Madison Asset Management, LLC

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 6, 2025), Madison Asset Management, LLC reported 349 stock positions worth $9.0 billion. Its top holding was Arch Capital (ACGL) at 5.2% of the portfolio, followed by Copart (CPRT, 2.9%) and Brown & Brown (BRO, 2.9%). Compared with Q4 2024, it opened 34 new positions, sold out of 20, added to 117 and reduced 158. The biggest buy was a new position in Trex (TREX) and the biggest sale Arista Networks (ANET, shares −45%).

Most Recent 13F
Q2 2026
Location
MADISON, WI
CIK
0001299351
Portfolio Value
$9.0B (Q1 2025)
SEC Filing
0001954889-25-000019 ↗ filed May 6, 2025

Holdings Value

0$2.0B$4.0B$6.0B$8.0B$10.0B Q1 2024: $8.1B Q1 2024 Q2 2024: $8.1B Q2 2024 Q3 2024: $8.9B Q3 2024 Q4 2024: $8.9B Q4 2024 Q1 2025: $9.0B $9.0B Q1 2025 Q2 2025: $9.3B Q2 2025 Q3 2025: $9.1B Q3 2025 Q4 2025: $8.7B Q4 2025 Q1 2026: $8.1B Q1 2026 Q2 2026: $8.4B Q2 2026

Holdings 349 stocks · $9.0B

ACGL Arch Capital Group Ltd. 5.18% 4,837,602 $465.3M Add +9.0%
CPRT Copart Inc. 2.93% 4,651,616 $263.2M Add +5.2%
BRO Brown & Brown Inc. 2.86% 2,060,954 $256.4M Add +6.2%
PCAR Paccar Inc. 2.79% 2,569,851 $250.2M Add +5.0%
IT Gartner Inc. 2.58% 552,190 $231.8M Add +9.3%
ROST Ross Stores Inc. 2.29% 1,607,872 $205.5M Add +5.7%
GOOG Alphabet Inc. Class C 2.29% 1,313,830 $205.3M Reduce -2.9%
CSL Carlisle Cos Inc. 1.95% 515,134 $175.4M Add +28.2%
APH Amphenol Corp. Class A 1.86% 2,546,347 $167.0M Add +12.1%
LBRDK Liberty Broadband-C 1.69% 1,781,745 $151.5M Add +8.6%
AMZN Amazon.com Inc. 1.61% 758,621 $144.3M Add +2.3%
FISV Fiserv Inc. 1.56% 633,173 $139.8M Reduce -3.5%
CDW CDW Corp. 1.49% 836,530 $134.1M Add +11.1%
WRB WR Berkley Corp. filed as BERKLEY W R CORP 1.46% 1,842,275 $131.1M Add +9.5%
LH Labcorp Holdings Inc. 1.44% 556,683 $129.6M Add +3.4%
BRK.B Berkshire Hathaway Inc. Class B 1.43% 241,649 $128.7M Reduce -1.6%
DLTR Dollar Tree Inc. 1.43% 1,709,331 $128.3M Add +13.1%
V Visa Inc. Class A 1.43% 365,051 $127.9M Reduce -3.0%
PGR Progressive Corp. 1.34% 424,830 $120.2M Reduce -1.8%
TXN Texas Instruments Inc. 1.32% 659,008 $118.4M Add +7.4%
MKSI MKS Inc. filed as MKS INSTRS INC 1.28% 1,428,143 $114.5M Add +52.9%
WAT Waters Corp. 1.27% 309,319 $114.0M Add +9.7%
TDY Teledyne Technologies Inc. 1.23% 222,515 $110.7M Add +9.0%
TREX Trex Company Inc. 1.22% 1,890,732 $109.9M New
ADI Analog Devices Inc. 1.17% 521,033 $105.1M Reduce -0.7%
LOW Lowe's Cos Inc. 1.14% 439,630 $102.5M Reduce -2.0%
ACN Accenture PLC Class A 1.06% 305,935 $95.5M Add +0.3%
SPHQ Invesco S&P 500 Quality ETF 1.06% 1,427,903 $94.7M Add +8.0%
DHR Danaher Corp. 1.03% 452,263 $92.7M Add +61.8%
BAM Brookfield Asset Mgmt-A 1.03% 1,901,985 $92.2M Add +9.5%
FWONK Liberty Media Corp. Class C 0.97% 971,418 $87.4M Add +14.9%
ALC Alcon Inc. filed as ALCON AG 0.97% 915,229 $86.9M Reduce -1.7%
FND Floor & Decor Holdings Inc. Class A 0.95% 1,063,511 $85.6M Add +8.7%
JMBS Janus Henderson Mortg Backed 0.93% 1,848,438 $83.5M Add +7.8%
ABG Asbury Automotive Group 0.92% 373,320 $82.4M Add +10.1%
LAD Lithia Motors Inc. 0.92% 280,456 $82.3M Add +9.9%
A Agilent Technologies Inc. 0.91% 695,411 $81.3M Reduce -0.7%
KEYS Keysight Technologies Inc. 0.90% 540,801 $81.0M Reduce -1.5%
THO Thor Industries Inc. 0.90% 1,065,299 $80.8M Add +6.5%
MRSH Marsh & McLennan Cos 0.86% 314,949 $76.9M Add +15.5%
