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	27,828	156,665	SH		SOLE		156,477	0	188
AbbVie Inc	COM	00287Y109	499	3,683	SH		SOLE		3,683	0	0
Accenture PLC	COM	G1151C101	86,920	209,673	SH		SOLE		204,249	0	5,424
Adobe Inc	COM	00724F101	46,750	82,442	SH		SOLE		80,497	0	1,945
AES Corp/VA	COM	00130H105	7,776	320,000	SH		SOLE		320,000	0	0
Aflac Inc	COM	001055102	26,647	456,357	SH		SOLE		455,787	0	570
Alcon Inc	ORD SHS	H01301128	66,323	761,281	SH		SOLE		739,108	0	22,173
Alibaba Group Holding Ltd - Sp	SPONSORED ADS	01609W102	5,213	43,888	SH		SOLE		43,487	0	401
Alliant Energy Corp	COM	018802108	427	6,953	SH		SOLE		6,953	0	0
Allstate Corp	COM	020002101	318	2,700	SH		SOLE		2,700	0	0
Alphabet Inc - Class C	CAP STK CL C	02079K107	137,402	47,485	SH		SOLE		46,310	0	1,175
Alphabet Inc - Class A	CAP STK CL A	02079K305	1,098	379	SH		SOLE		379	0	0
Altria Group Inc	COM	02209S103	845	17,839	SH		SOLE		17,839	0	0
Amazon.com Inc	COM	023135106	26,688	8,004	SH		SOLE		7,705	0	299
American Electric Power Co Inc	COM	025537101	328	3,688	SH		SOLE		3,688	0	0
American Express Co	COM	025816109	772	4,716	SH		SOLE		4,716	0	0
American Tower Corp	COM	03027X100	33,194	113,485	SH		SOLE		113,207	0	278
AmerisourceBergen Corp	COM	03073E105	19,015	143,091	SH		SOLE		142,945	0	146
Amgen Inc	COM	031162100	2,092	9,301	SH		SOLE		9,269	0	32
Amphenol Corp	CL A	032095101	68,277	780,665	SH		SOLE		755,119	0	25,546
Analog Devices Inc	COM	032654105	98,566	560,765	SH		SOLE		548,689	0	12,076
ANSYS Inc	COM	03662Q105	276	688	SH		SOLE		688	0	0
APA Corp	COM	03743Q108	3,324	123,600	SH		SOLE		123,600	0	0
Apple Inc	COM	037833100	30,808	173,501	SH		SOLE		172,397	0	1,104
Arch Capital Group Ltd	COM	G0450A105	182,835	4,113,283	SH		SOLE		3,985,895	0	127,388
Archer-Daniels-Midland Co	COM	039483102	21,197	313,613	SH		SOLE		313,230	0	383
Arista Networks Inc	COM	040413106	74,134	515,717	SH		SOLE		498,940	0	16,777
Armstrong World Industries Inc	COM	04247X102	48,429	417,062	SH		SOLE		405,146	0	11,916
Artisan Partners Asset Managem	CL A	04316A108	620	13,019	SH		SOLE		13,019	0	0
ASML Holding NV - NY Reg Shrs	N Y REGISTRY SHS	N07059210	5,745	7,216	SH		SOLE		7,153	0	63
AstraZeneca PLC - Spons ADR	SPONSORED ADR	046353108	5,954	102,214	SH		SOLE		100,875	0	1,339
AT&T Inc	COM	00206R102	335	13,598	SH		SOLE		13,598	0	0
Automatic Data Processing Inc	COM	053015103	22,876	92,774	SH		SOLE		92,393	0	381
Axis Capital Holdings Ltd	SHS	G0692U109	6,153	112,954	SH		SOLE		112,954	0	0
Baker Hughes Co	CL A	05722G100	31,625	1,314,427	SH		SOLE		1,313,670	0	757
Barrick Gold Corp	COM	067901108	6,973	367,000	SH		SOLE		367,000	0	0
Baxter International Inc	COM	071813109	8,970	104,500	SH		SOLE		104,500	0	0
Beacon Roofing Supply Inc	COM	073685109	4,858	84,704	SH		SOLE		84,704	0	0
Becton Dickinson and Co	COM	075887109	89,446	355,678	SH		SOLE		347,971	0	7,707
Berkshire Hathaway Inc	CL B	084670702	77,378	258,788	SH		SOLE		251,697	0	7,091
BigCommerce Holdings Inc	COM	08975P108	2,552	72,144	SH		SOLE		72,144	0	0
