Madison Asset Management, LLC
Institutional InvestorSimilar funds →SEC EDGAR: CIK 1299351
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13F Reported Value
ⓘ$8.4B
Holdings
347
Latest Filing
2026-06-30
Filing Quarter
Q2 2026
Portfolio Overview
Madison Asset Management, LLC disclosed 347 positions worth $8.4B in its Form 13F-HR for Q2 2026, led by $ACGL (ARCH CAPITAL GROUP LTD.) at 4.4% of the equity portfolio, followed by $GOOGL and $APH. During the quarter the fund opened 18 new positions and exited 20 — including a new stake in $VRSK and a full exit from $LBRDA. The portfolio is most concentrated in Technology (27.2% of disclosed assets). All figures are sourced directly from Madison Asset Management, LLC’s Form 13F-HR filing with the SEC under CIK 1299351.
AI Fund Analysis
Stable
$ACGL4.4% weight
Held 10 quarters
$GOOG2.6% weight
Held 10 quarters
$APH2.5% weight
Held 10 quarters
$ROST2.3% weight
Held 10 quarters
$PCAR2.1% weight
Held 10 quarters
Vanguard FTSE All-World ex
8 quarters accumulating
VictoryShares Free Cash Fl
7 quarters accumulating
$AVGO6 quarters accumulating
$LIN5 quarters accumulating
iShares Core MSCI EAFE ETF
5 quarters accumulating
Sector Allocation
TechnologyFinancialsConsumer DiscretionaryOtherHealthcareIndustrials
AUM History
Top Equity Holdings by Value
Quarterly Activity — Q2 2026
Click any card to unlockTop Holdings
AI Quality Scored
- —
Quality
$368.8M3,799,789 sh - 78.2#57
Quality
$215.6M610,192 sh - 79.3#41
Quality
$207.4M1,176,112 sh - 70.4
Quality
$188.7M886,641 sh - 56.5
Quality
$177.6M1,478,618 sh - 73.4
Quality
$171.6M575,695 sh - 68.7
Quality
$156.4M656,264 sh - 59.4
Quality
$152.9M421,406 sh - 55.5
Quality
$150.6M1,070,495 sh - 61.2
Quality
$140.9M316,694 sh
| Company | Quality | Value | Shares |
|---|---|---|---|
| ARCH CAPITAL GROUP LTD.$ACGL | — | $368.8M | 3,799,789 |
 Alphabet Inc.$GOOGL | 78.2#57 | $215.6M | 610,192 |
| AMPHENOL CORP /DE/$APH | 79.3#41 | $207.4M | 1,176,112 |
| ROSS STORES, INC.$ROST | 70.4 | $188.7M | 886,641 |
| PACCAR INC$PCAR | 56.5 | $177.6M | 1,478,618 |
 TEXAS INSTRUMENTS INC$TXN | 73.4 | $171.6M | 575,695 |
 AMAZON COM INC$AMZN | 68.7 | $156.4M | 656,264 |
 CARLISLE COMPANIES INC$CSL | 59.4 | $152.9M | 421,406 |
 CDW Corp$CDW | 55.5 | $150.6M | 1,070,495 |
 MKS INC$MKSI | 61.2 | $140.9M | 316,694 |
Unlock AI quality scores for every holding
32-signal composite ranking on each of Madison Asset Management, LLC's 347 positions.
Showing top 10 of 347 holdings.
Sector Allocation
Technology
$2.3B
Financials
$1.7B
Consumer Discretionary
$1.2B
Other
$1.1B
Healthcare
$721.3M
Industrials
$689.5M
Materials
$256.6M
Communication Services
$142.4M
Top Holdings — Madison Asset Management, LLC (Q2 2026)
Top 150 of 347 disclosed positions (by reported value) from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.