MCHP Microchip Technology Inc. 0.85% 1,579,949 $76.5M Add +15.2%
KNSL Kinsale Capital Group Inc. 0.85% 156,634 $76.2M New
FERG Ferguson Enterprises Inc. 0.84% 472,848 $75.8M Add +57.3%
SCHW Schwab (charles) Corp. 0.84% 957,641 $75.0M Reduce -0.4%
PH Parker Hannifin Corp. 0.83% 123,118 $74.8M Reduce -1.6%
MC Moelis & Co. Class A 0.82% 1,264,200 $73.8M Add +8.5%
DSTL Distillate US Fundamental St 0.81% 1,345,696 $73.0M Add +2.0%
EXPD Expeditors Intl Wash Inc. 0.73% 548,284 $65.9M Add +10.3%
ELV Elevance Health Inc. 0.72% 149,572 $65.1M Add +140.9%
BF.B Brown-Forman Corp. Class B 0.71% 1,886,816 $64.0M Add +17.1%
MSTI Madison SHRT TRM STR Inc. ETF 0.70% 3,068,537 $62.9M Reduce -0.9%
BN Brookfield Corp. 0.70% 1,195,621 $62.7M Reduce -1.4%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.69% 507,201 $61.8M Reduce -1.0%
MSFT Microsoft Corp. 0.68% 162,642 $61.1M Add +10.0%
MAGG Madison Aggregate Bond ETF 0.63% 2,796,158 $56.8M Reduce -2.3%
DIVL Madison Dividend Value ETF 0.61% 2,484,841 $54.4M Reduce -1.4%
DE Deere & Co. 0.60% 114,958 $54.0M Reduce -2.8%
ANET Arista Networks Inc. 0.58% 668,516 $51.8M Reduce -44.7%
SBUX Starbucks Corp. 0.56% 507,950 $49.8M Reduce -6.6%
NEE Nextera Energy Inc. 0.54% 688,093 $48.8M Reduce -2.1%
CFR Cullen/Frost Bankers Inc. 0.53% 376,784 $47.2M Add +9.4%
CVRD Madison Covered Call ETF 0.52% 2,668,145 $47.0M Reduce -10.7%
GBCI Glacier Bancorp Inc. 0.51% 1,041,736 $46.1M Add +9.5%
AAPL Apple Inc. 0.47% 189,400 $42.1M Reduce -2.4%
GGG Graco Inc. 0.46% 497,585 $41.6M Add +9.8%
SCHR Schwab Intermediate-Term US 0.46% 1,670,536 $41.5M Reduce -27.9%
LLY Eli Lilly & Co. 0.46% 49,495 $40.9M Reduce -0.3%
HD Home Depot Inc. 0.42% 104,048 $38.1M Reduce -2.9%
JPM JPMorgan Chase & Co. 0.42% 153,654 $37.7M Reduce -3.4%
BLK BlackRock Inc. 0.42% 39,531 $37.4M Add +4.3%
FWONA Liberty Media Corp. Class A 0.41% 454,863 $37.1M No change
HON Honeywell International Inc. 0.39% 164,123 $34.8M Add +20.0%
AMT American Tower Corp. 0.39% 159,006 $34.6M Reduce -1.7%
EEMA iShares MSCI Emerg MRKT Asia 0.38% 464,630 $34.4M Add +5.5%
MDT Medtronic PLC 0.37% 368,569 $33.1M Reduce -1.6%
JNJ Johnson & Johnson 0.36% 194,894 $32.3M Reduce -4.3%
VGT Vanguard Info Tech ETF 0.36% 59,296 $32.2M Reduce -4.9%
ADP Automatic Data Processing 0.33% 98,041 $30.0M Reduce -22.7%
COST Costco Wholesale Corp. 0.33% 30,955 $29.3M Reduce -7.7%
NKE Nike Inc. Class B 0.32% 453,617 $28.8M Add +3.6%
PEP Pepsico Inc. 0.30% 177,225 $26.6M Reduce -2.7%
ORCL Oracle Corp. 0.29% 185,722 $26.0M Add +11.9%
COP Conocophillips 0.29% 244,527 $25.7M Reduce -1.6%
CME Cme Group Inc. 0.27% 90,279 $24.0M Reduce -15.4%
AGG iShares Core U.S. Aggregate 0.26% 237,051 $23.4M Add +23.5%
SPY SS SPDR S&P 500 ETF Trust-US 0.26% 40,939 $22.9M Reduce -26.9%
ADBE Adobe Inc. 0.25% 59,142 $22.7M Add +44.2%
IJR iShares Core S&P Small-Cap E 0.25% 214,597 $22.4M Add +18.4%
SPHY SS SPDR P High Yield ETF 0.25% 944,127 $22.1M Add +111.6%
UNP Union Pacific Corp. 0.24% 92,811 $21.9M Reduce -3.8%
CVX Chevron Corp. 0.24% 131,058 $21.9M Reduce -3.6%
KBE SS SPDR S&P Bank ETF 0.23% 397,809 $21.1M Add +52.8%
CMCSA Comcast Corp. Class A 0.22% 540,662 $20.0M Reduce -9.8%
FLJP Franklin Ftse Japan ETF 0.22% 670,993 $19.7M Reduce -3.2%
UNH Unitedhealth Group Inc. 0.22% 37,352 $19.6M Reduce -0.7%
JAAA Janus Henderson Aaa Clo ETF 0.22% 385,218 $19.5M Add +153.8%