Black Knight Inc	COM	09215C105	99,707	1,202,885	SH		SOLE		1,164,556	0	38,329
BlackRock Inc	COM	09247X101	59,820	65,337	SH		SOLE		65,099	0	238
Blackstone Group Inc/The	COM	09260D107	259	2,000	SH		SOLE		2,000	0	0
Box Inc	CL A	10316T104	7,439	284,051	SH		SOLE		284,051	0	0
Bristol-Myers Squibb Co	COM	110122108	50,849	815,542	SH		SOLE		812,997	0	2,545
Broadcom Inc	COM	11135F101	504	757	SH		SOLE		757	0	0
Brookfield Asset Management In	CL A LTD VT SH	112585104	145,480	2,409,401	SH		SOLE		2,334,822	0	74,579
Brown-Forman Corp	CL B	115637209	20,656	283,498	SH		SOLE		274,210	0	9,288
Brown & Brown Inc	COM	115236101	95,495	1,358,777	SH		SOLE		1,314,293	0	44,484
Cameco Corp	COM	13321L108	4,273	195,933	SH		SOLE		194,244	0	1,689
Canadian Pacific Railway Ltd	COM	13645T100	4,012	55,771	SH		SOLE		55,228	0	543
Cannae Holdings Inc	COM	13765N107	70,696	2,011,268	SH		SOLE		1,944,876	0	66,392
Carlisle Cos Inc	COM	142339100	105,697	425,990	SH		SOLE		412,573	0	13,417
CarMax Inc	COM	143130102	77,482	594,959	SH		SOLE		575,625	0	19,334
Castle Biosciences Inc	COM	14843C105	2,611	60,911	SH		SOLE		60,911	0	0
Caterpillar Inc	COM	149123101	2,222	10,748	SH		SOLE		10,589	0	159
CBRE Group Inc	CL A	12504L109	500	4,606	SH		SOLE		4,606	0	0
CDW Corp/DE	COM	12514G108	75,920	370,737	SH		SOLE		358,614	0	12,123
Chemours Co/The	COM	163851108	6,156	183,433	SH		SOLE		183,433	0	0
Ciena Corp	COM	171779309	5,383	69,940	SH		SOLE		69,940	0	0
Cisco Systems Inc	COM	17275R102	53,718	847,681	SH		SOLE		845,444	0	2,237
Clarivate PLC	ORD SHS	G21810109	61,528	2,615,992	SH		SOLE		2,531,428	0	84,564
CME Group Inc	COM	12572Q105	35,659	156,083	SH		SOLE		155,957	0	126
Coca-Cola Co	COM	191216100	19,238	324,916	SH		SOLE		324,504	0	412
Cogent Communications Holdings	COM	19239V302	4,385	59,926	SH		SOLE		59,926	0	0
Colgate-Palmolive Co	COM	194162103	16,616	194,700	SH		SOLE		194,521	0	179
Comcast Corp	CL A	20030N101	57,111	1,134,725	SH		SOLE		1,132,335	0	2,390
CommVault Systems Inc	COM	204166102	7,940	115,203	SH		SOLE		115,203	0	0
Concrete Pumping Holdings Inc	COM	206704108	1,544	188,235	SH		SOLE		188,235	0	0
Copart Inc	COM	217204106	137,635	907,765	SH		SOLE		879,391	0	28,374
Costco Wholesale Corp	COM	22160K105	17,592	30,988	SH		SOLE		30,554	0	434
Covetrus Inc	COM	22304C100	4,863	243,494	SH		SOLE		243,494	0	0
Crane Co	COM	224399105	4,799	47,171	SH		SOLE		47,171	0	0
Credit Suisse Group AG - Spons	SPONSORED ADR	225401108	3,685	382,284	SH		SOLE		376,593	0	5,691
CVS Health Corp	COM	126650100	56,947	552,027	SH		SOLE		551,907	0	120
CyberArk Software Ltd	SHS	M2682V108	3,940	22,738	SH		SOLE		22,543	0	195
Danaher Corp	COM	235851102	79,281	240,968	SH		SOLE		234,994	0	5,974
Royal Dutch Shell PLC	SPON ADR B	780259107	3,703	85,418	SH		SOLE		84,103	0	1,315
Diageo PLC - Spons ADR	SPON ADR	25243Q205	3,401	15,447	SH		SOLE		15,242	0	205
Dollar Tree Inc	COM	256746108	199,925	1,422,750	SH		SOLE		1,377,951	0	44,799
Dominion Energy Inc	COM	25746U109	28,571	363,687	SH		SOLE		363,441	0	246
