Chief Compliance Officer

0001138060-14-000011.txt : 20140814 0001138060-14-000011.hdr.sgml : 20140814 20140813201515 ACCESSION NUMBER: 0001138060-14-000011 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20140630 FILED AS OF DATE: 20140814 DATE AS OF CHANGE: 20140813 EFFECTIVENESS DATE: 20140814 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: 141039084 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 06-30-2014 06-30-2014 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 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 Chief Compliance Officer 480-443-9537 W. Richard Mason Scottsdale AZ 08-13-2014 2 221 4875683 false 1 028-10986 Madison Asset Management, LLC 2 028-14137 Madison Investment Advisors, LLC INFORMATION TABLE 2 mihi2q14informationtable.xml INFORMATION TABLE 3M Company COM 88579Y101 17043 118982 SH SOLE 118702 0 280 Accenture PLC - Class A COM G1151C101 66124 817966 SH SOLE 785005 0 32961 Advance Auto Parts Inc COM 00751Y106 61123 453029 SH SOLE 437698 0 15331 Albemarle Corporation COM 012653101 12878 180110 SH SOLE 180110 0 0 Altera Corp. COM 021441100 5492 158000 SH SOLE 158000 0 0 Altria Group Inc. COM 02209S103 513 12223 SH SOLE 12223 0 0 Amazon.com, Inc. COM 023135106 19320 59486 SH SOLE 59486 0 0 American Financial Group Inc. COM 025932104 577 9680 SH SOLE 9680 0 0 American International Group I COM 026874784 35865 657102 SH SOLE 657102 0 0 Amgen Inc. COM 031162100 23290 196760 SH SOLE 196520 0 240 Amphenol Corp Class A COM 032095101 24689 256265 SH SOLE 249275 0 6990 Analog Devices Inc. COM 032654105 709 13110 SH SOLE 13110 0 0 Apache Corporation COM 037411105 59753 593845 SH SOLE 569666 0 24179 Apple Inc. COM 037833100 31518 339159 SH SOLE 339159 0 0 Arch Capital Group LTD COM G0450A105 38230 665557 SH SOLE 651162 0 14395 AT&T Corp. COM 00206R102 577 16324 SH SOLE 11024 0 5300 Automatic Data Processing Inc. COM 053015103 11303 142567 SH SOLE 142492 0 75 Baker Hughes Inc COM 057224107 27100 364000 SH SOLE 364000 0 0 Bank Of New York Mellon Corpor COM 064058100 20053 535043 SH SOLE 534938 0 105 Baxter International Inc. COM 071813109 48138 665807 SH SOLE 636453 0 29354 BB&T Corporation COM 054937107 21668 549536 SH SOLE 548491 0 1045 Becton, Dickinson COM 075887109 3834 32411 SH SOLE 32411 0 0 Berkshire Hathaway, Inc. Cl B COM 084670702 67940 536822 SH SOLE 511932 0 24890 BHP Billition LTD - Spon ADR ADR 088606108 11089 162000 SH SOLE 162000 0 0 Biogen Idec COM 09062X103 5901 18715 SH SOLE 18715 0 0 Boeing Company (The) COM 097023105 33011 259462 SH SOLE 259177 0 285 Bristol-Myers Squibb COM 110122108 251 5172 SH SOLE 5172 0 0 Broadcom Corp COM 111320107 4826 130000 SH SOLE 130000 0 0 Brookfield Asset Management In COM 112585104 103853 2359230 SH SOLE 2304650 0 54580 Brown-Forman Corporation COM 115637209 12206 129612 SH SOLE 124375 0 5237 Brown & Brown Inc. COM 115236101 41052 1336765 SH SOLE 1297529 0 39236 C.H. Robinson Worldwide Inc. COM 12541W209 4797 75205 SH SOLE 75205 0 0 Cameron International Corp COM 13342B105 45914 678097 SH SOLE 667432 0 10665 Canadian Natural Resources Ltd COM 136385101 20889 455000 SH SOLE 455000 0 0 CarMax Inc. COM 143130102 67232 