Holders — by stockHoldings — by fund

MADRONE ADVISORS, LLC

Everything this manager disclosed owning in US-listed stocks — its complete Form 13F portfolio · as of 2026-06-30 · filed with the SEC up to 45 days after quarter end · CIK 0001964563

$1.39B

disclosed book value

positions

69.9%

largest position share

Positions, as of 2026-06-30

top 6 of 6 · 13F covers long US-listed positions only — cash, bonds, private and foreign stakes are not disclosed · PUT/CALL tags = options positions (share-equivalents), not shares held

#	Issuer	Shares	Value	% of book
1	STUBSTUBHUB HLDGS INC	75.8M	$975.3M	69.9%
2	STONECO LTD	25.3M	$274.7M	19.7%
3	QXOQXO INC	4.2M	$72.8M	5.2%
4	VTVANGUARD INTL EQUITY INDEX F	256,758	$40.3M	2.9%
5	COFCAPITAL ONE FINL CORP	109,506	$22.0M	1.6%
6	FIGFIGMA INC	538,956	$9.7M	0.7%

Source: SEC Form 13F-HR, reporting period 2026-06-30. Values are the manager's filed June-30-style quarter-end marks, not live prices. Research, not investment advice.