Makena Capital Management LLC reported 21 positions worth $472.13M for the quarter ended Jun 30, 2026, up 13.0% on the prior quarter. It opened 2 new positions, added to 11, trimmed 6 and exited 3. Its largest holding is Veeva Systems Inc at 7.6% of the portfolio.
Reported 13F market value at each quarter end. A change mixes trading with price moves in the positions held.
Dollar value of shares bought and sold each quarter, at that quarter’s price. It counts trading only, not price changes.
How many positions were opened, added to, trimmed or closed each quarter.
Share of reported value in each sector at every quarter end.
| Holding | Change | Change % | Trade Value | Weight |
|---|---|---|---|---|
| MELI Mercadolibre Inc | +14.4K | – | $24.45M | 5.18% |
| NYT New York Times Co | +233.8K | – | $16.36M | 3.47% |
| GWRE Guidewire Software, Inc. | +82.3K | +41.0% | $10.13M | 7.38% |
| VEEV Veeva Systems Inc | +47.2K | +30.4% | $8.37M | 7.61% |
| PCOR Procore Technologies, Inc. | +177.0K | +55.2% | $7.19M | 4.28% |
| MCO Moodys Corp | +10.6K | +21.6% | $4.81M | 5.72% |
| SPGI S&P Global Inc. | +9,569 | +20.8% | $3.90M | 4.8% |
| CPNG Coupang, Inc. | +213.3K | +24.2% | $3.70M | 4.03% |
| CRH Crh Public Ltd Co | +17.1K | +9.0% | $1.82M | 4.67% |
| LLYVK Liberty Live Holdings, Inc. | +9,923 | +4.3% | $1.05M | 5.36% |
| Holding | Change | Change % | Trade Value | Weight |
|---|---|---|---|---|
| MSFT Microsoft Corp | -55.7K | -100.0% | $20.63M | Exited |
| SGI Somnigroup International Inc. | -251.2K | -100.0% | $18.57M | Exited |
| MTZ Mastec Inc | -18.8K | -23.7% | $7.81M | 5.33% |
| TSM Taiwan Semiconductor Manufacturing Co Ltd | -12.3K | -14.7% | $5.86M | 7.23% |
| AMZN Amazon Com Inc | -17.4K | -11.8% | $4.14M | 6.55% |
| GOOGL Alphabet Inc. | -8,866 | -14.4% | $3.17M | 3.98% |
| NVDA Nvidia Corp | -11.4K | -10.8% | $2.29M | 4.01% |
| JCI Johnson Controls International plc | -9,122 | -8.1% | $1.33M | 3.22% |
| FIG Figma, Inc. | -28.1K | -100.0% | $594.31K | Exited |
| # | Activity | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1 | VEEV Veeva Systems Inc | Technology | 202.5K | $35.93M | 7.61% | +47.2K | +30.4% | Added | 0.12% |
| 2 | GWRE Guidewire Software, Inc. | Technology | 283.0K | $34.82M | 7.38% | +82.3K | +41.0% | Added | 0.34% |
| 3 | TSM Taiwan Semiconductor Manufacturing Co Ltd | Technology | 71.5K | $34.12M | 7.23% | -12.3K | -14.7% | Reduced | 0% |
| 4 | V Visa Inc. | Financial Services | 90.2K | $30.96M | 6.56% | +188 | +0.2% | Added | 0.01% |
| 5 | AMZN Amazon Com Inc | Consumer Discretionary | 129.8K | $30.94M | 6.55% | -17.4K | -11.8% | Reduced | 0% |
| 6 | MCO Moodys Corp | Financial Services | 59.7K | $27.03M | 5.72% | +10.6K | +21.6% | Added | 0.03% |
| 7 | LLYVK Liberty Live Holdings, Inc. | Communication Services | 239.8K | $25.33M | 5.36% | +9,923 | +4.3% | Added | 0.38% |
| 8 | MTZ Mastec Inc | Industrials | 60.5K | $25.15M | 5.33% | -18.8K | -23.7% | Reduced | 0.08% |
| 9 | GE General Electric Co | Industrials | 67.2K | $25.12M | 5.32% | +457 | +0.7% | Added | 0.01% |
| 10 | MELI Mercadolibre Inc | Technology | 14.4K | $24.45M | 5.18% | +14.4K | – | New | 0.03% |
| 11 | SPGI S&P Global Inc. | Financial Services | 55.6K | $22.64M | 4.8% | +9,569 | +20.8% | Added | 0.02% |
| 12 | CRH Crh Public Ltd Co | Basic Materials | 205.9K | $22.03M | 4.67% | +17.1K | +9.0% | Added | 0.03% |
| 13 | PCOR Procore Technologies, Inc. | Technology | 497.7K | $20.22M | 4.28% | +177.0K | +55.2% | Added | 0.33% |
| 14 | CPNG Coupang, Inc. | Consumer Discretionary | 1.10M | $19.04M | 4.03% | +213.3K | +24.2% | Added | 0.07% |
| 15 | NVDA Nvidia Corp | Technology | 94.7K | $18.95M | 4.01% | -11.4K | -10.8% | Reduced | 0% |
Tip. Select a row to see that position’s full history at Makena Capital Management.
As of its Q2 2026 13F filing, Makena Capital Management LLC’s five largest positions were Veeva Systems Inc (VEEV) at 7.6%, Guidewire Software, Inc. (GWRE) at 7.4%, Taiwan Semiconductor Manufacturing Co Ltd (TSM) at 7.2%, Visa Inc. (V) at 6.6%, Amazon Com Inc (AMZN) at 6.6% of the reported portfolio.
Makena Capital Management LLC reported a 13F portfolio worth $472.13M across 21 positions for Q2 2026. That is up 13.0% from the previous quarter.
Its largest purchases by value were Mercadolibre Inc ($24.45M), New York Times Co ($16.36M), Guidewire Software, Inc. ($10.13M). It opened 2 new positions.
Its largest sales by value were Microsoft Corp ($20.63M), Somnigroup International Inc. ($18.57M), Mastec Inc ($7.81M). It exited 3 positions entirely.
From the Form 13F-HR reports Makena Capital Management LLC files with the SEC each quarter, within 45 days of quarter end. A 13F lists long positions in US-listed equities and options; it excludes short positions, cash, bonds and most non-US holdings.
13F data reflects long positions in US-listed equities and options as reported to the SEC up to 45 days after quarter end. It excludes short positions, cash, bonds and most non-US securities, so it is not a complete picture of a manager’s assets.