1292677 SH SOLE 1252121 0 40556 Caterpillar, Inc Del COM 149123101 217 2000 SH SOLE 2000 0 0 CBS Corp-Cl B COM 124857202 19118 307660 SH SOLE 307660 0 0 CDW Corporation of Delaware COM 12514G108 22397 702539 SH SOLE 677699 0 24840 Celgene COM 151020104 12022 139984 SH SOLE 139984 0 0 Cerner Corporation COM 156782104 12365 239728 SH SOLE 239728 0 0 Chevron Corporation COM 166764100 22199 170043 SH SOLE 169598 0 445 Cisco Systems Inc. COM 17275R102 693 27899 SH SOLE 27899 0 0 Coca Cola Co COM 191216100 6354 150004 SH SOLE 147854 0 2150 Colgate Palmolive Co. COM 194162103 276 4050 SH SOLE 4050 0 0 ConocoPhillips COM 20825C104 11158 130152 SH SOLE 130057 0 95 Copart Inc COM 217204106 71727 1994646 SH SOLE 1929409 0 65237 Costco Wholesale Corp COM 22160K105 41364 359191 SH SOLE 348483 0 10708 Crown Holdings Inc. COM 228368106 43087 865896 SH SOLE 839007 0 26889 CVS Caremark Corporation COM 126650100 31338 415783 SH SOLE 415693 0 90 Dana Holdings Corporation COM 235825205 13284 544000 SH SOLE 544000 0 0 Danaher Corp COM 235851102 55381 703427 SH SOLE 677542 0 25885 DaVita HealthCare Partners Inc COM 23918K108 34552 477762 SH SOLE 463454 0 14308 Deere & Co COM 244199105 22530 248815 SH SOLE 248525 0 290 DENTSPLY International Inc COM 249030107 38100 804655 SH SOLE 780913 0 23742 Diageo ADR ADR 25243Q205 39938 313804 SH SOLE 296353 0 17451 DIRECTV Group COM 25490A309 7848 92315 SH SOLE 92315 0 0 Discovery Communications Inc - COM 25470F302 79900 1100699 SH SOLE 1070039 0 30660 Dollar Tree Inc. COM 256746108 557 10220 SH SOLE 10220 0 0 Duke Energy Corp COM 26441C204 233 3147 SH SOLE 3147 0 0 Dupont (E.I.) de Nemours and C ADR 263534109 262 4000 SH SOLE 4000 0 0 eBay Inc. COM 278642103 56421 1127066 SH SOLE 1076806 0 50260 Ecolab Inc. COM 278865100 1100 9879 SH SOLE 9879 0 0 EMC Corporation COM 268648102 21619 820767 SH SOLE 820767 0 0 ENSCO International PLC ADR ADR G3157S106 24788 446061 SH SOLE 435099 0 10962 Expeditors International of Wa COM 302130109 30574 692341 SH SOLE 672861 0 19480 Express Scripts Holding Compan COM 30219G108 609 8786 SH SOLE 8786 0 0 Exxon Mobil Corporation COM 30231G102 29902 296996 SH SOLE 295496 0 1500 Fastenal Co. COM 311900104 26185 529103 SH SOLE 510763 0 18340 FedEx Corp COM 31428X106 32470 214495 SH SOLE 214495 0 0 FMC Corp. COM 302491303 578 8113 SH SOLE 8113 0 0 Freeport-McMoran Inc. COM 35671D857 15695 430000 SH SOLE 430000 0 0 Gannett Co Inc COM 364730101 15154 484000 SH SOLE 484000 0 0 General Dynamics Corp COM 369550108 10739 92137 SH SOLE 92137 0 0 General Electric Company COM 369604103 656 24948 SH SOLE 22948 0 2000 General Mills COM 370334104 323 6145 SH SOLE 6145 0 0 Gilead Sciences Inc. COM 375558103 13938 168115 SH SOLE 168115 0 0 Glacier Bancorp Inc COM 37637Q105 20648 727570 SH SOLE 703112 0 24458 Google Inc - Class A COM 38259P508 1241 2123 SH SOLE 2123 0 0 Google Inc - Class C COM 38259P706 22089 38397 SH SOLE 38397 0 0 Grainger, W.W. COM 384802104 6999 27525 SH SOLE 27505 0 20 Home Depot Inc. COM 437076102 24403 301424 SH SOLE 301424 0 0 Illinois Tool Works Inc COM 452308109 308 3517 SH SOLE 3517 0 0 Intel Corporation COM 458140100 6300 203881 SH SOLE 202841 0 1040 