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 | |
|---|---|---|---|---|---|---|
301
El Pollo Loco
LOCO
$488M
| $1.06M | 0.02% |
124,996
-18,539
| -13% | -$236K |
|
302
Peabody Energy
BTU
$3.37B
| $1.05M | 0.02% |
362,073
-70,507
| -16% | -$451K |
|
303
Fair Isaac
FICO
$25.3B
| $1.05M | 0.02% |
+3,402
| New | +$1.25M |
|
|
LNW
304
DELISTED
Light & Wonder
LNW
| $1.05M | 0.02% |
107,928
-53,554
| -33% | -$1.1M |
|
305
Viasat
VSAT
$10.3B
| $1.03M | 0.02% |
28,745
+1,138
| +4% | +$65.7K |
|
|
VRNT
306
DELISTED
Verint Systems
VRNT
| $1.03M | 0.02% |
+46,863
| New | +$1.26M |
|
307
Extreme Networks
EXTR
$3B
| $1.01M | 0.02% |
327,894
+44,832
| +16% | +$249K |
|
308
Commault Systems
CVLT
$5.55B
| $1M | 0.02% |
+24,820
| New | +$1.07M |
|
309
CoStar Group
CSGP
$13.1B
| $998K | 0.02% |
+17,000
| New | +$1.11M |
|
310
HEICO Corp
HEI
$49.6B
| $981K | 0.02% |
13,150
-856
| -6% | -$93.6K |
|
311
Align Technology
ALGN
$11.5B
| $979K | 0.02% |
5,627
-14,535
| -72% | -$3.48M |
|
312
Murphy USA
MUSA
$10.5B
| $972K | 0.02% |
11,523
-70,489
| -86% | -$7.31M |
|
313
Visa
V
$693B
| $954K | 0.02% |
5,918
-3,861
| -39% | -$727K |
|
|
P
314
Everpure Inc
P
$36.1B
| $952K | 0.02% |
+77,419
| New | +$1.25M |
|
315
Aecom
ACM
$8.34B
| $951K | 0.02% |
+31,870
| New | +$1.36M |
|
316
Primerica
PRI
$9.1B
| $942K | 0.02% |
+10,641
| New | +$1.22M |
|
317
Raymond James Financial
RJF
$33.7B
| $942K | 0.02% |
+22,367
| New | +$1.26M |
|
318
Pultegroup
PHM
$24.6B
| $941K | 0.02% |
+42,149
| New | +$1.63M |
|
319
Trimble
TRMB
$14B
| $940K | 0.02% |
29,534
-28,447
| -49% | -$1.11M |
|
|
RTN
320
DELISTED
Raytheon Company
RTN
| $937K | 0.02% |
7,147
-7,871
| -52% | -$1.56M |
|
|
EB
321
DELISTED
Eventbrite
EB
| $935K | 0.02% |
+128,014
| New | +$2.16M |
|
|
SAVE
322
DELISTED
Spirit Airlines, Inc.
SAVE
| $931K | 0.02% |
+72,231
| New | +$2.32M |
|
323
Eastman Chemical
EMN
$8.47B
| $921K | 0.02% |
19,783
-6,743
| -25% | -$433K |
|
|
NVRO
324
DELISTED
NEVRO CORP.
NVRO
| $918K | 0.02% |
+9,180
| New | +$1.1M |
|
325
Box
BOX
$4.56B
| $916K | 0.02% |
+65,262
| New | +$971K |
|
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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.