Madrona Financial Services, LLC Q4 2025 Filing

Filed January 22, 2026

Portfolio Value

$468.0M

Holdings

128

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (128 positions)

#	Stock	Shares	Value	% Portfolio
1	IVVISHARES TR	90,207	$61.8M	13.20%
2	NDQINVESCO QQQ TR	72,973	$44.8M	9.58%
3	DYNFBLACKROCK ETF TRUST	490,220	$29.8M	6.37%
4	MSFTMICROSOFT CORP	58,812	$28.4M	6.08%
5	SECTNORTHERN LTS FD TR IV	427,232	$27.6M	5.89%
6	FAIFIRST TR EXCHANGE TRADED FD	401,734	$25.3M	5.40%
7	QTUMETF SER SOLUTIONS	157,187	$17.2M	3.68%
8	AIQGLOBAL X FDS	317,437	$16.1M	3.45%
9	XBISPDR SERIES TRUST	126,951	$15.5M	3.31%
10	COWZPACER FDS TR	223,104	$13.4M	2.87%
11	ACWXISHARES TR	196,595	$13.2M	2.82%
12	BNDVANGUARD BD INDEX FDS	175,602	$13.0M	2.78%
13	XMHQINVESCO EXCHANGE TRADED FD T	120,448	$12.3M	2.64%
14	VBVANGUARD INDEX FDS	42,603	$11.0M	2.35%
15	AAPLAPPLE INC	38,645	$10.5M	2.24%
16	SMHVANECK ETF TRUST	26,261	$9.5M	2.02%
17	IEMGISHARES INC	123,313	$8.3M	1.77%
18	BUFRFIRST TR EXCHNG TRADED FD VI	212,427	$7.3M	1.55%
19	VTIVANGUARD INDEX FDS	16,224	$5.4M	1.16%
20	COSTCOSTCO WHSL CORP NEW	5,760	$5.0M	1.06%
21	JEPIJ P MORGAN EXCHANGE TRADED F	82,493	$4.7M	1.01%
22	BUYWNORTHERN LTS FD TR IV	328,498	$4.7M	1.01%
23	ACWIISHARES TR	32,302	$4.6M	0.98%
24	SILASILA REALTY TRUST INC	174,029	$4.1M	0.87%
25	IVWISHARES TR	29,096	$3.6M	0.77%
26	NVDANVIDIA CORPORATION	19,100	$3.6M	0.76%
27	SPYSPDR S&P 500 ETF TR	4,932	$3.4M	0.72%
28	AGGISHARES TR	31,513	$3.1M	0.67%
29	BRK/BBERKSHIRE HATHAWAY INC DEL	5,972	$3.0M	0.64%
30	GOOGLALPHABET INC	8,088	$2.5M	0.54%
31	AMZNAMAZON COM INC	9,773	$2.3M	0.48%
32	RDVTRED VIOLET INC	36,768	$2.1M	0.45%
33	BPREBLUEROCK PVT REAL ESTATE FD	125,293	$1.9M	0.40%
34	GOOGALPHABET INC	5,704	$1.8M	0.38%
35	BABOEING CO	7,942	$1.7M	0.37%
36	VOOVANGUARD INDEX FDS	2,615	$1.6M	0.35%
37	DNOVFIRST TR EXCHNG TRADED FD VI	31,081	$1.5M	0.32%
38	TSLATESLA INC	3,337	$1.5M	0.32%
39	CVXCHEVRON CORP NEW	9,054	$1.4M	0.29%
40	MARMFIRST TR EXCHNG TRADED FD VI	41,182	$1.4M	0.29%
41	XLGINVESCO EXCHANGE TRADED FD T	20,381	$1.2M	0.26%
42	TDIVFIRST TR EXCHANGE TRADED FD	10,856	$1.1M	0.22%
43	PCARPACCAR INC	8,944	$979K	0.21%
44	HDHOME DEPOT INC	2,720	$935K	0.20%
45	AMDADVANCED MICRO DEVICES INC	4,268	$914K	0.20%
46	SBUXSTARBUCKS CORP	10,420	$877K	0.19%
47	DECMFIRST TR EXCHNG TRADED FD VI	26,158	$859K	0.18%
48	QQQMINVESCO EXCH TRADED FD TR II	3,158	$798K	0.17%
