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MADRONE ADVISORS, LLC

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13F filer, CIK 1964563, Denver, CO

MADRONE ADVISORS, LLC reported $2,032,120,052 across 6 holdings for the quarter ended 2025-09-30, in a 13F-HR filed 2025-11-14.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001964563-25-000008

Period
2025-09-30
Reported value
$2.03B
Holdings
6
Top 10 weight
100%
New
2
Sold out
1

Largest buys vs the previous quarter

SecurityShares changeApprox. value
STUBnew+75,780,055$1.28B
FIGnew+538,956$28M

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
QXOreduced-1,399,526-$26.7M
PACBreduced-11,786,127-$15.1M
OPRTexited-16,587-$119K

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, Q3 2025

Share positions as resolved from 13F-HR 0001964563-25-000008, largest first. % of portfolio is the value over $2,032,120,052, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
STUBSTUBHUB HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 75,780,055 shares 75,780,055$1.28B62.8%newTimeline
STNESTONECO LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 25,339,276 shares; 2024Q4: 25,339,276 shares; 2025Q1: 25,339,276 shares; 2025Q2: 25,339,276 shares; 2025Q3: 25,339,276 shares 25,339,276$479M23.58%0Timeline
QXOQXO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 10,940,920 shares; 2024Q4: 10,940,920 shares; 2025Q1: 10,940,920 shares; 2025Q2: 10,940,920 shares; 2025Q3: 9,541,394 shares 9,541,394$182M8.95%-1,399,526Timeline
VTVANGUARD INTL EQUITY INDEX FQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 972,764 shares; 2024Q4: 793,774 shares; 2025Q1: 1,262,533 shares; 2025Q2: 440,016 shares; 2025Q3: 440,016 shares 440,016$60.6M2.98%0Timeline
FIGFIGMA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 538,956 shares 538,956$28M1.38%newTimeline
PACBPACIFIC BIOSCIENCES CALIF INQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 23,391,915 shares; 2024Q4: 23,391,915 shares; 2025Q1: 23,391,915 shares; 2025Q2: 16,762,216 shares; 2025Q3: 4,976,089 shares 4,976,089$6.37M0.31%-11,786,127Timeline

Sold out in Q3 2025

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

SecurityShares beforeValue beforeType
OPRTOPORTUN FINL CORP16,587$119Kshares

How Q3 2025 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 0001964563-25-000008 base2025-11-14acceptance time not in the bulk data set