International Business Machine COM 459200101 1090 6012 SH SOLE 5982 0 30 International Flavors & Fragan COM 459506101 3258 31243 SH SOLE 31243 0 0 Invesco Ltd. COM G491BT108 533 14115 SH SOLE 14115 0 0 Jacobs Engineering Group, Inc. COM 469814107 61043 1145709 SH SOLE 1106972 0 38737 JM Smucker Company (The) COM 832696405 524 4920 SH SOLE 4920 0 0 Johnson & Johnson COM 478160104 64455 616086 SH SOLE 601200 0 14886 JPMorgan Chase & Co. COM 46625H100 1514 26282 SH SOLE 26282 0 0 Kimberly-Clark Corp COM 494368103 219 1969 SH SOLE 1969 0 0 Kinder Morgan Inc. COM 49456B101 608 16765 SH SOLE 16765 0 0 Kroger Co. (The) COM 501044101 646 13070 SH SOLE 13070 0 0 Laboratory Crp of Amer Hldgs COM 50540R409 33131 323543 SH SOLE 315796 0 7747 Liberty Global plc -Series C COM G5480U120 44634 1054932 SH SOLE 1026996 0 27936 Linear Tech Corp. COM 535678106 22222 472102 SH SOLE 472002 0 100 Lowe's Companies Inc. COM 548661107 1210 25210 SH SOLE 25210 0 0 Lululemon Athletica Inc. COM 550021109 4048 100000 SH SOLE 100000 0 0 M&T Bank Corp COM 55261F104 61655 497019 SH SOLE 483416 0 13603 Markel Corporation COM 570535104 134214 204707 SH SOLE 199200 0 5507 McDonald's Corporation COM 580135101 78155 775806 SH SOLE 749796 0 26010 McKesson Corporation COM 58155Q103 968 5200 SH SOLE 5200 0 0 Medtronic Inc. COM 585055106 28660 449494 SH SOLE 448454 0 1040 Merck & Co COM 58933Y105 31341 541756 SH SOLE 541616 0 140 Metlife, Inc. COM 59156R108 24172 435061 SH SOLE 434296 0 765 Microchip Technology Inc COM 595017104 8121 166370 SH SOLE 165645 0 725 Microsoft Corporation COM 594918104 92965 2229387 SH SOLE 2183177 0 46210 Mondelez International Inc. - COM 609207105 237 6290 SH SOLE 6290 0 0 Monsanto Co COM 61166W101 28313 226974 SH SOLE 217076 0 9898 Morgan Stanley COM 617446448 6666 206200 SH SOLE 206200 0 0 Mosaic Co/The COM 61945C103 5436 109925 SH SOLE 109925 0 0 National Oilwell Varco Inc COM 637071101 27249 330893 SH SOLE 330543 0 350 Nestle SA Spons ADR ADR 641069406 58482 752959 SH SOLE 721430 0 31529 NIKE Inc. - Class B COM 654106103 1852 23882 SH SOLE 23882 0 0 Noble Energy Inc. COM 655044105 589 7610 SH SOLE 7610 0 0 Nordstrom Inc. COM 655664100 37873 557537 SH SOLE 525812 0 31725 Norfolk Southern Corp COM 655844108 215 2087 SH SOLE 2087 0 0 Northern Trust Corp COM 665859104 36723 571927 SH SOLE 539147 0 32780 Novartis Ag ADR ADR 66987V109 11045 122004 SH SOLE 122004 0 0 Nuance Communications Inc. COM 67020Y100 3078 164000 SH SOLE 164000 0 0 Occidental Petroleum Corp COM 674599105 52384 510415 SH SOLE 510050 0 365 Omnicom Group Inc. COM 681919106 47277 663811 SH SOLE 652012 0 11799 ONEOK Partners L.P. COM 68268N103 469 8000 SH SOLE 8000 0 0 Oracle Corporation COM 68389X105 77611 1914902 SH SOLE 1849622 0 65280 PACCAR Inc. COM 693718108 32047 510052 SH SOLE 473862 0 36190 Panera Bread Company COM 69840W108 2023 13500 SH SOLE 13500 0 0 Partnerre Ltd COM G6852T105 7928 72598 SH SOLE 72548 0 50 PepsiCo Inc. COM 713448108 21347 238937 SH SOLE 238407 0 530 Perrigo Company PLC COM G97822103 30268 207655 SH SOLE 201655 0 6000 Petroleo Brasileiro SA Petrobr ADR 71654V408 2268 155000 SH SOLE 155000 0 0 Pfizer Inc. COM 717081103 42751 