Madison Asset Management, LLC Q3 2025 Filing

Filed November 6, 2025

Portfolio Value

$9.1T

Holdings

336

Report Date

Q3 2025

Filing Type

13F-HR

All Holdings (336 positions)

#StockSharesValue% PortfolioType
1
ACGLArch Capital Group Ltd
4,707,947$427.2B4.71%
2
APHAmphenol Corp
2,442,702$302.3B3.33%
3
ROSTRoss Stores Inc
1,593,021$242.8B2.68%
4
PCARPACCAR Inc
2,461,080$242.0B2.67%
5
CDWCDW Corp/DE
1,296,175$206.5B2.28%
6
GOOGAlphabet Inc
840,616$204.7B2.26%
7
CPRTCopart Inc
4,510,596$202.8B2.24%
8
BROBrown & Brown Inc
2,008,760$188.4B2.08%
9
ITGartner Inc
715,811$188.2B2.08%
10
CSLCarlisle Cos Inc
508,966$167.4B1.85%
11
AMZNAmazon.com Inc
736,150$161.6B1.78%
12
LHLabcorp Holdings Inc
556,122$159.6B1.76%
13
MEDPMedpace Holdings Inc
292,629$150.5B1.66%
14
WRBWR Berkley Corp
1,831,084$140.3B1.55%
15
TXNTexas Instruments Inc
725,279$133.3B1.47%
16
TDYTeledyne Technologies Inc
222,575$130.4B1.44%
17
VVisa Inc
366,257$125.0B1.38%
18
FNDFloor & Decor Holdings Inc
1,644,673$121.2B1.34%
19
MKSIMKS Inc
976,091$120.8B1.33%
20
THOThor Industries Inc
1,102,188$114.3B1.26%
21
DHRDanaher Corp
553,187$109.7B1.21%
22
BAMBrookfield Asset Management Lt
1,908,051$108.6B1.20%
23
SPHQInvesco S&P 500 Quality ETF
1,448,969$106.2B1.17%
24
ANETArista Networks Inc
728,558$106.2B1.17%
25
LOWLowe's Cos Inc
407,815$102.5B1.13%
26
MCHPMicrochip Technology Inc
1,588,932$102.0B1.13%
27
FWONALiberty Media Corp-Liberty For
970,479$101.4B1.12%
28
KEYSKeysight Technologies Inc
571,222$99.9B1.10%
29
FERGFerguson Enterprises Inc
442,545$99.4B1.10%
30
PGRProgressive Corp
397,440$98.1B1.08%
31
TREXTrex Co Inc
1,893,081$97.8B1.08%
32
ADIAnalog Devices Inc
378,575$93.0B1.03%
33
WATWaters Corp
307,693$92.2B1.02%
34
MCMoelis & Co
1,284,261$91.6B1.01%
35
AWGAsbury Automotive Group Inc
374,577$91.6B1.01%
36
LADLithia Motors Inc
283,015$89.4B0.99%
37
MSFTMicrosoft Corp
169,700$87.9B0.97%
38
LBRDKLiberty Broadband Corp
1,328,182$84.4B0.93%
39
AG8Agilent Technologies Inc
653,819$83.9B0.93%
40
PHParker-Hannifin Corp
109,245$82.8B0.91%
41
SCHWCharles Schwab Corp/The
809,610$77.3B0.85%
42
BNBrookfield Corp
1,120,935$76.9B0.85%
43
JMBSJanus Henderson Mortgage-Backe
1,641,120$74.9B0.83%
44
ACNAccenture PLC
284,442$70.1B0.77%
45
TJXTJX Cos Inc
479,739$69.3B0.76%
46
FISVFiserv Inc
534,949$69.0B0.76%
47
EXPDExpeditors International of Wa
547,050$67.1B0.74%
48
KNSLKinsale Capital Group Inc
156,124$66.4B0.73%
49
MRSHMarsh & McLennan Cos Inc
