-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Q9FzzPXvR+oipkC2rOIyK32NTcafZ3AA4XpZ+HOoNxtUneJU4LKV0sriRfMKix2B JkDZm3S33TdAB6vi/FXrdw== 0000310407-11-000030.txt : 20110211 0000310407-11-000030.hdr.sgml : 20110211 20110210173730 ACCESSION NUMBER: 0000310407-11-000030 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20101231 FILED AS OF DATE: 20110211 DATE AS OF CHANGE: 20110210 EFFECTIVENESS DATE: 20110211 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MADISON INVESTMENT HOLDINGS INC CENTRAL INDEX KEY: 0001138060 IRS NUMBER: 391194160 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-03477 FILM NUMBER: 11593895 BUSINESS ADDRESS: STREET 1: 550 SCIENCE DR CITY: MADISON STATE: WI ZIP: 53711 BUSINESS PHONE: 6082740300 MAIL ADDRESS: STREET 1: 550 SCIENCE DR CITY: MADISON STATE: WI ZIP: 53711 FORMER COMPANY: FORMER CONFORMED NAME: MADISON INVESTMENT ADVISORS INC DATE OF NAME CHANGE: 20010411 13F-HR 1 mihi13ftable1210.txt QUARTERLY HOLDINGS REPORT UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: December 31, 2010 Check here if Amendment [ ] Amendment Number: This Amendment (Check only one): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Madison Investment Advisors, Inc. Address: 550 Science Drive, Madison, WI 53711 Form 13F File Number: 28-03477 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: W. Richard Mason Title: Chief Compliance Officer and Corporate Counsel Phone: 480-443-9537 Signature, Place, and Date of Signing (signature) W. Richard Mason Scottsdale, Arizona February 10, 2011 Report Type (Check only one): [x] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 2 Form 13F Information Table Entry Total: 215 Form 13F Information Table Value Total: $4,119,232 (thousands) List of Other Included Managers: No. Form 13F File Number Name 1 028-10986 Madison Asset Management, LLC* 2 028-14137 Madison Investment Advisors, LLC* *Madison Asset Management, LLC, Madison Investment Advisors, LLC and Madison Investment Holdings, Inc. share all resources and personnel at their 550 Science Drive offices and, as such, no distinction is made between the three in the Information Table below. FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE - ------------------------------ ----- --------- -------- -------- --- ---- ------- ----- -------- -------- -------- 3M Company COM 88579Y101 58049 672638 SH SOLE 634078 38560 AT&T Corp. COM 00206R102 29789 1013924 SH SOLE 1013399 525 Abbott Labs COM 002824100 241 5022 SH SOLE 5022 Adobe Systems, Inc COM 00724F101 15850 514939 SH SOLE 394939 120000 Aecom Technology Corp COM 00766T100 3075 109945 SH SOLE 109445 500 Affiliated Managers Group COM 008252108 6449 65000 SH SOLE 25000 40000 Aflac, Inc. COM 001055102 959 17000 SH SOLE 17000 Air Products & Chemicals COM 009158106 15341 168670 SH SOLE 168670 Allergan Inc COM 018490102 12304 179175 SH SOLE 179050 125 Altria Group COM 02209S103 2573 104500 SH SOLE 104500 Amazon.com, Inc. COM 023135106 13703 76130 SH SOLE 76130 American Eagle Outfitters COM 02553E106 4194 286700 SH SOLE 132700 154000 American Express COM 025816109 23943 557850 SH SOLE 437450 120000 400 Amphenol Corp Class A COM 032095101 19386 367297 SH SOLE 352571 14726 Apache Corp COM 037411105 39418 330608 SH SOLE 266592 41900 