2026 Q2 Portfolio Activity
In 2026 Q2, MAKENA CAPITAL MANAGEMENT LLC maintained a portfolio of 29 distinct positions. The most significant new addition was MERCADOLIBRE INC, now representing 2.57% of the total fund value. They heavily accumulated shares in VEEVA SYS INC, increasing the position by 30.4%. Conversely, MAKENA CAPITAL MANAGEMENT LLC completely exited their position in MICROSOFT CORP.
Position History
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Total Positions
29
Quarter
2026 Q2
Top Holding
VOO (30.5%)
Top 10 Concentration
69.6%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-29 of 29
MAKENA CAPITAL MANAGEMENT LLC Full Holdings List — 2026 Q2
| 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 | 30.47% | 30.55% |
#1
Prev: #1
|
6.5 |
—
|
-20,503 | -4.6% |
P
S
|
422,234 | $289,994,534 | 2024 Q4 | 13F Filing | 2026-06-30 | 2026-08-10 | |||
|
IEFA
ISHARES TR
|
ETF | 10.33% | 11.27% |
#2
Prev: #2
|
6.0 |
—
|
-59,999 | -5.6% |
P
S
|
1,017,877 | $98,306,561 | 2014 Q3 | 13F Filing | 2026-06-30 | 2026-08-10 | |||
|
IEMG
ISHARES INC
|
ETF | 5.14% | 5.57% |
#3
Prev: #3
|
3.6 |
—
|
-101,501 | -14.7% |
P
S
|
590,622 | $48,927,126 | 2024 Q4 | 13F Filing | 2026-06-30 | 2026-08-10 | |||
|
VEEV
VEEVA SYS INC
|
Healthcare | 3.77% | 3.15% |
#4
3
Prev: #7
|
4.5 |
—
|
47,167 | 30.4% |
P
S
|
202,465 | $35,931,464 | 2025 Q2 | 13F Filing | 2026-06-30 | 2026-08-10 | |||
|
GWRE
GUIDEWIRE SOFTW...
|
Technology | 3.66% | 3.46% |
#5
Prev: #5
|
4.5 |
—
|
82,341 | 41.0% |
P
S
|
282,984 | $34,821,181 | 2024 Q2 | 13F Filing | 2026-06-30 | 2026-08-10 | |||
|
TSM
TAIWAN SEMICOND...
|
Technology | 3.59% | 3.27% |
#6
Prev: #6
|
1.9 |
—
|
-12,273 | -14.7% |
P
S
|
71,453 | $34,123,809 | 2025 Q2 | 13F Filing | 2026-06-30 | 2026-08-10 | |||
|
XLV
SELECT SECTOR S...
|
ETF | 3.29% | 2.94% |
#7
2
Prev: #9
|
3.3 |
—
|
23,328 | 13.4% |
P
S
|
197,201 | $31,287,911 | 2024 Q2 | 13F Filing | 2026-06-30 | 2026-08-10 | |||
|
V
VISA INC
|
Financial Services | 3.25% | 3.14% |
#8
Prev: #8
|
1.8 |
—
|
188 | 0.2% |
P
S
|
90,249 | $30,963,529 | 2022 Q4 | 13F Filing | 2026-06-30 | 2026-08-10 | |||
|
AMZN
AMAZON COM INC
|
Consumer Cyclical | 3.25% | 3.54% |
#9
5
Prev: #4
|
1.8 |
—
|
-17,363 | -11.8% |
P
S
|
129,820 | $30,941,299 | 2019 Q4 | 13F Filing | 2026-06-30 | 2026-08-10 | |||
|
MCO
MOODYS CORP
|
Financial Services | 2.84% | 2.47% |
#10
2
Prev: #12
|
3.6 |
—
|
10,613 | 21.6% |
P
S
|
59,671 | $27,026,189 | 2023 Q4 | 13F Filing | 2026-06-30 | 2026-08-10 | |||
|
LLYVK
LIBERTY LIVE HO...
|
Communication Services | 2.66% | 2.50% |
#11
Prev: #11
|
1.6 |
—
|
9,923 | 4.3% |
P
S
|
239,774 | $25,329,725 | 2024 Q3 | 13F Filing | 2026-06-30 | 2026-08-10 | |||
|
MTZ
MASTEC INC
|
Industrials | 2.64% | 2.94% |
#12
2
Prev: #10
|
1.1 |
—
|
-18,773 | -23.7% |
P
S
|
60,452 | $25,151,659 | 2024 Q2 | 13F Filing | 2026-06-30 | 2026-08-10 | |||
|
GE
GE AEROSPACE
|
Industrials | 2.64% | 2.19% |
#13
3
Prev: #16
|
1.6 |
—
|
457 | 0.7% |
P
S
|
67,220 | $25,122,131 | 2023 Q3 | 13F Filing | 2026-06-30 | 2026-08-10 | |||
|
MELI
MERCADOLIBRE I...