| # | Ticker | Company | Value | Weight | QoQ | Quality |
|---|---|---|---|---|---|---|
| 1 | $ACGL | ARCH CAPITAL GROUP LTD. | $368.8M | 4.4% | -7% | — |
| 2 | $GOOGL | Alphabet Inc. | $215.6M | 2.6% | -3% | 78.2 |
| 3 | $APH | AMPHENOL CORP /DE/ | $207.4M | 2.5% | -6% | 79.3 |
| 4 | $ROST | ROSS STORES, INC. | $188.7M | 2.3% | -37% | 70.4 |
| 5 | $PCAR | PACCAR INC | $177.6M | 2.1% | -7% | 56.5 |
| 6 | $TXN | TEXAS INSTRUMENTS INC | $171.6M | 2.0% | -5% | 73.4 |
| 7 | $AMZN | AMAZON COM INC | $156.4M | 1.9% | -2% | 68.7 |
| 8 | $CSL | CARLISLE COMPANIES INC | $152.9M | 1.8% | -7% | 59.4 |
| 9 | $CDW | CDW Corp | $150.6M | 1.8% | -3% | 55.5 |
| 10 | $MKSI | MKS INC | $140.9M | 1.7% | -6% | 61.2 |
| 11 |  $KEYS | Keysight Technologies, Inc. | $139.4M | 1.7% | -6% | 71.4 |
| 12 |  $BRO | BROWN & BROWN, INC. | $138.6M | 1.6% | -6% | 73.8 |
| 13 |  $LH | LABCORP HOLDINGS INC. | $133.5M | 1.6% | -3% | 65 |
| 14 |  $V | VISA INC. | $131.3M | 1.6% | -2% | 82.9 |
| 15 |  $MEDP | Medpace Holdings, Inc. | $129.0M | 1.5% | -7% | 76.2 |
| 16 |  $ADI | ANALOG DEVICES INC | $124.4M | 1.5% | -7% | 79.2 |
| 17 |  $TDY | TELEDYNE TECHNOLOGIES INC | $122.6M | 1.5% | -7% | 67.2 |
| 18 |  $MSA | MSA Safety Inc | $115.3M | 1.4% | +12% | 63.4 |
| 19 |  $CPRT | COPART INC | $113.1M | 1.4% | +3% | 69.1 |
| 20 |  $MC | Moelis & Co | $109.1M | 1.3% | -6% | — |
| 21 |  $WRB | BERKLEY W R CORP | $105.6M | 1.3% | -7% | 68.6 |
| 22 |  $WAT | WATERS CORP /DE/ | $105.0M | 1.3% | +3% | 60.4 |
| 23 |  $AOS | SMITH A O CORP | $92.0M | 1.1% | +28% | 60 |
| 24 |  $FWONA | Liberty Media Corp | $91.7M | 1.1% | -10% | 63.2 |
| 25 |  $PH | Parker-Hannifin Corp | $86.4M | 1.0% | -5% | 65.8 |
| 26 |  $DHR | DANAHER CORP /DE/ | $85.5M | 1.0% | -9% | 64.8 |
| 27 |  $FERG | Ferguson Enterprises Inc. /DE/ | $84.4M | 1.0% | -5% | 52.2 |
| 28 |  $IVZ | Invesco Ltd. | $84.4M | 1.0% | -27% | — |
| 29 |  $A | AGILENT TECHNOLOGIES, INC. | $83.9M | 1.0% | +4% | 67.1 |
| 30 |  $MSFT | MICROSOFT CORP | $81.3M | 1.0% | +1% | 79.8 |
| 31 |  $FND | Floor & Decor Holdings, Inc. | $78.9M | 0.9% | -3% | 54.5 |
| 32 |  $SCHW | SCHWAB CHARLES CORP | $78.2M | 0.9% | +17% | 79.4 |
| 33 |  $TECH | BIO-TECHNE Corp | $75.1M | 0.9% | -3% | 58.9 |
| 34 |  $IT | GARTNER INC | $74.5M | 0.9% | -6% | 60.2 |
| 35 |  $PGR | PROGRESSIVE CORP/OH/ | $73.9M | 0.9% | -3% | 80.1 |
| 36 |  $EXPD | EXPEDITORS INTERNATIONAL OF WASHINGTON INC | $73.1M | 0.9% | -9% | 66 |
| 37 |  $VRSK | Verisk Analytics, Inc. | $71.5M | 0.8% | NEW | 71.2 |
| 38 |  $BAM | Brookfield Asset Management Ltd. | $70.4M | 0.8% | -6% | — |
| 39 |  $LOW | LOWES COMPANIES INC | $69.5M | 0.8% | -4% | 60.8 |
| 40 |  $LAD | LITHIA MOTORS INC | $67.0M | 0.8% | -1% | 46.6 |
| 41 |  $LLY | ELI LILLY & Co | $66.6M | 0.8% | +3% | 87.5 |
| 42 |  $THO | THOR INDUSTRIES INC | $66.2M | 0.8% | -9% | 47.4 |
