Q2 2025 · 13F-HR
Madison Asset Management, LLCholdings as filed
Filed 2025-08-11 · accession 0001954889-25-000027
$9.26B
Reported value
338
Positions
2025-06-30
Period end
The Brief · Madison Asset Management, LLC · Q2 2025
AI · grounded in 13F
Madison Asset Management, LLC established a new position in Arch Capital Group Ltd ACGL valued at $439.3M. The fund also initiated new stakes in Gartner Inc IT for $284.1M and Amphenol Corp APH for $244.7M. Other new additions include PACCAR Inc PCAR and CDW Corp/DE CDW.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| G0450A105 | ACGL | Arch Capital Group Ltd | $439.3M | 4.74% | 4,825,235 | Common | SOLE |
| 366651107 | IT | Gartner Inc | $284.1M | 3.07% | 702,813 | Common | SOLE |
| 032095101 | APH | Amphenol Corp | $244.7M | 2.64% | 2,478,319 | Common | SOLE |
| 693718108 | PCAR | PACCAR Inc | $239.3M | 2.58% | 2,517,149 | Common | SOLE |
| 12514G108 | CDW | CDW Corp/DE | $236.5M | 2.55% | 1,324,521 | Common | SOLE |
| 115236101 | BRO | Brown & Brown Inc | $226.4M | 2.45% | 2,042,286 | Common | SOLE |
| 217204106 | CPRT | Copart Inc | $225.3M | 2.43% | 4,590,422 | Common | SOLE |
| 778296103 | ROST | Ross Stores Inc | $211.7M | 2.29% | 1,659,087 | Common | SOLE |
| 142339100 | CSL | Carlisle Cos Inc | $192.8M | 2.08% | 516,436 | Common | SOLE |
| 530307305 | LBRDK | Liberty Broadband Corp | $173.9M | 1.88% | 1,768,132 | Common | SOLE |
| 02079K107 | GOOG | Alphabet Inc | $167.3M | 1.81% | 943,146 | Common | SOLE |
| 023135106 | AMZN | Amazon.com Inc | $163.7M | 1.77% | 746,067 | Common | SOLE |
| 882508104 | TXN | Texas Instruments Inc | $158.5M | 1.71% | 763,621 | Common | SOLE |
| 504922105 | LH | Labcorp Holdings Inc Com Usd0. | $149.8M | 1.62% | 570,807 | Common | SOLE |
| 55306N104 | MKSI | MKS Inc | $145.4M | 1.57% | 1,463,683 | Common | SOLE |
| 084423102 | WRB | WR Berkley Corp | $136.2M | 1.47% | 1,853,872 | Common | SOLE |
| 92826C839 | V | Visa Inc | $127.8M | 1.38% | 360,027 | Common | SOLE |
| 040413205 | ANET | Arista Networks Inc | $125.1M | 1.35% | 1,222,347 | Common | SOLE |
| 339750101 | FND | Floor & Decor Holdings Inc | $123.6M | 1.34% | 1,627,820 | Common | SOLE |
| 879360105 | TDY | Teledyne Technologies Inc | $115.3M | 1.25% | 225,111 | Common | SOLE |
| 235851102 | DHR | Danaher Corp Com Usd0.01 | $113.4M | 1.23% | 574,252 | Common | SOLE |
| 595017104 | MCHP | Microchip Technology Inc | $113.2M | 1.22% | 1,608,160 | Common | SOLE |
| 743315103 | PGR | Progressive Corp | $110.1M | 1.19% | 412,608 | Common | SOLE |
| 941848103 | WAT | Waters Corp | $109.0M | 1.18% | 312,259 | Common | SOLE |
| 113004105 | BAM | Brookfield Asset Management Lt | $106.5M | 1.15% | 1,926,784 | Common | SOLE |
| 531229755 | FWONK | Liberty Media Corp-Liberty For | $103.0M | 1.11% | 985,188 | Common | SOLE |
| 337738108 | FISV | Fiserv Inc | $102.6M | 1.11% | 595,345 | Common | SOLE |
| 89531P105 | TREX | Trex Co Inc | $101.7M | 1.10% | 1,871,054 | Common | SOLE |
| 46137V241 | SPHQ | Invesco S&P 500 Quality ETF | $100.3M | 1.08% | 1,407,188 | Common | SOLE |
| 31488V107 | FERG | Ferguson Enterprises Inc | $100.2M | 1.08% | 460,220 | Common | SOLE |
| 885160101 | THO | Thor Industries Inc | $98.9M | 1.07% | 1,113,378 | Common | SOLE |
| 032654105 | ADI | Analog Devices Inc | $96.7M | 1.04% | 406,066 | Common | SOLE |
| 536797103 | LAD | Lithia Motors Inc | $96.2M | 1.04% | 284,804 | Common | SOLE |
| 548661107 | LOW | Lowe's Cos Inc | $95.8M | 1.03% | 431,683 | Common | SOLE |
| 58506Q109 | MEDP | Medpace Holdings Inc | $93.2M | 1.01% | 297,048 | Common | SOLE |
| G1151C101 | ACN | Accenture PLC | $90.6M | 0.98% | 303,237 | Common | SOLE |
| 043436104 | ABG | Asbury Automotive Group Inc | $90.3M | 0.98% | 378,519 | Common | SOLE |
