13F holdings
Madison Asset Management, LLC portfolio
Managed by . 349 reported positions worth $8.1B as of 2026-03-31, filed with the SEC on 2026-05-07. Parsed from the filing itself, not a reseller.
$8.1B
Book value
349
Positions
24%
Top 10 weight
+23
New this quarter
-15
Exited
134 days
Age today
How old this actually is
Every position on this page is a snapshot of 2026-03-31. It was already 37 days old on 2026-05-07, the day it first became public. Today it is 134 days old.
That lag is the law, not a service level — Rule 13f-1 gives managers 45 days after quarter end to file, and no product can shorten it. A fund can have sold every share below before you read this sentence. Treat it as a record of what happened, never as a position you can follow.
What changed
Positions opened and closed
Against its 2025-12-31 filing. This is the part worth reading — the holdings table below is mostly years old.
New positions (23)
| Ticker | Issuer | Value | Shares | % of book |
|---|---|---|---|---|
| TYL | Tyler Technologies Inc | $54.9M | 160,289 | 0.68% |
| BSY | Bentley Systems Inc | $34.5M | 981,380 | 0.43% |
| ARMP | Armata Pharmaceuticals Inc | $21.6M | 2,107,675 | 0.27% |
| NEM | Newmont Corp | $4.4M | 40,500 | 0.05% |
| AZN | AstraZeneca PLC | $4.2M | 21,436 | 0.05% |
| PAVE | Global X US Infrastructure Dev | $4.1M | 81,054 | 0.05% |
| SNPS | Synopsys Inc | $3.5M | 8,800 | 0.04% |
| AVEM | Avantis Emerging Markets Equit | $2.9M | 35,777 | 0.04% |
| ICUI | ICU Medical Inc | $2.3M | 18,061 | 0.03% |
| PCOR | Procore Technologies Inc | $2.2M | 39,358 | 0.03% |
| SITE | SiteOne Landscape Supply Inc | $1.7M | 13,046 | 0.02% |
| GVI | iShares Intermediate Governmen | $1.2M | 11,151 | 0.01% |
| ADYEY | Adyen NV - Unspons ADR | $1.1M | 114,653 | 0.01% |
| NGLOY | Anglo American PLC - Spons ADR | $1.0M | 48,122 | 0.01% |
| NTR | Nutrien Ltd | $986,790 | 13,077 | 0.01% |
| BG | Bunge Global SA | $759,257 | 5,969 | 0.01% |
| PANW | Palo Alto Networks Inc | $722,402 | 4,506 | 0.01% |
| WEC | WEC Energy Group Inc | $634,998 | 5,485 | 0.01% |
| BA | Boeing Co/The | $455,779 | 2,290 | 0.01% |
| FLEU | Franklin FTSE Eurozone ETF | $371,315 | 11,489 | 0.00% |
| ETN | Eaton Corp PLC | $356,239 | 996 | 0.00% |
| GLW | Corning Inc | $217,280 | 1,598 | 0.00% |
| MO | Altria Group Inc | $213,148 | 3,230 | 0.00% |
Closed out (15)
| Ticker | Issuer | Was worth | Shares | % of book |
|---|---|---|---|---|
| RLI | RLI Corp | $6.1M | 94,929 | 0.00% |
| AZNN | DELISTED: AstraZeneca PLC - Sp | $3.7M | 40,584 | 0.00% |
| CHRD | Chord Energy Corp | $2.3M | 24,950 | 0.00% |
| XLE | Energy Select Sector SPDR Fund | $2.0M | 44,160 | 0.00% |
| NICE | Nice Ltd - Spons ADR | $1.6M | 13,988 | 0.00% |
| GMED | Globus Medical Inc | $1.3M | 15,151 | 0.00% |
