0001138060-14-000006.txt : 20140506 0001138060-14-000006.hdr.sgml : 20140506 20140506115407 ACCESSION NUMBER: 0001138060-14-000006 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20140331 FILED AS OF DATE: 20140506 DATE AS OF CHANGE: 20140506 EFFECTIVENESS DATE: 20140506 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: 14815991 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 primary_doc.xml 13F-HR LIVE false false false 0001138060 XXXXXXXX 03-31-2014 03-31-2014 Madison Investment Holdings Inc

550 Science Dr Madison WI 53711

13F HOLDINGS REPORT 028-03477 Y 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 among the three in the Information Table presented in this report. W. Richard Mason 480-443-9537 W. Richard Mason Scottsdale AZ 05-06-2014 2 231 5250744 false 1 028-10986 Madison Asset Managment, LLC 2 028-14137 Madison Investment Advisors, LLC INFORMATION TABLE 2 mihi1qtr14-hrinformationta.xml INFORMATION TABLE 3M Company COM 88579Y101 45168 332948 SH SOLE 324866 0 8082 Accenture PLC - Class A COM G1151C101 76084 954389 SH SOLE 921206 0 33183 Advance Auto Parts Inc COM 00751Y106 96321 761430 SH SOLE 743149 0 18281 Allergan Inc COM 018490102 8522 68671 SH SOLE 68671 0 0 Altera Corp. COM 021441100 3515 97000 SH SOLE 97000 0 0 Altria Group Inc. COM 02209S103 444 11873 SH SOLE 11873 0 0 Amazon.com, Inc. COM 023135106 19760 58746 SH SOLE 58746 0 0 American Financial Group Inc. COM 025932104 564 9765 SH SOLE 9765 0 0 American International Group I COM 026874784 24755 495000 SH SOLE 495000 0 0 Amex Consumer Staples SPDR ETF 81369Y308 357 8290 SH SOLE 8290 0 0 Amgen Inc. COM 031162100 606 4910 SH SOLE 4910 0 0 Amphenol Corp Class A COM 032095101 24721 269730 SH SOLE 262740 0 6990 Analog Devices Inc. COM 032654105 697 13110 SH SOLE 13110 0 0 Apache Corporation COM 037411105 39392 474888 SH SOLE 452537 0 22351 Apple Inc. COM 037833100 39041 72737 SH SOLE 72737 0 0 Arch Capital Group LTD COM G0450A105 42041 730634 SH SOLE 716239 0 14395 AT&T Corp. COM 00206R102 593 16911 SH SOLE 10411 0 6500 Automatic Data Processing Inc. COM 053015103 11222 145250 SH SOLE 145175 0 75 Baker Hughes Inc COM 057224107 24513 377000 SH SOLE 377000 0 0 Bank Of New York Mellon Corpor COM 064058100 19959 565575 SH SOLE 565470 0 105 Baxter International Inc. COM 071813109 53247 723660 SH SOLE 694766 0 28894 BB&T Corporation COM 054937107 23291 579811 SH SOLE 578766 0 1045 Becton, Dickinson COM 075887109 8984 76738 SH SOLE 76738 0 0 Bed Bath & Beyond Inc. COM 075896100 23899 347373 SH SOLE 338480 0 8893 Berkshire Hathaway, Inc. Cl B COM 084670702 69761 558220 SH SOLE 533288 0 24932 Biogen Idec COM 09062X103 5725 18716 SH SOLE 18716 0 0 Boeing Company (The) COM 097023105 30069 239616 SH SOLE 239331 0 285 Bristol-Myers Squibb COM 110122108 269 5172 SH