Madrone Advisors, LLC

Concentrated strategySector-focusedMomentum follower

Total reported value

$1.0B

Reporting period: 2026-03-31 · Number of holdings: 5

MADRONE ADVISORS, LLC disclosed 5 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $1.0B and a quarterly turnover rate of 45.4%.

Personality snowflake

Concentration: 100
Portfolio Stability: 45.42
Momentum/Contrarian: 100
Sector conviction: 100
Diversification: 10
Sizing Uniformity: 90.33

Recent moves

Trim STUB
0.0%　-$552.4M
Add STNE
0.0%　-$17.0M
Add VT
+7.9%　$5.7M
Add QXO
-17.6%　-$16.8M
Trim FIG
0.0%　-$8.7M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	STUB	Stubhub Holdings Inc-class A	Stock-Other	46.01%	-17.40%	—
2	STNE	StoneCo Ltd.	Stock-Other	34.81%	+11.63%	—
3	VT	Vanguard Tot World Stk ETF	ETF-Other	10.11%	+4.04%	+7.93%
4	QXO	Qxo INC	Stock-Industrials	7.96%	+1.86%	-17.59%
5	FIG	Figma Inc-cl A	Stock-Other	1.11%	-0.14%	—

Portfolio Performance

Performance for Q3 2026

+12.6%

Performance Last 4 Quarters

-5.9%

Stdev: +48.9%
Beta: +2.03
Alpha: -38.5%
Max Drawdown: -46.3%
Annualized Perf: -11.3%
Batting Avg vs S&P: +36.1%
Sortino: -0.03
Stutzer: -0.01
Treynor: 0
Sterling: -0.27
Calmar: -0.24
Information Ratio: -0.45
Tracking Error: +43.2%
Stdev Down: +30.5%
Winning Months %: +44.4%
Losing Months %: +55.6%
Best 12 Months: +69.7%
Worst 12 Months: -44.4%
Efficiency Ratio: +0.08
Sharpe: -0.02
Stdev Sectors: 0%
Skewness: +0.97
Kurtosis: +2.15
Upside Potential: +2.09

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-03-31	5	$1.0B	45	1STUB 2STNE 3VT Top holdings2026-03-31 1.STUB 2.STNE 3.VT 4.QXO 5.FIG
2025-12-31	5	$1.6B	27	1STUB 2STNE 3QXO Top holdings2025-12-31 1.STUB 2.STNE 3.QXO 4.VT 5.FIG
2025-09-30	6	$2.0B	100	1STUB 2STNE 3QXO Top holdings2025-09-30 1.STUB 2.STNE 3.QXO 4.VT 5.FIG 6.PACB
2025-06-30	5	$719.6M	0	1STNE 2QXO 3VT Top holdings2025-06-30 1.STNE 2.QXO 3.VT 4.PACB 5.OPRT
2025-03-31	6	$597.0M	0	1STNE 2QXO 3VT Top holdings2025-03-31 1.STNE 2.QXO 3.VT 4.PACB 5.ILMN 6.OPRT
2024-12-31	6	$524.8M	0	1STNE 2QXO 3VT Top holdings2024-12-31 1.STNE 2.QXO 3.VT 4.PACB 5.ILMN 6.OPRT
2024-09-30	6	$626.2M	0	1STNE 2QXO 3VT Top holdings2024-09-30 1.STNE 2.QXO 3.VT 4.PACB 5.ILMN 6.OPRT
2024-06-30	6	$569.5M	0	1STNE 2VT 3PACB Top holdings2024-06-30 1.STNE 2.VT 3.PACB 4.ILMN 5.OPRT 6.GRAL
2024-03-31	6	$729.9M	0	1STNE 2VT 3PACB Top holdings2024-03-31 1.STNE 2.VT 3.PACB 4.ILMN 5.OPRT 6.HLTHQ
2023-12-31	6	$802.7M	0	1STNE 2PACB 3VT Top holdings2023-12-31 1.STNE 2.PACB 3.VT 4.ILMN 5.OPRT 6.HLTHQ
2023-09-30	8	$465.2M	0	1STNE 2PACB 3VT Top holdings2023-09-30 1.STNE 2.PACB 3.VT 4.UBER 5.ILMN 6.OPRT 7.92671V 8.HLTHQ
2023-06-30	7	$572.8M	0	1STNE 2PACB 3ILMN Top holdings2023-06-30 1.STNE 2.PACB 3.ILMN 4.OPRT 5.VT 6.92671V 7.HLTHQ
2023-03-31	7	$542.7M	0	1STNE 2PACB 3ILMN Top holdings2023-03-31 1.STNE 2.PACB 3.ILMN 4.VT 5.92671V 6.HLTHQ 7.OPRT
2022-12-31	7	$518.6M	0	1STNE 2PACB 3VT Top holdings2022-12-31 1.STNE 2.PACB 3.VT 4.ILMN 5.92671V 6.HLTHQ 7.OPRT

Holding changes this quarter

Madrone Advisors, LLC's most significant position changes for 2026-03-31: Add: Vanguard Tot World Stk ETF (VT) — shares +7.93%; Trim: Qxo INC (QXO) — shares -17.59%.

Position changes disclosed by Madrone Advisors, LLC for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	STNE	StoneCo Ltd.	+11.6%	—	Unchanged
2	VT	Vanguard Tot World Stk ETF	+4%	+7.93%	Add
3	QXO	Qxo INC	+1.9%	-17.59%	Trim
4	FIG	Figma Inc-cl A	-0.1%	—	Unchanged
5	STUB	Stubhub Holdings Inc-class A	-17.4%	—	Unchanged

FAQ

What is Madrone Advisors, LLC and what type of investor is it?

Madrone Advisors, LLC is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $1.0B, spread across 5 disclosed positions.

What are Madrone Advisors, LLC's largest equity positions?

Based on the latest 13F filing, Madrone Advisors, LLC's top holdings by market value are: 1. Stubhub Holdings Inc-class A (STUB) — $472.9M (46.0%) 2. StoneCo Ltd. (STNE) — $357.8M (34.8%) 3. Vanguard Tot World Stk ETF (VT) — $103.9M (10.1%) 4. Qxo INC (QXO) — $81.9M (8.0%) 5. Figma Inc-cl A (FIG) — $11.4M (1.1%)

What changes did Madrone Advisors, LLC make in its most recent portfolio filing?

In the latest reported quarter, Madrone Advisors, LLC made 2 notable position adjustments: 0 new positions were initiated, 1 existing holdings were added to, 1 positions were partially reduced, and 0 were completely exited. The largest of these moves: Add: Vanguard Tot World Stk ETF (VT) — shares +7.93%; Trim: Qxo INC (QXO) — shares -17.59%

What sectors does Madrone Advisors, LLC focus on?

Madrone Advisors, LLC is concentrated in the following sectors based on its current disclosed equity portfolio: • Industrials: 100.0%