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MCM

Makena Capital Management Portfolio holdings

AUM $866M
1-Year Est. Return 17.79%
This Fund
S&P 500
This Quarter Est. Return
+7.16%
1 Year Est. Return
+17.79%
3 Year Est. Return
+74.29%
5 Year Est. Return
+61.44%
10 Year Est. Return
–
AUM
$968M
AUM Growth
-$29.9M
Cap. Flow
-$94.4M
Cap. Flow %
-9.75%
Top 10 Hldgs %
71.86%
Holding
26
New
2
Increased
8
Reduced
13
Closed
2

Top Buys

Rank Stock Value
1
FERG icon
Ferguson
FERG
+$19.1M
2
FLUT icon
Flutter Entertainment
FLUT
+$13.3M
3
V icon
Visa
V
+$7.07M
4
SPGI icon
S&P Global
SPGI
+$6.27M
5
MCO icon
Moody's
MCO
+$4.76M

Top Sells

Rank Stock Value
1
VOO icon
Vanguard S&P 500 ETF
VOO
+$56.8M
2
SHW icon
Sherwin-Williams
SHW
+$19.2M
3
IEFA icon
iShares Core MSCI EAFE ETF
IEFA
+$13.2M
4
FWONK icon
Liberty Media Series C
FWONK
+$12.6M
5
GE icon
GE Aerospace
GE
+$11M

Sector Composition

Rank Sector Weight
1 Technology 11.24%
2 Consumer Discretionary 10.1%
3 Financials 9.23%
4 Industrials 7.32%
5 Communication Services 4.56%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SHW icon
26
Sherwin-Williams
SHW
$89.8B
– –
-56,023
Closed -$19.2M
1
2

Similar funds

EI
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OMG
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RWM
RMG Wealth Management Platteville, Wisconsin $866M AUM 11.95% 1-Year Est. Return
HP
Havemeyer Place Greenwich, Connecticut $867M AUM
WFAL
Wedbush Fund Advisers, LLC Pasadena, California $863M AUM
WCM
Wallace Capital Management Dallas, Texas $871M AUM 13.69% 1-Year Est. Return
TSS
Two Sigma Securities New York $861M AUM 21.33% 1-Year Est. Return
F1I
Fund 1 Investments Rincon, Puerto Rico $872M AUM 50.95% 1-Year Est. Return

Makena Capital Management's Q3 2025 Portfolio in Review

As of Q3 2025, Makena Capital Management held 26 positions worth $968M, down 3% from $998M the previous quarter. Its ten largest holdings account for 72% of the portfolio.

Makena Capital Management withdrew a net $94.4M in Q3 2025, closing 2 positions and reducing 13 holdings. Its most notable exit was Sherwin-Williams, an estimated $19.2M position sold in full.

By sector, the portfolio is most concentrated in Technology at 11% of assets, up from 11% a quarter earlier, followed by Consumer Discretionary and Financials.

Against the trend, Makena Capital Management opened a new position in Ferguson worth $19M.

  • Makena Capital Management's largest Q3 2025 buy was Ferguson: 84,568 shares worth $19M.
  • Makena Capital Management added most to Visa in Q3 2025, an estimated $7.07M increase.
  • Makena Capital Management's biggest Q3 2025 reduction was Vanguard S&P 500 ETF, cutting an estimated $56.8M.
  • Makena Capital Management fully exited Sherwin-Williams in Q3 2025, selling an estimated $19.2M.
  • Makena Capital Management's ten largest holdings make up 72% of its $968M portfolio in Q3 2025.
  • Makena Capital Management opened 2 new positions and closed 2 in Q3 2025.
  • Makena Capital Management's portfolio value fell 3% quarter-over-quarter to $968M.

Based on Makena Capital Management's 13F filing for Q3 2025, filed 10 Nov 2025.