SOLE 5172 0 0 Broadcom Corp COM 111320107 4091 130000 SH SOLE 130000 0 0 Brookfield Asset Management In COM 112585104 95031 2326340 SH SOLE 2275095 0 51245 Brown-Forman Corporation COM 115637209 12395 138194 SH SOLE 132957 0 5237 Brown & Brown Inc. COM 115236101 29845 970256 SH SOLE 942425 0 27831 C.H. Robinson Worldwide Inc. COM 12541W209 3936 75129 SH SOLE 75129 0 0 Cameron International Corp COM 13342B105 28547 462152 SH SOLE 453262 0 8890 Canadian Natural Resources Ltd COM 136385101 17543 457210 SH SOLE 457210 0 0 Canadian Oil Sands Ltd. COM 13643E105 361 17245 SH SOLE 17245 0 0 CarMax Inc. COM 143130102 50515 1079371 SH SOLE 1043030 0 36341 CBS Corp-Cl B COM 124857202 12799 207096 SH SOLE 207096 0 0 Celgene COM 151020104 11133 79750 SH SOLE 79750 0 0 Cerner Corporation COM 156782104 6735 119728 SH SOLE 119728 0 0 Chevron Corporation COM 166764100 20679 173908 SH SOLE 173463 0 445 Cisco Systems Inc. COM 17275R102 658 29375 SH SOLE 29375 0 0 Coca Cola Co COM 191216100 5982 154722 SH SOLE 152572 0 2150 Colgate Palmolive Co. COM 194162103 302 4650 SH SOLE 4650 0 0 ConocoPhillips COM 20825C104 11190 159068 SH SOLE 158973 0 95 Copart Inc COM 217204106 75086 2063370 SH SOLE 1997363 0 66007 Costco Wholesale Corp COM 22160K105 40350 361302 SH SOLE 350589 0 10713 Crown Holdings Inc. COM 228368106 39760 888691 SH SOLE 861802 0 26889 CVS Caremark Corporation COM 126650100 37066 495136 SH SOLE 495046 0 90 Dana Holdings Corporation COM 235825205 10099 434000 SH SOLE 434000 0 0 Danaher Corp COM 235851102 53474 712980 SH SOLE 687062 0 25918 DaVita HealthCare Partners Inc COM 23918K108 33751 490215 SH SOLE 475907 0 14308 DENTSPLY International Inc COM 249030107 38454 835237 SH SOLE 811495 0 23742 Diageo ADR ADR 25243Q205 48143 386415 SH SOLE 368950 0 17465 DIRECTV Group COM 25490A309 91308 1194821 SH SOLE 1183306 0 11515 Discovery Communications Inc - COM 25470F302 48819 633517 SH SOLE 623457 0 10060 Dollar Tree Inc. COM 256746108 509 9750 SH SOLE 9750 0 0 Duke Energy Corp COM 26441C204 224 3147 SH SOLE 3147 0 0 Dupont (E.I.) de Nemours and C ADR 263534109 268 4000 SH SOLE 4000 0 0 eBay Inc. COM 278642103 47629 862222 SH SOLE 824992 0 37230 Ecolab Inc. COM 278865100 1057 9784 SH SOLE 9784 0 0 Eli Lilly & Co COM 532457108 230 3900 SH SOLE 3900 0 0 EMC Corporation COM 268648102 15042 548767 SH SOLE 548767 0 0 ENSCO International PLC ADR ADR G3157S106 23748 449935 SH SOLE 438973 0 10962 Expeditors International of Wa COM 302130109 34581 872598 SH SOLE 853118 0 19480 Express Scripts Holding Compan COM 30219G108 662 8817 SH SOLE 8817 0 0 Exxon Mobil Corporation COM 30231G102 29772 304790 SH SOLE 303290 0 1500 Fastenal Co. COM 311900104 26753 542661 SH SOLE 524321 0 18340 FedEx Corp COM 31428X106 32344 243995 SH SOLE 243995 0 0 FMC Corp. COM 302491303 