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	6,080,305	59,500	SH		SOLE		59,500	0	0
Abbott Laboratories	COM	002824100	21,006,134	202,157	SH		SOLE		202,157	0	0
AbbVie Inc	COM	00287Y109	16,072,796	93,708	SH		SOLE		93,708	0	0
Accenture PLC	COM	G1151C101	91,916,954	302,946	SH		SOLE		297,264	0	5,683
adidas AG - Spons ADR	COM	00687A107	3,181,684	26,545	SH		SOLE		26,229	0	316
Adobe Inc	COM	00724F101	9,997,083	17,995	SH		SOLE		17,995	0	0
AES Corp/VA	COM	00130H105	11,947,600	680,000	SH		SOLE		680,000	0	0
Aflac Inc	COM	001055102	390,106	4,368	SH		SOLE		4,368	0	0
Agilent Technologies Inc	COM	00846U101	91,639,536	706,932	SH		SOLE		692,467	0	14,465
AIA Group Ltd - Spons ADR	COM	001317205	2,970,029	109,879	SH		SOLE		108,541	0	1,338
Air Liquide SA - Unspons ADR	COM	009126202	1,647,505	47,561	SH		SOLE		47,000	0	561
Air Products & Chemicals Inc	COM	009158106	22,859,875	88,587	SH		SOLE		88,587	0	0
Airbus SE - Unspons ADR	COM	009279100	3,134,809	91,554	SH		SOLE		90,397	0	1,157
Alcon Inc	COM	H01301128	85,105,198	955,379	SH		SOLE		931,030	0	24,349
Alibaba Group Holding Ltd - Sp	COM	01609W102	3,724,272	51,726	SH		SOLE		51,226	0	500
Alliant Energy Corp	COM	018802108	329,393	6,471	SH		SOLE		6,471	0	0
Allstate Corp	COM	020002101	1,007,295	6,309	SH		SOLE		6,309	0	0
Alphabet Inc	COM	02079K107	265,377,505	1,446,830	SH		SOLE		1,418,000	0	28,830
Alphabet Inc	COM	02079K305	3,089,993	16,964	SH		SOLE		16,964	0	0
Amazon.com Inc	COM	023135106	140,612,409	727,619	SH		SOLE		713,334	0	14,285
American Tower Corp	COM	03027X100	33,372,325	171,686	SH		SOLE		171,686	0	0
Amgen Inc	COM	031162100	2,369,308	7,583	SH		SOLE		7,583	0	0
AMN Healthcare Services Inc	COM	001744101	1,904,117	37,168	SH		SOLE		37,168	0	0
Amphenol Corp	COM	032095101	131,425,774	1,950,806	SH		SOLE		1,869,081	0	81,724
Analog Devices Inc	COM	032654105	124,804,548	546,765	SH		SOLE		535,556	0	11,208
APA Corp	COM	03743Q108	9,005,696	305,900	SH		SOLE		305,900	0	0
Apple Inc	COM	037833100	42,355,369	201,099	SH		SOLE		199,986	0	1,113
Applied Materials Inc	COM	038222105	270,681	1,147	SH		SOLE		1,147	0	0
Arch Capital Group Ltd	COM	G0450A105	405,157,581	4,015,835	SH		SOLE		3,866,921	0	148,913
Archer-Daniels-Midland Co	COM	039483102	8,215,155	135,900	SH		SOLE		135,900	0	0
Arista Networks Inc	COM	040413106	89,537,862	255,472	SH		SOLE		244,657	0	10,815
Armstrong World Industries Inc	COM	04247X102	51,757,588	457,061	SH		SOLE		437,766	0	19,295
ASML Holding NV - Spons NY Reg	COM	N07059210	5,649,561	5,524	SH		SOLE		5,475	0	49
AstraZeneca PLC - Spons ADR	COM	046353108	4,458,064	57,162	SH		SOLE		56,573	0	589
Automatic Data Processing Inc	COM	053015103	32,659,475	136,828	SH		SOLE		136,828	0	0
Axis Capital Holdings Ltd	COM	G0692U109	4,393,088	62,181	SH		SOLE		62,181	0	0
Baldwin Insurance Group Inc/Th	COM	05589G102	3,045,348	85,857	SH		SOLE		85,857	0	0
Bank of America Corp	COM	060505104	14,457,827	363,536	SH		SOLE		363,536	0	0
Barrick Gold Corp	COM	067901108	10,500,060	629,500	SH		SOLE		629,500	0	0
Becton Dickinson and Co	COM	075887109	253,382	1,084	SH		SOLE		1,058	0	26
Berkshire Hathaway Inc	COM	084670702	102,980,463	253,148	SH		SOLE		247,291	0	5,857
