Instuitional Investor - Makena Capital Management Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Vanguard Index Fds - S&P 500 ETF SHS		509,758	$312,165,604	32.23%
2.	Ishares Trust	VLUE	1,167,110	$101,865,361	10.52%
3.	Ishares Inc - CORE MSCI EMKT		723,846	$47,715,928	4.93%
4.	Microsoft Corp	MSFT	74,517	$38,596,080	3.99%
5.	Amazon Com Inc	AMZN	173,410	$38,075,634	3.93%