| 49338L103 | KEYS | Keysight Technologies Inc | $87.0M | 0.94% | 531,069 | Common | SOLE |
| 701094104 | PH | Parker-Hannifin Corp | $84.1M | 0.91% | 120,401 | Common | SOLE |
| 60786M105 | MC | Moelis & Co | $80.7M | 0.87% | 1,295,284 | Common | SOLE |
| 49714P108 | KNSL | Kinsale Capital Group Inc | $79.3M | 0.86% | 163,974 | Common | SOLE |
| 00846U101 | A | Agilent Technologies Inc | $78.8M | 0.85% | 667,908 | Common | SOLE |
| 47103U852 | JMBS | Janus Henderson Mortgage-Backe | $77.8M | 0.84% | 1,726,547 | Common | SOLE |
| 808513105 | SCHW | Charles Schwab Corp/The | $76.7M | 0.83% | 841,082 | Common | SOLE |
| H01301128 | ALC | Alcon Inc | $76.5M | 0.83% | 867,101 | Common | SOLE |
| 594918104 | MSFT | Microsoft Corp | $76.1M | 0.82% | 152,923 | Common | SOLE |
| 11271J107 | BN | Brookfield Corp | $72.3M | 0.78% | 1,169,057 | Common | SOLE |
| 571748102 | MRSH | Marsh & McLennan Cos Inc | $68.3M | 0.74% | 312,379 | Common | SOLE |
| 557441201 | MSTI | Madison Short-Term Strategic I | $63.6M | 0.69% | 3,083,424 | Common | SOLE |
| 302130109 | EXPD | Expeditors International of Wa | $63.3M | 0.68% | 553,722 | Common | SOLE |
| 26922A321 | DSTL | Distillate US Fundamental Stab | $61.8M | 0.67% | 1,115,963 | Common | SOLE |
| 872540109 | TJX | TJX Cos Inc | $61.2M | 0.66% | 495,974 | Common | SOLE |
| 557441300 | MAGG | Madison Aggregate Bond ETF | $57.3M | 0.62% | 2,811,220 | Common | SOLE |
| 036752103 | ELV | Elevance Health Inc | $55.8M | 0.60% | 143,353 | Common | SOLE |
| 557441508 | DIVL | Madison Dividend Value ETF | $55.5M | 0.60% | 2,503,742 | Common | SOLE |
| 244199105 | DE | Deere & Co | $55.2M | 0.60% | 108,503 | Common | SOLE |
| 229899109 | CFR | Cullen/Frost Bankers Inc | $49.0M | 0.53% | 381,179 | Common | SOLE |
| 65339F101 | NEE | NextEra Energy Inc | $47.8M | 0.52% | 688,473 | Common | SOLE |
| 37637Q105 | GBCI | Glacier Bancorp Inc | $45.5M | 0.49% | 1,055,415 | Common | SOLE |
| 855244109 | SBUX | Starbucks Corp | $44.7M | 0.48% | 488,092 | Common | SOLE |
| 532457108 | LLY | Eli Lilly & Co | $43.4M | 0.47% | 55,688 | Common | SOLE |
| 384109104 | GGG | Graco Inc | $43.4M | 0.47% | 504,339 | Common | SOLE |
| 531229771 | FWONA | Liberty Media Corp-Liberty For | $43.2M | 0.47% | 454,863 | Common | SOLE |
| 557441409 | CVRD | Madison Covered Call ETF | $42.7M | 0.46% | 2,298,594 | Common | SOLE |
| 46625H100 | JPM | JPMorgan Chase & Co | $41.5M | 0.45% | 143,220 | Common | SOLE |
| 68389X105 | ORCL | Oracle Corp | $41.5M | 0.45% | 189,697 | Common | SOLE |
| 92204A702 | VGT | Vanguard Information Technolog | $39.0M | 0.42% | 58,846 | Common | SOLE |
| 09290D101 | BLK | Blackrock Inc | $39.0M | 0.42% | 37,146 | Common | SOLE |
| 037833100 | AAPL | Apple Inc | $38.0M | 0.41% | 185,412 | Common | SOLE |
| 437076102 | HD | Home Depot Inc | $35.8M | 0.39% | 97,549 | Common | SOLE |
| 009066101 | ABNB | Airbnb Inc | $34.3M | 0.37% | 259,096 | Common | SOLE |
| 438516106 | HON | Honeywell International Inc | $34.1M | 0.37% | 146,526 | Common | SOLE |
| 03027X100 | AMT | American Tower Corp | $32.5M | 0.35% | 147,007 | Common | SOLE |
| 464286426 | EEMA | iShares MSCI Emerging Markets | $30.8M | 0.33% | 373,592 | Common | SOLE |
| 808524854 | SCHR | Schwab Intermediate-Term U.S. | $30.2M | 0.33% | 1,207,518 | Common | SOLE |
| 78462F103 | SPY | SPDR S&P 500 ETF Trust | $30.2M | 0.33% | 48,909 | Common | SOLE |
| 654106103 | NKE | NIKE Inc | $29.6M | 0.32% | 416,597 | Common | SOLE |
| 478160104 | JNJ | Johnson & Johnson | $28.5M | 0.31% | 186,461 | Common | SOLE |
| 22160K105 | COST | Costco Wholesale Corp | $27.7M | 0.30% | 27,932 | Common | SOLE |
| 78468R606 | SPHY | SPDR Portfolio High Yield Bond | $27.4M | 0.30% | 1,151,255 | Common | SOLE |
