How We Invest

13F FILER

Makena Capital Management

MAKENA CAPITAL MANAGEMENT LLC

No writing by this manager has been read and indexed yet, so this page carries the filings only. Holdings come straight from the Form 13F-HR on EDGAR.

26

Positions

$951.8M

Reported Value

69.6%

In Top 10

—

Claims Indexed

Largest reported positions

MAKENA CAPITAL MANAGEMENT LLC • CIK 0001359262 • 2026-06-30 • FILED 2026-08-10

WHAT CHANGED THIS QUARTER

In its Q2 2026 13F, filed Aug 10, 2026, Makena Capital Management reported 26 positions worth $951.8M in US-listed stock. The largest stock position is Vanguard Index Fds at 30.5% of the reported book, and the ten largest lines of any type make up 69.6% of it.

It opened 2 new positions, the largest stock positions being Mercadolibre Inc ($24.5M) and New York Times Co Mtn Be ($16.4M), and exited 3, the largest stock exits being Microsoft Corp ($20.6M last quarter), Somnigroup International Inc ($18.6M last quarter) and Figma Inc ($594,309 last quarter).

Among positions it already held, the biggest increases by share count were Procore Technologies Inc (+55%), Guidewire Software Inc (+41%) and Veeva Sys Inc (+30%), and the biggest cuts were Mastec Inc (−24%), Ishares Inc (−15%) and Taiwan Semiconductor Manufac (−15%).

Largest reported positions, quarter ended 2026-06-30
IssuerValueWeightShares QoQ
VANGUARD INDEX FDS$290.0M30.5%-5%
ISHARES TR$98.3M10.3%-6%
ISHARES INC$48.9M5.1%-15%
VEEVA SYS INC$35.9M3.8%+30%
GUIDEWIRE SOFTWARE INC$34.8M3.7%+41%
TAIWAN SEMICONDUCTOR MANUFAC$34.1M3.6%-15%
SELECT SECTOR SPDR TR$31.3M3.3%+13%
VISA INC$31.0M3.3%+0%
AMAZON COM INC$30.9M3.3%-12%
MOODYS CORP$27.0M2.8%+22%
LIBERTY LIVE HOLDINGS INC$25.3M2.7%+4%
MASTEC INC$25.2M2.6%-24%
GE AEROSPACE$25.1M2.6%+1%
MERCADOLIBRE INC$24.5M2.6%New
S&P GLOBAL INC$22.6M2.4%+21%
CRH PLC$22.0M2.3%+9%
PROCORE TECHNOLOGIES INC$20.2M2.1%+55%
COUPANG INC$19.0M2.0%+24%
NVIDIA CORPORATION$19.0M2.0%-11%
ALPHABET INC$18.8M2.0%-14%

20 of 26 positions. A 13F covers long US-listed positions at a quarter end only — no shorts, leverage, cash, ordinary bonds or private holdings — and is 45 days old on publication.

NEW POSITIONS

  • Mercadolibre Inc$24.5M · 2.6%
  • New York Times Co Mtn Be$16.4M · 1.7%

EXITS

  • Microsoft Corp$20.6M last quarter
  • Somnigroup International Inc$18.6M last quarter
  • Figma Inc$594,309 last quarter

QUESTIONS PEOPLE ASK

What are Makena Capital Management's largest holdings?

OPEN
As of Jun 30, 2026, the three largest stock positions are Vanguard Index Fds (30.5%), Ishares Tr (10.3%) and Ishares Inc (5.1%), together 45.9% of the reported book.

How big is Makena Capital Management's 13F portfolio?

OPEN
The Q2 2026 13F, filed Aug 10, 2026, reports 26 positions worth $951.8M. The ten largest make up 69.6% of it.

What did Makena Capital Management buy and sell in Q2 2026?

OPEN
It opened 2 new positions, the largest stock positions being Mercadolibre Inc ($24.5M) and New York Times Co Mtn Be ($16.4M), and exited 3, the largest stock exits being Microsoft Corp ($20.6M last quarter), Somnigroup International Inc ($18.6M last quarter) and Figma Inc ($594,309 last quarter). Among positions it already held, the biggest increases by share count were Procore Technologies Inc (+55%), Guidewire Software Inc (+41%) and Veeva Sys Inc (+30%), and the biggest cuts were Mastec Inc (−24%), Ishares Inc (−15%) and Taiwan Semiconductor Manufac (−15%).

When is Makena Capital Management's next 13F due?

OPEN
The Q3 2026 13F is due Nov 16, 2026. Forty-five days after the quarter ends is November 14, 2026 (Saturday), so the deadline moves to the next business day.

Filers with overlapping books