Madison Investment Advisors

Madison Investment Holdings as of Dec. 31, 2014

Portfolio Holdings for Madison Investment Holdings

Madison Investment Holdings holds 212 positions in its portfolio as reported in the December 2014 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Spdr S&p 500 Etf (SPY) 2.9 $136M 663k 205.54
iShares S&P MidCap 400 Index (IJH) 2.9 $133M 919k 144.80
Markel Corporation (MKL) 2.4 $109M 160k 682.84
Brookfield Asset Management 2.2 $102M 2.0M 50.13
Oracle Corporation (ORCL) 1.9 $88M 2.0M 44.97
Discovery Communications 1.8 $83M 2.4M 33.72
Vanguard Growth ETF (VUG) 1.8 $83M 792k 104.39
Copart (CPRT) 1.6 $75M 2.0M 36.49
Accenture (ACN) 1.6 $73M 822k 89.31
Danaher Corporation (DHR) 1.5 $70M 815k 85.71
Johnson & Johnson (JNJ) 1.5 $69M 657k 104.57
Ross Stores (ROST) 1.5 $69M 728k 94.26
Rockwell Collins 1.5 $69M 814k 84.48
Brown & Brown (BRO) 1.4 $65M 2.0M 32.91
Liberty Global Inc C 1.4 $65M 1.3M 48.31
Vanguard FTSE All-World ex-US ETF (VEU) 1.4 $64M 1.4M 46.86
Microsoft Corporation (MSFT) 1.4 $63M 1.4M 46.45
Berkshire Hathaway (BRK.B) 1.4 $63M 420k 150.15
Powershares Etf Trust dyna buybk ach 1.3 $61M 1.3M 48.05
Jacobs Engineering 1.2 $58M 1.3M 44.69
U.S. Bancorp (USB) 1.2 $55M 1.2M 44.95
Diageo (DEO) 1.2 $55M 478k 114.09
Qualcomm (QCOM) 1.1 $54M 720k 74.33
McDonald's Corporation (MCD) 1.1 $53M 561k 93.70
Nestle SA Reg Shs. Ser. B Spons (NSRGY) 1.1 $52M 715k 72.95
Vanguard Information Technology ETF (VGT) 1.1 $51M 484k 104.48
Advance Auto Parts (AAP) 1.1 $49M 310k 159.28
M&T Bank Corporation (MTB) 1.0 $49M 387k 125.62
CarMax (KMX) 1.0 $48M 725k 66.58
Omni (OMC) 1.0 $48M 614k 77.47
TJX Companies (TJX) 1.0 $47M 681k 68.58
Google Inc Class C 1.0 $46M 88k 526.40
Crown Holdings (CCK) 1.0 $45M 886k 50.90
Exxon Mobil Corporation (XOM) 0.9 $44M 470k 92.45
Boeing Company (BA) 0.9 $44M 335k 129.98
Verizon Communications (VZ) 0.9 $42M 907k 46.78
Pfizer (PFE) 0.9 $41M 1.3M 31.15
Costco Wholesale Corporation (COST) 0.9 $41M 286k 141.75
CVS Caremark Corporation (CVS) 0.9 $40M 417k 96.31
Vanguard Large-Cap ETF (VV) 0.8 $39M 415k 94.39
Procter & Gamble Company (PG) 0.8 $39M 424k 91.09
Sally Beauty Holdings (SBH) 0.8 $39M 1.3M 30.74
WisdomTree Japan Total Dividend (DXJ) 0.8 $39M 788k 49.23
Nordstrom (JWN) 0.8 $38M 481k 79.39
Schwab Strategic Tr us dividend eq (SCHD) 0.8 $36M 905k 39.85
Travelers Companies (TRV) 0.8 $35M 334k 105.85
Laboratory Corp. of America Holdings (LH) 0.7 $34M 319k 107.90
Wells Fargo & Company (WFC) 0.7 $33M 610k 54.82
