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Mader & Shannon Wealth Management, Inc.

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13F filer, CIK 1535862, KANSAS CITY, MO

Mader & Shannon Wealth Management, Inc. reported $216,074,501 across 20 holdings for the quarter ended 2026-03-31, in a 13F-HR filed 2026-04-13. Its ten largest share positions make up 80.49% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001535862-26-000003

Period
2026-03-31
Reported value
$216M
Holdings
20
Top 10 weight
80.49%
New
1
Sold out
4

Largest buys vs the previous quarter

SecurityShares changeApprox. value
SGOVadded+317,927$32M
IEOnew+46,648$5.83M
SHVadded+48,804$5.39M
XLBadded+68,041$3.4M
TMOadded+3,507$1.72M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
PGXexited-1,245,561-$14.4M
CDWexited-44,645-$7.11M
SHYreduced-84,188-$6.95M
IAUreduced-72,434-$6.39M
GLDreduced-14,781-$6.36M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q1 2026

Share positions as resolved from 13F-HR 0001535862-26-000003, largest first. % of portfolio is the value over $216,074,501, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
SGOVISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 242,340 shares; 2024Q4: 208,170 shares; 2025Q1: 186,645 shares; 2025Q2: 188,087 shares; 2025Q3: 17,270 shares; 2025Q4: 17,270 shares; 2026Q1: 335,197 shares 335,197$33.7M15.62%+317,927Timeline
IAUISHARES GOLD TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 527,949 shares; 2024Q4: 511,310 shares; 2025Q1: 520,784 shares; 2025Q2: 399,009 shares; 2025Q3: 405,365 shares; 2025Q4: 405,365 shares; 2026Q1: 332,931 shares 332,931$29.4M13.58%-72,434Timeline
GLDSPDR GOLD TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 108,331 shares; 2024Q4: 105,199 shares; 2025Q1: 106,920 shares; 2025Q2: 81,711 shares; 2025Q3: 82,959 shares; 2025Q4: 82,959 shares; 2026Q1: 68,178 shares 68,178$29.3M13.58%-14,781Timeline
SHYISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 443,597 shares; 2025Q3: 335,645 shares; 2025Q4: 335,645 shares; 2026Q1: 251,457 shares 251,457$20.8M9.61%-84,188Timeline
VRPINVESCO EXCH TRADED FD TR IIQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 856,829 shares; 2025Q4: 856,829 shares; 2026Q1: 722,589 shares 722,589$17.3M8.02%-134,240Timeline
KNXKNIGHT-SWIFT TRANSN HLDGS INQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 126,163 shares; 2024Q4: 122,691 shares; 2025Q1: 141,284 shares; 2025Q2: 142,019 shares; 2025Q3: 142,933 shares; 2025Q4: 142,933 shares; 2026Q1: 168,719 shares 168,719$9.71M4.5%+25,786Timeline
TMOTHERMO FISHER SCIENTIFIC INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 13,281 shares; 2024Q4: 13,223 shares; 2025Q1: 14,381 shares; 2025Q2: 14,453 shares; 2025Q3: 14,693 shares; 2025Q4: 14,693 shares; 2026Q1: 18,200 shares 18,200$8.95M4.14%+3,507Timeline
SHVISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 188,671 shares; 2024Q4: 146,266 shares; 2025Q1: 90,701 shares; 2025Q2: 91,621 shares; 2025Q3: 28,475 shares; 2025Q4: 28,475 shares; 2026Q1: 77,279 shares 77,279$8.53M3.95%+48,804Timeline
GDXVANECK ETF TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 235,277 shares; 2024Q4: 227,744 shares; 2025Q1: 230,593 shares; 2025Q2: 148,887 shares; 2025Q3: 152,812 shares; 2025Q4: 152,812 shares; 2026Q1: 90,648 shares 90,648$8.32M3.85%-62,164Timeline
MLMMARTIN MARIETTA MATLS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 11,500 shares; 2024Q4: 11,182 shares; 2025Q1: 11,318 shares; 2025Q2: 11,369 shares; 2025Q3: 11,601 shares; 2025Q4: 11,601 shares; 2026Q1: 13,402 shares 13,402$7.89M3.65%+1,801Timeline
IEOISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 46,648 shares 46,648$5.83M2.7%newTimeline
VLOVALERO ENERGY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 6,110 shares; 2025Q1: 18,014 shares; 2025Q2: 18,109 shares; 2025Q3: 18,218 shares; 2025Q4: 18,218 shares; 2026Q1: 19,968 shares 19,968$4.93M2.28%+1,750Timeline
DINOHF SINCLAIR CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 52,469 shares; 2025Q1: 67,246 shares; 2025Q2: 67,557 shares; 2025Q3: 68,242 shares; 2025Q4: 68,242 shares; 2026Q1: 73,713 shares 73,713$4.6M2.13%+5,471Timeline
XLBSELECT SECTOR SPDR TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 8,154 shares; 2025Q1: 21,754 shares; 2025Q2: 21,763 shares; 2025Q3: 22,683 shares; 2025Q4: 22,683 shares; 2026Q1: 90,724 shares 90,724$4.53M2.1%+68,041Timeline
FSLRFIRST SOLAR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 8,466 shares; 2024Q4: 14,363 shares; 2025Q1: 19,858 shares; 2025Q2: 19,859 shares; 2025Q3: 20,656 shares; 2025Q4: 20,656 shares; 2026Q1: 22,897 shares 22,897$4.52M2.09%+2,241Timeline
PSXPHILLIPS 66Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 30,229 shares; 2025Q1: 20,219 shares; 2025Q2: 20,313 shares; 2025Q3: 20,661 shares; 2025Q4: 20,661 shares; 2026Q1: 24,429 shares 24,429$4.45M2.06%+3,768Timeline
MPCMARATHON PETE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 12,504 shares; 2024Q4: 15,397 shares; 2025Q1: 16,487 shares; 2025Q2: 16,568 shares; 2025Q3: 16,759 shares; 2025Q4: 16,759 shares; 2026Q1: 18,084 shares 18,084$4.42M2.04%+1,325Timeline
DHID R HORTON INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 21,071 shares; 2024Q4: 20,355 shares; 2025Q1: 22,579 shares; 2025Q2: 22,627 shares; 2025Q3: 23,550 shares; 2025Q4: 23,550 shares; 2026Q1: 31,356 shares 31,356$4.3M1.99%+7,806Timeline
ITBISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 34,955 shares; 2025Q3: 36,582 shares; 2025Q4: 36,582 shares; 2026Q1: 47,168 shares 47,168$4.27M1.98%+10,586Timeline
WMTWALMART INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 2,885 shares; 2025Q1: 2,894 shares; 2025Q2: 2,412 shares; 2025Q3: 2,432 shares; 2025Q4: 2,432 shares; 2026Q1: 2,468 shares 2,468$307K0.14%+36Timeline

Sold out in Q1 2026

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
PGXINVESCO EXCH TRADED FD TR II1,245,561$14.4Mshares
CDWCDW CORP44,645$7.11Mshares
AMZNAMAZON COM INC23,680$5.2Mshares
UNHUNITEDHEALTH GROUP INC14,951$5.16Mshares

How Q1 2026 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001535862-26-000003 base2026-04-13acceptance time not in the bulk data set