,602,563	31
Energy	2.5%	$169,170,431	10
Consumer Defensive	2.2%	$144,394,900	17
Communication Services	1.6%	$106,439,940	8
Unclassified	1.3%	$87,783,522	5
Basic Materials	1.2%	$80,507,856	12
Utilities	1.1%	$72,655,408	5
Real Estate	0.2%	$15,326,376	4

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
MC	Moelis & Co	+555,557	1,773,735	$101,102,895
BRO	Brown & Brown, Inc.	+320,512	2,307,622	$150,480,030
TTAN	ServiceTitan, Inc.	+262,037	900,112	$57,121,107
AMPL	Amplitude, Inc.	+236,060	314,060	$2,141,889
CL	Colgate Palmolive Co	+178,583	249,020	$21,223,974
AVGO	Broadcom Inc.	+96,265	105,626	$32,692,303
COP	Conocophillips	+93,408	210,608	$27,800,256
META	Meta Platforms, Inc.	+85,542	89,272	$51,075,189
LVS	Las Vegas Sands Corp	+84,500	162,500	$8,755,500
NU	Nu Holdings Ltd.	+84,230	217,448	$3,124,727
MIR	Mirion Technologies, Inc.	+67,679	124,323	$2,311,164
MRSH	Marsh & Mclennan Companies, Inc.	+65,576	355,913	$61,733,109
MTDR	Matador Resources Co	+59,699	280,699	$17,734,562
GTLB	Gitlab Inc.	+49,107	109,461	$2,368,736
MDT	Medtronic plc	+48,784	244,000	$21,142,600
PG	PROCTER & GAMBLE Co	+46,697	129,694	$18,733,001
CRM	Salesforce, Inc.	+45,978	92,577	$17,281,348
EFX	Equifax Inc	+37,431	70,191	$12,639,293
V	Visa Inc.	+34,321	389,869	$117,834,006
SEZL	Sezzle Inc.	+31,673	62,838	$3,977,017
FISV	Fiserv Inc	+31,100	110,600	$6,171,480
INTU	Intuit Inc.	+24,064	25,264	$10,923,648
SFGYY	Sony Financial Group Inc./ADR	+20,908	354,444	$1,598,542
MSA	MSA Safety Inc	+20,324	588,568	$96,495,723
MSFT	Microsoft Corp	+19,008	215,943	$79,935,620
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
PCAR	Paccar Inc	−697,074	1,585,366	$183,109,773
MKSI	Mks Inc	−583,114	338,336	$77,752,996
AES	Aes Corp	−544,000	550,000	$7,749,500
SBUX	Starbucks Corp	−364,882	2,381	$213,313
ACGL	Arch Capital Group Ltd.	−255,985	4,076,446	$391,298,051
CPRT	Copart Inc	−182,775	3,889,584	$129,134,188
ACN	Accenture plc	−157,756	86,498	$17,151,688
USB	US Bancorp De	−154,855	44,141	$2,295,773
FAST	Fastenal Co	−145,791	217,488	$10,091,443
ORCL	Oracle Corp	−130,600	2,471	$363,508
BN	BROOKFIELD Corp /ON/	−128,895	1,369,676	$55,430,787
BAM	Brookfield Asset Management Ltd.	−126,374	1,675,100	$74,458,195
NKE	NIKE, Inc.	−113,841	93,384	$4,932,542
WRB	Berkley W R Corp	−105,692	1,618,906	$107,301,089
KEYS	Keysight Technologies, Inc.	−96,339	422,973	$119,434,886
ROST	Ross Stores, Inc.	−94,463	1,412,924	$306,081,726
APH	Amphenol Corp /De/	−89,835	1,251,006	$158,064,608
TECH	BIO-TECHNE Corp	−88,250	1,093,058	$57,123,211
ITUB	Itau Unibanco Holding S.A.	−79,633	281,516	$2,359,104
HON	Honeywell International Inc	−79,146	306,928	$69,374,946
THO	Thor Industries Inc	−78,927	964,776	$77,075,954
VIAV	Viavi Solutions Inc.	−76,461	92,548	$3,079,997
OSW	ONESPAWORLD HOLDINGS Ltd	−71,891	84,681	$1,943,428
FORM	Formfactor Inc	−71,455	24,107	$2,338,137
TXN	Texas Instruments Inc	−69,573	608,305	$118,096,332
No positions match the current search.

