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MAM

Madison Asset Management Portfolio holdings

AUM $8.06B
1-Year Est. Return 11.81%
This Fund
S&P 500
This Quarter Est. Return
+2.44%
1 Year Est. Return
+11.81%
3 Year Est. Return
+47.59%
5 Year Est. Return
+65.64%
10 Year Est. Return
–
AUM
$8.7B
AUM Growth
-$371M
Cap. Flow
-$456M
Cap. Flow %
-5.24%
Top 10 Hldgs %
24.92%
Holding
363
New
27
Increased
91
Reduced
186
Closed
21

Top Buys

Rank Stock Value
1
MSA icon
Mine Safety
MSA
+$92.5M
2
AOS icon
A.O. Smith
AOS
+$81.7M
3
TTAN
ServiceTitan Inc
TTAN
+$62.3M
4
HON icon
Honeywell
HON
+$36.1M
5
MDY icon
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
+$35.5M

Top Sells

Rank Stock Value
1
APH icon
Amphenol
APH
+$147M
2
TREX icon
Trex
TREX
+$97.8M
3
MCHP icon
Microchip Technology
MCHP
+$87.9M
4
FISV
Fiserv Inc
FISV
+$38.1M
5
ACGL icon
Arch Capital
ACGL
+$34.4M

Sector Composition

Rank Sector Weight
1 Technology 19.73%
2 Financials 19.31%
3 Industrials 14.53%
4 Consumer Discretionary 12.92%
5 Healthcare 10.67%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TGT icon
301
Target
TGT
$68B
$305K ﹤0.01%
3,117
-278
-8% -$25.6K
JUST icon
302
Goldman Sachs JUST US Large Cap Equity ETF
JUST
$579M
$282K ﹤0.01%
+2,916
New +$278K
NUE icon
303
Nucor
NUE
$62.1B
$281K ﹤0.01%
1,723
-39
-2% -$5.86K
IBIT icon
304
iShares Bitcoin Trust
IBIT
$47.8B
$267K ﹤0.01%
5,375
+1,700
+46% +$96.6K
BX icon
305
Blackstone
BX
$110B
$265K ﹤0.01%
1,721
– –
J icon
306
Jacobs Solutions
J
$17B
$250K ﹤0.01%
1,885
-1
-0.1% -$147
MGEE icon
307
MGE Energy Inc
MGEE
$3.08B
$246K ﹤0.01%
3,138
– –
QQQ icon
308
Invesco QQQ Trust
QQQ
$484B
$246K ﹤0.01%
400
+2
+0.5% +$1.23K
CSX icon
309
CSX Corp
CSX
$93.1B
$224K ﹤0.01%
6,188
-700
-10% -$25K
PM icon
310
Philip Morris
PM
$295B
$223K ﹤0.01%
1,393
– –
BMO icon
311
Bank of Montreal
BMO
$127B
$221K ﹤0.01%
1,702
– –
RTX icon
312
RTX Corp
RTX
$301B
$209K ﹤0.01%
1,139
-315
-22% -$54.7K
AWI icon
313
Armstrong World Industries
AWI
$7.84B
$209K ﹤0.01%
1,091
-86
-7% -$16.4K
AXP icon
314
American Express
AXP
$230B
$206K ﹤0.01%
+556
New +$199K
BMY icon
315
Bristol-Myers Squibb
BMY
$132B
$200K ﹤0.01%
+3,712
New +$179K
BA icon
316
Boeing
BA
$185B
– –
-2,350
Closed -$507K
BSX icon
317
Boston Scientific
BSX
$71.5B
– –
-2,464
Closed -$241K
CCOI icon
318
Cogent Communications
CCOI
$508M
– –
-83,719
Closed -$3.21M
CFLT
319
DELISTED
Confluent
CFLT
– –
-218,345
Closed -$4.32M
CIEN icon
320
Ciena
CIEN
$58.4B
– –
-29,216
Closed -$4.26M
CYBR
321
DELISTED
CyberArk
CYBR
– –
-3,255
Closed -$1.57M
DGX icon
322
Quest Diagnostics
DGX
$26.3B
– –
-7,562
Closed -$1.44M
JAAA icon
323
Janus Henderson AAA CLO ETF
JAAA
$29.2B
– –
-28,845
Closed -$1.46M
MO icon
324
Altria Group
MO
$114B
– –
-3,230
Closed -$213K
MOS icon
325
The Mosaic Company
MOS
$7.33B
– –
-40,574
Closed -$1.41M
10 11 12
13
14

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FIA
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CCM
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WA
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EGM
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CCM
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CMTU
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Madison Asset Management's Q4 2025 Portfolio in Review

As of Q4 2025, Madison Asset Management held 363 positions worth $8.7B, down 4.1% from $9.07B the previous quarter. Its ten largest holdings account for 25% of the portfolio.

Madison Asset Management withdrew a net $456M in Q4 2025, closing 21 positions and reducing 186 holdings. Its most notable exit was Trex, an estimated $97.8M position sold in full.

By sector, the portfolio is most concentrated in Technology at 20% of assets, down from 22% a quarter earlier, followed by Financials and Industrials.

Against the trend, Madison Asset Management opened a new position in Mine Safety worth $91M.

  • Madison Asset Management's largest Q4 2025 buy was Mine Safety: 568,244 shares worth $91M.
  • Madison Asset Management added most to Honeywell in Q4 2025, an estimated $36.1M increase.
  • Madison Asset Management's biggest Q4 2025 reduction was Amphenol, cutting an estimated $147M.
  • Madison Asset Management fully exited Trex in Q4 2025, selling an estimated $97.8M.
  • Madison Asset Management's ten largest holdings make up 25% of its $8.7B portfolio in Q4 2025.
  • Madison Asset Management opened 27 new positions and closed 21 in Q4 2025.
  • Madison Asset Management's portfolio value fell 4.1% quarter-over-quarter to $8.7B.

Based on Madison Asset Management's 13F filing for Q4 2025, filed 4 Feb 2026.