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VOL. XII · NO. 117Established MMXIV · George Town, Grand CaymanAtlantic Edition · $4.50

The Cayman Journal

Finance · Business · Technology · Caribbean & Global Affairs
13F HOLDINGS REPORT

MADISON ASSET MANAGEMENT, LLC

Quarter ended Q1 2024 · Filed May 9, 2024 · Accession 0001299351-24-000005

Total Value
$8.13B
Positions
330
Other Managers
0
Confidential Omitted
No
View on SEC.gov

Holdings (330)

#IssuerTicker / CUSIPSharesValue% of Filing
1Arch Capital Group LtdG0450A1053,809,941$352.2M4.33%
2PACCAR IncPCAR2,156,155$267.1M3.29%
3Alphabet IncGOOG1,534,008$233.6M2.87%
4Copart IncCPRT3,799,031$220.0M2.71%
5Dollar Tree IncDLTR1,415,696$188.5M2.32%
6Gartner IncIT389,534$185.7M2.28%
7Carlisle Cos Inc142339100424,783$166.5M2.05%
8Ross Stores IncROST1,127,868$165.5M2.04%
9Arista Networks IncANET466,510$135.3M1.66%
10Brown & Brown IncBRO1,534,907$134.4M1.65%
11Amazon.com IncAMZN731,566$132.0M1.62%
12Lowe's Cos Inc548661107490,991$125.1M1.54%
13Texas Instruments Inc882508104665,099$115.9M1.43%
14Fiserv IncFISV690,455$110.3M1.36%
15Visa IncV387,305$108.1M1.33%
16CDW Corp/DECDW421,985$107.9M1.33%
17Berkshire Hathaway IncBRK-A256,065$107.7M1.32%
18Analog Devices IncADI544,248$107.6M1.32%
19CarMax IncKMX1,214,582$105.8M1.30%
20Amphenol Corp032095101891,055$102.8M1.26%
21Floor & Decor Holdings IncFND756,207$98.0M1.21%
22U.S. BancorpUSB-PS2,165,577$96.8M1.19%
23TJX Cos Inc872540109953,720$96.7M1.19%
24Accenture PLCACN275,372$95.4M1.17%
25Agilent Technologies IncA655,389$95.4M1.17%
26Parker-Hannifin CorpPH170,502$94.8M1.17%
27Progressive Corp743315103452,202$93.5M1.15%
28Moelis & CoMC1,603,609$91.0M1.12%
29MKS Instruments IncMKSI675,013$89.8M1.10%
30Janus Henderson Mortgage-Backe47103U8521,940,107$87.5M1.08%
31Laboratory Corp of America Hol50540R409389,839$85.2M1.05%
32Alcon IncALC976,637$81.3M1.00%
33Liberty Broadband CorpLBRDP1,364,958$78.1M0.96%
34Becton Dickinson and CoBDX315,287$78.0M0.96%
35Madison Covered Call ETF5574414093,875,190$77.3M0.95%
36WR Berkley CorpWRB-PH867,971$76.8M0.94%
37Danaher Corp235851102306,131$76.4M0.94%
38Waters Corp941848103214,329$73.8M0.91%
39Invesco S&P 500 Quality ETFIVZ1,180,546$71.3M0.88%
40Distillate US Fundamental Stab26922A3211,292,598$69.7M0.86%
41Brookfield Asset Management Lt1130041051,613,503$67.8M0.83%
42Microsoft CorpMSFT159,453$67.1M0.83%
43Madison Dividend Value ETF5574415083,110,710$65.6M0.81%
44Charles Schwab Corp/TheSCHW-PJ895,821$64.8M0.80%
45iShares Treasury Floating Rate46434V8601,248,765$63.3M0.78%
46NextEra Energy IncNEE-PW965,330$61.7M0.76%
47Madison Short-Term Strategic I5574412012,891,361$58.9M0.72%
48Marsh & McLennan Cos Inc571748102281,946$58.1M0.71%
