Makena Capital Management
Makena Capital Management reported 26 stocks worth $952M in its 13F filing for Q2 2026, filed Aug 10, 2026. Its largest holdings are VOO (30.5%), IEFA (10.3%) and IEMG (5.1%). Compared with Q1 2026, the fund opened new positions in MELI and NYT, added to VEEV, GWRE and XLV, trimmed VOO, IEFA and IEMG and sold out of MSFT, SGI and FIG.
Holdings
| # | Stock | Value | Weight | Shares | Change | Shares, 8 qtrs | Held |
|---|---|---|---|---|---|---|---|
| 1 |  VOO Vanguard S&P 500 ETF | $290M | 30.5% | 422K | −21K (−5%) | 7 of 8 | |
| 2 |  IEFA Ishares TR | $98.3M | 10.3% | 1M | −60K (−6%) | 7 of 8 | |
| 3 |  IEMG Ishares Inc | $48.9M | 5.1% | 591K | −102K (−15%) | 7 of 8 | |
| 4 |  VEEV Veeva Sys Inc Class Class A | $35.9M | 3.8% | 202K | +47K (+30%) | 5 of 8 | |
| 5 |  GWRE Guidewire Software Inc | $34.8M | 3.7% | 283K | +82K (+41%) | 8 of 8 | |
| 6 |  TSM Taiwan Semiconductor Mfg Ltd | $34.1M | 3.6% | 71K | −12K (−15%) | 5 of 8 | |
| 7 |  XLV State Street | $31.3M | 3.3% | 197K | +23K (+13%) | 8 of 8 | |
| 8 |  V Visa Inc | $31M | 3.3% | 90K | +188 (+0%) | 8 of 8 | |
| 9 |  AMZN Amazon Com Inc | $30.9M | 3.3% | 130K | −17K (−12%) | 8 of 8 | |
| 10 |  MCO Moodys Corp | $27M | 2.8% | 60K | +11K (+22%) | 8 of 8 |
Positions at Jun 30, 2026, as reported. Change is against the fund's Q1 2026 filing; weight is the share of the fund's reported stocks.
Sold out
held in Q1 2026, gone in Q2 2026
Reported value
last 8 quartersThe value of the US stocks the fund reported, at quarter end prices. It moves with the market as well as with buying and selling.
Filings for Q2 2026
straight from the SEC| Filed | Form | Quarter | |
|---|---|---|---|
| Aug 10, 2026 | 13F-HR | Q2 2026 | SEC filing ↗ |
Other superinvestors
All hedge fund holdings →Makena Capital Management 13F FAQ
What does Makena Capital Management own?
Makena Capital Management reported 26 stocks worth $952M in its 13F filing for Q2 2026, filed Aug 10, 2026. Its largest holdings are VOO (30.5%), IEFA (10.3%) and IEMG (5.1%). The table above lists every position in the filing (the top 10 without an account).
What did Makena Capital Management buy and sell in Q2 2026?
Compared with Q1 2026: 2 new positions, 12 added to, 10 trimmed and 3 sold out. New positions include MELI and NYT. It sold all of MSFT, SGI and FIG.
When will Makena Capital Management file its next 13F?
Holdings as of Sep 30, 2026 are due by Nov 16, 2026. The filing appears on this page within minutes of reaching the SEC.
How much is Makena Capital Management's portfolio worth?
The Q2 2026 filing reports $952M in US stocks. That leaves out cash, bonds, short positions and most foreign holdings, so the fund's total assets are usually larger.
For informational and educational purposes only. Not investment advice, and not a recommendation to buy or sell any security. Holdings come from the fund's SEC Form 13F filings as reported and show positions at the end of the quarter, up to 45 days before the filing. The fund may have changed its positions since. A 13F leaves out short positions, cash, bonds and most foreign holdings. See all hedge fund holdings.