Makena Capital Management LLC
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 14, 2024), Makena Capital Management LLC reported 39 stock positions worth $429.6 million. Its top holding was Amazon.com (AMZN) at 5.2% of the portfolio, followed by Microsoft (MSFT, 5.1%) and General Electric (GE, 4.4%). Compared with Q4 2023, it opened 2 new positions, sold out of 4, added to 19 and reduced 17. The biggest buy was a new position in Planet Fitness Class A (PLNT) and the biggest sale an exit from Datadog Class A (DDOG).
- Most Recent 13F
- Q2 2026
- Location
- MENLO PARK, CA
- CIK
- 0001359262
- Portfolio Value
- $429.6M (Q1 2024)
- SEC Filing
- 0001359262-24-000005 ↗ filed May 14, 2024
Holdings Value
Holdings 39 stocks · $429.6M
| AMZN Amazon.com Inc. | 5.17% | 123,014 | $22.2M | Reduce -14.7% |
| MSFT Microsoft Corp. | 5.10% | 52,063 | $21.9M | Reduce -12.1% |
| GE General Electric | 4.40% | 107,649 | $18.9M | Reduce -28.2% |
| PCOR Procore Technologies Inc. | 3.97% | 207,772 | $17.1M | Reduce -17.7% |
| V Visa Inc. Class A | 3.93% | 60,505 | $16.9M | Reduce -7.9% |
| INTU Intuit Inc. | 3.64% | 24,052 | $15.6M | Reduce -2.7% |
| META Meta Platforms Inc. Class A | 3.42% | 30,285 | $14.7M | Reduce -30.1% |
| USFD US Foods Holding Corp. | 3.15% | 250,537 | $13.5M | Reduce -16.0% |
| GIL Gildan Activewear Inc. | 3.13% | 362,041 | $13.4M | Reduce -11.1% |
| CRM Salesforce Inc. | 3.10% | 44,232 | $13.3M | Reduce -14.1% |
| PLNT Planet Fitness Inc. Class A | 2.99% | 204,987 | $12.8M | New |
| BXP BXP Inc. filed as BOSTON PROPERTIES INC | 2.88% | 189,334 | $12.4M | Add +1.4% |
| CRH CRH PLC | 2.74% | 136,674 | $11.8M | Reduce -21.2% |
| PLD Prologis Inc. | 2.65% | 87,545 | $11.4M | Add +0.7% |
| GOOGL Alphabet Inc. Class A | 2.44% | 69,523 | $10.5M | Reduce -28.8% |
| GTM Zoominfo Technologies Inc. | 2.44% | 654,511 | $10.5M | Add +22.8% |
| TEAM Atlassian Corp. Class A | 2.42% | 53,385 | $10.4M | Add +24.8% |
| FR First Industrial Realty TR | 2.41% | 197,274 | $10.4M | Add +0.6% |
| SGI Somnigroup International Inc. filed as TEMPUR SEALY INTL INC | 2.39% | 181,044 | $10.3M | Reduce -12.1% |
| AVB Avalonbay Communities Inc. | 2.39% | 55,317 | $10.3M | Add +0.9% |
| HUM Humana Inc. | 2.37% | 29,314 | $10.2M | Reduce -21.4% |
| XLP SS Consumer Staples Sel Sect | 2.33% | 131,272 | $10.0M | Reduce -9.0% |
| MELI MercadoLibre Inc. | 2.32% | 6,603 | $10.0M | Add +4.0% |
| UDR Udr Inc. | 2.28% | 261,915 | $9.8M | Add +1.2% |
| ARE Alexandria Real Estate Equit | 2.20% | 73,431 | $9.5M | Add +1.0% |
| WELL Welltower Inc. | 2.02% | 92,794 | $8.7M | Add +0.7% |
| TRNO Terreno Realty Corp. | 1.86% | 120,474 | $8.0M | Add +0.8% |
| PSA Public Storage | 1.74% | 25,841 | $7.5M | No change |
| INVH Invitation Homes Inc. | 1.74% | 210,179 | $7.5M | Add +0.8% |
| EXR Extra Space Storage Inc. | 1.73% | 50,472 | $7.4M | Add +1.0% |
| BRX Brixmor Property Group Inc. | 1.68% | 307,772 | $7.2M | Add +1.2% |
| MAA Mid-America Apartment Comm | 1.66% | 54,261 | $7.1M | Add +1.2% |
| AMH American Homes 4 Rent- A | 1.66% | 193,774 | $7.1M | Add +0.6% |
| HUBS HubSpot Inc. | 1.64% | 11,226 | $7.0M | New |
| MCO Moody's Corp. | 1.64% | 17,874 | $7.0M | Add +1.2% |
| GMS GMS Inc. | 1.63% | 72,146 | $7.0M | Reduce -12.9% |
| IVT Inventrust Properties Corp. | 1.60% | 266,722 | $6.9M | Add +5.2% |
