Mader & Shannon Wealth Management, Inc.

RIA/Wealth

Mader & Shannon Wealth Management, Inc. is a RIA/Wealth based in Kansas City, MO led by James W Mader, reporting $221.3M in AUM as of Q3 2025 with 42% ETF concentration and 79% concentrated in top 10 holdings.

CEOJames W Mader

Portfolio Value: $204.0M
Positions: 23
Top Holding: IAU at 14.46%
Last Reported: Q3 2025

Address4717 Grand Ave., Ste 800, Kansas City, MO, 64112, United States

Top Holdings

Largest long holdings in Mader & Shannon Wealth Management, Inc.'s portfolio (79.1% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 IAU iShares Gold Trust IAU	Unknown Unknown	$29.5M	14.46%	+$462.5K Bought	— 405.4K shares	Q1 2023 Held for 2y 8m
2 GLD SPDR Gold Trust GLD	Unknown Unknown	$29.5M	14.45%	+$443.6K Bought	— 83.0K shares	Q1 2023 Held for 2y 8m
3 iShares 1-3 Year Treasury Bond SHY	ETF ETF	$27.8M	13.65%	-$9.0M Sold	— 335.6K shares	Q2 2025 Held for 5 months
4 Invesco Variable Rate Preferred VRP	ETF ETF	$21.2M	10.37%	+$21.2M New	— 856.8K shares	Q3 2025 Held for 2 months
5 Invesco Preferred PGX	ETF ETF	$14.4M	7.08%	+$14.4M Bought	— 1.2M shares	Q3 2025 Held for 2 months
6 VanEck Gold Miners GDX	ETF ETF	$11.7M	5.72%	+$299.9K Bought	— 152.8K shares	Q4 2019 Held for 5y 11m
7 Martin Marietta Materials MLM	Construction Materials Basic Materials	$7.3M	3.58%	+$146.2K Bought	0.02% 11.6K shares	Q2 2019 Held for 6y 5m
8 Thermo Fisher Scientific TMO	Medical - Diagnostics & Research Healthcare	$7.1M	3.49%	+$116.4K Bought	0.00% 14.7K shares	Q4 2018 Held for 6y 11m
9 CDW CDW	Information Technology Services Technology	$7.1M	3.49%	+$125.5K Bought	0.03% 44.6K shares	Q1 2020 Held for 5y 8m
10 Knight-Swift Transportation Holdings Inc. KNX	Trucking Industrials	$5.6M	2.77%	+$36.1K Bought	0.09% 142.9K shares	Q1 2017 Held for 8y 8m

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in Mader & Shannon Wealth Management, Inc.'s latest filing

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Market Value

$204.0M

Prior: $183.6M

Q/Q Change

+11.13%

+$20.4M

Net Flows % of MV

-5.77%

Turnover Ratio

18.04%

New Purchases

1 stocks

$21.2M

Added To

18 stocks

+$2.5M

Sold Out Of

1 stocks

$2.3M

Reduced Holdings

3 stocks

-$33.1M

Increased Positions

Position	Shares Δ	Change
1 Invesco Variable Rate Preferred VRP	New	0 → 856.8K +$21.2M
2 iShares U.S. Home Construction ITB	+4.65%	35.0K → 36.6K +$174.5K
3 Materials Select Sector Fund XLB	+4.23%	21.8K → 22.7K +$82.5K
4 D.R. Horton DHI	+4.08%	22.6K → 23.6K +$156.4K
5 First Solar FSLR	+4.01%	19.9K → 20.7K +$175.8K

Decreased Positions

Position	Shares Δ	Change
1 Freeport-McMoRan Inc. FCX	Sold	53.7K → 0 −$2.3M
2 iShares 0-3 Month Treasury Bond SGOV	-90.82%	188.1K → 17.3K −$17.2M
3 iShares Short Treasury Bond SHV	-68.92%	91.6K → 28.5K −$7.0M
4 iShares 1-3 Year Treasury Bond SHY	-24.34%	443.6K → 335.6K −$9.0M