Makena Capital Management LLC: 13F holdings, Q2 2026
Hedge fund · SEC EDGAR filings (CIK 1359262) · Explore on the interactive board
Makena Capital Management LLC disclosed 26 US equity positions worth $951.8m in its Q2 2026 13F filing (holdings as of June 30, 2026, filed August 10, 2026). Its largest position is VOO at 30.5% of the reported book, followed by IEFA, IEMG. The top ten holdings are 69.6% of the book, and the portfolio behaves like about 8 equal-weight positions. Versus the prior filing it opened 2 new positions, added to 11, reduced 10 and exited 3. Note: this manager's most recent filing is 3934 quarters behind the newest quarter on file, so these figures are history rather than current positioning.
What does Makena Capital Management LLC own? Top holdings as of June 30, 2026
Change is measured in shares against the previous filing (Q1 2026), so price moves do not read as decisions. This quarter: 2 new, 11 added, 10 reduced, 3 exited.
| # | Stock | Sector | Weight | Value | Shares | Δ shares | Action |
|---|---|---|---|---|---|---|---|
| 1 | VOO VANGUARD INDEX FDS | 30.5% | $290.0m | 422,234 | -5% | reduced | |
| 2 | IEFA ISHARES TR | 10.3% | $98.3m | 1,017,877 | -6% | reduced | |
| 3 | IEMG ISHARES INC | 5.1% | $48.9m | 590,622 | -15% | reduced | |
| 4 | VEEV VEEVA SYS INC | Healthcare | 3.8% | $35.9m | 202,465 | 30% | added |
| 5 | GWRE GUIDEWIRE SOFTWARE INC | Technology | 3.7% | $34.8m | 282,984 | 41% | added |
| 6 | TSM TAIWAN SEMICONDUCTOR MANUFAC | Technology | 3.6% | $34.1m | 71,453 | -15% | reduced |
| 7 | XLV SELECT SECTOR SPDR TR | 3.3% | $31.3m | 197,201 | 13% | added | |
| 8 | V VISA INC | Financial Services | 3.3% | $31.0m | 90,249 | 0% | held |
| 9 | AMZN AMAZON COM INC | Consumer Cyclical | 3.3% | $30.9m | 129,820 | -12% | reduced |
| 10 | MCO MOODYS CORP | Financial Services | 2.8% | $27.0m | 59,671 | 22% | added |
| 11 | LLYVK LIBERTY LIVE HOLDINGS INC | Communication Services | 2.7% | $25.3m | 239,774 | 4% | added |
| 12 | MTZ MASTEC INC | Industrials | 2.6% | $25.2m | 60,452 | -24% | reduced |
| 13 | GE GE AEROSPACE | Industrials | 2.6% | $25.1m | 67,220 | 1% | added |
| 14 | MELI MERCADOLIBRE INC | Consumer Cyclical | 2.6% | $24.5m | 14,405 | – | new |
| 15 | SPGI S&P GLOBAL INC | Financial Services | 2.4% | $22.6m | 55,598 | 21% | added |
| 16 | CRH CRH PLC | Basic Materials | 2.3% | $22.0m | 205,853 | 9% | added |
| 17 | PCOR PROCORE TECHNOLOGIES INC | Technology | 2.1% | $20.2m | 497,726 | 55% | added |
| 18 | CPNG COUPANG INC | Consumer Cyclical | 2.0% | $19.0m | 1,096,053 | 24% | added |
| 19 | NVDA NVIDIA CORPORATION | Technology | 2.0% | $19.0m | 94,728 | -11% | reduced |
| 20 | GOOGL ALPHABET INC | Communication Services | 2.0% | $18.8m | 52,622 | -14% | reduced |
| 21 | NYT NEW YORK TIMES CO MTN BE | Communication Services | 1.7% | $16.4m | 233,848 | – | new |
| 22 | JCI JOHNSON CONTROLS INTERNATION | Industrials | 1.6% | $15.2m | 104,115 | -8% | reduced |
| 23 | FSLR FIRST SOLAR INC | Technology | 1.4% | $13.7m | 57,851 | 0% | held |
| 24 | XLP SELECT SECTOR SPDR TR | 1.2% | $11.2m | 134,810 | -12% | reduced | |
| 25 | SNDA SONIDA SENIOR LIVING INC | Healthcare | 0.8% | $7.5m | 185,000 | 0% | held |
| 26 | MDLN MEDLINE INC | Healthcare | 0.4% | $3.8m | 96,631 | 3% | added |
What did Makena Capital Management LLC sell? Positions exited since the previous filing
| Stock | Prior weight | Prior value |
|---|---|---|
| MSFT MICROSOFT CORP | 51.8% | $20.6m |
| SGI SOMNIGROUP INTERNATIONAL INC | 46.7% | $18.6m |
| FIG FIGMA INC | 1.5% | $594.3k |
Sector mix
| Sector | Weight |
|---|---|
| Technology | 12.8% |
| Financial Services | 8.5% |
| Consumer Cyclical | 7.8% |
| Industrials | 6.9% |
| Communication Services | 6.4% |
| Healthcare | 5.0% |
Sectors cover positions whose ticker resolved to a sector; the remainder is unclassified, not cash.
Filing history
How concentrated is Makena Capital Management LLC's portfolio?
Across every quarter Makena Capital Management LLC has filed, its median largest position is 30.5% of the book and its median top-ten weight is 69.7%, which WhaleCreep classifies as concentrated (the gate is a median largest position of 5%). Of 3.0 completed holding spells, the median lasted 1.0 quarters; 26.0 positions are still open and their final length is unknown.