Paccar (PCAR) 0.7 $34M 494k 68.01
World Fuel Services Corporation (WKC) 0.7 $33M 712k 46.93
Apple (AAPL) 0.7 $33M 300k 110.38
UnitedHealth (UNH) 0.7 $33M 325k 101.09
Cdw (CDW) 0.7 $33M 931k 35.17
Progressive Corporation (PGR) 0.7 $32M 1.2M 26.99
United Technologies Corporation 0.7 $32M 279k 115.00
W.R. Berkley Corporation (WRB) 0.7 $32M 629k 51.26
Citigroup (C) 0.7 $32M 595k 54.11
Time Warner 0.7 $31M 364k 85.42
DaVita (DVA) 0.7 $31M 411k 75.74
Schlumberger (SLB) 0.7 $31M 368k 85.41
Medtronic (MDT) 0.7 $31M 432k 72.20
Wal-Mart Stores (WMT) 0.7 $31M 361k 85.88
Baxter International (BAX) 0.7 $31M 418k 73.29
Apache Corporation 0.7 $31M 492k 62.67
iShares S&P SmallCap 600 Index (IJR) 0.7 $31M 268k 114.06
TransDigm Group Incorporated (TDG) 0.6 $30M 153k 196.35
Perrigo Company (PRGO) 0.6 $30M 178k 167.16
Occidental Petroleum Corporation (OXY) 0.6 $29M 361k 80.61
Express Scripts Holding 0.6 $29M 336k 84.67
Duke Energy (DUK) 0.6 $28M 339k 83.54
Visa (V) 0.6 $28M 107k 262.20
Te Connectivity Ltd for (TEL) 0.6 $28M 443k 63.25
United Parcel Service (UPS) 0.6 $28M 248k 111.17
Expeditors International of Washington (EXPD) 0.6 $27M 601k 44.61
DENTSPLY International 0.6 $27M 499k 53.27
Fastenal Company (FAST) 0.6 $26M 546k 47.56
Cameron International Corporation 0.6 $26M 511k 49.95
American International (AIG) 0.6 $26M 458k 56.01
EMC Corporation 0.5 $25M 835k 29.74
Twenty-first Century Fox 0.5 $25M 650k 38.40
Amphenol Corporation (APH) 0.5 $24M 449k 53.81
Varian Medical Systems 0.5 $24M 276k 86.51
Catamaran 0.5 $24M 460k 51.75
Home Depot (HD) 0.5 $23M 220k 104.97
SPDR S&P Dividend (SDY) 0.5 $23M 296k 78.80
Wisdomtree Tr intl hedge eqt (HEDJ) 0.5 $23M 411k 55.62
Amgen (AMGN) 0.5 $22M 139k 159.29
Linear Technology Corporation 0.5 $22M 479k 45.60
Arch Capital Group (ACGL) 0.5 $22M 367k 59.10
Glacier Ban (GBCI) 0.5 $22M 788k 27.77
T. Rowe Price (TROW) 0.5 $21M 248k 85.86
Generac Holdings (GNRC) 0.5 $21M 457k 46.76
eBay (EBAY) 0.4 $21M 366k 56.12
Pepsi (PEP) 0.4 $19M 203k 94.56
Colfax Corporation 0.4 $19M 370k 51.57
CBS Corporation 0.4 $19M 334k 55.34
Starbucks Corporation (SBUX) 0.4 $18M 223k 82.05
Chevron Corporation (CVX) 0.4 $18M 156k 112.18
General Mills (GIS) 0.4 $18M 332k 53.33
iShares Russell Midcap Index Fund (IWR) 0.4 $18M 106k 167.04
Merck & Co (MRK) 0.4 $17M 307k 56.79
3M Company (MMM) 0.4 $17M 103k 164.32
Amazon (AMZN) 0.4 $17M 54k 310.35
MetLife (MET) 0.4 $17M 312k 54.09
SPDR Gold Trust (GLD) 0.3 $16M 142k 113.58