| G87052109 | TEL | TE Connectivity PLC | $26.6M | 0.29% | 157,639 | Common | SOLE |
| 053015103 | ADP | Automatic Data Processing Inc | $25.4M | 0.27% | 82,348 | Common | SOLE |
| 922042775 | VEU | Vanguard FTSE All-World ex-US | $25.2M | 0.27% | 375,448 | Common | SOLE |
| 464287226 | AGG | iShares Core U.S. Aggregate Bo | $24.0M | 0.26% | 242,014 | Common | SOLE |
| G5960L103 | MDT | Medtronic PLC | $22.9M | 0.25% | 262,800 | Common | SOLE |
| 00724F101 | ADBE | Adobe Inc | $22.5M | 0.24% | 58,122 | Common | SOLE |
| 12572Q105 | CME | CME Group Inc | $21.2M | 0.23% | 76,980 | Common | SOLE |
| 922042874 | VGK | Vanguard FTSE Europe ETF | $20.9M | 0.23% | 269,918 | Common | SOLE |
| 713448108 | PEP | PepsiCo Inc | $20.8M | 0.22% | 157,263 | Common | SOLE |
| 617446448 | MS | Morgan Stanley | $20.6M | 0.22% | 146,288 | Common | SOLE |
| 20825C104 | COP | ConocoPhillips | $20.5M | 0.22% | 228,467 | Common | SOLE |
| 78464A797 | KBE | SPDR S&P Bank ETF | $20.1M | 0.22% | 361,338 | Common | SOLE |
| G54950103 | LIN | Linde PLC | $20.1M | 0.22% | 42,769 | Common | SOLE |
| 464286608 | EZU | iShares MSCI Eurozone ETF | $19.7M | 0.21% | 331,826 | Common | SOLE |
| 46434V456 | IQLT | iShares MSCI International Qua | $19.1M | 0.21% | 441,348 | Common | SOLE |
| 464287804 | IJR | iShares Core S&P Small-Cap ETF | $18.9M | 0.20% | 173,020 | Common | SOLE |
| 084670702 | BRK/B | Berkshire Hathaway Inc | $18.8M | 0.20% | 38,756 | Common | SOLE |
| 166764100 | CVX | Chevron Corp | $18.1M | 0.20% | 126,708 | Common | SOLE |
| 464287507 | IJH | iShares Core S&P Mid-Cap ETF | $17.9M | 0.19% | 288,286 | Common | SOLE |
| 20030N101 | CMCSA | Comcast Corp | $17.5M | 0.19% | 489,973 | Common | SOLE |
| N07059210 | ASML | ASML Holding NV - Spons NY Reg | $16.9M | 0.18% | 21,086 | Common | SOLE |
| 78467Y107 | MDY | SPDR S&P MidCap 400 ETF Trust | $16.5M | 0.18% | 29,164 | Common | SOLE |
| 773903109 | ROK | Rockwell Automation Inc | $16.3M | 0.18% | 48,925 | Common | SOLE |
| 464287440 | IEF | iShares 7-10 Year Treasury Bon | $16.2M | 0.18% | 169,521 | Common | SOLE |
| 278865100 | ECL | Ecolab Inc | $16.0M | 0.17% | 59,269 | Common | SOLE |
| 747525103 | QCOM | QUALCOMM Inc | $15.8M | 0.17% | 99,105 | Common | SOLE |
| 464288638 | IGIB | iShares 5-10 Year Investment G | $15.7M | 0.17% | 294,042 | Common | SOLE |
| 30231G102 | XOM | Exxon Mobil Corp | $15.6M | 0.17% | 144,524 | Common | SOLE |
| 907818108 | UNP | Union Pacific Corp | $15.6M | 0.17% | 67,659 | Common | SOLE |
| 311900104 | FAST | Fastenal Co | $15.5M | 0.17% | 368,792 | Common | SOLE |
| 78464A664 | SPTL | SPDR Portfolio Long Term Treas | $14.9M | 0.16% | 558,914 | Common | SOLE |
| 517834107 | LVS | Las Vegas Sands Corp | $14.8M | 0.16% | 339,900 | Common | SOLE |
| 427866108 | HSY | Hershey Co/The | $14.7M | 0.16% | 88,660 | Common | SOLE |
| 922908637 | VV | Vanguard Large-Cap ETF | $14.1M | 0.15% | 49,514 | Common | SOLE |
| 26875P101 | EOG | EOG Resources Inc | $13.7M | 0.15% | 114,844 | Common | SOLE |
| 06849F108 | B | Barrick Mining Corp | $13.1M | 0.14% | 629,500 | Common | SOLE |
| 00287Y109 | ABBV | AbbVie Inc | $13.0M | 0.14% | 70,192 | Common | SOLE |
| 35473P744 | FLJP | Franklin FTSE Japan ETF | $12.7M | 0.14% | 396,238 | Common | SOLE |
| 294429105 | EFX | Equifax Inc | $12.7M | 0.14% | 49,009 | Common | SOLE |
| 060505104 | BAC | Bank of America Corp | $12.4M | 0.13% | 262,808 | Common | SOLE |
| 902973304 | USB | U.S. Bancorp | $11.9M | 0.13% | 263,423 | Common | SOLE |
| 002824100 | ABT | Abbott Laboratories | $11.9M | 0.13% | 87,436 | Common | SOLE |
| 81369Y506 | XLE | Energy Select Sector SPDR Fund | $11.7M | 0.13% | 138,508 | Common | SOLE |