New Positions

Positions the filer opened this quarter

17 positions

Ticker	Company	Shares	Value
TYL	Tyler Technologies Inc	160,289	$54,879,747
BSY	Bentley Systems Inc	981,380	$34,466,065
ARMP	Armata Pharmaceuticals, Inc.	2,107,675	$21,582,592
NEM	NEWMONT Corp /DE/	40,500	$4,384,125
AZN	Astrazeneca PLC	21,436	$4,227,607
SNPS	Synopsys Inc	8,800	$3,489,024
ICUI	Icu Medical Inc/De	18,061	$2,332,578
PCOR	Procore Technologies, Inc.	39,358	$2,243,406
SITE	SiteOne Landscape Supply, Inc.	13,046	$1,736,553
NTR	Nutrien Ltd.	13,077	$986,790
BG	Bunge Global SA	5,969	$759,256
PANW	Palo Alto Networks Inc	4,506	$722,401
WEC	Wec Energy Group, Inc.	5,485	$634,998
BA	Boeing Co	2,290	$455,778
ETN	Eaton Corp plc	996	$356,239
GLW	Corning Inc /Ny	1,598	$217,280
MO	Altria Group, Inc.	3,230	$213,147
No positions match the current search.

Sold Out

Positions the filer fully exited

10 positions

Ticker	Company	Shares	Value
RLI	Rli Corp	94,929	$6,073,557
CHRD	Chord Energy Corp	24,950	$2,312,865
NICE	NICE Ltd.	13,988	$1,581,203
GMED	Globus Medical Inc	15,151	$1,322,833
PRU	Prudential Financial Inc	5,686	$641,835
ATI	Ati Inc	5,500	$631,180
TGT	Target Corp	3,117	$304,686
BX	Blackstone Inc.	1,721	$265,274
AWI	Armstrong World Industries Inc	1,091	$208,490
AXP	American Express Co	556	$205,692
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

245 tracked positions · $6,678,571,925 total · filing declares 349 positions · $8,063,597,901 · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 245 positions by value · page 1 of 5

