Madison Asset Management, LLC
Comparing Q4 2025 vs Q3 2025
Sorting applies to all holdings for this quarter on the server, then the page is sliced. Prior-quarter values come from the full prior-quarter filing.
Issuer ▲▼ | Shares | Value ($K) | ||||
|---|---|---|---|---|---|---|
Q3 2025 ▲▼ | Q4 2025 ▲▼ | Change ▲▼ | Q3 2025 ▲▼ | Q4 2025 ▲▼ | Change ▲▼ | |
| MSA Safety Inc | 0 | 568,244 | +568,244 | 0 | 90,998,633 | +90,998,633 |
| A O Smith Corp | 0 | 1,209,405 | +1,209,405 | 0 | 80,884,989 | +80,884,989 |
| ServiceTitan Inc | 0 | 638,075 | +638,075 | 0 | 67,955,003 | +67,955,003 |
| Alphabet Inc | 840,616 | 769,985 | -70,631 | 204,732,021 | 241,621,170 | +36,889,149 |
| SPDR S&P MidCap 400 ETF Trust | 24,058 | 83,341 | +59,283 | 14,339,486 | 50,278,248 | +35,938,762 |
| Honeywell International Inc | 156,974 | 350,974 | +194,000 | 33,043,027 | 68,471,568 | +35,428,541 |
| Ross Stores Inc | 1,593,021 | 1,507,387 | -85,634 | 242,760,546 | 271,540,765 | +28,780,219 |
| Bio-Techne Corp | 744,651 | 1,181,308 | +436,657 | 41,424,935 | 69,472,749 | +28,047,814 |
| MKS Inc | 976,091 | 921,450 | -54,641 | 120,810,801 | 147,247,760 | +26,436,959 |
| Eli Lilly & Co | 58,856 | 60,914 | +2,058 | 44,907,128 | 65,463,058 | +20,555,930 |
| Workday Inc | 0 | 93,120 | +93,120 | 0 | 20,000,243 | +20,000,243 |
| Waters Corp | 307,693 | 293,164 | -14,529 | 92,249,348 | 111,352,638 | +19,103,290 |
| QUALCOMM Inc | 109,266 | 202,944 | +93,678 | 18,177,492 | 34,713,571 | +16,536,079 |
| Danaher Corp | 553,187 | 545,044 | -8,143 | 109,674,943 | 124,771,540 | +15,096,597 |
| VictoryShares Free Cash Flow E | 100,307 | 437,966 | +337,659 | 3,761,513 | 17,247,101 | +13,485,588 |
| VanEck J. P. Morgan EM Local C | 0 | 511,961 | +511,961 | 0 | 13,218,833 | +13,218,833 |
| salesforce.com Inc | 0 | 46,599 | +46,599 | 0 | 12,344,541 | +12,344,541 |
| Schneider Electric SE - Unspon | 0 | 212,988 | +212,988 | 0 | 11,700,389 | +11,700,389 |
| Expeditors International of Wa | 547,050 | 525,834 | -21,216 | 67,062,845 | 78,354,593 | +11,291,748 |
| Exxon Mobil Corp | 138,841 | 222,970 | +84,129 | 15,654,323 | 26,832,210 | +11,177,887 |
| iShares Core S&P Small-Cap ETF | 160,260 | 249,350 | +89,090 | 19,043,696 | 29,966,883 | +10,923,187 |
| PACCAR Inc | 2,461,080 | 2,282,440 | -178,640 | 241,973,360 | 249,949,983 | +7,976,623 |
| Microsoft Corp | 169,700 | 196,935 | +27,235 | 87,896,182 | 95,241,768 | +7,345,586 |
| Honeywell International Inc(Call) | 0 | 35,100 | +35,100 | 0 | 6,847,659 | +6,847,659 |
| Analog Devices Inc | 378,575 | 367,468 | -11,107 | 93,015,938 | 99,657,210 | +6,641,272 |
| GMO US Quality ETF | 20,787 | 183,547 | +162,760 | 752,282 | 7,059,218 | +6,306,936 |
| Keysight Technologies Inc | 571,222 | 519,312 | -51,910 | 99,918,198 | 105,518,906 | +5,600,708 |
| Chevron Corp | 120,842 | 159,868 | +39,026 | 18,765,554 | 24,365,482 | +5,599,928 |
| Medpace Holdings Inc | 292,629 | 277,757 | -14,872 | 150,457,875 | 156,002,444 | +5,544,569 |
| McDonald's Corp | 24,593 | 41,366 | +16,773 | 7,473,567 | 12,642,691 | +5,169,124 |
