Madison Asset Management, LLC

Q4 2025 13F-HR Holdings

Location
Madison, WI
Holdings as of
12/31/2025
Date filed
2/4/2026
Form type
13F-HR
Num holdings
342
Total value ($000)
$8,696,712
Net value change ($000)
-370,873 (-4.1%)
New positions
26
Sold out positions
21
Turnover %
5.2%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/6/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 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)
MSA 90,999 NEW
AOS 80,885 NEW
TTAN 67,955 NEW
GOOGL 36,889 18.0%
MDY 35,939 250.6%
HON 35,429 107.2%
ROST 28,780 11.9%
TECH 28,048 67.7%
MKSI 26,437 21.9%
LLY 20,556 45.8%
Top Reduces (Value $000, Stocks/ETFs)
APH -121,083 -40.1%
TREX -97,815 -100.0%
MCHP -91,635 -89.8%
FISV -63,631 -92.3%
CDW -49,235 -23.8%
CPRT -43,408 -21.4%
FND -35,292 -29.1%
NKE -31,469 -70.4%
BRO -30,029 -15.9%
LH -27,708 -17.4%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 6,848 (0.1% of total reported value)
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