Madison Asset Management, LLC

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 11, 2025), Madison Asset Management, LLC reported 338 stock positions worth $9.3 billion. Its top holding was Arch Capital (ACGL) at 4.7% of the portfolio, followed by Gartner (IT, 3.1%) and Amphenol Class A (APH, 2.6%). Compared with Q1 2025, it opened 22 new positions, sold out of 33, added to 101 and reduced 171. The biggest buy was CDW (CDW, shares +58%) and the biggest sale an exit from Dollar Tree (DLTR).

Most Recent 13F
Q2 2026
Location
MADISON, WI
CIK
0001299351
Portfolio Value
$9.3B (Q2 2025)
SEC Filing
0001954889-25-000027 ↗ filed Aug 11, 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 Q1 2025 Q2 2025: $9.3B $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 338 stocks · $9.3B

ACGL Arch Capital Group Ltd. 4.74% 4,825,235 $439.3M Reduce -0.3%
IT Gartner Inc. 3.07% 702,813 $284.1M Add +27.3%
APH Amphenol Corp. Class A 2.64% 2,478,319 $244.7M Reduce -2.7%
PCAR Paccar Inc. 2.58% 2,517,149 $239.3M Reduce -2.0%
CDW CDW Corp. 2.55% 1,324,521 $236.5M Add +58.3%
BRO Brown & Brown Inc. 2.45% 2,042,286 $226.4M Reduce -0.9%
CPRT Copart Inc. 2.43% 4,590,422 $225.3M Reduce -1.3%
ROST Ross Stores Inc. 2.29% 1,659,087 $211.7M Add +3.2%
CSL Carlisle Cos Inc. 2.08% 516,436 $192.8M Add +0.3%
LBRDK Liberty Broadband-C 1.88% 1,768,132 $173.9M Reduce -0.8%
GOOG Alphabet Inc. Class C 1.81% 943,146 $167.3M Reduce -28.2%
AMZN Amazon.com Inc. 1.77% 746,067 $163.7M Reduce -1.6%
TXN Texas Instruments Inc. 1.71% 763,621 $158.5M Add +15.9%
LH Labcorp Holdings Inc. 1.62% 570,807 $149.8M Add +2.5%
MKSI MKS Inc. 1.57% 1,463,683 $145.4M Add +2.5%
WRB WR Berkley Corp. filed as BERKLEY W R CORP 1.47% 1,853,872 $136.2M Add +0.6%
V Visa Inc. Class A 1.38% 360,027 $127.8M Reduce -1.4%
ANET Arista Networks Inc. 1.35% 1,222,347 $125.1M Add +82.8%
FND Floor & Decor Holdings Inc. Class A 1.34% 1,627,820 $123.6M Add +53.1%
TDY Teledyne Technologies Inc. 1.25% 225,111 $115.3M Add +1.2%
DHR Danaher Corp. 1.23% 574,252 $113.4M Add +27.0%
MCHP Microchip Technology Inc. 1.22% 1,608,160 $113.2M Add +1.8%
PGR Progressive Corp. 1.19% 412,608 $110.1M Reduce -2.9%
WAT Waters Corp. 1.18% 312,259 $109.0M Add +0.9%
BAM Brookfield Asset Mgmt-A 1.15% 1,926,784 $106.5M Add +1.3%
FWONK Liberty Media Corp. Class C 1.11% 985,188 $103.0M Add +1.4%
FISV Fiserv Inc. 1.11% 595,345 $102.6M Reduce -6.0%
TREX Trex Company Inc. 1.10% 1,871,054 $101.7M Reduce -1.0%
SPHQ Invesco S&P 500 Quality ETF 1.08% 1,407,188 $100.3M Reduce -1.4%
FERG Ferguson Enterprises Inc. 1.08% 460,220 $100.2M Reduce -2.7%
THO Thor Industries Inc. 1.07% 1,113,378 $98.9M Add +4.5%
ADI Analog Devices Inc. 1.04% 406,066 $96.7M Reduce -22.1%
LAD Lithia Motors Inc. 1.04% 284,804 $96.2M Add +1.6%
LOW Lowe's Cos Inc. 1.03% 431,683 $95.8M Reduce -1.8%
MEDP Medpace Holdings Inc. 1.01% 297,048 $93.2M Add +2967.7%
ACN Accenture PLC Class A 0.98% 303,237 $90.6M Reduce -0.9%
ABG Asbury Automotive Group 0.98% 378,519 $90.3M Add +1.4%
KEYS Keysight Technologies Inc. 0.94% 531,069 $87.0M Reduce -1.8%
PH Parker Hannifin Corp. 0.91% 120,401 $84.1M Reduce -2.2%
MC Moelis & Co. Class A 0.87% 1,295,284 $80.7M Add +2.5%
