Madison Asset Management 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
Expires:	Oct 31, 2018
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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
3M Co	COM	88579Y101	32,416	185,455	SH		SOLE		185,315	0	140
Abbott Laboratories	COM	002824100	288	2,629	SH		SOLE		2,629	0	0
AbbVie Inc	COM	00287Y109	1,029	9,605	SH		SOLE		9,605	0	0
Accenture PLC	COM	G1151C101	71,009	271,846	SH		SOLE		264,894	0	6,952
Adobe Inc	COM	00724F101	45,517	91,013	SH		SOLE		88,577	0	2,436
Alcoa Corp	COM	013872106	7,242	314,200	SH		SOLE		314,200	0	0
Alcon Inc	ORD SHS	H01301128	56,054	849,568	SH		SOLE		825,535	0	24,033
Alexion Pharmaceuticals Inc	COM	015351109	463	2,965	SH		SOLE		2,965	0	0
Alibaba Group Holding Ltd - Sp	SPONSORED ADS	01609W102	6,206	26,667	SH		SOLE		26,412	0	255
Alliant Energy Corp	COM	018802108	387	7,513	SH		SOLE		7,513	0	0
Allstate Corp	COM	020002101	308	2,800	SH		SOLE		2,800	0	0
Alphabet Inc - Class C	COM	02079K107	96,494	55,080	SH		SOLE		53,675	0	1,405
Alphabet Inc - Class A	CAP STK CL C	02079K305	678	387	SH		SOLE		387	0	0
Altria Group Inc	CAP STK CL A	02209S103	461	11,244	SH		SOLE		11,244	0	0
Amazon.com Inc	COM	023135106	7,817	2,400	SH		SOLE		2,400	0	0
American Express Co	COM	025816109	585	4,839	SH		SOLE		4,839	0	0
American Tower Corp	COM	03027X100	45,228	201,496	SH		SOLE		196,198	0	5,298
AmerisourceBergen Corp	COM	03073E105	13,546	138,560	SH		SOLE		138,560	0	0
Amgen Inc	COM	031162100	22,338	97,154	SH		SOLE		97,079	0	75
Amphenol Corp	CL A	032095101	52,883	404,395	SH		SOLE		390,832	0	13,563
Analog Devices Inc	COM	032654105	114,606	775,782	SH		SOLE		760,546	0	15,236
Apache Corp	COM	037411105	2,099	147,900	SH		SOLE		147,900	0	0
Apple Inc	COM	037833100	22,119	166,696	SH		SOLE		165,404	0	1,292
Arch Capital Group Ltd	COM	G0450A105	131,598	3,648,407	SH		SOLE		3,538,165	0	110,242
Archer-Daniels-Midland Co	COM	039483102	6,906	137,000	SH		SOLE		137,000	0	0
Arista Networks Inc	COM	040413106	59,645	205,268	SH		SOLE		198,336	0	6,932
Armstrong World Industries Inc	COM	04247X102	34,275	460,748	SH		SOLE		446,467	0	14,281
Artisan Partners Asset Managem	CL A	04316A108	357	7,085	SH		SOLE		7,085	0	0
ASML Holding NV - NY Reg Shrs	N Y REGISTRY SHS	N07059210	5,811	11,914	SH		SOLE		11,797	0	117
AstraZeneca PLC - Spons ADR	SPONSORED ADR	046353108	3,882	77,664	SH		SOLE		76,635	0	1,029
AT&T Inc	COM	00206R102	713	24,802	SH		SOLE		24,802	0	0
Automatic Data Processing Inc	COM	053015103	19,270	109,362	SH		SOLE		108,960	0	402
Avanos Medical Inc	COM	05350V106	5,602	122,098	SH		SOLE		122,098	0	0
Axis Capital Holdings Ltd	SHS	G0692U109	5,098	101,175	SH		SOLE		101,175	0	0
Baker Hughes Co	CL A	05722G100	4,950	237,400	SH		SOLE		237,400	0	0
Bank of America Corp	COM	060505104	6,166	203,440	SH		SOLE		203,440	0	0
