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Institutional Investment Manager
MADISON INVESTMENT HOLDINGS INC
MADISON INVESTMENT HOLDINGS INC (CIK: 0001138060), located at 550 Science Dr, Madison, WI. Institutional holdings reported to the SEC.

Institutional Holdings (2016Q4)
Portfolio Summary: 248 holdings with a total value of $5,161,637,000.
#
Name
Shares
Value ($)
%
Options
Notes
151 RYDEX ETF TRUST 96,182 8,333,000 0.16%
152 POWERSHARES ETF TRUST 79,706 7,935,000 0.15%
153 VANGUARD MALVERN FDS 156,646 7,701,000 0.15%
154 GRAINGER W W INC 32,384 7,521,000 0.15%
155 VANGUARD INDEX FDS 64,914 7,486,000 0.15%
156 MONSANTO CO NEW 70,933 7,463,000 0.14%
157 VANGUARD INTL EQUITY INDEX F 152,090 7,291,000 0.14%
158 SELECT SECTOR SPDR TR 116,041 7,220,000 0.14%
159 NUCOR CORP 120,160 7,152,000 0.14%
160 RANGE RES CORP 207,400 7,126,000 0.14%
161 EMERSON ELEC CO 127,098 7,086,000 0.14%
162 NATIONAL OILWELL VARCO INC 178,690 6,690,000 0.13%
163 CERNER CORP 135,135 6,401,000 0.12%
164 HCA HOLDINGS INC 76,869 5,690,000 0.11%
165 SPDR S&P MIDCAP 400 ETF TR 18,462 5,571,000 0.11%
166 WEYERHAEUSER CO 184,240 5,544,000 0.11%
167 STATE STR CORP 66,800 5,192,000 0.10%
168 ISHARES 191,596 5,010,000 0.10%
169 POWERSHS DB MULTI SECT COMM 131,924 4,885,000 0.09%
170 OPPENHEIMER REV WEIGHTD ETF 87,655 4,741,000 0.09%
171 MCKESSON CORP 33,001 4,635,000 0.09%
172 CBS CORP NEW 70,938 4,513,000 0.09%
173 OPPENHEIMER REV WEIGHTD ETF 100,774 4,378,000 0.08%
174 THERMO FISHER SCIENTIFIC INC 30,039 4,239,000 0.08%
175 BECTON DICKINSON & CO 24,630 4,077,000 0.08%
176 POWERSHARES ETF TRUST 32,504 3,747,000 0.07%
177 AGILENT TECHNOLOGIES INC 81,100 3,695,000 0.07%
178 VANGUARD INTL EQUITY INDEX F 101,429 3,629,000 0.07%
179 VANECK VECTORS ETF TR 66,622 3,420,000 0.07%
180 CLAYMORE EXCHANGE TRD FD TR 147,061 3,325,000 0.06%
181 EOG RES INC 32,555 3,291,000 0.06%
182 AMAZON COM INC 4,315 3,236,000 0.06%
183 S&P GLOBAL INC 29,917 3,217,000 0.06%
184 JOHNSON CTLS INTL PLC 77,051 3,174,000 0.06%
185 POWERSHARES ETF TR II 80,573 3,026,000 0.06%
186 ISHARES 50,347 2,462,000 0.05%
187 NUANCE COMM 162,900 2,427,000 0.05%
188 SCHWAB STRATEGIC TRUST SCHWAB FUNDAMENTAL US 73,570 2,401,000 0.05%
189 OPPENHEIMER REV WEIGHTD ETF 35,237 2,365,000 0.05%
190 CLAYMORE EXCHANGE TRD FD TR 100,491 2,128,000 0.04%
191 SPDR SERIES TRUST 59,581 2,017,000 0.04%
192 ALPHABET INC 2,167 1,717,000 0.03%
193 NORDSTROM INC 34,335 1,646,000 0.03%
194 CANADIAN NATL RY CO 23,280 1,569,000 0.03%
195 CLAYMORE EXCHANGE TRD FD TR 73,228 1,548,000 0.03%
196 ALTRIA GROUP INC 22,893 1,548,000 0.03%
197 VANGUARD SPECIALIZED FUNDS 14,602 1,244,000 0.02%
198 LOWES COS INC 17,193 1,223,000 0.02%
199 PHILIP MORRIS INTL INC 13,276 1,215,000 0.02%
200 LOCKHEED MARTIN CORP 4,850 1,212,000 0.02%
Page 4 of 5

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001138060-17-000004, filed 2017.02.14).

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.