§ 13F · FUND PROFILE
MAKENA CAPITAL MANAGEMENT LLC.
Institutional filer · behavioral pattern: Other. Summary pending.
AUM · $998.3T (13F)Positions · 24Turnover · — · Q4Filed · Feb 3, 2026
CONCENTRATION
—
Top 10 holdings
NEW BUYS
0
+$51.4T deployed
EXITS
0
No exits
SECTOR SHIFT
—
No prior quarter data
3YR HIT RATE
—
Top-5 overlap
§ 01 · TOP HOLDINGS
The book · Q4 2025
FILED FEB 3, 2026
| # | Ticker | Name | Shares | $ value | % port | Δ Q4 |
|---|---|---|---|---|---|---|
| 1 | VOO | VANGUARD INDEX FDS | 402K | $252.1T | 30.2% | −21% |
| 2 | IEFA | ISHARES TR | 934K | $83.6T | 10.0% | −20% |
| 3 | IEMG | ISHARES INC | 579K | $38.9T | 4.7% | −20% |
| 4 | AMZN | AMAZON COM INC | 147K | $34.0T | 4.1% | −15% |
| 5 | MSFT | MICROSOFT CORP | 70K | $33.9T | 4.1% | −6% |
| 6 | XLV | SELECT SECTOR SPDR TR | 182K | $28.2T | 3.4% | −23% |
| 7 | V | VISA INC | 80K | $28.2T | 3.4% | −15% |
| 8 | GWRE | GUIDEWIRE SOFTWARE INC | 139K | $28.0T | 3.4% | +1% |
| 9 | TSM | TAIWAN SEMICONDUCTOR MFG LTD | 84K | $25.7T | 3.1% | −9% |
| 10 | VEEV | VEEVA SYS INC | 114K | $25.4T | 3.0% | +30% |
§ 02 · SECTOR ALLOCATION
Where the money is
Sector data pending
§ 03 · THE MAKENA SIGNAL
AC read
MAKENA CAPITAL MANAGEMENT LLC is a Other fund managing $998336.4 trillion in assets. The fund runs a focused portfolio of just 24 positions.
Read the full dossier →§ 04 · FILING HISTORY
Q-by-Q deltas
1 FILINGS
Q4 2025
Steady book
+0 buys · −0 exits · 0 changed
Q3 2025
Steady book
+0 buys · −0 exits · 0 changed
Q2 2025
Steady book
+0 buys · −0 exits · 0 changed
Q1 2025
Steady book
+0 buys · −0 exits · 0 changed