| SYIEY | Symrise AG - Unspons ADR | $1.2M | 62,100 | 0.00% |
| ACWX | iShares MSCI ACWI ex US ETF | $663,714 | 9,887 | 0.00% |
| PRU | Prudential Financial Inc | $641,836 | 5,686 | 0.00% |
| ATI | ATI Inc | $631,180 | 5,500 | 0.00% |
| BBJP | JPMorgan BetaBuilders Japan ET | $554,369 | 8,411 | 0.00% |
| TGT | Target Corp | $304,687 | 3,117 | 0.00% |
| BX | Blackstone Group Inc/The | $265,275 | 1,721 | 0.00% |
| AWI | Armstrong World Industries Inc | $208,570 | 1,091 | 0.00% |
| AXP | American Express Co | $205,692 | 556 | 0.00% |
Added to (117)
| Ticker | Issuer | Value | Shares | % of book | Shares Δ |
|---|---|---|---|---|---|
| BRO | Brown & Brown Inc | $150.5M | 2,307,622 | 1.87% | +16% |
| V | Visa Inc | $117.8M | 389,869 | 1.46% | +10% |
| MC | Moelis & Co | $101.1M | 1,773,735 | 1.25% | +46% |
| MSA | MSA Safety Inc | $96.5M | 588,568 | 1.20% | +4% |
| FWONK | Liberty Media Corp-Liberty For | $91.0M | 1,070,299 | 1.13% | +20% |
| MSFT | Microsoft Corp | $79.9M | 215,943 | 0.99% | +10% |
| MRSH | Marsh & McLennan Cos Inc | $61.7M | 355,913 | 0.77% | +23% |
| TTAN | ServiceTitan Inc | $57.1M | 900,112 | 0.71% | +41% |
| VEU | Vanguard FTSE All-World ex-US | $55.4M | 737,912 | 0.69% | +48% |
| MAGG | Madison Aggregate Bond ETF | $55.3M | 2,724,067 | 0.69% | +4% |
| META | Meta Platforms Inc | $51.1M | 89,272 | 0.63% | +2293% |
| AAPL | Apple Inc | $51.0M | 201,086 | 0.63% | +3% |
| SPY | SPDR S&P 500 ETF Trust | $44.6M | 68,631 | 0.55% | +7% |
| JPM | JPMorgan Chase & Co | $41.8M | 142,142 | 0.52% | +3% |
| MSCI | MSCI Inc | $34.6M | 64,269 | 0.43% | +16% |
Trimmed (135)
| Ticker | Issuer | Value | Shares | % of book | Shares Δ |
|---|---|---|---|---|---|
| SBUX | Starbucks Corp | $213,290 | 2,381 | 0.00% | -99% |
| ORCL | Oracle Corp | $363,509 | 2,471 | 0.00% | -98% |
| CAT | Caterpillar Inc | $1.3M | 1,799 | 0.02% | -78% |
| USB | U.S. Bancorp | $2.3M | 44,141 | 0.03% | -78% |
| FORM | FormFactor Inc | $2.3M | 24,107 | 0.03% | -75% |
| HSY | Hershey Co/The | $6.2M | 29,602 | 0.08% | -66% |
| EZU | iShares MSCI Eurozone ETF | $5.2M | 82,862 | 0.06% | -65% |
| ACN | Accenture PLC | $17.2M | 86,498 | 0.21% | -65% |
| MKSI | MKS Inc | $77.8M | 338,336 | 0.96% | -63% |
| IWR | iShares Russell Mid-Cap ETF | $948,355 | 9,754 | 0.01% | -62% |
| MS | Morgan Stanley | $7.0M | 42,790 | 0.09% | -58% |
| NKE | NIKE Inc | $4.9M | 93,384 | 0.06% | -55% |
| ENTG | Entegris Inc | $3.4M | 28,834 | 0.04% | -54% |
| SPTS | State Street SPDR Portfolio Sh | $4.1M | 141,935 | 0.05% | -54% |
| IWB | iShares Russell 1000 ETF | $380,303 | 1,067 | 0.00% | -52% |
The book
Largest 150 of 349 holdings
| Ticker | Issuer | Value | Shares | % of book | Shares Δ |
|---|---|---|---|---|---|