| 43 |  $TJX | TJX COMPANIES INC /DE/ | $65.1M | 0.8% | -1% | 68.7 |
| 44 |  $NEE | NEXTERA ENERGY INC | $63.5M | 0.8% | +6% | 64.6 |
| 45 | — | Vanguard FTSE All-World ex-US - ETF | $63.5M | 0.8% | +3% | — |
| 46 |  $CFR | CULLEN/FROST BANKERS, INC. | $62.3M | 0.7% | +20% | 63.4 |
| 47 |  $ABG | ASBURY AUTOMOTIVE GROUP INC | $60.6M | 0.7% | -2% | 57.4 |
| 48 |  $GBCI | GLACIER BANCORP, INC. | $59.0M | 0.7% | +23% | 68.1 |
| 49 |  $AAPL | Apple Inc. | $58.1M | 0.7% | -0% | 76.4 |
| 50 |  $MRSH | MARSH & MCLENNAN COMPANIES, INC. | $57.2M | 0.7% | -4% | 66.2 |
| 51 |  $TTAN | ServiceTitan, Inc. | $56.1M | 0.7% | -12% | 49.2 |
| 52 |  $BN | BROOKFIELD Corp /ON/ | $55.7M | 0.7% | -5% | — |
| 53 | — | Madison Aggregate Bond ETF - ETF | $53.3M | 0.6% | -3% | — |
| 54 | — | Madison Dividend Value ETF - ETF | $52.5M | 0.6% | +1% | — |
| 55 | — | Janus Henderson Mortgage-Backe - ETF | $49.8M | 0.6% | -7% | — |
| 56 |  $HONA | Honeywell Aerospace Inc. | $49.7M | 0.6% | NEW | — |
| 57 |  $JPM | JPMORGAN CHASE & CO | $48.2M | 0.6% | +4% | 70.7 |
| 58 |  $GGG | GRACO INC | $46.9M | 0.6% | +39% | 63.4 |
| 59 | — | VictoryShares Free Cash Flow E - ETF | $45.9M | 0.6% | +111% | — |
| 60 |  $META | Meta Platforms, Inc. | $45.4M | 0.5% | -10% | 79.6 |
| 61 |  $ABNB | Airbnb, Inc. | $45.3M | 0.5% | -5% | 71 |
| 62 | — | Madison Short-Term Strategic I - ETF | $44.8M | 0.5% | -12% | — |
| 63 | $AVGO | Broadcom Inc. | $44.6M | 0.5% | +12% | 84.5 |
| 64 |  $HON | HONEYWELL INTERNATIONAL INC | $44.5M | 0.5% | -35% | 65 |
| 65 | — | Vanguard Information Technolog - ETF | $41.8M | 0.5% | +601% | — |
| 66 |  $SPY | SPDR S&P 500 ETF TRUST | $41.1M | 0.5% | -20% | — |
| 67 |  $KNSL | Kinsale Capital Group, Inc. | $40.8M | 0.5% | -10% | 77.3 |
| 68 |  $BSY | BENTLEY SYSTEMS INC | $40.8M | 0.5% | +39% | 67.9 |
| 69 |  $TYL | TYLER TECHNOLOGIES INC | $40.6M | 0.5% | -13% | 64.3 |
| 70 |  $ICE | Intercontinental Exchange, Inc. | $39.8M | 0.5% | NEW | 73.7 |
| 71 | $FWONA | Liberty Media Corp | $39.8M | 0.5% | +0% | 63.2 |
| 72 |  $MSCI | MSCI Inc. | $39.4M | 0.5% | +10% | 75.7 |
| 73 |  $DE | DEERE & CO | $38.7M | 0.5% | -5% | 55.4 |
| 74 | — | iShares Core S&P Small-Cap ETF - ETF | $36.5M | 0.4% | -6% | — |
| 75 |  $JNJ | JOHNSON & JOHNSON | $34.7M | 0.4% | -3% | 69 |
| 76 | — | Distillate US Fundamental Stab - ETF | $32.3M | 0.4% | -34% | — |
| 77 |  $HD | HOME DEPOT, INC. | $31.6M | 0.4% | -2% | 60.3 |
| 78 |  $COST | COSTCO WHOLESALE CORP /NEW | $31.3M | 0.4% | +1% | 66.2 |
| 79 | — | iShares 5-10 Year Investment G - ETF | $31.1M | 0.4% | +46% | — |
| 80 | — | Madison Covered Call ETF - ETF | $30.8M | 0.4% | -3% | — |
| 81 |  $QCOM | QUALCOMM INC/DE | $30.8M | 0.4% | -11% | 70.5 |
| 82 | — | JPMorgan International Researc - ETF | $30.6M | 0.4% | +11% | — |
| 83 |  $ANET | Arista Networks, Inc. | $30.3M | 0.4% | -74% | 81.9 |