22116 Apple Inc. COM 037833100 32705 101392 SH SOLE 101392 Applied Materials, Inc. COM 038222105 2529 180000 SH SOLE 60000 120000 Arch Capital Group LTD COM G0450A105 38387 435972 SH SOLE 422704 13268 Automatic Data Processing COM 053015103 3726 80508 SH SOLE 80508 Avon Products COM 054303102 10694 368000 SH SOLE 368000 Axis Capital Holdings LTD COM G0692U109 14327 399306 SH SOLE 399306 BMC Software Inc COM 055921100 8085 171520 SH SOLE 171520 Bank Of New York Mellon Corpor COM 064058100 59403 1966993 SH SOLE 1860453 106540 Bank of America Corporation COM 060505104 5843 438000 SH SOLE 138000 300000 Bard, C.R. Inc COM 067383109 21453 233770 SH SOLE 224786 8984 Baxter International COM 071813109 11572 228615 SH SOLE 227955 660 Bed Bath Beyond Inc COM 075896100 34441 700725 SH SOLE 604713 70000 26012 Berkshire Hathaway, Inc. Cl B COM 084670702 17774 221866 SH SOLE 199379 22487 Best Buy Company COM 086516101 6704 195500 SH SOLE 95500 100000 Biogen Idec COM 09062X103 9260 138100 SH SOLE 48100 90000 Blackboard Inc. COM 091935502 5258 127315 SH SOLE 127315 Boeing COM 097023105 6032 92430 SH SOLE 92430 Broadridge Financial Solutions COM 11133T103 36942 1684524 SH SOLE 1637436 47088 Brocade Communications Systems COM 111621306 741 140000 SH SOLE 140000 Brookfield Asset Management COM 112585104 48471 1456029 SH SOLE 1392093 63936 Brookfield Properties COM 112900105 9301 530560 SH SOLE 530560 Brown & Brown Inc. COM 115236101 28183 1177243 SH SOLE 1124954 52289 Brown-Forman Corporation COM 115637209 19298 277190 SH SOLE 266318 10872 Capital One Finl Corp COM 14040H105 953 22400 SH SOLE 22400 Carmax, Inc. COM 143130102 19604 614916 SH SOLE 591137 23779 Celgene COM 151020104 34195 578200 SH SOLE 478200 100000 Chevron Corp. COM 166764100 78104 855934 SH SOLE 816572 39362 Cisco Systems, Inc. COM 17275R102 84721 4187899 SH SOLE 3724017 275000 188882 Coach Inc. COM 189754104 1427 25800 SH SOLE 25800 Coca Cola Co COM 191216100 51079 776636 SH SOLE 745316 31320 Colgate Palmolive Co. COM 194162103 358 4450 SH SOLE 4450 Community Health Systems COM 203668108 1166 31200 SH SOLE 1200 30000 Conocophillips COM 20825C104 28489 418341 SH SOLE 418146 195 Contango Oil & Gas Company COM 21075N204 7943 137112 SH SOLE 137112 Copart Inc COM 217204106 40906 1095204 SH SOLE 1050642 44562 Costco Wholesale Corp COM 22160K105 25209 349110 SH SOLE 315883 33227 Covance Inc. COM 222816100 24787 482148 SH SOLE 461456 20692 Crown Castle Intl Corp COM 228227104 10758 245437 SH SOLE 245437 Deere & Co COM 244199105 8822 106230 SH SOLE 106230 Dentsply Int'l, Inc. COM 249030107 32527 951919 SH SOLE 914046 37873 Diageo ADR 25243Q205 40472 544491 SH SOLE 511928 32563 Diamond Offshore Drilling COM 25271C102 204 3058 SH SOLE 3058 Duke Energy Corp COM 26441C105 2669 149875 SH SOLE 149875 EBAY Inc. COM 278642103 14564 523330 SH SOLE 313330 210000 EMC Corp/Mass COM 268648102 2320 101300 SH SOLE 30000 71300 ENSCO International PLC ADR 29358Q109 14480 271265 SH SOLE 271265 EOG Resources Inc. COM 26875P101 27936 305615 SH SOLE 250321 45000 10294 Ecolab Inc. COM 278865100 40091 795141 SH SOLE 775868 19273 Emerson Electric COM 291011104 14932 261180 SH SOLE 261180 Entergy Corp COM 29364G103 2694 38030 SH SOLE 37880 150 Exelon Corp COM 30161N101 17290 415230 