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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
+5.22%
1 Year Est. Return
+17.79%
3 Year Est. Return
+74.29%
5 Year Est. Return
+61.44%
10 Year Est. Return
–
AUM
$592M
AUM Growth
-$84.8M
Cap. Flow
-$137M
Cap. Flow %
-23.22%
Top 10 Hldgs %
43.45%
Holding
46
New
4
Increased
31
Reduced
6
Closed
3

Top Buys

Rank Stock Value
1
BLDR icon
Builders FirstSource
BLDR
+$48.7M
2
TMUS icon
T-Mobile US
TMUS
+$13.2M
3
ABB
ABB Ltd
ABB
+$12.4M
4
SMAR
Smartsheet Inc.
SMAR
+$12.1M
5
AMZN icon
Amazon
AMZN
+$9.12M

Top Sells

Rank Stock Value
1
SNOW icon
Snowflake
SNOW
+$273M
2
PEGA icon
Pegasystems
PEGA
+$15.9M
3
ZEN
ZENDESK INC
ZEN
+$14.2M
4
HLT icon
Hilton Worldwide
HLT
+$4.13M
5
DDOG icon
Datadog
DDOG
+$3.75M

Sector Composition

Rank Sector Weight
1 Technology 37.12%
2 Real Estate 19.86%
3 Industrials 11.18%
4 Communication Services 10.99%
5 Consumer Discretionary 9.2%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
INVH icon
26
Invitation Homes
INVH
$18B
$10.6M 1.79%
275,862
+168,177
+156% +$6.74M
HLT icon
27
Hilton Worldwide
HLT
$71.5B
$10M 1.69%
75,770
-32,663
-30% -$4.13M
CPT icon
28
Camden Property Trust
CPT
$11.3B
$9.58M 1.62%
64,938
+18,955
+41% +$2.78M
LSI
29
DELISTED
Life Storage, Inc.
LSI
$9.22M 1.56%
80,377
+26,166
+48% +$3.11M
AVB icon
30
AvalonBay Communities
AVB
$26.8B
$9.13M 1.54%
41,187
+14,229
+53% +$3.2M
CARG icon
31
CarGurus
CARG
$3.47B
$8.62M 1.46%
274,376
– –
SCHW
32
Charles Schwab
SCHW
$187B
$8.49M 1.43%
116,580
+15,789
+16% +$1.13M
AMT icon
33
American Tower
AMT
$80.4B
$8.49M 1.43%
31,972
+9,760
+44% +$2.78M
FIS icon
34
Fidelity National Information Services
FIS
$22.1B
$8.44M 1.43%
69,363
-22,624
-25% -$3.03M
KKR icon
35
KKR & Co
KKR
$92.3B
$8.21M 1.39%
134,906
+302
+0.2% +$19K
EQR icon
36
Equity Residential
EQR
$25.1B
$7.51M 1.27%
92,832
+675
+0.7% +$55.7K
BABA icon
37
Alibaba
BABA
$308B
$7.5M 1.27%
50,622
+6,659
+15% +$1.21M
AMH icon
38
American Homes 4 Rent
AMH
$12.5B
$6.74M 1.14%
176,888
+74,607
+73% +$3.05M
DOC icon
39
Healthpeak Properties
DOC
$14.8B
$5.83M 0.99%
174,248
+71,129
+69% +$2.52M
EQIX icon
40
Equinix
EQIX
$103B
$5.72M 0.97%
7,243
+2,170
+43% +$1.8M
KRC icon
41
Kilroy Realty
KRC
$4.42B
$5.5M 0.93%
83,097
+19,185
+30% +$1.29M
SBRA icon
42
Sabra Healthcare REIT
SBRA
$5.37B
$4.71M 0.8%
320,002
+135,935
+74% +$2.3M
SAM icon
43
Boston Beer
SAM
$1.92B
$2.93M 0.5%
+5,750
New +$3.91M
DELL icon
44
Dell
DELL
$293B
– –
-58,421
Closed -$2.95M
PEGA icon
45
Pegasystems
PEGA
$5.38B
– –
-228,228
Closed -$15.9M
ZEN
46
DELISTED
ZENDESK INC
ZEN
– –
-98,385
Closed -$14.2M
1
2

Similar funds

EI
EAM Investors Solana Beach, California $866M AUM 377.14% 1-Year Est. Return
OMG
One Madison Group New York $866M AUM 33.81% 1-Year Est. Return
RWM
RMG Wealth Management Platteville, Wisconsin $866M AUM 11.95% 1-Year Est. Return
HP
Havemeyer Place Greenwich, Connecticut $867M AUM
WFAL
Wedbush Fund Advisers, LLC Pasadena, California $863M AUM
WCM
Wallace Capital Management Dallas, Texas $871M AUM 13.69% 1-Year Est. Return
TSS
Two Sigma Securities New York $861M AUM 21.33% 1-Year Est. Return
F1I
Fund 1 Investments Rincon, Puerto Rico $872M AUM 50.95% 1-Year Est. Return

Makena Capital Management's Q3 2021 Portfolio in Review

As of Q3 2021, Makena Capital Management held 46 positions worth $592M, down 13% from $677M the previous quarter. Its ten largest holdings account for 43% of the portfolio.

Makena Capital Management withdrew a net $137M in Q3 2021, closing 3 positions and reducing 6 holdings. Its most notable exit was Pegasystems, an estimated $15.9M position sold in full.

By sector, the portfolio is most concentrated in Technology at 37% of assets, down from 64% a quarter earlier, followed by Real Estate and Industrials.

Against the trend, Makena Capital Management opened a new position in T-Mobile US worth $12.1M.

  • Makena Capital Management's largest Q3 2021 buy was T-Mobile US: 94,751 shares worth $12.1M.
  • Makena Capital Management added most to Builders FirstSource in Q3 2021, an estimated $48.7M increase.
  • Makena Capital Management's biggest Q3 2021 reduction was Snowflake, cutting an estimated $273M.
  • Makena Capital Management fully exited Pegasystems in Q3 2021, selling an estimated $15.9M.
  • Makena Capital Management's ten largest holdings make up 43% of its $592M portfolio in Q3 2021.
  • Makena Capital Management opened 4 new positions and closed 3 in Q3 2021.
  • Makena Capital Management's portfolio value fell 13% quarter-over-quarter to $592M.

Based on Makena Capital Management's 13F filing for Q3 2021, filed 12 Nov 2021.