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MAKENA CAPITAL MANAGEMENT LLC

Q3 2025 · Filed 2025-11-10
Market Value
$957M
-2.9%
Holdings
24
-2
New Purchases
1
Added To
8
Closed
1
Reduced
13
Top 10 Concentration
72.7%
Turnover
8.3%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
FERG 1.98% 0.00% +1.98% $19M
V 3.37% 2.67% +0.70% $32M
VEEV 2.72% 2.21% +0.51% $26M
SPGI 2.65% 2.16% +0.49% $25M
GWRE 3.31% 2.85% +0.46% $32M
MCO 3.32% 2.91% +0.41% $32M
XLV 3.42% 3.07% +0.36% $33M
IEMG 4.99% 4.75% +0.24% $48M
USFD 2.02% 1.81% +0.21% $19M
SGI 3.04% 2.84% +0.21% $29M
XLP 1.29% 1.19% +0.10% $12M
PCOR 1.32% 1.22% +0.10% $13M
MTZ 2.71% 2.62% +0.09% $26M
MSFT 4.03% 3.94% +0.09% $39M
GOOGL 1.96% 1.88% +0.09% $19M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
VOO 32.62% 34.93% -2.31% $312M
SHW 0.00% 1.95% -1.95% $0
CPNG 1.99% 2.62% -0.63% $19M
GE 2.71% 3.30% -0.59% $26M
IEFA 10.64% 11.19% -0.55% $102M
TSM 2.71% 2.84% -0.13% $26M
LLYVK 2.66% 2.68% -0.02% $25M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 7 $492M 51.4%
Large Cap 14 $422M 44.1%
Mid Cap 2 $38M 4.0%
Small Cap 1 $5M 0.5%

Portfolio Analytics

Avg Market Cap
$671.5B
Median Market Cap
$59.8B
Avg P/E
33.2
Median P/E
29.0
Avg Dividend Yield
0.00%
Avg Beta
1.07
# Stocks
19
# ETFs / Funds
5

Top Holdings (24 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 VOO 32.62% 509,758 $312M $612.38 -$32M -96,334 -15.9%
2 IEFA 10.64% 1,167,110 $102M $87.28 -$8M -155,565 -11.8%
3 IEMG 4.99% 723,846 $48M $65.92 $912K -55,829 -7.2%
4 MSFT 4.03% 74,517 $39M $517.95 -$281K -3,642 -4.7%
5 AMZN 3.98% 173,410 $38M $219.57 -$510K -2,467 -1.4%
6 XLV 3.42% 235,409 $33M $139.17 $3M +11,251 +5.0%
7 V 3.37% 94,491 $32M $341.38 $6M +20,440 +27.6%
8 MCO 3.32% 66,619 $32M $476.48 $3M +9,434 +16.5%
9 GWRE 3.31% 137,843 $32M $229.86 $4M +18,318 +15.3%
10 SGI 3.04% 345,354 $29M $84.33 $1M -65,443 -15.9%
11 VEEV 2.72% 87,273 $26M $297.91 $4M +11,636 +15.4%
12 MTZ 2.71% 122,085 $26M $212.81 $109K -29,721 -19.6%
13 TSM 2.71% 92,949 $26M $279.29 -$2M -30,640 -24.8%
14 GE 2.71% 86,136 $26M $300.82 -$7M -40,082 -31.8%
15 LLYVK 2.66% 262,125 $25M $96.97 -$979K -63,121 -19.4%
16 SPGI 2.65% 52,155 $25M $486.71 $4M +11,711 +29.0%
17 USFD 2.02% 252,675 $19M $76.62 $1M +20,359 +8.8%
18 CPNG 1.99% 591,989 $19M $32.20 -$7M -269,282 -31.3%
19 FERG 1.98% 84,568 $19M $224.58 +84,568 NEW
20 GOOGL 1.96% 77,294 $19M $243.10 $299K -27,631 -26.3%
21 PCOR 1.32% 173,104 $13M $72.92 $633K -2,129 -1.2%
22 XLP 1.29% 157,643 $12M $78.37 $656K +13,160 +9.1%
23 SNDA 0.54% 185,000 $5M $27.72 $512K
24 SHW —% -$19M -56,023 -100.0% SOLD

New Positions

SymbolValue% Port
FERG $19M 1.98%

Sold Out Positions

SymbolValue% Port
SHW —%
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