319,737$64.4B0.71%
50
DSTLDistillate US Fundamental Stab
1,090,137$63.2B0.70%
51
MSTIMadison Short-Term Strategic I
3,038,297$62.7B0.69%
52
DIVLMadison Dividend Value ETF
2,368,228$55.1B0.61%
53
MAGGMadison Aggregate Bond ETF
2,661,903$54.7B0.60%
54
NEENextEra Energy Inc
683,751$51.6B0.57%
55
GBCIGlacier Bancorp Inc
1,044,445$50.8B0.56%
56
AAPLApple Inc
195,295$49.7B0.55%
57
ABNBAirbnb Inc
401,679$48.8B0.54%
58
ORCLOracle Corp
171,356$48.2B0.53%
59
CFRCullen/Frost Bankers Inc
377,226$47.8B0.53%
60
DEDeere & Co
103,660$47.4B0.52%
61
LLYEli Lilly & Co
58,856$44.9B0.50%
62
NKENIKE Inc
640,623$44.7B0.49%
63
VGTVanguard Information Technolog
59,826$44.7B0.49%
64
SPYSPDR S&P 500 ETF Trust
66,496$44.3B0.49%
65
FWONALiberty Media Corp-Liberty For
454,863$43.3B0.48%
66
GGGGraco Inc
499,241$42.4B0.47%
67
JPMJPMorgan Chase & Co
132,583$41.8B0.46%
68
TECHBio-Techne Corp
744,651$41.4B0.46%
69
CVRDMadison Covered Call ETF
2,205,000$40.9B0.45%
70
MSCIMSCI Inc
70,672$40.1B0.44%
71
BLKBlackrock Inc
33,829$39.4B0.43%
72
SBUXStarbucks Corp
460,080$38.9B0.43%
73
HDHome Depot Inc
95,607$38.7B0.43%
74
JNJJohnson & Johnson
203,470$37.7B0.42%
75
EEMAiShares MSCI Emerging Markets
396,693$36.4B0.40%
76
TELTE Connectivity PLC
154,023$33.8B0.37%
77
HONHoneywell International Inc
156,974$33.0B0.36%
78
VEUVanguard FTSE All-World ex-US
462,706$33.0B0.36%
79
SCHRSchwab Intermediate-Term U.S.
1,139,355$28.6B0.32%
80
CMECME Group Inc
105,373$28.5B0.31%
81
SPHYSPDR Portfolio High Yield Bond
1,130,255$27.1B0.30%
82
ALCAlcon Inc
360,135$26.8B0.30%
83
COSTCostco Wholesale Corp
27,095$25.1B0.28%
84
KBESPDR S&P Bank ETF
420,694$25.0B0.28%
85
PEPPepsiCo Inc
176,072$24.7B0.27%
86
AGGiShares Core U.S. Aggregate Bo
237,926$23.9B0.26%
87
ITWIllinois Tool Works Inc
87,875$22.9B0.25%
88
JIREJPMorgan International Researc
310,862$22.9B0.25%
89
VGKVanguard FTSE Europe ETF
269,918$21.5B0.24%
90
AMTAmerican Tower Corp
110,199$21.2B0.23%
91
ADPAutomatic Data Processing Inc
72,144$21.2B0.23%
92
COPConocoPhillips
220,851$20.9B0.23%
93
LINLinde PLC
43,601$20.7B0.23%
94
DWDMorgan Stanley
123,193$19.6B0.22%
95
IJRiShares Core S&P Small-Cap ETF
160,260$19.0B0.21%
96
CVXChevron Corp
120,842$18.8B0.21%
97
QCOMQUALCOMM Inc
109,266$18.2B0.20%
98
IJHiShares Core S&P Mid-Cap ETF
276,110$18.0B0.20%
99
EFXEquifax Inc
66,179$17.0B0.19%
100
IGIBiShares 5-10 Year Investment G
309,483$16.7B0.18%
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