13F HOLDINGS REPORT
MAKENA CAPITAL MANAGEMENT LLC
Quarter ended Q3 2025 · Filed November 10, 2025 · Accession 0001359262-25-000007
Total Value
$968.5M
Positions
24
Other Managers
0
Confidential Omitted
No
Holdings (24)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | VANGUARD INDEX FDS | 922908363 | 509,758 | $312.2M | 32.23% |
| 2 | ISHARES TR | 46432F842 | 1,167,110 | $101.9M | 10.52% |
| 3 | ISHARES INC | 46434G103 | 723,846 | $47.7M | 4.93% |
| 4 | MICROSOFT CORP | MSFT | 74,517 | $38.6M | 3.99% |
| 5 | AMAZON COM INC | AMZN | 173,410 | $38.1M | 3.93% |
| 6 | SELECT SECTOR SPDR TR | 81369Y209 | 235,409 | $32.8M | 3.38% |
| 7 | VISA INC | V | 94,491 | $32.3M | 3.33% |
| 8 | MOODYS CORP | MCO | 66,619 | $31.7M | 3.28% |
| 9 | GUIDEWIRE SOFTWARE INC | GWRE | 137,843 | $31.7M | 3.27% |
| 10 | SOMNIGROUP INTERNATIONAL INC | SGI | 345,354 | $29.1M | 3.01% |
| 11 | VEEVA SYS INC | VEEV | 87,273 | $26.0M | 2.68% |
| 12 | MASTEC INC | MTZ | 122,085 | $26.0M | 2.68% |
| 13 | TAIWAN SEMICONDUCTOR MFG LTD | 874039100 | 92,949 | $26.0M | 2.68% |
| 14 | GE AEROSPACE | 369604301 | 86,136 | $25.9M | 2.68% |
| 15 | LIBERTY MEDIA CORP DEL | FWONB | 262,125 | $25.4M | 2.62% |
| 16 | S&P GLOBAL INC | SPGI | 52,155 | $25.4M | 2.62% |
| 17 | US FOODS HLDG CORP | USFD | 252,675 | $19.4M | 2.00% |
| 18 | COUPANG INC | CPNG | 591,989 | $19.1M | 1.97% |
| 19 | FERGUSON ENTERPRISES INC | FERG | 84,568 | $19.0M | 1.96% |
| 20 | ALPHABET INC | GOOG | 77,294 | $18.8M | 1.94% |
| 21 | PROCORE TECHNOLOGIES INC | PCOR | 173,104 | $12.6M | 1.30% |
| 22 | SELECT SECTOR SPDR TR | 81369Y308 | 157,643 | $12.4M | 1.28% |
| 23 | FLUTTER ENTMT PLC | G3643J108 | 45,344 | $11.5M | 1.19% |
| 24 | SONIDA SENIOR LIVING INC | SNDA | 185,000 | $5.1M | 0.53% |