BlackRock Inc	COM	09247X101	44,290,687	56,255	SH		SOLE		56,119	0	136
Blackstone Group Inc/The	COM	09260D107	213,060	1,721	SH		SOLE		1,721	0	0
Boston Scientific Corp	COM	101137107	227,180	2,950	SH		SOLE		2,950	0	0
Box Inc	COM	10316T104	4,729,984	178,895	SH		SOLE		178,895	0	0
Bristol-Myers Squibb Co	COM	110122108	206,487	4,972	SH		SOLE		4,972	0	0
Broadcom Inc	COM	11135F101	348,400	217	SH		SOLE		217	0	0
Brookfield Asset Management Lt	COM	113004105	66,338,573	1,743,458	SH		SOLE		1,672,164	0	71,293
Brookfield Corp	COM	11271J107	51,568,854	1,241,426	SH		SOLE		1,210,366	0	31,060
Brown-Forman Corp	COM	115637209	59,474,685	1,377,048	SH		SOLE		1,316,160	0	60,888
Brown & Brown Inc	COM	115236101	149,091,681	1,667,506	SH		SOLE		1,596,078	0	71,427
Cameco Corp	COM	13321L108	3,954,794	80,382	SH		SOLE		79,643	0	739
Canadian Pacific Kansas City L	COM	13646K108	2,725,396	34,617	SH		SOLE		34,314	0	303
Carlisle Cos Inc	COM	142339100	139,331,641	343,850	SH		SOLE		329,812	0	14,039
CarMax Inc	COM	143130102	97,788,206	1,333,354	SH		SOLE		1,276,135	0	57,220
Caterpillar Inc	COM	149123101	9,052,659	27,177	SH		SOLE		27,177	0	0
CBRE Group Inc	COM	12504L109	225,092	2,526	SH		SOLE		2,526	0	0
CDW Corp/DE	COM	12514G108	103,508,910	462,424	SH		SOLE		442,872	0	19,552
CF Industries Holdings Inc	COM	125269100	963,560	13,000	SH		SOLE		13,000	0	0
Charles Schwab Corp/The	COM	808513105	64,578,798	876,358	SH		SOLE		859,254	0	17,104
Chevron Corp	COM	166764100	23,473,324	150,066	SH		SOLE		150,066	0	0
Chord Energy Corp	COM	674215207	3,272,611	19,517	SH		SOLE		19,517	0	0
Ciena Corp	COM	171779309	16,001,253	332,114	SH		SOLE		332,114	0	0
Cigna Corp	COM	125523100	207,929	629	SH		SOLE		629	0	0
Cisco Systems Inc	COM	17275R102	4,908,781	103,321	SH		SOLE		103,321	0	0
CME Group Inc	COM	12572Q105	27,298,500	138,853	SH		SOLE		138,853	0	0
Coca-Cola Co	COM	191216100	735,730	11,559	SH		SOLE		11,559	0	0
Cogent Communications Holdings	COM	19239V302	6,074,355	107,625	SH		SOLE		107,625	0	0
Colgate-Palmolive Co	COM	194162103	11,045,966	113,829	SH		SOLE		113,829	0	0
Comcast Corp	COM	20030N101	22,336,629	570,394	SH		SOLE		570,394	0	0
CommVault Systems Inc	COM	204166102	6,128,708	50,413	SH		SOLE		50,413	0	0
Confluent Inc	COM	20717M103	4,846,227	164,112	SH		SOLE		164,112	0	0
ConocoPhillips	COM	20825C104	23,663,049	206,881	SH		SOLE		206,881	0	0
Constellation Brands Inc	COM	21036P108	11,165,952	43,400	SH		SOLE		43,400	0	0
Copart Inc	COM	217204106	216,169,762	3,991,318	SH		SOLE		3,844,361	0	146,957
Core & Main Inc	COM	21874C102	5,899,815	120,552	SH		SOLE		120,552	0	0
Corning Inc	COM	219350105	2,035,895	52,404	SH		SOLE		52,404	0	0
Costco Wholesale Corp	COM	22160K105	31,509,678	37,071	SH		SOLE		36,679	0	392
Crane Co	COM	224408104	5,756,286	39,704	SH		SOLE		39,704	0	0
Crane NXT Co	COM	224441105	3,553,454	57,855	SH		SOLE		57,855	0	0
CSX Corp	COM	126408103	230,404	6,888	SH		SOLE		6,888	0	0
CTS Corp	COM	126501105	4,170,899	82,380	SH		SOLE		82,380	0	0
Cullen/Frost Bankers Inc	COM	229899109	28,992,052	285,271	SH		SOLE		272,821	0	12,450
Cummins Inc	COM	231021106	9,389,035	33,904	SH		SOLE		33,904	0	0
CVS Health Corp	COM	126650100	8,200,481	138,850	SH		SOLE		138,850	0	0
