MADISON ASSET MANAGEMENT, LLC

PrivateCIK: 1299351

Location

MADISON, WI

349

Positions

$8.06B

Total AUM (reported)

92.16M

Total Shares

Allocation by class

COM$7.00B86.8%

ETF$1.07B13.2%

Portfolio Concentration

Top 3$880.49M10.9%

4–10$1.04B12.9%

11–25$1.61B19.9%

Rest$4.53B56.2%

Top 3 weight

10.9%

Top 10 weight

23.9%

Voting Authority Distribution

Total shares with voting rights: 92.16M

Sole

Full voting authority

90.28M

% of voting shares98.0%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

1.88M

% of voting shares2.0%

Investment Discretion (by position count)

Sole349

Shared0

Other0

Dominant voting typeSole · 98.0% of voting shares

Institutional Holdings349

Rows:

Arch Capital Group Ltd

SOLE

COM

Shares4.08M

TypeSH

Market value$391.30M

4.85%

Sole

3.92M

Shared

0.00

None

158.12K

Ross Stores Inc

SOLE

COM

Shares1.41M

TypeSH

Market value$306.08M

3.80%

Sole

1.35M

Shared

0.00

None

65.33K

PACCAR Inc

SOLE

COM

Shares1.59M

TypeSH

Market value$183.11M

2.27%

Sole

1.52M

Shared

0.00

None

60.54K

Alphabet Inc

SOLE

COM

Shares629.58K

TypeSH

Market value$180.60M

2.24%

Sole

621.45K

Shared

0.00

None

8.13K

Amphenol Corp

SOLE

COM

Shares1.25M

TypeSH

Market value$158.06M

1.96%

Sole

1.19M

Shared

0.00

None

57.36K

Carlisle Cos Inc

SOLE

COM

Shares453.81K

TypeSH

Market value$151.40M

1.88%

Sole

433.40K

Shared

0.00

None

20.41K

Brown & Brown Inc

SOLE

COM

Shares2.31M

TypeSH

Market value$150.48M

1.87%

Sole

2.20M

Shared

0.00

None

106.47K

Amazon.com Inc

SOLE

COM

Shares667.08K

TypeSH

Market value$138.93M

1.72%

Sole

658.20K

Shared

0.00

None

8.88K

CDW Corp/DE

SOLE

COM

Shares1.11M

TypeSH

Market value$133.74M

1.66%

Sole

1.06M

Shared

0.00

None

45.43K

Labcorp Holdings Inc

SOLE

COM

Shares490.55K

TypeSH

Market value$130.88M

1.62%

Sole

467.89K

Shared

0.00

None

22.66K

Copart Inc

SOLE

COM

Shares3.89M

TypeSH

Market value$129.13M

1.60%

Sole

3.74M

Shared

0.00

None

150.65K

Medpace Holdings Inc

SOLE

COM

Shares262.29K

TypeSH

Market value$125.95M

1.56%

Sole

250.38K

Shared

0.00

None

11.91K

Teledyne Technologies Inc

SOLE

COM

Shares198.55K

TypeSH

Market value$120.12M

1.49%

Sole

189.37K

Shared

0.00

None

9.18K

Keysight Technologies Inc

SOLE

COM

Shares422.97K

TypeSH

Market value$119.43M

1.48%

Sole

416.56K

Shared

0.00

None

6.42K

Texas Instruments Inc

SOLE

COM

Shares608.30K

TypeSH

Market value$118.10M

1.46%

Sole

600.32K

Shared

0.00

None

7.99K

Visa Inc

SOLE

COM

Shares389.87K

TypeSH

Market value$117.83M

1.46%

Sole

384.75K

Shared

0.00

None

5.12K

Analog Devices Inc

SOLE

COM

Shares337.41K

TypeSH

Market value$107.34M

