MAKENA CAPITAL MANAGEMENT LLC — 13F Holdings & Portfolio
CIK 1359262 · latest 13F-HR filed 2026-08-10
MAKENA CAPITAL MANAGEMENT LLC manages $951.8M in 13F-reported U.S. long-equity assets across 26 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are VOO (30.47%), IEFA (10.33%), IEMG (5.14%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 2 new positions, exited 3, added to 16, and trimmed 2.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
MENLO PARK, CA 94025
$951.8M
Long-equity book
26
Distinct positions
2026-06-30
Filed 2026-08-10
+2 / −3 / ↑16 / ↓2
vs 2026-03-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- VANGUARD INDEX FDS$25.4M +9.6%
- VEEVA SYS INC$8.7M +31.7%
- GE AEROSPACE$6.2M +32.6%
- TAIWAN SEMICONDUCTOR MANUFAC$5.8M +20.6%
- SELECT SECTOR SPDR TR$5.8M +22.7%
Exited Positions
- MICROSOFT CORP$20.6M
- SOMNIGROUP INTERNATIONAL INC$18.6M
- FIGMA INC$594.3K
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | VANGUARD INDEX FDS | VOO | 922908363 | $290.0M | 30.47% | 422,234 | SH |
| 2 | ISHARES TR | IEFA | 46432F842 | $98.3M | 10.33% | 1,017,877 | SH |
| 3 | ISHARES INC | IEMG | 46434G103 | $48.9M | 5.14% | 590,622 | SH |
| 4 | VEEVA SYS INC | VEEV | 922475108 | $35.9M | 3.77% | 202,465 | SH |
| 5 | GUIDEWIRE SOFTWARE INC | GWRE | 40171V100 | $34.8M | 3.66% | 282,984 | SH |
| 6 | TAIWAN SEMICONDUCTOR MANUFAC | TSM | 874039100 | $34.1M | 3.59% | 71,453 | SH |
| 7 | SELECT SECTOR SPDR TR | XLV | 81369Y209 | $31.3M | 3.29% | 197,201 | SH |
| 8 | VISA INC | V | 92826C839 | $31.0M | 3.25% | 90,249 | SH |
| 9 | AMAZON COM INC | AMZN | 023135106 | $30.9M | 3.25% | 129,820 | SH |
| 10 | MOODYS CORP | MCO | 615369105 | $27.0M | 2.84% | 59,671 | SH |
| 11 | LIBERTY LIVE HOLDINGS INC | LLYVK | 530909308 | $25.3M | 2.66% | 239,774 | SH |
| 12 | MASTEC INC | MTZ | 576323109 | $25.2M | 2.64% | 60,452 | SH |
| 13 | GE AEROSPACE | GE | 369604301 | $25.1M | 2.64% | 67,220 | SH |
| 14 | MERCADOLIBRE INC | MELI | 58733R102 | $24.5M | 2.57% | 14,405 | SH |
| 15 | S&P GLOBAL INC | SPGI | 78409V104 | $22.6M | 2.38% | 55,598 | SH |
| 16 | CRH PLC | CRH | G25508105 | $22.0M | 2.31% | 205,853 | SH |
| 17 | PROCORE TECHNOLOGIES INC | PCOR | 74275K108 | $20.2M | 2.12% | 497,726 | SH |
| 18 | COUPANG INC | CPNG | 22266T109 | $19.0M | 2.00% | 1,096,053 | SH |
| 19 | NVIDIA CORPORATION | NVDA | 67066G104 | $19.0M | 1.99% | 94,728 | SH |
| 20 | ALPHABET INC | GOOGL | 02079K305 | $18.8M | 1.98% | 52,622 | SH |
| 21 | NEW YORK TIMES CO MTN BE | NYT | 650111107 | $16.4M | 1.72% | 233,848 | SH |
| 22 | JOHNSON CONTROLS INTERNATION | JCI | G51502105 | $15.2M | 1.60% | 104,115 | SH |
| 23 | FIRST SOLAR INC | FSLR | 336433107 | $13.7M | 1.43% | 57,851 | SH |
| 24 | SELECT SECTOR SPDR TR | XLP | 81369Y308 | $11.2M | 1.18% | 134,810 | SH |
| 25 | SONIDA SENIOR LIVING INC | SNDA | 140475203 | $7.5M | 0.79% | 185,000 | SH |
| 26 | MEDLINE INC | MDLN | 58507V107 | $3.8M | 0.40% | 96,631 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-08-10 | $951.8M | 26 | 0001359262-26-000005 |
| 2026-03-31 | 2026-05-11 | $866.1M | 27 | 0001359262-26-000004 |
| 2025-12-31 | 2026-02-03 | $834.5M | 26 | 0001359262-26-000001 |
| 2025-09-30 | 2025-11-10 | $968.5M | 24 | 0001359262-25-000007 |