CyberArk Software Ltd	COM	M2682V108	3,559,382	13,018	SH		SOLE		12,903	0	115
Daiichi Sankyo Co Ltd - Spons	COM	23381D102	2,790,038	80,777	SH		SOLE		79,794	0	983
Danaher Corp	COM	235851102	72,161,090	288,818	SH		SOLE		283,735	0	5,082
Deere & Co	COM	244199105	43,884,736	117,455	SH		SOLE		114,445	0	3,010
Deutsche Telekom AG - Spons AD	COM	251566105	4,255,070	168,919	SH		SOLE		166,884	0	2,035
Diageo PLC - Spons ADR	COM	25243Q205	1,447,524	11,481	SH		SOLE		11,345	0	136
Discover Financial Services	COM	254709108	372,024	2,844	SH		SOLE		2,844	0	0
Dollar Tree Inc	COM	256746108	158,027,532	1,480,074	SH		SOLE		1,424,376	0	55,698
Dominion Energy Inc	COM	25746U109	7,559,181	154,269	SH		SOLE		154,269	0	0
Dow Inc	COM	260557103	1,017,128	19,173	SH		SOLE		19,173	0	0
Duluth Holdings Inc	COM	26443V101	2,814,647	762,777	SH		SOLE		762,777	0	0
Ecolab Inc	COM	278865100	12,302,220	51,690	SH		SOLE		51,088	0	602
Edgewell Personal Care Co	COM	28035Q102	4,606,096	114,608	SH		SOLE		114,608	0	0
Elevance Health Inc	COM	036752103	41,386,946	76,379	SH		SOLE		74,460	0	1,919
Eli Lilly & Co	COM	532457108	45,861,119	50,654	SH		SOLE		50,133	0	521
Emerson Electric Co	COM	291011104	214,151	1,944	SH		SOLE		1,944	0	0
Encompass Health Corp	COM	29261A100	8,355,260	97,392	SH		SOLE		97,392	0	0
Entegris Inc	COM	29362U104	5,222,784	38,573	SH		SOLE		38,573	0	0
EOG Resources Inc	COM	26875P101	19,642,391	156,053	SH		SOLE		156,053	0	0
Equifax Inc	COM	294429105	10,915,549	45,020	SH		SOLE		44,519	0	501
Expeditors International of Wa	COM	302130109	53,561,469	429,213	SH		SOLE		411,213	0	18,000
Exxon Mobil Corp	COM	30231G102	20,086,828	174,486	SH		SOLE		174,486	0	0
Fastenal Co	COM	311900104	28,452,695	452,780	SH		SOLE		452,780	0	0
Ferguson Enterprises Inc	COM	31488V107	41,880,454	216,269	SH		SOLE		210,993	0	5,275
Ferrari NV	COM	N3167Y103	2,183,554	5,347	SH		SOLE		5,301	0	46
Fiserv Inc	COM	337738108	100,590,785	674,925	SH		SOLE		659,689	0	15,235
Floor & Decor Holdings Inc	COM	339750101	83,064,293	835,573	SH		SOLE		799,668	0	35,905
Fomento Economico Mexicano SAB	COM	344419106	2,697,709	25,060	SH		SOLE		24,822	0	238
FormFactor Inc	COM	346375108	7,751,714	128,064	SH		SOLE		128,064	0	0
Freeport-McMoRan Inc	COM	35671D857	2,996,725	61,661	SH		SOLE		61,661	0	0
Garmin Ltd	COM	H2906T109	714,241	4,384	SH		SOLE		4,384	0	0
Gartner Inc	COM	366651107	192,156,873	427,909	SH		SOLE		409,533	0	18,376
General Dynamics Corp	COM	369550108	763,068	2,630	SH		SOLE		2,630	0	0
Genmab A/S - Spons ADR	COM	372303206	1,471,990	58,575	SH		SOLE		57,869	0	706
Gilead Sciences Inc	COM	375558103	2,173,565	31,680	SH		SOLE		31,680	0	0
Glacier Bancorp Inc	COM	37637Q105	31,597,497	846,664	SH		SOLE		812,320	0	34,344
Globus Medical Inc	COM	379577208	1,375,074	20,077	SH		SOLE		20,077	0	0
Gogo Inc	COM	38046C109	2,452,167	254,903	SH		SOLE		254,903	0	0
Hain Celestial Group Inc/The	COM	405217100	1,876,784	271,604	SH		SOLE		271,604	0	0
Hayward Holdings Inc	COM	421298100	2,667,390	216,861	SH		SOLE		216,861	0	0
HDFC Bank Ltd - Spons ADR	COM	40415F101	5,859,369	91,083	SH		SOLE		90,227	0	856
HealthEquity Inc	COM	42226A107	4,669,626	54,172	SH		SOLE		54,172	0	0