617 8065 SH SOLE 8065 0 0 Freeport-McMoran Copper & Gold COM 35671D857 2158 65244 SH SOLE 65244 0 0 General Dynamics Corp COM 369550108 19754 181361 SH SOLE 181311 0 50 General Electric Company COM 369604103 687 26548 SH SOLE 24048 0 2500 General Mills COM 370334104 344 6645 SH SOLE 6645 0 0 Gilead Sciences Inc. COM 375558103 10763 151885 SH SOLE 151885 0 0 Glacier Bancorp Inc COM 37637Q105 18258 628058 SH SOLE 609151 0 18907 Google Inc - Class A COM 38259P508 30699 27545 SH SOLE 26900 0 645 Grainger, W.W. COM 384802104 6944 27485 SH SOLE 27465 0 20 Guggenheim BulletShares 2015 C ETF 18383M563 395 18042 SH SOLE 18042 0 0 Guggenheim BulletShares 2016 C ETF 18383M555 800 35765 SH SOLE 35765 0 0 Guggenheim BulletShares 2017 C ETF 18383M548 637 27938 SH SOLE 27938 0 0 Guggenheim BulletShares 2018 C ETF 18383M530 466 22141 SH SOLE 22141 0 0 Health Care Select Sector SPDR ETF 81369Y209 366 6250 SH SOLE 6250 0 0 Home Depot Inc. COM 437076102 20339 257039 SH SOLE 257039 0 0 Illinois Tool Works Inc COM 452308109 286 3517 SH SOLE 3517 0 0 Intel Corporation COM 458140100 5350 207235 SH SOLE 205595 0 1640 International Business Machine COM 459200101 7274 37791 SH SOLE 37761 0 30 International Flavors & Fragan COM 459506101 2974 31083 SH SOLE 31083 0 0 Invesco Ltd. COM G491BT108 522 14115 SH SOLE 14115 0 0 iShares 20+ Year Treasury Bond ETF 464287432 630 5778 SH SOLE 5778 0 0 iShares 7-10 Year Treasury Bon ETF 464287440 122366 1202849 SH SOLE 1202849 0 0 iShares Core MSCI EAFE ETF ETF 46432F842 2074 33967 SH SOLE 33967 0 0 iShares Core MSCI Emerging Mar ETF 46434G103 820 16705 SH SOLE 16705 0 0 iShares Core S&P Micap ETF ETF 464287507 117696 856156 SH SOLE 852906 0 3250 iShares Core S&P Small-Cap ETF ETF 464287804 27775 252180 SH SOLE 248860 0 3320 iShares iBoxx $ High Yield Cor ETF 464288513 17146 181651 SH SOLE 181651 0 0 iShares MSCI All Country Asia ETF 464288182 4162 70436 SH SOLE 70436 0 0 iShares MSCI EAFE ETF ETF 464287465 21256 316315 SH SOLE 313815 0 2500 iShares MSCI United Kingdom ET ETF 464286699 11371 552248 SH SOLE 552248 0 0 iShares Russell Mid-Cap ETF ETF 464287499 24207 156419 SH SOLE 156419 0 0 iShares Russell Mid-cap Value ETF 464287473 518 7539 SH SOLE 7539 0 0 iShares S&P 100 ETF ETF 464287101 9086 109721 SH SOLE 109721 0 0 iShares S&P Mid-cap 400 Value ETF 464287705 23209 192732 SH SOLE 192732 0 0 iShares Select Dividend ETF ETF 464287168 288 3925 SH SOLE 3925 0 0 iShares TIPS Bond ETF ETF 464287176 14490 129255 SH SOLE 129255 0 0 Jacobs Engineering Group, Inc. COM 469814107 51164 805732 SH SOLE 776055 0 29677 JM Smucker Company (The) COM 832696405 478 4920 SH SOLE 4920 0 0 Johnson & Johnson COM 478160104 74862 762105 SH SOLE 741252 0 20853 JPMorgan Chase & Co. COM 46625H100 1600 26352 SH SOLE 26352 0 0 Kimberly-Clark Corp