Mader & Shannon Wealth Management, Inc.
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 13, 2026), Mader & Shannon Wealth Management, Inc. reported 20 stock positions worth $216.1 million. Its top holding was iShares 0-3 Month Treasury B (SGOV) at 15.6% of the portfolio, followed by iShares Gold Trust (IAU, 13.6%) and SPDR Gold Shares (GLD, 13.6%). Compared with Q4 2025, it opened 1 new position, sold out of 4, added to 14 and reduced 5. The biggest buy was iShares 0-3 Month Treasury B (SGOV, shares +1841%) and the biggest sale an exit from Invesco Preferred ETF (PGX).
- Most Recent 13F
- Q2 2026
- Location
- KANSAS CITY, MO
- CIK
- 0001535862
- Portfolio Value
- $216.1M (Q1 2026)
- SEC Filing
- 0001535862-26-000003 ↗ filed Apr 13, 2026
Holdings Value
Holdings 20 stocks · $216.1M
| SGOV iShares 0-3 Month Treasury B | 15.62% | 335,197 | $33.7M | Add +1840.9% |
| IAU iShares Gold Trust | 13.58% | 332,931 | $29.4M | Reduce -17.9% |
| GLD SPDR Gold Shares | 13.58% | 68,178 | $29.3M | Reduce -17.8% |
| SHY iShares 1-3 Year Treasury Bo | 9.61% | 251,457 | $20.8M | Reduce -25.1% |
| VRP Invesco Variable Rate Prefer | 8.02% | 722,589 | $17.3M | Reduce -15.7% |
| KNX Knight-Swift Transportation | 4.50% | 168,719 | $9.7M | Add +18.0% |
| TMO Thermo Fisher Scientific Inc. | 4.14% | 18,200 | $8.9M | Add +23.9% |
| SHV iShares 0-1 Year Treasury Bo | 3.95% | 77,279 | $8.5M | Add +171.4% |
| GDX Vaneck Gold Miners ETF | 3.85% | 90,648 | $8.3M | Reduce -40.7% |
| MLM Martin Marietta Materials | 3.65% | 13,402 | $7.9M | Add +15.5% |
| IEO iShares U.S. Oil & Gas Explo | 2.70% | 46,648 | $5.8M | New |
| VLO Valero Energy Corp. | 2.28% | 19,968 | $4.9M | Add +9.6% |
| DINO HF Sinclair Corp. | 2.13% | 73,713 | $4.6M | Add +8.0% |
| XLB SS Materials Select Sector | 2.10% | 90,724 | $4.5M | Add +300.0% |
| FSLR First Solar Inc. | 2.09% | 22,897 | $4.5M | Add +10.8% |
| PSX Phillips 66 | 2.06% | 24,429 | $4.5M | Add +18.2% |
| MPC Marathon Petroleum Corp. | 2.04% | 18,084 | $4.4M | Add +7.9% |
| DHI D.R. Horton Inc. | 1.99% | 31,356 | $4.3M | Add +33.1% |
| ITB iShares U.S. Home Constructi | 1.98% | 47,168 | $4.3M | Add +28.9% |
| WMT Walmart Inc. | 0.14% | 2,468 | $307K | Add +1.5% |
Portfolio Sells Q4 2025 → Q1 2026
| PGX Invesco Preferred ETF | Sold out | 0.00% | −7.08 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -25.1% | 9.61% | −4.04 |
| CDW CDW Corp. | Sold out | 0.00% | −3.49 |
| AMZN Amazon.com Inc. | Sold out | 0.00% | −2.55 |
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −2.53 |
| VRP Invesco Variable Rate Prefer | Reduce -15.7% | 8.02% | −2.35 |
| GDX Vaneck Gold Miners ETF | Reduce -40.7% | 3.85% | −1.87 |
| GLD SPDR Gold Shares | Reduce -17.8% | 13.58% | −0.88 |
| IAU iShares Gold Trust | Reduce -17.9% | 13.58% | −0.87 |
Portfolio Buys Q4 2025 → Q1 2026
| SGOV iShares 0-3 Month Treasury B | Add +1840.9% | 15.62% | +14.76 |
| IEO iShares U.S. Oil & Gas Explo | New | 2.70% | +2.70 |
| SHV iShares 0-1 Year Treasury Bo | Add +171.4% | 3.95% | +2.41 |
| KNX Knight-Swift Transportation | Add +18.0% | 4.50% | +1.73 |
| XLB SS Materials Select Sector | Add +300.0% | 2.10% | +1.10 |
| VLO Valero Energy Corp. | Add +9.6% | 2.28% | +0.76 |
| PSX Phillips 66 | Add +18.2% | 2.06% | +0.68 |
| TMO Thermo Fisher Scientific Inc. | Add +23.9% | 4.14% | +0.65 |
| MPC Marathon Petroleum Corp. | Add +7.9% | 2.04% | +0.46 |
| DINO HF Sinclair Corp. | Add +8.0% | 2.13% | +0.38 |
| MLM Martin Marietta Materials | Add +15.5% | 3.65% | +0.07 |
| ITB iShares U.S. Home Constructi | Add +28.9% | 1.98% | +0.05 |
| DHI D.R. Horton Inc. | Add +33.1% | 1.99% | +0.04 |
| WMT Walmart Inc. | Add +1.5% | 0.14% | +0.02 |
| FSLR First Solar Inc. | Add +10.8% | 2.09% | −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 |