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 |
Restaurant Brands International
QSR
|
+$236M |
| 2 |
Corpay
CPAY
|
+$186M |
| 3 |
Humana
HUM
|
+$160M |
| 4 |
DuPont de Nemours
DD
|
+$147M |
| 5 |
ONEM
1Life Healthcare
ONEM
|
+$131M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Monster Beverage
MNST
|
+$341M |
| 2 |
MDCO
Medicines Co
MDCO
|
+$185M |
| 3 |
Westlake Corp
WLK
|
+$162M |
| 4 |
T-Mobile US
TMUS
|
+$153M |
| 5 |
Centene
CNC
|
+$149M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 23.18% |
| 2 | Technology | 22.82% |
| 3 | Healthcare | 21.03% |
| 4 | Communication Services | 13.36% |
| 5 | Materials | 8.17% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
LM
251
DELISTED
Legg Mason, Inc.
LM
| $1.35M | 0.03% |
+27,584
| New | +$1.2M |
|
252
Southern Copper
SCCO
$182B
| $1.34M | 0.03% |
+52,029
| New | +$1.72M |
|
|
ETFC
253
DELISTED
E*Trade Financial Corporation
ETFC
| $1.33M | 0.03% |
38,913
-62,697
| -62% | -$2.65M |
|
|
CEO
254
DELISTED
CNOOC Limited
CEO
| $1.33M | 0.03% |
12,903
-15,673
| -55% | -$2.23M |
|
|
HTT
255
High Templar Tech Ltd
HTT
$388M
| $1.33M | 0.03% |
740,888
-94,766
| -11% | -$266K |
|
256
Steel Dynamics
STLD
$32.8B
| $1.33M | 0.03% |
+59,190
| New | +$1.62M |
|
257
LPL Financial
LPLA
$28.5B
| $1.33M | 0.03% |
24,496
-24,652
| -50% | -$1.99M |
|
258
Voya Financial
VOYA
$8.86B
| $1.33M | 0.03% |
32,729
-44,374
| -58% | -$2.42M |
|
|
CSLT
259
DELISTED
CASTLIGHT HEALTH, INC.
CSLT
| $1.31M | 0.03% |
1,815,514
| – | – |
|
260
NETGEAR
NTGR
$571M
| $1.3M | 0.03% |
56,908
+7,438
| +15% | +$167K |
|
261
Cogent Communications
CCOI
$470M
| $1.3M | 0.03% |
+15,831
| New | +$1.2M |
|
262
Goldman Sachs
GS
$303B
| $1.3M | 0.03% |
+8,387
| New | +$1.78M |
|
|
BRFS
263
DELISTED
BRF SA
BRFS
| $1.29M | 0.03% |
446,418
-43,904
| -9% | -$276K |
|
|
AJRD
264
DELISTED
Aerojet Rocketdyne Holdings
AJRD
| $1.28M | 0.03% |
30,597
+549
| +2% | +$27K |
|
265
NXP Semiconductors
NXPI
$56.9B
| $1.27M | 0.03% |
15,338
-20,661
| -57% | -$2.42M |
|
266
Credit Acceptance
CACC
$6.24B
| $1.25M | 0.03% |
4,908
-4,744
| -49% | -$1.91M |
|
267
Monro
MNRO
$392M
| $1.24M | 0.03% |
28,374
+8,207
| +41% | +$497K |
|
268
Crane NXT
CXT
$2.89B
| $1.24M | 0.03% |
72,289
-3,981
| -5% | -$102K |
|
269
Dell
DELL
$286B
| $1.24M | 0.03% |
+61,603
| New | +$1.42M |
|
|
GRUB
270
DELISTED
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
| $1.24M | 0.03% |
15,167
-319,421
| -95% | -$31.4M |
|
271
ATI
ATI
$28.2B
| $1.23M | 0.03% |
144,390
+73,573
| +104% | +$1.18M |
|
272
Canadian Pacific Kansas City
CP
$85B
| $1.22M | 0.03% |
+27,810
| New | +$1.37M |
|
273
Prestige Consumer Healthcare
PBH
$2.43B
| $1.22M | 0.03% |
+33,213
| New | +$1.29M |
|
274
Brown-Forman Class B
BF.B
$13.1B
| $1.22M | 0.03% |
21,909
-9,252
| -30% | -$595K |
|
275
Qualys
QLYS
$6.3B
| $1.21M | 0.03% |
+13,921
| New | +$1.17M |
|
Similar funds
Lee Ainslie's Q1 2020 Portfolio in Review
As of Q1 2020, Lee Ainslie held 565 positions worth $4.74B, down 31% from $6.87B the previous quarter. Its ten largest holdings account for 49% of the portfolio.
Lee Ainslie withdrew a net $525M in Q1 2020, closing 99 positions and reducing 138 holdings. Its most notable exit was Medicines Co, an estimated $185M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 23% of assets, up from 18% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Lee Ainslie opened a new position in 1Life Healthcare worth $101M.
- Lee Ainslie's largest Q1 2020 buy was 1Life Healthcare: 5,955,185 shares worth $101M.
- Lee Ainslie added most to Restaurant Brands International in Q1 2020, an estimated $236M increase.
- Lee Ainslie's biggest Q1 2020 reduction was Monster Beverage, cutting an estimated $341M.
- Lee Ainslie fully exited Medicines Co in Q1 2020, selling an estimated $185M.
- Lee Ainslie's ten largest holdings make up 49% of its $4.74B portfolio in Q1 2020.
- Lee Ainslie opened 228 new positions and closed 99 in Q1 2020.
- Lee Ainslie's portfolio value fell 31% quarter-over-quarter to $4.74B.
Based on Maverick Capital's 13F filing for Q1 2020, filed 15 May 2020.