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
ACGL	Arch Capital Group Ltd. Financial Services	Reduced	4,076,446	-255,985	$391,298,051	−5.8%	5.86%
ROST	Ross Stores, Inc. Consumer Cyclical	Reduced	1,412,924	-94,463	$306,081,726	+12.7%	4.58%
PCAR	Paccar Inc Industrials	Reduced	1,585,366	-697,074	$183,109,773	−26.7%	2.74%
APH	Amphenol Corp /De/ Technology	Reduced	1,251,006	-89,835	$158,064,608	−12.8%	2.37%
CSL	Carlisle Companies Inc Industrials	Reduced	453,813	-21,819	$151,401,093	−0.5%	2.27%
BRO	Brown & Brown, Inc. Financial Services	Added	2,307,622	+320,512	$150,480,030	−5.0%	2.25%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	667,083	-35,878	$138,933,376	−14.4%	2.08%
CDW	CDW Corp Technology	Reduced	1,105,086	-49,248	$133,737,507	−14.9%	2.00%
LH	Labcorp Holdings Inc. Healthcare	Reduced	490,546	-35,332	$130,882,578	−0.8%	1.96%
CPRT	Copart Inc Industrials	Reduced	3,889,584	-182,775	$129,134,188	−19.0%	1.93%
MEDP	Medpace Holdings, Inc. Healthcare	Reduced	262,293	-15,464	$125,950,475	−19.3%	1.89%
TDY	Teledyne Technologies Inc Technology	Reduced	198,548	-12,284	$120,123,525	+11.6%	1.80%
KEYS	Keysight Technologies, Inc. Technology	Reduced	422,973	-96,339	$119,434,886	+13.2%	1.79%
TXN	Texas Instruments Inc Technology	Reduced	608,305	-69,573	$118,096,332	+0.4%	1.77%
V	Visa Inc. Financial Services	Added	389,869	+34,321	$117,834,006	−5.5%	1.76%
ADI	Analog Devices Inc Technology	Reduced	337,410	-30,058	$107,343,617	+7.7%	1.61%
WRB	Berkley W R Corp Financial Services	Reduced	1,618,906	-105,692	$107,301,089	−11.3%	1.61%
MC	Moelis & Co Financial Services	Added	1,773,735	+555,557	$101,102,895	+20.7%	1.51%
IT	Gartner Inc Technology	Reduced	613,257	-62,141	$97,103,113	−43.0%	1.45%
MSA	MSA Safety Inc Industrials	Added	588,568	+20,324	$96,495,723	+6.0%	1.44%
DHR	Danaher Corp /De/ Healthcare	Reduced	495,020	-50,024	$93,855,792	−24.8%	1.41%
FERG	Ferguson Enterprises Inc. /DE/ Industrials	Reduced	373,297	-23,994	$87,075,258	−1.6%	1.30%
ANET	Arista Networks, Inc. Technology	Reduced	684,316	-27,839	$84,020,318	−10.0%	1.26%
PH	Parker-Hannifin Corp Industrials	Reduced	93,074	-5,878	$83,323,567	−4.2%	1.25%
WAT	Waters Corp /De/ Healthcare	Reduced	272,649	-20,515	$81,194,872	−27.1%	1.22%
MSFT	Microsoft Corp Technology	Added	215,943	+19,008	$79,935,620	−16.1%	1.20%
LOW	Lowes Companies Inc Consumer Cyclical	Reduced	330,030	-45,502	$77,979,488	−13.9%	1.17%
MKSI	Mks Inc Technology	Reduced	338,336	-583,114	$77,752,996	−47.2%	1.16%
THO	Thor Industries Inc Consumer Cyclical	Reduced	964,776	-78,927	$77,075,954	−28.1%	1.15%
AOS	Smith A O Corp Industrials	Reduced	1,142,604	-66,801	$75,343,307	−6.9%	1.13%
BAM	Brookfield Asset Management Ltd. Financial Services	Reduced	1,675,100	-126,374	$74,458,195	−21.1%	1.11%
EXPD	Expeditors International Of Washington Inc Industrials	Reduced	490,415	-35,419	$70,242,140	−10.4%	1.05%
FND	Floor & Decor Holdings, Inc. Consumer Cyclical	Reduced	1,369,459	-41,617	$69,568,517	−19.0%	1.04%
HON	Honeywell International Inc Industrials	Reduced	306,928	-79,146	$69,374,946	−7.9%	1.04%
PGR	Progressive Corp/Oh/ Financial Services	Reduced	349,774	-17,401	$69,339,197	−17.1%	1.04%
A	Agilent Technologies, Inc. Healthcare	Reduced	607,831	-1,587	$69,280,577	−16.5%	1.04%
TJX	Tjx Companies Inc /De/ Consumer Cyclical	Reduced	433,099	-16,291	$69,165,910	+0.2%	1.04%
SCHW	Schwab Charles Corp Financial Services	Reduced	721,830	-39,520	$67,837,583	−10.8%	1.02%
NEE	Nextera Energy Inc Utilities	Reduced	684,398	-2,480	$63,566,886	+15.3%	0.95%
MRSH	Marsh & Mclennan Companies, Inc. Financial Services	Added	355,913	+65,576	$61,733,109	+14.6%	0.92%
ABG	Asbury Automotive Group Inc Consumer Cyclical	Reduced	308,875	-37,405	$60,357,263	−25.0%	0.90%
LAD	Lithia Motors Inc Consumer Cyclical	Reduced	232,682	-33,361	$58,105,349	−34.3%	0.87%
TECH	BIO-TECHNE Corp Healthcare	Reduced	1,093,058	-88,250	$57,123,211	−17.8%	0.86%
TTAN	ServiceTitan, Inc. Technology	Added	900,112	+262,037	$57,121,107	−15.9%	0.86%
BN	BROOKFIELD Corp /ON/ Financial Services	Reduced	1,369,676	-128,895	$55,430,787	−19.4%	0.83%
TYL	Tyler Technologies Inc Technology	NEW	160,289	NEW	$54,879,747	NEW	0.82%
META	Meta Platforms, Inc. Communication Services	Added	89,272	+85,542	$51,075,189	+1974.4%	0.76%
AAPL	Apple Inc. Technology	Added	201,086	+5,566	$51,033,615	−4.0%	0.76%
LLY	ELI LILLY & Co Healthcare	Reduced	54,134	-6,780	$49,790,829	−23.9%	0.75%
KNSL	Kinsale Capital Group, Inc. Financial Services	Reduced	136,778	-584	$46,731,571	−13.0%	0.70%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.