Madison Asset Management, LLC
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 9, 2024), Madison Asset Management, LLC reported 326 stock positions worth $8.1 billion. Its top holding was Arch Capital (ACGL) at 5.0% of the portfolio, followed by Alphabet Class C (GOOG, 3.3%) and Paccar (PCAR, 2.9%). Compared with Q1 2024, it opened 11 new positions, sold out of 16, added to 114 and reduced 160. The biggest buy was a new position in Teledyne Technologies (TDY) and the biggest sale Becton Dickinson and (BDX, shares −100%).
- Most Recent 13F
- Q2 2026
- Location
- MADISON, WI
- CIK
- 0001299351
- Portfolio Value
- $8.1B (Q2 2024)
- SEC Filing
- 0001299351-24-000010 ↗ filed Aug 9, 2024
Holdings Value
Holdings 326 stocks · $8.1B
| ACGL Arch Capital Group Ltd. | 5.01% | 4,015,835 | $405.2M | Add +5.4% |
| GOOG Alphabet Inc. Class C | 3.28% | 1,446,830 | $265.4M | Reduce -5.7% |
| PCAR Paccar Inc. | 2.86% | 2,245,968 | $231.2M | Add +4.2% |
| CPRT Copart Inc. | 2.68% | 3,991,318 | $216.2M | Add +5.1% |
| IT Gartner Inc. | 2.38% | 427,909 | $192.2M | Add +9.8% |
| ROST Ross Stores Inc. | 2.23% | 1,240,287 | $180.2M | Add +10.0% |
| DLTR Dollar Tree Inc. | 1.96% | 1,480,074 | $158.0M | Add +4.5% |
| BRO Brown & Brown Inc. | 1.85% | 1,667,506 | $149.1M | Add +8.6% |
| AMZN Amazon.com Inc. | 1.74% | 727,619 | $140.6M | Reduce -0.5% |
| CSL Carlisle Cos Inc. | 1.72% | 343,850 | $139.3M | Reduce -19.1% |
| APH Amphenol Corp. Class A | 1.63% | 1,950,806 | $131.4M | Add +9.5% |
| ADI Analog Devices Inc. | 1.54% | 546,765 | $124.8M | Add +0.5% |
| TXN Texas Instruments Inc. | 1.51% | 627,203 | $122.0M | Reduce -5.7% |
| LOW Lowe's Cos Inc. | 1.32% | 483,500 | $106.6M | Reduce -1.5% |
| CDW CDW Corp. | 1.28% | 462,424 | $103.5M | Add +9.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.27% | 253,148 | $103.0M | Reduce -1.1% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 1.27% | 933,335 | $102.8M | Reduce -2.1% |
| MC Moelis & Co. Class A | 1.25% | 1,770,835 | $100.7M | Add +10.4% |
| FISV Fiserv Inc. | 1.24% | 674,925 | $100.6M | Reduce -2.3% |
| V Visa Inc. Class A | 1.24% | 380,345 | $99.8M | Reduce -1.8% |
| KMX Carmax Inc. | 1.21% | 1,333,354 | $97.8M | Add +9.8% |
| MKSI MKS Inc. filed as MKS INSTRS INC | 1.20% | 743,714 | $97.1M | Add +10.2% |
| VGT Vanguard Info Tech ETF | 1.15% | 169,446 | $92.6M | Add +74.3% |
| PGR Progressive Corp. | 1.14% | 443,577 | $92.1M | Reduce -1.9% |
| ACN Accenture PLC Class A | 1.14% | 302,946 | $91.9M | Add +10.0% |
| A Agilent Technologies Inc. | 1.13% | 706,932 | $91.6M | Add +7.9% |
| ANET Arista Networks Inc. | 1.11% | 255,472 | $89.5M | Reduce -45.2% |
| LH Labcorp Holdings Inc. | 1.08% | 427,147 | $86.9M | Add +9.6% |
| ALC Alcon Inc. filed as ALCON AG | 1.05% | 955,379 | $85.1M | Reduce -2.2% |
| PH Parker Hannifin Corp. | 1.04% | 166,379 | $84.2M | Reduce -2.4% |
