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Makena Capital Management Portfolio holdings
AUM
$961M
Turnover
17.24%
1-Year Est. Return
7.87%
This Fund
S&P 500
This Quarter Est. Return
+1.46%
1 Year Est. Return
+7.87%
3 Year Est. Return
+85.49%
5 Year Est. Return
+58.44%
10 Year Est. Return
–
AUM
$961M
AUM Growth
+$8.86M
(+0.93%)
Cap. Flow
-$3.58M
Cap. Flow % of AUM
Cap. Flow %
-0.37%
Top 10 Holdings %
Top 10 Hldgs %
69.44%
Holding
29
New
3
Increased
13
Reduced
9
Closed
2
Avg Time Held
2.1
years
Top 10 Avg Time Held
1.5
years
Top 20 Avg Time Held
1.9
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Sherwin-Williams
SHW
|
+$14.8M |
| 2 |
Advanced Micro Devices
AMD
|
+$13.9M |
| 3 |
SK Hynix Inc
SKHY
|
+$12.9M |
| 4 |
MasTec
MTZ
|
+$10.7M |
| 5 |
State Street Consumer Staples Select Sector SPDR ETF
XLP
|
+$10.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Veeva Systems
VEEV
|
+$23M |
| 2 |
Coupang
CPNG
|
+$19M |
| 3 |
Guidewire Software
GWRE
|
+$17.6M |
| 4 |
Procore
PCOR
|
+$15.6M |
| 5 |
Moody's
MCO
|
+$7.35M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 51.52% |
| 2 | Technology | 14.75% |
| 3 | Financials | 7.17% |
| 4 | Consumer Discretionary | 6.83% |
| 5 | Industrials | 6.31% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Vanguard S&P 500 ETF
VOO
$1.05T
| $297M | 30.88% |
423,323
+1,089
| +0.3% | +$761K |
2024 Q4
7 quarters
|
|
2
iShares Core MSCI EAFE ETF
IEFA
$192B
| $95.9M | 9.98% |
989,840
-28,037
| -3% | -$2.77M |
2024 Q4
7 quarters
|
|
3
iShares Core MSCI Emerging Markets ETF
IEMG
$146B
| $50.6M | 5.27% |
624,022
+33,400
| +6% | +$2.69M |
2024 Q4
7 quarters
|
|
4
TSMC
TSM
$2.11T
| $41.9M | 4.36% |
91,922
+20,469
| +29% | +$8.67M |
2025 Q2
5 quarters
|
|
5
Amazon
AMZN
$2.91T
| $36.9M | 3.84% |
148,238
+18,418
| +14% | +$4.68M |
2019 Q4
27 quarters
|
|
6
Visa
V
$790B
| $31M | 3.23% |
86,266
-3,983
| -4% | -$1.46M |
2022 Q4
15 quarters
|
|
7
State Street Health Care Select Sector SPDR ETF
XLV
$50.9B
| $30.9M | 3.22% |
183,658
-13,543
| -7% | -$2.26M |
2024 Q2
9 quarters
|
|
|
8
Veeva Systems
VEEV
$49B
| $29.8M | 3.1% |
104,490
-97,975
| -48% | -$23M |
2025 Q2
5 quarters
|
|
9
Mercado Libre
MELI
$75B
| $28.7M | 2.99% |
16,616
+2,211
| +15% | +$4.1M |
2026 Q2
1 quarter
|
|
|
10
Guidewire Software
GWRE
$13.5B
| $24.5M | 2.55% |
172,146
-110,838
| -39% | -$17.6M |
2024 Q2
9 quarters
|
|
11
NVIDIA
NVDA
$3.98T
| $23.8M | 2.48% |
104,155
+9,427
| +10% | +$2.02M |
2026 Q1
2 quarters
|
|
12
GE Aerospace
GE
$346B
| $22.9M | 2.38% |
73,368
+6,148
| +9% | +$2.13M |
2023 Q3
12 quarters
|
|
13
Alphabet (Google) Class A
GOOGL
$3.7T
| $22.3M | 2.32% |
64,899
+12,277
| +23% | +$4.26M |
2019 Q4
27 quarters
|
|
|
