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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
+15.27%
1 Year Est. Return
+17.79%
3 Year Est. Return
+74.29%
5 Year Est. Return
+61.44%
10 Year Est. Return
–
AUM
$442M
AUM Growth
-$25.6M
Cap. Flow
-$79.3M
Cap. Flow %
-17.96%
Top 10 Hldgs %
39.2%
Holding
56
New
16
Increased
6
Reduced
19
Closed
15

Top Buys

Rank Stock Value
1
HUM icon
Humana
HUM
+$18.4M
2
META icon
Meta Platforms (Facebook)
META
+$14.1M
3
USFD icon
US Foods
USFD
+$12.3M
4
CRM icon
Salesforce
CRM
+$11.7M
5
CRH icon
CRH
CRH
+$10.5M

Top Sells

Rank Stock Value
1
CLBT icon
Cellebrite
CLBT
+$24.1M
2
SNOW icon
Snowflake
SNOW
+$23.4M
3
UNH icon
UnitedHealth
UNH
+$17.5M
4
SCHW
Charles Schwab
SCHW
+$14.4M
5
ALIT icon
Alight
ALIT
+$12.6M

Sector Composition

Rank Sector Weight
1 Real Estate 31.39%
2 Technology 22.44%
3 Consumer Discretionary 12.65%
4 Financials 7.01%
5 Communication Services 6.59%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MSFT icon
1
Microsoft
MSFT
$3.71T
$22.3M 5.04%
59,211
-4,461
-7% -$1.59M
AMZN icon
2
Amazon
AMZN
$2.96T
$21.9M 4.97%
144,288
-10,127
-7% -$1.42M
GE icon
3
GE Aerospace
GE
$384B
$19.1M 4.33%
187,768
+38,977
+26% +$3.61M
PCOR icon
4
Procore
PCOR
$8.67B
$17.5M 3.96%
252,517
+44,685
+22% +$2.76M
V icon
5
Visa
V
$677B
$17.1M 3.87%
65,681
-4,426
-6% -$1.09M
HUM icon
6
Humana
HUM
$46.2B
$17.1M 3.87%
+37,317
New +$18.4M
INTU icon
7
Intuit
INTU
$89B
$15.4M 3.5%
24,711
-5,032
-17% -$2.78M
META icon
8
Meta Platforms (Facebook)
META
$1.51T
$15.3M 3.47%
+43,337
New +$14.1M
GOOGL icon
9
Alphabet (Google) Class A
GOOGL
$4.33T
$13.8M 3.12%
97,696
-8,287
-8% -$1.11M
CRM icon
10
Salesforce
CRM
$158B
$13.6M 3.07%
+51,519
New +$11.7M
USFD icon
11
US Foods
USFD
$24B
$13.5M 3.07%
+298,317
New +$12.3M
GIL icon
12
Gildan
GIL
$10.6B
$13.5M 3.05%
407,276
-60,585
-13% -$1.96M
BXP icon
13
Boston Properties
BXP
$11.1B
$13.1M 2.97%
186,649
+67,896
+57% +$4.01M
CRH icon
14
CRH
CRH
$66.8B
$12M 2.72%
+173,457
New +$10.5M
PLD icon
15
Prologis
PLD
$133B
$11.6M 2.63%
86,978
-343
-0.4% -$38.9K
SGI
16
Somnigroup International
SGI
$13.7B
$10.5M 2.38%
205,995
+55,900
+37% +$2.37M
XLP icon
17
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.7B
$10.4M 2.35%
144,250
+2,664
+2% +$185K
FR icon
18
First Industrial Realty Trust
FR
$8.44B
$10.3M 2.34%
196,068
-5,246
-3% -$244K
DDOG icon
19
Datadog
DDOG
$84B
$10.3M 2.33%
84,719
-80,861
-49% -$8.33M
AVB icon
20
AvalonBay Communities
AVB
$26.8B
$10.3M 2.32%
54,805
-1,265
-2% -$221K
TEAM icon
21
Atlassian
TEAM
$37.8B
$10.2M 2.3%
42,781
-11,827
-22% -$2.32M
MELI icon
22
Mercado Libre
MELI
$92.3B
$9.98M 2.26%
6,351
-4,782
-43% -$6.78M
UDR icon
23
UDR
UDR
$12.3B
$9.91M 2.25%
258,896
+6,275
+2% +$218K
GTM
24
ZoomInfo Technologies
GTM
$1.22B
$9.85M 2.23%
+532,873
New +$8.36M
ARE icon
25
Alexandria Real Estate Equities
ARE
$8.56B
$9.22M 2.09%
+72,704
New +$7.83M
1
2 3

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 2023 Portfolio in Review

As of Q4 2023, Makena Capital Management held 56 positions worth $442M, down 5.5% from $467M the previous quarter. Its ten largest holdings account for 39% of the portfolio.

Makena Capital Management withdrew a net $79.3M in Q4 2023, closing 15 positions and reducing 19 holdings. Its most notable exit was Cellebrite, an estimated $24.1M position sold in full.

By sector, the portfolio is most concentrated in Real Estate at 31% of assets, up from 26% a quarter earlier, followed by Technology and Consumer Discretionary.

Against the trend, Makena Capital Management opened a new position in Humana worth $17.1M.

  • Makena Capital Management's largest Q4 2023 buy was Humana: 37,317 shares worth $17.1M.
  • Makena Capital Management added most to Boston Properties in Q4 2023, an estimated $4.01M increase.
  • Makena Capital Management's biggest Q4 2023 reduction was Datadog, cutting an estimated $8.33M.
  • Makena Capital Management fully exited Cellebrite in Q4 2023, selling an estimated $24.1M.
  • Makena Capital Management's ten largest holdings make up 39% of its $442M portfolio in Q4 2023.
  • Makena Capital Management opened 16 new positions and closed 15 in Q4 2023.
  • Makena Capital Management's portfolio value fell 5.5% quarter-over-quarter to $442M.

Based on Makena Capital Management's 13F filing for Q4 2023, filed 12 Feb 2024.