| ACGL | Arch Capital Group Ltd | $391.3M | 4,076,446 | 4.85% | — |
| ROST | Ross Stores Inc | $306.1M | 1,412,924 | 3.80% | — |
| PCAR | PACCAR Inc | $183.1M | 1,585,366 | 2.27% | — |
| GOOG | Alphabet Inc | $180.6M | 629,576 | 2.24% | — |
| APH | Amphenol Corp | $158.1M | 1,251,006 | 1.96% | — |
| CSL | Carlisle Cos Inc | $151.4M | 453,813 | 1.88% | — |
| BRO | Brown & Brown Inc | $150.5M | 2,307,622 | 1.87% | — |
| AMZN | Amazon.com Inc | $138.9M | 667,083 | 1.72% | — |
| CDW | CDW Corp/DE | $133.7M | 1,105,086 | 1.66% | — |
| LH | Labcorp Holdings Inc | $130.9M | 490,546 | 1.62% | — |
| CPRT | Copart Inc | $129.1M | 3,889,584 | 1.60% | — |
| MEDP | Medpace Holdings Inc | $126.0M | 262,293 | 1.56% | — |
| TDY | Teledyne Technologies Inc | $120.1M | 198,548 | 1.49% | — |
| KEYS | Keysight Technologies Inc | $119.4M | 422,973 | 1.48% | — |
| TXN | Texas Instruments Inc | $118.1M | 608,305 | 1.46% | — |
| V | Visa Inc | $117.8M | 389,869 | 1.46% | — |
| ADI | Analog Devices Inc | $107.3M | 337,410 | 1.33% | — |
| WRB | WR Berkley Corp | $107.3M | 1,618,906 | 1.33% | — |
| MC | Moelis & Co | $101.1M | 1,773,735 | 1.25% | — |
| IT | Gartner Inc | $97.1M | 613,257 | 1.20% | — |
| MSA | MSA Safety Inc | $96.5M | 588,568 | 1.20% | — |
| SPHQ | Invesco S&P 500 Quality ETF | $96.4M | 1,282,365 | 1.20% | — |
| DHR | Danaher Corp | $93.9M | 495,020 | 1.16% | — |
| FWONK | Liberty Media Corp-Liberty For | $91.0M | 1,070,299 | 1.13% | — |
| FERG | Ferguson Enterprises Inc | $87.1M | 373,297 | 1.08% | — |
| ANET | Arista Networks Inc | $84.0M | 684,316 | 1.04% | — |
| PH | Parker-Hannifin Corp | $83.3M | 93,074 | 1.03% | — |
| WAT | Waters Corp | $81.2M | 272,649 | 1.01% | — |
| MSFT | Microsoft Corp | $79.9M | 215,943 | 0.99% | — |
| LOW | Lowe's Cos Inc | $78.0M | 330,030 | 0.97% | — |
| MKSI | MKS Inc | $77.8M | 338,336 | 0.96% | — |
| THO | Thor Industries Inc | $77.1M | 964,776 | 0.96% | — |
| AOS | A O Smith Corp | $75.3M | 1,142,604 | 0.93% | — |
| BAM | Brookfield Asset Management Lt | $74.5M | 1,675,100 | 0.92% | — |
| EXPD | Expeditors International of Wa | $70.2M | 490,415 | 0.87% | — |
| FND | Floor & Decor Holdings Inc | $69.6M | 1,369,459 | 0.86% | — |
| HONGBP | Honeywell International Inc | $69.4M | 306,928 | 0.86% | — |
| PGR | Progressive Corp | $69.3M | 349,774 | 0.86% | — |
| A | Agilent Technologies Inc | $69.3M | 607,831 | 0.86% | — |
| TJX | TJX Cos Inc | $69.2M | 433,099 | 0.86% | — |
| SCHW | Charles Schwab Corp/The | $67.8M | 721,830 | 0.84% | — |
| NEE | NextEra Energy Inc | $63.6M | 684,398 | 0.79% | — |
| MRSH | Marsh & McLennan Cos Inc | $61.7M | 355,913 | 0.77% | — |
| ABG | Asbury Automotive Group Inc | $60.4M | 308,875 | 0.75% | — |
| LBRDK | Liberty Broadband Corp | $59.8M | 1,188,921 | 0.74% | — |