| ASML Holding NV - Spons NY Reg | 12,955 | 15,672 | +2,717 | 12,541,606 | 16,766,846 | +4,225,240 |
| Parker-Hannifin Corp | 109,245 | 98,952 | -10,293 | 82,824,078 | 86,974,494 | +4,150,416 |
| Vanguard FTSE All-World ex-US | 462,706 | 497,130 | +34,424 | 33,023,357 | 36,568,914 | +3,545,557 |
| NextEra Energy Inc | 683,751 | 686,878 | +3,127 | 51,616,363 | 55,142,566 | +3,526,203 |
| Apple Inc | 195,295 | 195,520 | +225 | 49,727,842 | 53,153,935 | +3,426,093 |
| Prologis Inc | 0 | 25,655 | +25,655 | 0 | 3,275,117 | +3,275,117 |
| Transocean Ltd | 3,030,000 | 3,030,000 | 0 | 9,453,600 | 12,513,900 | +3,060,300 |
| Viavi Solutions Inc | 0 | 169,009 | +169,009 | 0 | 3,011,740 | +3,011,740 |
| Adobe Inc | 26,608 | 34,887 | +8,279 | 9,385,972 | 12,210,101 | +2,824,129 |
| JPMorgan Chase & Co | 132,583 | 137,868 | +5,285 | 41,820,656 | 44,423,827 | +2,603,171 |
| Medtronic PLC | 169,689 | 195,216 | +25,527 | 16,161,180 | 18,752,449 | +2,591,269 |
| Procter & Gamble Co | 60,659 | 82,997 | +22,338 | 9,320,255 | 11,894,300 | +2,574,045 |
| U.S. Bancorp | 166,584 | 198,996 | +32,412 | 8,050,994 | 10,618,424 | +2,567,430 |
| Fastenal Co | 248,234 | 363,279 | +115,045 | 12,173,395 | 14,578,386 | +2,404,991 |
| Gitlab Inc | 0 | 60,354 | +60,354 | 0 | 2,265,086 | +2,265,086 |
| iShares Russell Mid-Cap ETF | 6,304 | 25,602 | +19,298 | 608,625 | 2,464,680 | +1,856,055 |
| Vericel Corp | 0 | 50,518 | +50,518 | 0 | 1,819,153 | +1,819,153 |
| Sony Financial Group Inc - Uns | 0 | 333,536 | +333,536 | 0 | 1,744,393 | +1,744,393 |
| CME Group Inc | 105,373 | 110,567 | +5,194 | 28,470,731 | 30,193,636 | +1,722,905 |
| AAON Inc | 0 | 21,363 | +21,363 | 0 | 1,628,929 | +1,628,929 |
| iShares Core S&P Mid-Cap ETF | 276,110 | 297,331 | +21,221 | 18,018,939 | 19,623,846 | +1,604,907 |
| Freeport-McMoRan Inc | 142,941 | 140,719 | -2,222 | 5,606,146 | 7,147,118 | +1,540,972 |
| State Street Corp | 0 | 10,684 | +10,684 | 0 | 1,378,343 | +1,378,343 |
| SLB Ltd | 0 | 34,649 | +34,649 | 0 | 1,329,829 | +1,329,829 |
| Mirion Technologies Inc | 0 | 56,644 | +56,644 | 0 | 1,326,602 | +1,326,602 |
| Tokyo Electron Ltd - Unspons A | 0 | 11,885 | +11,885 | 0 | 1,320,424 | +1,320,424 |
| AES Corp/VA | 1,094,000 | 1,094,000 | 0 | 14,397,040 | 15,687,960 | +1,290,920 |
| Charles River Laboratories Int | 12,366 | 15,622 | +3,256 | 1,934,784 | 3,116,277 | +1,181,493 |
| Regeneron Pharmaceuticals Inc | 6,111 | 5,969 | -142 | 3,436,032 | 4,607,292 | +1,171,260 |
| Revolve Group Inc | 129,200 | 129,686 | +486 | 2,751,960 | 3,915,220 | +1,163,260 |
| Amgen Inc | 7,375 | 9,797 | +2,422 | 2,081,225 | 3,206,656 | +1,125,431 |
| Vertex Pharmaceuticals Inc | 16,201 | 16,435 | +234 | 6,344,960 | 7,450,972 | +1,106,012 |
| Coca-Cola Co | 9,825 | 24,388 | +14,563 | 651,594 | 1,704,965 | +1,053,371 |
| Hexcel Corp | 22,483 | 32,944 | +10,461 | 1,409,684 | 2,434,562 | +1,024,878 |
| Abbott Laboratories | 83,833 | 97,681 | +13,848 | 11,228,592 | 12,238,452 | +1,009,860 |
