# Madison Investment Advisors, LLC

> Institutional holdings reported to the SEC as of Q4 2024 on Form 13F. CIK 1507115. Source: https://holderbook.com/funds/1507115-madison-investment-advisors-llc/

- Reported value: $8.9B
- Positions: 335
- Weight of the ten largest: 26.1%
- Filed: 2025-02-11

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| ARCH CAP GROUP LTD | [ACGL](https://holderbook.com/stocks/ACGL/) | $410.0M | 4,439,745 | 4.6% | 1 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $257.8M | 1,353,569 | 2.9% | 1 |
| PACCAR INC | [PCAR](https://holderbook.com/stocks/PCAR/) | $254.7M | 2,448,096 | 2.9% | 1 |
| COPART INC | [CPRT](https://holderbook.com/stocks/CPRT/) | $253.7M | 4,420,382 | 2.9% | 1 |
| GARTNER INC | [IT](https://holderbook.com/stocks/IT/) | $244.8M | 505,292 | 2.8% | 1 |
| ROSS STORES INC | [ROST](https://holderbook.com/stocks/ROST/) | $230.2M | 1,521,809 | 2.6% | 1 |
| BROWN & BROWN INC | [BRO](https://holderbook.com/stocks/BRO/) | $198.0M | 1,941,098 | 2.2% | 1 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $162.7M | 741,418 | 1.8% | 1 |
| AMPHENOL CORP | [APH](https://holderbook.com/stocks/APH/) | $157.7M | 2,271,402 | 1.8% | 1 |
| CARLISLE COS INC | [CSL](https://holderbook.com/stocks/CSL/) | $148.2M | 401,822 | 1.7% | 1 |
| FISERV INC | [FISV](https://holderbook.com/stocks/FISV/) | $134.7M | 655,777 | 1.5% | 1 |
| ARISTA NETWORKS INC | [ANET](https://holderbook.com/stocks/ANET/) | $133.6M | 1,208,442 | 1.5% | 1 |
| CDW CORP | [CDW](https://holderbook.com/stocks/CDW/) | $131.0M | 752,677 | 1.5% | 1 |
| LABCORP HOLDINGS INC | [LH](https://holderbook.com/stocks/LH/) | $123.4M | 538,178 | 1.4% | 1 |
| LIBERTY BROADBAND CORP | [LBRDK](https://holderbook.com/stocks/LBRDK/) | $122.7M | 1,641,438 | 1.4% | 1 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $119.0M | 376,465 | 1.3% | 1 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $115.1M | 613,706 | 1.3% | 1 |
| DOLLAR TREE INC | [DLTR](https://holderbook.com/stocks/DLTR/) | $113.3M | 1,512,075 | 1.3% | 1 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $111.5M | 524,664 | 1.3% | 1 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $111.3M | 245,479 | 1.3% | 1 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $110.8M | 448,844 | 1.2% | 1 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $107.3M | 305,088 | 1.2% | 1 |
| WATERS CORP | [WAT](https://holderbook.com/stocks/WAT/) | $104.6M | 282,076 | 1.2% | 1 |
| PROGRESSIVE CORP | [PGR](https://holderbook.com/stocks/PGR/) | $103.6M | 432,488 | 1.2% | 1 |
| BERKLEY W R CORP | [WRB](https://holderbook.com/stocks/WRB/) | $98.4M | 1,682,258 | 1.1% | 1 |
| FLOOR & DECOR HLDGS INC | [FND](https://holderbook.com/stocks/FND/) | $97.6M | 978,458 | 1.1% | 1 |
| MKS INC. | [MKSI](https://holderbook.com/stocks/MKSI/) | $97.5M | 933,936 | 1.1% | 1 |
| US BANCORP | [USB](https://holderbook.com/stocks/USB/) | $96.6M | 2,018,822 | 1.1% | 1 |
| THOR INDS INC | [THO](https://holderbook.com/stocks/THO/) | $95.7M | 999,768 | 1.1% | 1 |
| TELEDYNE TECHNOLOGIES INC | [TDY](https://holderbook.com/stocks/TDY/) | $94.7M | 204,082 | 1.1% | 1 |
| BROOKFIELD ASSET MANAGMT LTD | [BAM](https://holderbook.com/stocks/BAM/) | $94.1M | 1,736,887 | 1.1% | 1 |
