Compliance Associate

0001138060-15-000005.txt : 20150514 0001138060-15-000005.hdr.sgml : 20150514 20150514160154 ACCESSION NUMBER: 0001138060-15-000005 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20150331 FILED AS OF DATE: 20150514 DATE AS OF CHANGE: 20150514 EFFECTIVENESS DATE: 20150514 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: 15862747 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 03-31-2015 03-31-2015 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. Due to rounding, certain dollar values may be higher or lower than the amounts would have been absent such rounding. Holly Nellessen Compliance Associate 608-216-9193 Holly Nellessen Madison WI 05-14-2015 2 230 5100036 false 1 028-10986 Madison Asset Management, LLC 2 028-14137 Madison Investment Advisors, LLC INFORMATION TABLE 2 mihi13f1q15.xml INFORMATION TABLE 3M Company COM 88579Y101 17095 103636 SH SOLE 101806 0 1830 Abbott Labs COM 002824100 232 5003 SH SOLE 5003 0 0 Accenture PLC - Class A COM G1151C101 69716 744112 SH SOLE 708853 0 35259 Advance Auto Parts Inc COM 00751Y106 24485 163569 SH SOLE 159972 0 3597 Allstate Corp. COM 020002101 221 3100 SH SOLE 3100 0 0 Altera Corp. COM 021441100 7166 167000 SH SOLE 167000 0 0 Altria Group Inc. COM 02209S103 572 11443 SH SOLE 11443 0 0 Amazon.com Inc. COM 023135106 19094 51315 SH SOLE 51315 0 0 American Financial Group Inc. COM 025932104 621 9680 SH SOLE 9680 0 0 American International Group I COM 026874784 19012 347002 SH SOLE 347002 0 0 Amgen Inc. COM 031162100 23588 147564 SH SOLE 145924 0 1640 Amphenol Corp Class A COM 032095101 25312 429533 SH SOLE 419913 0 9620 Analog Devices Inc. COM 032654105 826 13110 SH SOLE 13110 0 0 Apache Corporation COM 037411105 24274 402349 SH SOLE 386342 0 16007 Apple Inc. COM 037833100 36370 292289 SH SOLE 292289 0 0 Arch Capital Group LTD COM G0450A105 29243 474728 SH SOLE 466283 0 8445 AT&T Corp. COM 00206R102 404 12379 SH SOLE 10479 0 1900 Automatic Data Processing Inc. COM 053015103 9392 109663 SH SOLE 107738 0 1925 Baker Hughes Inc COM 057224107 7890 124100 SH SOLE 124100 0 0 Bank Of New York Mellon Corpor COM 064058100 4925 122402 SH SOLE 122402 0 0 Baxter International Inc. COM 071813109 46841 683813 SH SOLE 653177 0 30636 BB&T Corporation COM 054937107 10349 265437 SH SOLE 258392 0 7045 Becton, Dickinson and Company COM 075887109 3693 25719 SH SOLE 25719 0 0 Berkshire Hathaway Inc Cl B COM 084670702 53449 370350 SH SOLE 355753 0 14597 Biogen Idec COM 09062X103 8475 20072 SH SOLE 20072 0 0 Boeing Company (The) COM 097023105 59643 397411 SH SOLE 393317 0 4094 Bristol-Myers Squibb COM 110122108 417 6472 SH SOLE 6472 0 0 Brookfield Asset Management In COM 112585104 104076 1941362 SH SOLE 1893567 0 47795 Brown-Forman Corporation COM 115637209 