XOM Exxon Mobil Corp. 0.21% 158,218 $18.8M Reduce -1.6%
TEL Te Connectivity PLC 0.21% 132,258 $18.7M Add +13.2%
IJH iShares Core S&P Midcap ETF 0.21% 319,386 $18.6M Reduce -7.1%
MDY State Street SPDR S&P Midcap 0.21% 34,904 $18.6M Reduce -12.4%
MS Morgan Stanley 0.20% 155,334 $18.1M Reduce -6.8%
LIN Linde PLC 0.20% 37,890 $17.6M Reduce -1.2%
EOG EOG Resources Inc. 0.19% 134,581 $17.3M Reduce -5.2%
IEI iShares 3-7 Year Treasury Bo 0.19% 143,739 $17.0M Reduce -40.1%
USB US Bancorp 0.19% 395,490 $16.7M Reduce -80.4%
ABBV Abbvie Inc. 0.18% 79,270 $16.6M Reduce -5.9%
IEF iShares 7-10 Year Treasury B 0.18% 173,999 $16.6M Reduce -19.1%
HSY The Hershey Co. 0.18% 94,505 $16.2M Reduce -4.2%
IQLT iShares MSCI International Q 0.18% 404,125 $16.0M Reduce -4.5%
FAST Fastenal Co. 0.18% 206,477 $16.0M Reduce -8.4%
VGK Vanguard Ftse Europe ETF 0.17% 217,323 $15.3M Add +38.5%
LVS Las Vegas Sands Corp. 0.17% 392,600 $15.2M No change
ASML ASML Holding NV-NY Reg SHS 0.16% 21,620 $14.3M Add +1.5%
QCOM Qualcomm Inc. 0.16% 91,137 $14.0M Add +1.5%
AES AES Corp. 0.15% 1,093,000 $13.6M Add +37.8%
ROK Rockwell Automation Inc. 0.15% 52,514 $13.6M Add +9.8%
ABT Abbott Laboratories 0.15% 99,145 $13.2M Reduce -49.1%
ECL Ecolab Inc. 0.14% 50,427 $12.8M Reduce -1.2%
VEU Vanguard Ftse All-World Ex-U 0.14% 208,218 $12.6M Add +4.5%
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.14% 48,639 $12.5M Reduce -1.4%
XLE SS Energy Select Sector 0.14% 132,514 $12.4M Reduce -3.8%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.14% 294,901 $12.3M Reduce -7.2%
B Barrick Gold Corp. 0.14% 629,500 $12.2M No change
MLPA Global X MLP ETF 0.13% 217,710 $11.6M Add +20.3%
MTDR Matador Resources Co. 0.13% 221,000 $11.3M No change
EFX Equifax Inc. 0.12% 45,294 $11.0M Add +1.2%
APD Air Products & Chemicals Inc. 0.12% 35,368 $10.4M Reduce -18.6%
SPTS SS SPDR P St Term TSY ETF 0.12% 354,843 $10.4M Reduce -16.4%
PYPL PayPal Holdings Inc. 0.11% 157,300 $10.3M No change
XSHQ Invesco S&P Smallcap Quality 0.11% 255,241 $10.1M Add +8.8%
MCD McDonald's Corp. 0.11% 31,870 $10.0M Reduce -9.5%
PG The Procter & Gamble Co. 0.11% 56,787 $9.7M Reduce -6.2%
VCSH Vanguard S/T Corp. Bond ETF 0.11% 122,248 $9.7M Add +70.7%
PAYX Paychex Inc. 0.11% 61,681 $9.5M Reduce -9.5%
RIG Transocean Ltd. 0.11% 2,975,000 $9.4M No change
CVS CVS Health Corp. 0.10% 138,850 $9.4M No change
EZU iShares MSCI Eurozone ETF 0.10% 172,657 $9.2M New
CL Colgate-Palmolive Co. 0.10% 95,434 $8.9M Reduce -8.5%
EHC Encompass Health Corp. 0.09% 82,974 $8.4M Reduce -5.6%
TMUS T-Mobile US Inc. 0.09% 31,000 $8.3M Add +210.0%
STZ Constellation Brands Inc. Class A 0.09% 43,400 $8.0M No change
ADM Archer-Daniels-Midland Co. 0.09% 162,900 $7.8M No change
QLTA iShares Aaa - A Rated Corpor 0.09% 164,426 $7.8M Reduce -77.1%
SCHD Schwab US DVD Equity ETF 0.08% 270,502 $7.6M Add +89.8%
CAT Caterpillar Inc. 0.08% 22,176 $7.3M Reduce -5.5%
APA Apa Corp. 0.08% 338,700 $7.1M Reduce -5.6%
VRTX Vertex Pharmaceuticals Inc. 0.08% 14,396 $7.0M Reduce -0.9%
CNM Core & Main Inc. Class A 0.08% 139,648 $6.7M Reduce -12.8%
SMPL The Simply Good Foods Co. 0.07% 182,787 $6.3M Reduce -1.1%
VFH Vanguard Financials ETF 0.07% 51,746 $6.2M Add +186.4%
AXS Axis Capital Holdings Ltd. 0.07% 61,613 $6.2M Reduce -1.3%
OPCH Option Care Health Inc. 0.07% 176,295 $6.2M Reduce -1.1%
HQY Healthequity Inc. 0.07% 69,364 $6.1M Reduce -1.1%
