Mader & Shannon Wealth Management, Inc. — 13F holdings

Mader & Shannon Wealth Management, Inc. reported 21 holdings worth $214M in its 13F filing for Q2 2026, filed July 7, 2026.

Largest positions

1. SGOV ISHARES TR — $33.9M (15.8%)
2. IAU ISHARES GOLD TR — $25.2M (11.8%)
3. GLD SPDR GOLD TR — $25.0M (11.7%)
4. SHY ISHARES TR — $20.7M (9.7%)
5. VRP INVESCO EXCH TRADED FD TR II — $17.6M (8.2%)
6. KNX KNIGHT-SWIFT TRANSN HLDGS IN — $13.4M (6.2%)
7. TMO THERMO FISHER SCIENTIFIC INC — $9.25M (4.3%)
8. SHV ISHARES TR — $8.47M (4.0%)
9. MLM MARTIN MARIETTA MATLS INC — $7.88M (3.7%)
10. GDX VANECK ETF TRUST — $6.73M (3.1%)