49Thor Industries Inc885160101458,570$53.8M0.66%
50Brookfield Corp11271J1071,274,290$53.4M0.66%
51Armstrong World Industries Inc04247X102417,140$51.8M0.64%
52Vanguard Information Technolog92204A70297,237$51.0M0.63%
53Madison Aggregate Bond ETF5574413002,450,956$49.8M0.61%
54Ferguson PLCG3421J106221,021$48.3M0.59%
55Expeditors International of Wa302130109391,571$47.6M0.59%
56Home Depot IncHD121,829$46.7M0.57%
57BlackRock IncBLK55,329$46.1M0.57%
58iShares Aaa - A Rated Corporat46429B291950,827$45.1M0.56%
59Elevance Health IncELV79,630$41.3M0.51%
60Eli Lilly & CoLLY50,985$39.7M0.49%
61Schwab Intermediate-Term U.S.808524854791,930$38.8M0.48%
62Brown-Forman CorpBF-B738,919$38.1M0.47%
63JPMorgan Chase & CoVYLD187,868$37.6M0.46%
64Medtronic PLCMDT423,984$37.0M0.45%
65Microchip Technology IncMCHPP405,533$36.4M0.45%
66Liberty Media Corp-Liberty ForFWONB551,905$36.2M0.45%
67Apple IncAAPL203,796$34.9M0.43%
68American Tower Corp03027X100171,264$33.8M0.42%
69Morgan StanleyMS-PQ346,088$32.6M0.40%
70Glacier Bancorp IncGBCI806,229$32.5M0.40%
71PepsiCo IncPEP184,749$32.3M0.40%
72CME Group IncCME150,104$32.3M0.40%
73EOG Resources IncEOG239,993$30.7M0.38%
74iShares 3-7 Year Treasury Bond464288661254,288$29.4M0.36%
75Cullen/Frost Bankers IncCFR-PB260,888$29.4M0.36%
76Costco Wholesale Corp22160K10539,704$29.1M0.36%
77Fastenal CoFAST367,891$28.4M0.35%
78Comcast CorpCCZ653,908$28.3M0.35%
79Union Pacific CorpUNP112,739$27.7M0.34%
80Automatic Data Processing IncADP108,317$27.1M0.33%
81iShares Core S&P Small-Cap ETF464287804242,781$26.8M0.33%
82NIKE IncNKE284,478$26.7M0.33%
83Liberty Media Corp-Liberty ForFWONB454,863$26.7M0.33%
84SPDR S&P 500 ETF TrustSPY50,948$26.6M0.33%
85Honeywell International Inc438516106126,659$26.0M0.32%
86Chevron CorpCVX163,650$25.8M0.32%
87Abbott LaboratoriesABLZF221,661$25.2M0.31%
88iShares MSCI International Qua46434V456629,734$25.0M0.31%
89Johnson & JohnsonJNJ157,426$24.9M0.31%
90Bristol-Myers Squibb CoCELG-RI433,966$23.5M0.29%
91iShares Core S&P Mid-Cap ETF464287507370,928$22.5M0.28%
92Energy Select Sector SPDR Fund81369Y506235,492$22.2M0.27%
93Air Products & Chemicals IncAIIR89,047$21.6M0.27%
94Oracle CorpORCL-PD171,012$21.5M0.26%
95iShares Core U.S. Aggregate Bo464287226217,815$21.3M0.26%
96iShares MSCI Emerging Markets464286426307,814$21.0M0.26%
97SPDR Portfolio Short Term Trea78468R101703,614$20.3M0.25%
98Las Vegas Sands CorpLVS392,600$20.3M0.25%
99UnitedHealth Group IncUNH38,899$19.2M0.24%
100United Parcel Service IncUPS126,115$18.7M0.23%
101Franklin FTSE Japan ETFFGDL602,086$18.7M0.23%
102Linde PLCLIN40,180$18.7M0.23%
103Transocean LtdRIG2,775,000$17.4M0.21%
104Vanguard FTSE All-World ex-US922042775296,507$17.4M0.21%