SH SOLE 415230 Exxon Mobil Corp COM 30231G102 31597 432123 SH SOLE 432123 FLIR Systems, Inc. COM 302445101 39533 1328830 SH SOLE 1285489 43341 FactSet Research Systems Inc COM 303075105 20321 216738 SH SOLE 208415 8323 Firstenergy Corp COM 337932107 2984 80600 SH SOLE 80600 Flextronics Intl LTD COM Y2573F102 5693 725200 SH SOLE 184900 540300 Franklin Resources Inc COM 354613101 31145 280057 SH SOLE 254033 26024 Freeport-McMoran Copper & Gold COM 35671D857 9091 75700 SH SOLE 17700 58000 Garmin LTD COM G37260109 917 29600 SH SOLE 19600 10000 General Electric COM 369604103 8223 449600 SH SOLE 449600 General Mills COM 370334104 342 9600 SH SOLE 9600 Genzyme COM 372917104 7878 110645 SH SOLE 25600 85045 Gilead Sciences Inc. COM 375558103 7810 215500 SH SOLE 85500 130000 Goldman Sachs Group Inc. COM 38141G104 9333 55500 SH SOLE 17500 38000 Google Inc COM 38259P508 87702 147654 SH SOLE 131155 10000 6499 Green Dot Corp. COM 39304D102 2812 49553 SH SOLE 49553 HMS Holdings Corp COM 40425J101 5999 92625 SH SOLE 92625 Home Depot COM 437076102 5918 168800 SH SOLE 30100 138700 Honeywell International Inc. COM 438516106 2844 53500 SH SOLE 53500 Idex Corp. COM 45167R104 27303 697937 SH SOLE 669629 28308 Idexx Laboratories Inc. COM 45168D104 9458 136639 SH SOLE 136639 Illinois Tool Works COM 452308109 35022 655845 SH SOLE 655595 250 Intel Corp COM 458140100 74458 3540555 SH SOLE 3398896 141659 IntercontinentalExchange Inc. COM 45865V100 17286 145078 SH SOLE 145078 International Business Machine COM 459200101 77731 529644 SH SOLE 503857 25787 iPath CBOE S&P 500 BuyWrite In ETF 06739F135 264 5524 SH SOLE 5524 iPath Dow Jones UBS Commodity ETF 06738C778 2999 61048 SH SOLE 1500 59548 iPath Optimized Currency Carry ETF 06739H412 266 5672 SH SOLE 5672 iPath S&P 500 VIX Short-Term F ETF 06740C261 5833 155100 SH SOLE 55100 100000 iShares Barclays 1-3 Year Cred ETF 464288646 1436 13773 SH SOLE 13773 iShares Barclays Aggregate Bon ETF 464287226 3312 31320 SH SOLE 31320 iShares Barclays Int. Credit B ETF 464288638 2675 25436 SH SOLE 25436 iShares COMEX Gold Trust ETF 464285105 11035 793890 SH SOLE 793890 iShares Cohen & Steers Realty ETF 464287564 292 4442 SH SOLE 4442 iShares S&P Global Energy Sect ETF 464287341 277 7104 SH SOLE 7104 iShares S&P Micap 400 ETF 464287507 1263 13924 SH SOLE 400 13524 iShares S&P North American Nat ETF 464287374 1223 29332 SH SOLE 29332 iShares S&P Small Cap 600 ETF 464287804 1112 16245 SH SOLE 500 15745 iShares iBoxx $ High Yield Cor ETF 464288513 3971 43981 SH SOLE 43981 Ishares Barclays TIPS Bond Fun ETF 464287176 658 6123 SH SOLE 6123 Ishares MSCI Emerging Markets ETF 464287234 731 15353 SH SOLE 450 14903 Ishares Russell 1000 Growth ETF 464287614 287 5006 SH SOLE 918 4088 Ishares Russell Midcap Index ETF 464287499 2694 26474 SH SOLE 26474 Ishares S&P 100 Index Fund ETF 464287101 35583 627907 SH SOLE 74744 553163 JP Morgan Chase & Co. COM 46625H100 20508 483446 SH SOLE 483446 Jacobs Engineering Group, Inc. COM 469814107 40956 893253 SH SOLE 845140 48113 Johnson & Johnson COM 478160104 80952 1308848 SH SOLE 1250727 58121 Kimberly-Clark COM 494368103 813 12900 SH SOLE 12900 Knight Transportation COM 499064103 6938 365135 SH SOLE 365135 Kohls Corp COM 500255104 1494 27500 SH SOLE 27500 Kraft Foods, Inc - A COM 50075N104 47490 1507151 SH SOLE 1429229 77922 Laboratory Crp of Amer Hldgs COM 50540R409 60130 683920 SH SOLE 644525 39395 Lamar Advertising Co. COM 512815101 16240 407620 SH SOLE 407620 Leucadia National Corp COM 527288104 29062 995946 SH SOLE 953746 42200 Liberty Global Inc.