Funds · 13F filer · Denver, CO

Madrone Advisors, LLC

$1.4B in 6 U.S. stocks and ETFs at the end of June 30, 2026, as reported to the SEC.1

1y return−20.1%S&P 500 +20.9%
3y return−25.4%S&P 500 +68.5%

These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.

$100 invested in its stock picks

Since December 31, 2022: $99 against $195 in the S&P 500.2

Madrone Advisors, LLCS&P 500 (SPY)
$70$100$19520222026

Top holdings

At the end of June 30, 2026. Change is in shares since the quarter before.2

StockValueShare of portfolioChange
STUBStubhub Hldgs Inc$975.3M69.9%
Stoneco LtdCUSIP G85158106$274.7M19.7%
QXOQxo Inc$72.8M5.2%
VTVanguard Intl Equity Index F$40.3M2.9%−65.8%
COFCapital One Finl Corp$22.0M1.6%New
FIGFigma Inc$9.7M0.7%

Best picks still held

How each current holding has done since the quarter it first appeared in its filings (up to six years back).

StockHeld sinceReturn sinceNow worth
VTVanguard Intl Equity Index FDecember 31, 2022+82.1%$40.3M
Stoneco LtdCUSIP G85158106December 31, 2022+14.8%$274.7M
QXOQxo IncSeptember 30, 2024+9.6%$72.8M
STUBStubhub Hldgs IncSeptember 30, 2025−23.6%$975.3M
FIGFigma IncSeptember 30, 2025−65.1%$9.7M

Quarter by quarter

QuarterIts picksS&P 500
June 30, 2026+41.1%+14.8%
March 31, 2026−35.8%−4.6%
December 31, 2025−17.5%+2.4%
September 30, 2025+7.0%+7.8%
June 30, 2025+41.5%+10.5%
March 31, 2025+3.4%−4.6%
December 31, 2024−12.8%+2.1%
September 30, 2024+0.9%+5.4%
June 30, 2024−21.5%+4.0%
March 31, 2024−16.4%+10.0%
December 31, 2023+45.3%+11.2%
September 30, 2023−23.9%−3.6%
June 30, 2023+20.5%+8.3%
March 31, 2023+9.6%+7.0%

Sources

Every number on this page points here. Each one links to the public record.

  1. 1
    CIK 1964563
  2. 2
    Filed August 13, 2026 · accession 0001964563-26-000009