Q3 2025 · 13F-HR
MAKENA CAPITAL MANAGEMENT LLCholdings as filed
Filed 2025-11-10 · accession 0001359262-25-000007
$968.5M
Reported value
24
Positions
2025-09-30
Period end
The Brief · MAKENA CAPITAL MANAGEMENT LLC · Q3 2025
AI · grounded in 13F
MAKENA CAPITAL MANAGEMENT LLC established a new position in VOO valued at $312.2M. The fund also initiated new holdings in IEFA for $101.9M and IEMG for $47.7M. Additional new positions include MSFT at $38.6M and AMZN at $38.1M.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 922908363 | VOO | VANGUARD INDEX FDS | $312.2M | 32.2% | 509,758 | Common | SOLE |
| 46432F842 | IEFA | ISHARES TR | $101.9M | 10.5% | 1,167,110 | Common | SOLE |
| 46434G103 | IEMG | ISHARES INC | $47.7M | 4.93% | 723,846 | Common | SOLE |
| 594918104 | MSFT | MICROSOFT CORP | $38.6M | 3.99% | 74,517 | Common | SOLE |
| 023135106 | AMZN | AMAZON COM INC | $38.1M | 3.93% | 173,410 | Common | SOLE |
| 81369Y209 | XLV | SELECT SECTOR SPDR TR | $32.8M | 3.38% | 235,409 | Common | SOLE |
| 92826C839 | V | VISA INC | $32.3M | 3.33% | 94,491 | Common | SOLE |
| 615369105 | MCO | MOODYS CORP | $31.7M | 3.28% | 66,619 | Common | SOLE |
| 40171V100 | GWRE | GUIDEWIRE SOFTWARE INC | $31.7M | 3.27% | 137,843 | Common | SOLE |
| 88023U101 | SGI | SOMNIGROUP INTERNATIONAL INC | $29.1M | 3.01% | 345,354 | Common | SOLE |
| 922475108 | VEEV | VEEVA SYS INC | $26.0M | 2.68% | 87,273 | Common | SOLE |
| 576323109 | MTZ | MASTEC INC | $26.0M | 2.68% | 122,085 | Common | SOLE |
| 874039100 | TSM | TAIWAN SEMICONDUCTOR MFG LTD | $26.0M | 2.68% | 92,949 | Common | SOLE |
| 369604301 | GE | GE AEROSPACE | $25.9M | 2.68% | 86,136 | Common | SOLE |
| 531229722 | LLYVK* | LIBERTY MEDIA CORP DEL | $25.4M | 2.62% | 262,125 | Common | SOLE |
| 78409V104 | SPGI | S&P GLOBAL INC | $25.4M | 2.62% | 52,155 | Common | SOLE |
| 912008109 | USFD | US FOODS HLDG CORP | $19.4M | 2.00% | 252,675 | Common | SOLE |
| 22266T109 | CPNG | COUPANG INC | $19.1M | 1.97% | 591,989 | Common | SOLE |
| 31488V107 | FERG | FERGUSON ENTERPRISES INC | $19.0M | 1.96% | 84,568 | Common | SOLE |
| 02079K305 | GOOGL | ALPHABET INC | $18.8M | 1.94% | 77,294 | Common | SOLE |
| 74275K108 | PCOR | PROCORE TECHNOLOGIES INC | $12.6M | 1.30% | 173,104 | Common | SOLE |
| 81369Y308 | XLP | SELECT SECTOR SPDR TR | $12.4M | 1.28% | 157,643 | Common | SOLE |
| G3643J108 | FLUT | FLUTTER ENTMT PLC | $11.5M | 1.19% | 45,344 | Common | SOLE |
| 140475203 | SNDA | SONIDA SENIOR LIVING INC | $5.1M | 0.53% | 185,000 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.