MADISON WEALTH MANAGEMENT

CIK

1801857

Location

CINCINNATI, OH

Portfolio Value

Small $316,369,678

Diversification

Diversified

Filing Date

Global Rank

#2,526 / 6,895 ▼ 1

Top Industry

Software - Infrastructure 10.0%

3Y Alpha vs SPY

-9.3%

Period ended 2 years ago

Filed Nov 7, 2023 · 2y

15 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

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

Cloned portfolio

+38.8%

SPY

+76.5%

Annualised alpha

-9.3%

Max drawdown

−16.6%

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

97 positions · as of Sep 30, 2023 · Δ vs Jun 30, 2023

Top Position

8.7%

−0.5 pts

Top 5

27.8%

−0.5 pts

Top 10

39.3%

−0.3 pts

HHI

278

Diversified−13

Portfolio Trend

15 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2023

Sector	% Portfolio	Value	Positions
Financial Services	24.7%	$78,023,206	26
Technology	23.1%	$73,127,983	11
Healthcare	12.2%	$38,622,703	15
Consumer Cyclical	9.4%	$29,796,803	9
Energy	6.4%	$20,243,931	6
Industrials	5.1%	$16,163,691	10
Communication Services	4.6%	$14,537,639	4
Real Estate	4.5%	$14,310,903	4
Consumer Defensive	4.2%	$13,274,786	6
Utilities	2.0%	$6,475,211	2
Unclassified	2.0%	$6,183,723	2
Basic Materials	1.8%	$5,609,099	2

Last Quarter's Activity

Export CSV

Sep 30, 2023 vs Jun 30, 2023

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
OWL	Blue Owl Capital Inc.	+101,800	175,800	$2,278,368
WMT	Walmart Inc.	+19,508	31,551	$1,681,983
FSK	FS KKR Capital Corp	+13,320	80,900	$1,592,921
APO	Apollo Global Management, Inc.	+7,748	11,048	$991,668
CION	CION Investment Corp	+6,770	26,070	$275,559
RSG	Republic Services, Inc.	+1,271	23,681	$3,374,779
GOOGL	Alphabet Inc.	+1,230	65,067	$8,514,667
AMZN	Amazon Com Inc	+1,108	53,056	$6,744,478
VICI	Vici Properties Inc.	+700	35,300	$1,027,230
XOM	Exxon Mobil Corp	+654	59,637	$7,012,118
MRK	Merck & Co., Inc.	+562	14,714	$1,514,806
RTX	RTX Corp	+463	10,997	$791,454
TSM	Taiwan Semiconductor Manufacturing Co Ltd	+445	30,938	$2,688,512
ELV	Elevance Health, Inc.	+411	5,678	$2,472,314
SCHW	Schwab Charles Corp	+363	114,734	$6,298,896
ADSK	Autodesk, Inc.	+357	16,360	$3,385,047
LOW	Lowes Companies Inc	+353	35,164	$7,308,485
PEP	Pepsico Inc	+352	13,364	$2,264,396
ACN	Accenture plc	+277	7,631	$2,343,556
DHR	Danaher Corp /De/	+230	10,592	$2,329,676
AMT	American Tower Corp /Ma/	+178	8,736	$1,436,635
AXP	American Express Co	+165	13,222	$1,972,590
COST	Costco Wholesale Corp /New	+124	6,015	$3,398,234
BAM	Brookfield Asset Management Ltd.	+123	229,898	$7,664,799
SYK	Stryker Corp	+111	17,159	$4,689,039
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
OBDC	Blue Owl Capital Corp	−115,800	102,594	$1,420,926
INFY	Infosys Ltd	−56,166	24,350	$416,628
BN	BROOKFIELD Corp /ON/	−53,227	255,858	$5,333,794
BAC	Bank Of America Corp /De/	−35,441	80,293	$2,198,422
DIS	Walt Disney Co	−29,358	27,010	$2,189,160
PYPL	PayPal Holdings, Inc.	−25,312	24,870	$1,453,900
BIPH	Brookfield Infrastructure Partners L.P.	−18,940	204,664	$6,017,121
MSFT	Microsoft Corp	−3,398	87,269	$27,555,186
PFE	Pfizer Inc	−1,963	40,160	$1,332,107
MA	Mastercard Inc	−1,477	18,339	$7,260,593
FISV	Fiserv Inc	−1,425	30,080	$3,397,836
TROW	Price T Rowe Group Inc	−1,074	3,915	$410,566
BALL	BALL Corp	−1,031	49,835	$2,480,786
USB	US Bancorp De	−856	34,347	$1,135,511
PG	PROCTER & GAMBLE Co	−816	37,127	$5,415,344
NKE	NIKE, Inc.	−640	57,551	$5,503,026
CVX	Chevron Corp	−604	36,506	$6,155,641
LHX	L3harris Technologies, Inc. /De/	−604	14,217	$2,475,464
AAPL	Apple Inc.	−356	134,655	$23,054,282
CBRE	Cbre Group, Inc.	−352	137,406	$10,148,807
UPS	United Parcel Service Inc	−302	22,183	$3,457,664
CSCO	Cisco Systems, Inc.	−255	15,473	$831,828
WFC	Wells Fargo & Company/Mn	−248	13,432	$548,831
JNJ	Johnson & Johnson	−243	17,522	$2,729,051
SPGI	S&P Global Inc.	−136	11,115	$4,061,532
No positions match the current search.

