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 |
Microsoft
MSFT
|
+$176M |
| 2 |
K
Kellanova
K
|
+$90.1M |
| 3 |
Micron Technology
MU
|
+$78.2M |
| 4 |
Meta Platforms (Facebook)
META
|
+$69.3M |
| 5 |
Starbucks
SBUX
|
+$68.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Coupang
CPNG
|
+$542M |
| 2 |
EA
Electronic Arts
EA
|
+$93.2M |
| 3 |
SCHW
Charles Schwab
SCHW
|
+$92.1M |
| 4 |
Baxter International
BAX
|
+$90.6M |
| 5 |
Danaher
DHR
|
+$55M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 29.3% |
| 2 | Technology | 25.22% |
| 3 | Healthcare | 14.37% |
| 4 | Financials | 8.82% |
| 5 | Real Estate | 5.95% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
Brunswick
BC
$5.24B
| $854K | 0.02% |
11,732
+8,935
| +319% | +$729K |
|
227
Genuine Parts
GPC
$18.5B
| $787K | 0.01% |
+5,689
| New | +$849K |
|
228
Eaton
ETN
$163B
| $782K | 0.01% |
+2,495
| New | +$806K |
|
229
Spotify
SPOT
$110B
| $763K | 0.01% |
2,430
-7,689
| -76% | -$2.32M |
|
230
Build-A-Bear
BBW
$488M
| $740K | 0.01% |
+29,296
| New | +$825K |
|
231
Dropbox
DBX
$7.5B
| $740K | 0.01% |
32,940
+18,563
| +129% | +$424K |
|
232
PayPal
PYPL
$52.7B
| $733K | 0.01% |
+12,626
| New | +$803K |
|
233
FedEx
FDX
$76.9B
| $721K | 0.01% |
2,403
-11,319
| -82% | -$2.96M |
|
234
Lyft
LYFT
$6.61B
| $686K | 0.01% |
+48,639
| New | +$790K |
|
235
Chegg
CHGG
$90.8M
| $685K | 0.01% |
+216,709
| New | +$1.08M |
|
236
JetBlue
JBLU
$1.85B
| $634K | 0.01% |
+104,052
| New | +$627K |
|
237
Accenture
ACN
$113B
| $632K | 0.01% |
2,083
+866
| +71% | +$265K |
|
238
Acushnet Holdings
GOLF
$5.19B
| $605K | 0.01% |
+9,523
| New | +$607K |
|
|
XYZ
239
Block Inc
XYZ
$49.4B
| $600K | 0.01% |
+9,302
| New | +$651K |
|
240
Pinduoduo
PDD
$126B
| $598K | 0.01% |
+4,497
| New | +$609K |
|
|
PDCO
241
DELISTED
Patterson Companies, Inc.
PDCO
| $584K | 0.01% |
24,211
-10,423
| -30% | -$261K |
|
|
DENN
242
DELISTED
Denny's
DENN
| $583K | 0.01% |
+82,143
| New | +$633K |
|
243
State Street
STT
$51.4B
| $567K | 0.01% |
7,660
+2,014
| +36% | +$150K |
|
244
Casey's General Stores
CASY
$30.9B
| $564K | 0.01% |
1,477
-1,322
| -47% | -$441K |
|
245
Affirm
AFRM
$25.8B
| $540K | 0.01% |
17,869
-2,017
| -10% | -$64.7K |
|
246
Live Nation Entertainment
LYV
$42.4B
| $533K | 0.01% |
5,686
-1,456
| -20% | -$138K |
|
247
Kontoor Brands
KTB
$4.48B
| $527K | 0.01% |
7,972
+3,691
| +86% | +$241K |
|
248
Hershey
HSY
$37.5B
| $527K | 0.01% |
2,868
-1,921
| -40% | -$372K |
|
249
ServiceNow
NOW
$133B
| $502K | 0.01% |
3,190
+1,500
| +89% | +$220K |
|
250
Adobe
ADBE
$109B
| $493K | 0.01% |
888
-2,916
| -77% | -$1.41M |
|
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Lee Ainslie's Q2 2024 Portfolio in Review
As of Q2 2024, Lee Ainslie held 491 positions worth $5.27B, down 0.92% from $5.32B the previous quarter. Its ten largest holdings account for 45% of the portfolio.
Lee Ainslie withdrew a net $209M in Q2 2024, closing 224 positions and reducing 47 holdings. Its most notable exit was Electronic Arts, an estimated $93.2M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 29% of assets, down from 32% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Lee Ainslie opened a new position in Kellanova worth $88.1M.
- Lee Ainslie's largest Q2 2024 buy was Kellanova: 1,526,789 shares worth $88.1M.
- Lee Ainslie added most to Microsoft in Q2 2024, an estimated $176M increase.
- Lee Ainslie's biggest Q2 2024 reduction was Coupang, cutting an estimated $542M.
- Lee Ainslie fully exited Electronic Arts in Q2 2024, selling an estimated $93.2M.
- Lee Ainslie's ten largest holdings make up 45% of its $5.27B portfolio in Q2 2024.
- Lee Ainslie opened 86 new positions and closed 224 in Q2 2024.
- Lee Ainslie's portfolio value fell 0.92% quarter-over-quarter to $5.27B.
Based on Maverick Capital's 13F filing for Q2 2024, filed 14 Aug 2024.