Barrick Gold Corp	COM	067901108	11,754	516,000	SH		SOLE		516,000	0	0
Baxter International Inc	COM	071813109	5,135	64,000	SH		SOLE		64,000	0	0
Beacon Roofing Supply Inc	COM	073685109	4,392	109,288	SH		SOLE		109,288	0	0
Becton Dickinson and Co	COM	075887109	92,978	371,584	SH		SOLE		361,082	0	10,502
Bed Bath & Beyond Inc	COM	075896100	3,339	188,010	SH		SOLE		188,010	0	0
Berkshire Hathaway Inc	CL B	084670702	90,040	388,323	SH		SOLE		378,538	0	9,785
BlackRock Inc	COM	09247X101	57,062	79,083	SH		SOLE		78,836	0	247
Boston Beer Co Inc/The	CL A	100557107	3,609	3,630	SH		SOLE		3,630	0	0
Box Inc	CL A	10316T104	5,132	284,341	SH		SOLE		284,341	0	0
Bristol-Myers Squibb Co	COM	110122108	45,820	738,671	SH		SOLE		736,106	0	2,565
Brookfield Asset Management In	CL A LTD VT SH	112585104	105,763	2,562,699	SH		SOLE		2,482,278	0	80,421
Brown-Forman Corp	CL B	115637209	23,403	294,640	SH		SOLE		284,820	0	9,820
Brown & Brown Inc	COM	115236101	66,874	1,410,543	SH		SOLE		1,363,399	0	47,144
Brunswick Corp/DE	COM	117043109	5,624	73,771	SH		SOLE		73,771	0	0
Cameco Corp	COM	13321L108	3,318	247,632	SH		SOLE		245,243	0	2,389
Canadian Natural Resources Ltd	COM	136385101	4,538	188,700	SH		SOLE		188,700	0	0
Canadian Pacific Railway Ltd	COM	13645T100	5,027	14,500	SH		SOLE		14,346	0	154
Cardiovascular Systems Inc	COM	141619106	3,322	75,911	SH		SOLE		75,911	0	0
Carlisle Cos Inc	COM	142339100	70,500	451,403	SH		SOLE		437,198	0	14,205
CarMax Inc	COM	143130102	58,152	615,624	SH		SOLE		595,086	0	20,538
Castle Biosciences Inc	COM	14843C105	1,343	20,000	SH		SOLE		20,000	0	0
Catalent Inc	COM	148806102	4,484	43,082	SH		SOLE		43,082	0	0
Caterpillar Inc	COM	149123101	40,647	223,313	SH		SOLE		223,123	0	190
CBRE Group Inc	CL A	12504L109	336	5,362	SH		SOLE		5,362	0	0
CDW Corp/DE	COM	12514G108	50,710	384,778	SH		SOLE		371,927	0	12,851
Ciena Corp	COM	171779309	3,404	64,413	SH		SOLE		64,413	0	0
Cisco Systems Inc	COM	17275R102	44,846	1,002,143	SH		SOLE		999,940	0	2,203
Clarivate PLC	ORD SHS	G21810109	27,859	937,698	SH		SOLE		905,950	0	31,748
CME Group Inc	COM	12572Q105	22,787	125,167	SH		SOLE		125,061	0	106
Coca-Cola Co	COM	191216100	19,573	356,916	SH		SOLE		356,586	0	330
Cogent Communications Holdings	COM	19239V302	2,828	47,238	SH		SOLE		47,238	0	0
Cognizant Technology Solutions	CL A	192446102	73,496	896,842	SH		SOLE		870,611	0	26,231
Colgate-Palmolive Co	COM	194162103	15,056	176,071	SH		SOLE		175,921	0	150
Comcast Corp	CL A	20030N101	58,033	1,107,498	SH		SOLE		1,105,030	0	2,468
CommVault Systems Inc	COM	204166102	10,880	196,493	SH		SOLE		196,493	0	0
Copart Inc	COM	217204106	123,438	970,045	SH		SOLE		939,746	0	30,299
Costco Wholesale Corp	COM	22160K105	10,037	26,638	SH		SOLE		26,160	0	478
Covetrus Inc	COM	22304C100	8,078	281,083	SH		SOLE		281,083	0	0
Crane Co	COM	224399105	5,614	72,287	SH		SOLE		72,287	0	0
