Mader & Shannon Wealth Management, Inc.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 29, 2026), Mader & Shannon Wealth Management, Inc. reported 23 stock positions worth $204.0 million. Its top holding was iShares Gold Trust (IAU) at 14.5% of the portfolio, followed by SPDR Gold Shares (GLD, 14.5%) and iShares 1-3 Year Treasury Bo (SHY, 13.6%). Compared with Q3 2025, it reduced 1. The biggest sale was SS Materials Select Sector (XLB, shares −50%).
- Most Recent 13F
- Q2 2026
- Location
- KANSAS CITY, MO
- CIK
- 0001535862
- Portfolio Value
- $204.0M (Q4 2025)
- SEC Filing
- 0001535862-26-000002 ↗ filed Jan 29, 2026
Holdings Value
Holdings 23 stocks · $204.0M
| IAU iShares Gold Trust | 14.46% | 405,365 | $29.5M | No change |
| GLD SPDR Gold Shares | 14.45% | 82,959 | $29.5M | No change |
| SHY iShares 1-3 Year Treasury Bo | 13.65% | 335,645 | $27.8M | No change |
| VRP Invesco Variable Rate Prefer | 10.37% | 856,829 | $21.2M | No change |
| PGX Invesco Preferred ETF | 7.08% | 1,245,561 | $14.4M | No change |
| GDX Vaneck Gold Miners ETF | 5.72% | 152,812 | $11.7M | No change |
| MLM Martin Marietta Materials | 3.58% | 11,601 | $7.3M | No change |
| TMO Thermo Fisher Scientific Inc. | 3.49% | 14,693 | $7.1M | No change |
| CDW CDW Corp. | 3.49% | 44,645 | $7.1M | No change |
| KNX Knight-Swift Transportation | 2.77% | 142,933 | $5.6M | No change |
| AMZN Amazon.com Inc. | 2.55% | 23,680 | $5.2M | No change |
| UNH Unitedhealth Group Inc. | 2.53% | 14,951 | $5.2M | No change |
| FSLR First Solar Inc. | 2.23% | 20,656 | $4.6M | No change |
| DHI D.R. Horton Inc. | 1.96% | 23,550 | $4.0M | No change |
| ITB iShares U.S. Home Constructi | 1.92% | 36,582 | $3.9M | No change |
| DINO HF Sinclair Corp. | 1.75% | 68,242 | $3.6M | No change |
| MPC Marathon Petroleum Corp. | 1.58% | 16,759 | $3.2M | No change |
| SHV iShares 0-1 Year Treasury Bo | 1.54% | 28,475 | $3.1M | No change |
| VLO Valero Energy Corp. | 1.52% | 18,218 | $3.1M | No change |
| PSX Phillips 66 | 1.38% | 20,661 | $2.8M | No change |
| XLB SS Materials Select Sector | 1.00% | 22,683 | $2.0M | Reduce -50.0% |
| SGOV iShares 0-3 Month Treasury B | 0.85% | 17,270 | $1.7M | No change |
| WMT Walmart Inc. | 0.12% | 2,432 | $251K | No change |
Portfolio Sells Q3 2025 → Q4 2025
| XLB SS Materials Select Sector | Reduce -50.0% | 1.00% | 0.00 |
Portfolio Buys Q3 2025 → Q4 2025
| None this quarter. | |||
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 |