1.33%

Sole

333.18K

Shared

0.00

None

4.23K

WR Berkley Corp

SOLE

COM

Shares1.62M

TypeSH

Market value$107.30M

1.33%

Sole

1.54M

Shared

0.00

None

74.57K

Moelis & Co

SOLE

COM

Shares1.77M

TypeSH

Market value$101.10M

1.25%

Sole

1.69M

Shared

0.00

None

80.28K

Gartner Inc

SOLE

COM

Shares613.26K

TypeSH

Market value$97.10M

1.20%

Sole

588.05K

Shared

0.00

None

25.21K

MSA Safety Inc

SOLE

COM

Shares588.57K

TypeSH

Market value$96.50M

1.20%

Sole

561.36K

Shared

0.00

None

27.21K

Invesco S&P 500 Quality ETF

SOLE

ETF

Shares1.28M

TypeSH

Market value$96.42M

1.20%

Sole

1.28M

Shared

0.00

None

1.57K

Danaher Corp

SOLE

COM

Shares495.02K

TypeSH

Market value$93.86M

1.16%

Sole

488.55K

Shared

0.00

None

6.47K

Liberty Media Corp-Liberty For

SOLE

COM

Shares1.07M

TypeSH

Market value$91.00M

1.13%

Sole

Shared

0.00

None

69K

Ferguson Enterprises Inc

SOLE

COM

Shares373.30K

TypeSH

Market value$87.08M

1.08%

Sole

366.70K

Shared

0.00

None

6.60K

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
Arch Capital Group LtdSOLE	COM	4.08M	SH	$391.30M 4.85%	3.92M	158.12K
Ross Stores IncSOLE	COM	1.41M	SH	$306.08M 3.80%	1.35M	65.33K
PACCAR IncSOLE	COM	1.59M	SH	$183.11M 2.27%	1.52M	60.54K
Alphabet IncSOLE	COM	629.58K	SH	$180.60M 2.24%	621.45K	8.13K
Amphenol CorpSOLE	COM	1.25M	SH	$158.06M 1.96%	1.19M	57.36K
Carlisle Cos IncSOLE	COM	453.81K	SH	$151.40M 1.88%	433.40K	20.41K
Brown & Brown IncSOLE	COM	2.31M	SH	$150.48M 1.87%	2.20M	106.47K
Amazon.com IncSOLE	COM	667.08K	SH	$138.93M 1.72%	658.20K	8.88K
CDW Corp/DESOLE	COM	1.11M	SH	$133.74M 1.66%	1.06M	45.43K
Labcorp Holdings IncSOLE	COM	490.55K	SH	$130.88M 1.62%	467.89K	22.66K
Copart IncSOLE	COM	3.89M	SH	$129.13M 1.60%	3.74M	150.65K
Medpace Holdings IncSOLE	COM	262.29K	SH	$125.95M 1.56%	250.38K	11.91K
Teledyne Technologies IncSOLE	COM	198.55K	SH	$120.12M 1.49%	189.37K	9.18K
Keysight Technologies IncSOLE	COM	422.97K	SH	$119.43M 1.48%	416.56K	6.42K
Texas Instruments IncSOLE	COM	608.30K	SH	$118.10M 1.46%	600.32K	7.99K
Visa IncSOLE	COM	389.87K	SH	$117.83M 1.46%	384.75K	5.12K
Analog Devices IncSOLE	COM	337.41K	SH	$107.34M 1.33%	333.18K	4.23K
WR Berkley CorpSOLE	COM	1.62M	SH	$107.30M 1.33%	1.54M	74.57K
Moelis & CoSOLE	COM	1.77M	SH	$101.10M 1.25%	1.69M	80.28K
Gartner IncSOLE	COM	613.26K	SH	$97.10M 1.20%	588.05K	25.21K
MSA Safety IncSOLE	COM	588.57K	SH	$96.50M 1.20%	561.36K	27.21K
Invesco S&P 500 Quality ETFSOLE	ETF	1.28M	SH	$96.42M 1.20%	1.28M	1.57K
Danaher CorpSOLE	COM	495.02K	SH	$93.86M 1.16%	488.55K	6.47K
Liberty Media Corp-Liberty ForSOLE	COM	1.07M	SH	$91.00M 1.13%	1M	69K
Ferguson Enterprises IncSOLE	COM	373.30K	SH	$87.08M 1.08%	366.70K	6.60K

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