| 70450Y103 | PYPL | PayPal Holdings Inc | $11.7M | 0.13% | 157,300 | Common | SOLE |
| 00130H105 | AES | AES Corp/VA | $11.5M | 0.12% | 1,093,000 | Common | SOLE |
| 78464A672 | SPTI | SPDR Portfolio Intermediate Te | $11.4M | 0.12% | 395,287 | Common | SOLE |
| 46138G300 | XSHQ | Invesco S&P SmallCap Quality E | $11.0M | 0.12% | 269,057 | Common | SOLE |
| 37954Y343 | MLPA | Global X MLP ETF | $10.9M | 0.12% | 217,710 | Common | SOLE |
| 576485205 | MTDR | Matador Resources Co | $10.5M | 0.11% | 221,000 | Common | SOLE |
| 872590104 | TMUS | T-Mobile US Inc | $10.2M | 0.11% | 42,700 | Common | SOLE |
| 742718109 | PG | Procter & Gamble Co | $10.1M | 0.11% | 63,633 | Common | SOLE |
| 808524797 | SCHD | Schwab US Dividend Equity ETF | $9.9M | 0.11% | 374,351 | Common | SOLE |
| 92206C409 | VCSH | Vanguard Short-Term Corporate | $9.6M | 0.10% | 120,148 | Common | SOLE |
| 78468R101 | SPTS | SPDR Portfolio Short Term Trea | $9.4M | 0.10% | 319,537 | Common | SOLE |
| 29261A100 | EHC | Encompass Health Corp | $8.9M | 0.10% | 72,799 | Common | SOLE |
| 47103U845 | JAAA | Janus Henderson AAA CLO ETF | $8.9M | 0.10% | 175,548 | Common | SOLE |
| 126650100 | CVS | CVS Health Corp | $8.7M | 0.09% | 126,650 | Common | SOLE |
| 009158106 | APD | Air Products & Chemicals Inc | $8.6M | 0.09% | 30,617 | Common | SOLE |
| 039483102 | ADM | Archer-Daniels-Midland Co | $8.6M | 0.09% | 162,900 | Common | SOLE |
| 007903107 | AMD | Advanced Micro Devices Inc | $8.3M | 0.09% | 58,687 | Common | SOLE |
| 46429B291 | QLTA | iShares Aaa - A Rated Corporat | $8.2M | 0.09% | 170,455 | Common | SOLE |
| 580135101 | MCD | McDonald's Corp | $8.1M | 0.09% | 27,865 | Common | SOLE |
| 704326107 | PAYX | Paychex Inc | $7.9M | 0.09% | 54,636 | Common | SOLE |
| 91324P102 | UNH | UnitedHealth Group Inc | $7.9M | 0.09% | 25,309 | Common | SOLE |
| 194162103 | CL | Colgate-Palmolive Co | $7.8M | 0.08% | 85,507 | Common | SOLE |
| 149123101 | CAT | Caterpillar Inc | $7.8M | 0.08% | 20,008 | Common | SOLE |
| H8817H100 | RIG | Transocean Ltd | $7.7M | 0.08% | 2,975,000 | Common | SOLE |
| 749607107 | RLI | RLI Corp | $7.7M | 0.08% | 106,132 | Common | SOLE |
| 21874C102 | CNM | Core & Main Inc | $7.6M | 0.08% | 125,538 | Common | SOLE |
| 810186106 | SMG | Scotts Miracle-Gro Co/The | $7.4M | 0.08% | 111,763 | Common | SOLE |
| 92204A405 | VFH | Vanguard Financials ETF | $6.7M | 0.07% | 52,625 | Common | SOLE |
| 21036P108 | STZ | Constellation Brands Inc | $6.7M | 0.07% | 40,900 | Common | SOLE |
| G0692U109 | AXS | Axis Capital Holdings Ltd | $6.4M | 0.07% | 61,805 | Common | SOLE |
| 42226A107 | HQY | HealthEquity Inc | $6.4M | 0.07% | 60,661 | Common | SOLE |
| 92532F100 | VRTX | Vertex Pharmaceuticals Inc | $6.3M | 0.07% | 14,192 | Common | SOLE |
| 03743Q108 | APA | APA Corp | $6.2M | 0.07% | 338,700 | Common | SOLE |
| 819047101 | SHAK | Shake Shack Inc | $6.0M | 0.07% | 43,008 | Common | SOLE |
| 421298100 | HAYW | Hayward Holdings Inc | $5.8M | 0.06% | 420,901 | Common | SOLE |
| 971378104 | WSC | WillScot Holdings Corp | $5.8M | 0.06% | 211,050 | Common | SOLE |
| 739276103 | POWI | Power Integrations Inc | $5.8M | 0.06% | 103,075 | Common | SOLE |
| P73684113 | OSW | OneSpaWorld Holdings Ltd | $5.6M | 0.06% | 275,021 | Common | SOLE |
| 10316T104 | BOX | Box Inc | $5.5M | 0.06% | 161,748 | Common | SOLE |
| 231021106 | CMI | Cummins Inc | $5.4M | 0.06% | 16,562 | Common | SOLE |
| 05589G102 | BWIN | Baldwin Insurance Group Inc/Th | $5.4M | 0.06% | 125,782 | Common | SOLE |
| 82900L102 | SMPL | Simply Good Foods Co/The | $5.3M | 0.06% | 168,700 | Common | SOLE |
| 68404L201 | OPCH | Option Care Health Inc | $5.3M | 0.06% | 162,527 | Common | SOLE |
| 13321L108 | CCJ | Cameco Corp | $5.2M | 0.06% | 69,441 | Common | SOLE |
