We are live on ! Find out more
MCM

Makena Capital Management Portfolio holdings

AUM $952M
1-Year Est. Return 13.93%
This Fund
S&P 500
This Quarter Est. Return
+10.56%
1 Year Est. Return
+13.93%
3 Year Est. Return
+78.75%
5 Year Est. Return
+64.32%
10 Year Est. Return
–
AUM
$952M
AUM Growth
+$85.8M
Cap. Flow
-$2.71M
Cap. Flow %
-0.28%
Top 10 Hldgs %
69.58%
Holding
29
New
2
Increased
12
Reduced
10
Closed
3

Top Buys

Rank Stock Value
1
MELI icon
Mercado Libre
MELI
+$24.6M
2
NYT icon
New York Times
NYT
+$18M
3
GWRE icon
Guidewire Software
GWRE
+$11M
4
PCOR icon
Procore
PCOR
+$8.75M
5
VEEV icon
Veeva Systems
VEEV
+$7.78M

Top Sells

Rank Stock Value
1
MSFT icon
Microsoft
MSFT
+$20.6M
2
SGI
Somnigroup International
SGI
+$18.6M
3
VOO icon
Vanguard S&P 500 ETF
VOO
+$13.7M
4
IEMG icon
iShares Core MSCI Emerging Markets ETF
IEMG
+$8.09M
5
MTZ icon
MasTec
MTZ
+$7.18M

Sector Composition

Rank Sector Weight
1 Technology 12.79%
2 Financials 8.47%
3 Consumer Discretionary 7.82%
4 Industrials 6.88%
5 Communication Services 6.36%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
VOO icon
1
Vanguard S&P 500 ETF
VOO
$1.03T
$290M 30.47%
422,234
-20,503
-5% -$13.7M
IEFA icon
2
iShares Core MSCI EAFE ETF
IEFA
$195B
$98.3M 10.33%
1,017,877
-59,999
-6% -$5.76M
IEMG icon
3
iShares Core MSCI Emerging Markets ETF
IEMG
$155B
$48.9M 5.14%
590,622
-101,501
-15% -$8.09M
VEEV icon
4
Veeva Systems
VEEV
$38.1B
$35.9M 3.77%
202,465
+47,167
+30% +$7.78M
GWRE icon
5
Guidewire Software
GWRE
$14.4B
$34.8M 3.66%
282,984
+82,341
+41% +$11M
TSM icon
6
TSMC
TSM
$2.17T
$34.1M 3.59%
71,453
-12,273
-15% -$4.98M
XLV icon
7
State Street Health Care Select Sector SPDR ETF
XLV
$44B
$31.3M 3.29%
197,201
+23,328
+13% +$3.47M
V icon
8
Visa
V
$675B
$31M 3.25%
90,249
+188
+0.2% +$60.4K
AMZN icon
9
Amazon
AMZN
$3T
$30.9M 3.25%
129,820
-17,363
-12% -$4.36M
MCO icon
10
Moody's
MCO
$82.8B
$27M 2.84%
59,671
+10,613
+22% +$4.77M
LLYVK icon
11
Liberty Live Group Series C
LLYVK
$9.61B
$25.3M 2.66%
239,774
+9,923
+4% +$968K
MTZ icon
12
MasTec
MTZ
$21.5B
$25.2M 2.64%
60,452
-18,773
-24% -$7.18M
GE icon
13
GE Aerospace
GE
$380B
$25.1M 2.64%
67,220
+457
+0.7% +$143K
MELI icon
14
Mercado Libre
MELI
$92.5B
$24.5M 2.57%
+14,405
New +$24.6M
SPGI icon
15
S&P Global
SPGI
$121B
$22.6M 2.38%
55,598
+9,569
+21% +$4.04M
CRH icon
16
CRH
CRH
$66.9B
$22M 2.31%
205,853
+17,054
+9% +$1.88M
PCOR icon
17
Procore
PCOR
$8.84B
$20.2M 2.12%
497,726
+177,045
+55% +$8.75M
CPNG icon
18
Coupang
CPNG
$29.1B
$19M 2%
1,096,053
+213,287
+24% +$3.85M
NVDA icon
19
NVIDIA
NVDA
$5.27T
$19M 1.99%
94,728
-11,448
-11% -$2.35M
GOOGL icon
20
Alphabet (Google) Class A
GOOGL
$4.37T
$18.8M 1.98%
52,622
-8,866
-14% -$3.19M
NYT icon
21
New York Times
NYT
$10.5B
$16.4M 1.72%
+233,848
New +$18M
JCI icon
22
Johnson Controls International
JCI
$91.3B
$15.2M 1.6%
104,115
-9,122
-8% -$1.29M
FSLR icon
23
First Solar
FSLR
$25.7B
$13.7M 1.43%
57,851
– –
XLP icon
24
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.7B
$11.2M 1.18%
134,810
-17,538
-12% -$1.46M
SNDA icon
25
Sonida Senior Living
SNDA
$1.99B
$7.55M 0.79%
185,000
– –
1
2

Similar funds

WAM
Wellesley Asset Management Portsmouth, New Hampshire $953M AUM 0% 1-Year Est. Return
IC
Inscription Capital Houston, Texas $951M AUM 23.82% 1-Year Est. Return
PO
Paradigm Operations San Francisco, California $954M AUM 20.29% 1-Year Est. Return
GL
Gemsstock Ltd London, United Kingdom $949M AUM 54.05% 1-Year Est. Return
IGGA
Iron Gate Global Advisors Nsl, Utah $947M AUM 23.59% 1-Year Est. Return
LOAMU
Lombard Odier Asset Management (USA) New York $957M AUM 35.8% 1-Year Est. Return
DG
Discerene Group Stamford, Connecticut $946M AUM 1.38% 1-Year Est. Return
OCM
OLP Capital Management Causeway Bay, Hong Kong $942M AUM 5.25% 1-Year Est. Return

Makena Capital Management's Q2 2026 Portfolio in Review

As of Q2 2026, Makena Capital Management held 29 positions worth $952M, up 9.9% from $866M the previous quarter. Its ten largest holdings account for 70% of the portfolio.

Makena Capital Management's Q2 2026 filing shows 2 new, 12 increased, 10 reduced and 3 closed positions. Its largest new stake was Mercado Libre: 14,405 shares worth $24.5M. The largest sale was Microsoft, an estimated $20.6M.

By sector, the portfolio is most concentrated in Technology at 13% of assets, down from 15% a quarter earlier, followed by Financials and Consumer Discretionary.

  • Makena Capital Management's largest Q2 2026 buy was Mercado Libre: 14,405 shares worth $24.5M.
  • Makena Capital Management added most to Guidewire Software in Q2 2026, an estimated $11M increase.
  • Makena Capital Management's biggest Q2 2026 reduction was Vanguard S&P 500 ETF, cutting an estimated $13.7M.
  • Makena Capital Management fully exited Microsoft in Q2 2026, selling an estimated $20.6M.
  • Makena Capital Management's ten largest holdings make up 70% of its $952M portfolio in Q2 2026.
  • Makena Capital Management opened 2 new positions and closed 3 in Q2 2026.
  • Makena Capital Management's portfolio value rose 9.9% quarter-over-quarter to $952M.

Based on Makena Capital Management's 13F filing for Q2 2026, filed 10 Aug 2026.