Madison Asset Management, LLC
Long book
$8.06B
Q1 2026
Positions
349
Top-10 weight
24%
concentration
Last quarter
+9.3%
SPY +14.8%
Turnover
10%
of book per quarter
Strategy in plain words
auto-generated from filingsMadison Asset Management, LLC is an institutional manager, running a $8.06B US long book across 349 positions.
The portfolio is broadly diversified across 349 positions (top 10 only 24%). Turnover is modest: positions are typically held for years. Current anchor positions: ARCH CAPITAL GROUP LTD, ROSS STORES INC, PACCAR INC, ALPHABET INC-CL C, AMPHENOL CORP-CL A.
Over the last 9 quarters its long book ran on average 2.6pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-1.3%
Q2 2024
+7.4%
Q3 2024
-1.4%
Q4 2024
-2.7%
Q1 2025
+4.8%
Q2 2025
+2.1%
Q3 2025
+1.0%
Q4 2025
-2.4%
Q1 2026
+9.3%
Sector allocation
Technology 23%
Financials 19%
Consumer discretionary 18%
Healthcare 12%
Industrials 10%
Services media 5%
Other 4%
Communications 3%
Long book by quarter
What does Madison Asset own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| ACGL ARCH CAPITAL GROUP LTD | Financials | 4.1M | $391.3M | 4.9% | -5.9% |
| ROST ROSS STORES INC | Consumer discretionary | 1.4M | $306.1M | 3.8% | -6.3% |
| PCAR PACCAR INC | Industrials | 1.6M | $183.1M | 2.3% | -30.5% |
| GOOG ALPHABET INC-CL C | Technology | 629.6K | $180.6M | 2.2% | -18.2% |
| APH AMPHENOL CORP-CL A | Technology | 1.3M | $158.1M | 2.0% | -6.7% |
| CSL CARLISLE COS INC | Other | 453.8K | $151.4M | 1.9% | -4.6% |
| BRO BROWN & BROWN INC | Financials | 2.3M | $150.5M | 1.9% | +16.1% |
| AMZN AMAZON.COM INC | Consumer discretionary | 667.1K | $138.9M | 1.7% | -5.1% |
| CDW CDW CORP/DE | Consumer discretionary | 1.1M | $133.7M | 1.7% | -4.3% |
| LH LABCORP HOLDINGS INC | Healthcare | 490.5K | $130.9M | 1.6% | -6.7% |
| CPRT COPART INC | Consumer discretionary | 3.9M | $129.1M | 1.6% | -4.5% |
| MEDP MEDPACE HOLDINGS INC | Healthcare | 262.3K | $126.0M | 1.6% | -5.6% |
| TDY TELEDYNE TECHNOLOGIES INC | Technology | 198.5K | $120.1M | 1.5% | -5.8% |
| KEYS KEYSIGHT TECHNOLOGIES IN | Technology | 423.0K | $119.4M | 1.5% | -18.6% |
| TXN TEXAS INSTRUMENTS INC | Technology | 608.3K | $118.1M | 1.5% | -10.3% |
| V VISA INC-CLASS A SHARES | Services media | 389.9K | $117.8M | 1.5% | +9.7% |
| ADI ANALOG DEVICES INC | Technology | 337.4K | $107.3M | 1.3% | -8.2% |
| WRB WR BERKLEY CORP | Financials | 1.6M | $107.3M | 1.3% | -6.1% |
| MC MOELIS & CO - CLASS A | Financials | 1.8M | $101.1M | 1.3% | +45.6% |
| IT GARTNER INC | Services media | 613.3K | $97.1M | 1.2% | -9.2% |
| MSA MSA SAFETY INC | Healthcare | 588.6K | $96.5M | 1.2% | +3.6% |
| DHR DANAHER CORP | Technology | 495.0K | $93.9M | 1.2% | -9.2% |
| FWONK LIBERTY MEDIA CORP-FORMULA-C | Communications | 1.1M | $91.0M | 1.1% | +19.9% |