105Target CorpTGT96,470$17.1M0.21%
106Exxon Mobil CorpXOM146,361$17.0M0.21%
107Jacobs Solutions IncJ102,177$15.7M0.19%
108Bank of America Corp060505104409,035$15.5M0.19%
109iShares 7-10 Year Treasury Bon464287440162,681$15.4M0.19%
110QUALCOMM IncQCOM89,124$15.1M0.19%
111Vanguard Dividend Appreciation92190884481,879$15.0M0.18%
112McDonald's CorpMCD50,473$14.2M0.18%
113Ciena CorpCIEN283,955$14.0M0.17%
114Cisco Systems IncCSCO280,563$14.0M0.17%
115Procter & Gamble Co74271810979,904$13.0M0.16%
116AES Corp/VAAES711,666$12.8M0.16%
117Constellation Brands IncSTZ45,800$12.4M0.15%
118TE Connectivity LtdTEL83,762$12.2M0.15%
119Ecolab IncECL52,273$12.1M0.15%
120Cummins IncCMI40,887$12.0M0.15%
121Vanguard Large-Cap ETF92290863748,031$11.5M0.14%
122Colgate-Palmolive CoCL127,727$11.5M0.14%
123Caterpillar IncCAT31,076$11.4M0.14%
124CVS Health CorpCVS139,350$11.1M0.14%
125ConocoPhillipsCOP86,300$11.0M0.14%
126Hershey Co/TheHSY55,843$10.9M0.13%
127APA CorpAPA305,900$10.5M0.13%
128Barrick Gold Corp067901108629,500$10.5M0.13%
129Paychex IncPAYX85,245$10.5M0.13%
130iShares MSCI Emerging Markets46434G764181,508$10.4M0.13%
131Encompass Health CorpEHC126,414$10.4M0.13%
132Coca-Cola CoKO169,484$10.4M0.13%
133Schwab US Dividend Equity ETF808524797123,619$10.0M0.12%
134PayPal Holdings IncPYPL140,775$9.4M0.12%
135Newmont CorpNEMCL261,375$9.4M0.12%
136Starbucks CorpSBUX102,037$9.3M0.11%
137T-Mobile US IncTMUSZ54,700$8.9M0.11%
138Invesco Optimum Yield DiversifIVZ628,930$8.7M0.11%
139OneSpaWorld Holdings LtdOSW658,332$8.7M0.11%
140Adobe IncADBE17,197$8.7M0.11%
141Archer-Daniels-Midland CoADM135,900$8.5M0.10%
142Northern Trust CorpNTRSO90,788$8.1M0.10%
143VanEck Gold Miners ETF/USA92189F106252,000$8.0M0.10%
144Nestle SA - Spons ADR64106940674,614$7.9M0.10%
145Summit Materials Inc86614U100174,572$7.8M0.10%
146Intuit IncINTU11,913$7.7M0.10%
147Matador Resources CoMTDR114,000$7.6M0.09%
148WillScot Mobile Mini HoldingsWSC161,660$7.5M0.09%
149Regeneron Pharmaceuticals IncREGN7,791$7.5M0.09%
150Primo Water Corp74167P108403,271$7.3M0.09%
151Dominion Energy IncD141,516$7.0M0.09%
152Core & Main IncCNM119,968$6.9M0.08%
153iShares MBS ETF46428858872,821$6.7M0.08%
154Entegris IncENTG47,800$6.7M0.08%
155Nordstrom Inc655664100324,000$6.6M0.08%
156Global X MLP ETF37954Y343131,021$6.3M0.08%
157FormFactor IncFORM137,888$6.3M0.08%
158Schwab US TIPS ETF808524870119,809$6.2M0.08%
159Vertex Pharmaceuticals IncVRTX14,632$6.1M0.08%
160SPDR Portfolio Long Term Treas78464A664212,612$5.9M0.07%
161Model N Inc607525102207,420$5.9M0.07%
162Pfizer IncPFE212,219$5.9M0.07%
163Cogent Communications HoldingsCCOI86,366$5.6M0.07%
164ASML Holding NV - Spons NY RegASMLF5,812$5.6M0.07%
