MAKENA CAPITAL MANAGEMENT LLC Q4 2025 Filing

Filed February 3, 2026

Portfolio Value

$834.5M

Holdings

26

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (26 positions)

#StockSharesValue% PortfolioType
1
VOOVANGUARD INDEX FDS
401,937$252.1M30.21%
2
AQLTISHARES TR
934,336$83.6M10.02%
3
IEMGISHARES INC
578,596$38.9M4.66%
4
AMZNAMAZON COM INC
147,183$34.0M4.07%
5
MSFTMICROSOFT CORP
70,000$33.9M4.06%
6
XLVSELECT SECTOR SPDR TR
182,397$28.2M3.38%
7
VVISA INC
80,424$28.2M3.38%
8
GWREGUIDEWIRE SOFTWARE INC
139,315$28.0M3.36%
9
TSMTAIWAN SEMICONDUCTOR MFG LTD
84,495$25.7M3.08%
10
VEEVVEEVA SYS INC
113,799$25.4M3.04%
11
GEGE AEROSPACE
72,847$22.4M2.69%
12
LLYVKLIBERTY LIVE HOLDINGS INC
269,418$22.4M2.68%
13
MTZMASTEC INC
102,423$22.3M2.67%
14
MCOMOODYS CORP
38,598$19.7M2.36%
15
TPDSOMNIGROUP INTERNATIONAL INC
218,934$19.5M2.34%
16
FERGFERGUSON ENTERPRISES INC
87,063$19.4M2.32%
17
GOOGLALPHABET INC
54,435$17.0M2.04%
18
SPGIS&P GLOBAL INC
32,469$17.0M2.03%
19
PCORPROCORE TECHNOLOGIES INC
232,527$16.9M2.03%
20
USFDUS FOODS HLDG CORP
223,384$16.8M2.02%
21
RHCRH PLC
132,428$16.5M1.98%
22
CPNGCOUPANG INC
691,386$16.3M1.95%
23
XLFISELECT SECTOR SPDR TR
151,503$11.8M1.41%
24
FSLRFIRST SOLAR INC
43,539$11.4M1.36%
25
SNDASONIDA SENIOR LIVING INC
185,000$6.0M0.72%
26
FIGFIGMA INC
28,113$1.1M0.13%