We are live on ! Find out more
MCM

Makena Capital Management Portfolio holdings

AUM $866M
1-Year Est. Return 17.79%
This Fund
S&P 500
This Quarter Est. Return
+1.33%
1 Year Est. Return
+17.79%
3 Year Est. Return
+74.29%
5 Year Est. Return
+61.44%
10 Year Est. Return
–
AUM
$616M
AUM Growth
+$200M
Cap. Flow
+$202M
Cap. Flow %
32.74%
Top 10 Hldgs %
56.1%
Holding
46
New
7
Increased
14
Reduced
18
Closed
5

Top Buys

Rank Stock Value
1
VOO icon
Vanguard S&P 500 ETF
VOO
+$154M
2
IEFA icon
iShares Core MSCI EAFE ETF
IEFA
+$50M
3
IEMG icon
iShares Core MSCI Emerging Markets ETF
IEMG
+$21.9M
4
SHO icon
Sunstone Hotel Investors
SHO
+$7.12M
5
TEAM icon
Atlassian
TEAM
+$7.04M

Top Sells

Rank Stock Value
1
EGP icon
EastGroup Properties
EGP
+$9.19M
2
INVH icon
Invitation Homes
INVH
+$8.84M
3
MELI icon
Mercado Libre
MELI
+$8.43M
4
TOST icon
Toast
TOST
+$7.77M
5
PCOR icon
Procore
PCOR
+$6.89M

Sector Composition

Rank Sector Weight
1 Real Estate 20.06%
2 Consumer Discretionary 9.07%
3 Technology 8.45%
4 Communication Services 7.05%
5 Financials 5.87%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
DLR icon
26
Digital Realty Trust
DLR
$71.7B
$8.58M 1.39%
48,385
-6,028
-11% -$1.07M
IRT icon
27
Independence Realty Trust
IRT
$4.07B
$8.52M 1.38%
429,633
-92,687
-18% -$1.89M
CPT icon
28
Camden Property Trust
CPT
$11.3B
$8.34M 1.35%
71,909
-15,469
-18% -$1.85M
EQR icon
29
Equity Residential
EQR
$25.1B
$8.28M 1.34%
115,389
-24,749
-18% -$1.82M
IVT icon
30
InvenTrust Properties
IVT
$2.59B
$7.99M 1.3%
265,212
-70,416
-21% -$2.12M
SHO icon
31
Sunstone Hotel Investors
SHO
$2.06B
$7.73M 1.25%
+653,260
New +$7.12M
GIL icon
32
Gildan
GIL
$10.6B
$7.71M 1.25%
163,841
-43,792
-21% -$2.11M
TEAM icon
33
Atlassian
TEAM
$37.8B
$7.48M 1.21%
+30,729
New +$7.04M
VTR icon
34
Ventas
VTR
$47.9B
$7.28M 1.18%
123,542
-13,904
-10% -$874K
AMH icon
35
American Homes 4 Rent
AMH
$12.5B
$7.04M 1.14%
188,057
-57,324
-23% -$2.15M
AMT icon
36
American Tower
AMT
$80.4B
$6.83M 1.11%
37,222
-1,583
-4% -$328K
HST icon
37
Host Hotels & Resorts
HST
$16B
$6.7M 1.09%
+382,565
New +$6.87M
XLP icon
38
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.7B
$6.12M 0.99%
77,862
+13,002
+20% +$1.06M
COLD icon
39
Americold
COLD
$4.27B
$5.94M 0.96%
277,747
-43,179
-13% -$1.04M
SNDA icon
40
Sonida Senior Living
SNDA
$1.91B
$4.27M 0.69%
185,000
– –
RBRK icon
41
Rubrik
RBRK
$18.5B
$1.19M 0.19%
+18,253
New +$902K
EGP icon
42
EastGroup Properties
EGP
$10.9B
– –
-49,200
Closed -$9.19M
INVH icon
43
Invitation Homes
INVH
$18B
– –
-250,614
Closed -$8.84M
MELI icon
44
Mercado Libre
MELI
$92.3B
– –
-4,107
Closed -$8.43M
PM icon
45
Philip Morris
PM
$295B
– –
-42,422
Closed -$5.15M
TOST icon
46
Toast
TOST
$19.9B
– –
-274,392
Closed -$7.77M
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 Q4 2024 Portfolio in Review

As of Q4 2024, Makena Capital Management held 46 positions worth $616M, up 48% from $416M the previous quarter. Its ten largest holdings account for 56% of the portfolio.

Makena Capital Management deployed $202M of net new capital in Q4 2024, opening 7 new positions and adding to 14 existing holdings. Its largest new stake was Vanguard S&P 500 ETF: 284,856 shares worth $153M.

By sector, the portfolio is most concentrated in Real Estate at 20% of assets, down from 38% a quarter earlier, followed by Consumer Discretionary and Technology.

On the sell side, the largest reduction was Procore, an estimated $6.89M trimmed.

  • Makena Capital Management's largest Q4 2024 buy was Vanguard S&P 500 ETF: 284,856 shares worth $153M.
  • Makena Capital Management added most to Sherwin-Williams in Q4 2024, an estimated $5.39M increase.
  • Makena Capital Management's biggest Q4 2024 reduction was Procore, cutting an estimated $6.89M.
  • Makena Capital Management fully exited EastGroup Properties in Q4 2024, selling an estimated $9.19M.
  • Makena Capital Management's ten largest holdings make up 56% of its $616M portfolio in Q4 2024.
  • Makena Capital Management opened 7 new positions and closed 5 in Q4 2024.
  • Makena Capital Management's portfolio value rose 48% quarter-over-quarter to $616M.

Based on Makena Capital Management's 13F filing for Q4 2024, filed 12 Feb 2025.