| 346375108 | FORM | FormFactor Inc | $5.1M | 0.06% | 149,482 | Common | SOLE |
| 379577208 | GMED | Globus Medical Inc | $5.1M | 0.05% | 85,721 | Common | SOLE |
| 922908363 | VOO | Vanguard S&P 500 ETF | $5.0M | 0.05% | 8,858 | Common | SOLE |
| 741623102 | PRMB | Primo Brands Corp | $5.0M | 0.05% | 168,976 | Common | SOLE |
| 717081103 | PFE | Pfizer Inc | $4.9M | 0.05% | 201,486 | Common | SOLE |
| 52661A108 | DRS | Leonardo DRS Inc | $4.9M | 0.05% | 104,782 | Common | SOLE |
| 78464A854 | SPYM | SPDR Portfolio S&P 500 ETF | $4.6M | 0.05% | 63,900 | Common | SOLE |
| 29362U104 | ENTG | Entegris Inc | $4.5M | 0.05% | 56,086 | Common | SOLE |
| 464287200 | IVV | iShares Core S&P 500 ETF | $4.5M | 0.05% | 7,236 | Common | SOLE |
| 19239V302 | CCOI | Cogent Communications Holdings | $4.4M | 0.05% | 92,256 | Common | SOLE |
| 42824C109 | HPE | Hewlett Packard Enterprise Co | $4.4M | 0.05% | 217,000 | Common | SOLE |
| 88224Q107 | TCBI | Texas Capital Bancshares Inc | $4.4M | 0.05% | 55,721 | Common | SOLE |
| 464288661 | IEI | iShares 3-7 Year Treasury Bond | $4.4M | 0.05% | 36,782 | Common | SOLE |
| 98139A105 | WK | Workiva Inc | $4.4M | 0.05% | 63,739 | Common | SOLE |
| 452308109 | ITW | Illinois Tool Works Inc | $4.2M | 0.05% | 17,171 | Common | SOLE |
| 20717M103 | 8QR | Confluent Inc | $4.2M | 0.05% | 169,579 | Common | SOLE |
| 224408104 | CR | Crane Co | $4.2M | 0.05% | 22,136 | Common | SOLE |
| 204166102 | CVLT | CommVault Systems Inc | $4.1M | 0.04% | 23,773 | Common | SOLE |
| 874039100 | TSM | Taiwan Semiconductor Manufactu | $4.1M | 0.04% | 18,180 | Common | SOLE |
| 35671D857 | FCX | Freeport-McMoRan Inc | $3.9M | 0.04% | 89,243 | Common | SOLE |
| 67066G104 | NVDA | NVIDIA Corp | $3.8M | 0.04% | 24,364 | Common | SOLE |
| 49926D109 | KN | Knowles Corp | $3.8M | 0.04% | 218,213 | Common | SOLE |
| 40415F101 | HDB | HDFC Bank Ltd - Spons ADR | $3.7M | 0.04% | 48,447 | Common | SOLE |
| 922908736 | VUG | Vanguard Growth ETF | $3.7M | 0.04% | 8,451 | Common | SOLE |
| 957638109 | WAL | Western Alliance Bancorp | $3.7M | 0.04% | 47,200 | Common | SOLE |
| 384802104 | GWW | WW Grainger Inc | $3.6M | 0.04% | 3,461 | Common | SOLE |
| 009279100 | EADSY | Airbus SE - Unspons ADR | $3.5M | 0.04% | 67,643 | Common | SOLE |
| 681116109 | OLLI | Ollie's Bargain Outlet Holding | $3.5M | 0.04% | 26,652 | Common | SOLE |
| 171779309 | CIEN | Ciena Corp | $3.4M | 0.04% | 41,543 | Common | SOLE |
| 75886F107 | REGN | Regeneron Pharmaceuticals Inc | $3.4M | 0.04% | 6,401 | Common | SOLE |
| 01609W102 | BABA | Alibaba Group Holding Ltd - Sp | $3.3M | 0.04% | 29,233 | Common | SOLE |
| 046353108 | AZNN | AstraZeneca PLC - Spons ADR | $3.3M | 0.04% | 47,087 | Common | SOLE |
| 001317205 | AAGIY | AIA Group Ltd - Spons ADR | $3.1M | 0.03% | 86,139 | Common | SOLE |
| 72341E304 | PNGAY | Ping An Insurance Group Co of | $3.1M | 0.03% | 238,442 | Common | SOLE |
| 93114W107 | WMMVY | Wal-Mart de Mexico SAB de CV - | $3.0M | 0.03% | 90,713 | Common | SOLE |
| 410867105 | THG | Hanover Insurance Group Inc/Th | $3.0M | 0.03% | 17,786 | Common | SOLE |
| 492460100 | KRYAY | Kerry Group PLC - Spons ADR | $3.0M | 0.03% | 27,245 | Common | SOLE |
| 30303M102 | META | Meta Platforms Inc | $2.9M | 0.03% | 3,902 | Common | SOLE |
| 69807K105 | DQJCY | Pan Pacific International Hold | $2.9M | 0.03% | 83,286 | Common | SOLE |
| 835699307 | SONY | Sony Group Corp - Spons ADR | $2.8M | 0.03% | 107,427 | Common | SOLE |
| 918204108 | VFC | VF Corp | $2.8M | 0.03% | 235,218 | Common | SOLE |
| 02079K305 | GOOGL | Alphabet Inc | $2.8M | 0.03% | 15,653 | Common | SOLE |
| 251566105 | DTEGY | Deutsche Telekom AG - Spons AD | $2.7M | 0.03% | 74,932 | Common | SOLE |
