MADRONE ADVISORS, LLC
Long book
$1.03B
Q1 2026
Positions
5
Top-10 weight
100%
concentration
Last quarter
+47.4%
SPY +14.8%
Turnover
0%
of book per quarter
Strategy in plain words
auto-generated from filingsMADRONE ADVISORS, LLC is a diversified fundamental manager, running a $1.03B US long book across 5 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: STUBHUB HOLDINGS INC-CLASS A, STONECO LTD-A, VANGUARD TOT WORLD STK ETF, QXO INC, FIGMA INC-CL A.
Over the last 9 quarters its long book ran on average 3pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-21.5%
Q2 2024
+1.1%
Q3 2024
-12.7%
Q4 2024
+3.5%
Q1 2025
+41.7%
Q2 2025
+7.0%
Q3 2025
-17.5%
Q4 2025
-35.8%
Q1 2026
+47.4%
Sector allocation
Services media 51%
Technology 40%
Consumer discretionary 9%
Long book by quarter
What does MADRONE own?
Q1 2026 13F13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 14, 2026 | 5 | $1.03B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 13, 2026 | 5 | $1.62B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 6 | $2.03B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 13, 2025 | 5 | $719.6M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 14, 2025 | 6 | $597.0M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 13, 2025 | 6 | $524.8M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 6 | $626.2M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 6 | $569.5M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 14, 2024 | 6 | $729.9M | canonical | SEC ↗ |
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