| Alphabet Inc | 14,835 | 14,511 | -324 | 3,606,389 | 4,541,943 | +935,554 |
| iShares Core U.S. Aggregate Bo | 237,926 | 247,990 | +10,064 | 23,852,075 | 24,769,234 | +917,159 |
| Amplitude Inc | 0 | 78,000 | +78,000 | 0 | 903,240 | +903,240 |
| Vanguard Large-Cap ETF | 47,968 | 49,754 | +1,786 | 14,767,424 | 15,662,637 | +895,213 |
| VF Corp | 235,396 | 236,287 | +891 | 3,396,764 | 4,272,069 | +875,305 |
| Invesco S&P 500 Equal Weight E | 0 | 4,477 | +4,477 | 0 | 857,614 | +857,614 |
| Texas Capital Bancshares Inc | 55,771 | 60,996 | +5,225 | 4,714,323 | 5,522,578 | +808,255 |
| TE Connectivity PLC | 154,023 | 152,050 | -1,973 | 33,812,669 | 34,592,896 | +780,227 |
| Shake Shack Inc | 42,552 | 58,404 | +15,852 | 3,983,293 | 4,740,653 | +757,360 |
| NU Holdings Ltd | 92,245 | 133,218 | +40,973 | 1,476,842 | 2,230,069 | +753,227 |
| Vanguard FTSE Europe ETF | 269,918 | 266,160 | -3,758 | 21,539,456 | 22,253,638 | +714,182 |
| Option Care Health Inc | 162,647 | 163,684 | +1,037 | 4,515,081 | 5,214,972 | +699,891 |
| Vanguard Mid-Cap ETF | 742 | 3,118 | +2,376 | 218,076 | 904,979 | +686,903 |
| Ecolab Inc | 58,171 | 63,218 | +5,047 | 15,930,710 | 16,595,989 | +665,279 |
| iShares MSCI ACWI ex US ETF | 0 | 9,887 | +9,887 | 0 | 663,714 | +663,714 |
| Prudential Financial Inc | 0 | 5,686 | +5,686 | 0 | 641,836 | +641,836 |
| Amazon.com Inc | 736,150 | 702,961 | -33,189 | 161,636,486 | 162,257,472 | +620,986 |
| iShares MSCI International Qua | 74,040 | 85,068 | +11,028 | 3,271,828 | 3,866,341 | +594,513 |
| Ping An Insurance Group Co of | 232,910 | 222,664 | -10,246 | 3,169,905 | 3,736,302 | +566,397 |
| Vanguard Financials ETF | 62,208 | 65,237 | +3,029 | 8,164,152 | 8,708,460 | +544,308 |
| Lasertec Corp - Unspons ADR | 61,622 | 58,717 | -2,905 | 1,692,140 | 2,229,484 | +537,344 |
| iShares Core MSCI Emerging Mar | 0 | 7,898 | +7,898 | 0 | 530,904 | +530,904 |
| Verizon Communications Inc | 0 | 12,826 | +12,826 | 0 | 522,403 | +522,403 |
| iShares MSCI Emerging Markets | 396,693 | 392,640 | -4,053 | 36,396,537 | 36,915,966 | +519,429 |
| CVS Health Corp | 126,650 | 126,650 | 0 | 9,548,144 | 10,050,944 | +502,800 |
| DELISTED: AstraZeneca PLC - Sp | 42,179 | 40,584 | -1,595 | 3,235,973 | 3,730,887 | +494,914 |
| TCW Flexible Income ETF | 235,967 | 249,639 | +13,672 | 9,391,487 | 9,885,704 | +494,217 |
| Rockwell Automation Inc | 22,537 | 21,477 | -1,060 | 7,877,358 | 8,356,056 | +478,698 |
| Airbnb Inc | 401,679 | 362,323 | -39,356 | 48,771,827 | 49,174,537 | +402,710 |
| JPMorgan International Researc | 310,862 | 310,496 | -366 | 22,860,791 | 23,249,940 | +389,149 |
| Merck & Co Inc | 25,514 | 23,918 | -1,596 | 2,141,390 | 2,517,609 | +376,219 |
| Bank of America Corp | 263,601 | 254,087 | -9,514 | 13,599,176 | 13,974,785 | +375,609 |
| Broadcom Inc | 8,813 | 9,361 | +548 | 2,907,497 | 3,239,842 | +332,345 |
| KION Group AG - Unspons ADR | 143,075 | 136,605 | -6,470 | 2,413,318 | 2,707,511 | +294,193 |
| Standard Chartered PLC - Unspo | 36,496 | 34,846 | -1,650 | 1,435,023 | 1,723,483 | +288,460 |