Makena Capital Management LLC Top Holdings and 13F Report (2024)

About Makena Capital Management LLC

Investment Activity

Makena Capital Management LLC has $431.58 million in total holdings as of June 30, 2024.
Makena Capital Management LLC owns shares of 38 different stocks, but just 27 companies or ETFs make up 80% of its holdings.
Approximately 34.33% of the portfolio was purchased this quarter.
About 32.85% of the portfolio was sold this quarter.
This quarter, Makena Capital Management LLC has purchased 39 new stocks and bought additional shares in 17 stocks.
Makena Capital Management LLC sold shares of 7 stocks and completely divested from 14 stocks this quarter.

Largest Holdings

Amazon.com: $23,124,488
Microsoft: $21,641,319
General Electric: $18,440,202
Procore Technologies: $17,585,014
Alphabet: $16,670,368

Largest New Holdings this Quarter

Health Care Select Sector SPDR Fund: $13,715,221 Holding
Equinix: $12,881,872 Holding
Independence Realty Trust: $10,038,962 Holding
Equity Residential: $9,944,743 Holding
Camden Property Trust: $9,764,690 Holding

Largest Purchases this Quarter

Health Care Select Sector SPDR Fund: 94,101 shares (about $13.72M)
Equinix: 17,026 shares (about $12.88M)
Independence Realty Trust: 535,697 shares (about $10.04M)
Equity Residential: 143,420 shares (about $9.94M)
Camden Property Trust: 89,494 shares (about $9.76M)

Largest Sales this Quarter

Planet Fitness: 113,902 shares (about $8.38M)
Intuit: 8,656 shares (about $5.69M)
Microsoft: 3,643 shares (about $1.63M)
MercadoLibre: 801 shares (about $1.32M)
Amazon.com: 3,353 shares (about $647.97K)