SMG Scotts Miracle-Gro Co. 0.07% 111,385 $6.1M Add +15.5%
AMD Advanced Micro Devices 0.07% 58,687 $6.0M No change
CMI Cummins Inc. 0.07% 19,170 $6.0M Reduce -38.3%
PRMB Primo Brands Corp. 0.07% 168,884 $6.0M Reduce -1.4%
BOX Box Inc. Class A 0.07% 191,805 $5.9M Reduce -3.5%
VIG Vanguard Dividend Apprec ETF 0.06% 29,558 $5.7M Reduce -33.0%
RLI Rli Corp. 0.06% 68,275 $5.5M Add +234.3%
SPTL SS SPDR PF LNG TRM TSY E-Usd 0.06% 194,390 $5.3M Add +0.1%
POWI Power Integrations Inc. 0.06% 102,726 $5.2M Add +21.7%
PFE Pfizer Inc. 0.06% 201,486 $5.1M Reduce -0.3%
CCOI Cogent Communications Holdin 0.06% 81,264 $5.0M Reduce -1.1%
BABA Alibaba Group Holding-SP ADR 0.05% 37,056 $4.9M Reduce -17.0%
WSC Willscot Holdings Corp. 0.05% 171,528 $4.8M Reduce -9.5%
OSW Onespaworld Holdings Ltd. 0.05% 273,985 $4.6M Reduce -22.2%
ITW Illinois Tool Works 0.05% 18,383 $4.6M Add +6.1%
HAYW Hayward Holdings Inc. 0.05% 326,579 $4.5M Add +10.6%
SHAK Shake Shack Inc. Class A 0.05% 51,251 $4.5M Add +14.1%
WK Workiva Inc. 0.05% 58,261 $4.4M Add +39.4%
SPYM Ste STR SPDR PT S&P 500 ETF 0.05% 64,788 $4.3M Add +19.5%
FORM Formfactor Inc. 0.05% 148,979 $4.2M Add +41.1%
CCJ Cameco Corp. 0.05% 102,202 $4.2M Add +67.7%
CHRD Chord Energy Corp. 0.05% 36,907 $4.2M Add +5.2%
BWIN Baldwin Insurance Group Inc./ filed as THE BALDWIN INSURANCE GRP IN 0.05% 93,024 $4.2M Add +14.1%
TCBI Texas Capital Bancshares Inc. 0.05% 55,536 $4.1M Reduce -1.0%
REGN Regeneron Pharmaceuticals 0.05% 6,420 $4.1M Reduce -0.4%
IVV iShares Core S&P 500 ETF 0.05% 7,215 $4.1M Add +1.6%
ENTG Entegris Inc. 0.04% 45,953 $4.0M Reduce -1.3%
HDB HDFC Bank Ltd.-ADR 0.04% 59,818 $4.0M Reduce -20.6%
CFLT Confluent Inc. Class A 0.04% 169,061 $4.0M Reduce -7.6%
GMED Globus Medical Inc. Class A 0.04% 53,392 $3.9M Add +4.0%
CR Crane Co. 0.04% 25,358 $3.9M Reduce -1.0%
DRS Leonardo DRS Inc. 0.04% 116,183 $3.8M Reduce -1.0%
CVLT Commvault Systems Inc. 0.04% 23,695 $3.7M Reduce -1.0%
WAL Western Alliance Bancorp 0.04% 47,044 $3.6M Reduce -1.0%
GWW WW Grainger Inc. filed as GRAINGER W W INC 0.04% 3,629 $3.6M Reduce -0.4%
FCX Freeport-McMoran Inc. 0.04% 94,628 $3.6M Add +6.3%
EPC Edgewell Personal Care Co. 0.04% 113,698 $3.5M Reduce -1.2%
AZN Astrazeneca PLC-Spons ADR 0.04% 47,863 $3.5M Reduce -5.8%
TSM Taiwan Semiconductor-SP ADR 0.04% 20,250 $3.4M Reduce -4.6%
HPE Hewlett Packard Enterprise 0.04% 212,000 $3.3M Reduce -6.0%
WMMVY Walmart DE Mexico-Spon ADR V 0.03% 113,524 $3.1M Reduce -1.4%
OLLI Ollie's Bargain Outlet Holdi 0.03% 26,563 $3.1M Reduce -0.9%
DTEGY Deutsche Telekom AG-Spon ADR 0.03% 83,311 $3.1M Reduce -26.4%
EADSY Airbus SE - Unsp ADR 0.03% 68,433 $3.0M Reduce -7.0%
SAIA Saia Inc. 0.03% 8,557 $3.0M Add +13.0%
VUG Vanguard Mrngstar GR ETF-Sui 0.03% 8,031 $3.0M Add +16.5%
CTS CTS Corp. 0.03% 71,135 $3.0M Reduce -1.0%
MEDP Medpace Holdings Inc. 0.03% 9,683 $3.0M Add +39.4%
CXT Crane NXT Co. 0.03% 57,333 $2.9M Reduce -1.3%
TCEHY Tencent Holdings Ltd.-Uns ADR 0.03% 45,722 $2.9M Reduce -28.3%
KRYAY Kerry Group PLC-Spons ADR 0.03% 27,480 $2.9M Reduce -4.5%
PNGAY Ping An Insurance-ADR 0.03% 240,404 $2.9M Add +17.2%
PUK Prudential PLC-ADR 0.03% 130,531 $2.8M Add +8.5%
KN Knowles Corp. 0.03% 184,094 $2.8M Add +47.5%
RVLV Revolve Group Inc. Class A 0.03% 128,660 $2.8M Add +19.5%
SONY Sony Group Corp. - SP ADR 0.03% 108,524 $2.8M Reduce -7.0%