165WW Grainger Inc3848021045,536$5.6M0.07%
166Wells Fargo & Co94974610194,757$5.5M0.07%
167HDFC Bank Ltd - Spons ADRHDB96,005$5.4M0.07%
168Crane CoCR39,507$5.3M0.07%
169Scotts Miracle-Gro Co/TheSMG70,652$5.3M0.06%
170JPMorgan BetaBuilders Japan ET46641Q21789,267$5.2M0.06%
171Olin CorpOLN87,530$5.1M0.06%
172Illinois Tool Works Inc45230810919,142$5.1M0.06%
173First Trust TCW Unconstrained33740F888207,464$5.1M0.06%
174CommVault Systems IncCVLT50,163$5.1M0.06%
175Legalzoom.com IncLZ358,402$4.8M0.06%
176Simply Good Foods Co/TheSMPL139,489$4.7M0.06%
177SAP SE - Spons ADRSAPGF23,037$4.5M0.06%
178CTS CorpCTS95,823$4.5M0.06%
179Airbus SE - Unspons ADRAIIR95,760$4.4M0.05%
180Edgewell Personal Care Co28035Q102114,068$4.4M0.05%
181HealthEquity IncHQY53,859$4.4M0.05%
182Box IncBXCAP155,033$4.4M0.05%
183SPDR S&P MidCap 400 ETF TrustMDY7,769$4.3M0.05%
184JFrog LtdFROG96,073$4.2M0.05%
185KION Group AG - Unspons ADR497216101319,975$4.2M0.05%
186CyberArk Software LtdM2682V10815,725$4.2M0.05%
187Leonardo DRS IncDRS188,742$4.2M0.05%
188Revolve Group IncRVLV196,935$4.2M0.05%
189Cameco CorpCCJ95,659$4.1M0.05%
190Merck & Co IncMRK31,364$4.1M0.05%
191Crane NXT CoCXT66,728$4.1M0.05%
192International Business MachineINTR21,612$4.1M0.05%
193Southern Copper CorpSCCO38,407$4.1M0.05%
194Pan Pacific International Hold69807K105154,345$4.1M0.05%
195Taiwan Semiconductor Mfg Co Lt87403910029,789$4.1M0.05%
196AstraZeneca PLC - Spons ADRAZN59,783$4.1M0.05%
197Axis Capital Holdings LtdG0692U10961,807$4.0M0.05%
198Power Integrations IncPOWI56,075$4.0M0.05%
199AbbVie IncABBV21,932$4.0M0.05%
200Deutsche Telekom AG - Spons ADDTEGF164,795$4.0M0.05%
201Saia IncSAIA6,805$4.0M0.05%
202Alibaba Group Holding Ltd - SpBBAAY54,666$4.0M0.05%
203Shake Shack IncSHAK37,875$3.9M0.05%
204NXP Semiconductors NVNXPI15,720$3.9M0.05%
205Duluth Holdings IncDLTH762,777$3.7M0.05%
206Ollie's Bargain Outlet Holding68111610946,102$3.7M0.05%
207Lonza Group AG - Unspons ADR54338V10160,246$3.6M0.04%
208Infosys Ltd - Spons ADRINFY198,505$3.6M0.04%
209Humana IncHUM10,080$3.5M0.04%
210Chord Energy CorpCHRD19,389$3.5M0.04%
211Lasertec Corp - Unspons ADR51809L10960,396$3.4M0.04%
212iShares Core S&P 500 ETF4642872006,539$3.4M0.04%
213Vanguard Health Care ETF92204A50412,603$3.4M0.04%
214iShares Global Energy ETF46428734179,036$3.4M0.04%
215Itau Unibanco Holding SA - Spo465562106480,330$3.3M0.04%
216Confluent Inc20717M103108,812$3.3M0.04%
217Hayward Holdings IncHAYW215,488$3.3M0.04%
218Canadian Pacific Kansas City LCP36,472$3.2M0.04%
219Shin-Etsu Chemical Co Ltd - Un824551105144,153$3.2M0.04%
220adidas AG - Spons ADR00687A10727,943$3.1M0.04%
221Wal-Mart de Mexico SAB de CV -93114W10774,611$3.0M0.04%