KNSL Kinsale Capital Group Inc. 0.86% 163,974 $79.3M Add +4.7%
A Agilent Technologies Inc. 0.85% 667,908 $78.8M Reduce -4.0%
JMBS Janus Henderson Mortg Backed 0.84% 1,726,547 $77.8M Reduce -6.6%
SCHW Schwab (charles) Corp. 0.83% 841,082 $76.7M Reduce -12.2%
ALC Alcon Inc. filed as ALCON AG 0.83% 867,101 $76.5M Reduce -5.3%
MSFT Microsoft Corp. 0.82% 152,923 $76.1M Reduce -6.0%
BN Brookfield Corp. 0.78% 1,169,057 $72.3M Reduce -2.2%
MRSH Marsh & McLennan Cos 0.74% 312,379 $68.3M Reduce -0.8%
MSTI Madison SHRT TRM STR Inc. ETF 0.69% 3,083,424 $63.6M Add +0.5%
EXPD Expeditors Intl Wash Inc. 0.68% 553,722 $63.3M Add +1.0%
DSTL Distillate US Fundamental St 0.67% 1,115,963 $61.8M Reduce -17.1%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.66% 495,974 $61.2M Reduce -2.2%
MAGG Madison Aggregate Bond ETF 0.62% 2,811,220 $57.3M Add +0.5%
ELV Elevance Health Inc. 0.60% 143,353 $55.8M Reduce -4.2%
DIVL Madison Dividend Value ETF 0.60% 2,503,742 $55.5M Add +0.8%
DE Deere & Co. 0.60% 108,503 $55.2M Reduce -5.6%
CFR Cullen/Frost Bankers Inc. 0.53% 381,179 $49.0M Add +1.2%
NEE Nextera Energy Inc. 0.52% 688,473 $47.8M Add +0.1%
GBCI Glacier Bancorp Inc. 0.49% 1,055,415 $45.5M Add +1.3%
SBUX Starbucks Corp. 0.48% 488,092 $44.7M Reduce -3.9%
LLY Eli Lilly & Co. 0.47% 55,688 $43.4M Add +12.5%
GGG Graco Inc. 0.47% 504,339 $43.4M Add +1.4%
FWONA Liberty Media Corp. Class A 0.47% 454,863 $43.2M No change
CVRD Madison Covered Call ETF 0.46% 2,298,594 $42.7M Reduce -13.8%
JPM JPMorgan Chase & Co. 0.45% 143,220 $41.5M Reduce -6.8%
ORCL Oracle Corp. 0.45% 189,697 $41.5M Add +2.1%
VGT Vanguard Info Tech ETF 0.42% 58,846 $39.0M Reduce -0.8%
BLK BlackRock Inc. 0.42% 37,146 $39.0M Reduce -6.0%
AAPL Apple Inc. 0.41% 185,412 $38.0M Reduce -2.1%
HD Home Depot Inc. 0.39% 97,549 $35.8M Reduce -6.3%
ABNB Airbnb Inc. Class A 0.37% 259,096 $34.3M New
HON Honeywell International Inc. 0.37% 146,526 $34.1M Reduce -10.7%
AMT American Tower Corp. 0.35% 147,007 $32.5M Reduce -7.5%
EEMA iShares MSCI Emerg MRKT Asia 0.33% 373,592 $30.8M Reduce -19.6%
SCHR Schwab Intermediate-Term US 0.33% 1,207,518 $30.2M Reduce -27.7%
SPY SS SPDR S&P 500 ETF Trust-US 0.33% 48,909 $30.2M Add +19.5%
NKE Nike Inc. Class B 0.32% 416,597 $29.6M Reduce -8.2%
JNJ Johnson & Johnson 0.31% 186,461 $28.5M Reduce -4.3%
COST Costco Wholesale Corp. 0.30% 27,932 $27.7M Reduce -9.8%
SPHY SS SPDR P High Yield ETF 0.30% 1,151,255 $27.4M Add +21.9%
TEL Te Connectivity PLC 0.29% 157,639 $26.6M Add +19.2%
ADP Automatic Data Processing 0.27% 82,348 $25.4M Reduce -16.0%
VEU Vanguard Ftse All-World Ex-U 0.27% 375,448 $25.2M Add +80.3%
AGG iShares Core U.S. Aggregate 0.26% 242,014 $24.0M Add +2.1%
MDT Medtronic PLC 0.25% 262,800 $22.9M Reduce -28.7%
ADBE Adobe Inc. 0.24% 58,122 $22.5M Reduce -1.7%
CME Cme Group Inc. 0.23% 76,980 $21.2M Reduce -14.7%
VGK Vanguard Ftse Europe ETF 0.23% 269,918 $20.9M Add +24.2%
PEP Pepsico Inc. 0.22% 157,263 $20.8M Reduce -11.3%
MS Morgan Stanley 0.22% 146,288 $20.6M Reduce -5.8%
COP Conocophillips 0.22% 228,467 $20.5M Reduce -6.6%
KBE SS SPDR S&P Bank ETF 0.22% 361,338 $20.1M Reduce -9.2%
LIN Linde PLC 0.22% 42,769 $20.1M Add +12.9%
EZU iShares MSCI Eurozone ETF 0.21% 331,826 $19.7M Add +92.2%