| FND Floor & Decor Holdings Inc. Class A | 1.03% | 835,573 | $83.1M | Add +10.5% |
| USB US Bancorp | 1.02% | 2,070,675 | $82.2M | Reduce -4.4% |
| LBRDK Liberty Broadband-C | 1.00% | 1,471,628 | $80.7M | Add +7.8% |
| JMBS Janus Henderson Mortg Backed | 0.97% | 1,761,044 | $78.6M | Reduce -9.2% |
| SPHQ Invesco S&P 500 Quality ETF | 0.97% | 1,236,156 | $78.5M | Add +4.7% |
| WRB WR Berkley Corp. filed as BERKLEY W R CORP | 0.93% | 952,560 | $74.9M | Add +9.8% |
| DHR Danaher Corp. | 0.89% | 288,818 | $72.2M | Reduce -5.7% |
| CVRD Madison Covered Call ETF | 0.87% | 3,726,184 | $70.3M | Reduce -3.9% |
| WAT Waters Corp. | 0.84% | 234,837 | $68.1M | Add +9.6% |
| THO Thor Industries Inc. | 0.82% | 713,233 | $66.7M | Add +55.5% |
| BAM Brookfield Asset Mgmt-A | 0.82% | 1,743,458 | $66.3M | Add +8.1% |
| MSFT Microsoft Corp. | 0.82% | 148,318 | $66.3M | Reduce -7.0% |
| TDY Teledyne Technologies Inc. | 0.80% | 166,869 | $64.7M | New |
| SCHW Schwab (charles) Corp. | 0.80% | 876,358 | $64.6M | Reduce -2.2% |
| BF.B Brown-Forman Corp. Class B | 0.74% | 1,377,048 | $59.5M | Add +86.4% |
| MSTI Madison SHRT TRM STR Inc. ETF | 0.73% | 2,906,144 | $58.9M | Add +0.5% |
| MRSH Marsh & McLennan Cos | 0.72% | 275,524 | $58.1M | Reduce -2.3% |
| NEE Nextera Energy Inc. | 0.67% | 767,707 | $54.4M | Reduce -20.5% |
| DIVL Madison Dividend Value ETF | 0.66% | 2,676,714 | $53.6M | Reduce -13.9% |
| EXPD Expeditors Intl Wash Inc. | 0.66% | 429,213 | $53.6M | Add +9.6% |
| DSTL Distillate US Fundamental St | 0.66% | 1,032,670 | $53.1M | Reduce -20.1% |
| AWI Armstrong World Industries | 0.64% | 457,061 | $51.8M | Add +9.6% |
| MAGG Madison Aggregate Bond ETF | 0.64% | 2,556,973 | $51.6M | Add +4.3% |
| BN Brookfield Corp. | 0.64% | 1,241,426 | $51.6M | Reduce -2.6% |
| SBUX Starbucks Corp. | 0.60% | 624,730 | $48.6M | Add +512.3% |
| QLTA iShares Aaa - A Rated Corpor | 0.60% | 1,036,871 | $48.6M | Add +9.1% |
| SCHR Schwab Intermediate-Term US | 0.59% | 983,913 | $48.0M | Add +24.2% |
| FWONK Liberty Media Corp. Class C | 0.57% | 641,014 | $46.1M | Add +16.1% |
| LLY Eli Lilly & Co. | 0.57% | 50,654 | $45.9M | Reduce -0.7% |
| BLK BlackRock Finance Inc. | 0.55% | 56,255 | $44.3M | Add +1.7% |
| DE Deere & Co. | 0.54% | 117,455 | $43.9M | Add +23066.7% |
| AAPL Apple Inc. | 0.52% | 201,099 | $42.4M | Reduce -1.3% |
| MCHP Microchip Technology Inc. | 0.52% | 462,619 | $42.3M | Add +14.1% |
| FERG Ferguson Enterprises Inc. | 0.52% | 216,269 | $41.9M | New |
| ELV Elevance Health Inc. | 0.51% | 76,379 | $41.4M | Reduce -4.1% |
| HD Home Depot Inc. | 0.49% | 113,882 | $39.2M | Reduce -6.5% |
| TFLO iShares Treasury Floating Ra | 0.47% | 753,212 | $38.2M | Reduce -39.7% |
| PEP Pepsico Inc. | 0.45% | 218,628 | $36.1M | Add +18.3% |
| JPM JPMorgan Chase & Co. | 0.44% | 176,165 | $35.6M | Reduce -6.2% |
| AMT American Tower Corp. | 0.41% | 171,686 | $33.4M | Add +0.3% |
| ADP Automatic Data Processing | 0.40% | 136,828 | $32.7M | Add +26.3% |