Helios Technologies Inc	COM	42328H109	1,439,233	30,141	SH		SOLE		30,141	0	0
Hershey Co/The	COM	427866108	9,368,161	50,961	SH		SOLE		50,961	0	0
Hewlett Packard Enterprise Co	COM	42824C109	1,624,734	76,747	SH		SOLE		76,747	0	0
Hillman Solutions Corp	COM	431636109	2,474,380	279,591	SH		SOLE		279,591	0	0
Home Depot Inc	COM	437076102	39,202,740	113,882	SH		SOLE		113,491	0	391
Honeywell International Inc	COM	438516106	27,405,724	128,340	SH		SOLE		128,340	0	0
Humana Inc	COM	444859102	3,394,610	9,085	SH		SOLE		9,085	0	0
Huntsman Corp	COM	447011107	1,683,113	73,918	SH		SOLE		73,918	0	0
Illinois Tool Works Inc	COM	452308109	4,489,681	18,947	SH		SOLE		18,947	0	0
Infosys Ltd - Spons ADR	COM	456788108	3,503,725	188,170	SH		SOLE		186,417	0	1,753
International Business Machine	COM	459200101	2,845,546	16,453	SH		SOLE		16,453	0	0
Intuit Inc	COM	461202103	5,956,951	9,064	SH		SOLE		9,064	0	0
Iron Mountain Inc	COM	46284V101	2,696,038	30,083	SH		SOLE		30,083	0	0
Itau Unibanco Holding SA - Spo	COM	465562106	2,663,250	456,036	SH		SOLE		451,699	0	4,337
Jacobs Solutions Inc	COM	46982L108	374,196	2,678	SH		SOLE		2,678	0	0
JFrog Ltd	COM	M6191J100	4,394,364	117,027	SH		SOLE		117,027	0	0
Johnson & Johnson	COM	478160104	20,019,681	136,971	SH		SOLE		136,971	0	0
JPMorgan Chase & Co	COM	46625H100	35,631,133	176,165	SH		SOLE		175,201	0	964
Kerry Group PLC - Spons ADR	COM	492460100	2,766,502	34,139	SH		SOLE		33,729	0	410
KION Group AG - Unspons ADR	COM	497216101	3,147,534	303,523	SH		SOLE		299,883	0	3,640
Labcorp Holdings Inc	COM	504922105	86,928,629	427,147	SH		SOLE		408,884	0	18,263
Las Vegas Sands Corp	COM	517834107	17,372,550	392,600	SH		SOLE		392,600	0	0
Lasertec Corp - Unspons ADR	COM	51809L109	1,477,665	32,837	SH		SOLE		32,433	0	404
Legalzoom.com Inc	COM	52466B103	3,026,189	360,690	SH		SOLE		360,690	0	0
Leonardo DRS Inc	COM	52661A108	4,411,291	172,924	SH		SOLE		172,924	0	0
Liberty Broadband Corp	COM	530307305	80,674,673	1,471,628	SH		SOLE		1,415,748	0	55,881
Liberty Media Corp-Liberty For	COM	531229771	29,215,850	454,863	SH		SOLE		454,863	0	0
Liberty Media Corp-Liberty For	COM	531229755	46,050,466	641,014	SH		SOLE		595,080	0	45,934
Linde PLC	COM	G54950103	17,321,147	39,473	SH		SOLE		39,084	0	389
London Stock Exchange Group PL	COM	54211N101	1,523,200	50,672	SH		SOLE		50,051	0	621
Lonza Group AG - Unspons ADR	COM	54338V101	3,115,275	57,161	SH		SOLE		56,470	0	691
Lowe's Cos Inc	COM	548661107	106,592,349	483,500	SH		SOLE		474,389	0	9,110
Lumen Technologies Inc	COM	550241103	136,400	124,000	SH		SOLE		124,000	0	0
LVMH Moet Hennessy Louis Vuitt	COM	502441306	1,693,904	11,046	SH		SOLE		10,915	0	131
Manulife Financial Corp	COM	56501R106	2,264,484	85,067	SH		SOLE		84,314	0	753
Markel Corp	COM	570535104	537,990	341	SH		SOLE		341	0	0
Marsh & McLennan Cos Inc	COM	571748102	58,058,424	275,524	SH		SOLE		268,465	0	7,059
Mastercard Inc	COM	57636Q104	835,998	1,895	SH		SOLE		1,895	0	0
Matador Resources Co	COM	576485205	9,416,800	158,000	SH		SOLE		158,000	0	0
McDonald's Corp	COM	580135101	11,569,736	45,400	SH		SOLE		45,346	0	54
Medtronic PLC	COM	G5960L103	31,621,664	401,749	SH		SOLE		401,749	0	0
Merck & Co Inc	COM	58933Y105	3,826,410	30,908	SH		SOLE		30,908	0	0
