Madrone Advisors, LLC Long-Term Concentrated

CIK: 0001964563 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 13, 2026

Total Value ($000): $1,617,048 (100.0% shares, 0.0% debt)

Holdings (5)

Increased Positions (1)

VT VANGUARD INTL EQUITY INDEX F 6.1%

Value ($000) $98,163 (+61.9%) Shares 695,893 (+58.2%) Est. Cost $120.37 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
VT	VANGUARD INTL EQUITY INDEX F	695,893 (+58.2%)	$98,163 (+61.9%)	6.1%	$120.37	—	TT WRLD ST ETF	922042742

Exited Positions (1)

PACB PACIFIC BIOSCIENCES CALIF IN 0.4%

Value ($000) $6,369 Shares 4,976,089 Est. Cost $6.96 Unrealized -72.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
PACB	PACIFIC BIOSCIENCES CALIF IN	4,976,089	$6,369	0.4%	$6.96	-72.4%	—	69404D108

Decreased Positions (1)

QXO QXO INC 6.1%

Value ($000) $98,672 (-45.7%) Shares 5,115,198 (-46.4%) Est. Cost $29.17 Unrealized -34.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
QXO	QXO INC	5,115,198 (-46.4%)	$98,672 (-45.7%)	6.1%	$29.17	-34.3%	COM NEW	82846H405

Unchanged Positions (3)

STUB STUBHUB HLDGS INC 63.4%

Value ($000) $1,025,304 Shares 75,780,055 Est. Cost $18.34 Unrealized -14.3%

STNE STONECO LTD 23.2%

Value ($000) $374,768 Shares 25,339,276 Est. Cost $9.44 Unrealized —

FIG FIGMA INC 1.2%

Value ($000) $20,141 Shares 538,956 Est. Cost $68.66 Unrealized -34.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
STUB	STUBHUB HLDGS INC	75,780,055	$1,025,304	63.4%	$18.34	-14.3%	CL A	86384P109
STNE	STONECO LTD	25,339,276	$374,768	23.2%	$9.44	—	COM CL A	G85158106
FIG	FIGMA INC	538,956	$20,141	1.2%	$68.66	-34.2%	CLASS A COM STK	316841105