NVDA Nvidia Corp. 0.03% 24,143 $2.6M Add +1.7%
MWA Mueller Water Products Inc. Class A 0.03% 100,857 $2.6M Reduce -1.2%
CIEN Ciena Corp. 0.03% 41,102 $2.5M Reduce -11.7%
SPMD SS SPDR P S&P 400 Midcap ETF 0.03% 48,524 $2.5M Add +0.6%
GOOGL Alphabet Inc. Class A 0.03% 15,891 $2.5M Reduce -1.3%
MRK Merck & Co. Inc. 0.03% 26,986 $2.4M Reduce -2.5%
BBJP JPMorgan Betabuilders Japan 0.03% 42,928 $2.4M Reduce -28.7%
AAGIY Aia Group Ltd.-SP ADR 0.03% 79,079 $2.4M Add +2.0%
SAP Sap SE-Sponsored ADR 0.03% 8,908 $2.4M Reduce -12.6%
HAIN Hain Celestial Group Inc. 0.03% 576,039 $2.4M Reduce -1.1%
OLN Olin Corp. 0.03% 96,793 $2.3M Reduce -1.4%
CYBR Cyberark Software Ltd./Israel 0.03% 6,911 $2.3M Reduce -23.9%
AMGN Amgen Inc. 0.03% 7,408 $2.3M Reduce -0.9%
DQJCY Pan Pacific Intern-Unsp ADR 0.03% 83,967 $2.3M Reduce -17.8%
LZAGY Lonza Group AG-Unspon ADR 0.03% 36,865 $2.3M Reduce -6.8%
VFC VF Corp. 0.03% 146,046 $2.3M Add +23.4%
TRYIY Toray Industries-Unspon ADR 0.03% 166,329 $2.3M Reduce -5.5%
KIGRY Kion Group AG-Unsp ADR 0.03% 215,477 $2.3M Reduce -3.8%
INFY Infosys Ltd.-SP ADR 0.03% 122,955 $2.2M Reduce -12.5%
MUFG Mitsubishi Ufj Finl-Spon ADR 0.02% 162,038 $2.2M Reduce -6.8%
ADDYY Adidas AG-Sponsored ADR 0.02% 18,683 $2.2M Reduce -6.6%
FMX Fomento Economico Mex-SP ADR 0.02% 22,310 $2.2M Reduce -4.8%
HUM Humana Inc. 0.02% 8,225 $2.2M Add +2.4%
SDY SS SPDR S&P Dividend ETF 0.02% 15,793 $2.1M No change
CP Canadian Pacific Kansas City 0.02% 30,234 $2.1M Reduce -11.4%
DSNKY Daiichi Sankyo Co.-Spon ADR 0.02% 86,013 $2.1M Add +7.3%
ITUB Itau Unibanco H-Spon PRF ADR 0.02% 371,738 $2.0M Reduce -0.6%
DSMC Distillate S/M Cash Flow ETF 0.02% 64,509 $2.0M Add +6.7%
SPGI S&P Global Inc. 0.02% 3,987 $2.0M Add +0.3%
PKW Invesco Buyback Achievers Et 0.02% 17,558 $2.0M No change
SIEGY Siemens AG-Spons ADR 0.02% 17,103 $2.0M Reduce -17.2%
HLMN Hillman Solutions Corp. 0.02% 221,922 $2.0M Add +116.2%
SCCO Southern Copper Corp. 0.02% 19,647 $1.8M Reduce -6.7%
MKC McCormick & Co.-Non VTG SHRS 0.02% 21,978 $1.8M Add +15.1%
SHEL Shell PLC-ADR 0.02% 24,285 $1.8M Reduce -7.7%
META Meta Platforms Inc. Class A 0.02% 3,076 $1.8M Reduce -10.2%
CABGY Carlsberg As-B-Spon ADR 0.02% 68,024 $1.7M New
DGX Quest Diagnostics Inc. 0.02% 10,022 $1.7M Add +28.2%
SXYAY Sika AG-ADR 0.02% 69,263 $1.7M Reduce -3.6%
TSRYY Treasury Wine Estates-ADR 0.02% 273,264 $1.7M Add +8.9%
TFLO iShares Treasury Floating Ra 0.02% 32,748 $1.7M Reduce -88.5%
LZ Legalzoomcom Inc. 0.02% 190,695 $1.6M Reduce -1.0%
RACE Ferrari NV 0.02% 3,817 $1.6M Add +8.0%
VFLO Victoryshares Free Cash Flow 0.02% 47,198 $1.6M Add +29.7%
IRM Iron Mountain Inc. filed as IRON MTN INC DEL 0.02% 18,531 $1.6M Reduce -24.0%
MFC Manulife Financial Corp. 0.02% 48,849 $1.5M Reduce -12.4%
FNDX Schwab Fndmntl US LRG Co. ETF 0.02% 62,853 $1.5M No change
NHYDY Norsk Hydro As-Spons ADR 0.02% 254,651 $1.5M Reduce -1.0%
MRAAY Murata Manufactur-Unspon ADR 0.02% 189,445 $1.5M Add +3.0%
D Dominion Energy Inc. 0.02% 24,521 $1.4M Add +24.6%
NXPI NXP Semiconductors NV 0.01% 7,038 $1.3M Reduce -27.0%
DLTH Duluth Holdings Inc. Class B 0.01% 762,777 $1.3M No change
AEM Agnico Eagle Mines Ltd. 0.01% 11,914 $1.3M Add +1.8%
WFC Wells Fargo & Co. 0.01% 17,703 $1.3M Reduce -57.4%
UPS United Parcel Service Class B 0.01% 11,522 $1.3M Reduce -84.1%
AIQUY Air Liquide-Unsponsored ADR 0.01% 33,153 $1.3M Reduce -6.8%
