MAKENA CAPITAL MANAGEMENT LLC
Hedge FundCIKLocation
Long U.S. equity positions disclosed to the SEC on Form 13F-HR.
Latest filingQ2 2026Quarter ended30 Jun 2026Filed10 Aug 2026
Firm profile · Form ADV
SEC adviser registrationMakena Capital Management, LLC is a registered investment adviser that provides diversified alternative asset exposure through pooled investment vehicles to clients such as endowments, foundations, family offices, and sovereign wealth funds. Based on investment disciplines developed by North American university endowments and foundations, its global investment approach incorporates a full range of asset classes and strategies. The firm's strategy focuses on preserving and growing perpetual capital while seeking to deliver risk-adjusted returns over the long term or multiple market cycles.Summarised from the firm’s Form ADV Part 2A brochure.
Portfolio Turnover
9%
Of book traded, QoQ
Positions
26
Long U.S. equities
Top 10 Concentration
70%
Of reported value
QoQ Change
$85.8M
Value change
Assets under management
Form ADV RAUM · client mix · 13F over timeRegulatory AUM
$24.3B
Form ADV, as of Mar 2026
● 98% discretionary ($23.8B)
● 2% non-discretionary ($465M)
● 2% non-discretionary ($465M)
By client type
13F AUM over time
$952M
Q2 ’26 · 13F AUM
▲ 5%
38 quarters
Loading position history…
| Security⇅ | Shares⇅ | Market Value▼ | Est. Cost⇅ | Last Px⇅ | Est. Return⇅ | % Portfolio⇅ | Δ Shares⇅ | Action⇅ |
|---|---|---|---|---|---|---|---|---|
| 422KSH | $290.0M | ~$686.81 | $704.60 | ▲2.6% | 30.5% | ▼ 4.6% | Reduced | |
| 1.02MSH | $98.3M | ~$96.58 | $95.96 | ▼0.6% | 10.3% | ▼ 5.6% | Reduced | |
| 591KSH | $48.9M | ~$82.84 | $77.34 | ▼6.6% | 5.1% | ▼ 14.7% | Reduced | |
| 202KSH | $35.9M | ~$177.47 | $316.80 | ▲78.5% | 3.8% | ▲ 30.4% | Added | |
| 283KSH | $34.8M | ~$123.05 | $171.44 | ▲39.3% | 3.7% | ▲ 41.0% | Added | |
| 71KSH | $34.1M | ~$477.57 | $420.22 | ▼12.0% | 3.6% | ▼ 14.7% | Reduced | |
| 197KSH | $31.3M | ~$158.66 | $175.65 | ▲10.7% | 3.3% | ▲ 13.4% | Added | |
| 90KSH | $31.0M | ~$343.09 | $402.92 | ▲17.4% | 3.3% | ▲ 0.2% | Added | |
| 130KSH | $30.9M | ~$238.34 | $262.45 | ▲10.1% | 3.3% | ▼ 11.8% | Reduced | |
| 60KSH | $27.0M | ~$452.92 | $481.26 | ▲6.3% | 2.8% | ▲ 21.6% | Added |
VOOReduced
$290.0M· 30.5%· 422K SH· ▼ 4.6%· cost $686.81· last $704.60· ▲2.6%
IEFAReduced
$98.3M· 10.3%· 1.02M SH· ▼ 5.6%· cost $96.58· last $95.96· ▼0.6%
IEMGReduced
$48.9M· 5.1%· 591K SH· ▼ 14.7%· cost $82.84· last $77.34· ▼6.6%
VEEVAdded
$35.9M· 3.8%· 202K SH· ▲ 30.4%· cost $177.47· last $316.80· ▲78.5%
GWREAdded
$34.8M· 3.7%· 283K SH· ▲ 41.0%· cost $123.05· last $171.44· ▲39.3%
TSMReduced
$34.1M· 3.6%· 71K SH· ▼ 14.7%· cost $477.57· last $420.22· ▼12.0%
XLVAdded
$31.3M· 3.3%· 197K SH· ▲ 13.4%· cost $158.66· last $175.65· ▲10.7%
VAdded
$31.0M· 3.3%· 90K SH· ▲ 0.2%· cost $343.09· last $402.92· ▲17.4%
AMZNReduced
$30.9M· 3.3%· 130K SH· ▼ 11.8%· cost $238.34· last $262.45· ▲10.1%
MCOAdded
$27.0M· 2.8%· 60K SH· ▲ 21.6%· cost $452.92· last $481.26· ▲6.3%
1–10 of 26
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Sector Breakdown
Q2 2026Unclassified54.3% · $517.0M
Information Technology12.8% · $121.8M
Financials8.5% · $80.6M
Consumer Discretionary7.8% · $74.4M
Communication Services6.4% · $60.5M
Industrials5.3% · $50.3M
Health Care5.0% · $47.3M