Madison Investment Advisors

Madison Investment Advisors as of Dec. 31, 2010

Portfolio Holdings for Madison Investment Advisors

Madison Investment Advisors holds 215 positions in its portfolio as reported in the December 2010 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Microsoft Corporation (MSFT) 2.1 $88M 314k 279.10
Google 2.1 $88M 15k 5939.86
Cisco Systems (CSCO) 2.1 $85M 419k 202.30
Johnson & Johnson (JNJ) 2.0 $81M 131k 618.50
Pepsi (PEP) 2.0 $81M 124k 653.30
Chevron Corporation (CVX) 1.9 $78M 86k 912.50
International Business Machines (IBM) 1.9 $78M 53k 1467.62
Waste Management (WM) 1.9 $77M 209k 368.70
Intel Corporation (INTC) 1.8 $75M 354k 210.30
Southwestern Energy Company 1.8 $73M 196k 374.30
Noble Corporation Com Stk 1.6 $67M 186k 357.70
U.S. Bancorp (USB) 1.6 $65M 241k 269.70
Merck & Co (MRK) 1.5 $63M 175k 360.40
Omni (OMC) 1.5 $60M 132k 458.00
Laboratory Corp. of America Holdings 1.5 $60M 68k 879.20
Wells Fargo & Company (WFC) 1.4 $60M 192k 309.90
Bank of New York Mellon Corporation (BK) 1.4 $59M 197k 302.00
Markel Corporation (MKL) 1.4 $59M 16k 3781.55
3M Company (MMM) 1.4 $58M 67k 863.02
Visa (V) 1.4 $56M 79k 703.80
Coca-Cola Company (KO) 1.2 $51M 78k 657.70
Schlumberger (SLB) 1.2 $50M 60k 835.01
Brookfield Asset Management 1.2 $49M 146k 332.90
Kraft Foods 1.1 $48M 151k 315.10
Occidental Petroleum Corporation (OXY) 1.1 $47M 48k 981.00
T. Rowe Price (TROW) 1.1 $45M 70k 645.41
Qualcomm (QCOM) 1.1 $44M 89k 494.90
Novartis (NVS) 1.0 $43M 73k 589.50
Pfizer (PFE) 1.0 $42M 237k 175.10
Copart (CPRT) 1.0 $41M 110k 373.50
Jacobs Engineering 1.0 $41M 89k 458.51
Diageo (DEO) 1.0 $41M 54k 743.30
Ecolab (ECL) 1.0 $40M 80k 504.20
Apache Corporation 1.0 $39M 33k 1192.32
FLIR Systems 1.0 $40M 133k 297.50
UnitedHealth (UNH) 0.9 $39M 107k 361.11
Arch Capital Group (ACGL) 0.9 $38M 44k 880.50
Broadridge Financial Solutions (BR) 0.9 $37M 169k 219.30
Western Union Company (WU) 0.9 $37M 199k 185.70
Target Corporation (TGT) 0.9 $37M 62k 601.31
TJX Companies (TJX) 0.9 $37M 82k 443.89
iShares S&P 100 Index (OEF) 0.9 $36M 63k 566.70
Illinois Tool Works (ITW) 0.8 $35M 66k 534.00
Bed Bath & Beyond 0.8 $34M 70k 491.51
Celgene Corporation 0.8 $34M 58k 591.40
Techne Corporation 0.8 $34M 52k 656.71
DENTSPLY International 0.8 $33M 95k 341.70
Apple (AAPL) 0.8 $33M 10k 3225.66
Exxon Mobil Corporation (XOM) 0.8 $32M 43k 731.21
Franklin Resources (BEN) 0.8 $31M 28k 1112.12
Vanguard Total Bond Market ETF (BND) 0.7 $30M 38k 802.70
At&t (T) 0.7 $30M 101k 293.80
Leucadia National 0.7 $29M 100k 291.80
