Makena Capital Management LLC — Q4 2016 13F Holdings

Name: Makena Capital Management LLC — 13F Holdings, Q4 2016
Creator: AlphaSMO
License: https://www.sec.gov/forms

CIK: 0001359262

Total reported value

$866.1M

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	EEM	Ishares Msci Emerging Market	ETF-Emerging Markets	31.30%	—	-64.32%
2	EFA	Ishares Msci Eafe ETF	ETF-Other	29.29%	—	-64.73%
3	IVV	Ishares Core S&p 500 ETF	ETF-Large Cap & Growth	10.75%	—	-45.95%
4	IEFA	Ishares Core Msci Eafe ETF	ETF-Other	4.77%	+1.25%	-4.97%
5	HYG	Ishr Ibx Usd Hiyld Cb Etf-ui	ETF-High Yield	3.43%	—	+7.97%
6	AGG	Ishares Core U.s. Aggregate	ETF-Other	3.31%	—	+51.12%
7	TLT	Ishares 20+ Year Treasury Bd	ETF-Gov Bonds	2.80%	—	+6.07%
8	VWO	Vanguard Ftse Emerging Marke	ETF-Emerging Markets	2.23%	—	+11.57%
9	IWM	Ishares Russell 2000 ETF	ETF-Small Cap	2.22%	—	-20.81%
10	TIP	Ishares Tips Bond ETF	ETF-Other	2.04%	—	-8.10%
11	VEA	Vanguard Ftse Developed ETF	ETF-Other	1.34%	—	-11.13%
12	IYR	Ishares US Real Estate ETF	ETF-Other	1.32%	—	+12.36%
13	GSG	Ishares S&p Gsci Commodity I	ETF-Commodities	1.21%	—	-13.60%
14	DJP	Ipath Bloomberg Commodity In	ETF-Commodities	1.16%	—	—
15	IJK	Ishares S&p Mid-cap 400 Grow	ETF-Other	0.73%	—	-6.81%
16	HEWJ	Isha Curr Hedged Msci Japan	ETF-Other	0.72%	—	-16.05%
17	IGE	Ishares North American Natur	ETF-Other	0.65%	—	-18.79%
18	HEDJ	Wisdomtree Europe Hedged Equ	ETF-Other	0.24%	—	-13.42%
19	RSX1USD	Vaneck Vectors Russia ETF	ETF-Other	0.19%	—	-11.52%
20	INDA	Ishares Msci India ETF	ETF-Other	0.15%	—	-9.81%
21	EWW	Ishares Msci Mexico ETF	ETF-Other	0.15%	—	-9.90%

Position changes disclosed by Makena Capital Management LLC for the quarter ending Q4 2016, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	IEFA	Ishares Core Msci Eafe ETF	+2.5%	-4.97%	Trim
2	AGG	Ishares Core U.s. Aggregate	+2.3%	+51.12%	Add
3	IVV	Ishares Core S&p 500 ETF	+2.3%	-45.95%	Trim
4	HYG	Ishr Ibx Usd Hiyld Cb Etf-ui	+2%	+7.97%	Add
5	TLT	Ishares 20+ Year Treasury Bd	+1.5%	+6.07%	Add
6	VWO	Vanguard Ftse Emerging Marke	+1.3%	+11.57%	Add
7	IWM	Ishares Russell 2000 ETF	+1.1%	-20.81%	Trim
8	TIP	Ishares Tips Bond ETF	+1%	-8.10%	Trim
9	IYR	Ishares US Real Estate ETF	+0.8%	+12.36%	Add
10	VEA	Vanguard Ftse Developed ETF	+0.7%	-11.13%	Trim
11	GSG	Ishares S&p Gsci Commodity I	+0.6%	-13.60%	Trim
12	IJK	Ishares S&p Mid-cap 400 Grow	+0.4%	-6.81%	Trim
13	HEWJ	Isha Curr Hedged Msci Japan	+0.4%	-16.05%	Trim
14	IGE	Ishares North American Natur	+0.3%	-18.79%	Trim
15	HEDJ	Wisdomtree Europe Hedged Equ	+0.1%	-13.42%	Trim
16	RSX1USD	Vaneck Vectors Russia ETF	+0.1%	-11.52%	Trim
17	INDA	Ishares Msci India ETF	+0.1%	-9.81%	Trim
18	EWW	Ishares Msci Mexico ETF	+0.1%	-9.90%	Trim
19	EEM	Ishares Msci Emerging Market	-8.4%	-64.32%	Trim
20	EFA	Ishares Msci Eafe ETF	-9.5%	-64.73%	Trim
21	XOPUSD	Spdr S&p Oil & Gas Exp & Pr	—	EXIT	Sold out
22	DJP	Ipath Bloomberg Commodity In	—	NEW	New buy