Managers / Q3 2023 · view latest →
Madrone Advisors, LLC
CIK 0001964563 · PO BOX #6476, DENVER, CO, 80206 · 650-854-8304
Summary
Madrone Advisors, LLC reported $465M in U.S.-listed holdings across 8 positions for Q3 2023.
The portfolio is heavily concentrated: Stoneco alone accounts for 58.1% of reported value.
Compared with Q2 2023, the fund opened 2 new positions and exited 1.
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 · 59.0% · $274M
- Common Stock · 37.5% · $174M
- ETP · 3.6% · $17M
Quarter-over-Quarter Changes full breakdown →
vs Q2 2023 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| UBERUBER TECHNOLOGIES INC | NEW | +358.3K | 358.3K | +$16M | $16M |
| VIEW INC | NEW | +516.6K | 516.6K | +$4M | $4M |
| VANGUARD INTL EQUITY INDEX F | ADDED | +128.3K | 177.3K | +$12M | $17M |
| VIEW INC | SOLD OUT | −31.00M | 0 | −$4M | $0 |
| PACBPACIFIC BIOSCIENCES CALIF IN | HELD | +0 | 16.42M | −$81M | $137M |
| STONECO LTD | HELD | +0 | 25.34M | −$52M | $270M |
| ILMNILLUMINA INC | HELD | +0 | 80.0K | −$4M | $11M |
| OPRTOPORTUN FINL CORP | HELD | +0 | 933.0K | +$1M | $7M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q3 2023
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | STONECO LTD | COM CL A | 58.12% | $270M | 25.34M |
| 2 | PACBPACIFIC BIOSCIENCES CALIF INhistory → | COM | 29.47% | $137M | 16.42M |
| 3 | VANGUARD INTL EQUITY INDEX F | TT WRLD ST ETF | 3.55% | $17M | 177.3K |
| 4 | UBERUBER TECHNOLOGIES INChistory → | COM | 3.54% | $16M | 358.3K |
| 5 | ILMNILLUMINA INChistory → | COM | 2.36% | $11M | 80.0K |
| 6 | OPRTOPORTUN FINL CORPhistory → | COM | 1.45% | $7M | 933.0K |
| 7 | VIEW INC | CL A NEW | 0.83% | $4M | 516.6K |
| 8 | HLTHQCUE HEALTH INC | COM | 0.67% | $3M | 7.08M |
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 ↗.