Walgreen Company 0.7 $29M 74k 389.60
St. Jude Medical 0.7 $29M 68k 427.51
ConocoPhillips (COP) 0.7 $29M 42k 681.00
Brown & Brown (BRO) 0.7 $28M 118k 239.40
EOG Resources (EOG) 0.7 $28M 31k 914.11
IDEX Corporation (IEX) 0.7 $27M 70k 391.20
Vanguard FTSE All-World ex-US ETF (VEU) 0.6 $26M 53k 477.31
Costco Wholesale Corporation (COST) 0.6 $25M 35k 722.09
Covance 0.6 $25M 48k 514.10
SEI Investments Company (SEIC) 0.6 $24M 102k 237.90
American Express Company (AXP) 0.6 $24M 56k 429.20
Yum! Brands (YUM) 0.6 $24M 48k 490.51
C.R. Bard 0.5 $22M 23k 917.70
Wabtec Corporation (WAB) 0.5 $21M 40k 528.90
McCormick & Company, Incorporated (MKC) 0.5 $21M 45k 465.31
JPMorgan Chase & Co. (JPM) 0.5 $21M 48k 424.21
FactSet Research Systems (FDS) 0.5 $20M 22k 937.62
Marathon Oil Corporation (MRO) 0.5 $20M 55k 370.29
CarMax (KMX) 0.5 $20M 62k 318.81
Ritchie Bros. Auctioneers Inco 0.5 $20M 86k 230.50
W.R. Berkley Corporation (WRB) 0.5 $20M 73k 273.80
Brown-Forman Corporation (BF.B) 0.5 $19M 28k 696.20
Amphenol Corporation (APH) 0.5 $19M 37k 527.81
Medtronic 0.5 $19M 51k 370.90
Vanguard Large-Cap ETF (VV) 0.5 $19M 33k 576.12
Walt Disney Company (DIS) 0.5 $18M 49k 375.11
Weatherford International Lt reg 0.5 $19M 81k 228.00
Travelers Companies (TRV) 0.4 $18M 32k 557.09
Berkshire Hathaway (BRK.B) 0.4 $18M 22k 801.14
Lockheed Martin Corporation (LMT) 0.4 $18M 25k 699.08
Exelon Corporation (EXC) 0.4 $17M 42k 416.40
IntercontinentalEx.. 0.4 $17M 15k 1191.56
Lowe's Companies (LOW) 0.4 $17M 67k 250.79
Lamar Advertising Company 0.4 $16M 41k 398.41
Procter & Gamble Company (PG) 0.4 $16M 25k 643.30
Adobe Systems Incorporated (ADBE) 0.4 $16M 52k 307.81
Air Products & Chemicals (APD) 0.4 $15M 17k 909.53
Emerson Electric (EMR) 0.4 $15M 26k 571.71
Ens 0.3 $15M 27k 533.81
eBay (EBAY) 0.3 $15M 52k 278.29
Axis Capital Holdings (AXS) 0.3 $14M 40k 358.80
Philip Morris International (PM) 0.3 $14M 24k 585.31
Amazon (AMZN) 0.3 $14M 7.6k 1799.95
Nucor Corporation (NUE) 0.3 $13M 30k 438.20
Willis Group Holdings 0.3 $13M 38k 346.31
Petrohawk Energy Corporation 0.3 $13M 71k 182.51
Allergan 0.3 $12M 18k 686.72
Baxter International (BAX) 0.3 $12M 23k 506.19
Liberty Global 0.3 $12M 34k 338.91
Nextera Energy (NEE) 0.3 $12M 22k 519.91
McDonald's Corporation (MCD) 0.3 $11M 14k 767.62
iShares Gold Trust 0.3 $11M 79k 139.00
Crown Castle International 0.3 $11M 25k 438.33
Avon Products 0.3 $11M 37k 290.60
NYSE Euronext 0.2 $9.9M 33k 299.79
Morgan Stanley (MS) 0.2 $9.8M 36k 272.10
United Technologies Corporation 0.2 $9.8M 13k 787.18