222Hillman Solutions CorpHLMN277,687$3.0M0.04%
223Western Alliance BancorpWAL-PA45,393$2.9M0.04%
224Toray Industries Inc - Unspons890880206302,230$2.9M0.04%
225Siemens AG - Spons ADR82619750128,986$2.8M0.03%
226Sony Group Corp - Spons ADRSNEJF32,249$2.8M0.03%
227Kerry Group PLC - Spons ADRBEKE31,996$2.7M0.03%
228Manulife Financial Corp56501R106107,972$2.7M0.03%
229AIA Group Ltd - Spons ADR001317205100,239$2.7M0.03%
230Vanguard Extended Duration Tre92191070935,032$2.7M0.03%
231Fomento Economico Mexicano SAB34441910620,325$2.6M0.03%
232Alphabet IncGOOG17,402$2.6M0.03%
233Tencent Holdings Ltd - UnsponsXHLD66,252$2.6M0.03%
234Invesco BuyBack Achievers ETFIVZ23,558$2.5M0.03%
235BRP Group Inc05589G10285,299$2.5M0.03%
236Ferrari NVRACE5,633$2.5M0.03%
237Iron Mountain Inc46284V10130,083$2.4M0.03%
238S&P Global IncSPGI5,659$2.4M0.03%
239Shell PLC - Spons ADRRYDAF35,754$2.4M0.03%
240Daiichi Sankyo Co Ltd - Spons23381D10274,482$2.4M0.03%
241SPDR S&P Dividend ETF78464A76317,962$2.4M0.03%
242London Stock Exchange Group PL54211N10176,878$2.3M0.03%
243Gilead Sciences IncGILD31,680$2.3M0.03%
244Sika AG - Unspons ADR82674R10376,211$2.3M0.03%
245Ping An Insurance Group Co of72341E304265,938$2.3M0.03%
246STMicroelectronics NV - SponsSTMEF52,031$2.2M0.03%
247Prudential PLC - Spons ADRPUKPF116,332$2.2M0.03%
248Gogo IncGOGO253,250$2.2M0.03%
249Treasury Wine Estates Ltd - Sp89465J109265,707$2.2M0.03%
250Amgen IncAMGN7,644$2.2M0.03%
251Mueller Water Products Inc624758108134,914$2.2M0.03%
252NVIDIA CorpNVDA2,350$2.1M0.03%
253Hain Celestial Group Inc/TheHAIN269,168$2.1M0.03%
254LVMH Moet Hennessy Louis Vuitt50244130611,535$2.1M0.03%
255Globus Medical IncGMED38,582$2.1M0.03%
2563M CoMMM19,500$2.1M0.03%
257Prudential Financial IncPUKPF17,391$2.0M0.03%
258Norsk Hydro ASA - Spons ADR656531605358,425$2.0M0.02%
259AMN Healthcare Services Inc00174410130,742$1.9M0.02%
260Distillate Small/Mid Cash Flow26922B66751,967$1.9M0.02%
261Huntsman CorpHUN73,367$1.9M0.02%
262Murata Manufacturing Co Ltd -626425102203,847$1.9M0.02%
263Symrise AG - Unspons ADR87155N10962,716$1.9M0.02%
264Air Liquide SA - Unspons ADRAIIR44,352$1.8M0.02%
265Genmab A/S - Spons ADRGNMSF61,674$1.8M0.02%
266Diageo PLC - Spons ADRDGEAF12,222$1.8M0.02%
267CF Industries Holdings Inc12526910021,789$1.8M0.02%
268Corning IncGLW52,957$1.7M0.02%
269Shiseido Co Ltd - Spons ADR82484140763,042$1.7M0.02%
270Nidec Corp - Spons ADRNODK165,233$1.7M0.02%
271Worldline SA/France - Unspons98161H101255,882$1.6M0.02%
272Keurig Dr Pepper IncKDP48,000$1.5M0.02%
273Schwab Fundamental U.S. Large80852477121,760$1.5M0.02%
274iShares Edge MSCI USA Quality46432F3398,162$1.3M0.02%
275Helios Technologies IncHLIO29,875$1.3M0.02%
