2026 Q3 Portfolio Activity
In 2026 Q3, MAKENA CAPITAL MANAGEMENT LLC maintained a portfolio of 29 distinct positions. The most significant new addition was ADVANCED MICRO DEVICES INC, now representing 1.72% of the total fund value. They heavily accumulated shares in SELECT SECTOR SPDR TR, increasing the position by 91.8%. Conversely, MAKENA CAPITAL MANAGEMENT LLC completely exited their position in COUPANG INC.
Position History
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Total Positions
29
Quarter
2026 Q3
Top Holding
VOO (30.9%)
Top 10 Concentration
69.4%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-29 of 29
MAKENA CAPITAL MANAGEMENT LLC Full Holdings List — 2026 Q3
| 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 | 30.88% | 30.47% |
#1
Prev: #1
|
6.5 |
—
|
1,089 | 0.3% |
P
S
|
423,323 | $296,690,158 |
$518.07
+30.5%
|
2024 Q4 | 13F Filing | 2026-09-30 | 2026-11-06 | ||
|
IEFA
ISHARES TR
|
ETF | 9.98% | 10.33% |
#2
Prev: #2
|
6.0 |
—
|
-28,037 | -2.8% |
P
S
|
989,840 | $95,895,699 | 2014 Q3 | 13F Filing | 2026-09-30 | 2026-11-06 | |||
|
IEMG
ISHARES INC
|
ETF | 5.27% | 5.14% |
#3
Prev: #3
|
5.1 |
—
|
33,400 | 5.7% |
P
S
|
624,022 | $50,645,626 | 2024 Q4 | 13F Filing | 2026-09-30 | 2026-11-06 | |||
|
TSM
TAIWAN SEMICOND...
|
Technology | 4.36% | 3.59% |
#4
2
Prev: #6
|
4.7 |
—
|
20,469 | 28.6% |
P
S
|
91,922 | $41,933,897 | 2025 Q2 | 13F Filing | 2026-09-30 | 2026-11-06 | |||
|
AMZN
AMAZON COM INC
|
Consumer Cyclical | 3.84% | 3.25% |
#5
4
Prev: #9
|
4.0 |
—
|
18,418 | 14.2% |
P
S
|
148,238 | $36,933,498 | 2019 Q4 | 13F Filing | 2026-09-30 | 2026-11-06 | |||
|
V
VISA INC
|
Financial Services | 3.23% | 3.25% |
#6
2
Prev: #8
|
1.8 |
—
|
-3,983 | -4.4% |
P
S
|
86,266 | $30,997,962 | 2022 Q4 | 13F Filing | 2026-09-30 | 2026-11-06 | |||
|
XLV
SELECT SECTOR S...
|
ETF | 3.22% | 3.29% |
#7
Prev: #7
|
1.8 |
—
|
-13,543 | -6.9% |
P
S
|
183,658 | $30,931,680 | 2024 Q2 | 13F Filing | 2026-09-30 | 2026-11-06 | |||
|
VEEV
VEEVA SYS INC
|
Healthcare | 3.10% | 3.77% |
#8
4
Prev: #4
|
1.2 |
—
|
-97,975 | -48.4% |
P
S
|
104,490 | $29,826,671 | 2025 Q2 | 13F Filing | 2026-09-30 | 2026-11-06 | |||
|
MELI
MERCADOLIBRE I...
|
Consumer Cyclical | 2.99% | 2.57% |
#9
5
Prev: #14
|
3.2 |
—
|
2,211 | 15.3% |
P
S
|
16,616 | $28,721,254 | 2021 Q1 | 13F Filing | 2026-09-30 | 2026-11-06 | |||
|
GWRE
GUIDEWIRE SOFTW...
|
Technology | 2.55% | 3.66% |
#10
5
Prev: #5
|
1.0 |
—
|
-110,838 | -39.2% |
P
S
|
172,146 | $24,544,577 | 2024 Q2 | 13F Filing | 2026-09-30 | 2026-11-06 | |||
|
NVDA
NVIDIA CORPORAT...
|
Technology | 2.48% | 1.99% |
#11
8
Prev: #19
|
3.0 |
—
|
9,427 | 10.0% |
P
S
|
104,155 | $23,786,919 | 2026 Q1 | 13F Filing | 2026-09-30 | 2026-11-06 | |||
|
GE
GE AEROSPACE
|
Industrials | 2.38% | 2.64% |
#12
1
Prev: #13
|
3.0 |
—
|
6,148 | 9.1% |
P
S
|
73,368 | $22,912,093 | 2023 Q3 | 13F Filing | 2026-09-30 | 2026-11-06 | |||
|
GOOGL
ALPHABET INC
|
Communication Services | 2.32% | 1.98% |
#13
7
Prev: #20
|
3.4 |
—
|
12,277 | 23.3% |
P
S
|
64,899 | $22,330,448 | 2019 Q4 | 13F Filing | 2026-09-30 | 2026-11-06 | |||
|
MTZ
MASTEC INC
|
Industrials | 2.19% | 2.64% |
#14
2
Prev: #12
|
3.9 |
—
|
38,141 | 63.1% |
P
S
|
98,593 | $21,061,437 | 2024 Q2 | 13F Filing | 2026-09-30 | 2026-11-06 | |||
|
XLP
SELECT SECTOR S...
