Madison Asset Management, LLC

Q3 2025 13F-HR Holdings

Location
Madison, WI
Holdings as of
9/30/2025
Date filed
11/6/2025
Form type
13F-HR
Num holdings
336
Total value ($000)
$9,067,585
Net value change ($000)
-191,968 (-2.1%)
New positions
18
Sold out positions
20
Turnover %
2.1%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/11/2025 Next filing: 2/4/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 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)
APH 57,550 23.5%
MEDP 57,227 61.4%
TECH 41,425 NEW
MSCI 40,100 NEW
GOOGL 37,427 22.4%
ROST 31,095 14.7%
JIRE 22,861 NEW
ITW 18,668 439.7%
THO 15,407 15.6%
TDY 15,112 13.1%
Top Reduces (Value $000, Stocks/ETFs)
IT -95,926 -33.8%
LBRDA -89,556 -51.5%
ELV -50,395 -90.4%
ALC -49,714 -64.9%
BRO -38,026 -16.8%
FISV -33,672 -32.8%
CDW -30,091 -12.7%
CSL -25,408 -13.2%
TXN -25,288 -16.0%
MKSI -24,620 -16.9%
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