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MCM
Makena Capital Management Portfolio holdings
AUM
$866M
1-Year Est. Return
17.79%
This Fund
S&P 500
This Quarter
Est. Return
-6.57%
1 Year Est. Return
+17.79%
3 Year Est. Return
+74.29%
5 Year Est. Return
+61.44%
10 Year Est. Return
–
AUM
$631M
AUM Growth
+$451M
(+250%)
Cap. Flow
+$494M
Cap. Flow
% of AUM
78.38%
Top 10 Holdings %
Top 10 Hldgs %
63.68%
Holding
60
New
11
Increased
28
Reduced
3
Closed
18
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Snowflake
SNOW
|
+$331M |
| 2 |
Palo Alto Networks
PANW
|
+$13.5M |
| 3 |
State Street Consumer Staples Select Sector SPDR ETF
XLP
|
+$12.8M |
| 4 |
Builders FirstSource
BLDR
|
+$11.8M |
| 5 |
Dynatrace
DT
|
+$11.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI ACWI ETF
ACWI
|
+$8.53M |
| 2 |
Varonis Systems
VRNS
|
+$6.42M |
| 3 |
Mid-America Apartment Communities
MAA
|
+$4.43M |
| 4 |
BPMC
Blueprint Medicines
BPMC
|
+$4.37M |
| 5 |
LPRO
Open Lending Corp
LPRO
|
+$4.21M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 66.32% |
| 2 | Real Estate | 9.96% |
| 3 | Consumer Discretionary | 7.34% |
| 4 | Communication Services | 6.01% |
| 5 | Industrials | 2.03% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
KKR & Co
KKR
$92.3B
| $6.54M | 1.04% |
133,801
+112,737
| +535% | +$5.04M |
|
|
SCHW
27
Charles Schwab
SCHW
$187B
| $5.99M | 0.95% |
91,953
-8,423
| -8% | -$511K |
|
28
CarGurus
CARG
$3.47B
| $5.99M | 0.95% |
+251,214
| New | +$7.28M |
|
29
First Industrial Realty Trust
FR
$8.44B
| $5.97M | 0.95% |
130,393
+56,795
| +77% | +$2.45M |
|
30
Amazon
AMZN
$2.96T
| $5.91M | 0.94% |
38,220
+10,540
| +38% | +$1.67M |
|
31
American Tower
AMT
$80.4B
| $5.28M | 0.84% |
22,104
+15,028
| +212% | +$3.35M |
|
32
Camden Property Trust
CPT
$11.3B
| $5.02M | 0.8% |
+45,659
| New | +$4.75M |
|
33
AvalonBay Communities
AVB
$26.8B
| $4.93M | 0.78% |
+26,734
| New | +$4.67M |
|
|
LSI
34
DELISTED
Life Storage, Inc.
LSI
| $4.62M | 0.73% |
+53,792
| New | +$4.47M |
|
35
Kilroy Realty
KRC
$4.42B
| $4.16M | 0.66% |
63,437
-610
| -1% | -$37.7K |
|
36
Equinix
EQIX
$103B
| $3.44M | 0.54% |
+5,056
| New | +$3.47M |
|
37
Invitation Homes
INVH
$18B
| $3.43M | 0.54% |
107,184
+24,935
| +30% | +$748K |
|
38
American Homes 4 Rent
AMH
$12.5B
| $3.4M | 0.54% |
101,984
+21,700
| +27% | +$676K |
|
39
Healthpeak Properties
DOC
$14.8B
| $3.24M | 0.51% |
102,204
-24,696
| -19% | -$750K |
|
40
Sabra Healthcare REIT
SBRA
$5.37B
| $3.14M | 0.5% |
+181,023
| New | +$3.18M |
|
41
MGM Resorts International
MGM
$11.2B
| $3.14M | 0.5% |
+82,618
| New | +$2.88M |
|
42
Host Hotels & Resorts
HST
$16B
| $3.13M | 0.5% |
185,693
+20,054
| +12% | +$313K |
|
43
Arch Capital
ACGL
$33.6B
| – | – |
-108,397
| Closed | -$3.91M |
|
|
44
iShares MSCI ACWI ETF
ACWI
$33.4B
| – | – |
-93,971
| Closed | -$8.53M |
|
45
Alexandria Real Estate Equities
ARE
$8.56B
| – | – |
-11,201
| Closed | -$2M |
|
|
BPMC
46
DELISTED
Blueprint Medicines
BPMC
| – | – |
-38,924
| Closed | -$4.37M |
|
47
Salesforce
CRM
$158B
| – | – |
-17,603
| Closed | -$3.92M |
|
48
Digital Realty Trust
DLR
$71.7B
| – | – |
-12,132
| Closed | -$1.69M |
|
49
JD.com
JD
$44.5B
| – | – |
-14,210
| Closed | -$1.25M |
|
50
Liberty Broadband Class C
LBRDK
$5.15B
| – | – |
-26,188
| Closed | -$4.15M |
|
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Makena Capital Management's Q1 2021 Portfolio in Review
As of Q1 2021, Makena Capital Management held 60 positions worth $631M, up 250% from $180M the previous quarter. Its ten largest holdings account for 64% of the portfolio.
Makena Capital Management deployed $494M of net new capital in Q1 2021, opening 11 new positions and adding to 28 existing holdings. Its largest new stake was Snowflake: 1,241,714 shares worth $285M.
By sector, the portfolio is most concentrated in Technology at 66% of assets, up from 28% a quarter earlier, followed by Real Estate and Consumer Discretionary.
On the sell side, the largest reduction was Healthpeak Properties, an estimated $750K trimmed.
- Makena Capital Management's largest Q1 2021 buy was Snowflake: 1,241,714 shares worth $285M.
- Makena Capital Management added most to State Street Consumer Staples Select Sector SPDR ETF in Q1 2021, an estimated $12.8M increase.
- Makena Capital Management's biggest Q1 2021 reduction was Healthpeak Properties, cutting an estimated $750K.
- Makena Capital Management fully exited iShares MSCI ACWI ETF in Q1 2021, selling an estimated $8.53M.
- Makena Capital Management's ten largest holdings make up 64% of its $631M portfolio in Q1 2021.
- Makena Capital Management opened 11 new positions and closed 18 in Q1 2021.
- Makena Capital Management's portfolio value rose 250% quarter-over-quarter to $631M.
Based on Makena Capital Management's 13F filing for Q1 2021, filed 12 May 2021.