COM 494368103 212 1924 SH SOLE 1924 0 0 Kinder Morgan Inc. COM 49456B101 545 16765 SH SOLE 16765 0 0 Kohl's Corporation COM 500255104 238 4195 SH SOLE 4195 0 0 Kroger Co. (The) COM 501044101 571 13070 SH SOLE 13070 0 0 Laboratory Crp of Amer Hldgs COM 50540R409 33124 337281 SH SOLE 329534 0 7747 Liberty Global plc -Series C COM G5480U120 33377 819873 SH SOLE 795302 0 24571 Linear Tech Corp. COM 535678106 19567 401862 SH SOLE 401762 0 100 Lowe's Companies Inc. COM 548661107 1233 25210 SH SOLE 25210 0 0 Lululemon Athletica Inc. COM 550021109 5259 100000 SH SOLE 100000 0 0 M&T Bank Corp COM 55261F104 67805 558989 SH SOLE 545367 0 13622 Markel Corporation COM 570535104 127339 213621 SH SOLE 208057 0 5564 Market Vectors Agribusiness ET ETF 57060U605 1761 32391 SH SOLE 32391 0 0 Marriott International, Inc. COM 571903202 226 4032 SH SOLE 4032 0 0 McDonald's Corporation COM 580135101 78302 798759 SH SOLE 772600 0 26159 McKesson Corporation COM 58155Q103 918 5200 SH SOLE 5200 0 0 Medtronic Inc. COM 585055106 28764 467398 SH SOLE 466358 0 1040 Merck & Co COM 58933Y105 39702 699346 SH SOLE 699171 0 175 Microchip Technology Inc COM 595017104 7951 166485 SH SOLE 166360 0 125 MICROS Systems Inc. COM 594901100 65548 1238398 SH SOLE 1194673 0 43725 Microsoft Corporation COM 594918104 80092 1953949 SH SOLE 1907694 0 46255 Mondelez International Inc. - COM 609207105 217 6290 SH SOLE 6290 0 0 Monsanto Co COM 61166W101 43300 380592 SH SOLE 366692 0 13900 Morgan Stanley COM 617446448 4831 155000 SH SOLE 155000 0 0 Mosaic Co/The COM 61945C103 5500 109995 SH SOLE 109995 0 0 National Oilwell Varco Inc COM 637071101 18016 231363 SH SOLE 231363 0 0 Nestle SA Spons ADR ADR 641069406 63553 844890 SH SOLE 813410 0 31480 NIKE Inc. - Class B COM 654106103 1762 23852 SH SOLE 23852 0 0 Noble Energy Inc. COM 655044105 541 7610 SH SOLE 7610 0 0 Nordstrom Inc. COM 655664100 35705 571744 SH SOLE 540009 0 31735 Norfolk Southern Corp COM 655844108 203 2087 SH SOLE 2087 0 0 Northern Trust Corp COM 665859104 33730 514493 SH SOLE 487498 0 26995 Novartis Ag ADR ADR 66987V109 17146 201667 SH SOLE 201667 0 0 Nuance Communications Inc. COM 67020Y100 3331 194000 SH SOLE 194000 0 0 Occidental Petroleum Corp COM 674599105 21181 222282 SH SOLE 221917 0 365 Omnicom Group Inc. COM 681919106 69352 955260 SH SOLE 931747 0 23513 ONEOK Partners L.P. COM 68268N103 428 8000 SH SOLE 8000 0 0 Oracle Corporation COM 68389X105 84027 2053945 SH SOLE 1988590 0 65355 PACCAR Inc. COM 693718108 35027 519376 SH SOLE 482991 0 36385 Panera Bread Company COM 69840W108 2382 13500 SH SOLE 13500 0 0 Partnerre Ltd COM G6852T105 7848 75830 SH SOLE 75780 0 50 PepsiCo Inc. COM 713448108 16637 199241 SH SOLE 199176 0 65 Perrigo Company PLC COM G97822103 32905 212758 SH SOLE 206758 0 6000 Petroleo Brasileiro SA