|
ETF | 2.17% | 1.18% |
#15
9
Prev: #24
|
3.9 |
—
|
123,739 | 91.8% |
P
S
|
258,549 | $20,839,049 | 2020 Q4 | 13F Filing | 2026-09-30 | 2026-11-06 | |||
|
MCO
MOODYS CORP
|
Financial Services | 2.10% | 2.84% |
#16
6
Prev: #10
|
0.8 |
—
|
-15,140 | -25.4% |
P
S
|
44,531 | $20,222,863 | 2023 Q4 | 13F Filing | 2026-09-30 | 2026-11-06 | |||
|
CRH
CRH PLC
|
Basic Materials | 2.02% | 2.31% |
#17
1
Prev: #16
|
2.8 |
—
|
28,997 | 14.1% |
P
S
|
234,850 | $19,445,580 | 2023 Q4 | 13F Filing | 2026-09-30 | 2026-11-06 | |||
|
NYT
NEW YORK TIMES ...
|
Communication Services | 1.92% | 1.72% |
#18
3
Prev: #21
|
3.3 |
—
|
55,193 | 23.6% |
P
S
|
289,041 | $18,411,912 | 2026 Q2 | 13F Filing | 2026-09-30 | 2026-11-06 | |||
|
SPGI
S&P GLOBAL INC
|
Financial Services | 1.84% | 2.38% |
#19
4
Prev: #15
|
1.2 |
—
|
-10,767 | -19.4% |
P
S
|
44,831 | $17,684,485 | 2023 Q4 | 13F Filing | 2026-09-30 | 2026-11-06 | |||
|
LLYVK
LIBERTY LIVE HO...
|
Communication Services | 1.84% | 2.66% |
#20
9
Prev: #11
|
0.7 |
—
|
-57,936 | -24.2% |
P
S
|
181,838 | $17,683,746 | 2024 Q3 | 13F Filing | 2026-09-30 | 2026-11-06 | |||
|
JCI
JOHNSON CONTROL...
|
Industrials | 1.73% | 1.60% |
#21
1
Prev: #22
|
2.7 |
—
|
7,555 | 7.3% |
P
S
|
111,670 | $16,599,746 | 2026 Q1 | 13F Filing | 2026-09-30 | 2026-11-06 | |||
|
AMD
ADVANCED MICRO ...
|
Technology | 1.72% | — |
#22
Prev: #—
|
4.2 |
—
|
27,004 | — |
NEW
|
27,004 | $16,519,967 | 2026 Q3 | 13F Filing | 2026-09-30 | 2026-11-06 | |||
|
SKHY
SK HYNIX INC
|
Technology | 1.50% | — |
#23
Prev: #—
|
4.1 |
—
|
78,205 | — |
NEW
|
78,205 | $14,401,451 | 2026 Q3 | 13F Filing | 2026-09-30 | 2026-11-06 | |||
|
SHW
SHERWIN WILLIAM...
|
Basic Materials | 1.48% | — |
#24
Prev: #—
|
4.1 |
—
|
43,903 | — |
NEW
|
43,903 | $14,192,523 | 2024 Q3 | 13F Filing | 2026-09-30 | 2026-11-06 | |||
|
PCOR
PROCORE TECHNOL...
|
Technology | 1.08% | 2.12% |
#25
8
Prev: #17
|
0.4 |
—
|
-296,441 | -59.6% |
P
S
|
201,285 | $10,410,460 | 2023 Q3 | 13F Filing | 2026-09-30 | 2026-11-06 | |||
|
FSLR
FIRST SOLAR INC
|
Technology | 1.05% | 1.43% |
#26
3
Prev: #23
|
1.4 |
—
|
no change | no change |
P
S
|
57,851 | $10,133,181 | 2025 Q4 | 13F Filing | 2026-09-30 | 2026-11-06 | |||
|
SNDA
SONIDA SENIOR L...
|
Healthcare | 0.72% | 0.79% |
#27
2
Prev: #25
|
1.3 |
—
|
no change | no change |
P
S
|
185,000 | $6,952,300 | 2024 Q3 | 13F Filing | 2026-09-30 | 2026-11-06 | |||
|
MDLN
MEDLINE INC
|
Healthcare | 0.00% | 0.40% |
Sold All 😨
(Was: #26) |
0.0 |
—
|
-96,631 | -100.0% |
CLOSED
|
— | $— | 2026 Q1 | 13F Filing | 2026-09-30 | 2026-11-06 | |||
|
CPNG
COUPANG INC
|
Consumer Cyclical | 0.00% | 2.00% |
Sold All 😨
(Was: #18) |
0.0 |
—
|
-1,096,053 | -100.0% |
CLOSED
|
— | $— | 2024 Q3 | 13F Filing | 2026-09-30 | 2026-11-06 |
Showing 1-29 of 29 holdings