Credit Suisse Group AG - Spons	SPONSORED ADR	225401108	4,298	335,810	SH		SOLE		331,110	0	4,700
CVS Health Corp	COM	126650100	8,222	120,380	SH		SOLE		120,380	0	0
CyberArk Software Ltd	SHS	M2682V108	3,782	23,405	SH		SOLE		23,174	0	231
Danaher Corp	COM	235851102	56,078	252,446	SH		SOLE		245,981	0	6,465
Diageo PLC - Spons ADR	SPON ADR	25243Q205	5,338	33,614	SH		SOLE		33,129	0	485
Discovery Inc	COM SER A	25470F302	6,838	261,100	SH		SOLE		261,100	0	0
Dollar General Corp	COM	256677105	214	1,018	SH		SOLE		1,018	0	0
Dollar Tree Inc	COM	256746108	151,936	1,406,293	SH		SOLE		1,361,535	0	44,758
Dominion Energy Inc	COM	25746U109	26,490	352,264	SH		SOLE		351,999	0	265
Dow Inc	COM	260557103	846	15,242	SH		SOLE		15,242	0	0
Duke Energy Corp	COM	26441C204	802	8,754	SH		SOLE		8,754	0	0
Ecolab Inc	COM	278865100	4,973	22,985	SH		SOLE		22,615	0	370
Edgewell Personal Care Co	COM	28035Q102	6,740	194,914	SH		SOLE		194,914	0	0
Eli Lilly & Co	COM	532457108	9,542	56,515	SH		SOLE		55,769	0	746
Emerson Electric Co	COM	291011104	37,118	461,836	SH		SOLE		461,386	0	450
Encompass Health Corp	COM	29261A100	6,073	73,448	SH		SOLE		73,448	0	0
EnerSys	COM	29275Y102	5,495	66,153	SH		SOLE		66,153	0	0
Entegris Inc	COM	29362U104	7,149	74,390	SH		SOLE		74,390	0	0
Entergy Corp	COM	29364G103	4,433	44,400	SH		SOLE		44,400	0	0
EOG Resources Inc	COM	26875P101	3,092	62,000	SH		SOLE		62,000	0	0
Estee Lauder Cos Inc/The	CL A	518439104	3,459	12,994	SH		SOLE		12,779	0	215
Expeditors International of Wa	COM	302130109	34,406	361,753	SH		SOLE		349,792	0	11,961
Facebook Inc	CL A	30303M102	45,542	166,721	SH		SOLE		162,024	0	4,697
Fastenal Co	COM	311900104	58,997	1,208,214	SH		SOLE		1,186,340	0	21,874
Ferro Corp	COM	315405100	5,128	350,544	SH		SOLE		350,544	0	0
Fiserv Inc	COM	337738108	7,254	63,710	SH		SOLE		63,710	0	0
Flexion Therapeutics Inc	COM	33938J106	3,720	322,345	SH		SOLE		322,345	0	0
FLIR Systems Inc	COM	302445101	3,295	75,184	SH		SOLE		75,184	0	0
Floor & Decor Holdings Inc	CL A	339750101	344	3,704	SH		SOLE		3,704	0	0
Franco-Nevada Corp	COM	351858105	7,394	59,000	SH		SOLE		59,000	0	0
Gartner Inc	COM	366651107	78,714	491,382	SH		SOLE		475,095	0	16,287
General Dynamics Corp	COM	369550108	6,023	40,473	SH		SOLE		40,473	0	0
General Motors Co	COM	37045V100	8,815	211,700	SH		SOLE		211,700	0	0
Genmab A/S - Spons ADR	SPONSORED ADS	372303206	2,838	69,803	SH		SOLE		68,876	0	927
Gilead Sciences Inc	COM	375558103	5,659	97,135	SH		SOLE		97,135	0	0
Glacier Bancorp Inc	COM	37637Q105	31,848	692,190	SH		SOLE		669,098	0	23,092
Glaukos Corp	COM	377322102	5,046	67,054	SH		SOLE		67,054	0	0
Globus Medical Inc	CL A	379577208	7,366	112,937	SH		SOLE		112,937	0	0
Grifols SA - Spons ADR	SP ADR REP B NVT	398438408	2,639	143,088	SH		SOLE		141,162	0	1,926
Hain Celestial Group Inc/The	COM	405217100	11,404	284,030	SH		SOLE		284,030	0	0
