Madison Investment Advisors, LLC
Filing Date
Dec 31, 2024
Global Rank
#469
/ 8,038
Top Industry
Insurance - Diversified
7.4%
3Y Alpha vs SPY
-10.5%
Period ended 1 year ago
Filed Feb 11, 2025 · 1y
Clone Performance
Feb 2025–Jun 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+11.2%
SPY
+25.8%
Annualised alpha
-10.5%
Max drawdown
−17.1%
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
231 positions · as of Dec 31, 2024Top Position
5.7%
of portfolio value
Top 5
19.2%
of portfolio value
Top 10
30.3%
of portfolio value
HHI
172
Diversified
Sector Breakdown
As of Dec 31, 2024| Sector | % Portfolio | Value |
|---|---|---|
| Financial Services | 24.6% | $1,780,884,253 |
| Technology | 23.3% | $1,686,310,821 |
| Industrials | 16.2% | $1,171,275,405 |
| Consumer Cyclical | 15.4% | $1,116,972,313 |
| Healthcare | 9.7% | $699,867,832 |
| Consumer Defensive | 3.5% | $255,951,191 |
| Unclassified | 2.6% | $190,205,228 |
| Energy | 1.7% | $119,782,322 |
| Communication Services | 1.1% | $76,938,368 |
| Utilities | 0.9% | $62,334,818 |
| Basic Materials | 0.8% | $58,084,948 |
| Real Estate | 0.4% | $32,219,372 |
231 positions ·
$7,250,826,871 total
· as of Dec 31, 2024
All sectors
Basic Materials
Communication Services
Consumer Cyclical
Consumer Defensive
Energy
Financial Services
Healthcare
Industrials
Real Estate
Technology
Utilities
Showing 1–50
of 231 positions by value
· page 1 of 5
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| NOW |
ServiceNow, Inc.
Technology
|
First | 208 | $44,100 | 0.00% | |
| JCI |
Johnson Controls International plc
Industrials
|
First | 2,700 | $213,111 | 0.00% | |
| BMY |
Bristol Myers Squibb Co
Healthcare
|
First | 3,768 | $213,118 | 0.00% | |
| CSX |
Csx Corp
Industrials
|
First | 6,888 | $222,275 | 0.00% | |
| PHM |
Pultegroup Inc/Mi/
Consumer Cyclical
|
First | 2,140 | $233,046 | 0.00% | |
| WMT |
Walmart Inc.
Consumer Defensive
|
First | 2,676 | $241,776 | 0.00% | |
| NUE |
Nucor Corp
Basic Materials
|
First | 2,161 | $252,210 | 0.00% | |
| BSX |
Boston Scientific Corp
Healthcare
|
First | 2,950 | $263,494 | 0.00% | |
| TMO |
Thermo Fisher Scientific Inc.
Healthcare
|
First | 519 | $269,999 | 0.00% | |
| HWM |
Howmet Aerospace Inc.
Industrials
|
First | 2,500 | $273,425 | 0.00% | |
| ATI |
Ati Inc
Industrials
|
First | 5,000 | $275,200 | 0.00% | |
| MGEE |
Mge Energy Inc
Utilities
|
First | 3,138 | $294,846 | 0.00% | |
| BX |
Blackstone Inc.
Financial Services
|
First | 1,731 | $298,459 | 0.00% | |
| SOLV |
Solventum Corp
Healthcare
|
First | 4,875 | $322,042 | 0.00% | |
| J |
Jacobs Solutions Inc.
Industrials
|
First | 2,578 | $341,061 | 0.00% | |
| GILD |
Gilead Sciences, Inc.
Healthcare
|
First | 4,000 | $369,480 | 0.01% | |
| LNT |
Alliant Energy Corp
Utilities
|
First | 6,431 | $380,329 | 0.01% | |
| AFL |
Aflac Inc
Financial Services
|
First | 4,245 | $439,102 | 0.01% | |
| MKL |
Markel Group Inc.
