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Portfolio (Quarterly) Guide ↗

Madison Asset Management, LLC

· CIK 0001299351
13F Portfolio $9.1B AUM Filed Nov 6, 2025 EDGAR ↗ ← All Funds
Q4 2025 Q3 2025 · All 336 New
Page 6 of 17  ·  336 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
101 EZU iShares MSCI Eurozone ETF 264,809.0 $16.4M 0.18% NEW $61.94 +6.5%
102 IEF iShares 7-10 Year Treasury Bon 169,739.0 $16.4M 0.18% NEW $96.46 -3.1%
103 HSY Hershey Co/The Consumer Defensive 87,066.0 $16.3M 0.18% NEW $187.05 +1.7%
104 MDT Medtronic PLC Healthcare 169,689.0 $16.2M 0.18% NEW $95.24 -19.2%
105 Berkshire Hathaway Inc 31,891.0 $16.0M 0.18% NEW $502.73
106 ECL Ecolab Inc Basic Materials 58,171.0 $15.9M 0.18% NEW $273.86 -9.1%
107 UNP Union Pacific Corp Industrials 66,361.0 $15.7M 0.17% NEW $236.37 +13.9%
108 XOM Exxon Mobil Corp Energy 138,841.0 $15.7M 0.17% NEW $112.75 +35.5%
109 CMCSA Comcast Corp Communication Services 497,237.0 $15.6M 0.17% NEW $31.42 -21.2%
110 ABBV AbbVie Inc Healthcare 67,401.0 $15.6M 0.17% NEW $231.54 -9.1%
111 LVS Las Vegas Sands Corp Consumer Cyclical 274,900.0 $14.8M 0.16% NEW $53.79 -5.8%
112 VV Vanguard Large-Cap ETF 47,968.0 $14.8M 0.16% NEW $307.86 +10.4%
113 AES AES Corp/VA Utilities 1,094,000.0 $14.4M 0.16% NEW $13.16 +10.0%
114 MDY SPDR S&P MidCap 400 ETF Trust Financial Services 24,058.0 $14.3M 0.16% NEW $596.04 +10.6%
115 BAC Bank of America Corp Financial Services 263,601.0 $13.6M 0.15% NEW $51.59 -3.5%
116 SPTI SPDR Portfolio Intermediate Te 451,307.0 $13.0M 0.14% NEW $28.90 -2.4%
117 ASML ASML Holding NV - Spons NY Reg Technology 12,955.0 $12.5M 0.14% NEW $968.09 +55.1%
118 EOG EOG Resources Inc Energy 110,540.0 $12.4M 0.14% NEW $112.12 +21.3%
119 FAST Fastenal Co Industrials 248,234.0 $12.2M 0.13% NEW $49.04 -10.3%
120 UNH UnitedHealth Group Inc Healthcare 33,433.0 $11.5M 0.13% NEW $345.30 +15.6%
Page 6 of 17  ·  336 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Technology 25.2%
Financial Services 22.8%
Industrials 16.0%
Consumer Cyclical 15.7%
Healthcare 11.1%
Communication Services 4.2%
Consumer Defensive 1.5%
Energy 1.3%
Utilities 0.9%
Basic Materials 0.9%