9735 107744 SH SOLE 104162 0 3582 Brown & Brown Inc. COM 115236101 70639 2133455 SH SOLE 2074782 0 58673 Cameron International Corp COM 13342B105 5857 129810 SH SOLE 129810 0 0 CarMax Inc. COM 143130102 37996 550593 SH SOLE 529957 0 20636 Catamaran Corporation COM 148887102 56137 942853 SH SOLE 911543 0 31310 CBS Corp-Cl B COM 124857202 20063 330917 SH SOLE 330917 0 0 CDW Corporation of Delaware COM 12514G108 33594 902100 SH SOLE 878575 0 23525 Celgene COM 151020104 8497 73711 SH SOLE 73711 0 0 Chevron Corporation COM 166764100 17821 169753 SH SOLE 164708 0 5045 Cisco Systems Inc. COM 17275R102 808 29367 SH SOLE 29367 0 0 Citigroup Inc. COM 172967424 15354 298017 SH SOLE 298017 0 0 Coca Cola Co COM 191216100 10227 252208 SH SOLE 241473 0 10735 Colfax Corp COM 194014106 20705 433803 SH SOLE 421888 0 11915 Colgate Palmolive Co. COM 194162103 442 6370 SH SOLE 6370 0 0 ConocoPhillips COM 20825C104 5831 93659 SH SOLE 91504 0 2155 Copart Inc COM 217204106 72836 1938683 SH SOLE 1874576 0 64107 Costco Wholesale Corp COM 22160K105 34644 228678 SH SOLE 219976 0 8702 Crown Holdings Inc. COM 228368106 44540 824502 SH SOLE 805318 0 19184 CVS Health Corp COM 126650100 39670 384358 SH SOLE 384268 0 90 Danaher Corp COM 235851102 61208 720944 SH SOLE 698415 0 22529 DaVita HealthCare Partners Inc COM 23918K108 31917 392684 SH SOLE 382456 0 10228 Diageo ADR ADR 25243Q205 47149 426421 SH SOLE 405435 0 20986 DIRECTV Group COM 25490A309 6186 72694 SH SOLE 72694 0 0 Discovery Communications Inc - COM 25470F302 77952 2644681 SH SOLE 2561406 0 83275 Discovery Communications Inc. COM 25470F104 541 17600 SH SOLE 17600 0 0 Dollar Tree Inc. COM 256746108 520 6405 SH SOLE 6405 0 0 Duke Energy Corp COM 26441C204 28368 369471 SH SOLE 364768 0 4703 Dupont (E.I.) de Nemours and C COM 263534109 286 4000 SH SOLE 4000 0 0 eBay Inc. COM 278642103 30973 536986 SH SOLE 536986 0 0 Ecolab Inc. COM 278865100 1155 10099 SH SOLE 10099 0 0 EMC Corporation COM 268648102 9824 384342 SH SOLE 384342 0 0 EOG Resources Inc. COM 26875P101 13063 142469 SH SOLE 142469 0 0 Expeditors International of Wa COM 302130109 27684 574601 SH SOLE 560681 0 13920 Express Scripts Holding Compan COM 30219G108 28670 330418 SH SOLE 330418 0 0 Exxon Mobil Corporation COM 30231G102 39316 462542 SH SOLE 456042 0 6500 Fastenal Co. COM 311900104 21805 526242 SH SOLE 512062 0 14180 FedEx Corp COM 31428X106 563 3400 SH SOLE 3400 0 0 FMC Corp. COM 302491303 478 8355 SH SOLE 8355 0 0 Generac Holdings Inc COM 368736104 21516 441896 SH SOLE 429006 0 12890 General Electric Company COM 369604103 9388 378400 SH SOLE 366930 0 11470 General Mills COM 370334104 21677 382989 SH SOLE 375589 0 7400 Gilead Sciences Inc. COM 375558103 17400 177315 SH SOLE 177315 0 0 Glacier Bancorp Inc COM 37637Q105 21304 