IQLT iShares MSCI International Q 0.21% 441,348 $19.1M Add +9.2%
IJR iShares Core S&P Small-Cap E 0.20% 173,020 $18.9M Reduce -19.4%
BRK.B Berkshire Hathaway Inc. Class B 0.20% 38,756 $18.8M Reduce -84.0%
CVX Chevron Corp. 0.20% 126,708 $18.1M Reduce -3.3%
IJH iShares Core S&P Midcap ETF 0.19% 288,286 $17.9M Reduce -9.7%
CMCSA Comcast Corp. Class A 0.19% 489,973 $17.5M Reduce -9.4%
ASML ASML Holding NV-NY Reg SHS 0.18% 21,086 $16.9M Reduce -2.5%
MDY State Street SPDR S&P Midcap 0.18% 29,164 $16.5M Reduce -16.4%
ROK Rockwell Automation Inc. 0.18% 48,925 $16.3M Reduce -6.8%
IEF iShares 7-10 Year Treasury B 0.18% 169,521 $16.2M Reduce -2.6%
ECL Ecolab Inc. 0.17% 59,269 $16.0M Add +17.5%
QCOM Qualcomm Inc. 0.17% 99,105 $15.8M Add +8.7%
IGIB iShares 5-10Y Inv Grade Corp. 0.17% 294,042 $15.7M New
XOM Exxon Mobil Corp. 0.17% 144,524 $15.6M Reduce -8.7%
UNP Union Pacific Corp. 0.17% 67,659 $15.6M Reduce -27.1%
FAST Fastenal Co. 0.17% 368,792 $15.5M Reduce -10.7%
SPTL SS SPDR PF LNG TRM TSY E-Usd 0.16% 558,914 $14.9M Add +187.5%
LVS Las Vegas Sands Corp. 0.16% 339,900 $14.8M Reduce -13.4%
HSY The Hershey Co. 0.16% 88,660 $14.7M Reduce -6.2%
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.15% 49,514 $14.1M Add +1.8%
EOG EOG Resources Inc. 0.15% 114,844 $13.7M Reduce -14.7%
B Barrick Mining Corp. 0.14% 629,500 $13.1M No change
ABBV Abbvie Inc. 0.14% 70,192 $13.0M Reduce -11.4%
FLJP Franklin Ftse Japan ETF 0.14% 396,238 $12.7M Reduce -41.0%
EFX Equifax Inc. 0.14% 49,009 $12.7M Add +8.2%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.13% 262,808 $12.4M Reduce -10.9%
USB US Bancorp 0.13% 263,423 $11.9M Reduce -33.4%
ABT Abbott Laboratories 0.13% 87,436 $11.9M Reduce -11.8%
XLE SS Energy Select Sector 0.13% 138,508 $11.7M Add +4.5%
PYPL PayPal Holdings Inc. 0.13% 157,300 $11.7M No change
AES AES Corp. 0.12% 1,093,000 $11.5M No change
SPTI SS SPDR P Int Term TSY ETF 0.12% 395,287 $11.4M New
XSHQ Invesco S&P Smallcap Quality 0.12% 269,057 $11.0M Add +5.4%
MLPA Global X MLP ETF 0.12% 217,710 $10.9M No change
MTDR Matador Resources Co. 0.11% 221,000 $10.5M No change
TMUS T-Mobile US Inc. 0.11% 42,700 $10.2M Add +37.7%
PG The Procter & Gamble Co. 0.11% 63,633 $10.1M Add +12.1%
SCHD Schwab US DVD Equity ETF 0.11% 374,351 $9.9M Add +38.4%
VCSH Vanguard S/T Corp. Bond ETF 0.10% 120,148 $9.6M Reduce -1.7%
SPTS SS SPDR P St Term TSY ETF 0.10% 319,537 $9.4M Reduce -9.9%
EHC Encompass Health Corp. 0.10% 72,799 $8.9M Reduce -12.3%
JAAA Janus Henderson Aaa Clo ETF 0.10% 175,548 $8.9M Reduce -54.4%
CVS CVS Health Corp. 0.09% 126,650 $8.7M Reduce -8.8%
APD Air Products & Chemicals Inc. 0.09% 30,617 $8.6M Reduce -13.4%
ADM Archer-Daniels-Midland Co. 0.09% 162,900 $8.6M No change
AMD Advanced Micro Devices 0.09% 58,687 $8.3M No change
QLTA iShares Aaa - A Rated Corpor 0.09% 170,455 $8.2M Add +3.7%
MCD McDonald's Corp. 0.09% 27,865 $8.1M Reduce -12.6%
PAYX Paychex Inc. 0.09% 54,636 $7.9M Reduce -11.4%
UNH Unitedhealth Group Inc. 0.09% 25,309 $7.9M Reduce -32.2%
CL Colgate-Palmolive Co. 0.08% 85,507 $7.8M Reduce -10.4%
CAT Caterpillar Inc. 0.08% 20,008 $7.8M Reduce -9.8%
RIG Transocean Ltd. 0.08% 2,975,000 $7.7M No change
RLI Rli Corp. 0.08% 106,132 $7.7M Add +55.5%