SHECY Shin-Etsu Chem-Unspon ADR 0.01% 87,707 $1.3M Add +12.8%
ALL Allstate Corp. 0.01% 5,969 $1.2M No change
LVMUY LVMH Moet Hennessy-Unsp ADR 0.01% 9,871 $1.2M Reduce -6.3%
GMAB Genmab A/S -SP ADR 0.01% 62,363 $1.2M Add +33.0%
SSDOY Shiseido Ltd.-Sponsored ADR 0.01% 64,064 $1.2M Add +39.7%
IWR iShares Russell Mid-Cap ETF 0.01% 14,270 $1.2M Add +165.6%
NJDCY Nidec Corporation-Spon ADR 0.01% 276,986 $1.2M Add +27.1%
SYIEY Symrise AG-Unspon ADR 0.01% 44,356 $1.1M Reduce -4.3%
LSRCY Lasertec Corp. - ADR Unsp 0.01% 62,819 $1.1M Add +34.2%
INTU Intuit Inc. 0.01% 1,737 $1.1M Reduce -79.7%
TGT Target Corp. 0.01% 10,212 $1.1M Reduce -21.1%
WORLDLINE SA UNSPONSORD ADR 0.01% 338,681 $1.0M Add +3.7%
GRMN Garmin Ltd. 0.01% 4,384 $952K No change
MDLZ Mondelez International Inc. Class A 0.01% 13,861 $940K New
IWF iShares Russell 1000 Growth 0.01% 2,440 $881K No change
MA Mastercard Inc. Class A 0.01% 1,537 $842K Reduce -20.5%
KO The Coca-Cola Co. 0.01% 11,528 $826K No change
TRV The Travelers Cos Inc. 0.01% 2,882 $762K Reduce -4.3%
WM Waste Management Inc. 0.01% 3,275 $758K No change
CSCO Cisco Systems Inc. 0.01% 11,797 $728K No change
GD General Dynamics Corp. 0.01% 2,642 $720K No change
VB Vanguard Most SM-Cap ETF-Usd 0.01% 3,106 $689K No change
QLTY GMO U.S. Quality ETF 0.01% 20,887 $653K Add +30.1%
IUSG iShares Core S&P U.S. Growth 0.01% 4,657 $592K Add +81.4%
ET Energy Transfer LP 0.01% 30,500 $567K New
SHV iShares 0-1 Year Treasury Bo 0.01% 4,939 $546K Add +51.9%
GILD Gilead Sciences Inc. 0.01% 4,800 $538K Add +20.0%
MKL Markel Group Inc. 0.01% 285 $534K No change
ACWX iShares MSCI Acwi Ex US ETF 0.01% 9,005 $499K Reduce -77.8%
SCHF Schwab Intl Equity ETF 0.01% 25,140 $497K No change
LUMN Lumen Technologies Inc. 0.01% 124,000 $486K No change
DFS Discover Financial Services 0.01% 2,844 $485K No change
AFL Aflac Inc. 0.01% 4,245 $472K No change
HYG Ishr Ibx Usd Hiyld CB ETF-Ui 0.01% 5,900 $465K No change
QUAL iShares MSCI USA Quality Fac 0.00% 2,561 $438K Reduce -68.6%
AVGO Broadcom Inc. 0.00% 2,548 $427K Add +2.5%
LNT Alliant Energy Corp. 0.00% 6,431 $414K No change
IWB iShares Russell 1000 ETF 0.00% 1,335 $409K Reduce -58.1%
NSRGY Nestle SA-Spons ADR 0.00% 3,896 $394K Reduce -51.4%
IWP iShares Russell Mid-Cap Grow 0.00% 3,078 $362K No change
AWI Armstrong World Industries 0.00% 2,467 $348K Reduce -99.5%
IEFA iShares Core MSCI Eafe ETF 0.00% 4,581 $347K No change
KMX Carmax Inc. 0.00% 4,277 $333K Reduce -57.3%
MBB iShares MBS ETF 0.00% 3,519 $330K No change
AEP American Electric Power 0.00% 2,850 $311K New
AIQ Global X Art Intel & Tech 0.00% 8,173 $297K New
MGEE Mge Energy Inc. 0.00% 3,138 $292K No change
EXP Eagle Materials Inc. 0.00% 1,300 $289K New
AZO AutoZone Inc. 0.00% 72 $275K New
BSX Boston Scientific Corp. 0.00% 2,700 $272K Reduce -8.5%
VWO Vanguard Ftse Emerging Marke 0.00% 5,851 $265K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.00% 1,061 $264K New
IWO iShares Russell 2000 Growth 0.00% 1,032 $264K No change
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.00% 1,017 $263K New
MU Micron Technology Inc. 0.00% 3,000 $261K New
NUE Nucor Corp. 0.00% 2,124 $256K Reduce -1.7%
HALO Halozyme Therapeutics Inc. 0.00% 4,000 $255K New
CMC Commercial Metals Co. 0.00% 5,500 $253K New
TMO Thermo Fisher Scientific Inc. 0.00% 508 $253K Reduce -2.1%
KEX Kirby Corp. 0.00% 2,500 $253K New
