Makena Capital Management LLC 13F holdings, Q2 2025
Holdings as of June 30, 2025 · filings on SEC EDGAR · latest filing →
Makena Capital Management LLC disclosed 24 US equity positions worth $998.3m in its Q2 2025 13F filing. The largest position was VOO at 34.5% of the reported book, followed by IEFA and IEMG. Against the Q1 2025 filing, it opened 2 new positions, added to 11 and reduced 10 among the top 24 holdings.
What did Makena Capital Management LLC own in Q2 2025? Top 24 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q1 2025 |
|---|---|---|---|---|---|---|---|
| 1 | VOO VANGUARD INDEX FDS | 34.5% | $344.3m | 606,092 | -19% | reduced | |
| 2 | IEFA ISHARES TR | 11.0% | $110.3m | 1,322,675 | -14% | reduced | |
| 3 | IEMG ISHARES INC | 4.7% | $46.8m | 779,675 | -19% | reduced | |
| 4 | MSFT MICROSOFT CORP | Technology | 3.9% | $38.9m | 78,159 | -6% | reduced |
| 5 | AMZN AMAZON COM INC | Consumer Cyclical | 3.9% | $38.6m | 175,877 | 12% | added |
| 6 | GE GE AEROSPACE | Industrials | 3.3% | $32.5m | 126,218 | -12% | reduced |
| 7 | XLV SELECT SECTOR SPDR TR | 3.0% | $30.2m | 224,158 | 26% | added | |
| 8 | MCO MOODYS CORP | Financial Services | 2.9% | $28.7m | 57,185 | 20% | added |
| 9 | GWRE GUIDEWIRE SOFTWARE INC | Technology | 2.8% | $28.1m | 119,525 | -7% | reduced |
| 10 | TSM TAIWAN SEMICONDUCTOR MFG LTD | Technology | 2.8% | $28.0m | 123,589 | – | new |
| 11 | SGI SOMNIGROUP INTERNATIONAL INC | Consumer Cyclical | 2.8% | $28.0m | 410,797 | -1% | reduced |
| 12 | LIBERTY MEDIA CORP DEL | 2.6% | $26.4m | 325,246 | 7% | added | |
| 13 | V VISA INC | Financial Services | 2.6% | $26.3m | 74,051 | 10% | added |
| 14 | MTZ MASTEC INC | Industrials | 2.6% | $25.9m | 151,806 | -14% | reduced |
| 15 | CPNG COUPANG INC | Consumer Cyclical | 2.6% | $25.8m | 861,271 | 2% | added |
| 16 | VEEV VEEVA SYS INC | Healthcare | 2.2% | $21.8m | 75,637 | – | new |
| 17 | SPGI S&P GLOBAL INC | Financial Services | 2.1% | $21.3m | 40,444 | 15% | added |
| 18 | SHW SHERWIN WILLIAMS CO | Basic Materials | 1.9% | $19.2m | 56,023 | 5% | added |
| 19 | GOOGL ALPHABET INC | Communication Services | 1.9% | $18.5m | 104,925 | -34% | reduced |
| 20 | USFD US FOODS HLDG CORP | Consumer Defensive | 1.8% | $17.9m | 232,316 | 4% | added |
| 21 | LLYVK LIBERTY MEDIA CORP DEL | 1.3% | $12.6m | 120,696 | -11% | reduced | |
| 22 | PCOR PROCORE TECHNOLOGIES INC | Technology | 1.2% | $12.0m | 175,233 | 36% | added |
| 23 | XLP SELECT SECTOR SPDR TR | 1.2% | $11.7m | 144,483 | 17% | added | |
| 24 | SNDA SONIDA SENIOR LIVING INC | Healthcare | 0.5% | $4.6m | 185,000 | 0% | held |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.