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MAKENA CAPITAL MANAGEMENT LLC
hedge fundUpdated 31 days agoManaged by Makena Capital Management Llc • Latest filing Q2 2026
Portfolio value
$951.8M
Q2 2026
Filings
14
Quarterly 13F history
Top-10 concentration
100.0%
Weight of largest holdings
Annualized return
19.9%
Implied from 13F holdings
Portfolio value history
13F-disclosed portfolio value over 14 quarters
Show data table
| Period | Portfolio value |
|---|---|
| Q1 2023 | $527.4M |
| Q2 2023 | $523.4M |
| Q3 2023 | $467.1M |
| Q4 2023 | $441.5M |
| Q1 2024 | $429.6M |
| Q2 2024 | $431.6M |
| Q3 2024 | $416.4M |
| Q4 2024 | $616.5M |
| Q1 2025 | $968.7M |
| Q2 2025 | $998.3M |
| Q3 2025 | $968.5M |
| Q4 2025 | $834.5M |
| Q1 2026 | $866.1M |
| Q2 2026 | $951.8M |
Top holdings
26 positions as of Q2 2026
| # | Stock | Value | Shares | % Portfolio | Change |
|---|---|---|---|---|---|
| 1 | V VGES VANGUARD INDEX FDS | $290M | 422.2K | 30.47% | Trimmed(-4.6%) |
| 2 | E ETHA ISHARES TR | $98.3M | 1.02M | 10.33% | Trimmed(-5.6%) |
| 3 | E ETHA ISHARES INC | $48.9M | 590.6K | 5.14% | Trimmed(-14.7%) |
| 4 | V VEEV VEEVA SYS INC | $35.9M | 202.5K | 3.77% | Added(+30.4%) |
| 5 | G GWRE GUIDEWIRE SOFTWARE INC | $34.8M | 283.0K | 3.66% | Added(+41.0%) |
| 6 | T TSMWF TAIWAN SEMICONDUCTOR MANUFAC | $34.1M | 71.5K | 3.58% | Trimmed(-14.7%) |
| 7 | S STT-PG SELECT SECTOR SPDR TR | $31.3M | 197.2K | 3.29% | Added(+13.4%) |
| 8 | V V VISA INC | $31M | 90.2K | 3.25% | Added(+0.2%) |
| 9 | A AMZN AMAZON COM INC | $30.9M | 129.8K | 3.25% | Trimmed(-11.8%) |
| 10 | M MCO MOODYS CORP | $27M | 59.7K | 2.84% | Added(+21.6%) |
| 11 | L LLYVK LIBERTY LIVE HOLDINGS INC | $25.3M | 239.8K | 2.66% | Added(+4.3%) |
| 12 | M MTZ MASTEC INC | $25.2M | 60.5K | 2.64% | Trimmed(-23.7%) |
| 13 | G GE GE AEROSPACE | $25.1M | 67.2K | 2.64% | Added(+0.7%) |
| 14 | M MELI MERCADOLIBRE INC | $24.5M | 14.4K | 2.57% | — |
| 15 | S SPGI S&P GLOBAL INC | $22.6M | 55.6K | 2.38% | Added(+20.8%) |
| 16 | R RH CRH PLC | $22M | 205.9K | 2.31% | Added(+9.0%) |
| 17 | P PCOR PROCORE TECHNOLOGIES INC | $20.2M | 497.7K | 2.12% | Added(+55.2%) |
| 18 | C CPNG COUPANG INC | $19M | 1.10M | 2.00% | Added(+24.2%) |
| 19 | N NVDA NVIDIA CORPORATION | $19M | 94.7K | 1.99% | Trimmed(-10.8%) |
| 20 | G GOOGN ALPHABET INC | $18.8M | 52.6K | 1.98% | Trimmed(-14.4%) |