Madrone Advisors, LLC Long-Term Concentrated

Location: Denver, CO

CIK: 0001964563 · Show all filings

Period: Q4 2025 (← Previous) (Next →)

Filing Date: Feb 13, 2026

Total Value: $1.617B (100.0% shares, 0.0% debt)

Holdings (5)

STUB STUBHUB HLDGS INC 63.4%

Value $1.025B Shares 75,780,055 Est. Cost $18.34 Unrealized -14.3%

STNE STONECO LTD 23.2%

Value $375M Shares 25,339,276 Est. Cost $9.44 Unrealized —

QXO QXO INC 6.1%

Value $98.67M Shares 5,115,198 Est. Cost $29.17 Unrealized -34.3%

VT VANGUARD INTL EQUITY INDEX F 6.1%

Value $98.16M Shares 695,893 Est. Cost $120.37 Unrealized —

FIG FIGMA INC 1.2%

Value $20.14M Shares 538,956 Est. Cost $68.66 Unrealized -34.2%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
STUB	STUBHUB HLDGS INC	75,780,055	$1.025B	63.4%	$18.34	-14.3%	CL A	86384P109
STNE	STONECO LTD	25,339,276	$375M	23.2%	$9.44	—	COM CL A	G85158106
QXO	QXO INC	5,115,198	$98.67M	6.1%	$29.17	-34.3%	COM NEW	82846H405
VT	VANGUARD INTL EQUITY INDEX F	695,893	$98.16M	6.1%	$120.37	—	TT WRLD ST ETF	922042742
FIG	FIGMA INC	538,956	$20.14M	1.2%	$68.66	-34.2%	CLASS A COM STK	316841105