2026 Q1 Portfolio Activity
In 2026 Q1, MAKENA CAPITAL MANAGEMENT LLC maintained a portfolio of 29 distinct positions. The most significant new addition was NVIDIA CORPORATION, now representing 2.14% of the total fund value. They heavily accumulated shares in ISHARES TR, increasing the position by 15.4%. Conversely, MAKENA CAPITAL MANAGEMENT LLC completely exited their position in FERGUSON ENTERPRISES INC.
Position History
hover any row below to update
Loading…
Total Positions
29
Quarter
2026 Q1
Top Holding
VOO (30.5%)
Top 10 Concentration
69.8%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-29 of 29
MAKENA CAPITAL MANAGEMENT LLC Full Holdings List — 2026 Q1
| 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 | 30.55% | 30.21% |
#1
Prev: #1
|
8.0 |
—
|
40,800 | 10.2% |
P
S
|
442,737 | $264,557,494 | 2024 Q4 | 13F Filing | 2026-03-31 | 2026-05-11 | |||
|
IEFA
ISHARES TR
|
ETF | 11.27% | 10.02% |
#2
Prev: #2
|
7.5 |
—
|
143,540 | 15.4% |
P
S
|
1,077,876 | $97,580,114 | 2014 Q3 | 13F Filing | 2026-03-31 | 2026-05-11 | |||
|
IEMG
ISHARES INC
|
ETF | 5.57% | 4.66% |
#3
Prev: #3
|
5.2 |
—
|
113,527 | 19.6% |
P
S
|
692,123 | $48,275,579 | 2024 Q4 | 13F Filing | 2026-03-31 | 2026-05-11 | |||
|
AMZN
AMAZON COM INC
|
Consumer Cyclical | 3.54% | 4.07% |
#4
Prev: #4
|
2.9 |
—
|
no change | no change |
P
S
|
147,183 | $30,653,803 | 2019 Q4 | 13F Filing | 2026-03-31 | 2026-05-11 | |||
|
GWRE
GUIDEWIRE SOFTW...
|
Technology | 3.46% | 3.36% |
#5
3
Prev: #8
|
4.4 |
—
|
61,328 | 44.0% |
P
S
|
200,643 | $30,008,167 | 2024 Q2 | 13F Filing | 2026-03-31 | 2026-05-11 | |||
|
TSM
TAIWAN SEMICOND...
|
Technology | 3.27% | 3.08% |
#6
3
Prev: #9
|
1.8 |
—
|
-769 | -0.9% |
P
S
|
83,726 | $28,295,202 | 2025 Q2 | 13F Filing | 2026-03-31 | 2026-05-11 | |||
|
VEEV
VEEVA SYS INC
|
Healthcare | 3.15% | 3.04% |
#7
3
Prev: #10
|
3.8 |
—
|
41,499 | 36.5% |
P
S
|
155,298 | $27,279,647 | 2025 Q2 | 13F Filing | 2026-03-31 | 2026-05-11 | |||
|
V
VISA INC
|
Financial Services | 3.14% | 3.38% |
#8
1
Prev: #7
|
3.3 |
—
|
9,637 | 12.0% |
P
S
|
90,061 | $27,220,037 | 2022 Q4 | 13F Filing | 2026-03-31 | 2026-05-11 | |||
|
XLV
SELECT SECTOR S...
|
Unknown | 2.94% | 3.38% |
#9
3
Prev: #6
|
1.7 |
—
|
-8,524 | -4.7% |
P
S
|
173,873 | $25,491,521 | 2024 Q2 | 13F Filing | 2026-03-31 | 2026-05-11 | |||
|
MTZ
MASTEC INC
|
Industrials | 2.94% | 2.67% |
#10
3
Prev: #13
|
1.2 |
—
|
-23,198 | -22.6% |
P
S
|
79,225 | $25,489,852 | 2024 Q2 | 13F Filing | 2026-03-31 | 2026-05-11 | |||
|
LLYVK
LIBERTY LIVE HO...
