MAKENA CAPITAL MANAGEMENT LLC Diversified Active

CIK: 0001359262 · Show all filings

Period: Q3 2025 (← Previous) (Next →)

Filing Date: Nov 10, 2025

Total Value ($000): $968,470 (100.0% shares, 0.0% debt)

Holdings (24)

VOO VANGUARD INDEX FDS 32.2%

Value ($000) $312,166 Shares 509,758 Est. Cost $523.37 Unrealized —

IEFA ISHARES TR 10.5%

Value ($000) $101,865 Shares 1,167,110 Est. Cost $73.29 Unrealized —

IEMG ISHARES INC 4.9%

Value ($000) $47,716 Shares 723,846 Est. Cost $53.25 Unrealized —

MSFT MICROSOFT CORP 4.0%

Value ($000) $38,596 Shares 74,517 Est. Cost $328.33 Unrealized +54.9%

AMZN AMAZON COM INC 3.9%

Value ($000) $38,076 Shares 173,410 Est. Cost $159.03 Unrealized +42.3%

XLV SELECT SECTOR SPDR TR 3.4%

Value ($000) $32,762 Shares 235,409 Est. Cost $142.24 Unrealized —

V VISA INC 3.3%

Value ($000) $32,257 Shares 94,491 Est. Cost $279.36 Unrealized +23.5%

MCO MOODYS CORP 3.3%

Value ($000) $31,743 Shares 66,619 Est. Cost $438.45 Unrealized +14.6%

GWRE GUIDEWIRE SOFTWARE INC 3.3%

Value ($000) $31,685 Shares 137,843 Est. Cost $165.31 Unrealized +37.6%

SGI SOMNIGROUP INTERNATIONAL INC 3.0%

Value ($000) $29,124 Shares 345,354 Est. Cost $51.67 Unrealized +52.5%

VEEV VEEVA SYS INC 2.7%

Value ($000) $25,999 Shares 87,273 Est. Cost $252.46 Unrealized +11.5%

MTZ MASTEC INC 2.7%

Value ($000) $25,981 Shares 122,085 Est. Cost $120.80 Unrealized +51.6%

TSM TAIWAN SEMICONDUCTOR MFG LTD 2.7%

Value ($000) $25,960 Shares 92,949 Est. Cost $226.49 Unrealized —

GE GE AEROSPACE 2.7%

Value ($000) $25,911 Shares 86,136 Est. Cost $133.25 Unrealized +104.6%

— LIBERTY MEDIA CORP DEL 2.6%

Value ($000) $25,418 Shares 262,125 Est. Cost $58.73 Unrealized —

SPGI S&P GLOBAL INC 2.6%

Value ($000) $25,384 Shares 52,155 Est. Cost $478.35 Unrealized +11.6%

USFD US FOODS HLDG CORP 2.0%

Value ($000) $19,360 Shares 252,675 Est. Cost $54.81 Unrealized +45.1%

CPNG COUPANG INC 2.0%

Value ($000) $19,062 Shares 591,989 Est. Cost $23.28 Unrealized +29.8%

FERG FERGUSON ENTERPRISES INC 2.0%

Value ($000) $18,992 Shares 84,568 Est. Cost $224.73 Unrealized 0.0%

GOOGL ALPHABET INC 1.9%

Value ($000) $18,790 Shares 77,294 Est. Cost $146.50 Unrealized +42.8%

PCOR PROCORE TECHNOLOGIES INC 1.3%

Value ($000) $12,623 Shares 173,104 Est. Cost $66.73 Unrealized +4.6%

XLP SELECT SECTOR SPDR TR 1.3%

Value ($000) $12,354 Shares 157,643 Est. Cost $76.21 Unrealized —

FLUT FLUTTER ENTMT PLC 1.2%

Value ($000) $11,517 Shares 45,344 Est. Cost $292.68 Unrealized 0.0%

SNDA SONIDA SENIOR LIVING INC 0.5%

Value ($000) $5,128 Shares 185,000 Est. Cost $28.67 Unrealized -10.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
VOO	VANGUARD INDEX FDS	509,758	$312,166	32.2%	$523.37	—	S&P 500 ETF SHS	922908363
IEFA	ISHARES TR	1,167,110	$101,865	10.5%	$73.29	—	CORE MSCI EAFE	46432F842
IEMG	ISHARES INC	723,846	$47,716	4.9%	$53.25	—	CORE MSCI EMKT	46434G103
MSFT	MICROSOFT CORP	74,517	$38,596	4.0%	$328.33	+54.9%	COM	594918104
AMZN	AMAZON COM INC	173,410	$38,076	3.9%	$159.03	+42.3%	COM	023135106
XLV	SELECT SECTOR SPDR TR	235,409	$32,762	3.4%	$142.24	—	SBI HEALTHCARE	81369Y209
V	VISA INC	94,491	$32,257	3.3%	$279.36	+23.5%	COM CL A	92826C839
MCO	MOODYS CORP	66,619	$31,743	3.3%	$438.45	+14.6%	COM	615369105
GWRE	GUIDEWIRE SOFTWARE INC	137,843	$31,685	3.3%	$165.31	+37.6%	COM	40171V100
SGI	SOMNIGROUP INTERNATIONAL INC	345,354	$29,124	3.0%	$51.67	+52.5%	COM	88023U101
VEEV	VEEVA SYS INC	87,273	$25,999	2.7%	$252.46	+11.5%	CL A COM	922475108
MTZ	MASTEC INC	122,085	$25,981	2.7%	$120.80	+51.6%	COM	576323109
TSM	TAIWAN SEMICONDUCTOR MFG LTD	92,949	$25,960	2.7%	$226.49	—	SPONSORED ADS	874039100
GE	GE AEROSPACE	86,136	$25,911	2.7%	$133.25	+104.6%	COM NEW	369604301
—	LIBERTY MEDIA CORP DEL	262,125	$25,418	2.6%	$58.73	—	COM LBTY LIV S C	531229722
SPGI	S&P GLOBAL INC	52,155	$25,384	2.6%	$478.35	+11.6%	COM	78409V104
USFD	US FOODS HLDG CORP	252,675	$19,360	2.0%	$54.81	+45.1%	COM	912008109
CPNG	COUPANG INC	591,989	$19,062	2.0%	$23.28	+29.8%	CL A	22266T109
FERG	FERGUSON ENTERPRISES INC	84,568	$18,992	2.0%	$224.73	0.0%	COMMON STOCK NEW	31488V107
GOOGL	ALPHABET INC	77,294	$18,790	1.9%	$146.50	+42.8%	CAP STK CL A	02079K305
PCOR	PROCORE TECHNOLOGIES INC	173,104	$12,623	1.3%	$66.73	+4.6%	COM	74275K108
XLP	SELECT SECTOR SPDR TR	157,643	$12,354	1.3%	$76.21	—	SBI CONS STPLS	81369Y308
FLUT	FLUTTER ENTMT PLC	45,344	$11,517	1.2%	$292.68	0.0%	SHS	G3643J108
SNDA	SONIDA SENIOR LIVING INC	185,000	$5,128	0.5%	$28.67	-10.5%	COM	140475203