Mader & Shannon Wealth Management, Inc. reported 15 positions worth $106.87M for the quarter ended Sep 30, 2026, down 4.2% on the prior quarter. It opened 2 new positions, added to 9, trimmed 4 and exited 0. Its largest holding is Ishares Gold Trust at 24.9% of the portfolio.
Reported 13F market value at each quarter end. A change mixes trading with price moves in the positions held.
Dollar value of shares bought and sold each quarter, at that quarter’s price. It counts trading only, not price changes.
How many positions were opened, added to, trimmed or closed each quarter.
Share of reported value in each sector at every quarter end.
| Holding | Change | Change % | Trade Value | Weight |
|---|---|---|---|---|
| GLD Spdr Gold Trust | +1,472 | +2.2% | $560.60K | 24.72% |
| IAU Ishares Gold Trust | +7,096 | +2.1% | $554.20K | 24.94% |
| AAPL Apple Inc. | +690 | – | $229.87K | 0.215% |
| AMZN Amazon Com Inc | +864 | – | $215.27K | 0.201% |
| TMO Thermo Fisher Scientific Inc. | +316 | +1.7% | $213.32K | 11.86% |
| DHI Horton D R Inc | +948 | +2.9% | $129.54K | 4.26% |
| MLM Martin Marietta Materials Inc | +260 | +1.9% | $124.75K | 6.25% |
| FSLR First Solar, Inc. | +700 | +3.0% | $122.61K | 3.98% |
| KNX Knight-Swift Transportation Holdings Inc. | +1,713 | +1.0% | $108.93K | 10.31% |
| AMAT Applied Materials Inc | +39 | +9.1% | $19.94K | 0.224% |
No positions were closed this quarter.
| # | Activity | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1 | IAU Ishares Gold Trust | Others | 341.2K | $26.65M | 24.94% | +7,096 | +2.1% | Added | 0.04% |
| 2 | GLD Spdr Gold Trust | Financial Services | 69.4K | $26.41M | 24.72% | +1,472 | +2.2% | Added | 0.02% |
| 3 | TMO Thermo Fisher Scientific Inc. | Healthcare | 18.8K | $12.67M | 11.86% | +316 | +1.7% | Added | 0.01% |
| 4 | KNX Knight-Swift Transportation Holdings Inc. | Industrials | 173.3K | $11.02M | 10.31% | +1,713 | +1.0% | Added | 0.11% |
| 5 | MLM Martin Marietta Materials Inc | Basic Materials | 13.9K | $6.68M | 6.25% | +260 | +1.9% | Added | 0.02% |
| 6 | DHI Horton D R Inc | Consumer Discretionary | 33.4K | $4.56M | 4.26% | +948 | +2.9% | Added | 0.01% |
| 7 | FSLR First Solar, Inc. | Industrials | 24.3K | $4.25M | 3.98% | +700 | +3.0% | Added | 0.02% |
| 8 | MPC Marathon Petroleum Corp | Energy | 8,758 | $3.46M | 3.24% | -9,653 | -52.4% | Reduced | 0% |
| 9 | VLO Valero Energy Corp | Energy | 8,930 | $3.46M | 3.24% | -11.3K | -55.8% | Reduced | 0% |
| 10 | DINO HF Sinclair Corp | Energy | 31.5K | $3.38M | 3.16% | -43.1K | -57.8% | Reduced | 0.02% |
| 11 | PSX Phillips 66 | Energy | 13.2K | $3.36M | 3.14% | -11.8K | -47.2% | Reduced | 0% |
| 12 | WMT Walmart Inc. | Consumer Staples | 2,619 | $272.17K | 0.255% | +127 | +5.1% | Added | 0% |
| 13 | AMAT Applied Materials Inc | Technology | 469 | $239.84K | 0.224% | +39 | +9.1% | Added | 0% |
| 14 | AAPL Apple Inc. | Technology | 690 | $229.87K | 0.215% | +690 | – | New | 0% |
| 15 | AMZN Amazon Com Inc | Consumer Discretionary | 864 | $215.27K | 0.201% | +864 | – | New | 0% |
Tip. Select a row to see that position’s full history at Mader & Shannon Wealth Management.
As of its Q3 2026 13F filing, Mader & Shannon Wealth Management, Inc.’s five largest positions were Ishares Gold Trust (IAU) at 24.9%, Spdr Gold Trust (GLD) at 24.7%, Thermo Fisher Scientific Inc. (TMO) at 11.9%, Knight-Swift Transportation Holdings Inc. (KNX) at 10.3%, Martin Marietta Materials Inc (MLM) at 6.3% of the reported portfolio.
Mader & Shannon Wealth Management, Inc. reported a 13F portfolio worth $106.87M across 15 positions for Q3 2026. That is down 4.2% from the previous quarter.
Its largest purchases by value were Spdr Gold Trust ($560.60K), Ishares Gold Trust ($554.20K), Apple Inc. ($229.87K). It opened 2 new positions.
Its largest sales by value were HF Sinclair Corp ($4.63M), Valero Energy Corp ($4.38M), Marathon Petroleum Corp ($3.82M). It exited 0 positions entirely.
From the Form 13F-HR reports Mader & Shannon Wealth Management, Inc. files with the SEC each quarter, within 45 days of quarter end. A 13F lists long positions in US-listed equities and options; it excludes short positions, cash, bonds and most non-US holdings.
13F data reflects long positions in US-listed equities and options as reported to the SEC up to 45 days after quarter end. It excludes short positions, cash, bonds and most non-US securities, so it is not a complete picture of a manager’s assets.