# Madrona Financial Services, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1578370. Source: https://holderbook.com/funds/1578370-madrona-financial-services-llc/

- Reported value: $542.6M
- Positions: 143
- Weight of the ten largest: 52.5%
- Filed: 2026-07-17

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $63.5M | 84,750 | 11.7% | 22 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $47.2M | 64,049 | 8.7% | 31 |
| BLACKROCK ETF TRUST | [DYNF](https://holderbook.com/stocks/DYNF/) | $28.4M | 417,008 | 5.2% | 10 |
| ETF SER SOLUTIONS | [QTUM](https://holderbook.com/stocks/QTUM/) | $22.9M | 138,178 | 4.2% | 8 |
| ISHARES TR | [ACWX](https://holderbook.com/stocks/ACWX/) | $22.4M | 294,338 | 4.1% | 9 |
| GLOBAL X FDS | [AIQ](https://holderbook.com/stocks/AIQ/) | $21.8M | 332,747 | 4.0% | 8 |
| SPDR SERIES TRUST | [XBI](https://holderbook.com/stocks/XBI/) | $21.6M | 136,455 | 4.0% | 5 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $19.3M | 233,140 | 3.6% | 14 |
| FIRST TR EXCHANGE-TRADED FD | [FV](https://holderbook.com/stocks/FV/) | $19.3M | 254,309 | 3.6% | 18 |
| NORTHERN LTS FD TR IV | [SECT](https://holderbook.com/stocks/SECT/) | $18.8M | 261,358 | 3.5% | 14 |
| VANGUARD BD INDEX FDS | [BND](https://holderbook.com/stocks/BND/) | $18.8M | 256,130 | 3.5% | 6 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $16.9M | 45,389 | 3.1% | 31 |
| PACER FDS TR | [COWZ](https://holderbook.com/stocks/COWZ/) | $16.9M | 271,854 | 3.1% | 14 |
| INVESCO EXCHANGE TRADED FD T | [XMHQ](https://holderbook.com/stocks/XMHQ/) | $14.0M | 123,961 | 2.6% | 8 |
| VANECK ETF TRUST | [SMH](https://holderbook.com/stocks/SMH/) | $13.9M | 21,240 | 2.6% | 9 |
| NORTHERN LTS FD TR IV | [BUYW](https://holderbook.com/stocks/BUYW/) | $13.6M | 941,305 | 2.5% | 13 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $13.4M | 44,361 | 2.5% | 6 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $11.5M | 39,614 | 2.1% | 31 |
| SELECT SECTOR SPDR TR | [XLE](https://holderbook.com/stocks/XLE/) | $9.7M | 183,490 | 1.8% | 2 |
| FIRST TR EXCHNG TRADED FD VI | [BUFR](https://holderbook.com/stocks/BUFR/) | $9.1M | 249,749 | 1.7% | 18 |
| J P MORGAN EXCHANGE TRADED F | [JEPI](https://holderbook.com/stocks/JEPI/) | $7.9M | 140,005 | 1.5% | 13 |
| GLOBAL X FDS | [URA](https://holderbook.com/stocks/URA/) | $6.8M | 155,430 | 1.3% | 2 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $5.4M | 5,738 | 1.0% | 31 |
| ISHARES TR | [ACWI](https://holderbook.com/stocks/ACWI/) | $5.1M | 32,217 | 0.9% | 26 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $4.5M | 12,295 | 0.8% | 31 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $4.1M | 20,705 | 0.8% | 13 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $3.3M | 4,451 | 0.6% | 26 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $3.0M | 6,043 | 0.6% | 31 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $3.0M | 8,374 | 0.6% | 24 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $2.8M | 28,764 | 0.5% | 20 |
| ISHARES TR | [IVW](https://holderbook.com/stocks/IVW/) | $2.8M | 20,105 | 0.5% | 12 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $2.7M | 11,176 | 0.5% | 31 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $2.4M | 4,094 | 0.4% | 8 |
| FIRST TR EXCHNG TRADED FD VI | [GFEB](https://holderbook.com/stocks/GFEB/) | $2.3M | 51,525 | 0.4% | 2 |
