Managers / Q1 2023 · view latest →
Madrone Advisors, LLC
CIK 0001964563 · PO BOX #6476, DENVER, CO, 80206 · 650-854-8304
Summary
Madrone Advisors, LLC reported $543M in U.S.-listed holdings across 7 positions for Q1 2023.
The portfolio is heavily concentrated: Stoneco alone accounts for 44.5% of reported value.
The book was largely unchanged from Q4 2022.
Portfolio Metrics
Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- Other · 47.4% · $257M
- Common Stock · 45.4% · $247M
- ETP · 7.2% · $39M
Quarter-over-Quarter Changes full breakdown →
vs Q4 2022 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| VANGUARD INTL EQUITY INDEX F | TRIMMED | −280.9K | 422.5K | −$22M | $39M |
| PACBPACIFIC BIOSCIENCES CALIF IN | HELD | +0 | 16.42M | +$56M | $190M |
| VIEW INC | HELD | +0 | 31.00M | −$14M | $15M |
| ILMNILLUMINA INC | HELD | +0 | 171.8K | +$5M | $40M |
| STONECO LTD | HELD | +0 | 25.34M | +$3M | $242M |
| HLTHQCUE HEALTH INC | HELD | +0 | 7.08M | −$2M | $13M |
| OPRTOPORTUN FINL CORP | HELD | +0 | 933.0K | −$2M | $4M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2023
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | STONECO LTD | COM CL A | 44.54% | $242M | 25.34M |
| 2 | PACBPACIFIC BIOSCIENCES CALIF INhistory → | COM | 35.03% | $190M | 16.42M |
| 3 | ILMNILLUMINA INChistory → | COM | 7.36% | $40M | 171.8K |
| 4 | VANGUARD INTL EQUITY INDEX F | TT WRLD ST ETF | 7.17% | $39M | 422.5K |
| 5 | VIEW INC | COM CL A | 2.86% | $15M | 31.00M |
| 6 | HLTHQCUE HEALTH INChistory → | COM | 2.37% | $13M | 7.08M |
| 7 | OPRTOPORTUN FINL CORP | COM | 0.66% | $4M | 933.0K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $1.0B | 5 | May 14, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $1.6B | 5 | Feb 13, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $2.0B | 6 | Nov 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $720M | 5 | Aug 13, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $597M | 6 | May 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $525M | 6 | Feb 13, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $626M | 6 | Nov 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $570M | 6 | Aug 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $730M | 6 | May 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $803M | 6 | Feb 13, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $465M | 8 | Nov 13, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $573M | 7 | Aug 11, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $543M | 7 | May 3, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $519M | 7 | Feb 13, 2023 | 13F-HR | changes · EDGAR ↗ |
13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.