HDFC Bank Ltd - Spons ADR	SPONSORED ADS	40415F101	6,921	95,786	SH		SOLE		94,822	0	964
Healthcare Services Group Inc	COM	421906108	3,216	114,451	SH		SOLE		114,451	0	0
Hershey Co/The	COM	427866108	13,233	86,873	SH		SOLE		86,803	0	70
Hibbett Sports Inc	COM	428567101	3,089	66,901	SH		SOLE		66,901	0	0
Home Depot Inc	COM	437076102	53,936	203,056	SH		SOLE		202,604	0	452
Honeywell International Inc	COM	438516106	14,027	65,947	SH		SOLE		65,891	0	56
Huntsman Corp	COM	447011107	2,881	114,591	SH		SOLE		114,591	0	0
IHS Markit Ltd	SHS	G47567105	83,207	926,271	SH		SOLE		894,980	0	31,291
Insperity Inc	COM	45778Q107	3,823	46,954	SH		SOLE		46,954	0	0
International Business Machine	COM	459200101	524	4,160	SH		SOLE		4,160	0	0
Iron Mountain Inc	COM	46284V101	887	30,083	SH		SOLE		30,083	0	0
Jacobs Engineering Group Inc	COM	469814107	74,133	680,370	SH		SOLE		661,613	0	18,757
JM Smucker Co	COM	832696405	5,826	50,400	SH		SOLE		50,400	0	0
Johnson & Johnson	COM	478160104	46,081	292,798	SH		SOLE		292,555	0	243
JPMorgan Chase & Co	COM	46625H100	43,942	345,813	SH		SOLE		345,183	0	630
Kemper Corp	COM	488401100	32,932	428,641	SH		SOLE		414,179	0	14,462
Kennametal Inc	COM	489170100	4,151	114,551	SH		SOLE		114,551	0	0
Knight-Swift Transportation Ho	CL A	499049104	3,629	86,775	SH		SOLE		86,775	0	0
Laboratory Corp of America Hol	COM	50540R409	62,925	309,139	SH		SOLE		298,817	0	10,322
Liberty Broadband Corp	COM SER C	530307305	204,076	1,288,601	SH		SOLE		1,247,339	0	41,262
Linde PLC	COM	G5494J103	90,071	341,812	SH		SOLE		336,158	0	5,654
LiveRamp Holdings Inc	COM	53815P108	5,811	79,399	SH		SOLE		79,399	0	0
Lowe's Cos Inc	COM	548661107	116,263	724,337	SH		SOLE		707,446	0	16,891
Lumen Technologies Inc	COM	550241103	3,929	403,000	SH		SOLE		403,000	0	0
Magnite Inc	COM	55955D100	7,096	231,053	SH		SOLE		231,053	0	0
Manulife Financial Corp	COM	56501R106	6,961	390,634	SH		SOLE		386,688	0	3,946
Markel Corp	COM	570535104	62,791	60,767	SH		SOLE		58,705	0	2,062
Marsh & McLennan Cos Inc	COM	571748102	60,982	521,213	SH		SOLE		506,027	0	15,186
Masco Corp	COM	574599106	3,783	68,873	SH		SOLE		68,873	0	0
McDonald's Corp	COM	580135101	35,545	165,651	SH		SOLE		165,433	0	218
Medical Properties Trust Inc	COM	58463J304	797	36,557	SH		SOLE		36,557	0	0
Medtronic PLC	SHS	G5960L103	19,102	163,067	SH		SOLE		162,917	0	150
Merck & Co Inc	COM	58933Y105	28,608	349,732	SH		SOLE		349,457	0	275
MGIC Investment Corp	COM	552848103	8,776	699,303	SH		SOLE		699,303	0	0
MGM Growth Properties LLC	CL A	55303A105	562	17,955	SH		SOLE		17,955	0	0
Microsoft Corp	COM	594918104	26,553	119,380	SH		SOLE		118,217	0	1,163
Moelis & Co	CL A	60786M105	42,770	914,666	SH		SOLE		884,042	0	30,624
Mondelez International Inc	CL A	609207105	470	8,035	SH		SOLE		8,035	0	0
Natera Inc	COM	632307104	6,991	70,252	SH		SOLE		70,252	0	0
National Instruments Corp	COM	636518102	4,743	107,951	SH		SOLE		107,951	0	0
