Fund Holdings

Madison Asset Management, LLC

Filing Period:
Securities
SharesValue ($K)
Q2 2025
Q3 2025
Change
Q2 2025
Q3 2025
Weight (%)
Change
Amphenol Corp2,478,3192,442,702-35,617244,734,047302,284,3353.33%+57,550,288
Medpace Holdings Inc(MEDP)297,048292,629-4,41993,231,432150,457,8751.66%+57,226,443
Bio-Techne Corp(TECH)0744,651+744,651041,424,9350.46%+41,424,935
MSCI Inc(MSCI)070,672+70,672040,099,8120.44%+40,099,812
Alphabet Inc(GOOG)943,146840,616-102,530167,304,644204,732,0212.26%+37,427,377
Ross Stores Inc(ROST)1,659,0871,593,021-66,066211,666,299242,760,5462.68%+31,094,247
JPMorgan International Researc0310,862+310,862022,860,7910.25%+22,860,791
Illinois Tool Works Inc(ITW)17,17187,875+70,7044,245,53022,914,2850.25%+18,668,755
Thor Industries Inc(THO)1,113,3781,102,188-11,19098,879,103114,285,8641.26%+15,406,761
Teledyne Technologies Inc(TDY)225,111222,575-2,536115,326,406130,437,7711.44%+15,111,365
NIKE Inc(NKE)416,597640,623+224,02629,595,02044,670,6450.49%+15,075,625
Airbnb Inc259,096401,679+142,58334,288,70548,771,8270.54%+14,483,122
SPDR S&P 500 ETF Trust(SPY)48,90966,496+17,58730,218,43844,298,2920.49%+14,079,854
Keysight Technologies Inc(KEYS)531,069571,222+40,15387,021,03299,918,1981.10%+12,897,166
Microsoft Corp(MSFT)152,923169,700+16,77776,065,49487,896,1820.97%+11,830,688
Apple Inc(AAPL)185,412195,295+9,88338,040,88049,727,8420.55%+11,686,962
Moelis & Co(MC)1,295,2841,284,261-11,02380,722,09491,593,5071.01%+10,871,413
Labcorp Holdings Inc(LH)570,807556,122-14,685149,842,663159,640,4371.76%+9,797,774
Johnson & Johnson(JNJ)186,461203,470+17,00928,481,91837,727,4070.42%+9,245,489
TJX Cos Inc(TJX)495,974479,739-16,23561,247,80669,341,5360.76%+8,093,730
Vanguard FTSE All-World ex-US375,448462,706+87,25825,237,58833,023,3570.36%+7,785,769
TCW Flexible Income ETF54,184235,967+181,7832,137,5599,391,4870.10%+7,253,928
CME Group Inc(CME)76,980105,373+28,39321,217,22828,470,7310.31%+7,253,503
TE Connectivity PLC(TEL)157,639154,023-3,61626,588,97033,812,6690.37%+7,223,699
Oracle Corp(ORCL)189,697171,356-18,34141,473,45548,192,1610.53%+6,718,706
Lowe's Cos Inc(LOW)431,683407,815-23,86895,777,430102,488,1121.13%+6,710,682
Invesco S&P 500 Quality ETF1,407,1881,448,969+41,781100,276,223106,194,9441.17%+5,918,721
Vanguard Information Technolog58,84659,826+98039,031,50844,668,0360.49%+5,636,528
iShares MSCI Emerging Markets373,592396,693+23,10130,839,97836,396,5370.40%+5,556,559
Glacier Bancorp Inc(GBCI)1,055,4151,044,445-10,97045,467,28450,833,1370.56%+5,365,853
Weyerhaeuser Co(WY)0207,000+207,00005,131,5300.06%+5,131,530
Agilent Technologies Inc(A)667,908653,819-14,08978,819,79083,917,7260.93%+5,097,936
SPDR S&P Bank ETF361,338420,694+59,35620,148,20724,997,6370.28%+4,849,430
Brookfield Corp(BN)1,169,0571,120,935-48,12272,306,16976,873,7470.85%+4,567,578
Equifax Inc(EFX)49,00966,179+17,17012,711,46416,976,8990.19%+4,265,435
WR Berkley Corp1,853,8721,831,084-22,788136,203,985140,297,6491.55%+4,093,664
PepsiCo Inc(PEP)157,263176,072+18,80920,765,00724,727,5520.27%+3,962,545
NextEra Energy Inc(NEE)688,473683,751-4,72247,793,79651,616,3630.57%+3,822,567
Expeditors International of Wa(EXPD)553,722547,050-6,67263,262,77267,062,8450.74%+3,800,073
UnitedHealth Group Inc(UNH)25,30933,433+8,1247,895,64911,544,4150.13%+3,648,766
State Street SPDR Portfolio S&63,90097,674+33,7744,644,8917,651,7810.08%+3,006,890
Home Depot Inc(HD)97,54995,607-1,94235,765,36538,739,0000.43%+2,973,635
AES Corp/VA(AES)1,093,0001,094,000+1,00011,498,36014,397,0400.16%+2,898,680
PACCAR Inc(PCAR)2,517,1492,461,080-56,069239,280,173241,973,3602.67%+2,693,187
Brandes International ETF069,155+69,15502,656,9350.03%+2,656,935
Vanguard Growth ETF8,45113,189+4,7383,704,9186,325,5760.07%+2,620,658
AbbVie Inc(ABBV)70,19267,401-2,79113,029,03915,606,0280.17%+2,576,989
Sezzle Inc(SEZL)031,534+31,53402,507,8990.03%+2,507,899