Dow Inc	COM	260557103	433	7,638	SH		SOLE		7,638	0	0
Duke Energy Corp	COM	26441C204	957	9,120	SH		SOLE		9,120	0	0
Ecolab Inc	COM	278865100	6,329	26,978	SH		SOLE		26,645	0	333
Edgewell Personal Care Co	COM	28035Q102	6,168	134,928	SH		SOLE		134,928	0	0
Eli Lilly & Co	COM	532457108	16,620	60,171	SH		SOLE		59,512	0	659
Emerson Electric Co	COM	291011104	20,137	216,601	SH		SOLE		216,056	0	545
Encompass Health Corp	COM	29261A100	7,548	115,665	SH		SOLE		115,665	0	0
EnerSys	COM	29275Y102	4,369	55,257	SH		SOLE		55,257	0	0
Entegris Inc	COM	29362U104	7,411	53,477	SH		SOLE		53,477	0	0
EOG Resources Inc	COM	26875P101	29,184	328,543	SH		SOLE		328,472	0	71
Estee Lauder Cos Inc/The	CL A	518439104	5,430	14,669	SH		SOLE		14,473	0	196
Expeditors International of Wa	COM	302130109	46,783	348,376	SH		SOLE		337,095	0	11,281
Exxon Mobil Corp	COM	30231G102	403	6,585	SH		SOLE		6,585	0	0
Facebook Inc	CL A	30303M102	1,101	3,272	SH		SOLE		3,272	0	0
Fastenal Co	COM	311900104	29,409	459,088	SH		SOLE		458,507	0	581
FedEx Corp	COM	31428X106	3,880	15,000	SH		SOLE		15,000	0	0
Ferrari NV	COM	N3167Y103	4,354	16,824	SH		SOLE		16,671	0	153
Fiserv Inc	COM	337738108	75,936	731,628	SH		SOLE		715,829	0	15,799
FormFactor Inc	COM	346375108	4,691	102,603	SH		SOLE		102,603	0	0
Franco-Nevada Corp	COM	351858105	2,351	17,000	SH		SOLE		17,000	0	0
Gartner Inc	COM	366651107	93,698	280,265	SH		SOLE		271,292	0	8,973
Genmab A/S - Spons ADR	SPONSORED ADS	372303206	1,977	49,982	SH		SOLE		49,279	0	703
Gilead Sciences Inc	COM	375558103	8,351	115,014	SH		SOLE		115,014	0	0
Glacier Bancorp Inc	COM	37637Q105	37,884	668,152	SH		SOLE		646,445	0	21,707
Globus Medical Inc	CL A	379577208	4,035	55,891	SH		SOLE		55,891	0	0
Gogo Inc	COM	38046C109	3,855	284,926	SH		SOLE		284,926	0	0
Grifols SA - Spons ADR	SP ADR REP B NVT	398438408	1,972	175,569	SH		SOLE		172,917	0	2,652
GXO Logistics Inc	COM	36262G101	3,605	39,688	SH		SOLE		39,688	0	0
Hain Celestial Group Inc/The	COM	405217100	10,586	248,436	SH		SOLE		248,436	0	0
HDFC Bank Ltd - Spons ADR	SPONSORED ADS	40415F101	6,144	94,422	SH		SOLE		93,567	0	855
Hershey Co/The	COM	427866108	14,010	72,414	SH		SOLE		72,324	0	90
Hillman Solutions Corp	COM	431636109	3,115	289,755	SH		SOLE		289,755	0	0
Home Depot Inc	COM	437076102	56,790	136,839	SH		SOLE		136,327	0	512
Honeywell International Inc	COM	438516106	16,395	78,629	SH		SOLE		78,558	0	71
Huntsman Corp	COM	447011107	8,951	256,629	SH		SOLE		256,629	0	0
Hydrofarm Holdings Group Inc	COM	44888K209	3,630	128,302	SH		SOLE		128,302	0	0
IHS Markit Ltd	SHS	G47567105	59,308	446,191	SH		SOLE		431,661	0	14,530
Infosys Ltd - Spons ADR	SPONSORED ADR	456788108	5,452	215,411	SH		SOLE		213,485	0	1,926
Insperity Inc	COM	45778Q107	2,536	21,472	SH		SOLE		21,472	0	0
International Business Machine	COM	459200101	1,141	8,536	SH		SOLE		8,536	0	0
Iron Mountain Inc	COM	46284V101	1,892	36,160	SH		SOLE		36,160	0	0
Itau Unibanco Holding SA - Spo	SPON ADR REP PFD	465562106	2,645	705,383	SH		SOLE		699,150	0	6,233