Time Warner 0.2 $9.5M 30k 321.69
Goldman Sachs (GS) 0.2 $9.3M 5.6k 1681.62
IDEXX Laboratories (IDXX) 0.2 $9.5M 14k 692.23
SYSCO Corporation (SYY) 0.2 $9.3M 32k 294.02
Brookfield Ppty Corp Cad 0.2 $9.3M 53k 175.31
Vanguard Dividend Appreciation ETF (VIG) 0.2 $9.5M 18k 526.33
Vodafone 0.2 $9.0M 34k 264.39
Biogen Idec (BIIB) 0.2 $9.3M 14k 670.53
Freeport-McMoRan Copper & Gold (FCX) 0.2 $9.1M 7.6k 1200.92
Valspar Corporation 0.2 $8.5M 25k 344.81
Deere & Company (DE) 0.2 $8.8M 11k 830.46
General Electric Company 0.2 $8.2M 45k 182.90
BMC Software 0.2 $8.1M 17k 471.37
Rli (RLI) 0.2 $7.7M 15k 525.71
Gilead Sciences (GILD) 0.2 $7.8M 22k 362.41
Genzyme Corporation 0.2 $7.9M 11k 712.04
Contango Oil & Gas Company 0.2 $7.9M 14k 579.32
PowerShares QQQ Trust, Series 1 0.2 $7.9M 14k 544.63
Via 0.2 $7.0M 18k 396.13
Starbucks Corporation (SBUX) 0.2 $6.9M 22k 321.32
Knight Transportation 0.2 $6.9M 37k 190.01
Sears Holdings Corporation 0.2 $7.2M 9.8k 737.62
Varian Semiconductor 0.2 $7.0M 19k 369.71
Affiliated Managers (AMG) 0.2 $6.4M 6.5k 992.15
Lumber Liquidators Holdings (LLFLQ) 0.2 $6.7M 27k 249.11
Best Buy (BBY) 0.2 $6.7M 20k 342.92
Mylan 0.2 $6.4M 30k 211.29
Roper Industries (ROP) 0.2 $6.5M 8.5k 764.35
SPDR MSCI ACWI ex-US (CWI) 0.2 $6.4M 19k 339.11
Boeing Company (BA) 0.1 $6.0M 9.2k 652.60
HMS Holdings 0.1 $6.0M 9.3k 647.70
Bank of America Corporation (BAC) 0.1 $5.8M 44k 133.40
Home Depot (HD) 0.1 $5.9M 17k 350.59
Spdr S&p 500 Etf (SPY) 0.1 $5.7M 4.5k 1257.54
Flextronics International Ltd Com Stk (FLEX) 0.1 $5.7M 73k 78.50
Barclays Bk Plc ipth s^p vix 0.1 $5.8M 16k 376.08
Blackboard 0.1 $5.3M 13k 413.01
V.F. Corporation (VFC) 0.1 $4.9M 5.7k 861.71
Vanguard Mega Cap 300 Growth Index ETF (MGK) 0.1 $4.8M 10k 473.14
State Street Corporation (STT) 0.1 $4.5M 9.7k 463.40
American Eagle Outfitters (AEO) 0.1 $4.2M 29k 146.29
Paychex (PAYX) 0.1 $4.1M 13k 309.06
Symantec Corporation 0.1 $4.2M 25k 167.41
Zimmer Holdings (ZBH) 0.1 $4.2M 7.9k 536.88
iShares iBoxx $ High Yid Corp Bond (HYG) 0.1 $4.0M 4.4k 902.91
Automatic Data Processing (ADP) 0.1 $3.7M 8.1k 462.86
Vanguard Intermediate-Term Bond ETF (BIV) 0.1 $3.7M 4.5k 824.89
Spectra Energy 0.1 $3.5M 14k 249.89
salesforce (CRM) 0.1 $3.2M 2.5k 1320.03
iShares Lehman Aggregate Bond (AGG) 0.1 $3.3M 3.1k 1057.47
FirstEnergy (FE) 0.1 $3.0M 8.1k 370.22
Honeywell International (HON) 0.1 $2.8M 5.4k 531.59
Linear Technology Corporation 0.1 $3.0M 8.6k 345.93
Yahoo! 0.1 $2.9M 18k 166.33
Entergy Corporation (ETR) 0.1 $2.7M 3.8k 708.39
AECOM Technology Corporation (ACM) 0.1 $3.1M 11k 279.70