Petrobr ADR 71654V408 2038 155000 SH SOLE 155000 0 0 Pfizer Inc. COM 717081103 51382 1599702 SH SOLE 1596367 0 3335 Philip Morris International In COM 718172109 25168 307413 SH SOLE 307413 0 0 Phillips 66 COM 718546104 254 3294 SH SOLE 3294 0 0 PIMCO Total Return Exchange-Tr ETF 72201R775 37220 348961 SH SOLE 348961 0 0 PNC Financial Services Group I COM 693475105 1191 13695 SH SOLE 13695 0 0 PowerShares Buyback Achievers ETF 73935X286 48063 1104399 SH SOLE 1104399 0 0 PowerShares FTSE RAFI Develope ETF 73936T789 3487 79476 SH SOLE 79476 0 0 PowerShares FTSE RAFI Emerging ETF 73936T763 393 19758 SH SOLE 19758 0 0 PowerShares FTSE RAFI US 1000 ETF 73935X583 6023 71166 SH SOLE 71166 0 0 PowerShares FTSE RAFI US 1500 ETF 73935X567 2275 22924 SH SOLE 22924 0 0 PowerShares QQQ Trust, Series ETF 73935A104 8785 100200 SH SOLE 100200 0 0 Praxair, Inc. COM 74005P104 6769 51680 SH SOLE 51478 0 202 Priceline Group Inc/The COM 741503403 11603 9735 SH SOLE 9735 0 0 Procter & Gamble Company (The) COM 742718109 20733 257235 SH SOLE 256482 0 753 QUALCOMM Inc. COM 747525103 81891 1038439 SH SOLE 1015388 0 23051 Reinsurance Group of America I COM 759351604 481 6040 SH SOLE 6040 0 0 Republic Services Inc. COM 760759100 487 14260 SH SOLE 14260 0 0 RevenueShares ADR Fund ETF 761396605 755 19266 SH SOLE 19266 0 0 RevenueShares Large Cap Fund E ETF 761396100 3853 104138 SH SOLE 104138 0 0 RevenueShares Mid Cap Fund ETF ETF 761396209 2616 57373 SH SOLE 57373 0 0 RevenueShares Small Cap Fund E ETF 761396308 1505 27525 SH SOLE 27525 0 0 Reynolds American Inc. COM 761713106 230 4300 SH SOLE 4300 0 0 RLI Corp COM 749607107 575 12990 SH SOLE 12990 0 0 Rockwell Collins Inc COM 774341101 48693 611185 SH SOLE 593537 0 17648 Roper Industries Inc COM 776696106 5266 39442 SH SOLE 39442 0 0 Ross Stores, Inc. COM 778296103 43086 602009 SH SOLE 588489 0 13520 Sally Beauty Holdings Inc. COM 79546E104 27576 1006438 SH SOLE 981785 0 24653 Schlumberger Ltd COM 806857108 61269 628398 SH SOLE 615207 0 13191 Seagate Technology COM G7945M107 18084 322000 SH SOLE 322000 0 0 SPDR Gold Trust ETF 78463V107 2151 17405 SH SOLE 17405 0 0 SPDR MSCI ACWI ex-US ETF ETF 78463X848 470 13138 SH SOLE 13138 0 0 SPDR S&P 500 ETF Trust ETF 78462F103 135535 724748 SH SOLE 720048 0 4700 SPDR S&P Dividend ETF ETF 78464A763 20182 274293 SH SOLE 267293 0 7000 SPDR S&P Midcap 400 ETF Trust ETF 78467Y107 4559 18193 SH SOLE 18193 0 0 Starbucks Corp COM 855244109 12537 170853 SH SOLE 170853 0 0 Stericylce Inc. COM 858912108 4585 40350 SH SOLE 40350 0 0 Stryker Corporation COM 863667101 733 9000 SH SOLE 9000 0 0 T Rowe Price Group Inc. COM 74144T108 9297 112900 SH SOLE 112830 0 70 Techne Corp COM 878377100 21558 252526 SH SOLE 245893 0 6633 Teva Pharmaceutical Industries COM 881624209 5020 95000 SH SOLE 95000 