MAKENA CAPITAL MANAGEMENT LLC
13F Reported Value
ⓘ$951.8M
Holdings
26
Latest Filing
2026-06-30
Filing Quarter
Q2 2026
Portfolio Overview
MAKENA CAPITAL MANAGEMENT LLC disclosed 26 positions worth $951.8M in its Form 13F-HR for Q2 2026. During the quarter the fund opened 2 new positions and exited 3 — including a new stake in $MELI and a full exit from $MSFT. The portfolio is most concentrated in Other (50.4% 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
Stable
$VEEV
$GWRE$VEEV$GWRE
$PCOR
$CPNG
$VSector Allocation
AUM History
Top Equity Holdings by Value
Quarterly Activity — Q2 2026
Click any card to unlockTop Holdings
VANGUARD INDEX FDS - S&P 500 ETF SHS
—Quality
$290.0M422,234 shISHARES TR - CORE MSCI EAFE
—Quality
$98.3M1,017,877 shISHARES INC - CORE MSCI EMKT
—Quality
$48.9M590,622 sh- 77.6
Quality
$35.9M202,465 sh - 67.3
Quality
$34.8M282,984 sh - $34.1M71,453 sh
SELECT SECTOR SPDR TR - ST STR CARE ETF
—Quality
$31.3M197,201 sh- 82.9
Quality
$31.0M90,249 sh - 68.7
Quality
$30.9M129,820 sh - 79.1
Quality
$27.0M59,671 sh
| Company | Quality | Value | Shares |
|---|---|---|---|
| VANGUARD INDEX FDS - S&P 500 ETF SHS | — | $290.0M | 422,234 |
| ISHARES TR - CORE MSCI EAFE | — | $98.3M | 1,017,877 |
| ISHARES INC - CORE MSCI EMKT | — | $48.9M | 590,622 |
| VEEVA SYSTEMS INC$VEEV | 77.6 | $35.9M | 202,465 |
| Guidewire Software, Inc.$GWRE | 67.3 | $34.8M | 282,984 |
 TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD$TSM | — | $34.1M | 71,453 |
| SELECT SECTOR SPDR TR - ST STR CARE ETF | — | $31.3M | 197,201 |
| VISA INC.$V | 82.9 | $31.0M | 90,249 |
 AMAZON COM INC$AMZN | 68.7 | $30.9M | 129,820 |
 MOODYS CORP /DE/$MCO | 79.1 | $27.0M | 59,671 |
Unlock AI quality scores for every holding
32-signal composite ranking on each of MAKENA CAPITAL MANAGEMENT LLC's 26 positions.
Showing top 10 of 26 holdings.
Sector Allocation
Other
$479.7M
Technology
$201.6M
Financials
$80.6M
Consumer Discretionary
$74.4M
Communication Services
$41.7M
Energy
$25.2M
Materials
$22.0M
Industrials
$15.2M
Full Holdings — MAKENA CAPITAL MANAGEMENT LLC (Q2 2026)
All 26 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 - S&P 500 ETF SHS | $290.0M | 30.5% | -5% | — |
| 2 | — | ISHARES TR - CORE MSCI EAFE | $98.3M | 10.3% | -6% | — |
| 3 | — | ISHARES INC - CORE MSCI EMKT | $48.9M | 5.1% | -15% | — |
| 4 | $VEEV | VEEVA SYSTEMS INC | $35.9M | 3.8% | +30% | 77.6 |
| 5 | $GWRE | Guidewire Software, Inc. | $34.8M | 3.7% | +41% | 67.3 |
| 6 | $TSM | TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD | $34.1M | 3.6% | -15% | — |
| 7 | — | SELECT SECTOR SPDR TR - ST STR CARE ETF | $31.3M | 3.3% | +13% | — |
| 8 | $V | VISA INC. | $31.0M | 3.3% | +0% | 82.9 |
| 9 | $AMZN | AMAZON COM INC | $30.9M | 3.3% | -12% | 68.7 |
| 10 | $MCO | MOODYS CORP /DE/ | $27.0M | 2.8% | +22% | 79.1 |
| 11 |  $LLYVA | Liberty Live Holdings, Inc. | $25.3M | 2.7% | +4% | 27.5 |
| 12 |  $MTZ | MASTEC INC | $25.2M | 2.6% | -24% | 58.8 |
| 13 |  $GE | GENERAL ELECTRIC CO | $25.1M | 2.6% | +1% | 73.8 |
| 14 |  $MELI | MERCADOLIBRE INC | $24.5M | 2.6% | NEW | 80.2 |
| 15 |  $SPGI | S&P Global Inc. | $22.6M | 2.4% | +21% | 76.1 |
| 16 |  $CRH | CRH PUBLIC LTD CO | $22.0M | 2.3% | +9% | — |
| 17 | $PCOR | PROCORE TECHNOLOGIES, INC. | $20.2M | 2.1% | +55% | 59.4 |
| 18 | $CPNG | Coupang, Inc. | $19.0M | 2.0% | +24% | 50.6 |
| 19 |  $NVDA | NVIDIA CORP | $19.0M | 2.0% | -11% | 85.9 |
| 20 |  $GOOG | Alphabet Inc. | $18.8M | 2.0% | -14% | 78.2 |
| 21 |  $NYT | NEW YORK TIMES CO | $16.4M | 1.7% | NEW | 68.2 |
| 22 |  $JCI | Johnson Controls International plc | $15.2M | 1.6% | -8% | — |
| 23 |  $FSLR | FIRST SOLAR, INC. | $13.7M | 1.4% | +0% | 79.2 |
| 24 | — | SELECT SECTOR SPDR TR - ST STR STAPL ETF | $11.2M | 1.2% | -12% | — |
| 25 |  $SNDA | SONIDA SENIOR LIVING, INC. | $7.5M | 0.8% | +0% | 43.5 |
| 26 |  $MDLN | Medline Inc. | $3.8M | 0.4% | +3% | 62.5 |
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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.