General Electric Company 0.3 $16M 618k 25.27
Biogen Idec (BIIB) 0.3 $14M 42k 339.44
W.W. Grainger (GWW) 0.3 $13M 50k 254.89
EOG Resources (EOG) 0.3 $12M 132k 92.07
Vanguard Health Care ETF (VHT) 0.3 $12M 98k 125.59
BB&T Corporation 0.2 $11M 280k 38.89
Gilead Sciences (GILD) 0.2 $11M 113k 94.26
Northern Trust Corporation (NTRS) 0.2 $10M 151k 67.40
PowerShares QQQ Trust, Series 1 0.2 $10M 99k 103.25
Brown-Forman Corporation (BF.B) 0.2 $9.6M 110k 87.84
FedEx Corporation (FDX) 0.2 $9.3M 53k 173.65
Automatic Data Processing (ADP) 0.2 $8.9M 107k 83.37
Novartis (NVS) 0.2 $8.9M 96k 92.66
Praxair 0.2 $8.8M 68k 129.56
Ishares msci uk 0.2 $8.9M 493k 18.03
Coca-Cola Company (KO) 0.2 $8.2M 194k 42.22
National-Oilwell Var 0.2 $8.5M 130k 65.53
Whole Foods Market 0.2 $8.5M 168k 50.42
Celgene Corporation 0.2 $8.2M 73k 111.86
priceline.com Incorporated 0.2 $7.4M 6.5k 1140.16
PowerShares FTSE RAFI US 1000 0.2 $7.5M 82k 91.43
Mondelez Int (MDLZ) 0.2 $7.4M 203k 36.32
Walt Disney Company (DIS) 0.1 $7.0M 74k 94.19
Intel Corporation (INTC) 0.1 $7.1M 196k 36.29
Masco Corporation (MAS) 0.1 $7.2M 285k 25.20
Baker Hughes Incorporated 0.1 $7.0M 124k 56.07
SPDR S&P MidCap 400 ETF (MDY) 0.1 $6.3M 24k 263.98
Directv 0.1 $6.3M 73k 86.70
Bank of New York Mellon Corporation (BK) 0.1 $6.1M 149k 40.57
ConocoPhillips (COP) 0.1 $6.2M 90k 69.06
Altera Corporation 0.1 $6.2M 167k 36.94
PNC Financial Services (PNC) 0.1 $5.4M 59k 91.24
Stericycle (SRCL) 0.1 $5.6M 43k 131.09
Waste Management (WM) 0.1 $5.1M 99k 51.32
RevenueShares Large Cap Fund 0.1 $4.6M 113k 40.77
SPDR S&P China (GXC) 0.1 $4.8M 60k 79.64
Becton, Dickinson and (BDX) 0.1 $3.5M 25k 139.18
Vanguard Dividend Appreciation ETF (VIG) 0.1 $3.5M 43k 81.16
iShares S&P Global Energy Sector (IXC) 0.1 $3.7M 99k 37.19
Lululemon Athletica (LULU) 0.1 $3.2M 57k 55.79
PowerShares FTSE RAFI US 1500 Small-Mid 0.1 $3.3M 33k 100.75
PowerShares FTSE RAFI Developed Markets 0.1 $3.4M 86k 39.50
RevenueShares Mid Cap Fund 0.1 $3.3M 69k 48.41
Mosaic (MOS) 0.1 $3.3M 72k 45.65
International Flavors & Fragrances (IFF) 0.1 $3.0M 30k 101.36
Nuance Communications 0.1 $2.3M 164k 14.27
Nike (NKE) 0.1 $2.2M 23k 96.15
Vanguard Mid-Cap Value ETF (VOE) 0.1 $2.5M 28k 89.43
JPMorgan Chase & Co. (JPM) 0.0 $1.7M 28k 62.57
State Street Corporation (STT) 0.0 $1.8M 23k 78.49
RevenueShares Small Cap Fund 0.0 $1.8M 31k 57.07
Tortoise MLP Fund 0.0 $2.0M 72k 27.92
iShares MSCI EAFE Index Fund (EFA) 0.0 $1.2M 19k 60.84
Lowe's Companies (LOW) 0.0 $1.5M 21k 68.79