Jacobs Engineering Group Inc	COM	469814107	90,848	652,504	SH		SOLE		636,039	0	16,465
JM Smucker Co	COM	832696405	3,789	27,900	SH		SOLE		27,900	0	0
Johnson & Johnson	COM	478160104	42,505	248,468	SH		SOLE		248,137	0	331
JPMorgan Chase & Co	COM	46625H100	50,770	320,621	SH		SOLE		319,762	0	859
Kennametal Inc	COM	489170100	4,556	126,860	SH		SOLE		126,860	0	0
Knight-Swift Transportation Ho	CL A	499049104	4,592	75,352	SH		SOLE		75,352	0	0
Laboratory Corp of America Hol	COM	50540R409	93,116	296,348	SH		SOLE		286,654	0	9,694
Las Vegas Sands Corp	COM	517834107	7,283	193,500	SH		SOLE		193,500	0	0
Liberty Broadband Corp	COM SER C	530307305	195,343	1,212,556	SH		SOLE		1,174,408	0	38,148
Linde PLC	COM	G5494J103	77,046	222,400	SH		SOLE		218,306	0	4,094
LiveRamp Holdings Inc	COM	53815P108	6,480	135,138	SH		SOLE		135,138	0	0
Lowe's Cos Inc	COM	548661107	117,113	453,082	SH		SOLE		440,902	0	12,180
Lumen Technologies Inc	COM	550241103	3,928	313,000	SH		SOLE		313,000	0	0
Magnite Inc	COM	55955D100	5,072	289,852	SH		SOLE		289,852	0	0
Manulife Financial Corp	COM	56501R106	5,161	270,620	SH		SOLE		268,260	0	2,360
Markel Corp	COM	570535104	85,975	69,672	SH		SOLE		67,386	0	2,286
Marsh & McLennan Cos Inc	COM	571748102	72,796	418,802	SH		SOLE		406,567	0	12,235
McDonald's Corp	COM	580135101	46,136	172,103	SH		SOLE		171,872	0	231
Medical Properties Trust Inc	COM	58463J304	864	36,557	SH		SOLE		36,557	0	0
Medtronic PLC	SHS	G5960L103	19,960	192,941	SH		SOLE		192,738	0	203
Merck & Co Inc	COM	58933Y105	4,572	59,659	SH		SOLE		59,347	0	312
Mercury Systems Inc	COM	589378108	2,520	45,768	SH		SOLE		45,768	0	0
MGE Energy Inc	COM	55277P104	221	2,690	SH		SOLE		2,690	0	0
MGIC Investment Corp	COM	552848103	4,172	289,355	SH		SOLE		289,355	0	0
MGM Growth Properties LLC	CL A	55303A105	733	17,955	SH		SOLE		17,955	0	0
Microsoft Corp	COM	594918104	30,237	89,906	SH		SOLE		88,856	0	1,050
MKS Instruments Inc	COM	55306N104	28,278	162,358	SH		SOLE		156,939	0	5,419
Moelis & Co	CL A	60786M105	26,411	422,503	SH		SOLE		408,787	0	13,716
Mondelez International Inc	CL A	609207105	544	8,211	SH		SOLE		8,211	0	0
National Instruments Corp	COM	636518102	5,820	133,274	SH		SOLE		133,274	0	0
Nestle SA - Spons ADR	SPONSORED ADR	641069406	11,924	84,948	SH		SOLE		83,803	0	1,145
New Relic Inc	COM	64829B100	5,059	46,007	SH		SOLE		46,007	0	0
Newmont Corp	COM	651639106	4,341	70,000	SH		SOLE		70,000	0	0
NextEra Energy Inc	COM	65339F101	14,859	159,153	SH		SOLE		156,419	0	2,734
Nordstrom Inc	COM	655664100	3,755	166,000	SH		SOLE		166,000	0	0
Northern Trust Corp	COM	665859104	37,277	311,654	SH		SOLE		311,246	0	408
Novartis AG - Spons ADR	SPONSORED ADR	66987V109	67,647	773,372	SH		SOLE		749,468	0	23,904
Nucor Corp	COM	670346105	37,133	325,296	SH		SOLE		324,574	0	722
NXP Semiconductors NV	COM	N6596X109	6,457	28,348	SH		SOLE		28,098	0	250
O'Reilly Automotive Inc	COM	67103H107	463	655	SH		SOLE		655	0	0
Olin Corp	COM	680665205	4,803	83,507	SH		SOLE		83,507	0	0
OneSpaWorld Holdings Ltd	COM	P73684113	3,502	349,470	SH		SOLE		349,470	0	0