847068 SH SOLE 823935 0 23133 Google Inc - Class A COM 38259P508 1124 2026 SH SOLE 2026 0 0 Google Inc - Class C COM 38259P706 55241 100805 SH SOLE 97458 0 3347 Home Depot Inc. COM 437076102 24637 216854 SH SOLE 213214 0 3640 IHS Inc. COM 451734107 22857 200927 SH SOLE 196239 0 4688 Intel Corporation COM 458140100 6120 195719 SH SOLE 188679 0 7040 International Business Machine COM 459200101 540 3366 SH SOLE 3336 0 30 International Flavors & Fragan COM 459506101 1856 15813 SH SOLE 15813 0 0 Invesco Ltd. COM G491BT108 566 14266 SH SOLE 14266 0 0 Jacobs Engineering Group Inc COM 469814107 65787 1456746 SH SOLE 1405327 0 51419 JM Smucker Company (The) COM 832696405 50810 439042 SH SOLE 421890 0 17152 Johnson & Johnson COM 478160104 47459 471762 SH SOLE 449109 0 22653 JPMorgan Chase & Co. COM 46625H100 1627 26852 SH SOLE 26852 0 0 Kohl's Corporation COM 500255104 318 4060 SH SOLE 4060 0 0 Kroger Co. (The) COM 501044101 1001 13053 SH SOLE 13053 0 0 Laboratory Crp of Amer Hldgs COM 50540R409 38106 302211 SH SOLE 294414 0 7797 Liberty Global plc -Series C COM G5480U120 66360 1332265 SH SOLE 1310819 0 21446 Liberty Ventures - Series A COM 53071M880 11380 270886 SH SOLE 261621 0 9265 Linear Tech Corp. COM 535678106 20053 428475 SH SOLE 423650 0 4825 Lowe's Companies Inc. COM 548661107 1527 20523 SH SOLE 20523 0 0 M&T Bank Corp COM 55261F104 36090 284175 SH SOLE 275327 0 8848 Marathon Petroleum Corp COM 56585A102 13933 136075 SH SOLE 136075 0 0 Markel Corporation COM 570535104 116823 151924 SH SOLE 148572 0 3352 Masco Corp. COM 574599106 16204 606890 SH SOLE 606890 0 0 McDonald's Corporation COM 580135101 48970 502570 SH SOLE 481594 0 20976 McKesson Corporation COM 58155Q103 1174 5191 SH SOLE 5191 0 0 Medtronic PLC COM G5960L103 32834 421004 SH SOLE 413864 0 7140 Merck & Co COM 58933Y105 17444 303476 SH SOLE 297036 0 6440 Metlife Inc COM 59156R108 7081 140087 SH SOLE 134872 0 5215 Microsoft Corporation COM 594918104 39032 960080 SH SOLE 951385 0 8695 Mondelez International Inc. - COM 609207105 14557 403352 SH SOLE 396127 0 7225 Mosaic Co/The COM 61945C103 797 17300 SH SOLE 17300 0 0 National Oilwell Varco Inc COM 637071101 700 14000 SH SOLE 14000 0 0 Nestle SA Spons ADR ADR 641069406 48131 639862 SH SOLE 605734 0 34128 NextEra Energy Inc. COM 65339F101 229 2200 SH SOLE 2200 0 0 NIKE Inc. - Class B COM 654106103 2312 23041 SH SOLE 23041 0 0 Noble Energy Inc. COM 655044105 372 7610 SH SOLE 7610 0 0 Nordstrom Inc. COM 655664100 32870 409239 SH SOLE 387582 0 21657 Northern Trust Corp COM 665859104 10526 151130 SH SOLE 147965 0 3165 Novartis Ag ADR ADR 66987V109 9307 94380 SH SOLE 92530 0 1850 Nuance Communications Inc. COM 67020Y100 2353 164000 SH SOLE 164000 0 0 Occidental Petroleum Corp COM 674599105 23610 323421 SH SOLE 321546 