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 |
lululemon athletica
LULU
|
+$91.4M |
| 2 |
Advanced Micro Devices
AMD
|
+$75M |
| 3 |
Netflix
NFLX
|
+$68.3M |
| 4 |
Broadcom
AVGO
|
+$57.7M |
| 5 |
LPL Financial
LPLA
|
+$50.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Coupang
CPNG
|
+$429M |
| 2 |
Meta Platforms (Facebook)
META
|
+$149M |
| 3 |
Camden Property Trust
CPT
|
+$127M |
| 4 |
Uber
UBER
|
+$102M |
| 5 |
Seagate
STX
|
+$66.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 28.25% |
| 2 | Technology | 25.43% |
| 3 | Healthcare | 19.35% |
| 4 | Financials | 8.64% |
| 5 | Consumer Staples | 5.8% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
301
Palo Alto Networks
PANW
$292B
| – | – |
-18,674
| Closed | -$3.17M |
|
302
Pinduoduo
PDD
$126B
| – | – |
-4,497
| Closed | -$598K |
|
303
Pegasystems
PEGA
$5.52B
| – | – |
-59,022
| Closed | -$1.79M |
|
304
Dave & Buster's
PLAY
$357M
| – | – |
-24,648
| Closed | -$981K |
|
305
Pool Corp
POOL
$6.83B
| – | – |
-5,637
| Closed | -$1.73M |
|
|
P
306
Everpure Inc
P
$36.1B
| – | – |
-22,564
| Closed | -$1.45M |
|
307
Qualcomm
QCOM
$169B
| – | – |
-8,344
| Closed | -$1.66M |
|
308
Ross Stores
ROST
$76.7B
| – | – |
-13,185
| Closed | -$1.92M |
|
309
Republic Services
RSG
$67.6B
| – | – |
-1,149
| Closed | -$223K |
|
310
Sweetgreen
SG
$832M
| – | – |
-62,486
| Closed | -$1.88M |
|
311
Skywest
SKYW
$3.93B
| – | – |
-13,695
| Closed | -$1.12M |
|
312
SL Green Realty
SLG
$4.07B
| – | – |
-7,893
| Closed | -$447K |
|
313
Super Micro Computer
SMCI
$24.1B
| – | – |
-5,880
| Closed | -$482K |
|
|
SNCY
314
DELISTED
Sun Country Airlines
SNCY
| – | – |
-150,443
| Closed | -$1.89M |
|
315
SiriusPoint
SPNT
$2.74B
| – | – |
-92,070
| Closed | -$1.12M |
|
316
Spotify
SPOT
$110B
| – | – |
-2,430
| Closed | -$763K |
|
317
StepStone Group
STEP
$4.11B
| – | – |
-8,815
| Closed | -$405K |
|
318
State Street
STT
$51.4B
| – | – |
-7,660
| Closed | -$567K |
|
319
Skyworks Solutions
SWKS
$10.1B
| – | – |
-2,812
| Closed | -$300K |
|
320
Symbotic
SYM
$5.43B
| – | – |
-10,041
| Closed | -$353K |
|
321
AT&T
T
$173B
| – | – |
-154,452
| Closed | -$2.95M |
|
322
Trip.com Group
TCOM
$29B
| – | – |
-35,697
| Closed | -$1.68M |
|
323
Teladoc Health
TDOC
$1.16B
| – | – |
-44,521
| Closed | -$435K |
|
324
Atlassian
TEAM
$43.5B
| – | – |
-5,823
| Closed | -$1.03M |
|
|
TGNA
325
DELISTED
TEGNA Inc
TGNA
| – | – |
-65,872
| Closed | -$918K |
|
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Lee Ainslie's Q3 2024 Portfolio in Review
As of Q3 2024, Lee Ainslie held 347 positions worth $5.13B, down 2.7% from $5.27B the previous quarter. Its ten largest holdings account for 42% of the portfolio.
Lee Ainslie withdrew a net $594M in Q3 2024, closing 118 positions and reducing 47 holdings. Its most notable exit was Meta Platforms (Facebook), an estimated $149M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 28% of assets, down from 29% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Lee Ainslie opened a new position in lululemon athletica worth $93.5M.
- Lee Ainslie's largest Q3 2024 buy was lululemon athletica: 344,486 shares worth $93.5M.
- Lee Ainslie added most to Advanced Micro Devices in Q3 2024, an estimated $75M increase.
- Lee Ainslie's biggest Q3 2024 reduction was Coupang, cutting an estimated $429M.
- Lee Ainslie fully exited Meta Platforms (Facebook) in Q3 2024, selling an estimated $149M.
- Lee Ainslie's ten largest holdings make up 42% of its $5.13B portfolio in Q3 2024.
- Lee Ainslie opened 80 new positions and closed 118 in Q3 2024.
- Lee Ainslie's portfolio value fell 2.7% quarter-over-quarter to $5.13B.
Based on Maverick Capital's 13F filing for Q3 2024, filed 14 Nov 2024.