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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
LBRDK icon
51
Liberty Broadband Class C
LBRDK
$5.15B
$57.4M 0.66%
1,181,920
-146,262
-11% -$7.61M
DSTL icon
52
Distillate US Fundamental Stability & Value ETF
DSTL
$2.04B
$55.6M 0.64%
943,332
-146,805
-13% -$8.53M
NEE icon
53
NextEra Energy
NEE
$177B
$55.1M 0.63%
686,878
+3,127
+0.5% +$259K
MRSH
54
Marsh
MRSH
$91.5B
$53.9M 0.62%
290,337
-29,400
-9% -$5.5M
KNSL icon
55
Kinsale Capital Group
KNSL
$8.51B
$53.7M 0.62%
137,362
-18,762
-12% -$7.65M
MAGG icon
56
Madison Aggregate Bond ETF
MAGG
$65.4M
$53.5M 0.61%
2,606,897
-55,006
-2% -$1.13M
DIVL icon
57
Madison Dividend Value ETF
DIVL
$63.5M
$53.4M 0.61%
2,328,892
-39,336
-2% -$899K
AAPL icon
58
Apple
AAPL
$4.57T
$53.2M 0.61%
195,520
+225
+0.1% +$60.4K
MDY icon
59
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$27.3B
$50.3M 0.58%
83,341
+59,283
+246% +$35.5M
ABNB icon
60
Airbnb
ABNB
$107B
$49.2M 0.57%
362,323
-39,356
-10% -$4.9M
DE icon
61
Deere & Co
DE
$168B
$45.7M 0.53%
98,137
-5,523
-5% -$2.59M
CFR icon
62
Cullen/Frost Bankers
CFR
$10.2B
$45.2M 0.52%
356,874
-20,352
-5% -$2.55M
JPM icon
63
JPMorgan Chase
JPM
$950B
$44.4M 0.51%
137,868
+5,285
+4% +$1.64M
VGT icon
64
Vanguard Information Technology ETF
VGT
$149B
$43.8M 0.5%
464,968
-13,640
-3% -$1.3M
SPY icon
65
State Street SPDR S&P 500 ETF Trust
SPY
$823B
$43.7M 0.5%
64,038
-2,458
-4% -$1.66M
GBCI icon
66
Glacier Bancorp
GBCI
$6.35B
$43.5M 0.5%
987,362
-57,083
-5% -$2.5M
FWONA icon
67
Liberty Media Series A
FWONA
$23.6B
$40.7M 0.47%
454,863
– –
GGG icon
68
Graco
GGG
$13.5B
$38.8M 0.45%
473,849
-25,392
-5% -$2.09M
EEMA icon
69
iShares MSCI Emerging Markets Asia ETF
EEMA
$860M
$36.9M 0.42%
392,640
-4,053
-1% -$379K
VEU icon
70
Vanguard FTSE All-World ex-US ETF
VEU
$68.5B
$36.6M 0.42%
497,130
+34,424
+7% +$2.5M
BLK icon
71
Blackrock
BLK
$176B
$36.1M 0.41%
33,693
-136
-0.4% -$149K
CVRD icon
72
Madison Covered Call ETF
CVRD
$31.3M
$34.7M 0.4%
1,885,000
-320,000
-15% -$5.95M
QCOM icon
73
Qualcomm
QCOM
$176B
$34.7M 0.4%
202,944
+93,678
+86% +$16.1M
TEL icon
74
TE Connectivity
TEL
$62.6B
$34.6M 0.4%
152,050
-1,973
-1% -$456K
JNJ icon
75
Johnson & Johnson
JNJ
$625B
$32.5M 0.37%
157,184
-46,286
-23% -$9.15M
1 2
3
4 5

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FIA
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CCM
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WA
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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.