Meta Platforms Inc	COM	30303M102	730,866	1,449	SH		SOLE		1,449	0	0
MGE Energy Inc	COM	55277P104	234,467	3,138	SH		SOLE		3,138	0	0
Microchip Technology Inc	COM	595017104	42,329,660	462,619	SH		SOLE		446,699	0	15,920
Microsoft Corp	COM	594918104	66,290,788	148,318	SH		SOLE		147,073	0	1,245
MKS Instruments Inc	COM	55306N104	97,114,228	743,714	SH		SOLE		711,875	0	31,839
Moelis & Co	COM	60786M105	100,689,697	1,770,835	SH		SOLE		1,696,918	0	73,917
Morgan Stanley	COM	617446448	28,314,946	291,336	SH		SOLE		291,336	0	0
Mueller Water Products Inc	COM	624758108	2,437,012	135,994	SH		SOLE		135,994	0	0
Murata Manufacturing Co Ltd -	COM	626425102	1,998,267	193,256	SH		SOLE		190,927	0	2,329
Nestle SA - Spons ADR	COM	641069406	7,751,265	75,659	SH		SOLE		74,816	0	843
Newmont Corp	COM	651639106	10,943,771	261,375	SH		SOLE		261,375	0	0
NextEra Energy Inc	COM	65339F101	54,361,333	767,707	SH		SOLE		764,274	0	3,433
Nidec Corp - Spons ADR	COM	654090109	1,770,800	156,708	SH		SOLE		154,779	0	1,929
NIKE Inc	COM	654106103	20,489,827	271,857	SH		SOLE		267,348	0	4,509
Nordstrom Inc	COM	655664100	6,875,280	324,000	SH		SOLE		324,000	0	0
Norsk Hydro ASA - Spons ADR	COM	656531605	2,100,276	337,665	SH		SOLE		334,056	0	3,609
Northern Trust Corp	COM	665859104	6,723,943	80,066	SH		SOLE		80,066	0	0
Nucor Corp	COM	670346105	352,202	2,228	SH		SOLE		2,228	0	0
NVIDIA Corp	COM	67066G104	2,942,723	23,820	SH		SOLE		23,820	0	0
NXP Semiconductors NV	COM	N6596X109	3,551,988	13,200	SH		SOLE		13,084	0	116
Olin Corp	COM	680665205	4,146,324	87,939	SH		SOLE		87,939	0	0
Ollie's Bargain Outlet Holding	COM	681116109	3,146,545	32,052	SH		SOLE		32,052	0	0
OneSpaWorld Holdings Ltd	COM	P73684113	8,989,652	584,883	SH		SOLE		584,883	0	0
Option Care Health Inc	COM	68404L201	2,095,173	75,638	SH		SOLE		75,638	0	0
Oracle Corp	COM	68389X105	26,016,100	184,250	SH		SOLE		182,746	0	1,504
PACCAR Inc	COM	693718108	231,199,943	2,245,968	SH		SOLE		2,166,870	0	79,098
Pan Pacific International Hold	COM	69807K105	3,144,900	133,033	SH		SOLE		131,427	0	1,606
Parker-Hannifin Corp	COM	701094104	84,156,139	166,379	SH		SOLE		162,621	0	3,758
Paychex Inc	COM	704326107	9,354,147	78,898	SH		SOLE		78,898	0	0
PayPal Holdings Inc	COM	70450Y103	9,296,406	160,200	SH		SOLE		160,200	0	0
PepsiCo Inc	COM	713448108	36,058,316	218,628	SH		SOLE		218,567	0	61
Pfizer Inc	COM	717081103	5,719,923	204,429	SH		SOLE		204,429	0	0
Ping An Insurance Group Co of	COM	72341E304	2,275,708	250,905	SH		SOLE		247,554	0	3,351
Power Integrations Inc	COM	739276103	5,072,772	72,272	SH		SOLE		72,272	0	0
Primo Water Corp	COM	74167P108	3,727,305	170,508	SH		SOLE		170,508	0	0
Procter & Gamble Co	COM	742718109	10,721,449	65,010	SH		SOLE		65,010	0	0
Progressive Corp	COM	743315103	92,135,421	443,577	SH		SOLE		433,975	0	9,602
Prudential Financial Inc	COM	744320102	1,766,522	15,074	SH		SOLE		15,074	0	0
Prudential PLC - Spons ADR	COM	74435K204	2,449,018	133,680	SH		SOLE		132,084	0	1,596
PulteGroup Inc	COM	745867101	235,614	2,140	SH		SOLE		2,140	0	0
QUALCOMM Inc	COM	747525103	17,798,725	89,360	SH		SOLE		88,466	0	894
Regeneron Pharmaceuticals Inc	COM	75886F107	8,017,257	7,628	SH		SOLE		7,628	0	0
