MAKENA CAPITAL MANAGEMENT LLC
13F Reported Value
ⓘ$866.1M
Holdings
27
Latest Filing
2026-03-31
Filing Quarter
Q1 2026
Portfolio Overview
MAKENA CAPITAL MANAGEMENT LLC disclosed 27 positions worth $866.1M in its Form 13F-HR for Q1 2026. During the quarter the fund opened 3 new positions and exited 2 — including a new stake in $NVDA and a full exit from $FERG. The portfolio is most concentrated in Other (51.8% of disclosed assets). All figures are sourced directly from MAKENA CAPITAL MANAGEMENT LLC’s Form 13F-HR filing with the SEC under CIK 1359262.
AI Fund Analysis
StableSector Allocation
AUM History
Top Equity Holdings by Value
Quarterly Activity — Q1 2026
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VANGUARD INDEX FDS
—Quality
$264.6M442,737 shISHARES TR
—Quality
$97.6M1,077,876 shISHARES INC
—Quality
$48.3M692,123 sh- 74.6
Quality
$30.7M147,183 sh - 66.2
Quality
$30.0M200,643 sh - $28.3M83,726 sh
- 77.8
Quality
$27.3M155,298 sh - 83.5
Quality
$27.2M90,061 sh SELECT SECTOR SPDR TR
—Quality
$25.5M173,873 sh- 59.7
Quality
$25.5M79,225 sh
| Company | Quality | Value | Shares |
|---|---|---|---|
| VANGUARD INDEX FDS | — | $264.6M | 442,737 |
| ISHARES TR | — | $97.6M | 1,077,876 |
| ISHARES INC | — | $48.3M | 692,123 |
 AMAZON COM INC$AMZN | 74.6 | $30.7M | 147,183 |
 Guidewire Software, Inc.$GWRE | 66.2 | $30.0M | 200,643 |
 TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD$TSM | — | $28.3M | 83,726 |
 VEEVA SYSTEMS INC$VEEV | 77.8 | $27.3M | 155,298 |
 VISA INC.$V | 83.5 | $27.2M | 90,061 |
| SELECT SECTOR SPDR TR | — | $25.5M | 173,873 |
 MASTEC INC$MTZ | 59.7 | $25.5M | 79,225 |
Unlock AI quality scores for every holding
32-signal composite ranking on each of MAKENA CAPITAL MANAGEMENT LLC's 27 positions.
Showing top 10 of 27 holdings.
Sector Allocation
Other
$448.4M
Technology
$191.6M
Financials
$68.2M
Consumer Discretionary
$65.9M
Energy
$25.5M
Communication Services
$21.6M
Materials
$19.8M
Industrials
$14.8M
Full Holdings — MAKENA CAPITAL MANAGEMENT LLC (Q1 2026)
All 27 disclosed positions from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.
| # | Ticker | Company | Value | Weight | QoQ | Quality |
|---|---|---|---|---|---|---|
| 1 | — | VANGUARD INDEX FDS | $264.6M | 30.6% | +10% | — |
| 2 | — | ISHARES TR | $97.6M | 11.3% | +15% | — |
| 3 | — | ISHARES INC | $48.3M | 5.6% | +20% | — |
| 4 | $AMZN | AMAZON COM INC | $30.7M | 3.5% | +0% | 74.6 |
| 5 | $GWRE | Guidewire Software, Inc. | $30.0M | 3.5% | +44% | 66.2 |
| 6 | $TSM | TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD | $28.3M | 3.3% | -1% | — |
| 7 | $VEEV | VEEVA SYSTEMS INC | $27.3M | 3.1% | +36% | 77.8 |
| 8 | $V | VISA INC. | $27.2M | 3.1% | +12% | 83.5 |
| 9 | — | SELECT SECTOR SPDR TR | $25.5M | 2.9% | -5% | — |
| 10 | $MTZ | MASTEC INC | $25.5M | 2.9% | -23% | 59.7 |
| 11 |  $LLYVA | Liberty Live Holdings, Inc. | $21.6M | 2.5% | -15% | — |
| 12 |  $MCO | MOODYS CORP /DE/ | $21.4M | 2.5% | +27% | 81.3 |
| 13 |  $MSFT | MICROSOFT CORP | $20.6M | 2.4% | -20% | 83.7 |
| 14 |  $CRH | CRH PUBLIC LTD CO | $19.8M | 2.3% | +43% | — |
| 15 |  $SPGI | S&P Global Inc. | $19.6M | 2.3% | +42% | 79.4 |
| 16 |  $GE | GENERAL ELECTRIC CO | $18.9M | 2.2% | -8% | 74.8 |
| 17 |  $SGI | SOMNIGROUP INTERNATIONAL INC. | $18.6M | 2.1% | +15% | 64.6 |
| 18 |  $NVDA | NVIDIA CORP | $18.5M | 2.1% | NEW | 90.2 |
| 19 |  $PCOR | PROCORE TECHNOLOGIES, INC. | $18.3M | 2.1% | +38% | 51.8 |
| 20 |  $GOOG | Alphabet Inc. | $17.7M | 2.0% | +13% | 80.2 |
| 21 |  $CPNG | Coupang, Inc. | $16.7M | 1.9% | +28% | 56.4 |
| 22 |  $JCI | Johnson Controls International plc | $14.8M | 1.7% | NEW | — |
| 23 | — | SELECT SECTOR SPDR TR | $12.5M | 1.4% | +1% | — |
| 24 |  $FSLR | FIRST SOLAR, INC. | $11.4M | 1.3% | +33% | 73.8 |
| 25 |  $SNDA | SONIDA SENIOR LIVING, INC. | $6.0M | 0.7% | +0% | 34.6 |
| 26 |  $MDLN | Medline Inc. | $4.2M | 0.5% | NEW | — |
| 27 |  $FIG | Figma, Inc. | $594,309 | 0.1% | +0% | 45.2 |
New Positions (3)
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AI-Powered Hedge Fund Analysis: MAKENA CAPITAL MANAGEMENT LLC
13F Pro is an AI hedge fund tracker and stock research platform. For MAKENA CAPITAL MANAGEMENT LLC (SEC CIK: 1359262), the platform ingests every quarterly Form 13F filing and applies AI-powered analysis on top — 10 specialized AI analysts (value, growth, momentum, macro, activist, and more) debate the fund's top positions and publish AI-generated analysis with cited SEC sources.
Every holding in MAKENA CAPITAL MANAGEMENT LLC's portfolio is scored on a 32-signal AI quality ranking (ROIC, FCF margin, revenue growth, institutional flow, earnings quality, shareholder dilution, and more). Track accumulation and distribution quarter over quarter, identify conviction positions, and see AI stock analysis for each position — alongside 8,700+ other institutional filers and 2,800+ AI-ranked companies.