Compliance Associate

0001138060-16-000016.txt : 20160209 0001138060-16-000016.hdr.sgml : 20160209 20160209124742 ACCESSION NUMBER: 0001138060-16-000016 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20151231 FILED AS OF DATE: 20160209 DATE AS OF CHANGE: 20160209 EFFECTIVENESS DATE: 20160209 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: 161398314 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 12-31-2015 12-31-2015 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 Flynn Compliance Associate 6082169193 Holly Flynn Madison WI 02-09-2016 2 226 4605453 false 1 028-10986 Madison Asset Management, LLC 2 028-14137 Madison Investment Advisors, LLC INFORMATION TABLE 2 mihi13f4q2015informationta.xml INFORMATION TABLE 3M Company COM 88579Y101 13105 86996 SH SOLE 85801 0 1195 Accenture PLC - Class A COM G1151C101 59337 567816 SH SOLE 540191 0 27625 Agilent Technologies Inc COM 00846U101 4357 104200 SH SOLE 104200 0 0 AGL Resources Inc COM 001204106 240 3755 SH SOLE 3755 0 0 Alphabet Inc - Class A COM 02079K305 1425 1831 SH SOLE 1831 0 0 Alphabet Inc - Class C COM 02079K107 44086 58093 SH SOLE 56284 0 1809 Altria Group Inc. COM 02209S103 640 10993 SH SOLE 10993 0 0 Amazon.com Inc COM 023135106 4623 6840 SH SOLE 6840 0 0 American Financial Group Inc. COM 025932104 681 9450 SH SOLE 9450 0 0 American International Group I COM 026874784 27639 446002 SH SOLE 446002 0 0 American Tower Corp -Cl A COM 03027X100 36695 378494 SH SOLE 358790 0 19704 Amgen Inc COM 031162100 22715 139929 SH SOLE 138289 0 1640 Amphenol Corp Class A COM 032095101 20618 394752 SH SOLE 385037 0 9715 Analog Devices Inc COM 032654105 721 13030 SH SOLE 13030 0 0 Apache Corporation COM 037411105 4290 96471 SH SOLE 96471 0 0 Apple Inc COM 037833100 34432 327114 SH SOLE 327024 0 90 Arch Capital Group LTD COM G0450A105 31631 453486 SH SOLE 444946 0 8540 AT&T Inc COM 00206R102 430 12488 SH SOLE 12488 0 0 Automatic Data Processing Inc COM 053015103 9361 110494 SH SOLE 108504 0 1990 Baker Hughes Inc COM 057224107 6313 136800 SH SOLE 136800 0 0 Bank of New York Mellon Corpor COM 064058100 8714 211402 SH SOLE 211402 0 0 Baxalta Inc COM 07177M103 7373 188904 SH SOLE 188904 0 0 Baxter International Inc. COM 071813109 17485 458323 SH SOLE 435087 0 23236 BB&T Corporation COM 054937107 9857 260702 SH SOLE 253657 0 7045 Becton, Dickinson and Company COM 075887109 4226 27422 SH SOLE 27422 0 0 Berkshire Hathaway Inc Cl B COM 084670702 41447 313901 SH SOLE 298326 0 15575 Biogen Inc COM 09062X103 17909 58460 SH SOLE 58460 0 0 Boeing Company (The) COM 097023105 29401 203344 SH SOLE 199250 0 4094 Bristol-Myers Squibb COM 110122108 445 6472 SH SOLE 6472 0 0 Brookfield Asset Management In COM 112585104 65320 2071682 SH SOLE 2013089 0 58593 Brown-Forman Corporation COM 115637209 9808 98793 SH SOLE 95169 0 3624 Brown & Brown Inc. COM 115236101 48927 1524213 SH SOLE 1493187 0 31026 Cameron International Corp COM 13342B105 5966 94400 SH SOLE 94400 0 0 CarMax Inc. COM 143130102 42480 787097 SH SOLE 766379 0 20718 CBS Corp-Cl B COM 124857202 14160 300452 SH SOLE 300452 0 0 CDW Corp/DE COM 12514G108 30222 718885 SH SOLE 700045 0 18840 Celgene Corp COM 151020104 5169 43159 SH SOLE 43159 0 0 Cerner Corporation COM 156782104 6555 108935 SH SOLE 108935 