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
101
EZUiShares MSCI Eurozone ETF
264,809$16.4B0.18%
102
IEFiShares 7-10 Year Treasury Bon
169,739$16.4B0.18%
103
HSYHershey Co/The
87,066$16.3B0.18%
104
MDTMedtronic PLC
169,689$16.2B0.18%
105
BRK/BBerkshire Hathaway Inc
31,891$16.0B0.18%
106
ECLEcolab Inc
58,171$15.9B0.18%
107
UNPUnion Pacific Corp
66,361$15.7B0.17%
108
XOMExxon Mobil Corp
138,841$15.7B0.17%
109
CMCSAComcast Corp
497,237$15.6B0.17%
110
ABBVAbbVie Inc
67,401$15.6B0.17%
111
LVSLas Vegas Sands Corp
274,900$14.8B0.16%
112
VVVanguard Large-Cap ETF
47,968$14.8B0.16%
113
AESAES Corp/VA
1,094,000$14.4B0.16%
114
MDYSPDR S&P MidCap 400 ETF Trust
24,058$14.3B0.16%
115
BACBank of America Corp
263,601$13.6B0.15%
116
SPTISPDR Portfolio Intermediate Te
451,307$13.0B0.14%
117
ASMLASML Holding NV - Spons NY Reg
12,955$12.5B0.14%
118
EOGEOG Resources Inc
110,540$12.4B0.14%
119
FASTFastenal Co
248,234$12.2B0.13%
120
UNHUnitedHealth Group Inc
33,433$11.5B0.13%
121
XSHQInvesco S&P SmallCap Quality E
263,953$11.4B0.13%
122
ABTAbbott Laboratories
83,833$11.2B0.12%
123
PYPLPayPal Holdings Inc
157,300$10.5B0.12%
124
VCSHVanguard Short-Term Corporate
131,045$10.5B0.12%
125
TMUST-Mobile US Inc
43,300$10.4B0.11%
126
ADMArcher-Daniels-Midland Co
170,500$10.2B0.11%
127
SCHDSchwab US Dividend Equity ETF
365,292$10.0B0.11%
128
MTDRMatador Resources Co
221,000$9.9B0.11%
129
MLPAGlobal X MLP ETF
202,210$9.8B0.11%
130
FLJPFranklin FTSE Japan ETF
277,486$9.6B0.11%
131
CVSCVS Health Corp
126,650$9.5B0.11%
132
RIGTransocean Ltd
3,030,000$9.5B0.10%
133
FLXRTCW Flexible Income ETF
235,967$9.4B0.10%
134
ADBEAdobe Inc
26,608$9.4B0.10%
135
PGProcter & Gamble Co
60,659$9.3B0.10%
136
QLTAiShares Aaa - A Rated Corporat
191,538$9.3B0.10%
137
EHCEncompass Health Corp
72,853$9.3B0.10%
138
CATCaterpillar Inc
19,217$9.2B0.10%
139
SPTSSPDR Portfolio Short Term Trea
306,146$9.0B0.10%
140
APAAPA Corp
338,700$8.2B0.09%
141
VFHVanguard Financials ETF
62,208$8.2B0.09%
142
USBU.S. Bancorp
166,584$8.1B0.09%
143
APDAir Products & Chemicals Inc
29,384$8.0B0.09%
144
STZConstellation Brands Inc
58,900$7.9B0.09%
145
ROKRockwell Automation Inc
22,537$7.9B0.09%
146
CMICummins Inc
18,233$7.7B0.08%
147
SPYMState Street SPDR Portfolio S&
97,674$7.7B0.08%
148
MCDMcDonald's Corp
24,593$7.5B0.08%
149
RLIRLI Corp
100,479$6.6B0.07%
150
SMGScotts Miracle-Gro Co/The
111,868$6.4B0.07%
151
HAYWHayward Holdings Inc
421,221$6.4B0.07%
152
VRTXVertex Pharmaceuticals Inc
16,201$6.3B0.07%
153
VUGVanguard Growth ETF
13,189$6.3B0.07%
154
CNMCore & Main Inc
116,023$6.2B0.07%
155
PFEPfizer Inc
242,132$6.2B0.07%
156
CLColgate-Palmolive Co
73,635$5.9B0.06%
157
ENQEntegris Inc
62,353$5.8B0.06%
158
HQYHealthEquity Inc
60,707$5.8B0.06%
159
FCXFreeport-McMoRan Inc
142,941$5.6B0.06%
160
FMFFormFactor Inc
149,619$5.4B0.06%
161
ELVElevance Health Inc
16,600$5.4B0.06%
162
BOXBox Inc
161,870$5.2B0.06%
163
XLEEnergy Select Sector SPDR Fund
57,671$5.2B0.06%
164
WYWeyerhaeuser Co
207,000$5.1B0.06%
165
BABAAlibaba Group Holding Ltd - Sp
28,558$5.1B0.06%
166
KNKnowles Corp
218,377$5.1B0.06%
167
TSMTaiwan Semiconductor Manufactu
17,794$5.0B0.05%
168
AXSAxis Capital Holdings Ltd
51,565$4.9B0.05%
169
CCOCameco Corp
58,630$4.9B0.05%
170
IVViShares Core S&P 500 ETF
7,186$4.8B0.05%
171
DRSLeonardo DRS Inc
104,861$4.8B0.05%
172
TCBITexas Capital Bancshares Inc
55,771$4.7B0.05%
173
NVDANVIDIA Corp
24,364$4.5B0.05%
174
WKWorkiva Inc
52,797$4.5B0.05%
175
OPCHOption Care Health Inc
162,647$4.5B0.05%
176
CVLTCommVault Systems Inc
23,794$4.5B0.05%
177
IEIiShares 3-7 Year Treasury Bond
37,337$4.5B0.05%
178
WSCWillScot Holdings Corp
211,208$4.5B0.05%
179
VOOVanguard S&P 500 ETF
7,181$4.4B0.05%
180
CFLTConfluent Inc
218,345$4.3B0.05%
181
CIENCiena Corp
29,216$4.3B0.05%
182
PWIPower Integrations Inc
103,171$4.1B0.05%
183
WEAWestern Alliance Bancorp
47,243$4.1B0.05%
184
CRCrane Co
22,154$4.1B0.04%
185
SHAKShake Shack Inc
42,552$4.0B0.04%
186
OSWOneSpaWorld Holdings Ltd
187,118$4.0B0.04%
187
VFLOVictoryShares Free Cash Flow E
100,307$3.8B0.04%
188
GOOGLAlphabet Inc
14,835$3.6B0.04%
189
SMPLSimply Good Foods Co/The
143,592$3.6B0.04%
190
AAGIYAIA Group Ltd - Spons ADR
90,594$3.5B0.04%
191
REGNRegeneron Pharmaceuticals Inc
6,111$3.4B0.04%
192
VFCVF Corp
235,396$3.4B0.04%
193
IQLTiShares MSCI International Qua
74,040$3.3B0.04%
194
HDBHDFC Bank Ltd - Spons ADR
95,050$3.2B0.04%
195
AZNAstraZeneca PLC - Spons ADR
42,179$3.2B0.04%
196
THGHanover Insurance Group Inc/Th
17,800$3.2B0.04%
197
OGM1Cogent Communications Holdings
83,719$3.2B0.04%
198
WMSAdvanced Drainage Systems Inc
23,143$3.2B0.04%
199
PRMBPrimo Brands Corp
143,492$3.2B0.03%
200
PNGAYPing An Insurance Group Co of
232,910$3.2B0.03%
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