| REXR Rexford Industrial Realty Inc. | 1.56% | 133,621 | $6.7M | Add +0.7% |
| SPGI S&P Global Inc. | 1.55% | 15,606 | $6.6M | Reduce -1.3% |
Portfolio Sells Q4 2023 → Q1 2024
| DDOG Datadog Inc. Class A | Sold out | 0.00% | −2.33 |
| WMT Walmart Inc. | Sold out | 0.00% | −1.97 |
| HUM Humana Inc. | Reduce -21.4% | 2.37% | −1.50 |
| GOOGL Alphabet Inc. Class A | Reduce -28.8% | 2.44% | −0.68 |
| SPY SS SPDR S&P 500 ETF Trust-US | Sold out | 0.00% | −0.07 |
| SITC Site Centers Corp. | Sold out | 0.00% | −0.06 |
| META Meta Platforms Inc. Class A | Reduce -30.1% | 3.42% | −0.05 |
| SPGI S&P Global Inc. | Reduce -1.3% | 1.55% | −0.03 |
| XLP SS Consumer Staples Sel Sect | Reduce -9.0% | 2.33% | −0.02 |
| PCOR Procore Technologies Inc. | Reduce -17.7% | 3.97% | +0.02 |
| SGI Somnigroup International Inc. | Reduce -12.1% | 2.39% | +0.02 |
| CRH CRH PLC | Reduce -21.2% | 2.74% | +0.03 |
| CRM Salesforce Inc. | Reduce -14.1% | 3.10% | +0.03 |
| MSFT Microsoft Corp. | Reduce -12.1% | 5.10% | +0.06 |
| V Visa Inc. Class A | Reduce -7.9% | 3.93% | +0.06 |
| GE General Electric | Reduce -28.2% | 4.40% | +0.07 |
| USFD US Foods Holding Corp. | Reduce -16.0% | 3.15% | +0.08 |
| GIL Gildan Activewear Inc. | Reduce -11.1% | 3.13% | +0.08 |
| GMS GMS Inc. | Reduce -12.9% | 1.63% | +0.09 |
| INTU Intuit Inc. | Reduce -2.7% | 3.64% | +0.14 |
| AMZN Amazon.com Inc. | Reduce -14.7% | 5.17% | +0.20 |
Portfolio Buys Q4 2023 → Q1 2024
| PLNT Planet Fitness Inc. Class A | New | 2.99% | +2.99 |
| HUBS HubSpot Inc. | New | 1.64% | +1.64 |
| GTM Zoominfo Technologies Inc. | Add +22.8% | 2.44% | +0.21 |
| TRNO Terreno Realty Corp. | Add +0.8% | 1.86% | +0.17 |
| IVT Inventrust Properties Corp. | Add +5.2% | 1.60% | +0.14 |
| WELL Welltower Inc. | Add +0.7% | 2.02% | +0.14 |
| INVH Invitation Homes Inc. | Add +0.8% | 1.74% | +0.13 |
| TEAM Atlassian Corp. Class A | Add +24.8% | 2.42% | +0.12 |
| ARE Alexandria Real Estate Equit | Add +1.0% | 2.20% | +0.12 |
| AMH American Homes 4 Rent- A | Add +0.6% | 1.66% | +0.09 |
| BRX Brixmor Property Group Inc. | Add +1.2% | 1.68% | +0.08 |
| FR First Industrial Realty TR | Add +0.6% | 2.41% | +0.07 |
| MCO Moody's Corp. | Add +1.2% | 1.64% | +0.07 |
| AVB Avalonbay Communities Inc. | Add +0.9% | 2.39% | +0.07 |
| MELI MercadoLibre Inc. | Add +4.0% | 2.32% | +0.06 |
| UDR Udr Inc. | Add +1.2% | 2.28% | +0.04 |
| MAA Mid-America Apartment Comm | Add +1.2% | 1.66% | +0.03 |
| PLD Prologis Inc. | Add +0.7% | 2.65% | +0.03 |
| BXP BXP Inc. | Add +1.4% | 2.88% | −0.09 |
| EXR Extra Space Storage Inc. | Add +1.0% | 1.73% | −0.09 |
| REXR Rexford Industrial Realty Inc. | Add +0.7% | 1.56% | −0.12 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 26 | $951.8M | VOO, IEFA, IEMG, VEEV, GWRE |
| Q1 2026 | 27 | $866.1M | VOO, IEFA, IEMG, AMZN, GWRE |
| Q4 2025 | 26 | $834.5M | VOO, IEFA, IEMG, AMZN, MSFT |
| Q3 2025 | 24 | $968.5M | VOO, IEFA, IEMG, MSFT, AMZN |
| Q2 2025 | 24 | $998.3M | VOO, IEFA, IEMG, MSFT, AMZN |
| Q1 2025 | 25 | $968.7M | VOO, IEFA, IEMG, MSFT, AMZN |
| Q4 2024 | 41 | $616.5M | VOO, IEFA, AMZN, MSFT, IEMG |
| Q3 2024 | 39 | $416.4M | AMZN, MSFT, GWRE, GE, GOOGL |
| Q2 2024 | 38 | $431.6M | AMZN, MSFT, GE, PCOR, GOOGL |
| Q1 2024 | 39 | $429.6M | AMZN, MSFT, GE, PCOR, V |