| FIRST TR EXCHNG TRADED FD VI | [FEBM](https://holderbook.com/stocks/FEBM/) | $2.2M | 71,785 | 0.4% | 2 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $2.0M | 2,875 | 0.4% | 30 |
| RED VIOLET INC | [RDVT](https://holderbook.com/stocks/RDVT/) | $1.9M | 30,527 | 0.4% | 3 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $1.8M | 5,187 | 0.3% | 25 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $1.8M | 1,543 | 0.3% | 4 |
| FIRST TR EXCHNG TRADED FD VI | [MARM](https://holderbook.com/stocks/MARM/) | $1.8M | 51,822 | 0.3% | 9 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $1.7M | 7,970 | 0.3% | 31 |
| BLUEROCK PVT REAL ESTATE FD | [BPRE](https://holderbook.com/stocks/BPRE/) | $1.5M | 116,808 | 0.3% | 3 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $1.5M | 9,079 | 0.3% | 5 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $1.3M | 3,171 | 0.2% | 25 |
| FIRST TR EXCHNG TRADED FD VI | [MAYM](https://holderbook.com/stocks/MAYM/) | $1.3M | 40,156 | 0.2% | 1 |
| INVESCO EXCHANGE TRADED FD T | [XLG](https://holderbook.com/stocks/XLG/) | $1.2M | 19,175 | 0.2% | 9 |
| FIRST TR EXCHNG TRADED FD VI | [GMAR](https://holderbook.com/stocks/GMAR/) | $1.1M | 24,869 | 0.2% | 9 |
| FIRST TR EXCHNG TRADED FD VI | [DFEB](https://holderbook.com/stocks/DFEB/) | $1.1M | 21,533 | 0.2% | 5 |
| PACCAR INC | [PCAR](https://holderbook.com/stocks/PCAR/) | $1.1M | 8,830 | 0.2% | 31 |
| FIRST TR EXCHNG TRADED FD VI | [DNOV](https://holderbook.com/stocks/DNOV/) | $1.1M | 20,601 | 0.2% | 3 |
| ISHARES TR | [SOXX](https://holderbook.com/stocks/SOXX/) | $1.0M | 1,633 | 0.2% | 31 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $1.0M | 9,911 | 0.2% | 31 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $1.0M | 8,618 | 0.2% | 31 |
| AIM ETF PRODUCTS TRUST | [SPBU](https://holderbook.com/stocks/SPBU/) | $959.0K | 31,712 | 0.2% | 3 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $937.9K | 4,943 | 0.2% | 1 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $935.7K | 2,653 | 0.2% | 25 |
| FIRST TR EXCHNG TRADED FD VI | [DECM](https://holderbook.com/stocks/DECM/) | $881.9K | 26,158 | 0.2% | 7 |
| INVESCO EXCH TRADED FD TR II | [QQQM](https://holderbook.com/stocks/QQQM/) | $856.5K | 2,827 | 0.2% | 6 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $849.6K | 2,249 | 0.2% | 10 |
| FIRST TR EXCHNG TRADED FD VI | [DOCT](https://holderbook.com/stocks/DOCT/) | $804.7K | 17,238 | 0.1% | 3 |
| FIRST TR EXCHNG TRADED FD VI | [GAPR](https://holderbook.com/stocks/GAPR/) | $782.1K | 18,768 | 0.1% | 5 |
| BERKSHIRE HATHAWAY INC DEL | [BRKA](https://holderbook.com/stocks/BRKA/) | $748.9K | 1 | 0.1% | 31 |
| FIRST TR EXCHNG TRADED FD VI | [APXM](https://holderbook.com/stocks/APXM/) | $706.1K | 22,284 | 0.1% | 5 |
| DIMENSIONAL ETF TRUST | [DFUS](https://holderbook.com/stocks/DFUS/) | $700.3K | 8,547 | 0.1% | 17 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $690.7K | 7,151 | 0.1% | 1 |
| FIRST TR EXCHNG TRADED FD VI | [NOVM](https://holderbook.com/stocks/NOVM/) | $666.0K | 19,749 | 0.1% | 7 |
| FIRST TR EXCHNG TRADED FD VI | [GJUN](https://holderbook.com/stocks/GJUN/) | $661.0K | 16,047 | 0.1% | 1 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $659.4K | 912 | 0.1% | 5 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $653.0K | 2,595 | 0.1% | 19 |
| FIRST TR EXCHNG TRADED FD VI | [OCTM](https://holderbook.com/stocks/OCTM/) | $622.6K | 18,531 | 0.1% | 3 |
| FIRST TR EXCHNG TRADED FD VI | [DJUN](https://holderbook.com/stocks/DJUN/) | $619.4K | 12,568 | 0.1% | 1 |
