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Madison Asset Management Portfolio holdings
AUM
$8.39B
Turnover
10.35%
1-Year Est. Return
16.36%
This Fund
S&P 500
This Quarter
Est. Return
+2.44%
1 Year Est. Return
+16.36%
3 Year Est. Return
+54.23%
5 Year Est. Return
+71.67%
10 Year Est. Return
–
AUM
$8.7B
AUM Growth
-$371M
(-4.1%)
Cap. Flow
-$463M
Cap. Flow
% of AUM
-5.32%
Top 10 Holdings %
Top 10 Hldgs %
24.92%
Holding
363
New
27
Increased
91
Reduced
186
Closed
21
Avg Time Held Equity + Options
3.5
years
Top 10 Avg Time Held Equity + Options
2.3
years
Top 20 Avg Time Held Equity + Options
2.4
years
Avg Time Held Equity only
3.5
years
Top 10 Avg Time Held Equity only
2.3
years
Top 20 Avg Time Held Equity only
2.4
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Mine Safety
MSA
|
+$92.5M |
| 2 |
A.O. Smith
AOS
|
+$81.7M |
| 3 |
ServiceTitan Inc
TTAN
|
+$62.3M |
| 4 |
Honeywell
HON
|
+$36.1M |
| 5 |
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
|
+$35.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amphenol
APH
|
+$147M |
| 2 |
Trex
TREX
|
+$97.8M |
| 3 |
Microchip Technology
MCHP
|
+$87.9M |
| 4 |
Fiserv Inc
FISV
|
+$38.1M |
| 5 |
Arch Capital
ACGL
|
+$34.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.73% |
| 2 | Financials | 19.31% |
| 3 | Industrials | 14.53% |
| 4 | Miscellaneous | 13.31% |
| 5 | Consumer Discretionary | 12.92% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Arch Capital
ACGL
$33.9B
| $416M | 4.78% |
4,332,431
-375,516
| -8% | -$34.4M |
2019 Q4
24 quarters
|
|
2
Ross Stores
ROST
$75.2B
| $272M | 3.12% |
1,507,387
-85,634
| -5% | -$14.3M |
2019 Q4
24 quarters
|
|
3
PACCAR
PCAR
$58.5B
| $250M | 2.87% |
2,282,440
-178,640
| -7% | -$18.3M |
2019 Q4
24 quarters
|
|
4
Alphabet (Google) Class C
GOOG
$4.2T
| $242M | 2.78% |
769,985
-70,631
| -8% | -$20.2M |
2019 Q4
24 quarters
|
|
|
5
Amphenol
APH
$199B
| $181M | 2.08% |
2,681,682
-2,203,722
| -45% | -$147M |
2019 Q4
24 quarters
|
|
6
Gartner
IT
$13.1B
| $170M | 1.96% |
675,398
-40,413
| -6% | -$9.73M |
2019 Q4
24 quarters
|
|
7
Amazon
AMZN
$2.72T
| $162M | 1.87% |
702,961
-33,189
| -5% | -$7.59M |
2019 Q4
24 quarters
|
|
8
Copart
CPRT
$25.6B
| $159M | 1.83% |
4,072,359
-438,237
| -10% | -$18.2M |
2019 Q4
24 quarters
|
|
9
Brown & Brown
BRO
$22.9B
| $158M | 1.82% |
1,987,110
-21,650
| -1% | -$1.81M |
2019 Q4
24 quarters
|
|
10
CDW
CDW
$19B
| $157M | 1.81% |
1,154,334
-141,841
| -11% | -$20.9M |
2019 Q4
24 quarters
|
|
11
Medpace
MEDP
$17.6B
| $156M | 1.79% |
277,757
-14,872
| -5% | -$8.44M |
2024 Q4
4 quarters
|
|
12
Carlisle Companies
CSL
$13.4B
| $152M | 1.75% |
475,632
-33,334
| -7% | -$10.8M |
2019 Q4
24 quarters
|
|
13
MKS Inc
MKSI
$15.2B
| $147M | 1.69% |
921,450
-54,641
| -6% | -$8.11M |
2021 Q4
16 quarters
|
|
14
Labcorp
LH
$26.1B
| $132M | 1.52% |
525,878
-30,244
| -5% | -$8.03M |
2019 Q4
24 quarters
|
|
15
Danaher
DHR
$163B
| $125M | 1.43% |
545,044
-8,143
| -1% | -$1.79M |
2019 Q4
24 quarters
|
|
16
Visa
V
$750B
| $125M | 1.43% |
355,548
-10,709
| -3% | -$3.65M |
2019 Q4
24 quarters
|
|
17
W.R. Berkley
WRB
$27.7B
| $121M | 1.39% |
1,724,598
-106,486
| -6% | -$7.85M |
2019 Q4
24 quarters
|
|
18
Texas Instruments
TXN
$251B
| $118M | 1.35% |
677,878
-47,401
| -7% | -$8.12M |
2019 Q4
24 quarters
|
|
19
Waters Corp
WAT
$43.6B
| $111M | 1.28% |
293,164
-14,529
| -5% | -$5.35M |
2023 Q2
10 quarters
|
|
20
Teledyne Technologies
TDY
$28.4B
| $108M | 1.24% |
210,832
-11,743
| -5% | -$6.19M |
2024 Q2
6 quarters
|
|
21
Thor Industries
THO
$3.58B
| $107M | 1.23% |
1,043,703
-58,485
| -5% | -$6.08M |
2022 Q1
15 quarters
|
|
22
Keysight
KEYS
$57.1B
| $106M | 1.21% |
519,312
-51,910
| -9% | -$9.63M |
2024 Q3
5 quarters
|
|
23
Invesco S&P 500 Quality ETF
SPHQ
$18.8B
| $102M | 1.18% |
1,362,392
-86,577
| -6% | -$6.43M |
2019 Q4
24 quarters
|
|
24
Analog Devices
ADI
$193B
| $99.7M | 1.15% |
367,468
-11,107
| -3% | -$2.79M |
2019 Q4
24 quarters
|
|
25
Microsoft
MSFT
$4.01T
| $95.2M | 1.1% |
196,935
+27,235
| +16% | +$13.6M |
2019 Q4
24 quarters
|
|
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AIM
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 $463M 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.