MAKENA CAPITAL MANAGEMENT LLC Q3 2025 Filing

Filed November 10, 2025

Portfolio Value

$968.5B

Holdings

24

Report Date

Q3 2025

Filing Type

13F-HR

All Holdings (24 positions)

#StockSharesValue% PortfolioType
1
VOOVANGUARD INDEX FDS
509,758$312.2B32.23%
2
AQLTISHARES TR
1,167,110$101.9B10.52%
3
IEMGISHARES INC
723,846$47.7B4.93%
4
MSFTMICROSOFT CORP
74,517$38.6B3.99%
5
AMZNAMAZON COM INC
173,410$38.1B3.93%
6
XLVSELECT SECTOR SPDR TR
235,409$32.8B3.38%
7
VVISA INC
94,491$32.3B3.33%
8
MCOMOODYS CORP
66,619$31.7B3.28%
9
GWREGUIDEWIRE SOFTWARE INC
137,843$31.7B3.27%
10
TPDSOMNIGROUP INTERNATIONAL INC
345,354$29.1B3.01%
11
VEEVVEEVA SYS INC
87,273$26.0B2.68%
12
MTZMASTEC INC
122,085$26.0B2.68%
13
TSMTAIWAN SEMICONDUCTOR MFG LTD
92,949$26.0B2.68%
14
GEGE AEROSPACE
86,136$25.9B2.68%
15
FWONALIBERTY MEDIA CORP DEL
262,125$25.4B2.62%
16
SPGIS&P GLOBAL INC
52,155$25.4B2.62%
17
USFDUS FOODS HLDG CORP
252,675$19.4B2.00%
18
CPNGCOUPANG INC
591,989$19.1B1.97%
19
FERGFERGUSON ENTERPRISES INC
84,568$19.0B1.96%
20
GOOGLALPHABET INC
77,294$18.8B1.94%
21
PCORPROCORE TECHNOLOGIES INC
173,104$12.6B1.30%
22
XLFISELECT SECTOR SPDR TR
157,643$12.4B1.28%
23
FLUTFLUTTER ENTMT PLC
45,344$11.5B1.19%
24
SNDASONIDA SENIOR LIVING INC
185,000$5.1B0.53%