|
Communication Services | 2.50% | 2.68% |
#11
1
Prev: #12
|
1.5 |
—
|
-39,567 | -14.7% |
P
S
|
229,851 | $21,631,278 | 2024 Q3 | 13F Filing | 2026-03-31 | 2026-05-11 | |||
|
MCO
MOODYS CORP
|
Financial Services | 2.47% | 2.36% |
#12
2
Prev: #14
|
3.5 |
—
|
10,460 | 27.1% |
P
S
|
49,058 | $21,401,553 | 2023 Q4 | 13F Filing | 2026-03-31 | 2026-05-11 | |||
|
MSFT
MICROSOFT CORP
|
Technology | 2.38% | 4.06% |
#13
8
Prev: #5
|
1.0 |
—
|
-14,256 | -20.4% |
P
S
|
55,744 | $20,634,756 | 2019 Q4 | 13F Filing | 2026-03-31 | 2026-05-11 | |||
|
CRH
CRH PLC
|
Basic Materials | 2.29% | 1.98% |
#14
7
Prev: #21
|
3.4 |
—
|
56,371 | 42.6% |
P
S
|
188,799 | $19,846,551 | 2023 Q4 | 13F Filing | 2026-03-31 | 2026-05-11 | |||
|
SPGI
S&P GLOBAL INC
|
Financial Services | 2.26% | 2.03% |
#15
3
Prev: #18
|
3.4 |
—
|
13,560 | 41.8% |
P
S
|
46,029 | $19,577,975 | 2023 Q4 | 13F Filing | 2026-03-31 | 2026-05-11 | |||
|
GE
GE AEROSPACE
|
Industrials | 2.19% | 2.69% |
#16
5
Prev: #11
|
1.4 |
—
|
-6,084 | -8.4% |
P
S
|
66,763 | $18,945,337 | 2023 Q3 | 13F Filing | 2026-03-31 | 2026-05-11 | |||
|
SGI
SOMNIGROUP INTE...
|
Consumer Cyclical | 2.14% | 2.34% |
#17
2
Prev: #15
|
2.9 |
—
|
32,288 | 14.7% |
P
S
|
251,222 | $18,570,330 | 2019 Q4 | 13F Filing | 2026-03-31 | 2026-05-11 | |||
|
NVDA
NVIDIA CORPORAT...
|
Technology | 2.14% | — |
#18
Prev: #—
|
4.4 |
—
|
106,176 | — |
NEW
|
106,176 | $18,517,094 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-11 | |||
|
PCOR
PROCORE TECHNOL...
|
Technology | 2.11% | 2.03% |
#19
Prev: #19
|
3.3 |
—
|
88,154 | 37.9% |
P
S
|
320,681 | $18,278,817 | 2023 Q3 | 13F Filing | 2026-03-31 | 2026-05-11 | |||
|
GOOGL
ALPHABET INC
|
Communication Services | 2.04% | 2.04% |
#20
3
Prev: #17
|
2.8 |
—
|
7,053 | 13.0% |
P
S
|
61,488 | $17,681,489 | 2019 Q4 | 13F Filing | 2026-03-31 | 2026-05-11 | |||
|
CPNG
COUPANG INC
|
Consumer Cyclical | 1.92% | 1.95% |
#21
1
Prev: #22
|
3.3 |
—
|
191,380 | 27.7% |
P
S
|
882,766 | $16,666,622 | 2024 Q3 | 13F Filing | 2026-03-31 | 2026-05-11 | |||
|
JCI
JOHNSON CONTROL...
|
Industrials | 1.71% | — |
#22
Prev: #—
|
4.2 |
—
|
113,237 | — |
NEW
|
113,237 | $14,828,385 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-11 | |||
|
XLP
SELECT SECTOR S...
|
Unknown | 1.44% | 1.41% |
#23
Prev: #23
|
1.1 |
—
|
845 | 0.6% |
P
S
|
152,348 | $12,489,489 | 2020 Q4 | 13F Filing | 2026-03-31 | 2026-05-11 | |||
|
FSLR
FIRST SOLAR INC
|
Technology | 1.32% | 1.36% |
#24
Prev: #24
|
3.0 |
—
|
14,312 | 32.9% |
P
S
|
57,851 | $11,411,688 | 2025 Q4 | 13F Filing | 2026-03-31 | 2026-05-11 | |||
|
SNDA
SONIDA SENIOR L...
|
Healthcare | 0.69% | 0.72% |
#25
Prev: #25
|
1.3 |
—
|
no change | no change |
P
S
|
185,000 | $5,966,250 | 2024 Q3 | 13F Filing | 2026-03-31 | 2026-05-11 | |||
|
MDLN
MEDLINE INC
|
Healthcare | 0.48% | — |
#26
Prev: #—
|
3.7 |
—
|
93,949 | — |
NEW
|
93,949 | $4,180,731 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-11 | |||
|
FIG
FIGMA INC
|
Technology | 0.07% | 0.13% |
#27
1
Prev: #26
|
1.0 |
—
|
no change | no change |
P
S
|
28,113 | $594,309 | 2025 Q4 | 13F Filing | 2026-03-31 | 2026-05-11 | |||
|
USFD
US FOODS HLDG C...
|
Consumer Defensive | 0.00% | 2.02% |
Sold All 😨
(Was: #20) |
0.0 |
—
|
-223,384 | -100.0% |
CLOSED
|
— | $— | 2023 Q4 | 13F Filing | 2026-03-31 | 2026-05-11 | |||
|
FERG
FERGUSON ENTERP...
|
Industrials | 0.00% | 2.32% |
Sold All 😨
(Was: #16) |
0.0 |
—
|
-87,063 | -100.0% |
CLOSED
|
— | $— | 2025 Q3 | 13F Filing | 2026-03-31 | 2026-05-11 |
Showing 1-29 of 29 holdings