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 |
Meta Platforms (Facebook)
META
|
+$227M |
| 2 |
Dollar Tree
DLTR
|
+$160M |
| 3 |
Amazon
AMZN
|
+$137M |
| 4 |
Air Products & Chemicals
APD
|
+$57.8M |
| 5 |
Lam Research
LRCX
|
+$57.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Corpay
CPAY
|
+$242M |
| 2 |
DuPont de Nemours
DD
|
+$228M |
| 3 |
Restaurant Brands International
QSR
|
+$185M |
| 4 |
VISN
Vistance Networks Inc
VISN
|
+$176M |
| 5 |
Alibaba
BABA
|
+$135M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 22.72% |
| 2 | Communication Services | 19.37% |
| 3 | Consumer Discretionary | 18.3% |
| 4 | Technology | 15.31% |
| 5 | Materials | 7.94% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
301
Texas Instruments
TXN
$241B
| $1.11M | 0.02% |
8,753
-26,811
| -75% | -$3.13M |
|
302
Clean Harbors
CLH
$16.7B
| $1.1M | 0.02% |
18,393
+1,957
| +12% | +$109K |
|
|
SHOE
303
Shoe Station Group
SHOE
$420M
| $1.1M | 0.02% |
75,382
-56,760
| -43% | -$679K |
|
304
Cadence Design Systems
CDNS
$87.9B
| $1.09M | 0.02% |
11,335
-16,521
| -59% | -$1.38M |
|
305
Pentair
PNR
$10.3B
| $1.08M | 0.02% |
+28,527
| New | +$1M |
|
306
Gentex
GNTX
$4.98B
| $1.08M | 0.02% |
41,927
-6,013
| -13% | -$151K |
|
307
Sea Limited
SE
$72B
| $1.07M | 0.02% |
+10,020
| New | +$725K |
|
308
MGM Resorts International
MGM
$11B
| $1.07M | 0.02% |
63,850
-770
| -1% | -$12.4K |
|
309
Vishay Intertechnology
VSH
$4.85B
| $1.06M | 0.02% |
+69,757
| New | +$1.09M |
|
310
Cooper Companies
COO
$14.9B
| $1.06M | 0.02% |
14,988
-13,368
| -47% | -$991K |
|
311
Dillards
DDS
$9.71B
| $1.06M | 0.02% |
41,181
-77,972
| -65% | -$2.2M |
|
312
Knowles
KN
$2.85B
| $1.05M | 0.02% |
69,122
+12,889
| +23% | +$192K |
|
|
AMTD
313
DELISTED
TD Ameritrade Holding Corp
AMTD
| $1.05M | 0.02% |
28,909
-4,572
| -14% | -$172K |
|
314
LKQ Corp
LKQ
$6.52B
| $1.05M | 0.02% |
39,942
-80,408
| -67% | -$1.98M |
|
315
Murphy USA
MUSA
$10.5B
| $1.04M | 0.02% |
9,254
-2,269
| -20% | -$249K |
|
316
Las Vegas Sands
LVS
$30.5B
| $1.04M | 0.02% |
+22,796
| New | +$1.07M |
|
317
Royal Caribbean
RCL
$78.1B
| $1.03M | 0.02% |
+20,401
| New | +$923K |
|
318
MGIC Investment
MTG
$6.34B
| $1.02M | 0.02% |
124,869
+13,660
| +12% | +$102K |
|
319
Bunge Global
BG
$21.7B
| $1.01M | 0.02% |
24,623
-3,055
| -11% | -$118K |
|
|
KSU
320
DELISTED
Kansas City Southern
KSU
| $1.01M | 0.02% |
6,782
-6,116
| -47% | -$860K |
|
321
Cognex
CGNX
$10.2B
| $1.01M | 0.02% |
16,890
-28,469
| -63% | -$1.55M |
|
|
HUYA
322
Huya Inc
HUYA
$498M
| $1.01M | 0.02% |
+54,037
| New | +$902K |
|
323
Petrobras
PBR
$123B
| $1M | 0.02% |
121,094
-140,899
| -54% | -$1.02M |
|
|
CZZ
324
DELISTED
Cosan Limited
CZZ
| $989K | 0.02% |
65,655
+23,247
| +55% | +$304K |
|
325
Baidu
BIDU
$31.6B
| $988K | 0.02% |
+8,243
| New | +$882K |
|
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Lee Ainslie's Q2 2020 Portfolio in Review
As of Q2 2020, Lee Ainslie held 731 positions worth $4.75B, up 0.4% from $4.74B the previous quarter. Its ten largest holdings account for 53% of the portfolio.
Lee Ainslie withdrew a net $1.26B in Q2 2020, closing 168 positions and reducing 190 holdings. Its most notable exit was Restaurant Brands International, an estimated $185M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 23% of assets, up from 21% a quarter earlier, followed by Communication Services and Consumer Discretionary.
Against the trend, Lee Ainslie opened a new position in American Express worth $59M.
- Lee Ainslie's largest Q2 2020 buy was American Express: 619,428 shares worth $59M.
- Lee Ainslie added most to Meta Platforms (Facebook) in Q2 2020, an estimated $227M increase.
- Lee Ainslie's biggest Q2 2020 reduction was Corpay, cutting an estimated $242M.
- Lee Ainslie fully exited Restaurant Brands International in Q2 2020, selling an estimated $185M.
- Lee Ainslie's ten largest holdings make up 53% of its $4.75B portfolio in Q2 2020.
- Lee Ainslie opened 265 new positions and closed 168 in Q2 2020.
- Lee Ainslie's portfolio value rose 0.4% quarter-over-quarter to $4.75B.
Based on Maverick Capital's 13F filing for Q2 2020, filed 14 Aug 2020.