AI Portfolio Summary
In 2025 Q4, MAKENA CAPITAL MANAGEMENT LLC maintained a portfolio of 27 distinct positions. The most significant new addition to the portfolio was CRH PLC, which now represents 1.98% of the total fund value. They heavily accumulated shares in GUIDEWIRE SOFTWARE I, increasing their position by 1.1%. Conversely, MAKENA CAPITAL MANAGEMENT LLC completely exited their position in FLUTTER ENTMT PLC.
Total Positions
27
Quarter
2025 Q4
Top Holding
VOO (30.2%)
Top 10 Concentration
69.3%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
1-25 of 27
| Stock | History | Sector / Type | Port % | Prev % | Rank / Prev | Conviction | Change | % Change | Influence | Shares | Mkt Value | Avg Cost | Price Held | 1st Owned | Source | Source Date | Date Reported |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
VOO
VANGUARD INDEX ...
|
ETF | 30.21% | 32.23% |
#1
Prev: #1
|
6.0 | -107,821 | -21.2% |
P
S
|
401,937 | $252,066,751 | 2024 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
IEFA
ISHARES TR
|
ETF | 10.02% | 10.52% |
#2
Prev: #2
|
6.0 | -232,774 | -19.9% |
P
S
|
934,336 | $83,576,355 | 2014 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
IEMG
ISHARES INC
|
ETF | 4.66% | 4.93% |
#3
Prev: #3
|
2.9 | -145,250 | -20.1% |
P
S
|
578,596 | $38,893,223 | 2024 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
AMZN
AMAZON COM INC
|
Consumer Cyclical | 4.07% | 3.93% |
#4
1
Prev: #5
|
2.6 | -26,227 | -15.1% |
P
S
|
147,183 | $33,972,780 | 2019 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
MSFT
MICROSOFT CORP
|
Technology | 4.06% | 3.99% |
#5
1
Prev: #4
|
2.6 | -4,517 | -6.1% |
P
S
|
70,000 | $33,853,400 | 2019 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
XLV
SELECT SECTOR S...
|
Unknown | 3.38% | 3.38% |
#6
Prev: #6
|
1.4 | -53,012 | -22.5% |
P
S
|
182,397 | $28,235,056 | 2024 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
V
VISA INC
|
Financial Services | 3.38% | 3.33% |
#7
Prev: #7
|
1.9 | -14,067 | -14.9% |
P
S
|
80,424 | $28,205,501 | 2022 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
GWRE
GUIDEWIRE SOFTW...
|
Technology | 3.36% | 3.27% |
#8
1
Prev: #9
|
1.8 | 1,472 | 1.1% |
P
S
|
139,315 | $28,003,708 | 2024 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
TSM
TAIWAN SEMICOND...
|
Technology | 3.08% | 2.68% |
#9
4
Prev: #13
|
1.7 | -8,454 | -9.1% |
P
S
|
84,495 | $25,677,186 | 2025 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
VEEV
VEEVA SYS INC
|
Healthcare | 3.04% | 2.68% |
#10
1
Prev: #11
|
3.7 | 26,526 | 30.4% |
P
S
|
113,799 | $25,403,351 | 2025 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
GE
GE AEROSPACE
|
Industrials | 2.69% | 2.68% |
#11
3
Prev: #14
|
1.6 | -13,289 | -15.4% |
P
S
|
72,847 | $22,439,061 | 2023 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
LLYVK
LIBERTY LIVE HO...
|
Communication Services | 2.68% | 2.62% |
#12
3
Prev: #15
|
1.6 | 7,293 | 2.8% |
P
S
|
269,418 | $22,404,801 | 2024 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
MTZ
MASTEC INC
|
Industrials | 2.67% | 2.68% |
#13
1
Prev: #12
|
1.6 | -19,662 | -16.1% |
P
S
|
102,423 | $22,263,688 | 2024 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
MCO
MOODYS CORP
|
Financial Services | 2.36% | 3.28% |
#14
6
Prev: #8
|
0.9 | -28,021 | -42.1% |
P
S
|
38,598 | $19,717,788 | 2023 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
SGI
SOMNIGROUP INTE...
|
Consumer Cyclical | 2.34% | 3.01% |
#15
5
Prev: #10
|
0.9 | -126,420 | -36.6% |
P
S
|
218,934 | $19,546,428 | 2019 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
FERG
FERGUSON ENTERP...
|
Industrials | 2.32% | 1.96% |
#16
3
Prev: #19
|
1.4 | 2,495 | 3.0% |
P
S
|
87,063 | $19,382,836 | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
GOOGL
ALPHABET INC
|
Communication Services | 2.04% | 1.94% |
#17
3
Prev: #20
|
0.8 | -22,859 | -29.6% |
P
S
|
54,435 | $17,038,155 | 2019 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
SPGI
S&P GLOBAL INC
|
Financial Services | 2.03% | 2.62% |
#18
2
Prev: #16
|
0.8 | -19,686 | -37.7% |
P
S
|
32,469 | $16,967,975 | 2023 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
PCOR
PROCORE TECHNOL...
|
Technology | 2.03% | 1.30% |
#19
2
Prev: #21
|
3.3 | 59,423 | 34.3% |
P
S
|
232,527 | $16,914,014 | 2023 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
USFD
US FOODS HLDG C...
|
Consumer Defensive | 2.02% | 2.00% |
#20
3
Prev: #17
|
1.3 | -29,291 | -11.6% |
P
S
|
223,384 | $16,825,283 | 2023 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CRH
CRH PLC
|
Basic Materials | 1.98% | — |
#21
Prev: #—
|
4.3 | 132,428 | no change |
NEW
|
132,428 | $16,527,014 | 2023 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CPNG
COUPANG INC
|
Consumer Cyclical | 1.95% | 1.97% |
#22
4
Prev: #18
|
2.8 | 99,397 | 16.8% |
P
S
|
691,386 | $16,309,796 | 2024 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
XLP
SELECT SECTOR S...
|
Unknown | 1.41% | 1.28% |
#23
1
Prev: #22
|
1.1 | -6,140 | -3.9% |
P
S
|
151,503 | $11,768,753 | 2020 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
FSLR
FIRST SOLAR INC
|
Technology | 1.36% | — |
#24
Prev: #—
|
4.0 | 43,539 | no change |
NEW
|
43,539 | $11,373,693 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
SNDA
SONIDA SENIOR L...
|
Healthcare | 0.72% | 0.53% |
#25
1
Prev: #24
|
1.3 | no change | no change |
P
S
|
185,000 | $6,032,850 | 2024 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
FLUT
FLUTTER ENTMT P...
|
Consumer Cyclical | 0.00% | 1.19% |
Sold All 😨
(Was: #23) |
0.0 | -45,344 | -100.0% |
CLOSED
|
— | $— | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) |
Showing 1-25 of 27 holdings