CNM Core & Main Inc. Class A 0.08% 125,538 $7.6M Reduce -10.1%
SMG Scotts Miracle-Gro Co. 0.08% 111,763 $7.4M Add +0.3%
VFH Vanguard Financials ETF 0.07% 52,625 $6.7M Add +1.7%
STZ Constellation Brands Inc. Class A 0.07% 40,900 $6.7M Reduce -5.8%
AXS Axis Capital Holdings Ltd. 0.07% 61,805 $6.4M Add +0.3%
HQY Healthequity Inc. 0.07% 60,661 $6.4M Reduce -12.6%
VRTX Vertex Pharmaceuticals Inc. 0.07% 14,192 $6.3M Reduce -1.4%
APA Apa Corp. 0.07% 338,700 $6.2M No change
SHAK Shake Shack Inc. Class A 0.07% 43,008 $6.0M Reduce -16.1%
HAYW Hayward Holdings Inc. 0.06% 420,901 $5.8M Add +28.9%
WSC Willscot Holdings Corp. 0.06% 211,050 $5.8M Add +23.0%
POWI Power Integrations Inc. 0.06% 103,075 $5.8M Add +0.3%
OSW Onespaworld Holdings Ltd. 0.06% 275,021 $5.6M Add +0.4%
BOX Box Inc. Class A 0.06% 161,748 $5.5M Reduce -15.7%
CMI Cummins Inc. 0.06% 16,562 $5.4M Reduce -13.6%
BWIN Baldwin Insurance Group Inc./ filed as THE BALDWIN INSURANCE GRP IN 0.06% 125,782 $5.4M Add +35.2%
SMPL The Simply Good Foods Co. 0.06% 168,700 $5.3M Reduce -7.7%
OPCH Option Care Health Inc. 0.06% 162,527 $5.3M Reduce -7.8%
CCJ Cameco Corp. 0.06% 69,441 $5.2M Reduce -32.1%
FORM Formfactor Inc. 0.06% 149,482 $5.1M Add +0.3%
GMED Globus Medical Inc. Class A 0.05% 85,721 $5.1M Add +60.5%
VOO Vanguard S&P 500 ETF 0.05% 8,858 $5.0M New
PRMB Primo Brands Corp. 0.05% 168,976 $5.0M Add +0.1%
PFE Pfizer Inc. 0.05% 201,486 $4.9M No change
DRS Leonardo DRS Inc. 0.05% 104,782 $4.9M Reduce -9.8%
SPYM Ste STR SPDR PT S&P 500 ETF 0.05% 63,900 $4.6M Reduce -1.4%
ENTG Entegris Inc. 0.05% 56,086 $4.5M Add +22.1%
IVV iShares Core S&P 500 ETF 0.05% 7,236 $4.5M Add +0.3%
CCOI Cogent Communications Holdin 0.05% 92,256 $4.4M Add +13.5%
HPE Hewlett Packard Enterprise 0.05% 217,000 $4.4M Add +2.4%
TCBI Texas Capital Bancshares Inc. 0.05% 55,721 $4.4M Add +0.3%
IEI iShares 3-7 Year Treasury Bo 0.05% 36,782 $4.4M Reduce -74.4%
WK Workiva Inc. 0.05% 63,739 $4.4M Add +9.4%
ITW Illinois Tool Works 0.05% 17,171 $4.2M Reduce -6.6%
CFLT Confluent Inc. Class A 0.05% 169,579 $4.2M Add +0.3%
CR Crane Co. 0.05% 22,136 $4.2M Reduce -12.7%
CVLT Commvault Systems Inc. 0.04% 23,773 $4.1M Add +0.3%
TSM Taiwan Semiconductor-SP ADR 0.04% 18,180 $4.1M Reduce -10.2%
FCX Freeport-McMoran Inc. 0.04% 89,243 $3.9M Reduce -5.7%
NVDA Nvidia Corp. 0.04% 24,364 $3.8M Add +0.9%
KN Knowles Corp. 0.04% 218,213 $3.8M Add +18.5%
HDB HDFC Bank Ltd.-ADR 0.04% 48,447 $3.7M Reduce -19.0%
VUG Vanguard Mrngstar GR ETF-Sui 0.04% 8,451 $3.7M Add +5.2%
WAL Western Alliance Bancorp 0.04% 47,200 $3.7M Add +0.3%
GWW WW Grainger Inc. filed as GRAINGER W W INC 0.04% 3,461 $3.6M Reduce -4.6%
EADSY Airbus SE - Unsp ADR 0.04% 67,643 $3.5M Reduce -1.1%
OLLI Ollie's Bargain Outlet Holdi 0.04% 26,652 $3.5M Add +0.3%
CIEN Ciena Corp. 0.04% 41,543 $3.4M Add +1.1%
REGN Regeneron Pharmaceuticals 0.04% 6,401 $3.4M Reduce -0.3%
BABA Alibaba Group Holding-SP ADR 0.04% 29,233 $3.3M Reduce -21.1%
AZN Astrazeneca PLC-Spons ADR 0.04% 47,087 $3.3M Reduce -1.6%
AAGIY Aia Group Ltd.-SP ADR 0.03% 86,139 $3.1M Add +8.9%
PNGAY Ping An Insurance-ADR 0.03% 238,442 $3.1M Reduce -0.8%
WMMVY Walmart DE Mexico-Spon ADR V 0.03% 90,713 $3.0M Reduce -20.1%