C Citigroup Inc. 0.00% 3,500 $248K New
CRH CRH PLC 0.00% 2,800 $246K New
EXE Expand Energy Corp. 0.00% 2,200 $245K New
FDX FedEx Corp. 0.00% 1,000 $244K New
BX Blackstone Inc. 0.00% 1,731 $242K No change
IWM iShares Russell 2000 ETF 0.00% 1,211 $242K No change
J Jacobs Solutions Inc. 0.00% 1,987 $240K Reduce -22.9%
WMT Walmart Inc. 0.00% 2,676 $235K No change
VST Vistra Corp. 0.00% 2,000 $235K New
BMY Bristol-Myers Squibb Co. 0.00% 3,768 $230K No change
GPI Group 1 Automotive Inc. 0.00% 600 $229K New
TFC Truist Financial Corp. 0.00% 5,500 $226K New
CLF Cleveland-Cliffs Inc. 0.00% 27,000 $222K New
RTX RTX Corp. 0.00% 1,615 $214K New
HTH Hilltop Holdings Inc. 0.00% 7,000 $213K New
XEL Xcel Energy Inc. 0.00% 3,000 $212K New
PR Permian Resources Corp. Class A 0.00% 15,000 $208K New
UBER Uber Technologies Inc. 0.00% 2,849 $208K New
ASO Academy Sports & Outdoors Inc. 0.00% 4,500 $205K New
EBAY eBay Inc. 0.00% 3,000 $203K New
CSX CSX Corp. 0.00% 6,888 $203K No change
OKE Oneok Inc. 0.00% 2,033 $202K New
BANC Banc of California Inc. 0.00% 13,000 $184K New
NVGS Navigator Holdings Ltd. 0.00% 10,000 $133K New

Portfolio Sells Q4 2024 → Q1 2025

ANET Arista Networks Inc. Reduce -44.7% 0.58% −0.93
USB US Bancorp Reduce -80.4% 0.19% −0.90
AWI Armstrong World Industries Reduce -99.5% 0.00% −0.84
GOOG Alphabet Inc. Class C Reduce -2.9% 2.29% −0.62
QLTA iShares Aaa - A Rated Corpor Reduce -77.1% 0.09% −0.29
SCHR Schwab Intermediate-Term US Reduce -27.9% 0.46% −0.17
A Agilent Technologies Inc. Reduce -0.7% 0.91% −0.15
TFLO iShares Treasury Floating Ra Reduce -88.5% 0.02% −0.14
IEI iShares 3-7 Year Treasury Bo Reduce -40.1% 0.19% −0.12
SUM Summit Materials Inc. Class A Sold out 0.00% −0.12
SPY SS SPDR S&P 500 ETF Trust-US Reduce -26.9% 0.26% −0.11
CVRD Madison Covered Call ETF Reduce -10.7% 0.52% −0.11
LOW Lowe's Cos Inc. Reduce -2.0% 1.14% −0.11
ABT Abbott Laboratories Reduce -49.1% 0.15% −0.10
KEYS Keysight Technologies Inc. Reduce -1.5% 0.90% −0.09
UPS United Parcel Service Class B Reduce -84.1% 0.01% −0.09
BN Brookfield Corp. Reduce -1.4% 0.70% −0.09
ADI Analog Devices Inc. Reduce -0.7% 1.17% −0.09
ADP Automatic Data Processing Reduce -22.7% 0.33% −0.09
NTRS Northern Trust Corp. Sold out 0.00% −0.08
AAPL Apple Inc. Reduce -2.4% 0.47% −0.08
VGT Vanguard Info Tech ETF Reduce -4.9% 0.36% −0.08
PH Parker Hannifin Corp. Reduce -1.6% 0.83% −0.06
HEZU iShares Currency Hedged MSCI Sold out 0.00% −0.06
CMI Cummins Inc. Reduce -38.3% 0.07% −0.06
UCON First Trust Smith Unconstrai Sold out 0.00% −0.05
INTU Intuit Inc. Reduce -79.7% 0.01% −0.05
MDY State Street SPDR S&P Midcap Reduce -12.4% 0.21% −0.05
HD Home Depot Inc. Reduce -2.9% 0.42% −0.05
JWN Nordstrom Inc. Sold out 0.00% −0.04
IEF iShares 7-10 Year Treasury B Reduce -19.1% 0.18% −0.04
MS Morgan Stanley Reduce -6.8% 0.20% −0.03
IJH iShares Core S&P Midcap ETF Reduce -7.1% 0.21% −0.03
VIG Vanguard Dividend Apprec ETF Reduce -33.0% 0.06% −0.03
CMCSA Comcast Corp. Class A Reduce -9.8% 0.22% −0.03
HEDJ Wisdomtree Europe Hedged Equ Sold out 0.00% −0.03
OSW Onespaworld Holdings Ltd. Reduce -22.2% 0.05% −0.03
APD Air Products & Chemicals Inc. Reduce -18.6% 0.12% −0.03
NEE Nextera Energy Inc. Reduce -2.1% 0.54% −0.02
SPTS SS SPDR P St Term TSY ETF Reduce -16.4% 0.12% −0.02
COST Costco Wholesale Corp. Reduce -7.7% 0.33% −0.02
BAC Bank of America Corp. Reduce -7.2% 0.14% −0.02