| 84 | — | iShares Core S&P Mid-Cap ETF - ETF | $29.6M | 0.3% | +24% | — |
| 85 | — | iShares Core S&P U.S. Growth E - ETF | $28.5M | 0.3% | +25% | — |
| 86 |  $XOM.R34088 | EXXON MOBIL CORP | $28.4M | 0.3% | -2% | 57.9 |
| 87 |  $TEL | TE Connectivity plc | $27.5M | 0.3% | -1% | — |
| 88 |  $BLK | BlackRock, Inc. | $27.1M | 0.3% | -2% | 70 |
| 89 | $LIN | LINDE PLC | $26.8M | 0.3% | +3% | — |
| 90 |  $CVX | CHEVRON CORP | $26.4M | 0.3% | -2% | 62.8 |
| 91 | — | VanEck J. P. Morgan EM Local C - ETF | $26.2M | 0.3% | -0% | — |
| 92 | — | State Street SPDR Portfolio Hi - ETF | $26.0M | 0.3% | +3% | — |
| 93 | — | Avantis Emerging Markets Equit - ETF | $25.7M | 0.3% | +645% | — |
| 94 |  $CL | COLGATE PALMOLIVE CO | $25.1M | 0.3% | +10% | 61.3 |
| 95 |  $MDY | SPDR S&P MIDCAP 400 ETF TRUST | $25.0M | 0.3% | -40% | — |
| 96 | — | iShares Core U.S. Aggregate Bo - ETF | $25.0M | 0.3% | -1% | — |
| 97 |  $ITW | ILLINOIS TOOL WORKS INC | $21.5M | 0.3% | +10% | 63.6 |
| 98 |  $CME | CME GROUP INC. | $20.6M | 0.3% | +9% | 69.5 |
| 99 |  $PEP | PEPSICO INC | $20.5M | 0.2% | -18% | 63.4 |
| 100 |  $ABBV | AbbVie Inc. | $20.0M | 0.2% | +32% | 72.6 |
| 101 |  $ECL | ECOLAB INC. | $19.4M | 0.2% | +4% | 63.3 |
| 102 |  $ASML | ASML HOLDING NV | $19.4M | 0.2% | +1% | — |
| 103 | — | TCW Flexible Income ETF - ETF | $19.3M | 0.2% | +15% | — |
| 104 |  $MDT | Medtronic plc | $18.6M | 0.2% | -3% | 68.7 |
| 105 |  $ALC | ALCON INC | $18.6M | 0.2% | -7% | 54.9 |
| 106 | — | Vanguard Morningstar Large-Cap - ETF | $18.4M | 0.2% | +7% | — |
| 107 |  $PG | PROCTER & GAMBLE Co | $18.1M | 0.2% | -5% | 64.6 |
| 108 |  $UNH | UNITEDHEALTH GROUP INC | $17.6M | 0.2% | +2% | 62.7 |
| 109 | — | Schwab US Dividend Equity ETF - ETF | $17.0M | 0.2% | +0% | — |
| 110 |  $AJG | Arthur J. Gallagher & Co. | $16.6M | 0.2% | NEW | 71.2 |
| 111 | — | Schneider Electric SE - Unspon - COM | $16.1M | 0.2% | +3% | — |
| 112 |  $COP | CONOCOPHILLIPS | $15.9M | 0.2% | -27% | 70.2 |
| 113 | — | iShares MSCI Emerging Markets - ETF | $15.8M | 0.2% | -63% | — |
| 114 |  $UNP | UNION PACIFIC CORP | $15.6M | 0.2% | -4% | 69.7 |
| 115 | — | iShares 7-10 Year Treasury Bon - ETF | $15.4M | 0.2% | -4% | — |
| 116 | — | Schwab Intermediate-Term U.S. - ETF | $15.4M | 0.2% | -20% | — |
| 117 |  $MTDR | Matador Resources Co | $14.9M | 0.2% | +6% | 65.9 |
| 118 |  $RIG | Transocean Ltd. | $14.8M | 0.2% | +0% | — |
| 119 |  $VRTX | VERTEX PHARMACEUTICALS INC / MA | $14.6M | 0.2% | +7% | 75.4 |
| 120 |  $ARMP | Armata Pharmaceuticals, Inc. | $13.7M | 0.2% | -0% | — |
| 121 |  $BRK.B | BERKSHIRE HATHAWAY INC | $13.6M | 0.2% | -4% | 73.8 |
| 122 |  $ADM | Archer-Daniels-Midland Co | $13.0M | 0.2% | +0% | 50.7 |
| 123 | — | State Street SPDR Portfolio In - ETF | $12.0M | 0.1% | -2% | — |
| 124 |  $CRM | Salesforce, Inc. | $12.0M | 0.1% | -17% | 77 |