14
MasTec
MTZ
$14.8B
| $21.1M | 2.19% |
98,593
+38,141
| +63% | +$10.7M |
2024 Q2
9 quarters
|
|
|
15
State Street Consumer Staples Select Sector SPDR ETF
XLP
$15.1B
| $20.8M | 2.17% |
258,549
+123,739
| +92% | +$10.5M |
2020 Q4
23 quarters
|
|
|
16
Moody's
MCO
$87.9B
| $20.2M | 2.11% |
44,531
-15,140
| -25% | -$7.35M |
2023 Q4
11 quarters
|
|
17
CRH
CRH
$62.8B
| $19.4M | 2.02% |
234,850
+28,997
| +14% | +$2.78M |
2025 Q4
3 quarters
|
|
18
New York Times
NYT
$11.5B
| $18.4M | 1.92% |
289,041
+55,193
| +24% | +$3.83M |
2026 Q2
1 quarter
|
|
19
S&P Global
SPGI
$137B
| $17.7M | 1.84% |
44,831
-10,767
| -19% | -$4.56M |
2023 Q4
11 quarters
|
|
20
Liberty Live Group Series C
LLYVK
$10B
| $17.7M | 1.84% |
181,838
-57,936
| -24% | -$5.93M |
2024 Q3
8 quarters
|
|
21
Johnson Controls International
JCI
$86.8B
| $16.6M | 1.73% |
111,670
+7,555
| +7% | +$1.09M |
2026 Q1
2 quarters
|
|
|
22
Advanced Micro Devices
AMD
$954B
| $16.5M | 1.72% |
+27,004
| New | +$13.9M |
2026 Q3
0 quarters
|
|
|
23
SK Hynix Inc
SKHY
$967B
| $14.4M | 1.5% |
+78,205
| New | +$12.9M |
2026 Q3
0 quarters
|
|
|
24
Sherwin-Williams
SHW
$85.4B
| $14.2M | 1.48% |
+43,903
| New | +$14.8M |
2026 Q3
0 quarters
|
|
|
25
Procore
PCOR
$11.6B
| $10.4M | 1.08% |
201,285
-296,441
| -60% | -$15.6M |
2023 Q3
12 quarters
|
|
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Makena Capital Management's Q3 2026 Portfolio in Review
As of Q3 2026, Makena Capital Management held 29 positions worth $961M, up 0.93% from $952M the previous quarter. Its ten largest holdings account for 69% of the portfolio.
Makena Capital Management's Q3 2026 filing shows 3 new, 13 increased, 9 reduced and 2 closed positions. Its largest new stake was Sherwin-Williams: 43,903 shares worth $14.2M. The largest sale was Veeva Systems, an estimated $23M.
By sector, the portfolio is most concentrated in Miscellaneous at 52% of assets, up from 50% a quarter earlier, followed by Technology and Financials.
- Makena Capital Management's largest Q3 2026 buy was Sherwin-Williams: 43,903 shares worth $14.2M.
- Makena Capital Management added most to MasTec in Q3 2026, an estimated $10.7M increase.
- Makena Capital Management's biggest Q3 2026 reduction was Veeva Systems, cutting an estimated $23M.
- Makena Capital Management fully exited Coupang in Q3 2026, selling an estimated $19M.
- Makena Capital Management's ten largest holdings make up 69% of its $961M portfolio in Q3 2026.
- Makena Capital Management opened 3 new positions and closed 2 in Q3 2026.
- Makena Capital Management's portfolio value rose 0.93% quarter-over-quarter to $961M.
Based on Makena Capital Management's 13F filing for Q3 2026, filed 6 Nov 2026.