| LAD | Lithia Motors Inc | $58.1M | 232,682 | 0.72% | — |
| TECH | Bio-Techne Corp | $57.1M | 1,093,058 | 0.71% | — |
| TTAN | ServiceTitan Inc | $57.1M | 900,112 | 0.71% | — |
| BN | Brookfield Corp | $55.4M | 1,369,676 | 0.69% | — |
| VEU | Vanguard FTSE All-World ex-US | $55.4M | 737,912 | 0.69% | — |
| MAGG | Madison Aggregate Bond ETF | $55.3M | 2,724,067 | 0.69% | — |
| TYL | Tyler Technologies Inc | $54.9M | 160,289 | 0.68% | — |
| JMBS | Janus Henderson Mortgage-Backe | $53.7M | 1,189,356 | 0.67% | — |
| DIVL | Madison Dividend Value ETF | $52.4M | 2,147,459 | 0.65% | — |
| MSTI | Madison Short-Term Strategic I | $51.1M | 2,510,249 | 0.63% | — |
| META | Meta Platforms Inc | $51.1M | 89,272 | 0.63% | — |
| AAPL | Apple Inc | $51.0M | 201,086 | 0.63% | — |
| LLY | Eli Lilly & Co | $49.8M | 54,134 | 0.62% | — |
| DSTL | Distillate US Fundamental Stab | $47.2M | 815,607 | 0.59% | — |
| KNSL | Kinsale Capital Group Inc | $46.7M | 136,778 | 0.58% | — |
| CFR | Cullen/Frost Bankers Inc | $46.0M | 335,573 | 0.57% | — |
| SPY | SPDR S&P 500 ETF Trust | $44.6M | 68,631 | 0.55% | — |
| ABNB | Airbnb Inc | $42.0M | 332,791 | 0.52% | — |
| JPM | JPMorgan Chase & Co | $41.8M | 142,142 | 0.52% | — |
| GBCI | Glacier Bancorp Inc | $41.6M | 930,467 | 0.52% | — |
| GGG | Graco Inc | $37.8M | 446,119 | 0.47% | — |
| MDY | SPDR S&P MidCap 400 ETF Trust | $36.5M | 59,247 | 0.45% | — |
| DE | Deere & Co | $36.3M | 64,509 | 0.45% | — |
| EXMOC | Exxon Mobil Corp | $36.0M | 212,258 | 0.45% | — |
| FWONA | Liberty Media Corp-Liberty For | $35.5M | 454,863 | 0.44% | — |
| EEMA | iShares MSCI Emerging Markets | $35.2M | 367,824 | 0.44% | — |
| VGT | Vanguard Information Technolog | $34.8M | 49,886 | 0.43% | — |
| MSCI | MSCI Inc | $34.6M | 64,269 | 0.43% | — |
| JNJ | Johnson & Johnson | $34.6M | 141,576 | 0.43% | — |
| BSY | Bentley Systems Inc | $34.5M | 981,380 | 0.43% | — |
| CVX | Chevron Corp | $33.5M | 162,088 | 0.42% | — |
| COST | Costco Wholesale Corp | $32.9M | 33,040 | 0.41% | — |
| AVGO | Broadcom Inc | $32.7M | 105,626 | 0.41% | — |
| IJR | iShares Core S&P Small-Cap ETF | $32.4M | 260,463 | 0.40% | — |
| CVRD | Madison Covered Call ETF | $32.3M | 1,805,000 | 0.40% | — |
| HD | Home Depot Inc | $30.0M | 91,304 | 0.37% | — |
| TEL | TE Connectivity PLC | $28.7M | 137,343 | 0.36% | — |
| PEP | PepsiCo Inc | $28.6M | 184,455 | 0.36% | — |
| BLK | Blackrock Inc | $27.8M | 28,918 | 0.34% | — |
| COP | ConocoPhillips | $27.8M | 210,608 | 0.34% | — |
| EMLC | VanEck J. P. Morgan EM Local C | $25.9M | 1,029,811 | 0.32% | — |
| JIRE | JPMorgan International Researc | $25.4M | 335,261 | 0.31% | — |
| CME | CME Group Inc | $25.3M | 85,626 | 0.31% | — |
| AGG | iShares Core U.S. Aggregate Bo | $25.2M | 253,778 | 0.31% | — |
