13F HOLDINGS REPORT

Madrona Financial Services, LLC

Quarter ended Q4 2025 · Filed January 22, 2026 · Accession 0001578370-26-000002

Total Value

$468.0M

Positions

128

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (128)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	ISHARES TR	464287200	90,207	$61.8M	13.20%
2	INVESCO QQQ TR	IVZ	72,973	$44.8M	9.58%
3	BLACKROCK ETF TRUST	BLK	490,220	$29.8M	6.37%
4	MICROSOFT CORP	MSFT	58,812	$28.4M	6.08%
5	NORTHERN LTS FD TR IV	NTRSO	427,232	$27.6M	5.89%
6	FIRST TR EXCHANGE TRADED FD	33738R605	401,734	$25.3M	5.40%
7	ETF SER SOLUTIONS	26922A420	157,187	$17.2M	3.68%
8	GLOBAL X FDS	37954Y632	317,437	$16.1M	3.45%
9	SPDR SERIES TRUST	78464A870	126,951	$15.5M	3.31%
10	PACER FDS TR	69374H881	223,104	$13.4M	2.87%
11	ISHARES TR	464288240	196,595	$13.2M	2.82%
12	VANGUARD BD INDEX FDS	921937835	175,602	$13.0M	2.78%
13	INVESCO EXCHANGE TRADED FD T	IVZ	120,448	$12.3M	2.64%
14	VANGUARD INDEX FDS	922908751	42,603	$11.0M	2.35%
15	APPLE INC	AAPL	38,645	$10.5M	2.24%
16	VANECK ETF TRUST	92189F676	26,261	$9.5M	2.02%
17	ISHARES INC	46434G103	123,313	$8.3M	1.77%
18	FIRST TR EXCHNG TRADED FD VI	33740F755	212,427	$7.3M	1.56%
19	VANGUARD INDEX FDS	922908769	16,224	$5.4M	1.16%
20	COSTCO WHSL CORP NEW	22160K105	5,760	$5.0M	1.06%
21	J P MORGAN EXCHANGE TRADED F	46641Q332	82,493	$4.7M	1.01%
22	NORTHERN LTS FD TR IV	NTRSO	328,498	$4.7M	1.01%
23	ISHARES TR	464288257	32,302	$4.6M	0.98%
24	SILA REALTY TRUST INC	SILA	174,029	$4.1M	0.87%
25	ISHARES TR	464287309	29,096	$3.6M	0.77%
26	NVIDIA CORPORATION	NVDA	19,100	$3.6M	0.76%
27	SPDR S&P 500 ETF TR	SPY	4,932	$3.4M	0.72%
28	ISHARES TR	464287226	31,513	$3.1M	0.67%
29	BERKSHIRE HATHAWAY INC DEL	BRK-A	5,972	$3.0M	0.64%
30	ALPHABET INC	GOOG	8,088	$2.5M	0.54%
31	AMAZON COM INC	AMZN	9,773	$2.3M	0.48%
32	RED VIOLET INC	RDVT	36,768	$2.1M	0.45%
33	BLUEROCK PVT REAL ESTATE FD	09631P102	125,293	$1.9M	0.40%
34	ALPHABET INC	GOOG	5,704	$1.8M	0.38%
35	BOEING CO	BA-PA	7,942	$1.7M	0.37%
36	VANGUARD INDEX FDS	922908363	2,615	$1.6M	0.35%
37	FIRST TR EXCHNG TRADED FD VI	33740F839	31,081	$1.5M	0.32%
38	TESLA INC	TSLA	3,337	$1.5M	0.32%
39	CHEVRON CORP NEW	CVX	9,054	$1.4M	0.29%
40	FIRST TR EXCHNG TRADED FD VI	33740U612	41,182	$1.4M	0.29%
41	INVESCO EXCHANGE TRADED FD T	IVZ	20,381	$1.2M	0.26%
42	FIRST TR EXCHANGE TRADED FD	33738R118	10,856	$1.1M	0.22%
43	PACCAR INC	PCAR	8,944	$979,489	0.21%
44	HOME DEPOT INC	HD	2,720	$935,875	0.20%
45	ADVANCED MICRO DEVICES INC	AMD	4,268	$914,035	0.20%
46	STARBUCKS CORP	SBUX	10,420	$877,459	0.19%
47	FIRST TR EXCHNG TRADED FD VI	33740U497	26,158	$859,178	0.18%
48	INVESCO EXCH TRADED FD TR II	IVZ	3,158	$798,721	0.17%
49	BROADCOM INC	AVGO	2,215	$766,612	0.16%
50	FIRST TR EXCHNG TRADED FD VI	33740F672	17,238	$763,471	0.16%
51	BERKSHIRE HATHAWAY INC DEL	BRK-A	1	$754,800	0.16%
52	FIRST TR EXCHNG TRADED FD VI	33740F771	15,768	$752,474	0.16%
53	META PLATFORMS INC	META	1,139	$751,529	0.16%
54	FIRST TR EXCHNG TRADED FD VI	33740F482	16,039	$656,637	0.14%
55	CISCO SYS INC	CSCO	8,485	$653,600	0.14%
56	FIRST TR EXCHNG TRADED FD VI	33740U521	19,809	$651,221	0.14%
57	DIMENSIONAL ETF TRUST	25434V401	8,547	$633,931	0.14%
58	ALPS ETF TR	00162Q452	13,080	$615,022	0.13%
59	SPDR GOLD TR	GLD	1,533	$607,543	0.13%
60	FIRST TR EXCHNG TRADED FD VI	33740F458	15,173	$606,817	0.13%
61	FIRST TR EXCHNG TRADED FD VI	33740F136	18,531	$605,143	0.13%
62	ABBVIE INC	ABBV	2,626	$600,015	0.13%