Oracle Corp	COM	68389X105	18,402	211,007	SH		SOLE		210,949	0	58
Owens & Minor Inc	COM	690732102	7,210	165,752	SH		SOLE		165,752	0	0
PACCAR Inc	COM	693718108	160,619	1,819,843	SH		SOLE		1,770,505	0	49,338
PacWest Bancorp	COM	695263103	7,023	155,487	SH		SOLE		155,487	0	0
Pagseguro Digital Ltd	COM CL A	G68707101	2,934	111,902	SH		SOLE		110,924	0	978
Parker-Hannifin Corp	COM	701094104	60,107	188,944	SH		SOLE		183,658	0	5,286
Paychex Inc	COM	704326107	28,252	206,973	SH		SOLE		206,702	0	271
PayPal Holdings Inc	COM	70450Y103	7,638	40,505	SH		SOLE		40,505	0	0
PepsiCo Inc	COM	713448108	39,377	226,681	SH		SOLE		226,351	0	330
PetIQ Inc	CL A	71639T106	3,473	152,932	SH		SOLE		152,932	0	0
Pfizer Inc	COM	717081103	47,878	810,806	SH		SOLE		810,196	0	610
Philip Morris International In	COM	718172109	637	6,704	SH		SOLE		6,704	0	0
Physicians Realty Trust	COM	71943U104	743	39,435	SH		SOLE		39,435	0	0
PNC Financial Services Group I	COM	693475105	247	1,230	SH		SOLE		1,230	0	0
Porch Group Inc	COM	733245104	2,551	163,614	SH		SOLE		163,614	0	0
Power Integrations Inc	COM	739276103	5,301	57,065	SH		SOLE		57,065	0	0
PPG Industries Inc	COM	693506107	67,797	393,160	SH		SOLE		381,798	0	11,362
Primo Water Corp	COM	74167P108	6,163	349,572	SH		SOLE		349,572	0	0
Procter & Gamble Co	COM	742718109	33,643	205,668	SH		SOLE		205,000	0	668
Progressive Corp	COM	743315103	164,860	1,606,044	SH		SOLE		1,559,368	0	46,676
Prudential Financial Inc	COM	744320102	292	2,698	SH		SOLE		2,698	0	0
Prudential PLC - Spons ADR	ADR	74435K204	4,118	119,595	SH		SOLE		117,871	0	1,724
PTC Inc	COM	69370C100	6,412	52,922	SH		SOLE		52,922	0	0
QUALCOMM Inc	COM	747525103	18,812	102,873	SH		SOLE		102,017	0	856
Radius Global Infrastructure I	COM CL A	750481103	4,510	280,110	SH		SOLE		280,110	0	0
Range Resources Corp	COM	75281A109	7,920	444,200	SH		SOLE		444,200	0	0
Revolve Group Inc	CL A	76156B107	2,443	43,601	SH		SOLE		43,601	0	0
RLI Corp	COM	749607107	715	6,376	SH		SOLE		6,376	0	0
Robert Half International Inc	COM	770323103	3,575	32,056	SH		SOLE		32,056	0	0
Ross Stores Inc	COM	778296103	66,966	585,980	SH		SOLE		566,604	0	19,376
Ryanair Holdings PLC - Spons A	SPONSORED ADS	783513203	2,834	27,690	SH		SOLE		27,350	0	340
S&P Global Inc	COM	78409V104	649	1,375	SH		SOLE		1,375	0	0
SAP SE - Spons ADR	SPON ADR	803054204	3,354	23,941	SH		SOLE		23,719	0	222
Scotts Miracle-Gro Co/The	CL A	810186106	5,598	34,772	SH		SOLE		34,772	0	0
Shake Shack Inc	CL A	819047101	4,090	56,684	SH		SOLE		56,684	0	0
Simply Good Foods Co/The	COM	82900L102	7,145	171,867	SH		SOLE		171,867	0	0
Sony Group Corp - Spons ADR	SPONSORED ADR	835699307	5,588	44,207	SH		SOLE		43,650	0	557
Southern Copper Corp	COM	84265V105	2,593	42,015	SH		SOLE		41,416	0	599
STAG Industrial Inc	COM	85254J102	602	12,544	SH		SOLE		12,544	0	0
Starbucks Corp	COM	855244109	21,697	185,489	SH		SOLE		185,243	0	246
State Street Corp	COM	857477103	318	3,417	SH		SOLE		3,417	0	0
Stryker Corp	COM	863667101	5,790	21,651	SH		SOLE		21,651	0	0
