Madison Investment Advisors, LLC

CIK

1507115

Location

MADISON, WI

Portfolio Value

Micro $62,334,818

Diversification

Diversified

Filing Date

Dec 31, 2024

Global Rank

#469 / 8,036

Top Industry

Insurance - Diversified 7.4%

3Y Alpha vs SPY

-9.3%

Period ended 1 year ago

Filed Feb 11, 2025 · 1y

Clone Performance

Feb 2025–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+10.5%

SPY

+23.4%

Annualised alpha

-9.3%

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, 2024

Top 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	Positions
Financial Services	24.6%	$1,780,884,253	39
Technology	23.3%	$1,686,310,821	43
Industrials	16.2%	$1,171,275,405	37
Consumer Cyclical	15.4%	$1,116,972,313	24
Healthcare	9.7%	$699,867,832	31
Consumer Defensive	3.5%	$255,951,191	19
Unclassified	2.6%	$190,205,228	3
Energy	1.7%	$119,782,322	10
Communication Services	1.1%	$76,938,368	8
Utilities	0.9%	$62,334,818	5
Basic Materials	0.8%	$58,084,948	10
Real Estate	0.4%	$32,219,372	2

Portfolio Positions

Compact Export CSV View 13F filing

5 positions · $62,334,818 total · Utilities only · as of Dec 31, 2024

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

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
NEE	Nextera Energy Inc Utilities	First	702,937	—	$50,393,553	—	80.84%
AES	Aes Corp Utilities	First	793,000	—	$10,205,910	—	16.37%
D	Dominion Energy, Inc Utilities	First	19,684	—	$1,060,180	—	1.70%
LNT	Alliant Energy Corp Utilities	First	6,431	—	$380,329	—	0.61%
MGEE	Mge Energy Inc Utilities	First	3,138	—	$294,846	—	0.47%