| 28035Q102 | EPC | Edgewell Personal Care Co | $2.7M | 0.03% | 114,038 | Common | SOLE |
| 00790R104 | WMS | Advanced Drainage Systems Inc | $2.7M | 0.03% | 23,125 | Common | SOLE |
| 78464A847 | SPMD | SPDR Portfolio S&P 400 Mid Cap | $2.6M | 0.03% | 48,524 | Common | SOLE |
| 76156B107 | RVLV | Revolve Group Inc | $2.6M | 0.03% | 129,092 | Common | SOLE |
| 497216101 | KIGRY | KION Group AG - Unspons ADR | $2.6M | 0.03% | 184,378 | Common | SOLE |
| 74435K204 | PUK | Prudential PLC - Spons ADR | $2.5M | 0.03% | 101,849 | Common | SOLE |
| 465562106 | ITUB | Itau Unibanco Holding SA - Spo | $2.5M | 0.03% | 372,210 | Common | SOLE |
| M2682V108 | CYBR | CyberArk Software Ltd | $2.4M | 0.03% | 5,995 | Common | SOLE |
| 624758108 | MWA | Mueller Water Products Inc | $2.4M | 0.03% | 101,191 | Common | SOLE |
| 224441105 | CXT | Crane NXT Co | $2.4M | 0.03% | 44,966 | Common | SOLE |
| 674215207 | CHRD | Chord Energy Corp | $2.4M | 0.03% | 24,772 | Common | SOLE |
| 11135F101 | AVGO | Broadcom Inc | $2.4M | 0.03% | 8,599 | Common | SOLE |
| 921908844 | VIG | Vanguard Dividend Appreciation | $2.4M | 0.03% | 11,557 | Common | SOLE |
| 890880206 | TRYIY | Toray Industries Inc - Unspons | $2.2M | 0.02% | 164,948 | Common | SOLE |
| 23381D102 | DSNKY | Daiichi Sankyo Co Ltd - Spons | $2.2M | 0.02% | 95,724 | Common | SOLE |
| 88032Q109 | TCEHY | Tencent Holdings Ltd - Unspons | $2.2M | 0.02% | 34,191 | Common | SOLE |
| 606822104 | MUFG | Mitsubishi UFJ Financial Group | $2.2M | 0.02% | 160,707 | Common | SOLE |
| 826197501 | SIEGY | Siemens AG - Spons ADR | $2.2M | 0.02% | 16,971 | Common | SOLE |
| 00687A107 | ADDYY | adidas AG - Spons ADR | $2.1M | 0.02% | 18,332 | Common | SOLE |
| 29287L700 | FLXR | TCW Flexible Income ETF | $2.1M | 0.02% | 54,184 | Common | SOLE |
| 78464A763 | SDY | SPDR S&P Dividend ETF | $2.1M | 0.02% | 15,613 | Common | SOLE |
| 13646K108 | CP | Canadian Pacific Kansas City L | $2.1M | 0.02% | 26,545 | Common | SOLE |
| 46137V308 | PKW | Invesco BuyBack Achievers ETF | $2.1M | 0.02% | 16,969 | Common | SOLE |
| 46641Q217 | BBJP | JPMorgan BetaBuilders Japan ET | $2.1M | 0.02% | 33,707 | Common | SOLE |
| 031162100 | AMGN | Amgen Inc | $2.1M | 0.02% | 7,400 | Common | SOLE |
| 444859102 | HUM | Humana Inc | $2.1M | 0.02% | 8,445 | Common | SOLE |
| 58933Y105 | MRK | Merck & Co Inc | $2.1M | 0.02% | 25,983 | Common | SOLE |
| 126501105 | CTS | CTS Corp | $2.0M | 0.02% | 47,782 | Common | SOLE |
| 78409V104 | SPGI | S&P Global Inc | $2.0M | 0.02% | 3,819 | Common | SOLE |
| 456788108 | INFY | Infosys Ltd - Spons ADR | $2.0M | 0.02% | 107,806 | Common | SOLE |
| 92647X830 | VFLO | VictoryShares Free Cash Flow E | $2.0M | 0.02% | 56,236 | Common | SOLE |
| 84265V105 | SCCO | Southern Copper Corp | $2.0M | 0.02% | 19,613 | Common | SOLE |
| 26922B667 | DSMC | Distillate Small/Mid Cash Flow | $2.0M | 0.02% | 60,096 | Common | SOLE |
| 680665205 | OLN | Olin Corp | $2.0M | 0.02% | 97,071 | Common | SOLE |
| 54338V101 | LZAGY | Lonza Group AG - Unspons ADR | $1.9M | 0.02% | 27,272 | Common | SOLE |
| 46284V101 | IRM | Iron Mountain Inc | $1.9M | 0.02% | 18,531 | Common | SOLE |
| 82674R103 | SXYAY | Sika AG - Unspons ADR | $1.9M | 0.02% | 68,941 | Common | SOLE |
| 89465J109 | TSRYY | Treasury Wine Estates Ltd - Sp | $1.9M | 0.02% | 368,369 | Common | SOLE |
| 803054204 | SAP | SAP SE - Spons ADR | $1.8M | 0.02% | 5,850 | Common | SOLE |
| 74834L100 | DGX | Quest Diagnostics Inc | $1.8M | 0.02% | 9,842 | Common | SOLE |
| 00762U200 | ATEYY | Advantest Corp - Spons ADR | $1.7M | 0.02% | 23,647 | Common | SOLE |
| 344419106 | FMX | Fomento Economico Mexicano SAB | $1.7M | 0.02% | 16,729 | Common | SOLE |
| 97725Q102 | WIZEY | Wise PLC - Spons ADR | $1.7M | 0.02% | 116,899 | Common | SOLE |
