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 |
Alphabet (Google) Class C
GOOG
|
+$222M |
| 2 |
Eagle Materials
EXP
|
+$137M |
| 3 |
Centene
CNC
|
+$134M |
| 4 |
Alibaba
BABA
|
+$122M |
| 5 |
SCHW
Charles Schwab
SCHW
|
+$119M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Universal Health Services
UHS
|
+$299M |
| 2 |
Walt Disney
DIS
|
+$162M |
| 3 |
T-Mobile US
TMUS
|
+$151M |
| 4 |
PARA
Paramount Global Class B
PARA
|
+$133M |
| 5 |
Lam Research
LRCX
|
+$117M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 24.15% |
| 2 | Consumer Discretionary | 20.03% |
| 3 | Communication Services | 15.29% |
| 4 | Healthcare | 14.4% |
| 5 | Financials | 9.55% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
276
Humana
HUM
$45.5B
| – | – |
-27,480
| Closed | -$9.3M |
|
|
JWN
277
DELISTED
Nordstrom
JWN
| – | – |
-356,950
| Closed | -$21.3M |
|
278
Kulicke & Soffa
KLIC
$4.49B
| – | – |
-292,080
| Closed | -$6.96M |
|
279
Kohl's
KSS
$2B
| – | – |
-72,000
| Closed | -$5.37M |
|
280
Grand Canyon Education
LOPE
$3.84B
| – | – |
-2,678
| Closed | -$302K |
|
281
Mohawk Industries
MHK
$9.23B
| – | – |
-178,965
| Closed | -$31.4M |
|
282
Molina Healthcare
MOH
$10.5B
| – | – |
-70,290
| Closed | -$10.5M |
|
283
Nucor
NUE
$55.3B
| – | – |
-30,370
| Closed | -$1.93M |
|
284
Oxford Industries
OXM
$540M
| – | – |
-2,190
| Closed | -$198K |
|
285
Pacific Biosciences
PACB
$420M
| – | – |
-12,173,094
| Closed | -$65.9M |
|
|
PARA
286
DELISTED
Paramount Global Class B
PARA
| – | – |
-2,322,965
| Closed | -$133M |
|
287
PACCAR
PCAR
$69B
| – | – |
-104,370
| Closed | -$4.75M |
|
288
PepsiCo
PEP
$196B
| – | – |
-31,360
| Closed | -$3.51M |
|
289
Pentair
PNR
$10.3B
| – | – |
-90,390
| Closed | -$3.92M |
|
290
Restaurant Brands International
QSR
$28.2B
| – | – |
-5,250
| Closed | -$311K |
|
291
ResMed
RMD
$33.4B
| – | – |
-38,120
| Closed | -$4.4M |
|
|
SEE
292
DELISTED
Sealed Air
SEE
| – | – |
-99,770
| Closed | -$4.01M |
|
293
SM Energy
SM
$8.85B
| – | – |
-215,350
| Closed | -$6.79M |
|
294
Spotify
SPOT
$110B
| – | – |
-368,806
| Closed | -$66.7M |
|
|
SPR
295
DELISTED
Spirit AeroSystems
SPR
| – | – |
-87,820
| Closed | -$8.05M |
|
296
Skyworks Solutions
SWKS
$10.1B
| – | – |
-20,640
| Closed | -$1.87M |
|
297
Teradyne
TER
$58.7B
| – | – |
-193,520
| Closed | -$7.16M |
|
298
Tapestry
TPR
$26B
| – | – |
-121,790
| Closed | -$6.12M |
|
299
Trinity Industries
TRN
$2.37B
| – | – |
-316,178
| Closed | -$8.34M |
|
300
UnitedHealth
UNH
$350B
| – | – |
-24,820
| Closed | -$6.6M |
|
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Lee Ainslie's Q4 2018 Portfolio in Review
As of Q4 2018, Lee Ainslie held 324 positions worth $6.81B, down 15% from $8.04B the previous quarter. Its ten largest holdings account for 37% of the portfolio.
Lee Ainslie's Q4 2018 filing shows 86 new, 82 increased, 87 reduced and 67 closed positions. Its largest new stake was Eagle Materials: 1,909,554 shares worth $117M. The largest sale was Universal Health Services, an estimated $299M.
By sector, the portfolio is most concentrated in Technology at 24% of assets, down from 27% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- Lee Ainslie's largest Q4 2018 buy was Eagle Materials: 1,909,554 shares worth $117M.
- Lee Ainslie added most to Alphabet (Google) Class C in Q4 2018, an estimated $222M increase.
- Lee Ainslie's biggest Q4 2018 reduction was Universal Health Services, cutting an estimated $299M.
- Lee Ainslie fully exited Paramount Global Class B in Q4 2018, selling an estimated $133M.
- Lee Ainslie's ten largest holdings make up 37% of its $6.81B portfolio in Q4 2018.
- Lee Ainslie opened 86 new positions and closed 67 in Q4 2018.
- Lee Ainslie's portfolio value fell 15% quarter-over-quarter to $6.81B.
Based on Maverick Capital's 13F filing for Q4 2018, filed 14 Feb 2019.