Madison Asset Management, Llc
- Regulatory AUM
- $4.9B
- Discretionary
- $4.9B
- Clients
- 36
- Avg AUM / client
- $135M
- Accounts
- 36
- Employees
- 92
AUM over time
Annual snapshots from Form ADV filings · as of Mar 20, 2026
Investments (13F portfolio — 349 positions, $8,063,597,901)
13F period Mar 31, 2026| # | Issuer | Class | Value | Shares | % of 13F | % of AUM |
|---|---|---|---|---|---|---|
| 1 | Arch Capital Group Ltd | COM | $391,298,084 | 4,076,446 | 4.85% | 8.05% |
| 2 | Ross Stores Inc | COM | $306,081,664 | 1,412,924 | 3.8% | 6.29% |
| 3 | Paccar Inc | COM | $183,109,753 | 1,585,366 | 2.27% | 3.77% |
| 4 | Alphabet Inc | COM | $180,600,263 | 629,576 | 2.24% | 3.71% |
| 5 | Amphenol Corp | COM | $158,064,598 | 1,251,006 | 1.96% | 3.25% |
| 6 | Carlisle Cos Inc | COM | $151,401,187 | 453,813 | 1.88% | 3.11% |
| 7 | Brown & Brown Inc | COM | $150,480,049 | 2,307,622 | 1.87% | 3.09% |
| 8 | Amazon.Com Inc | COM | $138,933,318 | 667,083 | 1.72% | 2.86% |
| 9 | Cdw Corp/De | COM | $133,737,536 | 1,105,086 | 1.66% | 2.75% |
| 10 | Labcorp Holdings Inc | COM | $130,882,670 | 490,546 | 1.62% | 2.69% |
| 11 | Copart Inc | COM | $129,134,205 | 3,889,584 | 1.6% | 2.66% |
| 12 | Medpace Holdings Inc | COM | $125,950,423 | 262,293 | 1.56% | 2.59% |
| 13 | Teledyne Technologies Inc | COM | $120,123,653 | 198,548 | 1.49% | 2.47% |
| 14 | Keysight Technologies Inc | COM | $119,434,821 | 422,973 | 1.48% | 2.46% |
| 15 | Texas Instruments Inc | COM | $118,096,268 | 608,305 | 1.46% | 2.43% |
| 16 | Visa Inc | COM | $117,833,883 | 389,869 | 1.46% | 2.42% |
| 17 | Analog Devices Inc | COM | $107,343,562 | 337,410 | 1.33% | 2.21% |
| 18 | Wr Berkley Corp | COM | $107,301,062 | 1,618,906 | 1.33% | 2.21% |
| 19 | Moelis & Co | COM | $101,102,869 | 1,773,735 | 1.25% | 2.08% |
| 20 | Gartner Inc | COM | $97,103,148 | 613,257 | 1.2% | 2.0% |
| 21 | Msa Safety Inc | COM | $96,495,651 | 588,568 | 1.2% | 1.98% |
| 22 | Invesco S&P 500 Quality Etf | ETF | $96,421,031 | 1,282,365 | 1.2% | 1.98% |
| 23 | Danaher Corp | COM | $93,855,702 | 495,020 | 1.16% | 1.93% |
| 24 | Liberty Media Corp Liberty For | COM | $90,996,857 | 1,070,299 | 1.13% | 1.87% |
| 25 | Ferguson Enterprises Inc | COM | $87,075,368 | 373,297 | 1.08% | 1.79% |
Top 25 of 349 positions from the manager's latest Form 13F · source filing (EDGAR) ↗. 13F covers long US-listed positions only. "% of AUM" is share of the firm's total regulatory AUM (Form ADV Item 5.F).
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Banking or thrift institutions | 3 | $6.5M | 0.13% |
| Investment companies | 31 | $4.8B | 99.6% |
| Pension and profit sharing plans | 2 | $13.9M | 0.29% |
People (8)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Patrick F Ryan | Head Of Multi Asset Solutions, Portfolio Manager | Jan 2010 (17y) | Less than 5% | |
| Henrickson, Mark, Dana | Chief Financial Officer | Jan 2018 (9y) | Less than 5% | |
| Fredricks, Steven, Joseph | Chief Compliance Officer And Chief Legal Officer | May 2018 (8y) | Less than 5% | |
| Eisinger, Richard, Allen | Head Of Equities, Portfolio Manager | Nov 2018 (8y) | Less than 5% | |
| Friedow, Jill, Manternach | Head Of Operations And Chief Technology Officer | Mar 2020 (6y) | Less than 5% | |
| Steven Allan Carl | Chief Distribution Officer And Chairman Of The Executive Committee | Mar 2022 (4y) | Less than 5% | |
| Sanders, Michael, Scott | Head Of Madison Fixed Income, Portfolio Manager | Jan 2023 (4y) | Less than 5% | |
| Toyama, Haruki | Head Of Mid Cap & Large Cap Equity, Portfolio Manager | Jan 2023 (4y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Madison Investment Holdings, Inc | 100% Owner Of Voting Class Of Securities | Nov 2003 | A | 75% or more |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/20/2026 | 1.13 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Fixed fees
Services
- • Portfolio management for individuals/small businesses
- • Portfolio management for investment companies
- • Portfolio management for businesses/institutional clients
Custody
Reported custodians
- Pershing $798M (16% of AUM) Jan 2023
- LPL Financial $195M (3% of AUM) Nov 2018
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports it does not have custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 20, 2026.
View current Form ADV (SEC/IAPD) ↗