1440397 SH SOLE 1437062 0 3335 Philip Morris International In COM 718172109 731 8670 SH SOLE 8670 0 0 Phillips 66 COM 718546104 271 3367 SH SOLE 3367 0 0 PNC Financial Services Group I COM 693475105 1219 13686 SH SOLE 13686 0 0 Praxair, Inc. COM 74005P104 6890 51867 SH SOLE 51665 0 202 Priceline Group Inc/The COM 741503403 15338 12750 SH SOLE 12750 0 0 Procter & Gamble Company (The) COM 742718109 24160 307418 SH SOLE 306403 0 1015 QUALCOMM Inc. COM 747525103 73217 924456 SH SOLE 901670 0 22786 Reinsurance Group of America I COM 759351604 477 6040 SH SOLE 6040 0 0 RLI Corp COM 749607107 500 10930 SH SOLE 10930 0 0 Rockwell Collins Inc COM 774341101 59851 765949 SH SOLE 741630 0 24319 Roper Industries Inc COM 776696106 5759 39442 SH SOLE 39442 0 0 Ross Stores, Inc. COM 778296103 44872 678541 SH SOLE 662606 0 15935 Sally Beauty Holdings Inc. COM 79546E104 30569 1218865 SH SOLE 1185102 0 33763 Schlumberger Ltd COM 806857108 41951 355670 SH SOLE 349167 0 6503 Seagate Technology COM G7945M107 15966 281000 SH SOLE 281000 0 0 Starbucks Corp COM 855244109 13221 170853 SH SOLE 170853 0 0 State Street Corp COM 857477103 6692 99500 SH SOLE 99500 0 0 Stericylce Inc. COM 858912108 4778 40350 SH SOLE 40350 0 0 Stryker Corporation COM 863667101 764 9062 SH SOLE 9062 0 0 T Rowe Price Group Inc. COM 74144T108 9528 112875 SH SOLE 112805 0 70 Techne Corp COM 878377100 22783 246114 SH SOLE 239481 0 6633 Teva Pharmaceutical Industries COM 881624209 2202 42000 SH SOLE 42000 0 0 The Travelers Companies Inc COM 89417E109 33606 357245 SH SOLE 356255 0 990 Time Warner Inc COM 887317303 30737 437532 SH SOLE 436579 0 953 TJX Cos Inc COM 872540109 10412 195895 SH SOLE 195895 0 0 Tortoise MLP Fund Inc. COM 89148B101 2002 66917 SH SOLE 66917 0 0 TransDigm Group Inc. COM 893641100 29282 175066 SH SOLE 169641 0 5425 Tyco International Ltd. COM H89128104 529 11590 SH SOLE 11590 0 0 U.S. Bancorp COM 902973304 60302 1392004 SH SOLE 1338517 0 53487 United Parcel Services Inc. - COM 911312106 42570 414673 SH SOLE 401336 0 13337 United Technologies Corp COM 913017109 46716 404639 SH SOLE 404564 0 75 UnitedHealth Group Inc COM 91324P102 33080 404647 SH SOLE 404562 0 85 Varian Medical Systems COM 92220P105 32301 388509 SH SOLE 368330 0 20179 Verizon Communications COM 92343V104 33522 685094 SH SOLE 684194 0 900 Visa Inc. - Class A Shares COM 92826C839 17198 81618 SH SOLE 78539 0 3079 W.R. Berkley Corporation COM 084423102 43545 940300 SH SOLE 910290 0 30010 Wabtec Corporation COM 929740108 27305 330608 SH SOLE 319744 0 10864 Wal-Mart Stores Inc COM 931142103 13128 174880 SH SOLE 174480 0 400 Walt Disney Company (The) COM 254687106 6397 74606 SH SOLE 74606 0 0 Waste Management, Inc. COM 94106L109 4810 107525 SH SOLE 107400 0 125 Wells Fargo & Co COM 949746101 36370 691973 SH SOLE 689803 0 2170 Wesco Aircraft Holdings Inc COM 950814103 34271 1716964 SH SOLE 1666469 0 50495 Whole Foods Market Inc. COM 966837106 4188 108425 SH SOLE 108425 0 0 World Fuel Services COM 981475106 30302 615528 SH SOLE 596900 0 18628 Amex Consumer Staples SPDR ETF 81369Y308 370 8290 SH SOLE 8290 0 0 Health Care Select Sector SPDR ETF 81369Y209 380 6250 SH SOLE 6250 0 0 