New Positions

Positions the filer opened this quarter

5 positions

Ticker	Company	Shares	Value
LIN	Linde PLC	7,819	$2,911,404
ECL	Ecolab Inc.	15,925	$2,697,695
TOL	Toll Brothers, Inc.	19,492	$1,441,628
SXI	Standex International Corp/De/	5,900	$859,571
PAHC	Phibro Animal Health Corp	15,987	$204,153
No positions match the current search.

Sold Out

Positions the filer fully exited

5 positions

Ticker	Company	Shares	Value
CVS	CVS HEALTH Corp	58,547	$4,047,354
WPC	W. P. Carey Inc.	14,000	$926,385
MDT	Medtronic plc	9,256	$815,453
FAST	Fastenal Co	8,519	$251,267
SBUX	Starbucks Corp	2,055	$203,568
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

97 positions · $316,369,678 total · as of Sep 30, 2023

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

Showing 1–50 of 97 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
MSFT	Microsoft Corp Technology	Reduced	87,269	-3,398	$27,555,186	−10.8%	8.71%
AAPL	Apple Inc. Technology	Reduced	134,655	-356	$23,054,282	−12.0%	7.29%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	53,472	-48	$18,731,241	+2.6%	5.92%
CBRE	Cbre Group, Inc. Real Estate	Reduced	137,406	-352	$10,148,807	−8.7%	3.21%
GOOGL	Alphabet Inc. Communication Services	Added	65,067	+1,230	$8,514,667	+11.4%	2.69%
BAM	Brookfield Asset Management Ltd. Financial Services	Added	229,898	+123	$7,664,799	+2.2%	2.42%
LOW	Lowes Companies Inc Consumer Cyclical	Added	35,164	+353	$7,308,485	−7.0%	2.31%
MA	Mastercard Inc Financial Services	Reduced	18,339	-1,477	$7,260,593	−6.8%	2.29%
UNH	Unitedhealth Group Inc Healthcare	Added	13,938	+61	$7,027,400	+5.4%	2.22%
XOM	Exxon Mobil Corp Energy	Added	59,637	+654	$7,012,118	+10.8%	2.22%
AMZN	Amazon Com Inc Consumer Cyclical	Added	53,056	+1,108	$6,744,478	−0.4%	2.13%
SCHW	Schwab Charles Corp Financial Services	Added	114,734	+363	$6,298,896	−2.8%	1.99%
CVX	Chevron Corp Energy	Reduced	36,506	-604	$6,155,641	+5.4%	1.95%
BIPH	Brookfield Infrastructure Partners L.P. Utilities	Reduced	204,664	-18,940	$6,017,121	−26.3%	1.90%
IT	Gartner Inc Technology	Added	17,148	+103	$5,892,224	−1.3%	1.86%
ISRG	Intuitive Surgical Inc Healthcare	Reduced	18,870	-111	$5,515,512	−15.0%	1.74%
NKE	NIKE, Inc. Consumer Cyclical	Reduced	57,551	-640	$5,503,026	−14.3%	1.74%
PG	PROCTER & GAMBLE Co Consumer Defensive	Reduced	37,127	-816	$5,415,344	−5.9%	1.71%
BN	BROOKFIELD Corp /ON/ Financial Services	Reduced	255,858	-53,227	$5,333,794	−23.1%	1.69%