Revolve Group Inc	COM	76156B107	3,152,455	198,143	SH		SOLE		198,143	0	0
RLI Corp	COM	749607107	347,223	2,468	SH		SOLE		2,468	0	0
Ross Stores Inc	COM	778296103	180,238,504	1,240,287	SH		SOLE		1,187,116	0	53,171
S&P Global Inc	COM	78409V104	1,771,958	3,973	SH		SOLE		3,075	0	898
Saia Inc	COM	78709Y105	3,246,989	6,846	SH		SOLE		6,846	0	0
SAP SE - Spons ADR	COM	803054204	2,948,597	14,618	SH		SOLE		14,488	0	130
Scotts Miracle-Gro Co/The	COM	810186106	4,875,661	74,941	SH		SOLE		74,941	0	0
Shake Shack Inc	COM	819047101	3,436,290	38,181	SH		SOLE		38,181	0	0
Shell PLC - Spons ADR	COM	780259305	2,405,759	33,330	SH		SOLE		32,863	0	467
Shin-Etsu Chemical Co Ltd - Un	COM	824551105	2,331,886	119,953	SH		SOLE		118,504	0	1,449
Shiseido Co Ltd - Spons ADR	COM	824841407	2,006,647	70,310	SH		SOLE		69,459	0	851
Siemens AG - Spons ADR	COM	826197501	2,569,224	27,552	SH		SOLE		27,227	0	325
Sika AG - Unspons ADR	COM	82674R103	2,061,083	72,268	SH		SOLE		71,398	0	870
Simply Good Foods Co/The	COM	82900L102	5,568,356	154,120	SH		SOLE		154,120	0	0
Solventum Corp	COM	83444M101	257,790	4,875	SH		SOLE		4,875	0	0
Sony Group Corp - Spons ADR	COM	835699307	2,600,065	30,607	SH		SOLE		30,241	0	366
Southern Copper Corp	COM	84265V105	3,460,285	32,117	SH		SOLE		31,707	0	410
Starbucks Corp	COM	855244109	48,635,219	624,730	SH		SOLE		611,930	0	12,800
STMicroelectronics NV - Spons	COM	861012102	2,567,262	65,358	SH		SOLE		64,777	0	581
Summit Materials Inc	COM	86614U100	6,980,392	190,669	SH		SOLE		190,669	0	0
Symrise AG - Unspons ADR	COM	87155N109	1,815,070	59,491	SH		SOLE		58,773	0	718
T-Mobile US Inc	COM	872590104	11,768,824	66,800	SH		SOLE		66,800	0	0
Taiwan Semiconductor Mfg Co Lt	COM	874039100	4,384,705	25,227	SH		SOLE		24,983	0	244
Target Corp	COM	87612E106	7,232,198	48,853	SH		SOLE		48,423	0	430
TE Connectivity Ltd	COM	H84989104	12,412,238	82,512	SH		SOLE		80,544	0	1,968
Teledyne Technologies Inc	COM	879360105	64,741,776	166,869	SH		SOLE		159,490	0	7,379
Tencent Holdings Ltd - Unspons	COM	88032Q109	3,283,895	69,339	SH		SOLE		68,403	0	936
Texas Capital Bancshares Inc	COM	88224Q107	2,781,625	45,496	SH		SOLE		45,496	0	0
Texas Instruments Inc	COM	882508104	122,009,714	627,203	SH		SOLE		617,157	0	10,046
Thermo Fisher Scientific Inc	COM	883556102	285,348	516	SH		SOLE		516	0	0
Thor Industries Inc	COM	885160101	66,651,633	713,233	SH		SOLE		687,138	0	26,095
TJX Cos Inc	COM	872540109	102,760,153	933,335	SH		SOLE		910,291	0	23,043
Toray Industries Inc - Unspons	COM	890880206	2,722,007	286,829	SH		SOLE		283,359	0	3,470
Transocean Ltd	COM	H8817H100	14,846,250	2,775,000	SH		SOLE		2,775,000	0	0
Travelers Cos Inc	COM	89417E109	733,244	3,606	SH		SOLE		3,606	0	0
Treasury Wine Estates Ltd - Sp	COM	89465J109	2,458,095	296,156	SH		SOLE		292,535	0	3,621
U.S. Bancorp	COM	902973304	82,205,797	2,070,675	SH		SOLE		2,035,409	0	35,266
Union Pacific Corp	COM	907818108	27,639,017	122,156	SH		SOLE		121,714	0	442
United Parcel Service Inc	COM	911312106	14,089,802	102,958	SH		SOLE		102,457	0	501
UnitedHealth Group Inc	COM	91324P102	19,627,899	38,542	SH		SOLE		38,117	0	425
Verisk Analytics Inc	COM	92345Y106	352,032	1,306	SH		SOLE		1,306	0	0
