Instuitional Investor - Madrone Advisors, Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Stubhub Hldgs Inc		75,780,055	$975,289,308	69.92%
2.	Stoneco Ltd.	STNE	25,339,276	$274,677,752	19.69%
3.	Qxo Inc.	QXO	4,215,198	$72,838,621	5.22%
4.	Vanguard Intl Equity Index Funds	VWO	256,758	$40,298,168	2.89%
5.	Capital One Financial Corp	COF	109,506	$21,969,094	1.58%