TJX	Tjx Companies Inc /De/ Consumer Cyclical	Added	59,836	+88	$5,318,223	+5.0%	1.68%
SYK	Stryker Corp Healthcare	Added	17,159	+111	$4,689,039	−9.8%	1.48%
V	Visa Inc. Financial Services	Reduced	20,109	-82	$4,625,271	−3.5%	1.46%
CME	Cme Group Inc. Financial Services	Reduced	22,106	-114	$4,426,063	+7.5%	1.40%
VRSK	Verisk Analytics, Inc. Industrials	Reduced	18,329	-11	$4,330,042	+4.5%	1.37%
SPGI	S&P Global Inc. Financial Services	Reduced	11,115	-136	$4,061,532	−10.0%	1.28%
TMO	Thermo Fisher Scientific Inc. Healthcare	Reduced	7,570	-48	$3,831,706	−3.6%	1.21%
INTU	Intuit Inc. Technology	Added	6,780	+27	$3,464,173	+12.0%	1.09%
UPS	United Parcel Service Inc Industrials	Reduced	22,183	-302	$3,457,664	−14.2%	1.09%
ORCL	Oracle Corp Technology	Reduced	32,626	-65	$3,455,745	−11.2%	1.09%
CMCSA	Comcast Corp Communication Services	Reduced	82,287	-88	$3,419,502	+6.6%	1.08%
COST	Costco Wholesale Corp /New Consumer Defensive	Added	6,015	+124	$3,398,234	+7.1%	1.07%
FISV	Fiserv Inc	Reduced	30,080	-1,425	$3,397,836	−14.5%	1.07%
ADSK	Autodesk, Inc. Technology	Added	16,360	+357	$3,385,047	+3.4%	1.07%
RSG	Republic Services, Inc. Industrials	Added	23,681	+1,271	$3,374,779	−1.7%	1.07%
LIN	Linde PLC Basic Materials	NEW	7,819	NEW	$2,911,404	NEW	0.92%
SPY	Spdr S&P 500 ETF Trust	Reduced	6,517	-99	$2,785,887	−5.0%	0.88%
JNJ	Johnson & Johnson Healthcare	Reduced	17,522	-243	$2,729,051	−7.2%	0.86%
ECL	Ecolab Inc. Basic Materials	NEW	15,925	NEW	$2,697,695	NEW	0.85%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Added	30,938	+445	$2,688,512	−12.6%	0.85%
AON	Aon plc Financial Services	Reduced	7,865	-41	$2,549,990	−6.6%	0.81%
BALL	BALL Corp Consumer Cyclical	Reduced	49,835	-1,031	$2,480,786	−16.2%	0.78%
LHX	L3harris Technologies, Inc. /De/ Industrials	Reduced	14,217	-604	$2,475,464	−14.7%	0.78%
ELV	Elevance Health, Inc. Healthcare	Added	5,678	+411	$2,472,314	+5.7%	0.78%
ACN	Accenture plc Technology	Added	7,631	+277	$2,343,556	+3.3%	0.74%
DHR	Danaher Corp /De/ Healthcare	Added	10,592	+230	$2,329,676	+5.7%	0.74%
REGN	Regeneron Pharmaceuticals, Inc. Healthcare	Held	2,822	0	$2,322,393	+14.5%	0.73%
BDX	Becton Dickinson & Co Healthcare	Reduced	11,292	-72	$2,295,063	−2.7%	0.73%
EOG	Eog Resources Inc Energy	Held	17,980	0	$2,279,144	+10.8%	0.72%
OWL	Blue Owl Capital Inc. Financial Services	Added	175,800	+101,800	$2,278,368	+164.3%	0.72%
PEP	Pepsico Inc Consumer Defensive	Added	13,364	+352	$2,264,396	−6.0%	0.72%