276HashiCorp Inc41810010343,769$1.2M0.01%
277Allstate CorpALL-PJ6,327$1.1M0.01%
278LyondellBasell Industries NVLYB10,613$1.1M0.01%
279Dow IncDOW17,898$1.0M0.01%
280iShares Russell 1000 Growth ET4642876142,894$975,4230.01%
281Mastercard IncMA1,895$912,5750.01%
282Travelers Cos IncTRV3,826$880,5160.01%
283Garmin LtdGRMN5,741$854,6630.01%
284iShares MSCI ACWI ex US ETF46428824015,737$840,1980.01%
285iShares Short Treasury Bond ET4642886797,449$823,4120.01%
286Markel CorpMKL538$819,2500.01%
287General Dynamics CorpGD2,630$742,9490.01%
288Meta Platforms IncMETA1,468$713,0730.01%
289Waste Management Inc94106L1093,275$698,0660.01%
290Philip Morris International In7181721097,531$689,9900.01%
291Nucor CorpNUE3,479$688,4940.01%
292iShares Core S&P U.S. Growth E4642876715,226$612,5390.01%
293Cheniere Energy IncLNG3,583$577,8660.01%
294Mondelez International Inc6092071058,170$571,9000.01%
295Altria Group IncMO12,581$548,7830.01%
296Vanguard Short-Term Corporate92206C4096,260$483,9610.01%
297Vanguard Short-Term Bond ETF9219378276,312$483,9410.01%
298iShares iBoxx High Yield Corpo4642885135,900$458,6070.01%
299Estee Lauder Cos Inc/The5184391042,936$452,5840.01%
300Aflac IncAFL5,167$443,6390.01%
301CSX CorpCSX10,988$407,3250.01%
302SPDR Bloomberg 1-3 Month T-Bil78468R6634,371$401,2580.00%
303Emerson Electric CoEMR3,350$379,9570.00%
304Artisan Partners Asset Managem04316A1088,200$375,3140.00%
305Discover Financial Services2547091082,844$372,8200.00%
306RLI CorpRLI2,468$366,4240.00%
307iShares Russell Mid-Cap Growth4642874813,128$357,0300.00%
308iShares Core MSCI EAFE ETF46432F8424,581$340,0020.00%
309Alliant Energy CorpLNT6,730$339,2110.00%
310ARK Innovation ETF00214Q1046,730$337,0380.00%
311Thermo Fisher Scientific IncTMO537$312,1100.00%
312iShares Russell 2000 Growth ET4642876481,082$293,0060.00%
313Broadcom IncAVGO217$287,6140.00%
314Verisk Analytics IncVRSK1,210$285,2330.00%
315iShares Intermediate Governmen4642886122,679$278,5620.00%
316iShares 20 Year Treasury Bond4642874322,909$275,2500.00%
317PulteGroup Inc7458671012,140$258,1270.00%
318iShares Russell 2000 ETF4642876551,211$254,6730.00%
319salesforce.com IncCRM825$248,4740.00%
320iShares S&P 100 ETF4642871011,002$247,9050.00%
321MGE Energy IncMGEE3,138$247,0190.00%
322CBRE Group IncCBRE2,513$244,3640.00%
323Applied Materials Inc0382221051,147$236,5460.00%
324Lincoln Electric Holdings Inc533900106908$231,9400.00%
325Cigna Corp125523100629$228,4470.00%
326Blackstone Group Inc/TheBX1,721$226,0880.00%
327SPDR S&P North American Natura78463X1523,870$211,2250.00%
328Deere & CoDE507$208,2450.00%
329Boston Scientific CorpBSX2,950$202,0460.00%
330Lumen Technologies IncLUMN124,000$193,4400.00%