-Series C COM 530555309 11587 341892 SH SOLE 319095 22797 Linear Tech Corp. COM 535678106 2975 86000 SH SOLE 86000 Lockheed Martin Corp. COM 539830109 17561 251200 SH SOLE 251200 Lowe's Companies COM 548661107 16743 667600 SH SOLE 457600 210000 Lumber Liquidators Holdings, I COM 55003T107 6658 267275 SH SOLE 267275 Marathon Oil Corp COM 565849106 20329 549000 SH SOLE 549000 Markel Corp. COM 570535104 59064 156199 SH SOLE 147313 8886 McCormick & Co.-Non Vtg Shares COM 579780206 20963 450524 SH SOLE 433094 17430 McDonalds COM 580135101 10924 142312 SH SOLE 142312 Medtronic Inc. COM 585055106 18851 508250 SH SOLE 508250 Merck & Co COM 58933Y105 63070 1749998 SH SOLE 1665882 84116 Microsoft Corp COM 594918104 87587 3138189 SH SOLE 2859573 130000 148616 Morgan Stanley COM 617446448 9814 360685 SH SOLE 180265 180000 420 Mylan Labs COM 628530107 6421 303900 SH SOLE 133900 170000 NYSE Euronext COM 629491101 9923 331000 SH SOLE 331000 National-Oilwell Varco Inc COM 637071101 359 5340 SH SOLE 5340 NextEra Energy Inc. COM 65339F101 11488 220960 SH SOLE 220675 285 Nike, Inc Cl B COM 654106103 2487 29114 SH SOLE 28954 160 Noble Corp. COM H5833N103 66540 1860218 SH SOLE 1658171 135000 67047 Novartis Ag ADR 66987V109 42832 726584 SH SOLE 677215 49369 Nucor Corp COM 670346105 13308 303700 SH SOLE 303700 Occidental Petroleum COM 674599105 46879 477870 SH SOLE 477870 Omnicom Group COM 681919106 60381 1318366 SH SOLE 1291848 26518 Oracle Systems COM 68389X105 1142 36500 SH SOLE 36500 Paychex Inc. COM 704326107 4126 133500 SH SOLE 133500 Pepsico COM 713448108 81054 1240692 SH SOLE 1186363 54329 Petrohawk Energy Corporation COM 716495106 12901 706880 SH SOLE 706880 Pfizer, Inc. COM 717081103 41543 2372556 SH SOLE 2372556 Philip Morris International COM 718172109 13869 236950 SH SOLE 236950 Powershares QQQ Nasdaq 100 ETF 73935A104 7859 144300 SH SOLE 62000 82300 Praxair, Inc. COM 74005P104 2479 25963 SH SOLE 25863 100 Proctor & Gamble COM 742718109 16076 249906 SH SOLE 249906 Qualcomm, Inc. COM 747525103 43945 887956 SH SOLE 788664 45900 53392 RLI Corp COM 749607107 7687 146224 SH SOLE 146224 Ritchie Bros Auctioneers COM 767744105 19707 854958 SH SOLE 823234 31724 Roper Industries Inc COM 776696106 6471 84660 SH SOLE 84660 S&P 500 Depository Receipt ETF 78462F103 5674 45121 SH SOLE 5121 40000 SEI Investments Co. COM 784117103 24342 1023198 SH SOLE 979192 44006 SPDR DJ Wilshire Large Cap ETF 78464A854 473 8013 SH SOLE 8013 SPDR MSCI ACWI (ex-US) ETF 78463X848 6404 188856 SH SOLE 188856 Salesforce.Com Inc. COM 79466L302 3242 24560 SH SOLE 24560 Schlumberger Ltd COM 806857108 49885 597420 SH SOLE 527904 32000 37516 Sears Holdings Corp COM 812350106 7208 97729 SH SOLE 97729 Southwestern Energy Company COM 845467109 73269 1957494 SH SOLE 1786836 100000 70658 Spectra Energy Corp. COM 847560109 3486 139500 SH SOLE 139500 St. Jude Medical COM 790849103 29038 679243 SH SOLE 614255 64988 Staples Inc. COM 855030102 2420 106300 SH SOLE 105950 