0 0 Chevron Corporation COM 166764100 11209 124600 SH SOLE 120905 0 3695 Cisco Systems Inc. COM 17275R102 23365 860432 SH SOLE 853407 0 7025 Citigroup Inc. COM 172967424 13560 262026 SH SOLE 262026 0 0 Coca-Cola Co COM 191216100 10507 244569 SH SOLE 234754 0 9815 Colgate Palmolive Co. COM 194162103 369 5542 SH SOLE 5542 0 0 ConocoPhillips COM 20825C104 1554 33281 SH SOLE 33281 0 0 Copart Inc COM 217204106 62361 1640647 SH SOLE 1591505 0 49142 Costco Wholesale Corp COM 22160K105 18313 113394 SH SOLE 113394 0 0 Crown Castle International Cor COM 22822V101 10625 122907 SH SOLE 118734 0 4173 Crown Holdings Inc. COM 228368106 32985 650591 SH SOLE 631207 0 19384 CVS Health Corp COM 126650100 18081 184938 SH SOLE 184848 0 90 Danaher Corp COM 235851102 45766 492745 SH SOLE 477400 0 15345 DaVita HealthCare Partners Inc COM 23918K108 24999 358618 SH SOLE 348272 0 10346 Diageo PLC ADR ADR 25243Q205 47353 434150 SH SOLE 410428 0 23722 Discovery Communications Inc - COM 25470F302 58124 2304672 SH SOLE 2222551 0 82121 Discovery Communications Inc. COM 25470F104 902 33800 SH SOLE 33800 0 0 Dollar General Corp COM 256677105 15760 219287 SH SOLE 203092 0 16195 Dollar Tree Inc. COM 256746108 246 3180 SH SOLE 3180 0 0 Duke Energy Corp COM 26441C204 23354 327139 SH SOLE 321324 0 5815 Dupont (E.I.) de Nemours and C ADR 263534109 270 4060 SH SOLE 4060 0 0 eBay Inc. COM 278642103 439 15982 SH SOLE 15982 0 0 Ecolab Inc. COM 278865100 1180 10316 SH SOLE 10316 0 0 EMC Corp/MA COM 268648102 6404 249367 SH SOLE 249367 0 0 EOG Resources Inc. COM 26875P101 4615 65195 SH SOLE 65195 0 0 Expeditors International of Wa COM 302130109 43730 969613 SH SOLE 949338 0 20275 Express Scripts Holding Compan COM 30219G108 19981 228590 SH SOLE 228590 0 0 Exxon Mobil Corporation COM 30231G102 30620 392813 SH SOLE 387058 0 5755 Fastenal Co. COM 311900104 19063 466997 SH SOLE 452657 0 14340 General Electric Company COM 369604103 44937 1442592 SH SOLE 1420117 0 22475 General Mills Inc COM 370334104 25812 447664 SH SOLE 440264 0 7400 Gilead Sciences Inc. COM 375558103 17883 176731 SH SOLE 176731 0 0 Glacier Bancorp Inc COM 37637Q105 20770 782875 SH SOLE 759477 0 23398 Hartford Financial Services Gr COM 416515104 15394 354204 SH SOLE 354204 0 0 HCA Holdings Inc COM 40412C101 13493 199515 SH SOLE 199515 0 0 HCP Inc COM 40414L109 202 5280 SH SOLE 5280 0 0 Hershey Co/The COM 427866108 41100 460398 SH SOLE 444887 0 15511 Home Depot Inc. COM 437076102 28073 212275 SH SOLE 207735 0 4540 IHS Inc. COM 451734107 26698 225431 SH SOLE 219472 0 5959 Intel Corporation COM 458140100 975 28296 SH SOLE 28296 0 0 International Flavors & Fragra COM 459506101 2009 16788 SH SOLE 16788 0 0 Invesco Ltd. COM G491BT108 468 13991 SH SOLE 13991 0 0 Jacobs Engineering Group Inc COM 469814107 48541 1157114 SH SOLE 1108570 0 48544 JM Smucker Company (The) COM 832696405 83548 677376 SH SOLE 655153 0 22223 Johnson & Johnson COM 478160104 62020 603782 SH SOLE 573795 0 29987 Johnson Controls Inc COM 478366107 6450 163336 SH SOLE 162451 0 885 JPMorgan Chase & Co. COM 46625H100 1811 27427 SH SOLE 27427 0 0 Kroger Co. (The) COM 501044101 684 16360 SH SOLE 16360 0 0 Laboratory Corp of America Hol COM 50540R409 33962 274685 SH SOLE 266798 0 7887 Liberty Global plc -Series C COM