|
Consumer Cyclical | 2.57% | — |
#14
Prev: #—
|
4.5 |
—
|
14,405 | — |
NEW
|
14,405 | $24,450,903 | 2021 Q1 | 13F Filing | 2026-06-30 | 2026-08-10 | |||
|
SPGI
S&P GLOBAL INC
|
Financial Services | 2.38% | 2.26% |
#15
Prev: #15
|
3.5 |
—
|
9,569 | 20.8% |
P
S
|
55,598 | $22,642,841 | 2023 Q4 | 13F Filing | 2026-06-30 | 2026-08-10 | |||
|
CRH
CRH PLC
|
Basic Materials | 2.31% | 2.29% |
#16
2
Prev: #14
|
2.9 |
—
|
17,054 | 9.0% |
P
S
|
205,853 | $22,026,271 | 2023 Q4 | 13F Filing | 2026-06-30 | 2026-08-10 | |||
|
PCOR
PROCORE TECHNOL...
|
Technology | 2.12% | 2.11% |
#17
2
Prev: #19
|
3.8 |
—
|
177,045 | 55.2% |
P
S
|
497,726 | $20,217,630 | 2023 Q3 | 13F Filing | 2026-06-30 | 2026-08-10 | |||
|
CPNG
COUPANG INC
|
Consumer Cyclical | 2.00% | 1.92% |
#18
3
Prev: #21
|
3.3 |
—
|
213,287 | 24.2% |
P
S
|
1,096,053 | $19,038,441 | 2024 Q3 | 13F Filing | 2026-06-30 | 2026-08-10 | |||
|
NVDA
NVIDIA CORPORAT...
|
Technology | 1.99% | 2.14% |
#19
1
Prev: #18
|
1.3 |
—
|
-11,448 | -10.8% |
P
S
|
94,728 | $18,954,126 | 2026 Q1 | 13F Filing | 2026-06-30 | 2026-08-10 | |||
|
GOOGL
ALPHABET INC
|
Communication Services | 1.98% | 2.04% |
#20
Prev: #20
|
1.3 |
—
|
-8,866 | -14.4% |
P
S
|
52,622 | $18,805,524 | 2019 Q4 | 13F Filing | 2026-06-30 | 2026-08-10 | |||
|
NYT
NEW YORK TIMES ...
|
Communication Services | 1.72% | — |
#21
Prev: #—
|
4.2 |
—
|
233,848 | — |
NEW
|
233,848 | $16,364,683 | 2026 Q2 | 13F Filing | 2026-06-30 | 2026-08-10 | |||
|
JCI
JOHNSON CONTROL...
|
Industrials | 1.60% | 1.71% |
#22
Prev: #22
|
1.1 |
—
|
-9,122 | -8.1% |
P
S
|
104,115 | $15,212,243 | 2026 Q1 | 13F Filing | 2026-06-30 | 2026-08-10 | |||
|
FSLR
FIRST SOLAR INC
|
Technology | 1.43% | 1.32% |
#23
1
Prev: #24
|
1.6 |
—
|
no change | no change |
P
S
|
57,851 | $13,650,522 | 2025 Q4 | 13F Filing | 2026-06-30 | 2026-08-10 | |||
|
XLP
SELECT SECTOR S...
|
ETF | 1.18% | 1.44% |
#24
1
Prev: #23
|
1.0 |
—
|
-17,538 | -11.5% |
P
S
|
134,810 | $11,198,667 | 2020 Q4 | 13F Filing | 2026-06-30 | 2026-08-10 | |||
|
SNDA
SONIDA SENIOR L...
|
Healthcare | 0.79% | 0.69% |
#25
Prev: #25
|
1.3 |
—
|
no change | no change |
P
S
|
185,000 | $7,548,000 | 2024 Q3 | 13F Filing | 2026-06-30 | 2026-08-10 | |||
|
MDLN
MEDLINE INC
|
Healthcare | 0.40% | 0.48% |
#26
Prev: #26
|
0.7 |
—
|
2,682 | 2.9% |
P
S
|
96,631 | $3,811,127 | 2026 Q1 | 13F Filing | 2026-06-30 | 2026-08-10 | |||
|
FIG
FIGMA INC
|
Technology | 0.00% | 0.07% |
Sold All 😨
(Was: #27) |
0.0 |
—
|
-28,113 | -100.0% |
CLOSED
|
— | $— | 2025 Q4 | 13F Filing | 2026-06-30 | 2026-08-10 | |||
|
SGI
SOMNIGROUP INTE...
|
Consumer Cyclical | 0.00% | 2.14% |
Sold All 😨
(Was: #17) |
0.0 |
—
|
-251,222 | -100.0% |
CLOSED
|
— | $— | 2019 Q4 | 13F Filing | 2026-06-30 | 2026-08-10 | |||
|
MSFT
MICROSOFT CORP
|
Technology | 0.00% | 2.38% |
Sold All 😨
(Was: #13) |
0.0 |
—
|
-55,744 | -100.0% |
CLOSED
|
— | $— | 2019 Q4 | 13F Filing | 2026-06-30 | 2026-08-10 |
Showing 1-29 of 29 holdings