THG Hanover Insurance Group Inc./ 0.03% 17,786 $3.0M New
KRYAY Kerry Group PLC-Spons ADR 0.03% 27,245 $3.0M Reduce -0.9%
META Meta Platforms Inc. Class A 0.03% 3,902 $2.9M Add +26.9%
DQJCY Pan Pacific Intern-Unsp ADR 0.03% 83,286 $2.9M Reduce -0.8%
SONY Sony Group Corp. - SP ADR 0.03% 107,427 $2.8M Reduce -1.0%
VFC VF Corp. 0.03% 235,218 $2.8M Add +61.1%
GOOGL Alphabet Inc. Class A 0.03% 15,653 $2.8M Reduce -1.5%
DTEGY Deutsche Telekom AG-Spon ADR 0.03% 74,932 $2.7M Reduce -10.1%
EPC Edgewell Personal Care Co. 0.03% 114,038 $2.7M Add +0.3%
WMS Advanced Drainage Systems Inc. 0.03% 23,125 $2.7M New
SPMD SS SPDR P S&P 400 Midcap ETF 0.03% 48,524 $2.6M No change
RVLV Revolve Group Inc. Class A 0.03% 129,092 $2.6M Add +0.3%
KIGRY Kion Group AG-Unsp ADR 0.03% 184,378 $2.6M Reduce -14.4%
PUK Prudential PLC-ADR 0.03% 101,849 $2.5M Reduce -22.0%
ITUB Itau Unibanco H-Spon PRF ADR 0.03% 372,210 $2.5M Add +0.1%
CYBR Cyberark Software Ltd./Israel 0.03% 5,995 $2.4M Reduce -13.3%
MWA Mueller Water Products Inc. Class A 0.03% 101,191 $2.4M Add +0.3%
CXT Crane NXT Co. 0.03% 44,966 $2.4M Reduce -21.6%
CHRD Chord Energy Corp. 0.03% 24,772 $2.4M Reduce -32.9%
AVGO Broadcom Inc. 0.03% 8,599 $2.4M Add +237.5%
VIG Vanguard Dividend Apprec ETF 0.03% 11,557 $2.4M Reduce -60.9%
TRYIY Toray Industries-Unspon ADR 0.02% 164,948 $2.2M Reduce -0.8%
DSNKY Daiichi Sankyo Co.-Spon ADR 0.02% 95,724 $2.2M Add +11.3%
TCEHY Tencent Holdings Ltd.-Uns ADR 0.02% 34,191 $2.2M Reduce -25.2%
MUFG Mitsubishi Ufj Finl-Spon ADR 0.02% 160,707 $2.2M Reduce -0.8%
SIEGY Siemens AG-Spons ADR 0.02% 16,971 $2.2M Reduce -0.8%
ADDYY Adidas AG-Sponsored ADR 0.02% 18,332 $2.1M Reduce -1.9%
FLXR TCW Flexible Income ETF 0.02% 54,184 $2.1M New
SDY SS SPDR S&P Dividend ETF 0.02% 15,613 $2.1M Reduce -1.1%
CP Canadian Pacific Kansas City 0.02% 26,545 $2.1M Reduce -12.2%
PKW Invesco Buyback Achievers Et 0.02% 16,969 $2.1M Reduce -3.4%
BBJP JPMorgan Betabuilders Japan 0.02% 33,707 $2.1M Reduce -21.5%
AMGN Amgen Inc. 0.02% 7,400 $2.1M Reduce -0.1%
HUM Humana Inc. 0.02% 8,445 $2.1M Add +2.7%
MRK Merck & Co. Inc. 0.02% 25,983 $2.1M Reduce -3.7%
CTS CTS Corp. 0.02% 47,782 $2.0M Reduce -32.8%
SPGI S&P Global Inc. 0.02% 3,819 $2.0M Reduce -4.2%
INFY Infosys Ltd.-SP ADR 0.02% 107,806 $2.0M Reduce -12.3%
VFLO Victoryshares Free Cash Flow 0.02% 56,236 $2.0M Add +19.1%
SCCO Southern Copper Corp. 0.02% 19,613 $2.0M Reduce -0.2%
DSMC Distillate S/M Cash Flow ETF 0.02% 60,096 $2.0M Reduce -6.8%
OLN Olin Corp. 0.02% 97,071 $2.0M Add +0.3%
LZAGY Lonza Group AG-Unspon ADR 0.02% 27,272 $1.9M Reduce -26.0%
IRM Iron Mountain Inc. filed as IRON MTN INC DEL 0.02% 18,531 $1.9M No change
SXYAY Sika AG-ADR 0.02% 68,941 $1.9M Reduce -0.5%
TSRYY Treasury Wine Estates-ADR 0.02% 368,369 $1.9M Add +34.8%
SAP Sap SE-Sponsored ADR 0.02% 5,850 $1.8M Reduce -34.3%
DGX Quest Diagnostics Inc. 0.02% 9,842 $1.8M Reduce -1.8%
ATEYY Advantest Corp.- Spon ADR 0.02% 23,647 $1.7M New
FMX Fomento Economico Mex-SP ADR 0.02% 16,729 $1.7M Reduce -25.0%
WIZEY Wise PLC - Spon ADR 0.02% 116,899 $1.7M New
NXPI NXP Semiconductors NV 0.02% 7,785 $1.7M Add +10.6%
LSRCY Lasertec Corp. - ADR Unsp 0.02% 63,080 $1.7M Add +0.4%