G5480U120 38065 933641 SH SOLE 911947 0 21694 Liberty Ventures - Series A COM 53071M880 42501 942160 SH SOLE 917390 0 24770 Linear Technology Corp COM 535678106 23661 557115 SH SOLE 549890 0 7225 Lowe's Companies Inc. COM 548661107 1468 19308 SH SOLE 19308 0 0 M&T Bank Corp COM 55261F104 21528 177657 SH SOLE 173124 0 4533 Markel Corporation COM 570535104 96415 109147 SH SOLE 106810 0 2337 Mattel Inc. COM 577081102 9918 365051 SH SOLE 365051 0 0 McDonald's Corporation COM 580135101 85540 724059 SH SOLE 703743 0 20316 McGraw Hill Financial Inc. COM 580645109 4742 48107 SH SOLE 48107 0 0 McKesson Corporation COM 58155Q103 18164 92098 SH SOLE 92098 0 0 Medtronic PLC COM G5960L103 17609 228932 SH SOLE 224052 0 4880 Merck & Co Inc COM 58933Y105 8994 170286 SH SOLE 163766 0 6520 MetLife Inc COM 59156R108 5473 113520 SH SOLE 108250 0 5270 Microsoft Corporation COM 594918104 67758 1221307 SH SOLE 1210152 0 11155 Mondelez International Inc. - COM 609207105 25068 559061 SH SOLE 551836 0 7225 Motorola Solutions Inc. COM 620076307 28441 415506 SH SOLE 404621 0 10885 Nestle SA Spons ADR ADR 641069406 38929 523097 SH SOLE 492281 0 30816 NextEra Energy Inc. COM 65339F101 564 5428 SH SOLE 5428 0 0 NIKE Inc. - Class B COM 654106103 2170 34716 SH SOLE 34716 0 0 Noble Energy Inc. COM 655044105 219 6660 SH SOLE 6660 0 0 Nordstrom Inc. COM 655664100 32483 652148 SH SOLE 620823 0 31325 Northern Trust Corp COM 665859104 10862 150677 SH SOLE 147512 0 3165 Novartis AG ADR ADR 66987V109 3764 43750 SH SOLE 43750 0 0 Nuance Communications Inc COM 67020Y100 4237 213000 SH SOLE 213000 0 0 Occidental Petroleum Corp COM 674599105 26032 385030 SH SOLE 383155 0 1875 Oceaneering International Inc COM 675232102 10227 272579 SH SOLE 263909 0 8670 Omnicom Group Inc. COM 681919106 49487 654066 SH SOLE 640269 0 13797 ONEOK Partners L.P. COM 68268N103 211 7000 SH SOLE 7000 0 0 Oracle Corporation COM 68389X105 49731 1361363 SH SOLE 1308038 0 53325 PACCAR Inc. COM 693718108 25197 531589 SH SOLE 504528 0 27061 PayPal Holdings Inc COM 70450Y103 9451 261066 SH SOLE 261066 0 0 PepsiCo Inc. COM 713448108 15451 154633 SH SOLE 151323 0 3310 Perrigo Company PLC COM G97822103 19749 136483 SH SOLE 132581 0 3902 Pfizer Inc. COM 717081103 34197 1059386 SH SOLE 1039946 0 19440 Philip Morris International In COM 718172109 747 8493 SH SOLE 8493 0 0 Phillips 66 COM 718546104 270 3297 SH SOLE 3297 0 0 PNC Financial Services Group I COM 693475105 13896 145793 SH SOLE 145793 0 0 Praxair Inc COM 74005P104 8580 83791 SH SOLE 80749 0 3042 Precision Castparts Corp COM 740189105 16696 71963 SH SOLE 69422 0 2541 Procter & Gamble Company (The) COM 742718109 15733 198128 SH SOLE 189813 0 8315 Progressive Corp. COM 743315103 29635 931914 SH SOLE 881637 0 50277 QUALCOMM Inc. COM 747525103 12669 253457 SH SOLE 253457 0 0 Reinsurance Group of America I COM 759351604 497 5815 SH SOLE 5815 0 0 Republic Services Inc. COM 760759100 20867 474360 SH SOLE 474360 0 0 Reynolds American Inc. COM 761713106 212 4600 SH SOLE 4600 0 0 RLI Corp COM 749607107 621 10060 SH SOLE 10060 0 0 Rockwell Collins Inc COM 774341101 42738 463032 SH SOLE 445564 0 17468 Ross Stores Inc COM 778296103 60452 1123434 SH SOLE 1093999 0 29435 Sally Beauty Holdings Inc. COM 79546E104 43841 1571927 SH SOLE 