Lee Ainslie Maverick Capital
Lee Ainslie is the founder of Maverick Capital, a long/short equity firm that emerged from the Tiger Management network of investors. Maverick is known for fundamental research, sector specialization among teams, and a classic hedge fund long/short structure. Ainslie’s firm remains a reference name among so-called Tiger Cub managers.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Visa
V
|
+$121M |
| 2 |
Workday
WDAY
|
+$100M |
| 3 |
Lam Research
LRCX
|
+$60M |
| 4 |
Rocket Pharmaceuticals
RCKT
|
+$54.1M |
| 5 |
Sea Limited
SE
|
+$52.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Coupang
CPNG
|
+$201M |
| 2 |
Alibaba
BABA
|
+$102M |
| 3 |
Meta Platforms (Facebook)
META
|
+$56.4M |
| 4 |
Alnylam Pharmaceuticals
ALNY
|
+$54.2M |
| 5 |
Aon
AON
|
+$51.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 40.52% |
| 2 | Healthcare | 15.55% |
| 3 | Technology | 14.19% |
| 4 | Communication Services | 7.61% |
| 5 | Financials | 5.93% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
Tractor Supply
TSCO
$18.2B
| $1.36M | 0.01% |
33,615
-14,925
| -31% | -$579K |
|
227
Norfolk Southern
NSC
$78.8B
| $1.36M | 0.01% |
5,666
-2,149
| -27% | -$551K |
|
228
Triumph Financial Inc
TFIN
$1.79B
| $1.35M | 0.01% |
13,463
-433
| -3% | -$34.7K |
|
229
AstraZeneca
AZN
$257B
| $1.34M | 0.01% |
11,185
-885
| -7% | -$103K |
|
230
Paycom
PAYC
$10.3B
| $1.34M | 0.01% |
+2,709
| New | +$1.21M |
|
231
Guardant Health
GH
$22.9B
| $1.34M | 0.01% |
10,727
+9,939
| +1,261% | +$1.18M |
|
232
Cigna
CI
$73.3B
| $1.34M | 0.01% |
6,685
-2,939
| -31% | -$639K |
|
233
U-Haul Holding Co
UHAL
$13.9B
| $1.33M | 0.01% |
20,670
+16,620
| +410% | +$1.04M |
|
234
Textron
TXT
$14.3B
| $1.32M | 0.01% |
+18,909
| New | +$1.33M |
|
235
Jazz Pharmaceuticals
JAZZ
$16.5B
| $1.32M | 0.01% |
10,120
-15,738
| -61% | -$2.38M |
|
236
Cintas
CTAS
$81.6B
| $1.3M | 0.01% |
+13,680
| New | +$1.34M |
|
|
PARA
237
DELISTED
Paramount Global Class B
PARA
| $1.3M | 0.01% |
+32,851
| New | +$1.34M |
|
238
Vail Resorts
MTN
$5.45B
| $1.28M | 0.01% |
+3,844
| New | +$1.19M |
|
239
Chegg
CHGG
$90.8M
| $1.28M | 0.01% |
18,850
+12,707
| +207% | +$1.03M |
|
240
Credit Acceptance
CACC
$6.24B
| $1.28M | 0.01% |
2,180
-1,440
| -40% | -$785K |
|
|
SPLK
241
DELISTED
Splunk Inc
SPLK
| $1.27M | 0.01% |
+8,798
| New | +$1.28M |
|
242
Fastly Inc
FSLY
$3.97B
| $1.27M | 0.01% |
+31,317
| New | +$1.45M |
|
243
Group 1 Automotive
GPI
$3.12B
| $1.26M | 0.01% |
6,726
-242
| -3% | -$41.1K |
|
244
AbbVie
ABBV
$468B
| $1.26M | 0.01% |
11,681
-2,598
| -18% | -$297K |
|
245
Sally Beauty Holdings
SBH
$1.55B
| $1.25M | 0.01% |
73,880
+19,593
| +36% | +$373K |
|
246
Agios Pharmaceuticals
AGIO
$1.98B
| $1.24M | 0.01% |
+26,960
| New | +$1.3M |
|
247
West Fraser Timber
WFG
$5.46B
| $1.24M | 0.01% |
+14,712
| New | +$1.1M |
|
248
NetApp
NTAP
$37.7B
| $1.24M | 0.01% |
13,788
-974
| -7% | -$82.2K |
|
249
NextEra Energy
NEE
$174B
| $1.23M | 0.01% |
15,693
-10,387
| -40% | -$838K |
|
|
CCCS.WS
250
DELISTED
CCC Intelligent Solutions Holdings Inc. Redeemable warrants, each whole warrant exercisable for one
CCCS.WS
| $1.23M | 0.01% |
+528,775
| New | +$1.28M |
|
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Lee Ainslie's Q3 2021 Portfolio in Review
As of Q3 2021, Lee Ainslie held 869 positions worth $9.92B, down 6.9% from $10.6B the previous quarter. Its ten largest holdings account for 52% of the portfolio.
Lee Ainslie deployed $866M of net new capital in Q3 2021, opening 208 new positions and adding to 234 existing holdings. Its largest new stake was Instructure Holdings, Inc.: 1,250,000 shares worth $28.2M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 41% of assets, down from 53% a quarter earlier, followed by Healthcare and Technology.
On the sell side, the largest reduction was Coupang, an estimated $201M trimmed.
- Lee Ainslie's largest Q3 2021 buy was Instructure Holdings, Inc.: 1,250,000 shares worth $28.2M.
- Lee Ainslie added most to Visa in Q3 2021, an estimated $121M increase.
- Lee Ainslie's biggest Q3 2021 reduction was Coupang, cutting an estimated $201M.
- Lee Ainslie fully exited Alibaba in Q3 2021, selling an estimated $102M.
- Lee Ainslie's ten largest holdings make up 52% of its $9.92B portfolio in Q3 2021.
- Lee Ainslie opened 208 new positions and closed 244 in Q3 2021.
- Lee Ainslie's portfolio value fell 6.9% quarter-over-quarter to $9.92B.
Based on Maverick Capital's 13F filing for Q3 2021, filed 15 Nov 2021.