Madrone Advisors, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 13, 2025), Madrone Advisors, LLC reported 5 stock positions worth $719.6 million. Its top holding was Stoneco Class A (STNE) at 56.5% of the portfolio, followed by Qxo (QXO, 32.8%) and Vanguard Tot World STK ETF (VT, 7.9%). Compared with Q1 2025, it sold out of 1 and reduced 3. The biggest sale was Vanguard Tot World STK ETF (VT, shares −65%).
- Most Recent 13F
- Q2 2026
- Location
- Denver, CO
- CIK
- 0001964563
- Portfolio Value
- $719.6M (Q2 2025)
- SEC Filing
- 0001415889-25-021657 ↗ filed Aug 13, 2025
Holdings Value
Holdings 5 stocks · $719.6M
| STNE Stoneco Ltd. Class A | 56.48% | 25,339,276 | $406.4M | No change |
| QXO Qxo Inc. | 32.75% | 10,940,920 | $235.7M | No change |
| VT Vanguard Tot World STK ETF | 7.86% | 440,016 | $56.6M | Reduce -65.2% |
| PACB Pacific Biosciences of Calif | 2.89% | 16,762,216 | $20.8M | Reduce -28.3% |
| OPRT Oportun Financial Corp. | 0.02% | 16,587 | $119K | Reduce -96.9% |
Portfolio Sells Q1 2025 → Q2 2025
Portfolio Buys Q1 2025 → Q2 2025
| None this quarter. | |||
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 6 | $1.4B | STUB, STNE, QXO, VT, COF |
| Q1 2026 | 5 | $1.0B | STUB, STNE, VT, QXO, FIG |
| Q4 2025 | 5 | $1.6B | STUB, STNE, QXO, VT, FIG |
| Q3 2025 | 6 | $2.0B | STUB, STNE, QXO, VT, FIG |
| Q2 2025 | 5 | $719.6M | STNE, QXO, VT, PACB, OPRT |
| Q1 2025 | 6 | $597.0M | STNE, QXO, VT, PACB, ILMN |
| Q4 2024 | 6 | $524.8M | STNE, QXO, VT, PACB, ILMN |
| Q3 2024 | 6 | $626.2M | STNE, QXO, VT, PACB, ILMN |
| Q2 2024 | 6 | $569.5M | STNE, VT, PACB, ILMN, OPRT |
| Q1 2024 | 6 | $729.9M | STNE, VT, PACB, ILMN, OPRT |