CABGY Carlsberg As-B-Spon ADR 0.02% 58,273 $1.7M Reduce -14.3%
DLTH Duluth Holdings Inc. Class B 0.02% 762,777 $1.6M No change
MDLZ Mondelez International Inc. Class A 0.02% 22,927 $1.5M Add +65.4%
MOS The Mosaic Co. 0.02% 41,720 $1.5M New
FNDX Schwab Fndmntl US LRG Co. ETF 0.02% 60,771 $1.5M Reduce -3.3%
NHYDY Norsk Hydro As-Spons ADR 0.02% 252,660 $1.4M Reduce -0.8%
SHECY Shin-Etsu Chem-Unspon ADR 0.02% 87,149 $1.4M Reduce -0.6%
MRAAY Murata Manufactur-Unspon ADR 0.02% 190,162 $1.4M Add +0.4%
AEM Agnico Eagle Mines Ltd. 0.01% 11,700 $1.4M Reduce -1.8%
SYIEY Symrise AG-Unspon ADR 0.01% 52,727 $1.4M Add +18.9%
MFC Manulife Financial Corp. 0.01% 42,569 $1.4M Reduce -12.9%
PRDSY Prada S.P.A.-Unsp ADR 0.01% 109,850 $1.4M New
AIQUY Air Liquide-Unsponsored ADR 0.01% 32,823 $1.4M Reduce -1.0%
NJDCY Nidec Corporation-Spon ADR 0.01% 277,870 $1.4M Add +0.3%
SHEL Shell PLC-ADR 0.01% 19,180 $1.4M Reduce -21.0%
INTU Intuit Inc. 0.01% 1,690 $1.3M Reduce -2.7%
RACE Ferrari NV 0.01% 2,700 $1.3M Reduce -29.3%
GMAB Genmab A/S -SP ADR 0.01% 62,930 $1.3M Add +0.9%
ALL Allstate Corp. 0.01% 5,969 $1.2M No change
SAIA Saia Inc. 0.01% 4,236 $1.2M Reduce -50.5%
UPS United Parcel Service Class B 0.01% 10,939 $1.1M Reduce -5.1%
HESAY Hermes Intl-Unsponsored ADR 0.01% 3,987 $1.1M New
ATI Ati Inc. 0.01% 12,500 $1.1M New
WFC Wells Fargo & Co. 0.01% 13,295 $1.1M Reduce -24.9%
IWF iShares Russell 1000 Growth 0.01% 2,440 $1.0M No change
LVMUY LVMH Moet Hennessy-Unsp ADR 0.01% 9,836 $1.0M Reduce -0.3%
GRMN Garmin Ltd. 0.01% 4,384 $915K No change
MA Mastercard Inc. Class A 0.01% 1,537 $864K No change
GMS GMS Inc. 0.01% 7,720 $840K New
CSCO Cisco Systems Inc. 0.01% 11,797 $818K No change
KO The Coca-Cola Co. 0.01% 11,528 $816K No change
GD General Dynamics Corp. 0.01% 2,630 $767K Reduce -0.5%
TRV The Travelers Cos Inc. 0.01% 2,840 $760K Reduce -1.5%
WM Waste Management Inc. 0.01% 3,275 $749K No change
VB Vanguard Most SM-Cap ETF-Usd 0.01% 3,106 $736K No change
QLTY GMO U.S. Quality ETF 0.01% 20,389 $699K Reduce -2.4%
SHV iShares 0-1 Year Treasury Bo 0.01% 6,170 $681K Add +24.9%
TGT Target Corp. 0.01% 6,782 $669K Reduce -33.6%
IWR iShares Russell Mid-Cap ETF 0.01% 7,194 $662K Reduce -49.6%
IUSG iShares Core S&P U.S. Growth 0.01% 4,244 $638K Reduce -8.9%
COF Capital One Financial Corp. 0.01% 2,897 $616K New
IEFA iShares Core MSCI Eafe ETF 0.01% 7,253 $605K Add +58.3%
VICI Vici Properties Inc. filed as VICI PPTYS INC 0.01% 18,447 $601K New
MKL Markel Group Inc. 0.01% 285 $570K No change
SCHF Schwab Intl Equity ETF 0.01% 25,140 $556K No change
LUMN Lumen Technologies Inc. 0.01% 124,000 $543K No change
IWB iShares Russell 1000 ETF 0.01% 1,551 $527K Add +16.2%
BA The Boeing Co. 0.01% 2,350 $492K New
GILD Gilead Sciences Inc. 0.00% 4,000 $443K Reduce -16.7%
AFL Aflac Inc. 0.00% 4,084 $431K Reduce -3.8%
IWP iShares Russell Mid-Cap Grow 0.00% 3,078 $427K No change
QUAL iShares MSCI USA Quality Fac 0.00% 2,309 $422K Reduce -9.8%
LNT Alliant Energy Corp. 0.00% 6,431 $389K No change
NSRGY Nestle SA-Spons ADR 0.00% 3,896 $387K No change
TFLO iShares Treasury Floating Ra 0.00% 7,547 $382K Reduce -77.0%
MU Micron Technology Inc. 0.00% 3,000 $370K No change
AIQ Global X Art Intel & Tech 0.00% 8,173 $357K No change
