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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
+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
VOO icon
1
Vanguard S&P 500 ETF
VOO
$1.03T
$153M 24.9%
+284,856
New +$154M
IEFA icon
2
iShares Core MSCI EAFE ETF
IEFA
$196B
$47.7M 7.73%
+677,930
New +$50M
AMZN icon
3
Amazon
AMZN
$2.96T
$22.2M 3.6%
101,237
+2,920
+3% +$597K
MSFT icon
4
Microsoft
MSFT
$3.71T
$21M 3.41%
49,823
+7,584
+18% +$3.23M
IEMG icon
5
iShares Core MSCI Emerging Markets ETF
IEMG
$156B
$20.6M 3.35%
+395,439
New +$21.9M
GOOGL icon
6
Alphabet (Google) Class A
GOOGL
$4.33T
$20M 3.24%
105,566
+13,732
+15% +$2.4M
GE icon
7
GE Aerospace
GE
$384B
$16.3M 2.65%
97,833
+11,411
+13% +$2.04M
XLV icon
8
State Street Health Care Select Sector SPDR ETF
XLV
$43.3B
$15.1M 2.45%
109,887
+33,076
+43% +$4.84M
SGI
9
Somnigroup International
SGI
$13.7B
$14.8M 2.4%
260,973
+55,768
+27% +$2.98M
V icon
10
Visa
V
$677B
$14.6M 2.38%
46,340
+3,330
+8% +$1M
LLYVK icon
11
Liberty Live Group Series C
LLYVK
$9.46B
$13.6M 2.2%
199,147
– –
GWRE icon
12
Guidewire Software
GWRE
$14.2B
$13.5M 2.18%
79,855
-10,112
-11% -$1.89M
EQIX icon
13
Equinix
EQIX
$103B
$12.8M 2.08%
13,581
-2,975
-18% -$2.74M
MCO icon
14
Moody's
MCO
$82.7B
$12.3M 1.99%
25,954
+3,882
+18% +$1.85M
CPNG icon
15
Coupang
CPNG
$29.2B
$11.2M 1.82%
510,878
+218,870
+75% +$5.37M
SHW icon
16
Sherwin-Williams
SHW
$89.8B
$11.1M 1.8%
32,654
+14,428
+79% +$5.39M
MTZ icon
17
MasTec
MTZ
$21.9B
$10.7M 1.74%
78,707
-8,439
-10% -$1.13M
CRH icon
18
CRH
CRH
$66.8B
$10.3M 1.67%
111,136
+4,654
+4% +$448K
META icon
19
Meta Platforms (Facebook)
META
$1.51T
$9.9M 1.61%
16,916
-6,534
-28% -$3.84M
BRX icon
20
Brixmor Property Group
BRX
$9.32B
$9.86M 1.6%
354,192
-75,677
-18% -$2.15M
USFD icon
21
US Foods
USFD
$24B
$9.4M 1.52%
139,324
+3,573
+3% +$234K
SPGI icon
22
S&P Global
SPGI
$120B
$9.28M 1.51%
18,632
+2,947
+19% +$1.5M
WELL icon
23
Welltower
WELL
$171B
$9.07M 1.47%
71,958
-29,619
-29% -$3.89M
PCOR icon
24
Procore
PCOR
$8.67B
$8.98M 1.46%
119,801
-97,098
-45% -$6.89M
PLD icon
25
Prologis
PLD
$133B
$8.7M 1.41%
82,298
-17,797
-18% -$2.05M
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.