Madison Asset Management Boosts Vanguard Financials ETF Holdings

Investment firm increases stake in major financial sector ETF by 18.2% in Q3 2025.

Published on Feb. 12, 2026

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Madison Asset Management LLC, a Wisconsin-based investment management firm, increased its holdings in the Vanguard Financials ETF (VFH) by 18.2% in the third quarter of 2025. The firm now owns 62,208 shares of the ETF, valued at $8.16 million.

Why it matters

The Vanguard Financials ETF provides exposure to a broad range of financial sector companies, making it a popular investment for those looking to gain exposure to the financial industry. Madison Asset Management's increased stake in the fund suggests the firm sees continued growth potential in the financial sector.

The details

According to a regulatory filing, Madison Asset Management purchased an additional 9,583 shares of the Vanguard Financials ETF during the third quarter, bringing its total holdings to 62,208 shares. The ETF tracks the MSCI US Investable Market Financials Index, which includes large, mid, and small-cap U.S. companies in the financials sector.

  • Madison Asset Management increased its VFH holdings in Q3 2025.

The players

Madison Asset Management LLC

A Wisconsin-based investment management firm that manages a portfolio of financial sector investments.

Vanguard Financials ETF (VFH)

An exchange-traded fund that tracks the MSCI US Investable Market Financials Index, providing exposure to a broad range of financial sector companies.

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The takeaway

Madison Asset Management's increased stake in the Vanguard Financials ETF suggests the firm sees continued growth potential in the financial sector, underscoring the ETF's popularity as a way for investors to gain broad exposure to the industry.