Mader & Shannon Wealth Management, Inc.
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 3, 2025), Mader & Shannon Wealth Management, Inc. reported 21 stock positions worth $161.7 million. Its top holding was SPDR Gold Shares (GLD) at 15.7% of the portfolio, followed by iShares Gold Trust (IAU, 15.7%) and iShares 0-3 Month Treasury B (SGOV, 12.9%). Compared with Q3 2024, it opened 8 new positions, sold out of 2, added to 2 and reduced 11. The biggest buy was a new position in iShares 0-5 YR HY Corp. Bond (SHYG) and the biggest sale an exit from iShares 10+ Year Inv GR (IGLB).
- Most Recent 13F
- Q2 2026
- Location
- KANSAS CITY, MO
- CIK
- 0001535862
- Portfolio Value
- $161.7M (Q4 2024)
- SEC Filing
- 0001535862-25-000001 ↗ filed Feb 3, 2025
Holdings Value
Holdings 21 stocks · $161.7M
| GLD SPDR Gold Shares | 15.75% | 105,199 | $25.5M | Reduce -2.9% |
| IAU iShares Gold Trust | 15.65% | 511,310 | $25.3M | Reduce -3.1% |
| SGOV iShares 0-3 Month Treasury B | 12.91% | 208,170 | $20.9M | Reduce -14.1% |
| SHV iShares 0-1 Year Treasury Bo | 9.96% | 146,266 | $16.1M | Reduce -22.5% |
| SHYG iShares 0-5 YR HY Corp. Bond | 8.84% | 335,545 | $14.3M | New |
| GDX Vaneck Gold Miners ETF | 4.78% | 227,744 | $7.7M | Reduce -3.2% |
| TMO Thermo Fisher Scientific Inc. | 4.25% | 13,223 | $6.9M | Reduce -0.4% |
| UNH Unitedhealth Group Inc. | 4.09% | 13,070 | $6.6M | Reduce -3.1% |
| KNX Knight-Swift Transportation | 4.02% | 122,691 | $6.5M | Reduce -2.8% |
| MLM Martin Marietta Materials | 3.57% | 11,182 | $5.8M | Reduce -2.8% |
| CDW CDW Corp. | 3.44% | 31,974 | $5.6M | Reduce -1.5% |
| AMZN Amazon.com Inc. | 3.10% | 22,832 | $5.0M | New |
| PSX Phillips 66 | 2.13% | 30,229 | $3.4M | New |
| DHI D.R. Horton Inc. | 1.76% | 20,355 | $2.8M | Reduce -3.4% |
| FSLR First Solar Inc. | 1.57% | 14,363 | $2.5M | Add +69.7% |
| MPC Marathon Petroleum Corp. | 1.33% | 15,397 | $2.1M | Add +23.1% |
| DINO HF Sinclair Corp. | 1.14% | 52,469 | $1.8M | New |
| FCX Freeport-McMoran Inc. | 0.67% | 28,465 | $1.1M | New |
| VLO Valero Energy Corp. | 0.46% | 6,110 | $749K | New |
| XLB SS Materials Select Sector | 0.42% | 8,154 | $686K | New |
| WMT Walmart Inc. | 0.16% | 2,885 | $261K | New |
Portfolio Sells Q3 2024 → Q4 2024
| IGLB iShares 10+ Year Inv GR Corp. | Sold out | 0.00% | −5.90 |
| VCLT Vanguard Long-Term Corp. Bond | Sold out | 0.00% | −5.81 |
| SHV iShares 0-1 Year Treasury Bo | Reduce -22.5% | 9.96% | −2.18 |
| SGOV iShares 0-3 Month Treasury B | Reduce -14.1% | 12.91% | −1.28 |
| CDW CDW Corp. | Reduce -1.5% | 3.44% | −0.83 |
| GDX Vaneck Gold Miners ETF | Reduce -3.2% | 4.78% | −0.67 |
| DHI D.R. Horton Inc. | Reduce -3.4% | 1.76% | −0.58 |
| TMO Thermo Fisher Scientific Inc. | Reduce -0.4% | 4.25% | −0.52 |
| UNH Unitedhealth Group Inc. | Reduce -3.1% | 4.09% | −0.50 |
| MLM Martin Marietta Materials | Reduce -2.8% | 3.57% | −0.03 |
| KNX Knight-Swift Transportation | Reduce -2.8% | 4.02% | +0.07 |
| IAU iShares Gold Trust | Reduce -3.1% | 15.65% | +0.40 |
| GLD SPDR Gold Shares | Reduce -2.9% | 15.75% | +0.44 |
Portfolio Buys Q3 2024 → Q4 2024
| SHYG iShares 0-5 YR HY Corp. Bond | New | 8.84% | +8.84 |
| AMZN Amazon.com Inc. | New | 3.10% | +3.10 |
| PSX Phillips 66 | New | 2.13% | +2.13 |
| DINO HF Sinclair Corp. | New | 1.14% | +1.14 |
| FCX Freeport-McMoran Inc. | New | 0.67% | +0.67 |
| VLO Valero Energy Corp. | New | 0.46% | +0.46 |
| XLB SS Materials Select Sector | New | 0.42% | +0.42 |
| FSLR First Solar Inc. | Add +69.7% | 1.57% | +0.34 |
| WMT Walmart Inc. | New | 0.16% | +0.16 |
| MPC Marathon Petroleum Corp. | Add +23.1% | 1.33% | +0.14 |
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 |