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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
+0.09%
1 Year Est. Return
+17.79%
3 Year Est. Return
+74.29%
5 Year Est. Return
+61.44%
10 Year Est. Return
–
AUM
$532M
AUM Growth
-$67.8M
(-11%)
Cap. Flow
-$55.9M
Cap. Flow
% of AUM
-10.5%
Top 10 Holdings %
Top 10 Hldgs %
46.75%
Holding
55
New
10
Increased
12
Reduced
18
Closed
13
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
UDR
UDR
|
+$11.7M |
| 2 |
Sun Communities
SUI
|
+$11M |
| 3 |
Apple Hospitality REIT
APLE
|
+$9.98M |
| 4 |
Welltower
WELL
|
+$9.81M |
| 5 |
Visa
V
|
+$9.77M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Builders FirstSource
BLDR
|
+$21.2M |
| 2 |
LSI
Life Storage, Inc.
LSI
|
+$11.5M |
| 3 |
ABB
ABB Ltd
ABB
|
+$9.96M |
| 4 |
Mercado Libre
MELI
|
+$9.85M |
| 5 |
Expedia Group
EXPE
|
+$9.35M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 36.7% |
| 2 | Real Estate | 30.74% |
| 3 | Industrials | 9.39% |
| 4 | Communication Services | 6.12% |
| 5 | Consumer Discretionary | 4.66% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
51
Mercado Libre
MELI
$93.4B
| – | – |
-11,899
| Closed | -$9.85M |
|
52
Park Hotels & Resorts
PK
$2.88B
| – | – |
-560,004
| Closed | -$6.31M |
|
53
Sunstone Hotel Investors
SHO
$2.01B
| – | – |
-853,663
| Closed | -$8.04M |
|
|
LSI
54
DELISTED
Life Storage, Inc.
LSI
| – | – |
-103,948
| Closed | -$11.5M |
|
|
ABB
55
DELISTED
ABB Ltd
ABB
| – | – |
-379,826
| Closed | -$9.96M |
|
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Makena Capital Management's Q4 2022 Portfolio in Review
As of Q4 2022, Makena Capital Management held 55 positions worth $532M, down 11% from $600M the previous quarter. Its ten largest holdings account for 47% of the portfolio.
Makena Capital Management withdrew a net $55.9M in Q4 2022, closing 13 positions and reducing 18 holdings. Its most notable exit was Life Storage, Inc., an estimated $11.5M position sold in full.
By sector, the portfolio is most concentrated in Technology at 37% of assets, down from 39% a quarter earlier, followed by Real Estate and Industrials.
Against the trend, Makena Capital Management opened a new position in UDR worth $11.5M.
- Makena Capital Management's largest Q4 2022 buy was UDR: 296,465 shares worth $11.5M.
- Makena Capital Management added most to Amazon in Q4 2022, an estimated $6.21M increase.
- Makena Capital Management's biggest Q4 2022 reduction was Builders FirstSource, cutting an estimated $21.2M.
- Makena Capital Management fully exited Life Storage, Inc. in Q4 2022, selling an estimated $11.5M.
- Makena Capital Management's ten largest holdings make up 47% of its $532M portfolio in Q4 2022.
- Makena Capital Management opened 10 new positions and closed 13 in Q4 2022.
- Makena Capital Management's portfolio value fell 11% quarter-over-quarter to $532M.
Based on Makena Capital Management's 13F filing for Q4 2022, filed 13 Feb 2023.