0 1875 Oceaneering International Inc COM 675232102 16708 309813 SH SOLE 301238 0 8575 Omnicom Group Inc. COM 681919106 46194 592380 SH SOLE 580672 0 11708 ONEOK Partners L.P. COM 68268N103 327 8000 SH SOLE 8000 0 0 Oracle Corporation COM 68389X105 80045 1855041 SH SOLE 1798016 0 57025 PACCAR Inc. COM 693718108 34116 540315 SH SOLE 510147 0 30168 PepsiCo Inc. COM 713448108 13138 137394 SH SOLE 134119 0 3275 Perrigo Company PLC ADR G97822103 31892 192645 SH SOLE 188033 0 4612 Pfizer Inc. COM 717081103 46856 1346832 SH SOLE 1326892 0 19940 Philip Morris International In COM 718172109 696 9243 SH SOLE 9243 0 0 Phillips 66 COM 718546104 284 3617 SH SOLE 3617 0 0 PNC Financial Services Group I COM 693475105 5596 60017 SH SOLE 60017 0 0 Praxair Inc COM 74005P104 8285 68615 SH SOLE 66425 0 2190 Priceline Group Inc/The COM 741503403 7451 6400 SH SOLE 6400 0 0 Procter & Gamble Company (The) COM 742718109 17966 219264 SH SOLE 212549 0 6715 Progressive Corp. COM 743315103 30558 1123450 SH SOLE 1053618 0 69832 QUALCOMM Inc. COM 747525103 25042 361154 SH SOLE 356509 0 4645 Quest Diagnostics COM 74834L100 26447 344139 SH SOLE 339829 0 4310 Reinsurance Group of America I COM 759351604 563 6040 SH SOLE 6040 0 0 RLI Corp COM 749607107 591 11270 SH SOLE 11270 0 0 Rockwell Collins Inc COM 774341101 73553 761810 SH SOLE 741981 0 19829 Ross Stores Inc COM 778296103 65006 616988 SH SOLE 602438 0 14550 Sally Beauty Holdings Inc. COM 79546E104 41463 1206384 SH SOLE 1174801 0 31583 Schlumberger Ltd COM 806857108 25472 305268 SH SOLE 293996 0 11272 Sony Corp ADR ADR 835699307 10846 405000 SH SOLE 405000 0 0 Starbucks Corp COM 855244109 17086 180420 SH SOLE 180420 0 0 State Street Corp COM 857477103 7169 97500 SH SOLE 97500 0 0 Stryker Corporation COM 863667101 869 9423 SH SOLE 9423 0 0 T Rowe Price Group Inc. COM 74144T108 20489 253015 SH SOLE 252945 0 70 TE Connectivity Limited COM H84989104 30873 431072 SH SOLE 408677 0 22395 The Travelers Companies Inc COM 89417E109 35383 327227 SH SOLE 320437 0 6790 Thermo Fisher Scientific Inc. COM 883556102 25604 190588 SH SOLE 190588 0 0 Time Warner Inc COM 887317303 30759 364271 SH SOLE 360398 0 3873 TJX Cos Inc COM 872540109 35415 505565 SH SOLE 472965 0 32600 Tortoise MLP Fund Inc. COM 89148B101 1874 77872 SH SOLE 77872 0 0 Twenty-First Century Fox Class COM 90130A101 7309 216000 SH SOLE 216000 0 0 Tyco International PLC COM G91442106 499 11590 SH SOLE 11590 0 0 U.S. Bancorp COM 902973304 54534 1248767 SH SOLE 1196360 0 52407 United Parcel Services Inc. - COM 911312106 24212 249764 SH SOLE 245184 0 4580 United Technologies Corp COM 913017109 37286 318139 SH SOLE 314914 0 3225 UnitedHealth Group Inc COM 91324P102 32721 276617 SH SOLE 276532 0 85 Varian Medical Systems COM 92220P105 24024 255327 SH