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 |
Constellation Brands
STZ
|
+$139M |
| 2 |
Baxter International
BAX
|
+$121M |
| 3 |
Coupang
CPNG
|
+$85.7M |
| 4 |
BNY
Bank of New York Mellon
BNY
|
+$67.4M |
| 5 |
DoorDash
DASH
|
+$63.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Salesforce
CRM
|
+$91.7M |
| 2 |
CTLT
CATALENT, INC.
CTLT
|
+$69.4M |
| 3 |
UnitedHealth
UNH
|
+$64.8M |
| 4 |
Meta Platforms (Facebook)
META
|
+$57M |
| 5 |
IMGN
Immunogen Inc
IMGN
|
+$48M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 40.71% |
| 2 | Technology | 19.77% |
| 3 | Healthcare | 12.09% |
| 4 | Communication Services | 8.07% |
| 5 | Consumer Staples | 6.59% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
276
Integra LifeSciences
IART
$1.3B
| $415K | 0.01% |
10,095
-61
| -0.6% | -$2.94K |
|
277
Paylocity
PCTY
$8.14B
| $410K | 0.01% |
+2,222
| New | +$407K |
|
|
TRTN
278
DELISTED
Triton International Limited
TRTN
| $409K | 0.01% |
+4,912
| New | +$398K |
|
279
ArcelorMittal
MT
$54.4B
| $408K | 0.01% |
+14,910
| New | +$410K |
|
280
Edwards Lifesciences
EW
$51.8B
| $407K | 0.01% |
4,318
-2,815
| -39% | -$245K |
|
281
Manhattan Associates
MANH
$12.5B
| $407K | 0.01% |
+2,034
| New | +$353K |
|
282
Frontline
FRO
$9.72B
| $406K | 0.01% |
27,972
+1,555
| +6% | +$23.2K |
|
283
Idexx Laboratories
IDXX
$43.9B
| $406K | 0.01% |
+809
| New | +$388K |
|
284
SLM Corp
SLM
$4.97B
| $405K | 0.01% |
24,797
-5,571
| -18% | -$84.8K |
|
285
PennyMac Financial
PFSI
$3.9B
| $404K | 0.01% |
5,749
-2,380
| -29% | -$151K |
|
286
Southern Copper
SCCO
$182B
| $404K | 0.01% |
+6,149
| New | +$415K |
|
287
Stellantis
STLA
$20.4B
| $403K | 0.01% |
22,949
-6,322
| -22% | -$106K |
|
|
AXNX
288
DELISTED
Axonics, Inc. Common Stock
AXNX
| $401K | 0.01% |
7,953
-9,574
| -55% | -$509K |
|
289
McKesson
MCK
$100B
| $397K | 0.01% |
+929
| New | +$357K |
|
290
DXC Technology
DXC
$1.73B
| $396K | 0.01% |
14,811
-14,530
| -50% | -$362K |
|
291
Equitable Holdings
EQH
$13.3B
| $394K | 0.01% |
14,525
-1,383
| -9% | -$35K |
|
|
VISN
292
Vistance Networks Inc
VISN
$2.59B
| $393K | 0.01% |
69,879
+16,268
| +30% | +$77.8K |
|
293
Ford
F
$57.5B
| $393K | 0.01% |
25,973
-43,959
| -63% | -$556K |
|
294
Caesars Entertainment
CZR
$6.06B
| $391K | 0.01% |
+7,665
| New | +$348K |
|
295
Ally Financial
ALLY
$13.1B
| $391K | 0.01% |
+14,462
| New | +$385K |
|
296
AGCO
AGCO
$7.48B
| $390K | 0.01% |
+2,969
| New | +$368K |
|
297
Synchrony
SYF
$25.9B
| $390K | 0.01% |
11,499
-3,226
| -22% | -$98.5K |
|
298
Guidewire Software
GWRE
$15.8B
| $386K | 0.01% |
5,080
-14,949
| -75% | -$1.14M |
|
299
Cullen/Frost Bankers
CFR
$10.2B
| $384K | 0.01% |
3,567
+154
| +5% | +$16.1K |
|
300
Roku
ROKU
$23.4B
| $381K | 0.01% |
5,961
-12,439
| -68% | -$756K |
|
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Lee Ainslie's Q2 2023 Portfolio in Review
As of Q2 2023, Lee Ainslie held 579 positions worth $4.69B, up 19% from $3.95B the previous quarter. Its ten largest holdings account for 56% of the portfolio.
Lee Ainslie deployed $156M of net new capital in Q2 2023, opening 130 new positions and adding to 106 existing holdings. Its largest new stake was Constellation Brands: 592,121 shares worth $146M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 41% of assets, up from 40% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was Salesforce, an estimated $91.7M trimmed.
- Lee Ainslie's largest Q2 2023 buy was Constellation Brands: 592,121 shares worth $146M.
- Lee Ainslie added most to Coupang in Q2 2023, an estimated $85.7M increase.
- Lee Ainslie's biggest Q2 2023 reduction was Salesforce, cutting an estimated $91.7M.
- Lee Ainslie fully exited CATALENT, INC. in Q2 2023, selling an estimated $69.4M.
- Lee Ainslie's ten largest holdings make up 56% of its $4.69B portfolio in Q2 2023.
- Lee Ainslie opened 130 new positions and closed 187 in Q2 2023.
- Lee Ainslie's portfolio value rose 19% quarter-over-quarter to $4.69B.
Based on Maverick Capital's 13F filing for Q2 2023, filed 14 Aug 2023.