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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
+7.8%
1 Year Est. Return
+17.79%
3 Year Est. Return
+74.29%
5 Year Est. Return
+61.44%
10 Year Est. Return
–
AUM
$523M
AUM Growth
-$4.01M
(-0.76%)
Cap. Flow
-$39.9M
Cap. Flow
% of AUM
-7.63%
Top 10 Holdings %
Top 10 Hldgs %
45.69%
Holding
46
New
4
Increased
7
Reduced
23
Closed
4
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Prologis
PLD
|
+$10.5M |
| 2 |
Gildan
GIL
|
+$10.1M |
| 3 |
Walmart Inc
WMT
|
+$9.76M |
| 4 |
SCHW
Charles Schwab
SCHW
|
+$6.71M |
| 5 |
Workday
WDAY
|
+$6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Snowflake
SNOW
|
+$23.3M |
| 2 |
Hilton Worldwide
HLT
|
+$11.8M |
| 3 |
Crown Castle
CCI
|
+$9.01M |
| 4 |
RADI
Radius Global Infrastructure, Inc. Class A Common Stock
RADI
|
+$5.58M |
| 5 |
State Street Consumer Staples Select Sector SPDR ETF
XLP
|
+$5.02M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 39.63% |
| 2 | Real Estate | 26.98% |
| 3 | Consumer Discretionary | 8.97% |
| 4 | Financials | 5.82% |
| 5 | Consumer Staples | 5.36% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
GoDaddy
GDDY
$11.5B
| $9.66M | 1.85% |
128,560
-12,301
| -9% | -$908K |
|
27
Post Holdings
POST
$3.57B
| $9.63M | 1.84% |
111,133
+9,290
| +9% | +$815K |
|
28
SBA Communications
SBAC
$19.5B
| $9.15M | 1.75% |
39,490
+7,640
| +24% | +$1.83M |
|
29
Sun Communities
SUI
$14.7B
| $8.74M | 1.67% |
66,987
-6,759
| -9% | -$904K |
|
30
BellRing Brands
BRBR
$1.34B
| $8.28M | 1.58% |
226,172
| – | – |
|
31
Rexford Industrial Realty
REXR
$8.19B
| $7.98M | 1.52% |
152,770
-15,401
| -9% | -$840K |
|
32
SITE Centers
SITC
$165M
| $7.94M | 1.52% |
770,073
-75,906
| -9% | -$725K |
|
33
Apple Hospitality REIT
APLE
$3.82B
| $7.94M | 1.52% |
525,500
-47,488
| -8% | -$720K |
|
34
VICI Properties
VICI
$29.4B
| $7.63M | 1.46% |
242,834
-23,513
| -9% | -$754K |
|
35
Atlassian
TEAM
$37.8B
| $7.21M | 1.38% |
42,973
-13,004
| -23% | -$2.08M |
|
|
36
Workday
WDAY
$44.4B
| $6.76M | 1.29% |
+29,942
| New | +$6M |
|
37
Healthpeak Properties
DOC
$14.8B
| $6.71M | 1.28% |
333,947
-29,517
| -8% | -$613K |
|
|
38
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.7B
| $6.46M | 1.23% |
87,051
-66,952
| -43% | -$5.02M |
|
39
Liberty Broadband Class C
LBRDK
$5.15B
| $6.12M | 1.17% |
76,368
| – | – |
|
40
Moderna
MRNA
$23.6B
| $5.87M | 1.12% |
48,300
| – | – |
|
41
Cellebrite
CLBT
$3.99B
| $4.68M | 0.89% |
649,554
| – | – |
|
42
Rivian
RIVN
$23.2B
| $2.35M | 0.45% |
140,854
| – | – |
|
|
43
Crown Castle
CCI
$32.2B
| – | – |
-67,344
| Closed | -$9.01M |
|
|
44
Hilton Worldwide
HLT
$71.5B
| – | – |
-83,498
| Closed | -$11.8M |
|
45
RH
RH
$3.71B
| – | – |
-19,605
| Closed | -$4.77M |
|
|
RADI
46
DELISTED
Radius Global Infrastructure, Inc. Class A Common Stock
RADI
| – | – |
-380,240
| Closed | -$5.58M |
|
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Makena Capital Management's Q2 2023 Portfolio in Review
As of Q2 2023, Makena Capital Management held 46 positions worth $523M, down 0.76% from $527M the previous quarter. Its ten largest holdings account for 46% of the portfolio.
Makena Capital Management withdrew a net $39.9M in Q2 2023, closing 4 positions and reducing 23 holdings. Its most notable exit was Hilton Worldwide, an estimated $11.8M position sold in full.
By sector, the portfolio is most concentrated in Technology at 40% of assets, down from 40% a quarter earlier, followed by Real Estate and Consumer Discretionary.
Against the trend, Makena Capital Management opened a new position in Prologis worth $10.4M.
- Makena Capital Management's largest Q2 2023 buy was Prologis: 85,028 shares worth $10.4M.
- Makena Capital Management added most to Charles Schwab in Q2 2023, an estimated $6.71M increase.
- Makena Capital Management's biggest Q2 2023 reduction was Snowflake, cutting an estimated $23.3M.
- Makena Capital Management fully exited Hilton Worldwide in Q2 2023, selling an estimated $11.8M.
- Makena Capital Management's ten largest holdings make up 46% of its $523M portfolio in Q2 2023.
- Makena Capital Management opened 4 new positions and closed 4 in Q2 2023.
- Makena Capital Management's portfolio value fell 0.76% quarter-over-quarter to $523M.
Based on Makena Capital Management's 13F filing for Q2 2023, filed 11 Aug 2023.