Mader & Shannon Wealth Management, Inc.
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 12, 2024), Mader & Shannon Wealth Management, Inc. reported 15 stock positions worth $172.0 million. Its top holding was SPDR Gold Shares (GLD) at 15.3% of the portfolio, followed by iShares Gold Trust (IAU, 15.3%) and iShares 0-3 Month Treasury B (SGOV, 14.2%). Compared with Q2 2024, it opened 3 new positions, added to 2 and reduced 10. The biggest buy was a new position in iShares 10+ Year Inv GR (IGLB) and the biggest sale iShares 0-1 Year Treasury Bo (SHV, shares −33%).
- Most Recent 13F
- Q2 2026
- Location
- KANSAS CITY, MO
- CIK
- 0001535862
- Portfolio Value
- $172.0M (Q3 2024)
- SEC Filing
- 0001535862-24-000006 ↗ filed Nov 12, 2024
Holdings Value
Holdings 15 stocks · $172.0M
| GLD SPDR Gold Shares | 15.31% | 108,331 | $26.3M | Reduce -4.0% |
| IAU iShares Gold Trust | 15.26% | 527,949 | $26.2M | Reduce -4.0% |
| SGOV iShares 0-3 Month Treasury B | 14.19% | 242,340 | $24.4M | Reduce -24.5% |
| SHV iShares 0-1 Year Treasury Bo | 12.14% | 188,671 | $20.9M | Reduce -33.2% |
| IGLB iShares 10+ Year Inv GR Corp. | 5.90% | 189,429 | $10.2M | New |
| VCLT Vanguard Long-Term Corp. Bond | 5.81% | 123,082 | $10.0M | Reduce -4.2% |
| GDX Vaneck Gold Miners ETF | 5.45% | 235,277 | $9.4M | Add +0.1% |
| TMO Thermo Fisher Scientific Inc. | 4.78% | 13,281 | $8.2M | Reduce -5.3% |
| UNH Unitedhealth Group Inc. | 4.59% | 13,487 | $7.9M | Reduce -5.3% |
| CDW CDW Corp. | 4.27% | 32,469 | $7.3M | Reduce -5.3% |
| KNX Knight-Swift Transportation | 3.96% | 126,163 | $6.8M | Reduce -6.0% |
| MLM Martin Marietta Materials | 3.60% | 11,500 | $6.2M | Add +57.1% |
| DHI D.R. Horton Inc. | 2.34% | 21,071 | $4.0M | Reduce -11.3% |
| FSLR First Solar Inc. | 1.23% | 8,466 | $2.1M | New |
| MPC Marathon Petroleum Corp. | 1.18% | 12,504 | $2.0M | New |
Portfolio Sells Q2 2024 → Q3 2024
| SHV iShares 0-1 Year Treasury Bo | Reduce -33.2% | 12.14% | −6.61 |
| SGOV iShares 0-3 Month Treasury B | Reduce -24.5% | 14.19% | −5.24 |
| CDW CDW Corp. | Reduce -5.3% | 4.27% | −0.34 |
| KNX Knight-Swift Transportation | Reduce -6.0% | 3.96% | −0.07 |
| VCLT Vanguard Long-Term Corp. Bond | Reduce -4.2% | 5.81% | −0.04 |
| TMO Thermo Fisher Scientific Inc. | Reduce -5.3% | 4.78% | +0.11 |
| UNH Unitedhealth Group Inc. | Reduce -5.3% | 4.59% | +0.23 |
| DHI D.R. Horton Inc. | Reduce -11.3% | 2.34% | +0.33 |
| GLD SPDR Gold Shares | Reduce -4.0% | 15.31% | +0.72 |
| IAU iShares Gold Trust | Reduce -4.0% | 15.26% | +0.73 |
Portfolio Buys Q2 2024 → Q3 2024
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 21 | $214.1M | SGOV, IAU, GLD, SHY, VRP |
| Q1 2026 | 20 | $216.1M | SGOV, IAU, GLD, SHY, VRP |
| Q4 2025 | 23 | $204.0M | IAU, GLD, SHY, VRP, PGX |
| Q3 2025 | 23 | $204.0M | IAU, GLD, SHY, VRP, PGX |
| Q2 2025 | 22 | $183.6M | SHY, GLD, IAU, SGOV, SHV |
| Q1 2025 | 21 | $175.3M | GLD, IAU, SGOV, SHYG, GDX |
| Q4 2024 | 21 | $161.7M | GLD, IAU, SGOV, SHV, SHYG |
| Q3 2024 | 15 | $172.0M | GLD, IAU, SGOV, SHV, IGLB |
| Q2 2024 | 12 | $166.4M | SGOV, SHV, GLD, IAU, VCLT |
| Q1 2024 | 11 | $178.3M | SGOV, SHV, GLD, IAU, CDW |