0 0 The Travelers Companies Inc COM 89417E109 32519 382125 SH SOLE 381135 0 990 Time Warner, Inc. COM 887317303 28629 438219 SH SOLE 437266 0 953 TJX Cos Inc COM 872540109 7411 122195 SH SOLE 122195 0 0 Tortiose MLP Fund Inc. COM 89148B101 1829 68470 SH SOLE 68470 0 0 TransDigm Group Inc. COM 893641100 33872 182894 SH SOLE 177469 0 5425 Tyco International Ltd. COM H89128104 491 11590 SH SOLE 11590 0 0 U.S. Bancorp COM 902973304 63539 1482467 SH SOLE 1428665 0 53802 United Parcel Services Inc. - COM 911312106 41552 426701 SH SOLE 413912 0 12789 United Technologies Corp COM 913017109 50281 430339 SH SOLE 430264 0 75 UnitedHealth Group Inc COM 91324P102 28850 351867 SH SOLE 351782 0 85 Vanguard Dividend Appreciation COM 921908844 18788 249736 SH SOLE 249736 0 0 Vanguard FTSE All-World ex-US ETF 922042775 74975 1490259 SH SOLE 1488284 0 1975 Vanguard FTSE All World ex-US ETF 922042718 387 3626 SH SOLE 3626 0 0 Vanguard FTSE Emerging Markets ETF 922042858 1698 41852 SH SOLE 41852 0 0 Vanguard FTSE Europe ETF ETF 922042874 36769 623729 SH SOLE 623729 0 0 Vanguard Growth ETF ETF 922908736 12154 130015 SH SOLE 130015 0 0 Vanguard Information Technolog ETF 92204A702 52569 574339 SH SOLE 574339 0 0 Vanguard Int-Term Corp Bond Fu ETF 92206C870 37318 439136 SH SOLE 439136 0 0 Vanguard Large-Cap ETF ETF 922908637 57826 672242 SH SOLE 672242 0 0 Vanguard Short-Term Bond ETF ETF 921937827 36821 459744 SH SOLE 459744 0 0 Vanguard Short-Term Corporate ETF 92206C409 63435 793142 SH SOLE 793142 0 0 Vanguard Total Bond Market ETF ETF 921937835 62751 772893 SH SOLE 772893 0 0 Vanguard Value ETF ETF 922908744 36514 467467 SH SOLE 467467 0 0 Varian Medical Systems COM 92220P105 33478 398597 SH SOLE 378408 0 20189 Verizon Communications COM 92343V104 33221 698354 SH SOLE 698354 0 0 Visa Inc. - Class A Shares COM 92826C839 17761 82279 SH SOLE 79197 0 3082 W.R. Berkley Corporation COM 084423102 47085 1131312 SH SOLE 1101302 0 30010 Wabtec Corporation COM 929740108 26281 339110 SH SOLE 328246 0 10864 Wal-Mart Stores Inc COM 931142103 13738 179750 SH SOLE 179350 0 400 Walt Disney Company (The) COM 254687106 6298 78652 SH SOLE 78652 0 0 Waste Management, Inc. COM 94106L109 4635 110175 SH SOLE 110050 0 125 Wells Fargo & Co COM 949746101 36865 741148 SH SOLE 738978 0 2170 Wisconsin Energy Corporation COM 976657106 256 5497 SH SOLE 5497 0 0 WisdomTree Emerging Markets Sm COM 97717W281 1032 22137 SH SOLE 22137 0 0 WisdomTree Europe Hedged Equit COM 97717X701 1873 33125 SH SOLE 33125 0 0 WisdomTree Japan Hedged Equity COM 97717W851 806 17030 SH SOLE 17030 0 0 WisdomTree MidCap Dividend fun COM 97717W505 299 3875 SH SOLE 3875 0 0 WisdomTree SmallCap Dividend F COM 97717W604 526 7704 SH SOLE 7704 0 0 World Fuel Services COM 981475106 27856 631661 SH SOLE 613033 0 18628