Financial Services
|
First | 285 | $491,975 | 0.01% | |
| AVGO |
Broadcom Inc.
Technology
|
First | 2,485 | $576,122 | 0.01% | |
| LUMN |
Lumen Technologies, Inc.
Communication Services
|
First | 124,000 | $658,440 | 0.01% | |
| WM |
Waste Management Inc
Industrials
|
First | 3,275 | $660,862 | 0.01% | |
| GD |
General Dynamics Corp
Industrials
|
First | 2,642 | $696,140 | 0.01% | |
| CSCO |
Cisco Systems, Inc.
Technology
|
First | 11,797 | $698,382 | 0.01% | |
| KO |
Coca Cola Co
Consumer Defensive
|
First | 11,528 | $717,733 | 0.01% | |
| TRV |
Travelers Companies, Inc.
Financial Services
|
First | 3,010 | $725,078 | 0.01% | |
| KMX |
Carmax Inc
Consumer Cyclical
|
First | 10,019 | $819,153 | 0.01% | |
| WHR |
Whirlpool Corp /De/
Consumer Cyclical
|
First | 7,190 | $823,111 | 0.01% | |
| RLI |
Rli Corp
Financial Services
|
First | 10,211 | $841,539 | 0.01% | |
| GRMN |
Garmin Ltd
Technology
|
First | 4,384 | $904,243 | 0.01% | |
| AEM |
Agnico Eagle Mines Ltd
Basic Materials
|
First | 11,700 | $915,057 | 0.01% | |
| GMAB |
Genmab A/S
Healthcare
|
First | 46,904 | $978,886 | 0.01% | |
| HLMN |
Hillman Solutions Corp.
Industrials
|
First | 102,662 | $999,927 | 0.01% | |
| MA |
Mastercard Inc
Financial Services
|
First | 1,934 | $1,018,386 | 0.01% | |
| DEO |
Diageo PLC
Consumer Defensive
|
First | 8,038 | $1,021,870 | 0.01% | |
| D |
Dominion Energy, Inc
Utilities
|
First | 19,684 | $1,060,180 | 0.01% | |
| ALL |
Allstate Corp
Financial Services
|
First | 5,969 | $1,150,763 | 0.02% | |
| DGX |
Quest Diagnostics Inc
Healthcare
|
First | 7,817 | $1,179,272 | 0.02% | |
| TSLA |
Tesla, Inc.
Consumer Cyclical
|
First | 3,067 | $1,238,577 | 0.02% | |
| HUN |
Huntsman CORP
Basic Materials
|
First | 74,210 | $1,338,006 | 0.02% | |
| GLW |
Corning Inc /Ny
Technology
|
First | 30,404 | $1,444,798 | 0.02% | |
| LZ |
Legalzoom.Com, Inc.
Industrials
|
First | 192,636 | $1,446,696 | 0.02% | |
| MKC |
Mccormick & Co Inc
Consumer Defensive
|
First | 19,099 | $1,456,107 | 0.02% | |
| RACE |
Ferrari N.V.
Consumer Cyclical
|
First | 3,536 | $1,502,234 | 0.02% | |
| ITUB |
Itau Unibanco Holding S.A.
Financial Services
|
First | 373,870 | $1,636,728 | 0.02% | |
| SHEL |
Shell plc
Energy
|
First | 26,300 | $1,647,695 | 0.02% | |
| MFC |
Manulife Financial Corp
Financial Services
|
First | 55,798 | $1,713,556 | 0.02% | |
| TGT |
Target Corp
Consumer Defensive
|
First | 12,950 | $1,750,581 | 0.02% | |
| SCCO |
Southern Copper Corp/
Basic Materials
|
First | 21,061 | $1,853,559 | 0.03% | |
| PUK |
Prudential PLC
Financial Services
|
First | 120,277 | $1,917,215 | 0.03% |