Nestle SA - Spons ADR	SPONSORED ADR	641069406	31,175	264,644	SH		SOLE		263,400	0	1,244
NewMarket Corp	COM	651587107	29,354	73,701	SH		SOLE		71,237	0	2,464
Newmont Corp	COM	651639106	5,690	95,000	SH		SOLE		95,000	0	0
NextEra Energy Inc	COM	65339F101	39,234	508,548	SH		SOLE		505,691	0	2,857
Nordstrom Inc	COM	655664100	1,476	47,300	SH		SOLE		47,300	0	0
Northern Trust Corp	COM	665859104	35,565	381,848	SH		SOLE		381,523	0	325
Novartis AG - Spons ADR	SPONSORED ADR	66987V109	83,316	882,303	SH		SOLE		861,258	0	21,045
NXP Semiconductors NV	COM	N6596X109	6,400	40,249	SH		SOLE		39,851	0	398
O'Reilly Automotive Inc	COM	67103H107	330	730	SH		SOLE		730	0	0
Olin Corp	COM	680665205	3,795	154,516	SH		SOLE		154,516	0	0
Oracle Corp	COM	68389X105	242	3,746	SH		SOLE		3,746	0	0
Owens & Minor Inc	COM	690732102	5,071	187,480	SH		SOLE		187,480	0	0
PACCAR Inc	COM	693718108	54,038	626,313	SH		SOLE		608,315	0	17,998
Pagseguro Digital Ltd	COM CL A	G68707101	5,657	99,463	SH		SOLE		98,472	0	991
Paychex Inc	COM	704326107	23,665	253,973	SH		SOLE		253,758	0	215
PayPal Holdings Inc	COM	70450Y103	7,395	31,575	SH		SOLE		31,575	0	0
PepsiCo Inc	COM	713448108	42,365	285,671	SH		SOLE		285,308	0	363
PetIQ Inc	CL A	71639T106	4,445	115,604	SH		SOLE		115,604	0	0
Pfizer Inc	COM	717081103	18,251	495,806	SH		SOLE		495,401	0	405
Philip Morris International In	COM	718172109	555	6,704	SH		SOLE		6,704	0	0
Physicians Realty Trust	COM	71943U104	702	39,435	SH		SOLE		39,435	0	0
PPG Industries Inc	COM	693506107	62,378	432,520	SH		SOLE		420,164	0	12,356
PRA Group Inc	COM	69354N106	4,883	123,113	SH		SOLE		123,113	0	0
PRA Health Sciences Inc	COM	69354M108	4,657	37,126	SH		SOLE		37,126	0	0
Primo Water Corp	COM	74167P108	3,596	229,356	SH		SOLE		229,356	0	0
Procter & Gamble Co	COM	742718109	31,633	227,344	SH		SOLE		226,676	0	668
Progressive Corp	COM	743315103	166,315	1,681,984	SH		SOLE		1,630,929	0	51,055
Prudential PLC - Spons ADR	ADR	74435K204	4,476	121,199	SH		SOLE		119,460	0	1,739
PTC Inc	COM	69370C100	6,932	57,954	SH		SOLE		57,954	0	0
QUALCOMM Inc	COM	747525103	8,449	55,459	SH		SOLE		54,911	0	548
Range Resources Corp	COM	75281A109	8,839	1,319,200	SH		SOLE		1,319,200	0	0
Regions Financial Corp	COM	7591EP100	4,604	285,600	SH		SOLE		285,600	0	0
Revolve Group Inc	CL A	76156B107	3,806	122,105	SH		SOLE		122,105	0	0
Rexnord Corp	COM	76169B102	4,974	125,952	SH		SOLE		125,952	0	0
RLI Corp	COM	749607107	802	7,698	SH		SOLE		7,698	0	0
Robert Half International Inc	COM	770323103	3,974	63,608	SH		SOLE		63,608	0	0
Ross Stores Inc	COM	778296103	59,288	482,762	SH		SOLE		466,557	0	16,205
Royal Dutch Shell PLC - Spons	SPON ADR B	780259107	2,525	75,128	SH		SOLE		73,962	0	1,166
Royal Gold Inc	COM	780287108	2,234	21,000	SH		SOLE		21,000	0	0
S&P Global Inc	COM	78409V104	501	1,525	SH		SOLE		1,525	0	0