| AGILENT TECHNOLOGIES INC | [A](https://holderbook.com/stocks/A/) | $94.1M | 700,094 | 1.1% | 1 |
| LITHIA MTRS INC | [LAD](https://holderbook.com/stocks/LAD/) | $91.2M | 255,125 | 1.0% | 1 |
| INVESCO EXCHANGE TRADED FD T | [SPHQ](https://holderbook.com/stocks/SPHQ/) | $88.6M | 1,322,117 | 1.0% | 1 |
| KEYSIGHT TECHNOLOGIES INC | [KEYS](https://holderbook.com/stocks/KEYS/) | $88.2M | 548,874 | 1.0% | 1 |
| MOELIS & CO | [MC](https://holderbook.com/stocks/MC/) | $86.1M | 1,164,887 | 1.0% | 1 |
| ASBURY AUTOMOTIVE GROUP INC | [ABG](https://holderbook.com/stocks/ABG/) | $82.4M | 339,160 | 0.9% | 1 |
| PARKER-HANNIFIN CORP | [PH](https://holderbook.com/stocks/PH/) | $79.5M | 125,068 | 0.9% | 1 |
| ALCON AG | [ALC](https://holderbook.com/stocks/ALC/) | $79.0M | 931,197 | 0.9% | 1 |
| MICROCHIP TECHNOLOGY INC. | [MCHP](https://holderbook.com/stocks/MCHP/) | $78.7M | 1,371,603 | 0.9% | 1 |
| LIBERTY MEDIA CORP DEL | [FWONK](https://holderbook.com/stocks/FWONK/) | $78.3M | 845,119 | 0.9% | 1 |
| JANUS DETROIT STR TR | [JMBS](https://holderbook.com/stocks/JMBS/) | $75.8M | 1,715,313 | 0.9% | 1 |
| ARMSTRONG WORLD INDS INC NEW | [AWI](https://holderbook.com/stocks/AWI/) | $75.2M | 532,387 | 0.8% | 1 |
| ETF SER SOLUTIONS | [DSTL](https://holderbook.com/stocks/DSTL/) | $72.4M | 1,318,928 | 0.8% | 1 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $71.2M | 961,439 | 0.8% | 1 |
| BROOKFIELD CORP | [BN](https://holderbook.com/stocks/BN/) | $69.7M | 1,213,230 | 0.8% | 1 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $64.2M | 279,500 | 0.7% | 1 |
| MADISON ETFS TRUST | [MSTI](https://holderbook.com/stocks/MSTI/) | $63.0M | 3,096,207 | 0.7% | 1 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $62.3M | 147,855 | 0.7% | 1 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $61.9M | 512,440 | 0.7% | 1 |
| BROWN FORMAN CORP | [BFB](https://holderbook.com/stocks/BFB/) | $61.2M | 1,611,231 | 0.7% | 1 |
| MARSH & MCLENNAN COS INC | [MRSH](https://holderbook.com/stocks/MRSH/) | $57.9M | 272,729 | 0.7% | 1 |
| MADISON ETFS TRUST | [MAGG](https://holderbook.com/stocks/MAGG/) | $57.4M | 2,862,010 | 0.6% | 1 |
| SCHWAB STRATEGIC TR | [SCHR](https://holderbook.com/stocks/SCHR/) | $56.3M | 2,316,840 | 0.6% | 1 |
| MADISON ETFS TRUST | [CVRD](https://holderbook.com/stocks/CVRD/) | $56.1M | 2,987,290 | 0.6% | 1 |
| EXPEDITORS INTL WASH INC | [EXPD](https://holderbook.com/stocks/EXPD/) | $55.0M | 496,852 | 0.6% | 1 |
| MADISON ETFS TRUST | [DIVL](https://holderbook.com/stocks/DIVL/) | $53.5M | 2,519,603 | 0.6% | 1 |
| FERGUSON ENTERPRISES INC | [FERG](https://holderbook.com/stocks/FERG/) | $52.2M | 300,601 | 0.6% | 1 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $50.4M | 702,937 | 0.6% | 1 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $50.1M | 118,311 | 0.6% | 1 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $49.6M | 544,004 | 0.6% | 1 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $48.6M | 193,953 | 0.5% | 1 |
| GLACIER BANCORP INC NEW | [GBCI](https://holderbook.com/stocks/GBCI/) | $47.8M | 951,224 | 0.5% | 1 |
| CULLEN FROST BANKERS INC | [CFR](https://holderbook.com/stocks/CFR/) | $46.2M | 344,307 | 0.5% | 1 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $41.7M | 107,182 | 0.5% | 1 |