PM Philip Morris International 0.00% 1,923 $350K New
MBB iShares MBS ETF 0.00% 3,519 $330K No change
IWO iShares Russell 2000 Growth 0.00% 1,032 $295K No change
BSX Boston Scientific Corp. 0.00% 2,700 $290K No change
VWO Vanguard Ftse Emerging Marke 0.00% 5,851 $289K No change
MGEE Mge Energy Inc. 0.00% 3,138 $278K No change
WMT Walmart Inc. 0.00% 2,676 $262K No change
IWM iShares Russell 2000 ETF 0.00% 1,211 $261K No change
GT Goodyear Tire & Rubber Co. 0.00% 25,000 $259K New
BX Blackstone Inc. 0.00% 1,721 $257K Reduce -0.6%
CRH CRH PLC 0.00% 2,800 $257K No change
KMX Carmax Inc. 0.00% 3,771 $253K Reduce -11.8%
J Jacobs Solutions Inc. 0.00% 1,886 $248K Reduce -5.1%
NUE Nucor Corp. 0.00% 1,839 $238K Reduce -13.4%
TFC Truist Financial Corp. 0.00% 5,500 $236K No change
RTX RTX Corp. 0.00% 1,615 $236K No change
FDX FedEx Corp. 0.00% 1,000 $227K No change
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.00% 811 $227K Reduce -20.3%
IBIT iShares Bitcoin Trust ETF 0.00% 3,675 $225K New
CSX CSX Corp. 0.00% 6,888 $225K No change
QQQ Invesco QQQ Trust Series 1 0.00% 398 $220K New
AWI Armstrong World Industries 0.00% 1,304 $212K Reduce -47.1%
AMAT Applied Materials Inc. 0.00% 1,147 $210K New
ASO Academy Sports & Outdoors Inc. 0.00% 4,500 $202K No change
BANC Banc of California Inc. 0.00% 13,000 $183K No change
CLF Cleveland-Cliffs Inc. 0.00% 17,100 $130K Reduce -36.7%

Portfolio Sells Q1 2025 → Q2 2025

DLTR Dollar Tree Inc. Sold out 0.00% −1.43
BRK.B Berkshire Hathaway Inc. Class B Reduce -84.0% 0.20% −1.23
BF.B Brown-Forman Corp. Class B Sold out 0.00% −0.71
CPRT Copart Inc. Reduce -1.3% 2.43% −0.50
GOOG Alphabet Inc. Class C Reduce -28.2% 1.81% −0.48
FISV Fiserv Inc. Reduce -6.0% 1.11% −0.45
ACGL Arch Capital Group Ltd. Reduce -0.3% 4.74% −0.44
BRO Brown & Brown Inc. Reduce -0.9% 2.45% −0.41
PCAR Paccar Inc. Reduce -2.0% 2.58% −0.20
PGR Progressive Corp. Reduce -2.9% 1.19% −0.15
DSTL Distillate US Fundamental St Reduce -17.1% 0.67% −0.15
IEI iShares 3-7 Year Treasury Bo Reduce -74.4% 0.05% −0.14
ALC Alcon Inc. Reduce -5.3% 0.83% −0.14
SCHR Schwab Intermediate-Term US Reduce -27.7% 0.33% −0.14
UNH Unitedhealth Group Inc. Reduce -32.2% 0.09% −0.13
ADI Analog Devices Inc. Reduce -22.1% 1.04% −0.13
TREX Trex Company Inc. Reduce -1.0% 1.10% −0.13
ELV Elevance Health Inc. Reduce -4.2% 0.60% −0.12
MDT Medtronic PLC Reduce -28.7% 0.25% −0.12
JAAA Janus Henderson Aaa Clo ETF Reduce -54.4% 0.10% −0.12
MRSH Marsh & McLennan Cos Reduce -0.8% 0.74% −0.12
LOW Lowe's Cos Inc. Reduce -1.8% 1.03% −0.11
JMBS Janus Henderson Mortg Backed Reduce -6.6% 0.84% −0.09
ACN Accenture PLC Class A Reduce -0.9% 0.98% −0.08
FLJP Franklin Ftse Japan ETF Reduce -41.0% 0.14% −0.08
UNP Union Pacific Corp. Reduce -27.1% 0.17% −0.08
SBUX Starbucks Corp. Reduce -3.9% 0.48% −0.07
PEP Pepsico Inc. Reduce -11.3% 0.22% −0.07
COP Conocophillips Reduce -6.6% 0.22% −0.06
CVRD Madison Covered Call ETF Reduce -13.8% 0.46% −0.06
ADP Automatic Data Processing Reduce -16.0% 0.27% −0.06
AAPL Apple Inc. Reduce -2.1% 0.41% −0.06
USB US Bancorp Reduce -33.4% 0.13% −0.06
A Agilent Technologies Inc. Reduce -4.0% 0.85% −0.06
JNJ Johnson & Johnson Reduce -4.3% 0.31% −0.05
