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Lee Ainslie Maverick Capital

AUM $11.3B
1-Year Est. Return 76.6%
 

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.

This Fund
S&P 500
This Quarter Est. Return
+7.71%
1 Year Est. Return
+76.6%
3 Year Est. Return
+266.43%
5 Year Est. Return
+219.63%
10 Year Est. Return
+601.38%
AUM
$8.04B
AUM Growth
-$516M
Cap. Flow
-$920M
Cap. Flow %
-11.45%
Top 10 Hldgs %
41.16%
Holding
303
New
68
Increased
72
Reduced
95
Closed
65

Top Buys

Rank Stock Value
1
LRCX icon
Lam Research
LRCX
+$268M
2
DXC icon
DXC Technology
DXC
+$265M
3
ELV icon
Elevance Health
ELV
+$262M
4
BIDU icon
Baidu
BIDU
+$195M
5
STZ icon
Constellation Brands
STZ
+$131M

Top Sells

Rank Stock Value
1
GOOG icon
Alphabet (Google) Class C
GOOG
+$483M
2
META icon
Meta Platforms (Facebook)
META
+$439M
3
DLTR icon
Dollar Tree
DLTR
+$362M
4
EVHC
Envision Healthcare Holdings Inc
EVHC
+$297M
5
MHK icon
Mohawk Industries
MHK
+$257M

Sector Composition

Rank Sector Weight
1 Technology 27.07%
2 Healthcare 17.51%
3 Communication Services 16.54%
4 Consumer Discretionary 15.49%
5 Financials 7.94%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EVHC
301
DELISTED
Envision Healthcare Holdings Inc
EVHC
– –
-6,746,498
Closed -$297M
BBL
302
DELISTED
BHP Group Plc American Depositary Shares (Each representing two Ordinary Shares)
BBL
– –
-157,410
Closed -$7.08M
RHT
303
DELISTED
Red Hat Inc
RHT
– –
-45,350
Closed -$6.09M
9 10 11 12
13

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Lee Ainslie's Q3 2018 Portfolio in Review

As of Q3 2018, Lee Ainslie held 303 positions worth $8.04B, down 6% from $8.55B the previous quarter. Its ten largest holdings account for 41% of the portfolio.

Lee Ainslie withdrew a net $920M in Q3 2018, closing 65 positions and reducing 95 holdings. Its most notable exit was Dollar Tree, an estimated $362M position sold in full.

By sector, the portfolio is most concentrated in Technology at 27% of assets, up from 19% a quarter earlier, followed by Healthcare and Communication Services.

Against the trend, Lee Ainslie opened a new position in Constellation Brands worth $133M.

  • Lee Ainslie's largest Q3 2018 buy was Constellation Brands: 616,427 shares worth $133M.
  • Lee Ainslie added most to Lam Research in Q3 2018, an estimated $268M increase.
  • Lee Ainslie's biggest Q3 2018 reduction was Alphabet (Google) Class C, cutting an estimated $483M.
  • Lee Ainslie fully exited Dollar Tree in Q3 2018, selling an estimated $362M.
  • Lee Ainslie's ten largest holdings make up 41% of its $8.04B portfolio in Q3 2018.
  • Lee Ainslie opened 68 new positions and closed 65 in Q3 2018.
  • Lee Ainslie's portfolio value fell 6% quarter-over-quarter to $8.04B.

Based on Maverick Capital's 13F filing for Q3 2018, filed 14 Nov 2018.