| 125 |  $WDAY | Workday, Inc. | $11.8M | 0.1% | +10% | 75.5 |
| 126 |  $APD | Air Products & Chemicals, Inc. | $11.7M | 0.1% | -2% | 46.4 |
| 127 |  $BAC | BANK OF AMERICA CORP /DE/ | $11.7M | 0.1% | -0% | 67.6 |
| 128 |  $MCD | MCDONALDS CORP | $11.6M | 0.1% | -3% | 69 |
| 129 |  $ADP | AUTOMATIC DATA PROCESSING INC | $10.8M | 0.1% | +17% | 69.8 |
| 130 | — | iShares Aaa - A Rated Corporat - ETF | $10.8M | 0.1% | +15% | — |
| 131 | — | State Street SPDR S&P Bank ETF - ETF | $10.8M | 0.1% | -53% | — |
| 132 |  $APA | APA Corp | $10.7M | 0.1% | +0% | — |
| 133 |  $SEZL | Sezzle Inc. | $10.6M | 0.1% | -2% | 80.1 |
| 134 |  $EOG | EOG RESOURCES INC | $10.5M | 0.1% | -5% | 71.9 |
| 135 | — | State Street SPDR Portfolio S& - ETF | $10.2M | 0.1% | +193% | — |
| 136 |  $FAST | FASTENAL CO | $10.0M | 0.1% | -4% | 66.9 |
| 137 |  $WST | WEST PHARMACEUTICAL SERVICES INC | $9.9M | 0.1% | NEW | 64.4 |
| 138 | — | Vanguard FTSE Europe ETF - ETF | $9.5M | 0.1% | -29% | — |
| 139 |  $FCX | FREEPORT-MCMORAN INC | $8.7M | 0.1% | +68% | 62 |
| 140 |  $LVS | LAS VEGAS SANDS CORP | $8.6M | 0.1% | +14% | 70.7 |
| 141 |  $TSM | TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD | $8.5M | 0.1% | -0% | — |
| 142 | — | Vanguard Financials ETF - ETF | $8.5M | 0.1% | -2% | — |
| 143 | — | State Street SPDR Portfolio S& - ETF | $8.3M | 0.1% | +5% | — |
| 144 | — | State Street Health Care Selec - ETF | $8.3M | 0.1% | NEW | — |
| 145 |  $STZ | CONSTELLATION BRANDS, INC. | $8.2M | 0.1% | +0% | 59.8 |
| 146 |  $KN | Knowles Corp | $8.2M | 0.1% | -5% | 47.5 |
| 147 |  $MS | MORGAN STANLEY | $7.9M | 0.1% | -12% | 75.8 |
| 148 | — | GMO US Quality ETF - ETF | $7.8M | 0.1% | +1% | — |
| 149 | — | Vanguard Morningstar Growth ET - ETF | $7.4M | 0.1% | +604% | — |
| 150 |  $EHC | Encompass Health Corp | $7.3M | 0.1% | +0% | 66.9 |
New Positions (18)
$VRSK Verisk Analytics, Inc.$71.5M$HONA Honeywell Aerospace Inc.$49.7M$ICE Intercontinental Exchange, Inc.$39.8M$AJG Arthur J. Gallagher & Co.$16.6M$WST WEST PHARMACEUTICAL SERVICES INC$9.9M State Street Health Care Selec - ETF$8.3M
$EMR EMERSON ELECTRIC CO$5.3M Energy Select Sector SPDR Fund - ETF$4.6M
$SYK STRYKER CORP$3.2M
$MAIR Madison Air Solutions Corp$3.2M
$EXTR EXTREME NETWORKS INC$3.0M
$INDI indie Semiconductor, Inc.$2.3M
$BDC BELDEN INC.$1.8M
$CE Celanese Corp$1.8M
$WSE Wise Group plc$1.7MExited Positions (20)
$LBRDA Liberty Broadband Corp
$EFX EQUIFAX INC
$INTU INTUIT INC.
$MCHP MICROCHIP TECHNOLOGY INC iShares MSCI Eurozone ETF
$OPCH Option Care Health, Inc.
$BABA Alibaba Group Holding Ltd
$SMPL Simply Good Foods Co
$OSW ONESPAWORLD HOLDINGS Ltd
$RACE Ferrari N.V. Wise PLC - Spons ADR
$AEM AGNICO EAGLE MINES LTD
$NTR Nutrien Ltd.
$WEC WEC ENERGY GROUP, INC. iShares MSCI USA Quality Facto
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