Summit Materials Inc	CL A	86614U100	5,973	148,810	SH		SOLE		148,810	0	0
Supernus Pharmaceuticals Inc	COM	868459108	3,493	119,780	SH		SOLE		119,780	0	0
T-Mobile US Inc	COM	872590104	7,597	65,500	SH		SOLE		65,500	0	0
T Rowe Price Group Inc	COM	74144T108	205	1,040	SH		SOLE		970	0	70
Taiwan Semiconductor Mfg Co Lt	SPONSORED ADS	874039100	5,217	43,365	SH		SOLE		42,962	0	403
Target Corp	COM	87612E106	16,148	69,774	SH		SOLE		68,812	0	962
TE Connectivity Ltd	REG SHS	H84989104	77,996	483,424	SH		SOLE		470,815	0	12,609
Telefonaktiebolaget LM Ericsso	ADR B SEK 10	294821608	3,552	326,734	SH		SOLE		322,113	0	4,621
Texas Capital Bancshares Inc	COM	88224Q107	2,332	38,708	SH		SOLE		38,708	0	0
Texas Instruments Inc	COM	882508104	35,160	186,554	SH		SOLE		186,302	0	252
Thermo Fisher Scientific Inc	COM	883556102	534	801	SH		SOLE		801	0	0
TJX Cos Inc	COM	872540109	80,060	1,054,528	SH		SOLE		1,027,808	0	26,720
Toyota Motor Corp - Spons ADR	SP ADR REP2COM	892331307	3,926	21,188	SH		SOLE		20,919	0	269
Transocean Ltd	REG SHS	H8817H100	1,587	575,000	SH		SOLE		575,000	0	0
Travelers Cos Inc	COM	89417E109	37,169	237,610	SH		SOLE		237,339	0	271
U.S. Bancorp	COM	902973304	96,789	1,723,140	SH		SOLE		1,685,994	0	37,146
Unilever PLC - Spons ADR	SPON ADR	904767704	445	8,266	SH		SOLE		8,266	0	0
Union Pacific Corp	COM	907818108	30,639	121,616	SH		SOLE		121,031	0	585
United Parcel Service Inc	CL B	911312106	15,674	73,125	SH		SOLE		72,322	0	803
UnitedHealth Group Inc	COM	91324P102	14,022	27,925	SH		SOLE		27,513	0	412
Varonis Systems Inc	COM	922280102	4,975	101,984	SH		SOLE		101,984	0	0
Verisk Analytics Inc	COM	92345Y106	492	2,153	SH		SOLE		2,153	0	0
Veritex Holdings Inc	COM	923451108	3,677	92,429	SH		SOLE		92,429	0	0
Verizon Communications Inc	COM	92343V104	32,217	620,044	SH		SOLE		620,044	0	0
Vertex Pharmaceuticals Inc	COM	92532F100	3,234	14,728	SH		SOLE		14,623	0	105
VF Corp	COM	918204108	270	3,693	SH		SOLE		3,693	0	0
Visa Inc	CL A	92826C839	86,309	398,269	SH		SOLE		388,849	0	9,420
Vontier Corp	COM	928881101	50,466	1,642,243	SH		SOLE		1,587,559	0	54,684
Walmart Inc	COM	931142103	229	1,583	SH		SOLE		1,583	0	0
Walt Disney Co	COM	254687106	12,886	83,195	SH		SOLE		82,172	0	1,023
Waste Management Inc	COM	94106L109	742	4,444	SH		SOLE		4,444	0	0
Western Alliance Bancorp	COM	957638109	5,869	54,516	SH		SOLE		54,516	0	0
WillScot Mobile Mini Holdings	COM CL A	971378104	12,169	297,958	SH		SOLE		297,958	0	0
WR Berkley Corp	COM	084423102	50,016	607,063	SH		SOLE		587,322	0	19,741
XP Inc	CL A	G98239109	3,056	106,333	SH		SOLE		105,350	0	983
Zurn Water Solutions Corp	COM	98983L108	3,118	85,653	SH		SOLE		85,653	0	0
Distillate International Funda	DISTILLATE INTNL	26922B501	601	23,380	SH		SOLE		23,380	0	0
Distillate US Fundamental Stab	DISTILLATE US	26922A321	45,427	981,563	SH		SOLE		981,563	0	0
First Trust Natural Gas ETF	NAT GAS ETF	33733E807	6,052	352,286	SH		SOLE		352,286	0	0
Franklin FTSE United Kingdom E	FTSE UNTD KGDM	35473P678	7,987	314,456	SH		SOLE		314,456	0	0
