Madison Asset Management, LLC

Q2 2025 13F-HR Holdings

Location
Madison, WI
Holdings as of
6/30/2025
Date filed
8/11/2025
Form type
13F-HR
Num holdings
338
Total value ($000)
$9,259,553
Net value change ($000)
+284,155 (3.2%)
New positions
23
Sold out positions
34
Turnover %
3.5%
Sector allocation + QoQ delta (equities-only)
Prev filing: 5/6/2025 Next filing: 11/6/2025 SEC filing

Snapshot: Change Analysis

Compared to Q1 2025
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)
CDW 102,484 76.4%
MEDP 90,281 3060.4%
APH 77,719 46.5%
ANET 73,261 141.4%
IT 52,315 22.6%
TXN 40,119 33.9%
FND 38,068 44.5%
MCHP 36,681 48.0%
ABNB 34,289 NEW
MKSI 30,965 27.1%
Top Reduces (Value $000, Stocks/ETFs)
DLTR -128,319 -100.0%
BRK-B -109,871 -85.4%
BF-A -64,039 -100.0%
CPRT -37,983 -14.4%
GOOGL -37,955 -18.5%
FISV -37,181 -26.6%
BRO -29,955 -11.7%
ACGL -25,943 -5.6%
IEI -12,601 -74.2%
B -12,237 -100.0%
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