350 Starbucks Corp COM 855244109 6925 215525 SH SOLE 215525 State Street Boston Corp COM 857477103 4495 97000 SH SOLE 27000 70000 Symantec Corp COM 871503108 4202 251000 SH SOLE 31000 220000 Sysco Corp COM 871829107 9335 317500 SH SOLE 317500 T Rowe Price Group Inc. COM 74144T108 45190 700189 SH SOLE 685973 14216 TJX Companies Inc. COM 872540109 36465 821480 SH SOLE 796609 24871 Target Corporation COM 87612E106 37002 615363 SH SOLE 514515 50000 50848 Techne Corp COM 878377100 33890 516061 SH SOLE 493052 23009 The Powershares S&P500 Buy Wri ETF 73936G308 3058 146372 SH SOLE 146372 The Travelers Companies Inc COM 89417E109 17966 322500 SH SOLE 322500 Time Warner, Inc. COM 887317303 9538 296500 SH SOLE 296500 U.S. Bancorp COM 902973304 64927 2407373 SH SOLE 2280211 127162 United Healthcare Corp. COM 91324P102 38747 1073019 SH SOLE 901008 100900 71111 United Parcel Service - Cl B COM 911312106 1452 20000 SH SOLE 20000 United Technologies COM 913017109 9824 124800 SH SOLE 124800 VF Corporation COM 918204108 4929 57200 SH SOLE 57200 Valspar Corporation COM 920355104 8474 245768 SH SOLE 245768 Vanguard Dividend Appreciation ETF 921908844 9496 180425 SH SOLE 180425 Vanguard Emerging Markets ETF 922042858 1119 23238 SH SOLE 20986 2252 Vanguard FTSE All-World Ex-US ETF 922042775 25508 534414 SH SOLE 534414 Vanguard Growth ETF 922908736 1032 16798 SH SOLE 16798 Vanguard Intermediate-Term Bon ETF 921937819 3679 44601 SH SOLE 44601 Vanguard Large Cap ETF 922908637 18769 325788 SH SOLE 325788 Vanguard Mega Cap 300 Growth E ETF 921910816 4783 101094 SH SOLE 101094 Vanguard Mid Cap Growth Index ETF 922908538 455 7300 SH SOLE 7300 Vanguard Total Bond Market ETF 921937835 30237 376695 SH SOLE 376695 Vanguard Value ETF 922908744 300 5634 SH SOLE 5634 Varian Semiconductor Equipment COM 922207105 7040 190422 SH SOLE 190422 Verizon Communications COM 92343V104 259 7245 SH SOLE 7245 Viacom Inc. - Cl B COM 92553P201 6952 175500 SH SOLE 175500 Visa Inc. - Class A Shares COM 92826C839 55641 790580 SH SOLE 677588 75000 37992 Vitamin Shoppe Inc. COM 92849E101 3071 91280 SH SOLE 91280 Vodafone Group ADR 92857W209 9029 341500 SH SOLE 341500 W.R. Berkley Corporation COM 084423102 19905 726999 SH SOLE 697704 29295 Wabtec Corporation COM 929740108 21080 398564 SH SOLE 381581 16983 Walgreen Co COM 931422109 28852 740560 SH SOLE 669116 71444 Walt Disney Company COM 254687106 18383 490076 SH SOLE 442557 47519 Waste Management, Inc. COM 94106L109 77177 2093225 SH SOLE 1999137 94088 Weatherford Intl LTD COM H27013103 18547 813475 SH SOLE 813475 Wells Fargo & Co COM 949746101 59604 1923331 SH SOLE 1735512 130000 57819 Western Union Co. COM 959802109 36955 1990027 SH SOLE 1937914 52113 Williams-Sonoma, Inc. COM 969904101 867 24300 SH SOLE 24300 Willis Group Holdings PLC COM G96666105 13080 377700 SH SOLE 377700 WisdomTree DEFA Fund ETF 97717W703 272 5744 SH SOLE 5744 WisdomTree Int'l MidCap Divide ETF 97717W778 1246 24028 SH SOLE 24028 Yahoo! Inc COM 984332106 2944 177000 SH SOLE 53000 124000 Yum! Brands Inc. COM 988498101 23457 478229 SH SOLE 462513 15716 Zebra Technologies Corp-Cl A COM 989207105 790 20800 SH SOLE 20800 Zimmer Holdings Inc. COM 98956P102 4243 79037 SH SOLE 21000 58037
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