Global X Silver Miners ETF	GLOBAL X SILVER	37954Y848	3,319	90,472	SH		SOLE		90,472	0	0
GraniteShares Bloomberg Commod	BBG COMMD K 1	38747R108	396	15,425	SH		SOLE		15,425	0	0
Invesco BuyBack Achievers ETF	BUYBACK ACHIEV	46137V308	2,389	24,759	SH		SOLE		24,759	0	0
Invesco Optimum Yield Diversif	OPTIMUM YIELD	46090F100	39,204	2,788,366	SH		SOLE		2,788,366	0	0
Invesco QQQ Trust Series 1	UNIT SER 1	46090E103	285	716	SH		SOLE		716	0	0
Invesco S&P 500 Quality ETF	S&P500 QUALITY	46137V241	77,838	1,462,840	SH		SOLE		1,462,840	0	0
iShares 20 Year Treasury Bond	20 YR TR BD ETF	464287432	60,879	410,815	SH		SOLE		410,815	0	0
iShares 3-7 Year Treasury Bond	3 7 YR TREAS BD	464288661	29,535	229,543	SH		SOLE		229,543	0	0
iShares 5-10 Year Investment G	ISHS 5-10YR INVT	464288638	13,976	235,810	SH		SOLE		235,810	0	0
iShares 7-10 Year Treasury Bon	BARCLAYS 7 10 YR	464287440	567	4,927	SH		SOLE		4,927	0	0
iShares Core MSCI EAFE ETF	CORE MSCI EAFE	46432F842	836	11,202	SH		SOLE		11,202	0	0
iShares Core MSCI Emerging Mar	CORE MSCI EMKT	46434G103	1,756	29,330	SH		SOLE		29,330	0	0
iShares Core S&P 500 ETF	CORE S&P500 ETF	464287200	12,329	25,848	SH		SOLE		25,848	0	0
iShares Core S&P Mid-Cap ETF	CORE S&P MCP ETF	464287507	61,956	218,863	SH		SOLE		218,830	0	33
iShares Core S&P Small-Cap ETF	CORE S&P SCP ETF	464287804	75,437	658,781	SH		SOLE		658,221	0	560
iShares Core S&P U.S. Growth E	CORE S&P US GWT	464287671	21,399	185,051	SH		SOLE		185,051	0	0
iShares Core U.S. Aggregate Bo	CORE US AGGBD ET	464287226	45,090	395,251	SH		SOLE		395,251	0	0
iShares Edge MSCI Min Vol EAFE	MIN VOL EAFE ETF	46429B689	1,251	16,301	SH		SOLE		16,301	0	0
iShares Edge MSCI Min Vol Emer	MIN VOL EMRG MKT	464286533	5,882	93,628	SH		SOLE		93,628	0	0
iShares Edge MSCI Min Vol USA	MSCI USA MIN VOL	46429B697	11,372	140,573	SH		SOLE		140,573	0	0
iShares Edge MSCI USA Quality	USA QUALITY FCTR	46432F339	6,786	46,618	SH		SOLE		46,618	0	0
iShares iBoxx High Yield Corpo	IBOXX HI YD ETF	464288513	513	5,900	SH		SOLE		5,900	0	0
iShares MBS ETF	MBS ETF	464288588	49,372	459,572	SH		SOLE		459,572	0	0
iShares MSCI ACWI ex US ETF	MSCI ACWI EX US	464288240	3,277	58,936	SH		SOLE		58,936	0	0
iShares MSCI Emerging Markets	MSCI EM ASIA ETF	464286426	260	3,164	SH		SOLE		3,164	0	0
iShares MSCI Eurozone ETF	MSCI EURZONE ETF	464286608	14,707	300,087	SH		SOLE		300,087	0	0
iShares MSCI Global Gold Miner	MSCI GBL GOLD MN	46434G855	22,182	822,453	SH		SOLE		822,453	0	0
iShares MSCI International Qua	MSCI INTL QUALTY	46434V456	12,140	308,290	SH		SOLE		308,290	0	0
iShares MSCI Japan Small-Cap E	MSCI JAPN SMCETF	464286582	2,685	35,642	SH		SOLE		35,642	0	0
iShares MSCI Switzerland ETF	MSCI SWITZERLAND	464286749	5,588	105,974	SH		SOLE		105,974	0	0
iShares MSCI United Kingdom ET	MSCI UK ETF	46435G334	3,665	110,598	SH		SOLE		110,598	0	0
iShares Nasdaq Biotechnology E	NASDAQ BIOTECH	464287556	6,437	42,174	SH		SOLE		42,174	0	0
iShares National Muni Bond ETF	NATIONAL MUN ETF	464288414	651	5,597	SH		SOLE		5,597	0	0