63	ISHARES TR	464287168	4,092	$577,545	0.12%
64	VANECK ETF TRUST	92189F460	26,222	$573,737	0.12%
65	COASTAL FINL CORP WA	19046P209	4,865	$557,480	0.12%
66	FIRST TR EXCHNG TRADED FD VI	33740U679	14,515	$548,957	0.12%
67	GLOBAL X FDS	37954Y657	27,712	$524,034	0.11%
68	INNOVATOR ETFS TRUST	INHD	29,594	$520,558	0.11%
69	VANGUARD WHITEHALL FDS	921946406	3,587	$514,815	0.11%
70	FS KKR CAP CORP	FSK	33,514	$496,342	0.11%
71	FIDELITY COVINGTON TRUST	31609A305	11,706	$488,137	0.10%
72	JPMORGAN CHASE & CO.	VYLD	1,450	$467,301	0.10%
73	THE CIGNA GROUP	125523100	1,652	$454,680	0.10%
74	AIM ETF PRODUCTS TRUST	00888H455	16,105	$453,356	0.10%
75	ELI LILLY & CO	LLY	396	$425,573	0.09%
76	ISHARES TR	464287523	1,405	$423,151	0.09%
77	MICRON TECHNOLOGY INC	MU	1,473	$420,409	0.09%
78	VANGUARD SPECIALIZED FUNDS	921908844	1,907	$419,120	0.09%
79	ABACUS FCF ETF TR	89628W302	5,678	$405,239	0.09%
80	FIRST TR EXCHNG TRADED FD VI	33740U570	11,162	$375,059	0.08%
81	FIRST TR EXCHNG TRADED FD VI	33740U406	8,218	$370,550	0.08%
82	WELLS FARGO CO NEW	949746101	3,893	$362,846	0.08%
83	ISHARES TR	46435G250	7,578	$358,818	0.08%
84	BANK AMERICA CORP	060505104	6,369	$350,290	0.07%
85	APPLIED MATLS INC	038222105	1,344	$345,395	0.07%
86	HOWMET AEROSPACE INC	HWM	1,660	$340,333	0.07%
87	PROCTER AND GAMBLE CO	742718109	2,312	$331,333	0.07%
88	MCDONALDS CORP	MCD	1,047	$319,995	0.07%
89	VISA INC	V	891	$312,483	0.07%
90	ALIBABA GROUP HLDG LTD	BBAAY	2,115	$310,017	0.07%
91	AUTOMATIC DATA PROCESSING IN	ADP	1,153	$296,586	0.06%
92	IDEXX LABS INC	45168D104	431	$291,584	0.06%
93	SOUTHERN CO	SOMN	3,330	$290,376	0.06%
94	FIRST TR EXCHNG TRADED FD VI	33740U661	7,020	$290,142	0.06%
95	FIRST TR EXCHNG TRADED FD VI	33740F441	6,981	$288,266	0.06%
96	FIRST TR EXCHNG TRADED FD VI	33740U653	7,308	$286,912	0.06%
97	CENTURY ALUM CO	CENX	7,250	$284,055	0.06%
98	INVESCO EXCH TRADED FD TR II	IVZ	25,151	$282,697	0.06%
99	SALESFORCE INC	CRM	1,046	$277,096	0.06%
100	UNION PAC CORP	UNP	1,189	$275,039	0.06%
101	ISHARES TR	464288448	6,873	$271,140	0.06%
102	TRAVELERS COMPANIES INC	TRV	910	$263,955	0.06%
103	FIRST TR EXCHNG TRADED FD VI	33740U562	7,717	$262,596	0.06%
104	FISERV INC	FISV	3,908	$262,500	0.06%
105	ISHARES U S ETF TR	46431W507	5,135	$262,399	0.06%
106	DIGITALBRIDGE GROUP INC	DBRG-PJ	17,039	$261,378	0.06%
107	WALMART INC	WMT	2,333	$259,920	0.06%
108	PAYPAL HLDGS INC	PYPL	4,416	$257,806	0.06%
109	JOHNSON & JOHNSON	JNJ	1,243	$257,239	0.05%
110	INTEL CORP	INTC	6,866	$253,355	0.05%
111	ISHARES TR	464287721	1,160	$231,629	0.05%
112	AFLAC INC	AFL	2,086	$230,023	0.05%
113	SPROTT ASSET MANAGEMENT LP	SII	6,890	$227,508	0.05%
114	VANGUARD TAX-MANAGED FDS	921943858	3,522	$220,019	0.05%
115	ISHARES TR	464287556	1,300	$219,401	0.05%
116	NEXTERA ENERGY INC	NEE-PW	2,705	$217,157	0.05%
117	ISHARES TR	464287804	1,800	$216,279	0.05%
118	QUALCOMM INC	QCOM	1,256	$214,839	0.05%
119	CATERPILLAR INC	CAT	375	$214,580	0.05%
120	FIRST TR EXCHNG TRADED FD VI	33740U372	6,704	$208,127	0.04%
121	ISHARES SILVER TR	SLV	3,215	$207,110	0.04%
122	FIRST TR EXCHNG TRADED FD VI	33740F581	6,250	$206,259	0.04%
123	MARATHON PETE CORP	MARA	1,266	$205,890	0.04%
124	WISDOMTREE TR	WT	6,113	$204,480	0.04%
125	DIMENSIONAL ETF TRUST	25434V500	2,899	$201,973	0.04%
126	CRONOS GROUP INC	CRON	50,000	$131,500	0.03%
127	INDUSTRIAL LOGISTICS PPTYS T	456237106	20,888	$115,720	0.02%
128	TILRAY BRANDS INC	TLRY	10,000	$90,300	0.02%