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MAKENA CAPITAL MANAGEMENT LLC

Q2 2025 · Filed 2025-08-13
Market Value
$986M
+3.0%
Holdings
26
-15
New Purchases
2
Added To
11
Closed
3
Reduced
9
Top 10 Concentration
73.7%
Turnover
19.2%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
TSM 2.84% 0.00% +2.84% $28M
VEEV 2.21% 0.00% +2.21% $22M
AMZN 3.91% 3.12% +0.80% $39M
CPNG 2.62% 1.93% +0.69% $26M
MSFT 3.94% 3.27% +0.67% $39M
MCO 2.91% 2.32% +0.59% $29M
LLYVK 2.68% 2.16% +0.52% $26M
MTZ 2.62% 2.14% +0.48% $26M
GWRE 2.85% 2.51% +0.34% $28M
XLV 3.07% 2.72% +0.34% $30M
PCOR 1.22% 0.89% +0.33% $12M
SPGI 2.16% 1.87% +0.30% $21M
GE 3.30% 3.01% +0.29% $32M
USFD 1.81% 1.53% +0.28% $18M
SGI 2.84% 2.59% +0.25% $28M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
VOO 34.93% 40.26% -5.34% $344M
CRH.L 0.00% 1.44% -1.44% $0
GIL 0.00% 1.12% -1.12% $0
TEAM 0.00% 1.01% -1.01% $0
IEFA 11.19% 12.15% -0.96% $110M
GOOGL 1.88% 2.59% -0.71% $18M
IEMG 4.75% 5.45% -0.70% $47M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 7 $527M 53.5%
Large Cap 15 $416M 42.2%
Mid Cap 3 $38M 3.9%
Small Cap 1 $5M 0.5%

Portfolio Analytics

Avg Market Cap
$621.6B
Median Market Cap
$48.7B
Avg P/E
33.3
Median P/E
29.1
Avg Dividend Yield
0.00%
Avg Beta
1.07
# Stocks
21
# ETFs / Funds
5

Top Holdings (26 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 VOO 34.93% 606,092 $344M $568.03 -$41M -143,356 -19.1%
2 IEFA 11.19% 1,322,675 $110M $83.40 -$6M -213,366 -13.9%
3 IEMG 4.75% 779,675 $47M $60.03 -$5M -185,599 -19.2%
4 MSFT 3.94% 78,159 $39M $497.41 $8M -5,226 -6.3%
5 AMZN 3.91% 175,877 $39M $219.39 $9M +19,069 +12.2%
6 GE 3.30% 126,218 $32M $257.39 $4M -17,628 -12.2%
7 XLV 3.07% 224,158 $30M $134.79 $4M +45,671 +25.6%
8 MCO 2.91% 57,185 $29M $501.59 $6M +9,520 +20.0%
9 GWRE 2.85% 119,525 $28M $235.45 $4M -8,763 -6.8%
10 TSM 2.84% 123,589 $28M $226.49 +123,589 NEW
11 SGI 2.84% 410,797 $28M $68.05 $3M -2,939 -0.7%
12 LLYVK 2.68% 325,246 $26M $81.16 $6M +22,090 +7.3%
13 V 2.67% 74,051 $26M $355.05 $3M +6,462 +9.6%
14 MTZ 2.62% 151,806 $26M $170.43 $5M -23,812 -13.6%
15 CPNG 2.62% 861,271 $26M $29.96 $7M +18,994 +2.3%
16 VEEV 2.21% 75,637 $22M $287.98 +75,637 NEW
17 SPGI 2.16% 40,444 $21M $527.29 $3M +5,303 +15.1%
18 SHW 1.95% 56,023 $19M $343.36 $658K +2,819 +5.3%
19 GOOGL 1.88% 104,925 $18M $176.23 -$6M -55,063 -34.4%
20 USFD 1.81% 232,316 $18M $77.01 $3M +8,683 +3.9%
21 PCOR 1.22% 175,233 $12M $68.42 $4M +46,779 +36.4%
22 XLP 1.19% 144,483 $12M $80.97 $2M +21,006 +17.0%
23 SNDA 0.47% 185,000 $5M $24.95 $307K
24 TEAM —% -$10M -45,688 -100.0% SOLD
25 CRH.L —% -$14M -156,299 -100.0% SOLD
26 GIL —% -$11M -241,205 -100.0% SOLD

New Positions

SymbolValue% Port
TSM $28M 2.84%
VEEV $22M 2.21%

Sold Out Positions

SymbolValue% Port
GIL —%
TEAM —%
CRH.L —%
View SEC EDGAR Filings for MAKENA CAPITAL MANAGEMENT LLC →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms