Filed: 11/10/2025ACC: 0001359262-25-000007
📋 What this filing means
MAKENA CAPITAL MANAGEMENT LLC filed this quarterly 13F‑HR report disclosing 24 equity positions with a total reported market value of $968.47M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
24
Positions
$968.47M
Total AUM (reported)
5.80M
Total Shares
Allocation by class
S&P 500 ETF SHS$312.17M32.2%
COM$257.70M26.6%
CORE MSCI EAFE$101.87M10.5%
CORE MSCI EMKT$47.72M4.9%
SBI HEALTHCARE$32.76M3.4%
COM CL A$32.26M3.3%
CL A COM$26.00M2.7%
Portfolio Concentration
Top 3$461.75M47.7%
4–10$234.24M24.2%
11–25$272.48M28.1%
Top 3 weight
47.7%
Top 10 weight
71.9%
Voting Authority Distribution
Total shares with voting rights: 5.80M
Sole
Full voting authority
5.80M
shares
% of voting shares100.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole24
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings24
Rows:
VANGUARD INDEX FDS
SOLEShares509.76K
TypeSH
Market value$312.17M
32.23%
Sole
509.76K
Shared
0.00
None
0.00
ISHARES TR
SOLEShares1.17M
TypeSH
Market value$101.87M
10.52%
Sole
1.17M
Shared
0.00
None
0.00
ISHARES INC
SOLEShares723.85K
TypeSH
Market value$47.72M
4.93%
Sole
723.85K
Shared
0.00
None
0.00
MICROSOFT CORP
SOLEShares74.52K
TypeSH
Market value$38.60M
3.99%
Sole
74.52K
Shared
0.00
None
0.00
AMAZON COM INC
SOLEShares173.41K
TypeSH
Market value$38.08M
3.93%
Sole
173.41K
Shared
0.00
None
0.00
SELECT SECTOR SPDR TR
SOLEShares235.41K
TypeSH
Market value$32.76M
3.38%
Sole
235.41K
Shared
0.00
None
0.00
VISA INC
SOLEShares94.49K
TypeSH
Market value$32.26M
3.33%
Sole
94.49K
Shared
0.00
None
0.00
MOODYS CORP
SOLEShares66.62K
TypeSH
Market value$31.74M
3.28%
Sole
66.62K
Shared
0.00
None
0.00
GUIDEWIRE SOFTWARE INC
SOLEShares137.84K
TypeSH
Market value$31.68M
3.27%
Sole
137.84K
Shared
0.00
None
0.00
SOMNIGROUP INTERNATIONAL INC
SOLEShares345.35K
TypeSH
Market value$29.12M
3.01%
Sole
345.35K
Shared
0.00
None
0.00
VEEVA SYS INC
SOLEShares87.27K
TypeSH
Market value$26.00M
2.68%
Sole
87.27K
Shared
0.00
None
0.00
MASTEC INC
SOLEShares122.08K
TypeSH
Market value$25.98M
2.68%
Sole
122.08K
Shared
0.00
None
0.00
TAIWAN SEMICONDUCTOR MFG LTD
SOLEShares92.95K
TypeSH
Market value$25.96M
2.68%
Sole
92.95K
Shared
0.00
None
0.00
GE AEROSPACE
SOLEShares86.14K
TypeSH
Market value$25.91M
2.68%
Sole
86.14K
Shared
0.00
None
0.00
LIBERTY MEDIA CORP DEL
SOLEShares262.13K
TypeSH
Market value$25.42M
2.62%
Sole
262.13K
Shared
0.00
None
0.00
S&P GLOBAL INC
SOLEShares52.16K
TypeSH
Market value$25.38M
2.62%
Sole
52.16K
Shared
0.00
None
0.00
US FOODS HLDG CORP
SOLEShares252.68K
TypeSH
Market value$19.36M
2.00%
Sole
252.68K
Shared
0.00
None
0.00
COUPANG INC
SOLEShares591.99K
TypeSH
Market value$19.06M
1.97%
Sole
591.99K
Shared
0.00
None
0.00
FERGUSON ENTERPRISES INC