SOLE 239019 0 16308 Verizon Communications COM 92343V104 43549 895527 SH SOLE 884262 0 11265 Visa Inc. - Class A Shares COM 92826C839 26727 408611 SH SOLE 386163 0 22448 W.R. Berkley Corporation COM 084423102 30373 601329 SH SOLE 585544 0 15785 Wal-Mart Stores Inc COM 931142103 29441 357942 SH SOLE 354542 0 3400 Walt Disney Company (The) COM 254687106 7746 73846 SH SOLE 73846 0 0 Waste Management Inc COM 94106L109 5212 96108 SH SOLE 92683 0 3425 Wells Fargo & Co COM 949746101 35184 646768 SH SOLE 636298 0 10470 Whole Foods Market Inc. COM 966837106 256 4920 SH SOLE 4920 0 0 Wisconsin Energy Corporation COM 976657106 218 4401 SH SOLE 4401 0 0 World Fuel Services COM 981475106 39589 688736 SH SOLE 670021 0 18715 WW Grainger Inc COM 384802104 12736 54011 SH SOLE 53991 0 20 Amex Consumer Staples SPDR ETF 81369Y308 205 4198 SH SOLE 4198 0 0 Guggenheim BulletShares 2015 C ETF 18383M563 945 43609 SH SOLE 43609 0 0 Guggenheim BulletShares 2016 C ETF 18383M555 1183 53196 SH SOLE 53196 0 0 Guggenheim BulletShares 2017 C ETF 18383M548 1187 51995 SH SOLE 51995 0 0 Guggenheim BulletShares 2018 C ETF 18383M530 1105 51839 SH SOLE 51839 0 0 Health Care Select Sector SPDR ETF 81369Y209 244 3361 SH SOLE 3361 0 0 iShares 3-7 Year Treasury Bon ETF 464288661 93614 753919 SH SOLE 753919 0 0 iShares 1-3 Year Treasury Bond ETF 464287457 9904 116677 SH SOLE 116677 0 0 iShares 20+ Year Treasury Bond ETF 464287432 4939 37790 SH SOLE 37790 0 0 iShares 2015 AMT-Free Muni Ter ETF 464289339 225 4288 SH SOLE 4288 0 0 iShares 7-10 Year Treasury Bon ETF 464287440 143293 1322017 SH SOLE 1322017 0 0 iShares Core MSCI EAFE ETF ETF 46432F842 231 3950 SH SOLE 3950 0 0 iShares Core MSCI Emerging Mar ETF 46434G103 618 12777 SH SOLE 12777 0 0 iShares Core S&P 500 ETF ETF 464287200 733 3528 SH SOLE 3528 0 0 iShares Core S&P Micap ETF ETF 464287507 164361 1081462 SH SOLE 1078212 0 3250 iShares Core S&P Small-Cap ETF ETF 464287804 31970 270867 SH SOLE 267547 0 3320 iShares Global Energy ETF ETF 464287341 451 12655 SH SOLE 12655 0 0 iShares MSCI EAFE ETF ETF 464287465 1048 16330 SH SOLE 13830 0 2500 iShares MSCI EAFE Minimum Vola ETF 46429B689 25397 385450 SH SOLE 385450 0 0 iShares MSCI Japan ETF ETF 464286848 175 13943 SH SOLE 13943 0 0 iShares MSCI United Kingdom ET ETF 46434V548 3724 206773 SH SOLE 206773 0 0 iShares Russell Mid-Cap ETF ETF 464287499 20173 116527 SH SOLE 116527 0 0 iShares S&P 100 ETF ETF 464287101 422 4675 SH SOLE 4675 0 0 iShares Select Dividend ETF ETF 464287168 306 3925 SH SOLE 3925 0 0 iShares TIPS Bond ETF ETF 464287176 4474 39388 SH SOLE 39388 0 0 PowerShares Buyback Achievers ETF 73935X286 82484 1672765 SH SOLE 1672765 0 0 PowerShares FTSE RAFI Develope ETF 73936T789 3996 97555 SH SOLE 97555 0 0 PowerShares FTSE RAFI Emerging ETF 