EEMA iShares MSCI Emerg MRKT Asia Reduce -19.6% 0.33% −0.05
CVX Chevron Corp. Reduce -3.3% 0.20% −0.05
IJR iShares Core S&P Small-Cap E Reduce -19.4% 0.20% −0.05
V Visa Inc. Class A Reduce -1.4% 1.38% −0.04
ABBV Abbvie Inc. Reduce -11.4% 0.14% −0.04
EOG EOG Resources Inc. Reduce -14.7% 0.15% −0.04
XOM Exxon Mobil Corp. Reduce -8.7% 0.17% −0.04
HD Home Depot Inc. Reduce -6.3% 0.39% −0.04
VIG Vanguard Dividend Apprec ETF Reduce -60.9% 0.03% −0.04
CME Cme Group Inc. Reduce -14.7% 0.23% −0.04
AMT American Tower Corp. Reduce -7.5% 0.35% −0.03
CMCSA Comcast Corp. Class A Reduce -9.4% 0.19% −0.03
MDY State Street SPDR S&P Midcap Reduce -16.4% 0.18% −0.03
COST Costco Wholesale Corp. Reduce -9.8% 0.30% −0.03
TJX TJX Companies Inc. Reduce -2.2% 0.66% −0.03

Portfolio Buys Q1 2025 → Q2 2025

CDW CDW Corp. Add +58.3% 2.55% +1.06
MEDP Medpace Holdings Inc. Add +2967.7% 1.01% +0.97
ANET Arista Networks Inc. Add +82.8% 1.35% +0.77
IT Gartner Inc. Add +27.3% 3.07% +0.49
TXN Texas Instruments Inc. Add +15.9% 1.71% +0.39
FND Floor & Decor Holdings Inc. Class A Add +53.1% 1.34% +0.38
ABNB Airbnb Inc. Class A New 0.37% +0.37
MCHP Microchip Technology Inc. Add +1.8% 1.22% +0.37
MKSI MKS Inc. Add +2.5% 1.57% +0.30
DHR Danaher Corp. Add +27.0% 1.23% +0.19
LH Labcorp Holdings Inc. Add +2.5% 1.62% +0.17
IGIB iShares 5-10Y Inv Grade Corp. New 0.17% +0.17
THO Thor Industries Inc. Add +4.5% 1.07% +0.17
ORCL Oracle Corp. Add +2.1% 0.45% +0.16
FWONK Liberty Media Corp. Class C Add +1.4% 1.11% +0.14
VEU Vanguard Ftse All-World Ex-U Add +80.3% 0.27% +0.13
CSL Carlisle Cos Inc. Add +0.3% 2.08% +0.13
BAM Brookfield Asset Mgmt-A Add +1.3% 1.15% +0.12
SPTI SS SPDR P Int Term TSY ETF New 0.12% +0.12
LAD Lithia Motors Inc. Add +1.6% 1.04% +0.12
EZU iShares MSCI Eurozone ETF Add +92.2% 0.21% +0.11
SPTL SS SPDR PF LNG TRM TSY E-Usd Add +187.5% 0.16% +0.10
TEL Te Connectivity PLC Add +19.2% 0.29% +0.08
SPY SS SPDR S&P 500 ETF Trust-US Add +19.5% 0.33% +0.07
ABG Asbury Automotive Group Add +1.4% 0.98% +0.06
VGK Vanguard Ftse Europe ETF Add +24.2% 0.23% +0.06
VOO Vanguard S&P 500 ETF New 0.05% +0.05
MC Moelis & Co. Class A Add +2.5% 0.87% +0.05
SPHY SS SPDR P High Yield ETF Add +21.9% 0.30% +0.05
THG Hanover Insurance Group Inc./ New 0.03% +0.03
ECL Ecolab Inc. Add +17.5% 0.17% +0.03
WMS Advanced Drainage Systems Inc. New 0.03% +0.03
IQLT iShares MSCI International Q Add +9.2% 0.21% +0.03
FLXR TCW Flexible Income ETF New 0.02% +0.02
SCHD Schwab US DVD Equity ETF Add +38.4% 0.11% +0.02
RLI Rli Corp. Add +55.5% 0.08% +0.02
AVGO Broadcom Inc. Add +237.5% 0.03% +0.02
LIN Linde PLC Add +12.9% 0.22% +0.02
ATEYY Advantest Corp.- Spon ADR New 0.02% +0.02
WIZEY Wise PLC - Spon ADR New 0.02% +0.02
TMUS T-Mobile US Inc. Add +37.7% 0.11% +0.02
MOS The Mosaic Co. New 0.02% +0.02
PRDSY Prada S.P.A.-Unsp ADR New 0.01% +0.01
QCOM Qualcomm Inc. Add +8.7% 0.17% +0.01
EFX Equifax Inc. Add +8.2% 0.14% +0.01
LLY Eli Lilly & Co. Add +12.5% 0.47% +0.01
VV Vngrd Mrgstr LRG-Cap ETF-Usd Add +1.8% 0.15% +0.01
NVDA Nvidia Corp. Add +0.9% 0.04% +0.01
HAYW Hayward Holdings Inc. Add +28.9% 0.06% +0.01
BWIN Baldwin Insurance Group Inc./ Add +35.2% 0.06% +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