Madison Asset Management, LLC

CIK 0001299351 · Q1 2026

13F Equity AUM

$8.1B

-7.3% QoQ

Positions

349

+8 QoQ

AUM Rank

#747

Top 6%

Skill Alpha (FF)

-4.0%/yr^ns

No Clear Edge

Rank #6,981 · Top 85%

vs S&P -7.3%/yr (unadj.)

Quarters Tracked

~6 years

Portfolio Concentration

Top 5: 15.1%Top 10: 23.9%Top 20: 38.0%

ACGL4.8%

ROST3.8%

PCAR2.3%

GOOG2.2%

APH2.0%

CSL1.9%

BRO1.9%

AMZN1.7%

CDW1.7%

LH1.6%

Others (339)76.1%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Financial Services32.4%

Technology19.1%

Industrials14.4%

Consumer Cyclical11.5%

Healthcare10.2%

Communication Services5.5%

Energy2.1%

Other4.9%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

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Position Changes This Quarter

New23Increased122Decreased165Exited15

New Positions

TYL0.7%

+160K

BSY0.4%

+981K

ARMP0.3%

+2.1M

AZN0.1%

+21K

NEM0.1%

+41K

PAVE0.1%

+81K

SNPS0.0%

+9K

AVEM0.0%

+36K

PCOR0.0%

+39K

ICUI0.0%

+18K

Increased

MC1.3%

+556K(+46%)

EMLC0.3%

+518K(+101%)

BRO1.9%

+321K(+16%)

TTAN0.7%

+262K(+41%)

VEU0.7%

+241K(+48%)

AMPL0.0%

+236K(+303%)

CL0.3%

+179K(+254%)

FWONK1.1%

+178K(+20%)

FLXR0.2%

+177K(+71%)

SCHD0.2%

+170K(+47%)

Decreased

PCAR2.3%

-697,074(-31%)

MKSI1.0%

-583,114(-63%)

AES0.1%

-544,000(-50%)

SBUX0.0%

-364,882(-99%)

SCHR0.2%

-352,134(-31%)

JMBS0.7%

-342,672(-22%)

MSTI0.6%

-310,745(-11%)

ACGL4.8%

-255,985(-6%)

CPRT1.6%

-182,775(-4%)

DIVL0.7%

-181,433(-8%)

Exited

-94,929

-40,584

-24,950

-15,151

-44,160

-13,988

-5,500

-9,887

-5,686

-62,100

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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