Vertex Pharmaceuticals Inc	COM	92532F100	6,862,061	14,640	SH		SOLE		14,525	0	115
Visa Inc	COM	92826C839	99,829,234	380,345	SH		SOLE		372,344	0	8,002
Wal-Mart de Mexico SAB de CV -	COM	93114W107	3,591,662	105,575	SH		SOLE		104,578	0	997
Walmart Inc	COM	931142103	214,099	3,162	SH		SOLE		3,162	0	0
Waste Management Inc	COM	94106L109	698,689	3,275	SH		SOLE		3,275	0	0
Waters Corp	COM	941848103	68,131,021	234,837	SH		SOLE		224,580	0	10,258
Wells Fargo & Co	COM	949746101	5,508,957	92,759	SH		SOLE		92,759	0	0
Western Alliance Bancorp	COM	957638109	2,870,120	45,688	SH		SOLE		45,688	0	0
WillScot Mobile Mini Holdings	COM	971378104	5,913,997	157,120	SH		SOLE		157,120	0	0
Worldline SA/France - Unspons	COM	98161H101	1,583,980	294,420	SH		SOLE		290,881	0	3,539
WR Berkley Corp	COM	084423102	74,852,153	952,560	SH		SOLE		912,187	0	40,373
WW Grainger Inc	COM	384802104	4,863,074	5,390	SH		SOLE		5,390	0	0
ARK Innovation ETF	ETF	00214Q104	295,784	6,730	SH		SOLE		6,730	0	0
Distillate Small/Mid Cash Flow	ETF	26922B667	1,804,071	51,967	SH		SOLE		51,967	0	0
Distillate US Fundamental Stab	ETF	26922A321	53,068,911	1,032,670	SH		SOLE		1,032,670	0	0
Energy Select Sector SPDR Fund	ETF	81369Y506	19,728,688	216,442	SH		SOLE		216,442	0	0
First Trust TCW Unconstrained	ETF	33740F888	4,775,721	195,326	SH		SOLE		195,326	0	0
Franklin FTSE Japan ETF	ETF	35473P744	20,983,008	729,590	SH		SOLE		729,590	0	0
Global X MLP ETF	ETF	37954Y343	8,270,269	170,521	SH		SOLE		170,521	0	0
Invesco BuyBack Achievers ETF	ETF	46137V308	2,395,726	23,058	SH		SOLE		23,058	0	0
Invesco Optimum Yield Diversif	ETF	46090F100	7,206,210	512,897	SH		SOLE		512,897	0	0
Invesco S&P 500 Quality ETF	ETF	46137V241	78,545,339	1,236,156	SH		SOLE		1,236,156	0	0
iShares 20 Year Treasury Bond	ETF	464287432	266,988	2,909	SH		SOLE		2,909	0	0
iShares 3-7 Year Treasury Bond	ETF	464288661	28,740,252	248,898	SH		SOLE		248,898	0	0
iShares 7-10 Year Treasury Bon	ETF	464287440	15,235,076	162,681	SH		SOLE		162,681	0	0
iShares Aaa - A Rated Corporat	ETF	46429B291	48,587,775	1,036,871	SH		SOLE		1,036,871	0	0
iShares Core MSCI EAFE ETF	ETF	46432F842	332,764	4,581	SH		SOLE		4,581	0	0
iShares Core S&P 500 ETF	ETF	464287200	4,053,333	7,407	SH		SOLE		7,407	0	0
iShares Core S&P Mid-Cap ETF	ETF	464287507	20,195,076	345,097	SH		SOLE		344,682	0	415
iShares Core S&P Small-Cap ETF	ETF	464287804	13,339,860	125,069	SH		SOLE		124,605	0	464
iShares Core S&P U.S. Growth E	ETF	464287671	593,164	4,653	SH		SOLE		4,653	0	0
iShares Core U.S. Aggregate Bo	ETF	464287226	19,305,767	198,885	SH		SOLE		198,885	0	0
iShares Currency Hedged MSCI E	ETF	46434V639	5,365,535	147,905	SH		SOLE		147,905	0	0
iShares Edge MSCI USA Quality	ETF	46432F339	1,393,743	8,162	SH		SOLE		8,162	0	0
iShares Global Energy ETF	ETF	464287341	3,242,471	78,113	SH		SOLE		78,113	0	0
iShares iBoxx High Yield Corpo	ETF	464288513	455,126	5,900	SH		SOLE		5,900	0	0
iShares Intermediate Governmen	ETF	464288612	277,893	2,679	SH		SOLE		2,679	0	0
iShares MBS ETF	ETF	464288588	6,999,044	76,234	SH		SOLE		76,234	0	0
iShares MSCI Emerging Markets	ETF	464286426	24,896,155	343,490	SH		SOLE		343,490	0	0