iShares S&P 100 Index (OEF) 0.0 $1.4M 16k 90.95
Vanguard Emerging Markets ETF (VWO) 0.0 $1.3M 32k 40.01
Vanguard Value ETF (VTV) 0.0 $1.2M 14k 84.49
Ecolab (ECL) 0.0 $1.0M 9.7k 104.51
Cisco Systems (CSCO) 0.0 $846k 30k 27.81
Analog Devices (ADI) 0.0 $728k 13k 55.53
Kroger (KR) 0.0 $838k 13k 64.20
McKesson Corporation (MCK) 0.0 $1.1M 5.2k 207.67
International Business Machines (IBM) 0.0 $861k 5.4k 160.45
Stryker Corporation (SYK) 0.0 $889k 9.4k 94.34
Google 0.0 $1.1M 2.1k 530.79
RevenueShares ADR Fund 0.0 $785k 22k 35.89
WisdomTree Emerging Mkts Small Cp Div (DGS) 0.0 $929k 22k 43.14
Vanguard S&p 500 Etf idx (VOO) 0.0 $739k 3.9k 188.47
Reinsurance Group of America (RGA) 0.0 $529k 6.0k 87.58
Rli (RLI) 0.0 $377k 7.6k 49.38
Health Care SPDR (XLV) 0.0 $427k 6.3k 68.32
Bristol Myers Squibb (BMY) 0.0 $382k 6.5k 59.02
At&t (T) 0.0 $380k 11k 33.57
Kimberly-Clark Corporation (KMB) 0.0 $280k 2.4k 115.61
Kohl's Corporation (KSS) 0.0 $248k 4.1k 61.08
Noble Energy 0.0 $361k 7.6k 47.44
Morgan Stanley (MS) 0.0 $636k 16k 38.78
E.I. du Pont de Nemours & Company 0.0 $296k 4.0k 74.00
American Financial (AFG) 0.0 $588k 9.7k 60.74
Altria (MO) 0.0 $602k 12k 49.25
Colgate-Palmolive Company (CL) 0.0 $448k 6.5k 69.24
Philip Morris International (PM) 0.0 $696k 8.5k 81.47
iShares S&P 500 Index (IVV) 0.0 $554k 2.7k 206.79
Dollar Tree (DLTR) 0.0 $439k 6.2k 70.35
Discovery Communications 0.0 $606k 18k 34.43
J.M. Smucker Company (SJM) 0.0 $497k 4.9k 101.02
Invesco (IVZ) 0.0 $564k 14k 39.53
Seagate Technology Com Stk 0.0 $698k 11k 66.48
FMC Corporation (FMC) 0.0 $476k 8.4k 56.97
Oneok Partners 0.0 $317k 8.0k 39.62
Consumer Staples Select Sect. SPDR (XLP) 0.0 $402k 8.3k 48.49
iShares Dow Jones Select Dividend (DVY) 0.0 $312k 3.9k 79.49
Vanguard European ETF (VGK) 0.0 $286k 5.5k 52.33
PowerShares FTSE RAFI Emerging MarketETF 0.0 $378k 20k 18.62
WisdomTree MidCap Dividend Fund (DON) 0.0 $320k 3.8k 83.84
WisdomTree SmallCap Dividend Fund (DES) 0.0 $546k 7.7k 70.87
Vanguard FTSE All Wld Ex USSml Cap (VSS) 0.0 $380k 4.0k 95.29
Phillips 66 (PSX) 0.0 $269k 3.8k 71.70
Ishares Inc core msci emkt (IEMG) 0.0 $550k 12k 47.04
Sch Fnd Us Lg Etf schwb fdt us lg (FNDX) 0.0 $252k 8.4k 30.08
Tyco International 0.0 $527k 12k 43.85
California Resources 0.0 $324k 59k 5.51
Caterpillar (CAT) 0.0 $220k 2.4k 91.67
Abbott Laboratories (ABT) 0.0 $227k 5.0k 45.00
Norfolk Southern (NSC) 0.0 $229k 2.1k 109.73
AGL Resources 0.0 $205k 3.8k 54.59
Allstate Corporation (ALL) 0.0 $218k 3.1k 70.32