MAKENA CAPITAL MANAGEMENT LLC
CIK 0001359262
Annualised vol
5.658188%
Beta
0.252151
HHI
1206.558099
Top-10 weight
69.58291%
VaR 95%
0.57154%
VaR 99%
0.97277%
Max drawdown
10.408598%
Matched value
31.131701%
Returns of reported holdings
Loading returns…
Position changes vs prior quarter
What the latest 13F shows bought and sold against the quarter before, by share count.
| Ticker | Change | Shares now | Shares before | Share change % | Value now ($) |
|---|---|---|---|---|---|
| GWRE | ADDED | 282,984 | 200,643 | 41.04% | 34,821,181 |
| V | ADDED | 90,249 | 90,061 | 0.21% | 30,963,529 |
| AMZN | REDUCED | 129,820 | 147,183 | -11.8% | 30,941,299 |
| LLYVA | ADDED | 239,774 | 229,851 | 4.32% | 25,329,725 |
| MTZ | REDUCED | 60,452 | 79,225 | -23.7% | 25,151,659 |
| MELI | NEW | 14,405 | - | - | 24,450,903 |
| SPGI | ADDED | 55,598 | 46,029 | 20.79% | 22,642,841 |
| PCOR | ADDED | 497,726 | 320,681 | 55.21% | 20,217,630 |
| CPNG | ADDED | 1,096,053 | 882,766 | 24.16% | 19,038,441 |
| NVDA | REDUCED | 94,728 | 106,176 | -10.78% | 18,954,126 |
| GOOGL | REDUCED | 52,622 | 61,488 | -14.42% | 18,805,524 |
| FSLR | UNCHANGED | 57,851 | 57,851 | 0.0% | 13,650,522 |
| SNDA | UNCHANGED | 185,000 | 185,000 | 0.0% | 7,548,000 |
| MDLN | ADDED | 96,631 | 93,949 | 2.85% | 3,811,127 |
| SGI | CLOSED OUT | 0 | 251,222 | -100.0% | 0 |
| MSFT | CLOSED OUT | 0 | 55,744 | -100.0% | 0 |
| FIG | CLOSED OUT | 0 | 28,113 | -100.0% | 0 |
Holdings (latest quarter)
| Ticker | Change | Issuer | Class | CUSIP | Value ($) | Weight % | Shares |
|---|---|---|---|---|---|---|---|
| - | VANGUARD INDEX FDS | S&P 500 ETF SHS | 922908363 | 289,994,534 | 30.47 | 422234.0 | |
| - | ISHARES TR | CORE MSCI EAFE | 46432F842 | 98,306,561 | 10.33 | 1017877.0 | |
| - | ISHARES INC | CORE MSCI EMKT | 46434G103 | 48,927,126 | 5.14 | 590622.0 | |
| - | VEEVA SYS INC | CL A COM | 922475108 | 35,931,464 | 3.77 | 202465.0 | |
| GWRE | ADDED | GUIDEWIRE SOFTWARE INC | COM | 40171V100 | 34,821,181 | 3.66 | 282984.0 |
| - | TAIWAN SEMICONDUCTOR MANUFAC | SPONSORED ADS | 874039100 | 34,123,809 | 3.59 | 71453.0 | |
| - | SELECT SECTOR SPDR TR | ST STR CARE ETF | 81369Y209 | 31,287,911 | 3.29 | 197201.0 | |
| V | ADDED | VISA INC | COM CL A | 92826C839 | 30,963,529 | 3.25 | 90249.0 |
| AMZN | REDUCED | AMAZON COM INC | COM | 023135106 | 30,941,299 | 3.25 | 129820.0 |
| - | MOODYS CORP | COM | 615369105 | 27,026,189 | 2.84 | 59671.0 | |
| LLYVA | ADDED | LIBERTY LIVE HOLDINGS INC | COM SHS SER C | 530909308 | 25,329,725 | 2.66 | 239774.0 |
| MTZ | REDUCED | MASTEC INC | COM | 576323109 | 25,151,659 | 2.64 | 60452.0 |
| - | GE AEROSPACE | COM NEW | 369604301 | 25,122,131 | 2.64 | 67220.0 | |
| MELI | NEW | MERCADOLIBRE INC | COM | 58733R102 | 24,450,903 | 2.57 | 14405.0 |
| SPGI | ADDED | S&P GLOBAL INC | COM | 78409V104 | 22,642,841 | 2.38 | 55598.0 |
| - | CRH PLC | ORD | G25508105 | 22,026,271 | 2.31 | 205853.0 | |
| PCOR | ADDED | PROCORE TECHNOLOGIES INC | COM | 74275K108 | 20,217,630 | 2.12 | 497726.0 |
| CPNG | ADDED | COUPANG INC | CL A | 22266T109 | 19,038,441 | 2.0 | 1096053.0 |
| NVDA | REDUCED | NVIDIA CORPORATION | COM | 67066G104 | 18,954,126 | 1.99 | 94728.0 |
| GOOGL | REDUCED | ALPHABET INC | CAP STK CL A | 02079K305 | 18,805,524 | 1.98 | 52622.0 |
| - | NEW YORK TIMES CO MTN BE | CL A | 650111107 | 16,364,683 | 1.72 | 233848.0 | |
| - | JOHNSON CONTROLS INTERNATION | SHS | G51502105 | 15,212,243 | 1.6 | 104115.0 | |
| FSLR | UNCHANGED | FIRST SOLAR INC | COM | 336433107 | 13,650,522 | 1.43 | 57851.0 |
| - | SELECT SECTOR SPDR TR | ST STR STAPL ETF | 81369Y308 | 11,198,667 | 1.18 | 134810.0 | |
| SNDA | UNCHANGED | SONIDA SENIOR LIVING INC | COM | 140475203 | 7,548,000 | 0.79 | 185000.0 |
| MDLN | ADDED | MEDLINE INC | COM CL A | 58507V107 | 3,811,127 | 0.4 | 96631.0 |
Quarterly portfolios
| Period | Filed | Value ($) | Positions | Vol % | Beta | Max DD % |
|---|---|---|---|---|---|---|
| 2026-06-30 | 2026-08-10 | 951,848,096 | 26 | 5.658188 | 0.252151 | 10.408598 |
| 2026-03-31 | 2026-05-11 | 866,074,070 | 27 | 6.679857 | 0.304547 | 12.444488 |
| 2025-12-31 | 2026-02-03 | 834,450,029 | 26 | 6.398346 | 0.289693 | 11.958248 |
| 2025-09-30 | 2025-11-10 | 968,470,178 | 24 | 6.08829 | 0.276681 | 11.336141 |
| 2025-03-31 | 2025-05-13 | 968,707,136 | 25 | 5.610986 | 0.255889 | 10.825454 |
| 2024-12-31 | 2025-02-12 | 616,492,969 | 41 | 6.996583 | 0.326267 | 13.673907 |