WFC Wells Fargo & Co. Reduce -57.4% 0.01% −0.02
WSC Willscot Holdings Corp. Reduce -9.5% 0.05% −0.02
ACWX iShares MSCI Acwi Ex US ETF Reduce -77.8% 0.01% −0.02
HPE Hewlett Packard Enterprise Reduce -6.0% 0.04% −0.02
CIEN Ciena Corp. Reduce -11.7% 0.03% −0.02
CNM Core & Main Inc. Class A Reduce -12.8% 0.08% −0.02
GLW Corning Inc. Sold out 0.00% −0.02
PEP Pepsico Inc. Reduce -2.7% 0.30% −0.02

Portfolio Buys Q4 2024 → Q1 2025

TREX Trex Company Inc. New 1.22% +1.22
KNSL Kinsale Capital Group Inc. New 0.85% +0.85
BRO Brown & Brown Inc. Add +6.2% 2.86% +0.62
ACGL Arch Capital Group Ltd. Add +9.0% 5.18% +0.56
ELV Elevance Health Inc. Add +140.9% 0.72% +0.47
WRB WR Berkley Corp. Add +9.5% 1.46% +0.35
DHR Danaher Corp. Add +61.8% 1.03% +0.31
LBRDK Liberty Broadband-C Add +8.6% 1.69% +0.30
CSL Carlisle Cos Inc. Add +28.2% 1.95% +0.28
FERG Ferguson Enterprises Inc. Add +57.3% 0.84% +0.26
MRSH Marsh & McLennan Cos Add +15.5% 0.86% +0.20
MKSI MKS Inc. Add +52.9% 1.28% +0.18
TDY Teledyne Technologies Inc. Add +9.0% 1.23% +0.17
DLTR Dollar Tree Inc. Add +13.1% 1.43% +0.15
JAAA Janus Henderson Aaa Clo ETF Add +153.8% 0.22% +0.13
SPHY SS SPDR P High Yield ETF Add +111.6% 0.25% +0.13
EXPD Expeditors Intl Wash Inc. Add +10.3% 0.73% +0.11
EZU iShares MSCI Eurozone ETF New 0.10% +0.10
FWONK Liberty Media Corp. Class C Add +14.9% 0.97% +0.09
WAT Waters Corp. Add +9.7% 1.27% +0.09
APH Amphenol Corp. Class A Add +12.1% 1.86% +0.08
JMBS Janus Henderson Mortg Backed Add +7.8% 0.93% +0.08
KBE SS SPDR S&P Bank ETF Add +52.8% 0.23% +0.07
CPRT Copart Inc. Add +5.2% 2.93% +0.07
TMUS T-Mobile US Inc. Add +210.0% 0.09% +0.07
VGK Vanguard Ftse Europe ETF Add +38.5% 0.17% +0.06
SPHQ Invesco S&P 500 Quality ETF Add +8.0% 1.06% +0.06
LH Labcorp Holdings Inc. Add +3.4% 1.44% +0.05
AGG iShares Core U.S. Aggregate Add +23.5% 0.26% +0.05
ADBE Adobe Inc. Add +44.2% 0.25% +0.05
VFH Vanguard Financials ETF Add +186.4% 0.07% +0.04
VCSH Vanguard S/T Corp. Bond ETF Add +70.7% 0.11% +0.04
RLI Rli Corp. Add +234.3% 0.06% +0.04
SCHD Schwab US DVD Equity ETF Add +89.8% 0.08% +0.04
HON Honeywell International Inc. Add +20.0% 0.39% +0.04
AES AES Corp. Add +37.8% 0.15% +0.04
GGG Graco Inc. Add +9.8% 0.46% +0.03
MLPA Global X MLP ETF Add +20.3% 0.13% +0.03
EEMA iShares MSCI Emerg MRKT Asia Add +5.5% 0.38% +0.03
BF.B Brown-Forman Corp. Class B Add +17.1% 0.71% +0.02
TXN Texas Instruments Inc. Add +7.4% 1.32% +0.02
TEL Te Connectivity PLC Add +13.2% 0.21% +0.02
CABGY Carlsberg As-B-Spon ADR New 0.02% +0.02
CDW CDW Corp. Add +11.1% 1.49% +0.02
IJR iShares Core S&P Small-Cap E Add +18.4% 0.25% +0.01
VEU Vanguard Ftse All-World Ex-U Add +4.5% 0.14% +0.01
CCJ Cameco Corp. Add +67.7% 0.05% +0.01
BWIN Baldwin Insurance Group Inc./ Add +14.1% 0.05% +0.01
HLMN Hillman Solutions Corp. Add +116.2% 0.02% +0.01
MDLZ Mondelez International Inc. Class A New 0.01% +0.01

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 347$8.4BACGL, GOOG, APH, ROST, PCAR
Q1 2026 349$8.1BACGL, ROST, PCAR, GOOG, APH
Q4 2025 341$8.7BACGL, ROST, PCAR, GOOG, APH
Q3 2025 336$9.1BACGL, APH, ROST, PCAR, CDW
Q2 2025 338$9.3BACGL, IT, APH, PCAR, CDW
Q1 2025 349$9.0BACGL, CPRT, BRO, PCAR, IT
Q4 2024 335$8.9BACGL, GOOG, PCAR, CPRT, IT
Q3 2024 328$8.9BACGL, IT, PCAR, GOOG, CPRT
Q2 2024 326$8.1BACGL, GOOG, PCAR, CPRT, IT
Q1 2024 330$8.1BACGL, PCAR, GOOG, CPRT, DLTR