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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
+7.68%
1 Year Est. Return
+17.79%
3 Year Est. Return
+74.29%
5 Year Est. Return
+61.44%
10 Year Est. Return
–
AUM
$527M
AUM Growth
-$4.87M
(-0.91%)
Cap. Flow
-$30M
Cap. Flow
% of AUM
-5.69%
Top 10 Holdings %
Top 10 Hldgs %
46.74%
Holding
46
New
4
Increased
11
Reduced
21
Closed
4
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alight
ALIT
|
+$12.8M |
| 2 |
Mercado Libre
MELI
|
+$10.4M |
| 3 |
GMS
GMS Inc
GMS
|
+$6.94M |
| 4 |
Visa
V
|
+$6.31M |
| 5 |
RH
RH
|
+$5.69M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Builders FirstSource
BLDR
|
+$38.7M |
| 2 |
Dynatrace
DT
|
+$10.3M |
| 3 |
T-Mobile US
TMUS
|
+$8.53M |
| 4 |
Meta Platforms (Facebook)
META
|
+$5.94M |
| 5 |
Snowflake
SNOW
|
+$4.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 39.8% |
| 2 | Real Estate | 29.12% |
| 3 | Consumer Discretionary | 9.43% |
| 4 | Financials | 4.67% |
| 5 | Healthcare | 4.29% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Wabtec
WAB
$49.3B
| $9.14M | 1.73% |
90,449
-22,602
| -20% | -$2.31M |
|
27
Crown Castle
CCI
$32.2B
| $9.01M | 1.71% |
67,344
-5,442
| -7% | -$752K |
|
28
Apple Hospitality REIT
APLE
$3.82B
| $8.89M | 1.69% |
572,988
-45,418
| -7% | -$743K |
|
29
VICI Properties
VICI
$29.4B
| $8.69M | 1.65% |
266,347
-19,042
| -7% | -$630K |
|
30
SBA Communications
SBAC
$19.5B
| $8.32M | 1.58% |
31,850
-3,017
| -9% | -$830K |
|
31
SITE Centers
SITC
$165M
| $8.11M | 1.54% |
845,979
-80,121
| -9% | -$813K |
|
32
Healthpeak Properties
DOC
$14.8B
| $7.99M | 1.51% |
363,464
-29,611
| -8% | -$734K |
|
33
Uber
UBER
$153B
| $7.98M | 1.51% |
251,864
-93,911
| -27% | -$2.98M |
|
34
BellRing Brands
BRBR
$1.34B
| $7.69M | 1.46% |
226,172
| – | – |
|
35
Moderna
MRNA
$23.6B
| $7.42M | 1.41% |
48,300
| – | – |
|
|
SCHW
36
Charles Schwab
SCHW
$187B
| $7.34M | 1.39% |
140,054
+440
| +0.3% | +$32.2K |
|
|
GMS
37
DELISTED
GMS Inc
GMS
| $7.09M | 1.34% |
+122,446
| New | +$6.94M |
|
38
Liberty Broadband Class C
LBRDK
$5.15B
| $6.24M | 1.18% |
76,368
| – | – |
|
|
RADI
39
DELISTED
Radius Global Infrastructure, Inc. Class A Common Stock
RADI
| $5.58M | 1.06% |
380,240
-36,013
| -9% | -$488K |
|
|
40
RH
RH
$3.71B
| $4.77M | 0.91% |
+19,605
| New | +$5.69M |
|
41
Cellebrite
CLBT
$3.99B
| $3.96M | 0.75% |
649,554
| – | – |
|
42
Rivian
RIVN
$23.2B
| $2.18M | 0.41% |
140,854
| – | – |
|
|
43
Builders FirstSource
BLDR
$8.04B
| – | – |
-596,362
| Closed | -$38.7M |
|
|
44
Dynatrace
DT
$14.2B
| – | – |
-268,956
| Closed | -$10.3M |
|
|
45
Meta Platforms (Facebook)
META
$1.51T
| – | – |
-49,349
| Closed | -$5.94M |
|
|
46
T-Mobile US
TMUS
$190B
| – | – |
-60,959
| Closed | -$8.53M |
|
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Makena Capital Management's Q1 2023 Portfolio in Review
As of Q1 2023, Makena Capital Management held 46 positions worth $527M, down 0.91% from $532M the previous quarter. Its ten largest holdings account for 47% of the portfolio.
Makena Capital Management withdrew a net $30M in Q1 2023, closing 4 positions and reducing 21 holdings. Its most notable exit was Builders FirstSource, an estimated $38.7M position sold in full.
By sector, the portfolio is most concentrated in Technology at 40% of assets, up from 37% a quarter earlier, followed by Real Estate and Consumer Discretionary.
Against the trend, Makena Capital Management opened a new position in Alight worth $12.9M.
- Makena Capital Management's largest Q1 2023 buy was Alight: 69,960 shares worth $12.9M.
- Makena Capital Management added most to Visa in Q1 2023, an estimated $6.31M increase.
- Makena Capital Management's biggest Q1 2023 reduction was Snowflake, cutting an estimated $4.4M.
- Makena Capital Management fully exited Builders FirstSource in Q1 2023, selling an estimated $38.7M.
- Makena Capital Management's ten largest holdings make up 47% of its $527M portfolio in Q1 2023.
- Makena Capital Management opened 4 new positions and closed 4 in Q1 2023.
- Makena Capital Management's portfolio value fell 0.91% quarter-over-quarter to $527M.
Based on Makena Capital Management's 13F filing for Q1 2023, filed 15 May 2023.