iShares Russell 1000 ETF	RUS 1000 ETF	464287622	322	1,218	SH		SOLE		1,218	0	0
iShares Russell 1000 Growth ET	RUS 1000 GRW ETF	464287614	1,349	4,414	SH		SOLE		4,414	0	0
iShares Russell 2000 ETF	RUSSELL 2000 ETF	464287655	4,116	18,505	SH		SOLE		18,345	0	160
iShares Russell 2000 Growth ET	RUS 2000 GRW ETF	464287648	331	1,129	SH		SOLE		1,129	0	0
iShares Russell Mid-Cap ETF	RUS MID CAP ETF	464287499	1,087	13,094	SH		SOLE		13,094	0	0
iShares Russell Mid-Cap Growth	RUS MD CP GR ETF	464287481	360	3,128	SH		SOLE		3,128	0	0
iShares Russell Mid-Cap Value	RUS MDCP VAL ETF	464287473	206	1,684	SH		SOLE		1,684	0	0
iShares Short Treasury Bond ET	SHORT TREAS BD	464288679	2,605	23,589	SH		SOLE		23,589	0	0
Janus Henderson Mortgage-Backe	HENDERSON MTG	47103U852	51,470	977,029	SH		SOLE		977,029	0	0
JPMorgan BetaBuilders Japan ET	BETBULD JAPAN	46641Q217	13,550	245,998	SH		SOLE		245,998	0	0
Pacer US Cash Cows 100 ETF	US CASH COWS 100	69374H881	6,888	146,281	SH		SOLE		146,281	0	0
Schwab Fundamental U.S. Large	SCHWAB FDT US LG	808524771	1,514	25,834	SH		SOLE		25,834	0	0
Schwab Intermediate-Term U.S.	INTRM TRM TRES	808524854	50,594	901,217	SH		SOLE		901,217	0	0
Schwab US Dividend Equity ETF	US DIVIDEND EQ	808524797	44,056	545,049	SH		SOLE		545,049	0	0
Schwab US TIPS ETF	US TIPS ETF	808524870	6,010	95,556	SH		SOLE		95,556	0	0
SPDR Gold Shares	GOLD SHS	78463V107	1,299	7,600	SH		SOLE		7,600	0	0
SPDR S&P 500 ETF Trust	TR UNIT	78462F103	107,269	225,848	SH		SOLE		223,862	0	1,986
SPDR S&P Dividend ETF	S&P DIVID ETF	78464A763	15,356	118,929	SH		SOLE		118,929	0	0
SPDR S&P Emerging Asia Pacific	ASIA PACIF ETF	78463X301	2,952	24,289	SH		SOLE		23,784	0	505
SPDR S&P MidCap 400 ETF Trust	UTSER1 S&PCRP	78467Y107	8,160	15,762	SH		SOLE		15,191	0	571
VanEck Gold Miners ETF/USA	GOLD MINERS ETF	92189F106	23,769	742,071	SH		SOLE		742,071	0	0
Vanguard Consumer Staples ETF	CONSUM STP ETF	92204A207	1,696	8,484	SH		SOLE		8,484	0	0
Vanguard Dividend Appreciation	DIV APP ETF	921908844	5,587	32,530	SH		SOLE		32,530	0	0
Vanguard Extended Duration Tre	EXTENDED DUR	921910709	12,830	91,646	SH		SOLE		91,646	0	0
Vanguard FTSE All-World ex-US	ALLWRLD EX US	922042775	98,716	1,610,899	SH		SOLE		1,610,899	0	0
Vanguard FTSE All World ex-US	FTSE SMCAP ETF	922042718	17,142	127,964	SH		SOLE		127,964	0	0
Vanguard Health Care ETF	HEALTH CAR ETF	92204A504	6,600	24,773	SH		SOLE		24,773	0	0
Vanguard Information Technolog	INF TECH ETF	92204A702	74,444	162,481	SH		SOLE		162,481	0	0
Vanguard Large-Cap ETF	LARGE CAP ETF	922908637	18,474	83,584	SH		SOLE		83,584	0	0
Vanguard Long-Term Corporate B	LG-TERM COR BD	92206C813	8,662	81,836	SH		SOLE		81,836	0	0
Vanguard S&P Mid-Cap 400 Growt	MIDCP 400 GRTH	921932869	7,930	37,502	SH		SOLE		37,502	0	0
Vanguard Short-Term Bond ETF	SHORT TRM BOND	921937827	523	6,474	SH		SOLE		6,474	0	0
Vanguard Short-Term Corporate	SHRT TRM CORP BD	92206C409	52,002	639,946	SH		SOLE		639,946	0	0
Vanguard Total Bond Market ETF	TOTAL BND MRKT	921937835	260	3,072	SH		SOLE		3,072	0	0