Madison Asset Management, LLC
Filing Date
Global Rank
#544
/ 8,586
▼ 17
Top Industry
Diagnostics & Research
7.6%
3Y Alpha vs SPY
-10.0%
Period ended 3 months ago
Filed May 7, 2026 · 40d
25 quarters · since Mar 2020
Clone Performance
Jun 2023–Jun 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+37.5%
SPY
+78.1%
Annualised alpha
-10.0%
Max drawdown
−18.9%
Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.
Portfolio Concentration
245 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top 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 |
|---|---|---|
| Financial Services | 23.0% | $1,539,220,570 |
| Technology | 23.0% | $1,536,692,049 |
| Industrials | 16.9% | $1,131,365,797 |
| Consumer Cyclical | 14.7% | $980,412,503 |
| Healthcare | 12.2% | $814,602,563 |
| Energy | 2.5% | $169,170,431 |
| Consumer Defensive | 2.2% | $144,394,900 |
| Communication Services | 1.6% | $106,439,940 |
| Unclassified | 1.3% | $87,783,522 |
| Basic Materials | 1.2% | $80,507,857 |
| Utilities | 1.1% | $72,655,408 |
| Real Estate | 0.2% | $15,326,376 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| 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 | Open |
|---|---|---|---|---|---|
| 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 | $69,374,935 | |
| 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 | Open |
|---|---|---|---|---|
| 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 | Open |
|---|---|---|---|---|
| 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. | ||||
245 positions ·
$6,678,571,916 total
· 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 | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| ACGL |
Arch Capital Group Ltd.
Financial Services
|
Reduced | 4,076,446 | $391,298,051 | 5.86% | |
| ROST |
Ross Stores, Inc.
Consumer Cyclical
|
Reduced | 1,412,924 | $306,081,726 | 4.58% | |
| PCAR |
Paccar Inc
Industrials
|
Reduced | 1,585,366 | $183,109,773 | 2.74% | |
| APH |
Amphenol Corp /De/
Technology
|
Reduced | 1,251,006 | $158,064,608 | 2.37% | |
| CSL |
Carlisle Companies Inc
Industrials
|
Reduced | 453,813 | $151,401,093 | 2.27% | |
| BRO |
Brown & Brown, Inc.
Financial Services
|
Added | 2,307,622 | $150,480,030 | 2.25% | |
| AMZN |
Amazon Com Inc
Consumer Cyclical
|
Reduced | 667,083 | $138,933,376 | 2.08% | |
| CDW |
CDW Corp
Technology
|
Reduced | 1,105,086 | $133,737,507 | 2.00% | |
| LH |
Labcorp Holdings Inc.
Healthcare
|
Reduced | 490,546 | $130,882,578 | 1.96% | |
| CPRT |
Copart Inc
Industrials
|
Reduced | 3,889,584 | $129,134,188 | 1.93% | |
| MEDP |
Medpace Holdings, Inc.
Healthcare
|
Reduced | 262,293 | $125,950,475 | 1.89% | |
| TDY |
Teledyne Technologies Inc
Technology
|
Reduced | 198,548 | $120,123,525 | 1.80% | |
| KEYS |
Keysight Technologies, Inc.
Technology
|
Reduced | 422,973 | $119,434,886 | 1.79% | |
| TXN |
Texas Instruments Inc
Technology
|
Reduced | 608,305 | $118,096,332 | 1.77% | |
| V |
Visa Inc.
Financial Services
|
Added | 389,869 | $117,834,006 | 1.76% | |
| ADI |
Analog Devices Inc
Technology
|
Reduced | 337,410 | $107,343,617 | 1.61% | |
| WRB |
Berkley W R Corp
Financial Services
|
Reduced | 1,618,906 | $107,301,089 | 1.61% | |
| MC |
Moelis & Co
Financial Services
|
Added | 1,773,735 | $101,102,895 | 1.51% | |
| IT |
Gartner Inc
Technology
|
Reduced | 613,257 | $97,103,113 | 1.45% | |
| MSA |
MSA Safety Inc
Industrials
|
Added | 588,568 | $96,495,723 | 1.44% | |
| DHR |
Danaher Corp /De/
Healthcare
|
Reduced | 495,020 | $93,855,792 | 1.41% | |
| FERG |
Ferguson Enterprises Inc. /DE/
Industrials
|
Reduced | 373,297 | $87,075,258 | 1.30% | |
| ANET |
Arista Networks, Inc.
