Madison Asset Management Q2 2026 Portfolio Activity: Strategic Shifts and Holdings Changes

As reported for Q2 2026 (ending June 30th), Madison Asset Management, Llc has demonstrated active management within its portfolio. The firm's holdings underwent considerable shifts during this period, with specific changes tracked in the changed_holdings data.

The investor significantly increased their position in several entities during Q2. Notably, they made large purchases of VictoryShares Free Cash Flow ETF (VFLO), adding 527136 shares and boosting its portfolio allocation to 0.55%. Another significant buy was Invesco S&P 500 Quality ETF (SPHQ), increasing by the full amount from prior period data, raising its weight to 1.01%. Madison also showed a substantial increase in Vanguard Information Technology Fund (VGT) shares purchased, contributing to its portfolio_percentage_allocation of 0.5%.

Furthermore, the investor initiated new positions or significantly increased existing ones with other holdings like Verisk Analytics Inc (VRSK), adding 398522 shares and allocating 0.85%. Similarly, they started a position in indie Semiconductor Inc (INDI) by acquiring 514463 shares outright, contributing just 0.03% to the portfolio but signaling interest. Intercontinental Exchange Inc (ICE), A O Smith Corp (AOS), and Bentley Systems Inc (BSY) also saw substantial increases in holdings during this quarter.

Conversely, Madison Asset Management Llc reduced or exited several positions entirely within Q2 2026. Ross Stores Inc (ROST) experienced a significant decrease of -37.25% in its portfolio allocation due to share reduction (-526283 shares). Aristea Networks Inc (ANET), despite being listed, saw a substantial sell resulting in an exit or near-complete removal from the portfolio, with a huge -73.9% change and negative holdings reported elsewhere? The data shows ANET was present but heavily sold. Similarly, EEMA faced a major reduction (-63.25%) due to large share sales (-232634 shares). KBE (likely a typo for KBW or another ETF) also saw substantial selling pressure with an allocation change of -70.9%.

Additionally, the investor disposed of other holdings during this period, including DSTL and GBCI. Distillate US Fundamental Stability ETF (DSTL) was sold off significantly (-33.98%), while Glacier Bancorp Inc (GBCI) saw its allocation drop by -21.4% due to share sales.

Madison Asset Management Llc also noted activity in other areas, including a small increase in holdings for VRSK and VFLO, but these were already covered under the significant buys category. The firm's portfolio now includes 318 distinct positions as of June 2026.