Madrona Venture 13F annual report
Madrona Venture is an investment fund managing more than $93.7 million ran by Troy Cichos. There are currently 4 companies in Mr. Cichos’s portfolio. The largest investments include Snowflake and Nautilus Biotechnology Inc, together worth $85.9 million.
$93.7 million Assets Under Management (AUM)
As of 18th July 2024, Madrona Venture’s top holding is 531,633 shares of Snowflake currently worth over $71.8 million and making up 76.6% of the portfolio value.
Relative to the number of outstanding shares of Snowflake, Madrona Venture owns more than approximately 0.1% of the company.
In addition, the fund holds 6,020,770 shares of Nautilus Biotechnology Inc worth $14.1 million.
The third-largest holding is UiPath worth $7.71 million and the next is Brightcove Inc worth $105 thousand, with 44,270 shares owned.
Currently, Madrona Venture's portfolio is worth at least $93.7 million. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Madrona Venture
The Madrona Venture office and employees reside in Seattle, Washington. According to the last 13-F report filed with the SEC, Troy Cichos serves as the Chief Operating Officer at Madrona Venture.
Recent trades
There are companies that Madrona Venture is getting rid of from its portfolio.
Madrona Venture closed its position in Rover Group Inc on 25th July 2024.
It sold the previously owned 26,463,916 shares for $166 million.
Troy Cichos also disclosed a decreased stake in Snowflake by 0.2%.
This leaves the value of the investment at $71.8 million and 531,633 shares.
One of the smallest hedge funds
The two most similar investment funds to Madrona Venture are Peak Capital Management and Groesbeck Investment Management Corp nj/. They manage $93.5 million and $94 million respectively.
Troy Cichos investment strategy
Madrona Venture’s portfolio is diversified across 2 sectors.
Currently, their heaviest sector is Technology — making up 85.0% of
the total portfolio value.
The fund focuses on investments in the United States as
75.0% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
25% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $18.3 billion.
The complete list of Madrona Venture trades based on 13F SEC filings
These positions were updated on July 25th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Rover Group Inc |
Closed
26,463,916
|
$165,664,000 | |
| Snowflake Inc. |
15.83%
531,633
|
$71,818,000 | 76.63% |
| Nautilus Biotechnology Inc |
No change
6,020,770
|
$14,089,000 | 15.03% |
| UiPath, Inc. |
No change
607,673
|
$7,705,000 | 8.22% |
| Getaround Inc |
Closed
506,342
|
$177,000 | |
| Brightcove Inc |
No change
44,270
|
$105,000 | 0.11% |
| No transactions found | |||
| Showing first 500 out of 6 holdings | |||
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