73936T763 308 16663 SH SOLE 16663 0 0 PowerShares FTSE RAFI US 1000 ETF 73935X583 7009 76764 SH SOLE 76764 0 0 PowerShares FTSE RAFI US 1500 ETF 73935X567 3269 31432 SH SOLE 31432 0 0 PowerShares QQQ Trust, Series ETF 73935A104 9678 91650 SH SOLE 91650 0 0 RevenueShares ADR Fund ETF 761396605 623 17280 SH SOLE 17280 0 0 RevenueShares Large Cap Fund E ETF 761396100 3915 94447 SH SOLE 94447 0 0 RevenueShares Mid Cap Fund ETF ETF 761396209 3979 78630 SH SOLE 78630 0 0 RevenueShares Small Cap Fund E ETF 761396308 1627 27642 SH SOLE 27642 0 0 Schwab Fundamental US Large Co ETF 808524771 621 20716 SH SOLE 20716 0 0 Schwab US Dividend Equity ETF ETF 808524797 16493 418489 SH SOLE 418489 0 0 SPDR Barclays Short Term High ETF 78468R408 25256 865227 SH SOLE 865227 0 0 SPDR Gold Trust ETF 78463V107 26532 233436 SH SOLE 233436 0 0 SPDR S&P 500 ETF Trust ETF 78462F103 115641 560194 SH SOLE 555494 0 4700 SPDR S&P China ETF ETF 78463X400 879 10383 SH SOLE 10383 0 0 SPDR S&P Dividend ETF ETF 78464A763 23652 302458 SH SOLE 295458 0 7000 SPDR S&P Emerging Asia Pacific ETF 78463X301 15994 181710 SH SOLE 181710 0 0 SPDR S&P Homebuilders ETF ETF 78464A888 1588 43081 SH SOLE 43081 0 0 SPDR S&P Midcap 400 ETF Trust ETF 78467Y107 4647 16760 SH SOLE 16760 0 0 Vanguard Dividend Appreciation ETF 921908844 2580 32062 SH SOLE 32062 0 0 Vanguard FTSE All-World ex-US ETF 922042775 81447 1671389 SH SOLE 1669414 0 1975 Vanguard FTSE All World ex-US ETF 922042718 430 4329 SH SOLE 4329 0 0 Vanguard FTSE Emerging Markets ETF 922042858 1131 27672 SH SOLE 27672 0 0 Vanguard FTSE Europe ETF ETF 922042874 471 8691 SH SOLE 8691 0 0 Vanguard Growth ETF ETF 922908736 72681 694782 SH SOLE 694782 0 0 Vanguard Health Care ETF ETF 92204A504 13612 100444 SH SOLE 100444 0 0 Vanguard Information Technolog ETF 92204A702 50130 470617 SH SOLE 470617 0 0 Vanguard Int-Term Corp Bond Fu ETF 92206C870 11082 126366 SH SOLE 126366 0 0 Vanguard Large-Cap ETF ETF 922908637 33077 347444 SH SOLE 347444 0 0 Vanguard Mid-Cap Value ETF ETF 922908512 929 10103 SH SOLE 10103 0 0 Vanguard S&P 500 ETF ETF 922908363 742 3921 SH SOLE 3921 0 0 Vanguard Short-Term Bond ETF ETF 921937827 15691 194866 SH SOLE 194866 0 0 Vanguard Short-Term Corporate ETF 92206C409 32685 407489 SH SOLE 407489 0 0 Vanguard Total Bond Market ETF ETF 921937835 78295 939127 SH SOLE 939127 0 0 Vanguard Value ETF ETF 922908744 803 9588 SH SOLE 9588 0 0 WisdomTree Emerging Markets Sm ETF 97717W281 971 21945 SH SOLE 21945 0 0 WisdomTree Europe Hedged Equit ETF 97717X701 58923 890886 SH SOLE 890886 0 0 WisdomTree Japan Hedged Equity ETF 97717W851 33920 615391 SH SOLE 615391 0 0 WisdomTree MidCap Dividend fun ETF 97717W505 329 3817 SH SOLE 3817 0 0 WisdomTree SmallCap Dividend F ETF 97717W604 319 4422 SH SOLE 4422 0 0