Sector Allocation Over Time

Selling

Neutral

Buying

Latest 13F Holdings and Changes Since Previous Quarterly Filing

Issuer Name	Holdings Value	Approximate Purchase/Sale	Change in Shares	Shares Held	% of Portfolio	Sector
AMZN Amazon.com	$23,124,488	$647,967 ▼	-2.7%	119,661	5.4%	Retail/Wholesale
MSFT Microsoft	$21,641,319	$1,628,239 ▼	-7.0%	48,420	5.0%	Computer and Technology
GE General Electric	$18,440,202	$1,327,241 ▲	7.8%	115,998	4.3%	Transportation
PCOR Procore Technologies	$17,585,014	$3,807,653 ▲	27.6%	265,194	4.1%	Business Services
GOOGL Alphabet	$16,670,368	$4,006,754 ▲	31.6%	91,520	3.9%	Computer and Technology
V Visa	$16,148,467	$267,719 ▲	1.7%	61,525	3.7%	Business Services
META Meta Platforms	$15,059,539	$210,764 ▼	-1.4%	29,867	3.5%	Computer and Technology
CRM Salesforce	$14,424,853	$3,052,805 ▲	26.8%	56,106	3.3%	Computer and Technology
XLV Health Care Select Sector SPDR Fund	$13,715,221	$13,715,221 ▲	New Holding	94,101	3.2%	ETF
GIL Gildan Activewear	$13,489,888	$238,706 ▼	-1.7%	355,746	3.1%	Consumer Discretionary
USFD US Foods	$13,273,450		0.0%	250,537	3.1%	Consumer Staples
EQIX Equinix	$12,881,872	$12,881,872 ▲	New Holding	17,026	3.0%	Finance
PLD Prologis	$11,496,389	$1,664,210 ▲	16.9%	102,363	2.7%	Finance
CRH PLC	$11,127,482	$879,665 ▲	8.6%	148,406	2.6%	ORD
WELL Welltower	$10,886,515	$1,212,740 ▲	12.5%	104,427	2.5%	Finance
BRX Brixmor Property Group	$10,144,730	$3,038,275 ▲	42.8%	439,356	2.4%	Finance
XLP Consumer Staples Select Sector SPDR Fund	$10,128,471	$75,661 ▲	0.8%	132,260	2.3%	ETF
INTU Intuit	$10,118,405	$5,688,810 ▼	-36.0%	15,396	2.3%	Computer and Technology
ZI ZoomInfo Technologies	$10,056,515	$1,698,410 ▲	20.3%	787,511	2.3%	Computer and Technology
IRT Independence Realty Trust	$10,038,962	$10,038,962 ▲	New Holding	535,697	2.3%	Finance
EQR Equity Residential	$9,944,743	$9,944,743 ▲	New Holding	143,420	2.3%	Finance
CPT Camden Property Trust	$9,764,690	$9,764,690 ▲	New Holding	89,494	2.3%	Finance
MELI MercadoLibre	$9,535,007	$1,316,363 ▼	-12.1%	5,802	2.2%	Retail/Wholesale
AMH American Homes 4 Rent	$9,363,837	$2,163,195 ▲	30.0%	251,987	2.2%	Finance
TPX Tempur Sealy International	$9,262,118	$691,495 ▲	8.1%	195,651	2.1%	Retail/Wholesale
INVH Invitation Homes	$9,224,484	$1,681,159 ▲	22.3%	257,021	2.1%	Finance
MCO Moody's	$8,749,030	$1,225,327 ▲	16.3%	20,785	2.0%	Finance
SPGI S&P Global	$8,701,460	$1,741,184 ▲	25.0%	19,510	2.0%	Business Services
EGP EastGroup Properties	$8,589,370	$8,589,370 ▲	New Holding	50,496	2.0%	Finance
DLR Digital Realty Trust	$8,549,011	$8,549,011 ▲	New Holding	56,225	2.0%	Finance
IVT InvenTrust Properties	$8,493,621	$1,889,584 ▲	28.6%	343,038	2.0%	Finance
COLD Americold Realty Trust	$8,405,546	$8,405,546 ▲	New Holding	329,113	1.9%	Finance
AMT American Tower	$7,797,359	$7,797,359 ▲	New Holding	40,114	1.8%	Finance
GWRE Guidewire Software	$7,659,100	$7,659,100 ▲	New Holding	55,545	1.8%	Computer and Technology
VTR Ventas	$7,219,510	$7,219,510 ▲	New Holding	140,841	1.7%	Finance
PLNT Planet Fitness	$6,702,945	$8,382,048 ▼	-55.6%	91,085	1.6%	Consumer Discretionary
MTZ MasTec	$6,592,082	$6,592,082 ▲	New Holding	61,614	1.5%	Construction
TOST Toast	$6,571,891	$6,571,891 ▲	New Holding	255,021	1.5%	Computer and Technology
BXP Boston Properties	$0	$12,365,404 ▼	-100.0%	0	0.0%	Finance
TEAM Atlassian	$0	$10,411,143 ▼	-100.0%	0	0.0%	Computer and Technology
FR First Industrial Realty Trust	$0	$10,364,776 ▼	-100.0%	0	0.0%	Finance
AVB AvalonBay Communities	$0	$10,264,623 ▼	-100.0%	0	0.0%	Finance
HUM Humana	$0	$10,163,750 ▼	-100.0%	0	0.0%	Medical
UDR UDR	$0	$9,798,240 ▼	-100.0%	0	0.0%	Finance
ARE Alexandria Real Estate Equities	$0	$9,465,990 ▼	-100.0%	0	0.0%	Finance
TRNO Terreno Realty	$0	$7,999,474 ▼	-100.0%	0	0.0%	Finance
PSA Public Storage	$0	$7,495,440 ▼	-100.0%	0	0.0%	Finance
EXR Extra Space Storage	$0	$7,419,384 ▼	-100.0%	0	0.0%	Finance
MAA Mid-America Apartment Communities	$0	$7,139,662 ▼	-100.0%	0	0.0%	Finance
HUBS HubSpot	$0	$7,033,763 ▼	-100.0%	0	0.0%	Computer and Technology
GMS GMS	$0	$7,022,692 ▼	-100.0%	0	0.0%	Retail/Wholesale
REXR Rexford Industrial Realty	$0	$6,721,136 ▼	-100.0%	0	0.0%	Finance