Technology
|
Reduced | 684,316 | $84,020,318 | 1.26% | |
| PH |
Parker-Hannifin Corp
Industrials
|
Reduced | 93,074 | $83,323,567 | 1.25% | |
| WAT |
Waters Corp /De/
Healthcare
|
Reduced | 272,649 | $81,194,872 | 1.22% | |
| MSFT |
Microsoft Corp
Technology
|
Added | 215,943 | $79,935,620 | 1.20% | |
| LOW |
Lowes Companies Inc
Consumer Cyclical
|
Reduced | 330,030 | $77,979,488 | 1.17% | |
| MKSI |
Mks Inc
Technology
|
Reduced | 338,336 | $77,752,996 | 1.16% | |
| THO |
Thor Industries Inc
Consumer Cyclical
|
Reduced | 964,776 | $77,075,954 | 1.15% | |
| AOS |
Smith A O Corp
Industrials
|
Reduced | 1,142,604 | $75,343,307 | 1.13% | |
| BAM |
Brookfield Asset Management Ltd.
Financial Services
|
Reduced | 1,675,100 | $74,458,195 | 1.11% | |
| EXPD |
Expeditors International Of Washington Inc
Industrials
|
Reduced | 490,415 | $70,242,140 | 1.05% | |
| FND |
Floor & Decor Holdings, Inc.
Consumer Cyclical
|
Reduced | 1,369,459 | $69,568,517 | 1.04% | |
| HON |
Honeywell International Inc
Industrials
|
Reduced | 306,928 | $69,374,935 | 1.04% | |
| PGR |
Progressive Corp/Oh/
Financial Services
|
Reduced | 349,774 | $69,339,197 | 1.04% | |
| A |
Agilent Technologies, Inc.
Healthcare
|
Reduced | 607,831 | $69,280,577 | 1.04% | |
| TJX |
Tjx Companies Inc /De/
Consumer Cyclical
|
Reduced | 433,099 | $69,165,910 | 1.04% | |
| SCHW |
Schwab Charles Corp
Financial Services
|
Reduced | 721,830 | $67,837,583 | 1.02% | |
| NEE |
Nextera Energy Inc
Utilities
|
Reduced | 684,398 | $63,566,886 | 0.95% | |
| MRSH |
Marsh & Mclennan Companies, Inc.
Financial Services
|
Added | 355,913 | $61,733,109 | 0.92% | |
| ABG |
Asbury Automotive Group Inc
Consumer Cyclical
|
Reduced | 308,875 | $60,357,263 | 0.90% | |
| LAD |
Lithia Motors Inc
Consumer Cyclical
|
Reduced | 232,682 | $58,105,349 | 0.87% | |
| TECH |
BIO-TECHNE Corp
Healthcare
|
Reduced | 1,093,058 | $57,123,211 | 0.86% | |
| TTAN |
ServiceTitan, Inc.
Technology
|
Added | 900,112 | $57,121,107 | 0.86% | |
| BN |
BROOKFIELD Corp /ON/
Financial Services
|
Reduced | 1,369,676 | $55,430,787 | 0.83% | |
| TYL |
Tyler Technologies Inc
Technology
|
NEW | 160,289 | $54,879,747 | 0.82% | |
| META |
Meta Platforms, Inc.
Communication Services
|
Added | 89,272 | $51,075,189 | 0.76% | |
| AAPL |
Apple Inc.
Technology
|
Added | 201,086 | $51,033,615 | 0.76% | |
| LLY |
ELI LILLY & Co
Healthcare
|
Reduced | 54,134 | $49,790,829 | 0.75% | |
| KNSL |
Kinsale Capital Group, Inc.
Financial Services
|
Reduced | 136,778 | $46,731,571 | 0.70% |