| FERG FERGUSON ENTERPRISES INC | Consumer discretionary | 373.3K | $87.1M | 1.1% | -6.0% |
| ANET ARISTA NETWORKS INC | Technology | 684.3K | $84.0M | 1.0% | -3.9% |
| PH PARKER HANNIFIN CORP | Industrials | 93.1K | $83.3M | 1.0% | -5.9% |
| WAT WATERS CORP | Healthcare | 272.6K | $81.2M | 1.0% | -7.0% |
| MSFT MICROSOFT CORP | Technology | 215.9K | $79.9M | 1.0% | +9.7% |
| LOW LOWE'S COS INC | Consumer discretionary | 330.0K | $78.0M | 1.0% | -12.1% |
| MKSI MKS INC | Technology | 338.3K | $77.8M | 1.0% | -63.3% |
| THO THOR INDUSTRIES INC | Industrials | 964.8K | $77.1M | 1.0% | -7.6% |
| AOS SMITH (A.O.) CORP | Industrials | 1.1M | $75.3M | 0.9% | -5.5% |
| BAM BROOKFIELD ASSET MGMT-A | Financials | 1.7M | $74.5M | 0.9% | -7.0% |
| EXPD EXPEDITORS INTL WASH INC | Industrials | 490.4K | $70.2M | 0.9% | -6.7% |
| FND FLOOR & DECOR HOLDINGS INC-A | Consumer discretionary | 1.4M | $69.6M | 0.9% | -2.9% |
| HON HONEYWELL INTERNATIONAL INC | Industrials | 306.9K | $69.4M | 0.9% | -12.5% |
| PGR PROGRESSIVE CORP | Financials | 349.8K | $69.3M | 0.9% | -4.7% |
| A AGILENT TECHNOLOGIES INC | Healthcare | 607.8K | $69.3M | 0.9% | -0.3% |
| TJX TJX COMPANIES INC | Consumer discretionary | 433.1K | $69.2M | 0.9% | -3.6% |
| SCHW SCHWAB (CHARLES) CORP | Financials | 721.8K | $67.8M | 0.8% | -5.2% |
| NEE NEXTERA ENERGY INC | Utilities | 684.4K | $63.6M | 0.8% | -0.4% |
| MRSH MARSH & MCLENNAN COS | Financials | 355.9K | $61.7M | 0.8% | +22.6% |
| ABG ASBURY AUTOMOTIVE GROUP | Consumer discretionary | 308.9K | $60.4M | 0.7% | -10.8% |
| LBRDK LIBERTY BROADBAND-C | Communications | 1.2M | $59.8M | 0.7% | +0.6% |
| LAD LITHIA MOTORS INC | Consumer discretionary | 232.7K | $58.1M | 0.7% | -12.5% |
| TECH BIO-TECHNE CORP | Healthcare | 1.1M | $57.1M | 0.7% | -7.5% |
| TTAN SERVICETITAN INC-A | Technology | 900.1K | $57.1M | 0.7% | +41.1% |
| BN BROOKFIELD CORP | Real estate | 1.4M | $55.4M | 0.7% | -8.6% |
| TYL TYLER TECHNOLOGIES INC | Technology | 160.3K | $54.9M | 0.7% | New |
| META META PLATFORMS INC-CLASS A | Technology | 89.3K | $51.1M | 0.6% | +2293.4% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 7, 2026 | 349 | $8.06B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 4, 2026 | 342 | $8.70B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 6, 2025 | 336 | $9.07B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 11, 2025 | 338 | $9.26B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 6, 2025 | 349 | $8.98B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 10, 2025 | 335 | $8.87B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 12, 2024 | 328 | $8.89B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 9, 2024 | 330 | $8.08B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 9, 2024 | 330 | $8.13B | canonical | SEC ↗ |
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