MAKENA CAPITAL MANAGEMENT LLC

CIK

1359262

Location

MENLO PARK, CA

Portfolio Value

Small $472,133,287

Diversification

Diversified

Filing Date

Global Rank

#2,936 / 8,633 ▲ 41

Top Industry

Internet Retail 15.8%

3Y Alpha vs SPY

+1.8%

Period ended 52 days ago

Filed Aug 10, 2026 · 11d

26 quarters · since Mar 2020

Clone Performance

Aug 2023–Aug 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+84.7%

SPY

+75.1%

Annualised alpha

+2.2%

Max drawdown

−19.4%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. Returns use comparable raw closes and exclude dividends; a captured split can shorten the simulated window. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

21 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

7.6%

+0.3 pts

Top 5

35.3%

+1.0 pts

Top 10

62.2%

+1.8 pts

HHI

541

Diversified+9

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Technology	25.8%	$121,767,266	5
Financial Services	17.1%	$80,632,558	3
Consumer Cyclical	15.8%	$74,430,640	3
Industrials	13.9%	$65,486,031	3
Communication Services	12.8%	$60,499,932	3
Healthcare	10.0%	$47,290,589	3
Basic Materials	4.7%	$22,026,271	1

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

11 positions

Ticker	Company	Δ Shares	Shares	Value
CPNG	Coupang, Inc.	+213,287	1,096,053	$19,038,440
PCOR	Procore Technologies, Inc.	+177,045	497,726	$20,217,630
GWRE	Guidewire Software, Inc.	+82,341	282,984	$34,821,181
VEEV	Veeva Systems Inc	+47,167	202,465	$35,931,463
CRH	Crh Public Ltd Co	+17,054	205,853	$22,026,271
MCO	Moodys Corp /De/	+10,613	59,671	$27,026,189
LLYVA	Liberty Live Holdings, Inc.	+9,923	239,774	$25,329,725
SPGI	S&P Global Inc.	+9,569	55,598	$22,642,840
MDLN	Medline Inc.	+2,682	96,631	$3,811,126
GE	General Electric Co	+457	67,220	$25,122,130
V	Visa Inc.	+188	90,249	$30,963,529
No positions match the current search.

Trimmed

Positions the filer reduced

6 positions

Ticker	Company	Δ Shares	Shares	Value
MTZ	Mastec Inc	−18,773	60,452	$25,151,659
AMZN	Amazon Com Inc	−17,363	129,820	$30,941,298
TSM	Taiwan Semiconductor Manufacturing Co Ltd	−12,273	71,453	$34,123,809
NVDA	Nvidia Corp	−11,448	94,728	$18,954,125
JCI	Johnson Controls International plc	−9,122	104,115	$15,212,242
GOOGL	Alphabet Inc.	−8,866	52,622	$18,805,524
No positions match the current search.

New Positions

Positions the filer opened this quarter

2 positions

Ticker	Company	Shares	Value
MELI	Mercadolibre Inc	14,405	$24,450,902
NYT	New York Times Co	233,848	$16,364,683
No positions match the current search.

Sold Out

Positions the filer fully exited

3 positions

Ticker	Company	Shares	Value
MSFT	Microsoft Corp	55,744	$20,634,756
SGI	Somnigroup International Inc.	251,222	$18,570,330
FIG	Figma, Inc.	28,113	$594,308
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

21 tracked positions · $472,133,287 total · filing declares 26 positions · $951,848,096 · as of Jun 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Financial Services Healthcare Industrials Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
VEEV	Veeva Systems Inc Healthcare	Added	202,465	+47,167	$35,931,463	+31.7%	7.61%
GWRE	Guidewire Software, Inc. Technology	Added	282,984	+82,341	$34,821,181	+16.0%	7.38%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Reduced	71,453	-12,273	$34,123,809	+20.6%	7.23%
V	Visa Inc. Financial Services	Added	90,249	+188	$30,963,529	+13.8%	6.56%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	129,820	-17,363	$30,941,298	+0.9%	6.55%
MCO	Moodys Corp /De/ Financial Services	Added	59,671	+10,613	$27,026,189	+26.3%	5.72%
LLYVA	Liberty Live Holdings, Inc. Communication Services	Added	239,774	+9,923	$25,329,725	+17.1%	5.36%
MTZ	Mastec Inc Industrials	Reduced	60,452	-18,773	$25,151,659	−1.3%	5.33%
GE	General Electric Co Industrials	Added	67,220	+457	$25,122,130	+32.6%	5.32%
MELI	Mercadolibre Inc Consumer Cyclical	NEW	14,405	NEW	$24,450,902	NEW	5.18%
SPGI	S&P Global Inc. Financial Services	Added	55,598	+9,569	$22,642,840	+15.7%	4.80%
CRH	Crh Public Ltd Co Basic Materials	Added	205,853	+17,054	$22,026,271	+11.0%	4.67%
PCOR	Procore Technologies, Inc. Technology	Added	497,726	+177,045	$20,217,630	+10.6%	4.28%
CPNG	Coupang, Inc. Consumer Cyclical	Added	1,096,053	+213,287	$19,038,440	+14.2%	4.03%
NVDA	Nvidia Corp Technology	Reduced	94,728	-11,448	$18,954,125	+2.4%	4.01%
GOOGL	Alphabet Inc. Communication Services	Reduced	52,622	-8,866	$18,805,524	+6.4%	3.98%
NYT	New York Times Co Communication Services	NEW	233,848	NEW	$16,364,683	NEW	3.47%
JCI	Johnson Controls International plc Industrials	Reduced	104,115	-9,122	$15,212,242	+2.6%	3.22%
FSLR	First Solar, Inc. Technology	Held	57,851	0	$13,650,521	+19.6%	2.89%
SNDA	Sonida Senior Living, Inc. Healthcare	Held	185,000	0	$7,548,000	+26.5%	1.60%
MDLN	Medline Inc. Healthcare	Added	96,631	+2,682	$3,811,126	−8.8%	0.81%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.