iShares Core MSCI EAFE ETF ETF 46432F842 847 13618 SH SOLE 13618 0 0 iShares Core MSCI Emerging Mar ETF 46434G103 529 10230 SH SOLE 10230 0 0 iShares Core S&P Micap ETF ETF 464287507 121842 851568 SH SOLE 848318 0 3250 iShares Core S&P Small-Cap ETF ETF 464287804 29149 260053 SH SOLE 256733 0 3320 iShares Global Energy ETF ETF 464287341 7895 162725 SH SOLE 162725 0 0 iShares MSCI EAFE ETF ETF 464287465 16848 246431 SH SOLE 243931 0 2500 iShares MSCI United Kingdom ET ETF 464286699 14268 683346 SH SOLE 683346 0 0 iShares Russell Mid-Cap ETF ETF 464287499 19914 122500 SH SOLE 122500 0 0 iShares Russell Mid-cap Value ETF 464287473 547 7539 SH SOLE 7539 0 0 iShares S&P 100 ETF ETF 464287101 6974 80596 SH SOLE 80596 0 0 iShares S&P Mid-cap 400 Value ETF 464287705 18606 146593 SH SOLE 146593 0 0 iShares Select Dividend ETF ETF 464287168 302 3925 SH SOLE 3925 0 0 Market Vectors Agribusiness ET ETF 57060U605 1190 21631 SH SOLE 21631 0 0 PowerShares Buyback Achievers ETF 73935X286 46462 1035951 SH SOLE 1035951 0 0 PowerShares FTSE RAFI Develope ETF 73936T789 3587 78751 SH SOLE 78751 0 0 PowerShares FTSE RAFI Emerging ETF 73936T763 433 20298 SH SOLE 20298 0 0 PowerShares FTSE RAFI US 1000 ETF 73935X583 6789 76765 SH SOLE 76765 0 0 PowerShares FTSE RAFI US 1500 ETF 73935X567 2404 23838 SH SOLE 23838 0 0 PowerShares QQQ Trust, Series ETF 73935A104 6264 66700 SH SOLE 66700 0 0 RevenueShares ADR Fund ETF 761396605 849 20322 SH SOLE 20322 0 0 RevenueShares Large Cap Fund E ETF 761396100 4151 107500 SH SOLE 107500 0 0 RevenueShares Mid Cap Fund ETF ETF 761396209 2971 62211 SH SOLE 62211 0 0 RevenueShares Small Cap Fund E ETF 761396308 1578 28024 SH SOLE 28024 0 0 Schwab US Dividend Equity ETF ETF 808524797 13783 360160 SH SOLE 360160 0 0 SPDR Gold Trust ETF 78463V107 2256 17623 SH SOLE 17623 0 0 SPDR MSCI ACWI ex-US ETF ETF 78463X848 370 9982 SH SOLE 9982 0 0 SPDR S&P 500 ETF Trust ETF 78462F103 133667 682952 SH SOLE 678252 0 4700 SPDR S&P China ETF ETF 78463X400 2242 29794 SH SOLE 29794 0 0 SPDR S&P Dividend ETF ETF 78464A763 21723 283623 SH SOLE 276623 0 7000 SPDR S&P Midcap 400 ETF Trust ETF 78467Y107 4878 18720 SH SOLE 18720 0 0 Vanguard Dividend Appreciation ETF 921908844 8164 104734 SH SOLE 104734 0 0 Vanguard FTSE All-World ex-US ETF 922042775 116967 2236897 SH SOLE 2234922 0 1975 Vanguard FTSE All World ex-US ETF 922042718 438 3943 SH SOLE 3943 0 0 Vanguard FTSE Emerging Markets ETF 922042858 1411 32708 SH SOLE 32708 0 0 Vanguard FTSE Europe ETF ETF 922042874 5371 89599 SH SOLE 89599 0 0 Vanguard Growth ETF ETF 922908736 13840 139942 SH SOLE 139942 0 0 Vanguard Information Technolog ETF 92204A702 38584 398632 SH SOLE 398632 0 0 Vanguard Large-Cap ETF ETF 922908637 52216 580119 SH SOLE 580119 0 0 Vanguard Value ETF ETF 922908744 53535 661335 SH SOLE 661335 0 0 WisdomTree Emerging Markets Sm ETF 97717W281 988 20587 SH SOLE 20587 0 0 WisdomTree Europe Hedged Equit ETF 97717X701 1217 20827 SH SOLE 20827 0 0 WisdomTree Japan Hedged Equity ETF 97717W851 1802 36516 SH SOLE 36516 0 0 WisdomTree MidCap Dividend fun ETF 97717W505 316 3875 SH SOLE 3875 0 0 WisdomTree SmallCap Dividend F ETF 97717W604 540 7704 SH SOLE 7704 0 0