| MDT Medtronic PLC | 0.39% | 401,749 | $31.6M | Reduce -5.2% |
| GBCI Glacier Bancorp Inc. | 0.39% | 846,664 | $31.6M | Add +5.0% |
| COST Costco Wholesale Corp. | 0.39% | 37,071 | $31.5M | Reduce -6.6% |
| FWONA Liberty Media Corp. Class A | 0.36% | 454,863 | $29.2M | No change |
| CFR Cullen/Frost Bankers Inc. | 0.36% | 285,271 | $29.0M | Add +9.3% |
| IEI iShares 3-7 Year Treasury Bo | 0.36% | 248,898 | $28.7M | Reduce -2.1% |
| FAST Fastenal Co. | 0.35% | 452,780 | $28.5M | Add +23.1% |
| MS Morgan Stanley | 0.35% | 291,336 | $28.3M | Reduce -15.8% |
| UNP Union Pacific Corp. | 0.34% | 122,156 | $27.6M | Add +8.3% |
| HON Honeywell International Inc. | 0.34% | 128,340 | $27.4M | Add +1.3% |
| CME Cme Group Inc. | 0.34% | 138,853 | $27.3M | Reduce -7.5% |
| ORCL Oracle Corp. | 0.32% | 184,250 | $26.0M | Add +7.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.32% | 47,533 | $25.9M | Reduce -6.7% |
| EEMA iShares MSCI Emerg MRKT Asia | 0.31% | 343,490 | $24.9M | Add +11.6% |
| COP Conocophillips | 0.29% | 206,881 | $23.7M | Add +139.7% |
| CVX Chevron Corp. | 0.29% | 150,066 | $23.5M | Reduce -8.3% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.29% | 94,429 | $23.1M | Add +96.6% |
| APD Air Products & Chemicals Inc. | 0.28% | 88,587 | $22.9M | Reduce -0.5% |
| CMCSA Comcast Corp. Class A | 0.28% | 570,394 | $22.3M | Reduce -12.8% |
| ABT Abbott Laboratories | 0.26% | 202,157 | $21.0M | Reduce -8.8% |
| FLJP Franklin Ftse Japan ETF | 0.26% | 729,590 | $21.0M | Add +21.2% |
| NKE Nike Inc. Class B | 0.25% | 271,857 | $20.5M | Reduce -4.4% |
| IJH iShares Core S&P Midcap ETF | 0.25% | 345,097 | $20.2M | Reduce -7.0% |
| XOM Exxon Mobil Corp. | 0.25% | 174,486 | $20.1M | Add +19.2% |
| JNJ Johnson & Johnson | 0.25% | 136,971 | $20.0M | Reduce -13.0% |
| XLE SS Energy Select Sector | 0.24% | 216,442 | $19.7M | Reduce -8.1% |
| EOG EOG Resources Inc. | 0.24% | 156,053 | $19.6M | Reduce -35.0% |
| UNH Unitedhealth Group Inc. | 0.24% | 38,542 | $19.6M | Reduce -0.9% |
| AGG iShares Core U.S. Aggregate | 0.24% | 198,885 | $19.3M | Reduce -8.7% |
Portfolio Sells Q1 2024 → Q2 2024
| BDX Becton Dickinson and Co. | Reduce -99.7% | 0.00% | −0.96 |
| FERG Ferguson Jersey Ltd. | Sold out | 0.00% | −0.59 |
| ANET Arista Networks Inc. | Reduce -45.2% | 1.11% | −0.56 |
| CSL Carlisle Cos Inc. | Reduce -19.1% | 1.72% | −0.32 |
| TFLO iShares Treasury Floating Ra | Reduce -39.7% | 0.47% | −0.31 |
| BMY Bristol-Myers Squibb Co. | Reduce -98.8% | 0.00% | −0.29 |
| LOW Lowe's Cos Inc. | Reduce -1.5% | 1.32% | −0.22 |
| DSTL Distillate US Fundamental St | Reduce -20.1% | 0.66% | −0.20 |
| J Jacobs Solutions Inc. | Reduce -97.4% | 0.00% | −0.19 |
| USB US Bancorp | Reduce -4.4% | 1.02% | −0.17 |
| IJR iShares Core S&P Small-Cap E | Reduce -48.5% | 0.17% | −0.16 |
| DIVL Madison Dividend Value ETF | Reduce -13.9% | 0.66% | −0.14 |