| LIN | Linde PLC | $25.0M | 50,425 | 0.31% | — |
| SPHY | State Street SPDR Portfolio Hi | $25.0M | 1,071,755 | 0.31% | — |
| QCOM | QUALCOMM Inc | $24.0M | 186,590 | 0.30% | — |
| ALC | Alcon Inc | $22.3M | 296,121 | 0.28% | — |
| ARMP | Armata Pharmaceuticals Inc | $21.6M | 2,107,675 | 0.27% | — |
| IGIB | iShares 5-10 Year Investment G | $21.3M | 400,916 | 0.26% | — |
| CL | Colgate-Palmolive Co | $21.2M | 249,020 | 0.26% | — |
| MDT | Medtronic PLC | $21.1M | 244,000 | 0.26% | — |
| IJH | iShares Core S&P Mid-Cap ETF | $20.9M | 309,060 | 0.26% | — |
| RIG | Transocean Ltd | $20.1M | 3,030,000 | 0.25% | — |
| KBE | State Street SPDR S&P Bank ETF | $20.0M | 335,931 | 0.25% | — |
| SCHR | Schwab Intermediate-Term U.S. | $19.4M | 779,954 | 0.24% | — |
| ITW | Illinois Tool Works Inc | $18.9M | 72,466 | 0.23% | — |
| VFLO | VictoryShares Free Cash Flow E | $18.8M | 476,720 | 0.23% | — |
| IUSG | iShares Core S&P U.S. Growth E | $18.8M | 121,279 | 0.23% | — |
| PG | Procter & Gamble Co | $18.7M | 129,694 | 0.23% | — |
| ECL | Ecolab Inc | $17.8M | 67,080 | 0.22% | — |
| MTDR | Matador Resources Co | $17.7M | 280,699 | 0.22% | — |
| CRM | salesforce.com Inc | $17.3M | 92,577 | 0.21% | — |
| ACN | Accenture PLC | $17.2M | 86,498 | 0.21% | — |
| FLXR | TCW Flexible Income ETF | $16.8M | 426,822 | 0.21% | — |
| SCHD | Schwab US Dividend Equity ETF | $16.4M | 535,292 | 0.20% | — |
| IEF | iShares 7-10 Year Treasury Bon | $16.1M | 169,189 | 0.20% | — |
| VV | Vanguard Large-Cap ETF | $14.9M | 50,009 | 0.19% | — |
| UNP | Union Pacific Corp | $14.5M | 59,610 | 0.18% | — |
| APA | APA Corp | $13.9M | 328,600 | 0.17% | — |
| MCD | McDonald's Corp | $13.8M | 44,382 | 0.17% | — |
| BRK/B | Berkshire Hathaway Inc | $13.6M | 28,375 | 0.17% | — |
| ABBV | AbbVie Inc | $13.1M | 60,369 | 0.16% | — |
| SBGSY | Schneider Electric SE - Unspon | $13.1M | 239,991 | 0.16% | — |
| ASML | ASML Holding NV - Spons NY Reg | $12.7M | 9,630 | 0.16% | — |
| EFX | Equifax Inc | $12.6M | 70,191 | 0.16% | — |
| ADM | Archer-Daniels-Midland Co | $12.4M | 170,500 | 0.15% | — |
| SPTI | State Street SPDR Portfolio In | $12.4M | 432,305 | 0.15% | — |
| EOG | EOG Resources Inc | $12.3M | 85,261 | 0.15% | — |
| VGK | Vanguard FTSE Europe ETF | $12.3M | 149,407 | 0.15% | — |
| VRTX | Vertex Pharmaceuticals Inc | $12.2M | 27,387 | 0.15% | — |
| APD | Air Products & Chemicals Inc | $11.8M | 40,611 | 0.15% | — |
| WDAY | Workday Inc | $11.4M | 87,781 | 0.14% | — |
| UNH | UnitedHealth Group Inc | $11.2M | 41,546 | 0.14% | — |
| INTU | Intuit Inc | $10.9M | 25,264 | 0.14% | — |
| FAST | Fastenal Co | $10.1M | 217,488 | 0.13% | — |
| MLPA | Global X MLP ETF | $10.0M | 186,095 | 0.12% | — |
| BAC | Bank of America Corp | $10.0M | 204,939 | 0.12% | — |