| N6596X109 | NXPI | NXP Semiconductors NV | $1.7M | 0.02% | 7,785 | Common | SOLE |
| 51809L109 | LSRCY | Lasertec Corp - Unspons ADR | $1.7M | 0.02% | 63,080 | Common | SOLE |
| 142795202 | CABGY | Carlsberg AS - Spons ADR | $1.7M | 0.02% | 58,273 | Common | SOLE |
| 26443V101 | DLTH | Duluth Holdings Inc | $1.6M | 0.02% | 762,777 | Common | SOLE |
| 609207105 | MDLZ | Mondelez International Inc | $1.5M | 0.02% | 22,927 | Common | SOLE |
| 61945C103 | MOS | Mosaic Co/The | $1.5M | 0.02% | 41,720 | Common | SOLE |
| 808524771 | FNDX | Schwab Fundamental U.S. Large | $1.5M | 0.02% | 60,771 | Common | SOLE |
| 656531605 | NHYDY | Norsk Hydro ASA - Spons ADR | $1.4M | 0.02% | 252,660 | Common | SOLE |
| 824551105 | SHECY | Shin-Etsu Chemical Co Ltd - Un | $1.4M | 0.02% | 87,149 | Common | SOLE |
| 626425102 | MRAAY | Murata Manufacturing Co Ltd - | $1.4M | 0.02% | 190,162 | Common | SOLE |
| 008474108 | AEM | Agnico Eagle Mines Ltd | $1.4M | 0.02% | 11,700 | Common | SOLE |
| 87155N109 | SYIEY | Symrise AG - Unspons ADR | $1.4M | 0.01% | 52,727 | Common | SOLE |
| 56501R106 | MFC | Manulife Financial Corp | $1.4M | 0.01% | 42,569 | Common | SOLE |
| 73942H100 | PRDSY | PRADA SpA - Unspons ADR | $1.4M | 0.01% | 109,850 | Common | SOLE |
| 009126202 | AIQUY | Air Liquide SA - Unspons ADR | $1.4M | 0.01% | 32,823 | Common | SOLE |
| 654090109 | NJDCY | Nidec Corp - Spons ADR | $1.4M | 0.01% | 277,870 | Common | SOLE |
| 780259305 | SHEL | Shell PLC - Spons ADR | $1.4M | 0.01% | 19,180 | Common | SOLE |
| 461202103 | INTU | Intuit Inc | $1.3M | 0.01% | 1,690 | Common | SOLE |
| N3167Y103 | RACE | Ferrari NV | $1.3M | 0.01% | 2,700 | Common | SOLE |
| 372303206 | GMAB | Genmab A/S - Spons ADR | $1.3M | 0.01% | 62,930 | Common | SOLE |
| 020002101 | ALL | Allstate Corp | $1.2M | 0.01% | 5,969 | Common | SOLE |
| 78709Y105 | SAIA | Saia Inc | $1.2M | 0.01% | 4,236 | Common | SOLE |
| 911312106 | UPS | United Parcel Service Inc | $1.1M | 0.01% | 10,939 | Common | SOLE |
| 42751Q105 | HESAY | Hermes International SCA - Uns | $1.1M | 0.01% | 3,987 | Common | SOLE |
| 01741R102 | ATI | ATI Inc | $1.1M | 0.01% | 12,500 | Common | SOLE |
| 949746101 | WMT2 | Wells Fargo & Co | $1.1M | 0.01% | 13,295 | Common | SOLE |
| 464287614 | IWF | iShares Russell 1000 Growth ET | $1.0M | 0.01% | 2,440 | Common | SOLE |
| 502441306 | LVMUY | LVMH Moet Hennessy Louis Vuitt | $1.0M | 0.01% | 9,836 | Common | SOLE |
| H2906T109 | GRMN | Garmin Ltd | $915,028 | 0.01% | 4,384 | Common | SOLE |
| 57636Q104 | MA | Mastercard Inc | $863,702 | 0.01% | 1,537 | Common | SOLE |
| 36251C103 | GMS1EUR | GMS Inc | $839,550 | 0.01% | 7,720 | Common | SOLE |
| 17275R102 | CSCO | Cisco Systems Inc | $818,476 | 0.01% | 11,797 | Common | SOLE |
| 191216100 | KO | Coca-Cola Co | $815,606 | 0.01% | 11,528 | Common | SOLE |
| 369550108 | GD | General Dynamics Corp | $767,066 | 0.01% | 2,630 | Common | SOLE |
| 89417E109 | TRV | Travelers Cos Inc | $759,814 | 0.01% | 2,840 | Common | SOLE |
| 94106L109 | WM | Waste Management Inc | $749,386 | 0.01% | 3,275 | Common | SOLE |
| 922908751 | VB | Vanguard Small-Cap ETF | $736,060 | 0.01% | 3,106 | Common | SOLE |
| 90139K100 | QLTY | GMO US Quality ETF | $698,527 | 0.01% | 20,389 | Common | SOLE |
| 464288679 | SHV | iShares Short Treasury Bond ET | $681,291 | 0.01% | 6,170 | Common | SOLE |
| 87612E106 | TGT | Target Corp | $669,044 | 0.01% | 6,782 | Common | SOLE |
| 464287499 | IWR | iShares Russell Mid-Cap ETF | $661,589 | 0.01% | 7,194 | Common | SOLE |
| 464287671 | IUSG | iShares Core S&P U.S. Growth E | $638,298 | 0.01% | 4,244 | Common | SOLE |
| 14040H105 | COF | Capital One Financial Corp | $616,366 | 0.01% | 2,897 | Common | SOLE |