iShares Russell Midcap Index Fund (IWR) 0.1 $2.7M 2.6k 1017.76
Vitamin Shoppe 0.1 $3.1M 9.1k 336.44
Green Dot Corporation (GDOT) 0.1 $2.8M 5.0k 567.51
Ipath Dow Jones-aig Commodity (DJP) 0.1 $3.0M 6.1k 491.32
PowerShares S&P 500 BuyWrite Portfol ETF 0.1 $3.1M 15k 208.92
Duke Energy Corporation 0.1 $2.7M 15k 178.09
Altria (MO) 0.1 $2.6M 11k 246.22
Nike (NKE) 0.1 $2.5M 2.9k 854.35
Praxair 0.1 $2.5M 2.6k 954.93
Staples 0.1 $2.4M 11k 227.66
EMC Corporation 0.1 $2.3M 10k 229.02
Applied Materials (AMAT) 0.1 $2.5M 18k 140.50
iShares Barclays Inter Crd Bd Fund ETF) (IGIB) 0.1 $2.7M 2.5k 1051.91
United Parcel Service (UPS) 0.0 $1.5M 2.0k 726.00
Kohl's Corporation (KSS) 0.0 $1.5M 2.8k 543.27
Coach 0.0 $1.4M 2.6k 553.10
Oracle Corporation (ORCL) 0.0 $1.1M 3.7k 312.88
Community Health Systems (CYH) 0.0 $1.2M 3.1k 373.72
iShares S&P MidCap 400 Index (IJH) 0.0 $1.3M 1.4k 907.33
iShares S&P SmallCap 600 Index (IJR) 0.0 $1.1M 1.6k 684.73
Vanguard Emerging Markets ETF (VWO) 0.0 $1.1M 2.3k 481.70
Vanguard Growth ETF (VUG) 0.0 $1.0M 1.7k 614.65
iShares Barclays 1-3 Year Cred Bd Fd ETF (IGSB) 0.0 $1.4M 1.4k 1042.85
iShares S&P NA Nat. Re. Sc. Idx (IGE) 0.0 $1.2M 2.9k 416.98
WisdomTree Intl. MidCap Dividend F (DIM) 0.0 $1.2M 2.4k 518.73
iShares MSCI Emerging Markets Indx (EEM) 0.0 $731k 1.5k 476.22
Kimberly-Clark Corporation (KMB) 0.0 $813k 1.3k 630.23
Zebra Technologies (ZBRA) 0.0 $790k 2.1k 379.81
AFLAC Incorporated (AFL) 0.0 $959k 1.7k 564.12
Williams-Sonoma (WSM) 0.0 $867k 2.4k 356.79
Capital One Financial (COF) 0.0 $953k 2.2k 425.45
Garmin 0.0 $917k 3.0k 309.80
Brocade Communications Systems 0.0 $741k 14k 52.93
iShares Barclays TIPS Bond Fund (TIP) 0.0 $658k 612.00 1075.16
Abbott Laboratories (ABT) 0.0 $241k 502.00 480.08
Verizon Communications (VZ) 0.0 $259k 724.00 357.73
National-Oilwell Var 0.0 $359k 534.00 672.28
Colgate-Palmolive Company (CL) 0.0 $358k 445.00 804.49
General Mills (GIS) 0.0 $342k 960.00 356.25
iShares Russell 1000 Growth Index (IWF) 0.0 $287k 500.00 574.00
Vanguard Value ETF (VTV) 0.0 $300k 563.00 532.86
iShares Cohen & Steers Realty Maj. (ICF) 0.0 $292k 444.00 657.66
Vanguard Mid-Cap Growth ETF (VOT) 0.0 $455k 730.00 623.29
Barclays Bank Plc Carry Etn 38 etf (ICITF) 0.0 $266k 567.00 469.14
iShares S&P Global Energy Sector (IXC) 0.0 $277k 710.00 390.14
Barclays Bk Plc etn cboe spbuy (BWVTF) 0.0 $264k 552.00 478.26
WisdomTree DEFA (DWM) 0.0 $272k 574.00 473.87
SPDR DJ Wilshire Large Cap (SPLG) 0.0 $473k 801.00 590.51
Diamond Offshore Drilling 0.0 $204k 305.00 668.85