Kuleana Capital Management LLC

Kuleana Capital Management LLC provides discretionary investment management, financial planning, and ad-hoc consulting to a small client base that includes individual and high‑net‑worth investors, institutional clients, and a pooled investment vehicle. The firm manages roughly $82.6 million across about 28 client relationships and generally focuses on portfolios of equities, exchange‑traded funds and options.

The firm’s investment process emphasizes value‑added, channel‑check research and behavioral analysis and typically produces a concentrated, low‑turnover long/short portfolio (about 10–15 long and 10–15 short positions) concentrated in information technology and business services, generally in US‑listed names above $400 million market capitalization. Kuleana takes a long‑term orientation for long positions while also using shorter‑term short positions, options strategies, and the selective use of margin or leverage in client accounts as part of its risk and return framework.

Distinctive features include serving as investment manager to a private pooled fund structured to acquire the common shares of a specific target company, and charging performance‑based profit allocations (including a 20% allocation subject to a high‑water mark and specified billing procedures) for qualified clients and the Fund. The firm also discloses side‑by‑side management issues — including that a material client associated with its primary custodian pays performance‑based fees — and uses the custodian’s automatic billing and account linkage for fee collection, which the brochure identifies as a potential conflict of interest that the firm monitors.