1530578 0 41349 Schlumberger Ltd COM 806857108 24751 354851 SH SOLE 340693 0 14158 Starbucks Corp COM 855244109 4978 82918 SH SOLE 82918 0 0 State Street Corp COM 857477103 6244 94100 SH SOLE 94100 0 0 Stryker Corporation COM 863667101 876 9423 SH SOLE 9423 0 0 T-Mobile US Inc COM 872590104 19834 507000 SH SOLE 507000 0 0 T Rowe Price Group Inc. COM 74144T108 15141 211785 SH SOLE 211715 0 70 TE Connectivity Limited COM H84989104 26439 409214 SH SOLE 389194 0 20020 Texas Instruments Inc COM 882508104 8229 150144 SH SOLE 143314 0 6830 The Travelers Companies Inc COM 89417E109 17120 151689 SH SOLE 144899 0 6790 Thermo Fisher Scientific Inc. COM 883556102 7914 55788 SH SOLE 55788 0 0 TJX Cos Inc COM 872540109 31083 438343 SH SOLE 409223 0 29120 Tyco International PLC COM G91442106 361 11330 SH SOLE 11330 0 0 Tyson Foods Inc A COM 902494103 29438 552000 SH SOLE 552000 0 0 U.S. Bancorp COM 902973304 50610 1186072 SH SOLE 1138770 0 47302 United Parcel Services Inc - C COM 911312106 32360 336280 SH SOLE 330760 0 5520 United Technologies Corp COM 913017109 18981 197570 SH SOLE 193440 0 4130 Varian Medical Systems Inc COM 92220P105 33816 418514 SH SOLE 398043 0 20471 Verizon Communications Inc COM 92343V104 29906 647032 SH SOLE 635767 0 11265 Visa Inc - Class A COM 92826C839 31719 409015 SH SOLE 389118 0 19897 W.R. Berkley Corporation COM 084423102 30274 552942 SH SOLE 536977 0 15965 Walt Disney Company (The) COM 254687106 13077 124452 SH SOLE 124452 0 0 Waste Management Inc COM 94106L109 7383 138327 SH SOLE 132277 0 6050 WEC Energy Group Inc COM 92939U106 264 5143 SH SOLE 5143 0 0 Wells Fargo & Co COM 949746101 38605 710176 SH SOLE 700481 0 9695 World Fuel Services Corp COM 981475106 27459 713961 SH SOLE 694916 0 19045 WW Grainger Inc COM 384802104 16392 80910 SH SOLE 80865 0 45 Energy Select Sector SPDR Fund ETF 81369Y506 1964 32564 SH SOLE 32564 0 0 Guggenheim BulletShares 2016 C ETF 18383M555 1661 75240 SH SOLE 75240 0 0 Guggenheim BulletShares 2017 C ETF 18383M548 1679 74558 SH SOLE 74558 0 0 Guggenheim BulletShares 2018 C ETF 18383M530 1608 76507 SH SOLE 76507 0 0 Guggenheim BulletShares 2019 C ETF 18383M522 453 21736 SH SOLE 21736 0 0 iShares 20+ Year Treasury Bond ETF 464287432 6018 49908 SH SOLE 49908 0 0 iShares 3-7 Year Treasury Bond ETF 464288661 131643 1073673 SH SOLE 1073673 0 0 iShares 7-10 Year Treasury Bon ETF 464287440 119206 1128951 SH SOLE 1128951 0 0 iShares Core MSCI EAFE ETF ETF 46432F842 49023 901492 SH SOLE 901492 0 0 iShares Core MSCI Emerging Mar ETF 46434G103 354 8996 SH SOLE 8996 0 0 iShares Core S&P 500 ETF ETF 464287200 969 4732 SH SOLE 4732 0 0 iShares Core S&P Mid-Cap ETF ETF 464287507 123341 885306 SH SOLE 882056 0 3250 iShares Core S&P Small-Cap ETF ETF 464287804 31468 285791 SH SOLE 283797 0 1994 iShares Intermediate Credit Bo ETF 464288638 5010 46704 SH SOLE 46704 0 0 iShares MSCI EAFE ETF ETF 464287465 970 16513 SH SOLE 14013 0 2500 iShares MSCI EAFE Minimum Vola ETF 46429B689 29462 454163 SH SOLE 454163 0 0 iShares MSCI United Kingdom ET ETF 46434V548 2765 171304 SH SOLE 171304 0 0 iShares MSCI USA Minimum Volat ETF 46429B697 4993 119400 SH SOLE 119400 0 0 iShares Russell 1000 Growth ET ETF 464287614 470 4724 SH SOLE 4724 0 0 iShares Russell 1000 Value ETF ETF 464287598 