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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
-16.45%
1 Year Est. Return
+17.79%
3 Year Est. Return
+74.29%
5 Year Est. Return
+61.44%
10 Year Est. Return
–
AUM
$824M
AUM Growth
-$60.2M
(-6.8%)
Cap. Flow
+$93.6M
Cap. Flow
% of AUM
11.36%
Top 10 Holdings %
Top 10 Hldgs %
46.96%
Holding
52
New
5
Increased
28
Reduced
10
Closed
8
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Snowflake
SNOW
|
+$22.3M |
| 2 |
Intuit
INTU
|
+$20.6M |
| 3 |
Liberty Broadband Class C
LBRDK
|
+$18.7M |
| 4 |
Applovin
APP
|
+$18.1M |
| 5 |
Moderna
MRNA
|
+$10.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Charter Communications
CHTR
|
+$20.3M |
| 2 |
T-Mobile US
TMUS
|
+$14.9M |
| 3 |
Palo Alto Networks
PANW
|
+$12.6M |
| 4 |
Builders FirstSource
BLDR
|
+$10.3M |
| 5 |
Ericsson
ERIC
|
+$7.97M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 41.95% |
| 2 | Real Estate | 23.77% |
| 3 | Communication Services | 8.78% |
| 4 | Consumer Discretionary | 8.24% |
| 5 | Industrials | 7.66% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Snowflake
SNOW
$115B
| $159M | 19.34% |
695,651
+86,330
| +14% | +$22.3M |
|
|
2
Builders FirstSource
BLDR
$8.04B
| $63.2M | 7.66% |
978,528
-142,243
| -13% | -$10.3M |
|
3
Alphabet (Google) Class A
GOOGL
$4.33T
| $22.1M | 2.68% |
158,780
+360
| +0.2% | +$48.9K |
|
4
GoDaddy
GDDY
$11.5B
| $21.4M | 2.59% |
255,498
-25,959
| -9% | -$2.05M |
|
5
Microsoft
MSFT
$3.71T
| $21.1M | 2.56% |
68,308
+6,026
| +10% | +$1.81M |
|
6
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.7B
| $20.7M | 2.52% |
273,330
-6,625
| -2% | -$499K |
|
7
Amazon
AMZN
$2.96T
| $20.2M | 2.46% |
124,180
+6,940
| +6% | +$1.07M |
|
8
First Industrial Realty Trust
FR
$8.44B
| $19.9M | 2.42% |
321,955
+100,066
| +45% | +$5.99M |
|
9
UnitedHealth
UNH
$370B
| $19.6M | 2.38% |
38,522
-4,213
| -10% | -$2.03M |
|
|
10
Intuit
INTU
$89B
| $19.4M | 2.35% |
+40,274
| New | +$20.6M |
|
11
Equity Lifestyle Properties
ELS
$12.6B
| $18.8M | 2.28% |
245,929
+90,630
| +58% | +$7M |
|
12
Datadog
DDOG
$84B
| $18.3M | 2.22% |
120,691
+27,573
| +30% | +$4.03M |
|
13
Uber
UBER
$153B
| $18.1M | 2.19% |
506,116
+42,766
| +9% | +$1.54M |
|
|
MGP
14
DELISTED
MGM Growth Properties LLC Class A common shares representing limited liability company interests
MGP
| $17.9M | 2.17% |
462,913
+171,934
| +59% | +$6.55M |
|
|
15
Liberty Broadband Class C
LBRDK
$5.15B
| $17.4M | 2.11% |
+128,467
| New | +$18.7M |
|
16
Meta Platforms (Facebook)
META
$1.51T
| $17.2M | 2.09% |
77,498
+9,187
| +13% | +$2.3M |
|
17
Invitation Homes
INVH
$18B
| $16.9M | 2.05% |
419,930
+142,927
| +52% | +$5.85M |
|
18
Dynatrace
DT
$14.2B
| $16.4M | 1.99% |
348,664
+29,175
| +9% | +$1.37M |
|
19
Twilio
TWLO
$36.6B
| $16.1M | 1.95% |
97,457
+12,812
| +15% | +$2.33M |
|
|
20
Applovin
APP
$116B
| $15.7M | 1.9% |
+284,815
| New | +$18.1M |
|
|
LSI
21
DELISTED
Life Storage, Inc.
LSI
| $15M | 1.82% |
106,781
+25,869
| +32% | +$3.48M |
|
22
Camden Property Trust
CPT
$11.3B
| $14.9M | 1.81% |
89,854
+37,273
| +71% | +$6.15M |
|
23
AvalonBay Communities
AVB
$26.8B
| $14.9M | 1.81% |
59,984
+18,514
| +45% | +$4.52M |
|
24
Expedia Group
EXPE
$37.3B
| $14.7M | 1.79% |
75,350
-8,341
| -10% | -$1.56M |
|
25
American Tower
AMT
$80.4B
| $14.2M | 1.72% |
56,466
+24,339
| +76% | +$5.94M |
|
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Makena Capital Management's Q1 2022 Portfolio in Review
As of Q1 2022, Makena Capital Management held 52 positions worth $824M, down 6.8% from $884M the previous quarter. Its ten largest holdings account for 47% of the portfolio.
Makena Capital Management deployed $93.6M of net new capital in Q1 2022, opening 5 new positions and adding to 28 existing holdings. Its largest new stake was Intuit: 40,274 shares worth $19.4M.
By sector, the portfolio is most concentrated in Technology at 42% of assets, down from 47% a quarter earlier, followed by Real Estate and Communication Services.
On the sell side, the largest reduction was Builders FirstSource, an estimated $10.3M trimmed.
- Makena Capital Management's largest Q1 2022 buy was Intuit: 40,274 shares worth $19.4M.
- Makena Capital Management added most to Snowflake in Q1 2022, an estimated $22.3M increase.
- Makena Capital Management's biggest Q1 2022 reduction was Builders FirstSource, cutting an estimated $10.3M.
- Makena Capital Management fully exited Charter Communications in Q1 2022, selling an estimated $20.3M.
- Makena Capital Management's ten largest holdings make up 47% of its $824M portfolio in Q1 2022.
- Makena Capital Management opened 5 new positions and closed 8 in Q1 2022.
- Makena Capital Management's portfolio value fell 6.8% quarter-over-quarter to $824M.
Based on Makena Capital Management's 13F filing for Q1 2022, filed 12 May 2022.