| FIRST TR EXCHNG TRADED FD VI | [GDEC](https://holderbook.com/stocks/GDEC/) | $577.8K | 14,515 | 0.1% | 7 |
| FIRST TR EXCHNG TRADED FD VI | [JUNM](https://holderbook.com/stocks/JUNM/) | $569.2K | 16,222 | 0.1% | 1 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $562.5K | 999 | 0.1% | 14 |
| FIRST TR EXCHNG TRADED FD VI | [GMAY](https://holderbook.com/stocks/GMAY/) | $552.6K | 12,840 | 0.1% | 1 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $551.1K | 1,496 | 0.1% | 28 |
| FIDELITY COVINGTON TRUST | [FELG](https://holderbook.com/stocks/FELG/) | $512.1K | 11,706 | 0.1% | 11 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $493.0K | 1,506 | 0.1% | 10 |
| ABACUS FCF ETF TR | [ABFL](https://holderbook.com/stocks/ABFL/) | $487.5K | 5,678 | 0.1% | 31 |
| THE CIGNA GROUP | [CI](https://holderbook.com/stocks/CI/) | $460.9K | 1,672 | 0.1% | 12 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $451.2K | 1,907 | 0.1% | 23 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $431.8K | 360 | 0.1% | 10 |
| FIRST TR EXCHNG TRADED FD VI | [DDEC](https://holderbook.com/stocks/DDEC/) | $389.3K | 8,218 | 0.1% | 3 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $387.3K | 364 | 0.1% | 3 |
| FIRST TR EXCHNG TRADED FD VI | [JULM](https://holderbook.com/stocks/JULM/) | $386.3K | 11,162 | 0.1% | 8 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $384.5K | 6,442 | 0.1% | 1 |
| COASTAL FINL CORP WA | [CCB](https://holderbook.com/stocks/CCB/) | $377.1K | 4,865 | 0.1% | 19 |
| FIRST TR EXCHNG TRADED FD VI | [DMAY](https://holderbook.com/stocks/DMAY/) | $370.0K | 7,852 | 0.1% | 1 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $362.3K | 6,358 | 0.1% | 11 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $345.3K | 2,473 | 0.1% | 4 |
| VANECK ETF TRUST | [XMPT](https://holderbook.com/stocks/XMPT/) | $336.4K | 15,057 | 0.1% | 20 |
| FIRST TR EXCHNG TRADED FD VI | [JANM](https://holderbook.com/stocks/JANM/) | $335.3K | 9,907 | 0.1% | 2 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $330.2K | 1,300 | 0.1% | 4 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $326.5K | 874 | 0.1% | 1 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $321.7K | 3,892 | 0.1% | 7 |
| SOUTHERN CO | [SO](https://holderbook.com/stocks/SO/) | $321.6K | 3,360 | 0.1% | 8 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $320.1K | 1,177 | 0.1% | 13 |
| VANGUARD SCOTTSDALE FDS | [VONG](https://holderbook.com/stocks/VONG/) | $305.7K | 2,392 | 0.1% | 1 |
| FIRST TR EXCHNG TRADED FD VI | [GJUL](https://holderbook.com/stocks/GJUL/) | $305.3K | 7,020 | 0.1% | 5 |
| TRAVELERS COMPANIES INC | [TRV](https://holderbook.com/stocks/TRV/) | $304.0K | 921 | 0.1% | 8 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +16.2% | +14.8% | +1.4% | 100% |
| Q1 2026 | -3.9% | -4.6% | +0.7% | 100% |
| Q4 2025 | +2.4% | +2.4% | +0.0% | 100% |
| Q3 2025 | +7.9% | +7.8% | +0.1% | 100% |
| Q2 2025 | +11.1% | +10.5% | +0.6% | 100% |
| Q1 2025 | -5.3% | -4.6% | -0.7% | 100% |
| Q4 2024 | +0.5% | +2.1% | -1.6% | 100% |
| Q3 2024 | +4.4% | +5.4% | -1.0% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $542.6M | 143 |
| Q1 2026 | $456.9M | 123 |
| Q4 2025 | $468.0M | 128 |
| Q3 2025 | $453.3M | 121 |
| Q2 2025 | $417.0M | 114 |
| Q1 2025 | $363.7M | 109 |
| Q4 2024 | $367.2M | 110 |
| Q3 2024 | $359.8M | 113 |
| Q2 2024 | $325.5M | 100 |
| Q1 2024 | $287.2M | 99 |
| Q4 2023 | $253.5M | 84 |
| Q3 2023 | $219.0M | 94 |