| 46432F842 | IEFA | iShares Core MSCI EAFE ETF | $605,480 | 0.01% | 7,253 | Common | SOLE |
| 925652109 | VICI | VICI Properties Inc | $601,372 | 0.01% | 18,447 | Common | SOLE |
| 570535104 | MKL | Markel Corp | $570,106 | 0.01% | 285 | Common | SOLE |
| 808524805 | SCHF | Schwab International Equity ET | $555,594 | 0.01% | 25,140 | Common | SOLE |
| 550241103 | LUMN | Lumen Technologies Inc | $543,120 | 0.01% | 124,000 | Common | SOLE |
| 464287622 | IWB | iShares Russell 1000 ETF | $526,751 | 0.01% | 1,551 | Common | SOLE |
| 097023105 | BA | Boeing Co/The | $492,396 | 0.01% | 2,350 | Common | SOLE |
| 375558103 | GILD | Gilead Sciences Inc | $443,480 | 0.00% | 4,000 | Common | SOLE |
| 001055102 | AFL | Aflac Inc | $430,699 | 0.00% | 4,084 | Common | SOLE |
| 464287481 | IWP | iShares Russell Mid-Cap Growth | $426,857 | 0.00% | 3,078 | Common | SOLE |
| 46432F339 | QUAL | iShares Edge MSCI USA Quality | $422,131 | 0.00% | 2,309 | Common | SOLE |
| 018802108 | LNT | Alliant Energy Corp | $388,905 | 0.00% | 6,431 | Common | SOLE |
| 641069406 | NSRGY | Nestle SA - Spons ADR | $386,951 | 0.00% | 3,896 | Common | SOLE |
| 46434V860 | TFLO | iShares Treasury Floating Rate | $382,256 | 0.00% | 7,547 | Common | SOLE |
| 595112103 | MU | Micron Technology Inc | $369,750 | 0.00% | 3,000 | Common | SOLE |
| 37954Y632 | AIQ | Global X Artificial Intelligen | $357,078 | 0.00% | 8,173 | Common | SOLE |
| 718172109 | PM | Philip Morris International In | $350,236 | 0.00% | 1,923 | Common | SOLE |
| 464288588 | MBB | iShares MBS ETF | $330,399 | 0.00% | 3,519 | Common | SOLE |
| 464287648 | IWO | iShares Russell 2000 Growth ET | $295,008 | 0.00% | 1,032 | Common | SOLE |
| 101137107 | BSX | Boston Scientific Corp | $290,007 | 0.00% | 2,700 | Common | SOLE |
| 922042858 | VWO | Vanguard FTSE Emerging Markets | $289,390 | 0.00% | 5,851 | Common | SOLE |
| 55277P104 | MGEE | MGE Energy Inc | $277,520 | 0.00% | 3,138 | Common | SOLE |
| 931142103 | WMT | Walmart Inc | $261,659 | 0.00% | 2,676 | Common | SOLE |
| 464287655 | IWM | iShares Russell 2000 ETF | $261,322 | 0.00% | 1,211 | Common | SOLE |
| 382550101 | GT | Goodyear Tire & Rubber Co/The | $259,250 | 0.00% | 25,000 | Common | SOLE |
| 09260D107 | BX | Blackstone Group Inc/The | $257,427 | 0.00% | 1,721 | Common | SOLE |
| G25508105 | CRH | CRH PLC | $257,040 | 0.00% | 2,800 | Common | SOLE |
| 143130102 | KMX | CarMax Inc | $253,449 | 0.00% | 3,771 | Common | SOLE |
| 46982L108 | J | Jacobs Solutions Inc | $247,881 | 0.00% | 1,886 | Common | SOLE |
| 670346105 | NUE | Nucor Corp | $238,224 | 0.00% | 1,839 | Common | SOLE |
| 89832Q109 | TFC | Truist Financial Corp | $236,445 | 0.00% | 5,500 | Common | SOLE |
| 75513E101 | RTX | Raytheon Technologies Corp | $235,822 | 0.00% | 1,615 | Common | SOLE |
| 31428X106 | FDX | FedEx Corp | $227,310 | 0.00% | 1,000 | Common | SOLE |
| 922908629 | VO | Vanguard Mid-Cap ETF | $226,878 | 0.00% | 811 | Common | SOLE |
| 46438F101 | IBIT | iShares Bitcoin Trust ETF | $224,947 | 0.00% | 3,675 | Common | SOLE |
| 126408103 | CSX | CSX Corp | $224,755 | 0.00% | 6,888 | Common | SOLE |
| 46090E103 | QQQ | Invesco QQQ Trust Series 1 | $219,553 | 0.00% | 398 | Common | SOLE |
| 04247X102 | AWI | Armstrong World Industries Inc | $211,869 | 0.00% | 1,304 | Common | SOLE |
| 038222105 | AMAT | Applied Materials Inc | $209,981 | 0.00% | 1,147 | Common | SOLE |
| 00402L107 | ASO | Academy Sports & Outdoors Inc | $201,645 | 0.00% | 4,500 | Common | SOLE |
| 05990K106 | BANC | Banc of California Inc | $182,650 | 0.00% | 13,000 | Common | SOLE |
| 185899101 | CLF | Cleveland-Cliffs Inc | $129,960 | 0.00% | 17,100 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.