| EOG EOG Resources Inc. | Reduce -35.0% | 0.24% | −0.13 |
| IQLT iShares MSCI International Q | Reduce -41.6% | 0.18% | −0.13 |
| EMXC iShares MSCI Emr MRK Ex Chna | Sold out | 0.00% | −0.13 |
| PH Parker Hannifin Corp. | Reduce -2.4% | 1.04% | −0.12 |
| TGT Target Corp. | Reduce -49.4% | 0.09% | −0.12 |
| KO The Coca-Cola Co. | Reduce -93.2% | 0.01% | −0.12 |
| FISV Fiserv Inc. | Reduce -2.3% | 1.24% | −0.11 |
| CSCO Cisco Systems Inc. | Reduce -63.2% | 0.06% | −0.11 |
| JMBS Janus Henderson Mortg Backed | Reduce -9.2% | 0.97% | −0.10 |
| GDX Vaneck Gold Miners ETF | Sold out | 0.00% | −0.10 |
| V Visa Inc. Class A | Reduce -1.8% | 1.24% | −0.09 |
| VEU Vanguard Ftse All-World Ex-U | Reduce -44.0% | 0.12% | −0.09 |
| HD Home Depot Inc. | Reduce -6.5% | 0.49% | −0.09 |
| NEE Nextera Energy Inc. | Reduce -20.5% | 0.67% | −0.09 |
| CVRD Madison Covered Call ETF | Reduce -3.9% | 0.87% | −0.08 |
| SCHD Schwab US DVD Equity ETF | Reduce -61.4% | 0.05% | −0.08 |
| NKE Nike Inc. Class B | Reduce -4.4% | 0.25% | −0.08 |
| MODN Model N Inc. | Sold out | 0.00% | −0.07 |
| CMCSA Comcast Corp. Class A | Reduce -12.8% | 0.28% | −0.07 |
| MDT Medtronic PLC | Reduce -5.2% | 0.39% | −0.06 |
| CME Cme Group Inc. | Reduce -7.5% | 0.34% | −0.06 |
| JNJ Johnson & Johnson | Reduce -13.0% | 0.25% | −0.06 |
| UPS United Parcel Service Class B | Reduce -18.4% | 0.17% | −0.06 |
| MS Morgan Stanley | Reduce -15.8% | 0.35% | −0.05 |
| ABT Abbott Laboratories | Reduce -8.8% | 0.26% | −0.05 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -1.1% | 1.27% | −0.05 |
| DHR Danaher Corp. | Reduce -5.7% | 0.89% | −0.05 |
| PRMW Primo Water Corp. | Reduce -57.7% | 0.05% | −0.04 |
| CVS CVS Health Corp. | Reduce -0.4% | 0.10% | −0.04 |
| CMI Cummins Inc. | Reduce -17.1% | 0.12% | −0.03 |
| MCD McDonald's Corp. | Reduce -10.1% | 0.14% | −0.03 |
| SPTS SS SPDR P St Term TSY ETF | Reduce -13.1% | 0.22% | −0.03 |
| XLE SS Energy Select Sector | Reduce -8.1% | 0.24% | −0.03 |
| CAT Caterpillar Inc. | Reduce -12.6% | 0.11% | −0.03 |
| IJH iShares Core S&P Midcap ETF | Reduce -7.0% | 0.25% | −0.03 |
| CVX Chevron Corp. | Reduce -8.3% | 0.29% | −0.03 |
| PG The Procter & Gamble Co. | Reduce -18.6% | 0.13% | −0.03 |
| EHC Encompass Health Corp. | Reduce -23.0% | 0.10% | −0.03 |
Portfolio Buys Q1 2024 → Q2 2024
| TDY Teledyne Technologies Inc. | New | 0.80% | +0.80 |
| ACGL Arch Capital Group Ltd. | Add +5.4% | 5.01% | +0.68 |
| DE Deere & Co. | Add +23066.7% | 0.54% | +0.54 |
| VGT Vanguard Info Tech ETF | Add +74.3% | 1.15% | +0.52 |
| FERG Ferguson Enterprises Inc. | New | 0.52% | +0.52 |
| SBUX Starbucks Corp. | Add +512.3% | 0.60% | +0.49 |
| APH Amphenol Corp. Class A | Add +9.5% | 1.63% | +0.36 |
| BF.B Brown-Forman Corp. Class B | Add +86.4% | 0.74% | +0.27 |
| VGK Vanguard Ftse Europe ETF | New | 0.23% | +0.23 |
| ADI Analog Devices Inc. | Add +0.5% | 1.54% | +0.22 |
