MAKENA CAPITAL MANAGEMENT LLC Information

2755 SAND HILL ROAD, MENLO PARK, California, 94025, (650) 926-0510

Report Date: 12/31/2014

Position Statistics

Total Positions 12
New Positions 0
Increased Positions 3
Decreased Positions 4
Positions with Activity 7
Sold Out Positions 1
Total Mkt Value (in $ millions) 183

Institutional Holdings information is filed by major institutions on form 13-F with the Securities and Exchange Commission.

Sector Weighting

Basic Materials
Capital Goods
Conglomerates
Consumer Cyclical
Consumer/Non-Cyclical
Energy
Financial 91.69%
Healthcare
Services 0.07%
Technology
Transportation
Utilities

12 Positions as of 12/31/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
ISHARES TR NA NAT RES 59,675 52,023 679.83 1,485,559
ISHARES TR MSCI EAFE ETF 35,240 31,933 965.59 527,465
VANGUARD INTL EQUITY INDEX FD FTSE EMR MKT ETF 33,521 16,633 98.49 754,467
ISHARES TR CORE S&P500 ETF 22,061 -30,604 (58.11) 104,155
BARCLAYS BK PLC DJUBS CMDT ETN36 9,035 New 311,238
ISHARES TR CORE MSCI EAFE 6,032 -37,735 (86.22) 98,993
ISHARES TR U.S. REAL ES ETF 4,682 New 60,105
ISHARES TR CORE US AGGBD ET 4,656 -61,483 (92.96) 41,725
ISHARES TR MSCI EMG MKT ETF 3,999 New 92,014
ISHARES IBOXX HI YD ETF 3,698 New 40,500
CAFEPRESS INC COM 120 New 30,000
ISHARES MSCI ACWI US ETF -73,092 Sold Out 0