SAP SE - Spons ADR	SPON ADR	803054204	2,921	22,403	SH		SOLE		22,181	0	222
Scotts Miracle-Gro Co/The	CL A	810186106	6,303	31,653	SH		SOLE		31,653	0	0
Shake Shack Inc	CL A	819047101	2,864	33,780	SH		SOLE		33,780	0	0
Simply Good Foods Co/The	COM	82900L102	6,234	198,802	SH		SOLE		198,802	0	0
Sony Corp - Spons ADR	SPONSORED ADR	835699307	4,280	42,336	SH		SOLE		41,828	0	508
Southern Copper Corp	COM	84265V105	4,058	62,317	SH		SOLE		61,477	0	840
STAG Industrial Inc	COM	85254J102	746	23,824	SH		SOLE		23,824	0	0
Starbucks Corp	COM	855244109	22,432	209,687	SH		SOLE		209,491	0	196
Steel Dynamics Inc	COM	858119100	6,876	186,500	SH		SOLE		186,500	0	0
Stericycle Inc	COM	858912108	4,201	60,595	SH		SOLE		60,595	0	0
Taiwan Semiconductor Mfg Co Lt	SPONSORED ADS	874039100	7,023	64,406	SH		SOLE		63,733	0	673
TAL Education Group - Spons AD	SPONSORED ADS	874080104	3,559	49,763	SH		SOLE		49,264	0	499
Target Corp	COM	87612E106	12,834	72,702	SH		SOLE		71,562	0	1,140
TE Connectivity Ltd	REG SHS	H84989104	86,435	713,927	SH		SOLE		700,066	0	13,861
Telefonaktiebolaget LM Ericsso	ADR B SEK 10	294821608	4,666	390,479	SH		SOLE		385,377	0	5,102
Texas Instruments Inc	COM	882508104	37,368	227,672	SH		SOLE		227,482	0	190
Thermo Fisher Scientific Inc	COM	883556102	457	981	SH		SOLE		981	0	0
TJX Cos Inc	COM	872540109	61,645	902,692	SH		SOLE		879,178	0	23,514
Toyota Motor Corp - Spons ADR	SP ADR REP2COM	892331307	2,869	18,563	SH		SOLE		18,341	0	222
Transocean Ltd	REG SHS	H8817H100	1,478	640,000	SH		SOLE		640,000	0	0
Travelers Cos Inc	COM	89417E109	39,443	280,996	SH		SOLE		280,788	0	208
U.S. Bancorp	COM	902973304	95,495	2,049,694	SH		SOLE		2,003,367	0	46,327
Unilever PLC - Spons ADR	SPON ADR	904767704	904	14,982	SH		SOLE		14,982	0	0
Union Pacific Corp	COM	907818108	28,552	137,124	SH		SOLE		136,543	0	581
United Parcel Service Inc	CL B	911312106	11,237	66,729	SH		SOLE		65,838	0	891
UnitedHealth Group Inc	COM	91324P102	9,031	25,754	SH		SOLE		25,319	0	435
Varian Medical Systems Inc	COM	92220P105	1,288	7,362	SH		SOLE		7,338	0	24
Varonis Systems Inc	COM	922280102	2,942	17,979	SH		SOLE		17,979	0	0
Verisk Analytics Inc	COM	92345Y106	511	2,460	SH		SOLE		2,460	0	0
Veritex Holdings Inc	COM	923451108	3,070	119,642	SH		SOLE		119,642	0	0
Verizon Communications Inc	COM	92343V104	51,547	877,392	SH		SOLE		875,854	0	1,538
Vertex Pharmaceuticals Inc	COM	92532F100	804	3,400	SH		SOLE		3,400	0	0
Visa Inc	CL A	92826C839	85,942	392,915	SH		SOLE		382,880	0	10,035
Vontier Corp	COM	928881101	57,188	1,712,215	SH		SOLE		1,654,379	0	57,836
Vulcan Materials Co	COM	929160109	3,909	26,357	SH		SOLE		26,357	0	0
Walmart Inc	COM	931142103	270	1,875	SH		SOLE		1,875	0	0
Walt Disney Co	COM	254687106	8,513	46,987	SH		SOLE		46,162	0	825
Waste Management Inc	COM	94106L109	531	4,500	SH		SOLE		4,500	0	0