| ROST Ross Stores Inc. | Add +10.0% | 2.23% | +0.19 |
| BRO Brown & Brown Inc. | Add +8.6% | 1.85% | +0.19 |
| HEDJ Wisdomtree Europe Hedged Equ | New | 0.19% | +0.19 |
| THO Thor Industries Inc. | Add +55.5% | 0.82% | +0.16 |
| COP Conocophillips | Add +139.7% | 0.29% | +0.16 |
| ABBV Abbvie Inc. | Add +327.3% | 0.20% | +0.15 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Add +96.6% | 0.29% | +0.14 |
| EFX Equifax Inc. | New | 0.14% | +0.14 |
| MC Moelis & Co. Class A | Add +10.4% | 1.25% | +0.13 |
| FWONK Liberty Media Corp. Class C | Add +16.1% | 0.57% | +0.12 |
| SCHR Schwab Intermediate-Term US | Add +24.2% | 0.59% | +0.12 |
| MKSI MKS Inc. | Add +10.2% | 1.20% | +0.10 |
| SPHQ Invesco S&P 500 Quality ETF | Add +4.7% | 0.97% | +0.09 |
| IT Gartner Inc. | Add +9.8% | 2.38% | +0.09 |
| EXPD Expeditors Intl Wash Inc. | Add +9.6% | 0.66% | +0.08 |
| MCHP Microchip Technology Inc. | Add +14.1% | 0.52% | +0.08 |
| ADP Automatic Data Processing | Add +26.3% | 0.40% | +0.07 |
| VCSH Vanguard S/T Corp. Bond ETF | Add +1170.3% | 0.08% | +0.07 |
| HEZU iShares Currency Hedged MSCI | New | 0.07% | +0.07 |
| ORCL Oracle Corp. | Add +7.7% | 0.32% | +0.06 |
| MDY State Street SPDR S&P Midcap | Add +112.5% | 0.11% | +0.06 |
| EEMA iShares MSCI Emerg MRKT Asia | Add +11.6% | 0.31% | +0.05 |
| MMM 3M Co. | Add +205.1% | 0.08% | +0.05 |
| PEP Pepsico Inc. | Add +18.3% | 0.45% | +0.05 |
| QLTA iShares Aaa - A Rated Corpor | Add +9.1% | 0.60% | +0.05 |
| XOM Exxon Mobil Corp. | Add +19.2% | 0.25% | +0.04 |
| LBRDK Liberty Broadband-C | Add +7.8% | 1.00% | +0.04 |
| FCX Freeport-McMoran Inc. | New | 0.04% | +0.04 |
| TMUS T-Mobile US Inc. | Add +22.1% | 0.15% | +0.04 |
| QCOM Qualcomm Inc. | Add +0.3% | 0.22% | +0.03 |
| TCBI Texas Capital Bancshares Inc. | New | 0.03% | +0.03 |
| FLJP Franklin Ftse Japan ETF | Add +21.2% | 0.26% | +0.03 |
| LH Labcorp Holdings Inc. | Add +9.6% | 1.08% | +0.03 |
| OPCH Option Care Health Inc. | New | 0.03% | +0.03 |
| MAGG Madison Aggregate Bond ETF | Add +4.3% | 0.64% | +0.03 |
| CIEN Ciena Corp. | Add +17.0% | 0.20% | +0.03 |
| MLPA Global X MLP ETF | Add +30.1% | 0.10% | +0.02 |
| MTDR Matador Resources Co. | Add +38.6% | 0.12% | +0.02 |
| HPE Hewlett Packard Enterprise | New | 0.02% | +0.02 |
| HON Honeywell International Inc. | Add +1.3% | 0.34% | +0.02 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 347 | $8.4B | ACGL, GOOG, APH, ROST, PCAR |
| Q1 2026 | 349 | $8.1B | ACGL, ROST, PCAR, GOOG, APH |
| Q4 2025 | 341 | $8.7B | ACGL, ROST, PCAR, GOOG, APH |
| Q3 2025 | 336 | $9.1B | ACGL, APH, ROST, PCAR, CDW |
| Q2 2025 | 338 | $9.3B | ACGL, IT, APH, PCAR, CDW |
| Q1 2025 | 349 | $9.0B | ACGL, CPRT, BRO, PCAR, IT |
| Q4 2024 | 335 | $8.9B | ACGL, GOOG, PCAR, CPRT, IT |
| Q3 2024 | 328 | $8.9B | ACGL, IT, PCAR, GOOG, CPRT |
| Q2 2024 | 326 | $8.1B | ACGL, GOOG, PCAR, CPRT, IT |
| Q1 2024 | 330 | $8.1B | ACGL, PCAR, GOOG, CPRT, DLTR |