MAKENA CAPITAL MANAGEMENT LLC Diversified Active

Location: Menlo Park, CA

CIK: 0001359262 · Show all filings

Period: Q4 2025 (← Previous) (Next →)

Filing Date: Feb 3, 2026

Total Value: $834M (100.0% shares, 0.0% debt)

Holdings (26)

VOO VANGUARD INDEX FDS 30.2%

Value $252M Shares 401,937 Est. Cost $523.37 Unrealized —

IEFA ISHARES TR 10.0%

Value $83.58M Shares 934,336 Est. Cost $73.29 Unrealized —

IEMG ISHARES INC 4.7%

Value $38.89M Shares 578,596 Est. Cost $53.25 Unrealized —

AMZN AMAZON COM INC 4.1%

Value $33.97M Shares 147,183 Est. Cost $159.03 Unrealized +43.9%

MSFT MICROSOFT CORP 4.1%

Value $33.85M Shares 70,000 Est. Cost $328.33 Unrealized +52.5%

XLV SELECT SECTOR SPDR TR 3.4%

Value $28.24M Shares 182,397 Est. Cost $142.24 Unrealized —

V VISA INC 3.4%

Value $28.21M Shares 80,424 Est. Cost $279.36 Unrealized +21.8%

GWRE GUIDEWIRE SOFTWARE INC 3.4%

Value $28M Shares 139,315 Est. Cost $165.91 Unrealized +33.3%

TSM TAIWAN SEMICONDUCTOR MFG LTD 3.1%

Value $25.68M Shares 84,495 Est. Cost $226.49 Unrealized —

VEEV VEEVA SYS INC 3.0%

Value $25.4M Shares 113,799 Est. Cost $255.46 Unrealized +3.9%

GE GE AEROSPACE 2.7%

Value $22.44M Shares 72,847 Est. Cost $133.25 Unrealized +125.7%

LLYVK LIBERTY LIVE HOLDINGS INC 2.7%

Value $22.4M Shares 269,418 Est. Cost $85.87 Unrealized 0.0%

MTZ MASTEC INC 2.7%

Value $22.26M Shares 102,423 Est. Cost $120.80 Unrealized +73.7%

MCO MOODYS CORP 2.4%

Value $19.72M Shares 38,598 Est. Cost $438.45 Unrealized +11.2%

SGI SOMNIGROUP INTERNATIONAL INC 2.3%

Value $19.55M Shares 218,934 Est. Cost $51.67 Unrealized +69.1%

FERG FERGUSON ENTERPRISES INC 2.3%

Value $19.38M Shares 87,063 Est. Cost $225.10 Unrealized +5.7%

GOOGL ALPHABET INC 2.0%

Value $17.04M Shares 54,435 Est. Cost $146.50 Unrealized +94.9%

SPGI S&P GLOBAL INC 2.0%

Value $16.97M Shares 32,469 Est. Cost $478.35 Unrealized +3.3%

PCOR PROCORE TECHNOLOGIES INC 2.0%

Value $16.91M Shares 232,527 Est. Cost $68.58 Unrealized +7.8%

USFD US FOODS HLDG CORP 2.0%

Value $16.83M Shares 223,384 Est. Cost $54.81 Unrealized +37.0%

CRH CRH PLC 2.0%

Value $16.53M Shares 132,428 Est. Cost $119.13 Unrealized 0.0%

CPNG COUPANG INC 2.0%

Value $16.31M Shares 691,386 Est. Cost $24.03 Unrealized +18.4%

XLP SELECT SECTOR SPDR TR 1.4%

Value $11.77M Shares 151,503 Est. Cost $76.21 Unrealized —

FSLR FIRST SOLAR INC 1.4%

Value $11.37M Shares 43,539 Est. Cost $252.20 Unrealized 0.0%

SNDA SONIDA SENIOR LIVING INC 0.7%

Value $6.033M Shares 185,000 Est. Cost $28.67 Unrealized +3.4%

FIG FIGMA INC 0.1%

Value $1.051M Shares 28,113 Est. Cost $45.19 Unrealized 0.0%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
VOO	VANGUARD INDEX FDS	401,937	$252M	30.2%	$523.37	—	S&P 500 ETF SHS	922908363
IEFA	ISHARES TR	934,336	$83.58M	10.0%	$73.29	—	CORE MSCI EAFE	46432F842
IEMG	ISHARES INC	578,596	$38.89M	4.7%	$53.25	—	CORE MSCI EMKT	46434G103
AMZN	AMAZON COM INC	147,183	$33.97M	4.1%	$159.03	+43.9%	COM	023135106
MSFT	MICROSOFT CORP	70,000	$33.85M	4.1%	$328.33	+52.5%	COM	594918104
XLV	SELECT SECTOR SPDR TR	182,397	$28.24M	3.4%	$142.24	—	STATE STREET HEA	81369Y209
V	VISA INC	80,424	$28.21M	3.4%	$279.36	+21.8%	COM CL A	92826C839
GWRE	GUIDEWIRE SOFTWARE INC	139,315	$28M	3.4%	$165.91	+33.3%	COM	40171V100
TSM	TAIWAN SEMICONDUCTOR MFG LTD	84,495	$25.68M	3.1%	$226.49	—	SPONSORED ADS	874039100
VEEV	VEEVA SYS INC	113,799	$25.4M	3.0%	$255.46	+3.9%	CL A COM	922475108
GE	GE AEROSPACE	72,847	$22.44M	2.7%	$133.25	+125.7%	COM NEW	369604301
LLYVK	LIBERTY LIVE HOLDINGS INC	269,418	$22.4M	2.7%	$85.87	0.0%	COM SHS SER C	530909308
MTZ	MASTEC INC	102,423	$22.26M	2.7%	$120.80	+73.7%	COM	576323109
MCO	MOODYS CORP	38,598	$19.72M	2.4%	$438.45	+11.2%	COM	615369105
SGI	SOMNIGROUP INTERNATIONAL INC	218,934	$19.55M	2.3%	$51.67	+69.1%	COM	88023U101
FERG	FERGUSON ENTERPRISES INC	87,063	$19.38M	2.3%	$225.10	+5.7%	COMMON STOCK NEW	31488V107
GOOGL	ALPHABET INC	54,435	$17.04M	2.0%	$146.50	+94.9%	CAP STK CL A	02079K305
SPGI	S&P GLOBAL INC	32,469	$16.97M	2.0%	$478.35	+3.3%	COM	78409V104
PCOR	PROCORE TECHNOLOGIES INC	232,527	$16.91M	2.0%	$68.58	+7.8%	COM	74275K108
USFD	US FOODS HLDG CORP	223,384	$16.83M	2.0%	$54.81	+37.0%	COM	912008109
CRH	CRH PLC	132,428	$16.53M	2.0%	$119.13	0.0%	ORD	G25508105
CPNG	COUPANG INC	691,386	$16.31M	2.0%	$24.03	+18.4%	CL A	22266T109
XLP	SELECT SECTOR SPDR TR	151,503	$11.77M	1.4%	$76.21	—	STATE STREET CON	81369Y308
FSLR	FIRST SOLAR INC	43,539	$11.37M	1.4%	$252.20	0.0%	COM	336433107
SNDA	SONIDA SENIOR LIVING INC	185,000	$6.033M	0.7%	$28.67	+3.4%	COM	140475203
FIG	FIGMA INC	28,113	$1.051M	0.1%	$45.19	0.0%	CLASS A COM STK	316841105