Western Alliance Bancorp	COM	957638109	5,846	97,519	SH		SOLE		97,519	0	0
WillScot Mobile Mini Holdings	COM CL A	971378104	6,429	277,491	SH		SOLE		277,491	0	0
WR Berkley Corp	COM	084423102	41,589	626,159	SH		SOLE		605,149	0	21,010
Distillate US Fundamental Stab	DISTILLATE US	26922A321	21,489	591,647	SH		SOLE		591,647	0	0
Invesco BuyBack Achievers ETF	BUYBACK ACHIEV	46137V308	2,047	27,909	SH		SOLE		27,909	0	0
Invesco FTSE RAFI US 1000 ETF	FTSE RAFI 1000	46137V613	670	5,032	SH		SOLE		5,032	0	0
Invesco Optimum Yield Diversif	OPTIMUM YIELD	46090F100	37,714	2,471,396	SH		SOLE		2,471,396	0	0
Invesco QQQ Trust Series 1	UNIT SER 1	46090E103	238	757	SH		SOLE		757	0	0
Invesco S&P 500 Quality ETF	S&P500 QUALITY	46137V241	18,925	449,425	SH		SOLE		449,425	0	0
Invesco Treasury Collateral ET	TREAS COLATERL	46138G888	14,363	135,927	SH		SOLE		135,927	0	0
iShares 1-3 Year Treasury Bond	1 3 YR TREAS BD	464287457	321	3,715	SH		SOLE		3,715	0	0
iShares 20 Year Treasury Bond	20 YR TR BD ETF	464287432	83,994	532,516	SH		SOLE		532,516	0	0
iShares 7-10 Year Treasury Bon	BARCLAYS 7 10 YR	464287440	1,632	13,607	SH		SOLE		13,607	0	0
iShares Core MSCI EAFE ETF	CORE MSCI EAFE	46432F842	457	6,621	SH		SOLE		6,621	0	0
iShares Core MSCI Emerging Mar	CORE MSCI EMKT	46434G103	2,367	38,155	SH		SOLE		38,155	0	0
iShares Core S&P 500 ETF	CORE S&P500 ETF	464287200	10,092	26,885	SH		SOLE		26,885	0	0
iShares Core S&P Mid-Cap ETF	CORE S&P MCP ETF	464287507	54,741	238,179	SH		SOLE		238,146	0	33
iShares Core S&P Small-Cap ETF	CORE S&P SCP ETF	464287804	44,309	482,144	SH		SOLE		481,584	0	560
iShares Core U.S. Aggregate Bo	CORE US AGGBD ET	464287226	1,133	9,583	SH		SOLE		9,583	0	0
iShares Edge MSCI Min Vol EAFE	MIN VOL EAFE ETF	46429B689	16,466	224,296	SH		SOLE		224,296	0	0
iShares Edge MSCI Min Vol Emer	MIN VOL EMRG MKT	464286533	14,356	235,029	SH		SOLE		235,029	0	0
iShares Edge MSCI USA Quality	USA QUALITY FCTR	46432F339	5,633	48,475	SH		SOLE		48,475	0	0
iShares Global Energy ETF	GLOBAL ENERG ETF	464287341	3,305	162,738	SH		SOLE		162,738	0	0
iShares iBoxx High Yield Corpo	IBOXX HI YD ETF	464288513	515	5,900	SH		SOLE		5,900	0	0
iShares MBS ETF	MBS ETF	464288588	120,795	1,096,843	SH		SOLE		1,096,843	0	0
iShares MSCI ACWI ex US ETF	MSCI ACWI EX US	464288240	2,687	50,668	SH		SOLE		50,668	0	0
iShares MSCI China ETF	MSCI CHINA ETF	46429B671	30,533	377,089	SH		SOLE		377,089	0	0
iShares MSCI EAFE ETF	MSCI EAFE ETF	464287465	238	3,267	SH		SOLE		3,267	0	0
iShares MSCI EAFE Small-Cap ET	EAFE SML CP ETF	464288273	225	3,298	SH		SOLE		3,298	0	0
iShares MSCI Emerging Markets	MSCI EM ASIA ETF	464286426	6,176	70,599	SH		SOLE		70,599	0	0
iShares MSCI Germany ETF	MSCI GERMANY ETF	464286806	1,605	50,507	SH		SOLE		50,507	0	0
iShares MSCI Japan Small-Cap E	MSCI JAPN SMCETF	464286582	3,484	44,092	SH		SOLE		44,092	0	0