| BLACKROCK INC | [BLK](https://holderbook.com/stocks/BLK/) | $38.8M | 37,884 | 0.4% | 1 |
| VANGUARD WORLD FD | [VGT](https://holderbook.com/stocks/VGT/) | $38.8M | 62,334 | 0.4% | 1 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $38.3M | 49,648 | 0.4% | 1 |
| LIBERTY MEDIA CORP DEL | [FWONA](https://holderbook.com/stocks/FWONA/) | $38.2M | 454,863 | 0.4% | 1 |
| GRACO INC | [GGG](https://holderbook.com/stocks/GGG/) | $38.2M | 453,186 | 0.4% | 1 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $38.1M | 159,007 | 0.4% | 1 |
| AUTOMATIC DATA PROCESSING IN | [ADP](https://holderbook.com/stocks/ADP/) | $37.1M | 126,846 | 0.4% | 1 |
| ISHARES TR | [QLTA](https://holderbook.com/stocks/QLTA/) | $33.6M | 718,296 | 0.4% | 1 |
| NIKE INC | [NKE](https://holderbook.com/stocks/NKE/) | $33.1M | 437,701 | 0.4% | 1 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $32.8M | 55,969 | 0.4% | 1 |
| ISHARES INC | [EEMA](https://holderbook.com/stocks/EEMA/) | $31.6M | 440,473 | 0.4% | 1 |
| HONEYWELL INTL INC | [HONZZZZ](https://holderbook.com/stocks/HONZZZZ/) | $30.9M | 136,726 | 0.3% | 1 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $30.7M | 33,543 | 0.3% | 1 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $29.9M | 374,646 | 0.3% | 1 |
| AMERICAN TOWER CORP | [AMT](https://holderbook.com/stocks/AMT/) | $29.7M | 161,703 | 0.3% | 1 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $29.5M | 203,767 | 0.3% | 1 |
| ISHARES TR | [IEI](https://holderbook.com/stocks/IEI/) | $27.7M | 239,844 | 0.3% | 1 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $27.7M | 182,097 | 0.3% | 1 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $27.7M | 166,029 | 0.3% | 1 |
| CME GROUP INC | [CME](https://holderbook.com/stocks/CME/) | $24.8M | 106,780 | 0.3% | 1 |
| CONOCOPHILLIPS | [COP](https://holderbook.com/stocks/COP/) | $24.6M | 248,409 | 0.3% | 1 |
| ELEVANCE HEALTH INC FORMERLY | [ELV](https://holderbook.com/stocks/ELV/) | $22.9M | 62,081 | 0.3% | 1 |
| STATE STR SPDR S&P MIDCAP 40 | [MDY](https://holderbook.com/stocks/MDY/) | $22.7M | 39,842 | 0.3% | 1 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $22.5M | 599,394 | 0.3% | 1 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $22.0M | 194,717 | 0.2% | 1 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $22.0M | 96,522 | 0.2% | 1 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $21.4M | 343,931 | 0.2% | 1 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $21.0M | 166,706 | 0.2% | 1 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $20.9M | 181,321 | 0.2% | 1 |
| LAS VEGAS SANDS CORP | [LVS](https://holderbook.com/stocks/LVS/) | $20.2M | 392,600 | 0.2% | 1 |
| ISHARES TR | [IEF](https://holderbook.com/stocks/IEF/) | $19.9M | 214,991 | 0.2% | 1 |
| FRANKLIN TEMPLETON ETF TR | [FLJP](https://holderbook.com/stocks/FLJP/) | $19.8M | 693,406 | 0.2% | 1 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $19.7M | 135,929 | 0.2% | 1 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $19.0M | 37,613 | 0.2% | 1 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $18.6M | 192,007 | 0.2% | 1 |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q4 2024 | $8.9B | 335 |