QUALCOMM Inc(QCOM)99,105109,266+10,16115,783,46218,177,4920.20%+2,394,030
Cummins Inc(CMI)16,56218,233+1,6715,424,0557,701,0720.08%+2,277,017
Brookfield Asset Management Lt(BAM)1,926,7841,908,051-18,733106,512,646108,644,4281.20%+2,131,782
APA Corp(APA)338,700338,70006,194,8238,223,6360.09%+2,028,813
Eagle Materials Inc(EXP)08,478+8,47801,975,7130.02%+1,975,713
Charles River Laboratories Int(CRL)012,366+12,36601,934,7840.02%+1,934,784
Alibaba Group Holding Ltd - Sp(BABA)29,23328,558-6753,315,3155,104,1710.06%+1,788,856
VictoryShares Free Cash Flow E56,236100,307+44,0711,987,9433,761,5130.04%+1,773,570
Transocean Ltd(RIG)2,975,0003,030,000+55,0007,705,2509,453,6000.10%+1,748,350
Freeport-McMoRan Inc(FCX)89,243142,941+53,6983,868,6845,606,1460.06%+1,737,462
SPDR Portfolio Intermediate Te395,287451,307+56,02011,372,40713,042,7710.14%+1,670,364
Archer-Daniels-Midland Co162,900170,500+7,6008,597,86210,185,6700.11%+1,587,808
Hershey Co/The(HSY)88,66087,066-1,59414,713,12716,285,6950.18%+1,572,568
Sysco Corp(SYY)018,529+18,52901,525,6780.02%+1,525,678
Eli Lilly & Co(LLY)55,68858,856+3,16843,410,46744,907,1280.50%+1,496,661
NU Holdings Ltd(NU)092,245+92,24501,476,8420.02%+1,476,842
Vanguard Financials ETF52,62562,208+9,5836,699,1378,164,1520.09%+1,465,015
Yum China Holdings Inc(YUMC)033,534+33,53401,439,2790.02%+1,439,279
Standard Chartered PLC - Unspo036,496+36,49601,435,0230.02%+1,435,023
Distillate US Fundamental Stab1,115,9631,090,137-25,82661,768,55263,184,3480.70%+1,415,796
Hexcel Corp(HXL)022,483+22,48301,409,6840.02%+1,409,684
Caterpillar Inc(CAT)20,00819,217-7917,767,3069,169,3920.10%+1,402,086
Nice Ltd - Spons ADR(NICE)09,540+9,54001,381,2010.02%+1,381,201
Duluth Holdings Inc762,777762,77701,601,8322,982,4580.03%+1,380,626
Pfizer Inc(PFE)201,486242,132+40,6464,884,0216,169,5230.07%+1,285,502
Constellation Brands Inc(STZ)40,90058,900+18,0006,653,6127,932,0630.09%+1,278,451
Asbury Automotive Group Inc378,519374,577-3,94290,291,92791,565,4261.01%+1,273,499
Knowles Corp(KN)218,213218,377+1643,844,9135,090,3680.06%+1,245,455
Entegris Inc(ENTG)56,08662,353+6,2674,523,3365,765,1580.06%+1,241,822
Bank of America Corp262,808263,601+79312,436,07513,599,1760.15%+1,163,101
iShares Aaa - A Rated Corporat170,455191,538+21,0838,154,5679,283,8470.10%+1,129,280
iShares Russell 2000 ETF1,2115,686+4,475261,3221,375,7850.02%+1,114,463
iShares 5-10 Year Investment G294,042309,483+15,44115,669,49816,739,9090.18%+1,070,411
Vanguard Short-Term Corporate120,148131,045+10,8979,551,75810,474,3970.12%+922,639
Ciena Corp(CIEN)41,54329,216-12,3273,378,6924,255,8950.05%+877,203
CTS Corp(CTS)47,78272,341+24,5592,035,9912,889,3000.03%+853,309
Taiwan Semiconductor Manufactu(TSM)18,18017,794-3864,117,5884,969,6860.05%+852,098
Alphabet Inc(GOOG)15,65314,835-8182,758,5283,606,3890.04%+847,861
CVS Health Corp(CVS)126,650126,65008,736,3179,548,1440.11%+811,827
NVIDIA Corp(NVDA)24,36424,36403,849,2684,545,8350.05%+696,567
Linde PLC(LIN)42,76943,601+83220,066,35920,710,4750.23%+644,116
Vanguard Large-Cap ETF49,51447,968-1,54614,126,40914,767,4240.16%+641,015
Tencent Holdings Ltd - Unspons34,19133,412-7792,205,3202,845,0320.03%+639,712
VF Corp(VFC)235,218235,396+1782,763,8123,396,7640.04%+632,952
Aflac Inc(AFL)4,0849,516+5,432430,6991,062,9370.01%+632,238
Chevron Corp(CVX)126,708120,842-5,86618,143,31918,765,5540.21%+622,235
Vanguard FTSE Europe ETF269,918269,918020,918,64521,539,4560.24%+620,811
Distillate Small/Mid Cash Flow60,09671,111+11,0151,954,3222,551,4060.03%+597,084
Crane NXT Co(CXT)44,96644,999+332,423,6673,018,0830.03%+594,416
VICI Properties Inc(VICI)18,44736,430+17,983601,3721,187,9820.01%+586,610
Genmab A/S - Spons ADR(GMAB)62,93061,492-1,4381,300,1341,885,9600.02%+585,826
Hayward Holdings Inc(HAYW)420,901421,221+3205,808,4346,368,8620.07%+560,428
Page 1 of 4