Institutional
MAKENA CAPITAL MANAGEMENT LLC
CIK 0001359262
$866.1M
Reported AUM
27
Positions
Q1 2026
Period
2026-05-11
Filed
The Brief · MAKENA CAPITAL MANAGEMENT LLC · Q1 2026
AI · grounded in 13F
MAKENA CAPITAL MANAGEMENT LLC closed its position in FERG for a reduction of $19.38M. The fund established new positions in NVDA for $18.52M and JCI for $14.83M. Additionally, the fund exited USFD for $16.83M and trimmed its holding in MSFT by 20.37%.
Portfolio · Q1 2026
Top holdings
| # | Stock | Issuer | Price | Day % | 1Y Gr. | 5Y Gr. | Value | % of book | Δ shares (QoQ) | Status |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | VOO | VANGUARD INDEX FDS | $670.63 | -1.52% | 18.74% | 73.44% | $264.6M | 30.55% | — | HELD |
| 2 | IEFA | ISHARES TR | $96.23 | -0.54% | 22.02% | 47.71% | $97.6M | 11.27% | — | HELD |
| 3 | IEMG | ISHARES INC | $74.15 | -2.18% | 26.95% | 33.80% | $48.3M | 5.57% | — | HELD |
| 4 | AMZN | AMAZON COM INC | $226.65 | -1.82% | 5.54% | 30.60% | $30.7M | 3.54% | — | HELD |
| 5 | GWRE | GUIDEWIRE SOFTWARE INC | $167.26 | 4.93% | -24.96% | 41.20% | $30.0M | 3.46% | — | HELD |
| 6 | TSM | TAIWAN SEMICONDUCTOR MANUFAC | $374.67 | -4.50% | 61.05% | 241.53% | $28.3M | 3.27% | — | HELD |
| 7 | VEEV | VEEVA SYS INC | $207.91 | 3.33% | -28.49% | -39.39% | $27.3M | 3.15% | — | HELD |
| 8 | V | VISA INC | $368.73 | 0.58% | 9.62% | 67.02% | $27.2M | 3.14% | — | HELD |
| 9 | XLV | SELECT SECTOR SPDR TR | $166.24 | -0.61% | 28.99% | 33.33% | $25.5M | 2.94% | — | HELD |
| 10 | MTZ | MASTEC INC | $287.42 | -8.01% | 65.14% | 214.33% | $25.5M | 2.94% | — | HELD |
| 11 | LLYVK | LIBERTY LIVE HOLDINGS INC | $103.70 | 1.00% | 25.59% | 223.05% | $21.6M | 2.50% | — | HELD |
| 12 | MCO | MOODYS CORP | $483.24 | -0.20% | -2.79% | 32.16% | $21.4M | 2.47% | — | HELD |
| 13 | MSFT | MICROSOFT CORP | $390.54 | -0.71% | -24.89% | 34.54% | $20.6M | 2.38% | — | HELD |
| 14 | CRH | CRH PLC | $99.71 | -3.57% | 5.44% | 113.99% | $19.8M | 2.29% | — | HELD |
| 15 | SPGI | S&P GLOBAL INC | $419.64 | -1.11% | -18.03% | 4.03% | $19.6M | 2.26% | — | HELD |
| 16 | GE | GE AEROSPACE | $350.63 | -3.56% | 30.82% | 446.84% | $18.9M | 2.19% | — | HELD |
| 17 | SGI | SOMNIGROUP INTERNATIONAL INC | $68.40 | -5.13% | -4.47% | 60.79% | $18.6M | 2.14% | — | HELD |
| 18 | NVDA | NVIDIA CORPORATION | $190.01 | -3.55% | 9.52% | 751.61% | $18.5M | 2.14% | — | HELD |
| 19 | PCOR | PROCORE TECHNOLOGIES INC | $50.16 | 2.70% | -19.15% | -44.70% | $18.3M | 2.11% | — | HELD |
| 20 | GOOGL | ALPHABET INC | $336.71 | 0.90% | 76.51% | 132.04% | $17.7M | 2.04% | — | HELD |
| 21 | CPNG | COUPANG INC | $15.16 | -1.81% | -47.25% | -49.40% | $16.7M | 1.92% | — | HELD |
| 22 | JCI | JOHNSON CONTROLS INTERNATION | $139.42 | -0.61% | 31.70% | 104.55% | $14.8M | 1.71% | — | HELD |
| 23 | XLP | SELECT SECTOR SPDR TR | $87.36 | 0.34% | 12.00% | 37.96% | $12.5M | 1.44% | — | HELD |
| 24 | FSLR | FIRST SOLAR INC | $199.24 | -1.65% | 8.30% | 111.96% | $11.4M | 1.32% | — | HELD |
| 25 | SNDA | SONIDA SENIOR LIVING INC | $40.75 | -5.39% | 80.06% | 16.78% | $6.0M | 0.69% | — | HELD |
| 26 | MDLN | MEDLINE INC | $40.08 | -1.06% | -3.73% | -9.29% | $4.2M | 0.48% | — | HELD |
| 27 | FIG | FIGMA INC | $24.76 | 1.56% | -79.70% | -64.77% | $594K | 0.07% | — | HELD |
Source: SEC EDGAR · accession 0001359262-26-000004. 13F discloses long positions only — shorts, foreign equities, and options are excluded.