iShares MSCI International Qua	ETF	46434V456	14,360,950	367,758	SH		SOLE		367,758	0	0
iShares Russell 1000 Growth ET	ETF	464287614	1,050,882	2,883	SH		SOLE		2,883	0	0
iShares Russell 2000 ETF	ETF	464287655	245,700	1,211	SH		SOLE		1,211	0	0
iShares Russell 2000 Growth ET	ETF	464287648	284,057	1,082	SH		SOLE		1,082	0	0
iShares Russell Mid-Cap Growth	ETF	464287481	345,175	3,128	SH		SOLE		3,128	0	0
iShares S&P 100 ETF	ETF	464287101	264,829	1,002	SH		SOLE		1,002	0	0
iShares Short Treasury Bond ET	ETF	464288679	491,283	4,446	SH		SOLE		4,446	0	0
iShares Treasury Floating Rate	ETF	46434V860	38,157,720	753,212	SH		SOLE		753,212	0	0
Janus Henderson Mortgage-Backe	ETF	47103U852	78,630,615	1,761,044	SH		SOLE		1,761,044	0	0
JPMorgan BetaBuilders Japan ET	ETF	46641Q217	4,090,611	72,490	SH		SOLE		72,490	0	0
Madison Aggregate Bond ETF	ETF	557441300	51,588,209	2,556,973	SH		SOLE		2,556,973	0	0
Madison Covered Call ETF	ETF	557441409	70,338,430	3,726,184	SH		SOLE		3,726,184	0	0
Madison Dividend Value ETF	ETF	557441508	53,608,969	2,676,714	SH		SOLE		2,676,714	0	0
Madison Short-Term Strategic I	ETF	557441201	58,936,600	2,906,144	SH		SOLE		2,906,144	0	0
Schwab Fundamental U.S. Large	ETF	808524771	1,457,485	21,760	SH		SOLE		21,760	0	0
Schwab Intermediate-Term U.S.	ETF	808524854	47,985,437	983,913	SH		SOLE		983,913	0	0
Schwab US Dividend Equity ETF	ETF	808524797	3,711,174	47,726	SH		SOLE		47,726	0	0
Schwab US TIPS ETF	ETF	808524870	5,354,898	102,959	SH		SOLE		102,959	0	0
SPDR Bloomberg 1-3 Month T-Bil	ETF	78468R663	401,170	4,371	SH		SOLE		4,371	0	0
SPDR Portfolio Long Term Treas	ETF	78464A664	5,604,026	205,879	SH		SOLE		205,879	0	0
SPDR Portfolio Short Term Trea	ETF	78468R101	17,661,453	611,758	SH		SOLE		611,758	0	0
SPDR S&P 500 ETF Trust	ETF	78462F103	25,868,383	47,533	SH		SOLE		47,436	0	97
SPDR S&P Dividend ETF	ETF	78464A763	2,008,554	15,793	SH		SOLE		15,793	0	0
SPDR S&P MidCap 400 ETF Trust	ETF	78467Y107	8,832,685	16,507	SH		SOLE		16,306	0	201
SPDR S&P North American Natura	ETF	78463X152	210,793	3,870	SH		SOLE		3,870	0	0
Vanguard Dividend Appreciation	ETF	921908844	14,179,206	77,673	SH		SOLE		77,673	0	0
Vanguard Extended Duration Tre	ETF	921910709	2,571,699	35,032	SH		SOLE		35,032	0	0
Vanguard FTSE All-World ex-US	ETF	922042775	9,730,475	165,936	SH		SOLE		165,936	0	0
Vanguard FTSE Europe ETF	ETF	922042874	18,191,687	272,453	SH		SOLE		272,453	0	0
Vanguard Health Care ETF	ETF	92204A504	2,675,428	10,058	SH		SOLE		10,058	0	0
Vanguard Information Technolog	ETF	92204A702	41,634,987	72,209	SH		SOLE		72,209	0	0
Vanguard Large-Cap ETF	ETF	922908637	11,581,849	46,398	SH		SOLE		46,398	0	0
Vanguard Short-Term Bond ETF	ETF	921937827	484,130	6,312	SH		SOLE		6,312	0	0
Vanguard Short-Term Corporate	ETF	92206C409	5,661,398	73,263	SH		SOLE		73,263	0	0
WisdomTree Europe Hedged Equit	ETF	97717X701	15,103,938	334,084	SH		SOLE		334,084	0	0
Vanguard Information Technolog	ETF	92204A702	50,985,249	97,237	SH		SOLE		97,237	0	0
Vanguard Large-Cap ETF	ETF	922908637	11,516,009	48,031	SH		SOLE		48,031	0	0
Vanguard Short-Term Bond ETF	ETF	921937827	483,941	6,312	SH		SOLE		6,312	0	0
Vanguard Short-Term Corporate	ETF	92206C409	483,961	6,260	SH		SOLE		6,260	0	0