iShares MSCI Switzerland ETF	MSCI SWITZERLAND	464286749	3,173	71,006	SH		SOLE		71,006	0	0
iShares Nasdaq Biotechnology E	NASDAQ BIOTECH	464287556	17,587	116,093	SH		SOLE		116,093	0	0
iShares Russell 1000 Growth ET	RUS 1000 GRW ETF	464287614	1,121	4,647	SH		SOLE		4,647	0	0
iShares Russell 1000 Value ETF	RUS 1000 VAL ETF	464287598	410	2,997	SH		SOLE		2,997	0	0
iShares Russell 2000 ETF	RUSSELL 2000 ETF	464287655	427	2,178	SH		SOLE		2,018	0	160
iShares Russell 2000 Growth ET	RUS 2000 GRW ETF	464287648	324	1,129	SH		SOLE		1,129	0	0
iShares Russell Mid-Cap Growth	RUS MD CP GR ETF	464287481	321	3,128	SH		SOLE		3,128	0	0
iShares Short Treasury Bond ET	SHORT TREAS BD	464288679	8,968	81,135	SH		SOLE		81,135	0	0
iShares U.S. Home Construction	US HOME CONS ETF	464288752	5,010	89,791	SH		SOLE		89,791	0	0
JPMorgan BetaBuilders Japan ET	BETBULD JAPAN	46641Q712	43,785	1,563,749	SH		SOLE		1,563,749	0	0
Schwab Fundamental U.S. Large	SCHWAB FDT US LG	808524771	9,633	212,690	SH		SOLE		212,690	0	0
Schwab US Dividend Equity ETF	US DIVIDEND EQ	808524797	18,548	289,175	SH		SOLE		289,175	0	0
Schwab US TIPS ETF	US TIPS ETF	808524870	51,006	821,620	SH		SOLE		821,620	0	0
SPDR Gold Shares	GOLD SHS	78463V107	8,047	45,119	SH		SOLE		45,119	0	0
SPDR S&P 500 ETF Trust	TR UNIT	78462F103	89,996	240,708	SH		SOLE		240,674	0	34
SPDR S&P China ETF	S&P CHINA ETF	78463X400	6,527	50,127	SH		SOLE		50,127	0	0
SPDR S&P Dividend ETF	S&P DIVID ETF	78464A763	3,724	35,154	SH		SOLE		35,154	0	0
SPDR S&P Emerging Asia Pacific	ASIA PACIF ETF	78463X301	42,749	335,784	SH		SOLE		335,279	0	505
SPDR S&P MidCap 400 ETF Trust	UTSER1 S&PCRP	78467Y107	4,207	10,019	SH		SOLE		9,912	0	107
VanEck Vectors Gold Miners ETF	GOLD MINERS ETF	92189F106	49,629	1,377,819	SH		SOLE		1,377,819	0	0
Vanguard Dividend Appreciation	DIV APP ETF	921908844	17,815	126,199	SH		SOLE		126,199	0	0
Vanguard FTSE All-World ex-US	ALLWRLD EX US	922042775	86,272	1,478,267	SH		SOLE		1,478,267	0	0
Vanguard FTSE All World ex-US	FTSE SMCAP ETF	922042718	31,380	257,548	SH		SOLE		257,548	0	0
Vanguard Growth ETF	GROWTH ETF	922908736	26,209	103,453	SH		SOLE		103,453	0	0
Vanguard Health Care ETF	HEALTH CAR ETF	92204A504	11,512	51,453	SH		SOLE		51,453	0	0
Vanguard Industrials ETF	INDUSTRIAL ETF	92204A603	4,924	28,968	SH		SOLE		28,968	0	0
Vanguard Information Technolog	INF TECH ETF	92204A702	48,656	137,529	SH		SOLE		137,529	0	0
Vanguard Intermediate-Term Cor	INT-TERM CORP	92206C870	7,821	80,513	SH		SOLE		80,513	0	0
Vanguard Large-Cap ETF	LARGE CAP ETF	922908637	37,545	213,638	SH		SOLE		213,638	0	0
Vanguard S&P Mid-Cap 400 Growt	MIDCP 400 GRTH	921932869	15,940	89,146	SH		SOLE		89,146	0	0
Vanguard Short-Term Corporate	SHRT TRM CORP BD	92206C409	128,494	1,543,476	SH		SOLE		1,543,476	0	0
Vanguard Total Bond Market ETF	TOTAL BND MRKT	921937835	55,462	628,891	SH		SOLE		628,891	0	0