SOLEShares84.57K
TypeSH
Market value$18.99M
1.96%
Sole
84.57K
Shared
0.00
None
0.00
ALPHABET INC
SOLEShares77.29K
TypeSH
Market value$18.79M
1.94%
Sole
77.29K
Shared
0.00
None
0.00
PROCORE TECHNOLOGIES INC
SOLEShares173.10K
TypeSH
Market value$12.62M
1.30%
Sole
173.10K
Shared
0.00
None
0.00
SELECT SECTOR SPDR TR
SOLEShares157.64K
TypeSH
Market value$12.35M
1.28%
Sole
157.64K
Shared
0.00
None
0.00
FLUTTER ENTMT PLC
SOLEShares45.34K
TypeSH
Market value$11.52M
1.19%
Sole
45.34K
Shared
0.00
None
0.00
SONIDA SENIOR LIVING INC
SOLEShares185K
TypeSH
Market value$5.13M
0.53%
Sole
185K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
VANGUARD INDEX FDSSOLE | S&P 500 ETF SHS | 509.76K | SH | $312.17M 32.23% | 509.76K | 0.00 | 0.00 |
ISHARES TRSOLE | CORE MSCI EAFE | 1.17M | SH | $101.87M 10.52% | 1.17M | 0.00 | 0.00 |
ISHARES INCSOLE | CORE MSCI EMKT | 723.85K | SH | $47.72M 4.93% | 723.85K | 0.00 | 0.00 |
MICROSOFT CORPSOLE | COM | 74.52K | SH | $38.60M 3.99% | 74.52K | 0.00 | 0.00 |
AMAZON COM INCSOLE | COM | 173.41K | SH | $38.08M 3.93% | 173.41K | 0.00 | 0.00 |
SELECT SECTOR SPDR TRSOLE | SBI HEALTHCARE | 235.41K | SH | $32.76M 3.38% | 235.41K | 0.00 | 0.00 |
VISA INCSOLE | COM CL A | 94.49K | SH | $32.26M 3.33% | 94.49K | 0.00 | 0.00 |
MOODYS CORPSOLE | COM | 66.62K | SH | $31.74M 3.28% | 66.62K | 0.00 | 0.00 |
GUIDEWIRE SOFTWARE INCSOLE | COM | 137.84K | SH | $31.68M 3.27% | 137.84K | 0.00 | 0.00 |
SOMNIGROUP INTERNATIONAL INCSOLE | COM | 345.35K | SH | $29.12M 3.01% | 345.35K | 0.00 | 0.00 |
VEEVA SYS INCSOLE | CL A COM | 87.27K | SH | $26.00M 2.68% | 87.27K | 0.00 | 0.00 |
MASTEC INCSOLE | COM | 122.08K | SH | $25.98M 2.68% | 122.08K | 0.00 | 0.00 |
TAIWAN SEMICONDUCTOR MFG LTDSOLE | SPONSORED ADS | 92.95K | SH | $25.96M 2.68% | 92.95K | 0.00 | 0.00 |
GE AEROSPACESOLE | COM NEW | 86.14K | SH | $25.91M 2.68% | 86.14K | 0.00 | 0.00 |
LIBERTY MEDIA CORP DELSOLE | COM LBTY LIV S C | 262.13K | SH | $25.42M 2.62% | 262.13K | 0.00 | 0.00 |
S&P GLOBAL INCSOLE | COM | 52.16K | SH | $25.38M 2.62% | 52.16K | 0.00 | 0.00 |
US FOODS HLDG CORPSOLE | COM | 252.68K | SH | $19.36M 2.00% | 252.68K | 0.00 | 0.00 |
COUPANG INCSOLE | CL A | 591.99K | SH | $19.06M 1.97% | 591.99K | 0.00 | 0.00 |
FERGUSON ENTERPRISES INCSOLE | COMMON STOCK NEW | 84.57K | SH | $18.99M 1.96% | 84.57K | 0.00 | 0.00 |
ALPHABET INCSOLE | CAP STK CL A | 77.29K | SH | $18.79M 1.94% | 77.29K | 0.00 | 0.00 |
PROCORE TECHNOLOGIES INCSOLE | COM | 173.10K | SH | $12.62M 1.30% | 173.10K | 0.00 | 0.00 |
SELECT SECTOR SPDR TRSOLE | SBI CONS STPLS | 157.64K | SH | $12.35M 1.28% | 157.64K | 0.00 | 0.00 |
FLUTTER ENTMT PLCSOLE | SHS | 45.34K | SH | $11.52M 1.19% | 45.34K | 0.00 | 0.00 |
SONIDA SENIOR LIVING INCSOLE | COM | 185K | SH | $5.13M 0.53% | 185K | 0.00 | 0.00 |