49	AVGOBROADCOM INC	2,215	$766K	0.16%
50	DOCTFIRST TR EXCHNG TRADED FD VI	17,238	$763K	0.16%
51	BRK-BBERKSHIRE HATHAWAY INC DEL	1	$754K	0.16%
52	DFEBFIRST TR EXCHNG TRADED FD VI	15,768	$752K	0.16%
53	METAMETA PLATFORMS INC	1,139	$751K	0.16%
54	GMARFIRST TR EXCHNG TRADED FD VI	16,039	$656K	0.14%
55	CSCOCISCO SYS INC	8,485	$653K	0.14%
56	NOVMFIRST TR EXCHNG TRADED FD VI	19,809	$651K	0.14%
57	DFUSDIMENSIONAL ETF TRUST	8,547	$633K	0.14%
58	AMLPALPS ETF TR	13,080	$615K	0.13%
59	GQ9SPDR GOLD TR	1,533	$607K	0.13%
60	GAPRFIRST TR EXCHNG TRADED FD VI	15,173	$606K	0.13%
61	OCTMFIRST TR EXCHNG TRADED FD VI	18,531	$605K	0.13%
62	ABBVABBVIE INC	2,626	$600K	0.13%
63	AQLTISHARES TR	4,092	$577K	0.12%
64	XMPTVANECK ETF TRUST	26,222	$573K	0.12%
65	CCBCOASTAL FINL CORP WA	4,865	$557K	0.12%
66	GDECFIRST TR EXCHNG TRADED FD VI	14,515	$548K	0.12%
67	PFFDGLOBAL X FDS	27,712	$524K	0.11%
68	EPRFINNOVATOR ETFS TRUST	29,594	$520K	0.11%
69	VYMVANGUARD WHITEHALL FDS	3,587	$514K	0.11%
70	FSKFS KKR CAP CORP	33,514	$496K	0.11%
71	FELGFIDELITY COVINGTON TRUST	11,706	$488K	0.10%
72	JPMJPMORGAN CHASE & CO.	1,450	$467K	0.10%
73	CITHE CIGNA GROUP	1,652	$454K	0.10%
74	SPBUAIM ETF PRODUCTS TRUST	16,105	$453K	0.10%
75	LLYELI LILLY & CO	396	$425K	0.09%
76	SOXXISHARES TR	1,405	$423K	0.09%
77	MUMICRON TECHNOLOGY INC	1,473	$420K	0.09%
78	VIGVANGUARD SPECIALIZED FUNDS	1,907	$419K	0.09%
79	ABFLABACUS FCF ETF TR	5,678	$405K	0.09%
80	JULMFIRST TR EXCHNG TRADED FD VI	11,162	$375K	0.08%
81	DDECFIRST TR EXCHNG TRADED FD VI	8,218	$370K	0.08%
82	WFCWELLS FARGO CO NEW	3,893	$362K	0.08%
83	HYDBISHARES TR	7,578	$358K	0.08%
84	BACBANK AMERICA CORP	6,369	$350K	0.07%
85	AMATAPPLIED MATLS INC	1,344	$345K	0.07%
86	HWMHOWMET AEROSPACE INC	1,660	$340K	0.07%
87	PGPROCTER AND GAMBLE CO	2,312	$331K	0.07%
88	MCDMCDONALDS CORP	1,047	$319K	0.07%
89	VVISA INC	891	$312K	0.07%
90	BABAALIBABA GROUP HLDG LTD	2,115	$310K	0.07%
91	ADPAUTOMATIC DATA PROCESSING IN	1,153	$296K	0.06%
92	IDXXIDEXX LABS INC	431	$291K	0.06%
93	XFEBFIRST TR EXCHNG TRADED FD VI	7,020	$290K	0.06%
94	SOSOUTHERN CO	3,330	$290K	0.06%
95	GMAYFIRST TR EXCHNG TRADED FD VI	6,981	$288K	0.06%
96	GAUGFIRST TR EXCHNG TRADED FD VI	7,308	$286K	0.06%
97	CENXCENTURY ALUM CO	7,250	$284K	0.06%
98	PGXINVESCO EXCH TRADED FD TR II	25,151	$282K	0.06%
99	CRMSALESFORCE INC	1,046	$277K	0.06%
100	UNPUNION PAC CORP	1,189	$275K	0.06%

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