319 3263 SH SOLE 3263 0 0 iShares Russell 2000 Growth ET ETF 464287648 323 2321 SH SOLE 2321 0 0 iShares Russell 2000 Value ETF ETF 464287630 298 3236 SH SOLE 3236 0 0 iShares Russell Mid-Cap ETF ETF 464287499 11859 74033 SH SOLE 74033 0 0 iShares Russell Mid-Cap Growth ETF 464287481 342 3717 SH SOLE 3717 0 0 iShares S&P 100 ETF ETF 464287101 373 4090 SH SOLE 4090 0 0 iShares TIPS Bond ETF ETF 464287176 22052 201055 SH SOLE 201055 0 0 Market Vectors Agribusiness ET ETF 57060U605 3376 72625 SH SOLE 72625 0 0 Oppenheimer Small Cap Revenue ETF 68386C302 1735 33559 SH SOLE 33559 0 0 PowerShares Buyback Achievers ETF 73935X286 48808 1073650 SH SOLE 1073650 0 0 PowerShares FTSE RAFI Develope ETF 73936T789 3046 84146 SH SOLE 84146 0 0 PowerShares FTSE RAFI US 1000 ETF 73935X583 6431 74060 SH SOLE 74060 0 0 PowerShares FTSE RAFI US 1500 ETF 73935X567 2691 28658 SH SOLE 28658 0 0 PowerShares Fundamental High Y ETF 73936T557 253 14507 SH SOLE 14507 0 0 RevenueShares Large Cap ETF ETF 68386C104 3732 94613 SH SOLE 94613 0 0 RevenueShares Mid Cap ETF ETF 68386C203 3531 77967 SH SOLE 77967 0 0 Schwab U.S. Large-Cap ETF ETF 808524201 282 5814 SH SOLE 5814 0 0 Schwab US Dividend Equity ETF ETF 808524797 18460 478743 SH SOLE 478743 0 0 SPDR Barclays Short Term High ETF 78468R408 10006 389476 SH SOLE 389476 0 0 SPDR Gold Shares ETF 78463V107 38985 384245 SH SOLE 384245 0 0 SPDR S&P 500 ETF Trust ETF 78462F103 107565 527617 SH SOLE 523617 0 4000 SPDR S&P Dividend ETF ETF 78464A763 17270 234742 SH SOLE 231242 0 3500 SPDR S&P Emerging Asia Pacific ETF 78463X301 8381 113869 SH SOLE 113869 0 0 SPDR S&P Homebuilders ETF ETF 78464A888 2761 80790 SH SOLE 80790 0 0 SPDR S&P MidCap 400 ETF Trust ETF 78467Y107 5438 21405 SH SOLE 21405 0 0 Vanguard Dividend Appreciation ETF 921908844 1658 21326 SH SOLE 21326 0 0 Vanguard Financials ETF ETF 92204A405 4361 90014 SH SOLE 90014 0 0 Vanguard FTSE All-World ex-US ETF 922042775 34109 785738 SH SOLE 783763 0 1975 Vanguard FTSE All World ex-US ETF 922042718 452 4868 SH SOLE 4868 0 0 Vanguard FTSE Emerging Markets ETF 922042858 905 27677 SH SOLE 27677 0 0 Vanguard FTSE Europe ETF ETF 922042874 311 6240 SH SOLE 6240 0 0 Vanguard Growth ETF ETF 922908736 87315 820703 SH SOLE 820703 0 0 Vanguard Health Care ETF ETF 92204A504 4778 35956 SH SOLE 35956 0 0 Vanguard Information Technolog ETF 92204A702 59630 550651 SH SOLE 550651 0 0 Vanguard Int-Term Corp Bond Fu ETF 92206C870 10499 124854 SH SOLE 124854 0 0 Vanguard Large-Cap ETF ETF 922908637 29131 311559 SH SOLE 311559 0 0 Vanguard S&P 500 ETF ETF 922908363 733 3921 SH SOLE 3921 0 0 Vanguard Short-Term Bond ETF ETF 921937827 16415 206295 SH SOLE 206295 0 0 Vanguard Short-Term Corporate ETF 92206C409 16600 210150 SH SOLE 210150 0 0 Vanguard Total Bond Market ETF ETF 921937835 71624 886880 SH SOLE 886880 0 0 Vanguard Total Stock Market ET ETF 922908769 1982 19000 SH SOLE 19000 0 0 Vanguard Value ETF ETF 922908744 30427 373245 SH SOLE 373245 0 0 WisdomTree Emerging Markets Sm ETF 97717W281 643 18329 SH SOLE 18329 0 0 WisdomTree Europe Hedged Equit ETF 97717X701 51958 965574 SH SOLE 965574 0 0 WisdomTree Japan Hedged Equity ETF 97717W851 21804 435380 SH SOLE 435380 0 0 WisdomTree MidCap Dividend Fun ETF 97717W505 362 4497 SH SOLE 4497 0 0