Madison Asset Management, LLC

Q1 2025 13F-HR Holdings

Location
Madison, WI
Holdings as of
3/31/2025
Date filed
5/6/2025
Form type
13F-HR
Num holdings
349
Total value ($000)
$8,975,398
Net value change ($000)
+109,841 (1.2%)
New positions
34
Sold out positions
20
Turnover %
2.8%
Sector allocation + QoQ delta (equities-only)
Prev filing: 2/10/2025 Next filing: 8/11/2025 SEC filing

Snapshot: Change Analysis

Compared to Q4 2024
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
TREX 109,852 NEW
KNSL 76,235 NEW
BRO 58,352 29.5%
ACGL 55,271 13.5%
ELV 42,156 184.1%
WRB 32,650 33.2%
LBRDA 28,823 23.5%
DHR 28,555 44.5%
CSL 27,195 18.3%
FERG 23,589 45.2%
Top Reduces (Value $000, Stocks/ETFs)
ANET -81,772 -61.2%
USB -79,862 -82.7%
AWI -74,894 -99.5%
GOOGL -52,514 -20.4%
QLTA -25,794 -76.7%
ROST -24,734 -10.7%
AMZN -18,325 -11.3%
THO -14,928 -15.6%
SCHR -14,746 -26.2%
IT -13,023 -5.3%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type