| MCHP | Microchip Technology Inc | $9.5M | 147,781 | 0.12% | — |
| QLTA | iShares Aaa - A Rated Corporat | $9.4M | 197,753 | 0.12% | — |
| CVS | CVS Health Corp | $9.1M | 126,650 | 0.11% | — |
| STZ | Constellation Brands Inc | $8.8M | 58,900 | 0.11% | — |
| LVS | Las Vegas Sands Corp | $8.8M | 162,500 | 0.11% | — |
| ABT | Abbott Laboratories | $8.4M | 82,140 | 0.10% | — |
| ADBE | Adobe Inc | $8.4M | 34,685 | 0.10% | — |
| ADP | Automatic Data Processing Inc | $8.4M | 41,275 | 0.10% | — |
| TMUS | T-Mobile US Inc | $8.0M | 38,100 | 0.10% | — |
| VFH | Vanguard Financials ETF | $7.9M | 65,452 | 0.10% | — |
| FLJP | Franklin FTSE Japan ETF | $7.8M | 215,330 | 0.10% | — |
| AES | AES Corp/VA | $7.7M | 550,000 | 0.10% | — |
| VCSH | Vanguard Short-Term Corporate | $7.2M | 90,652 | 0.09% | — |
| MS | Morgan Stanley | $7.0M | 42,790 | 0.09% | — |
| EHC | Encompass Health Corp | $7.0M | 72,497 | 0.09% | — |
| SPYM | State Street SPDR Portfolio S& | $6.9M | 90,180 | 0.09% | — |
| PFE | Pfizer Inc | $6.8M | 242,132 | 0.08% | — |
This table is the 150 largest positions by value, out of 349 reported. The search box only searches what is on this page — a name absent from it may still be in the filing further down the book. The full info table is here.
Rows are aggregated by CUSIP — a manager files the same security multiple times when different internal desks hold it. Tickers link to our own backtest of that asset where we cover it.
Read the original
This page was built from one document: the 2026-03-31 Form 13F info table filed by Madison Asset Management, LLC (CIK 1299351, accession 0001954889-26-000018). Every other 13F site is reading the same file.
If anything here disagrees with it, the filing wins — and we would want to know. All 13F filings by this manager
What a 13F cannot show you
A 13F is a long-only equity snapshot, and the holes in it are structural. Anyone selling you this data as "what the smart money is doing" is selling you one leg of a position:
- No short positions. None, ever. A fund shown here as bullish may be net short the same name through a book you cannot see.
- No cash, bonds, FX, commodities or non-US listings. A macro fund's entire thesis can be invisible.
- No intra-quarter round trips. Bought and sold inside the same quarter means it never appears at all.
- Options are notional, not ownership. We keep puts and calls in a separate bucket rather than adding their notional into a fund's book size, which is how a $2B fund gets reported as a $20B one.
- Confidential treatment. Managers can ask the SEC to withhold a position while they build it. Those holdings are legally absent from the filing, so a "new" position may be months old.
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