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 |
Microsoft
MSFT
|
+$176M |
| 2 |
K
Kellanova
K
|
+$90.1M |
| 3 |
Micron Technology
MU
|
+$78.2M |
| 4 |
Meta Platforms (Facebook)
META
|
+$69.3M |
| 5 |
Starbucks
SBUX
|
+$68.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Coupang
CPNG
|
+$542M |
| 2 |
EA
Electronic Arts
EA
|
+$93.2M |
| 3 |
SCHW
Charles Schwab
SCHW
|
+$92.1M |
| 4 |
Baxter International
BAX
|
+$90.6M |
| 5 |
Danaher
DHR
|
+$55M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 29.3% |
| 2 | Technology | 25.22% |
| 3 | Healthcare | 14.37% |
| 4 | Financials | 8.82% |
| 5 | Real Estate | 5.95% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
326
Danaher
DHR
$152B
| – | – |
-220,195
| Closed | -$55M |
|
327
DHT Holdings
DHT
$3.15B
| – | – |
-43,650
| Closed | -$502K |
|
328
Dolby
DLB
$6.16B
| – | – |
-4,582
| Closed | -$384K |
|
329
Doximity
DOCS
$4.56B
| – | – |
-14,066
| Closed | -$379K |
|
330
Amdocs
DOX
$6.47B
| – | – |
-3,348
| Closed | -$303K |
|
331
Domino's
DPZ
$11.4B
| – | – |
-102,556
| Closed | -$51M |
|
332
Darden Restaurants
DRI
$25.7B
| – | – |
-7,857
| Closed | -$1.31M |
|
333
Descartes Systems
DSGX
$6.79B
| – | – |
-4,721
| Closed | -$432K |
|
|
EA
334
DELISTED
Electronic Arts
EA
| – | – |
-702,830
| Closed | -$93.2M |
|
335
Elanco Animal Health
ELAN
$12.1B
| – | – |
-23,813
| Closed | -$388K |
|
336
Enovis
ENOV
$1.49B
| – | – |
-8,092
| Closed | -$505K |
|
337
EPR Properties
EPR
$4.65B
| – | – |
-9,789
| Closed | -$416K |
|
338
Equinix
EQIX
$103B
| – | – |
-621
| Closed | -$513K |
|
339
Evercore
EVR
$11.1B
| – | – |
-79,903
| Closed | -$15.4M |
|
340
EXL Service
EXLS
$5.76B
| – | – |
-10,752
| Closed | -$342K |
|
341
Eagle Materials
EXP
$6.29B
| – | – |
-893
| Closed | -$243K |
|
342
Extreme Networks
EXTR
$2.93B
| – | – |
-12,113
| Closed | -$140K |
|
343
National Vision
EYE
$1.45B
| – | – |
-117,484
| Closed | -$2.6M |
|
344
Diamondback Energy
FANG
$57.2B
| – | – |
-1,048
| Closed | -$208K |
|
345
FIVE9
FIVN
$2.47B
| – | – |
-8,582
| Closed | -$533K |
|
346
Freshworks
FRSH
$3.43B
| – | – |
-13,360
| Closed | -$243K |
|
347
Fortuna Silver Mines
FSM
$3.54B
| – | – |
-19,591
| Closed | -$73.1K |
|
348
Fiverr
FVRR
$337M
| – | – |
-30,480
| Closed | -$642K |
|
349
Forward Air
FWRD
$608M
| – | – |
-8,689
| Closed | -$270K |
|
350
Genpact
G
$6.34B
| – | – |
-14,503
| Closed | -$478K |
|
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Lee Ainslie's Q2 2024 Portfolio in Review
As of Q2 2024, Lee Ainslie held 491 positions worth $5.27B, down 0.92% from $5.32B the previous quarter. Its ten largest holdings account for 45% of the portfolio.
Lee Ainslie withdrew a net $209M in Q2 2024, closing 224 positions and reducing 47 holdings. Its most notable exit was Electronic Arts, an estimated $93.2M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 29% of assets, down from 32% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Lee Ainslie opened a new position in Kellanova worth $88.1M.
- Lee Ainslie's largest Q2 2024 buy was Kellanova: 1,526,789 shares worth $88.1M.
- Lee Ainslie added most to Microsoft in Q2 2024, an estimated $176M increase.
- Lee Ainslie's biggest Q2 2024 reduction was Coupang, cutting an estimated $542M.
- Lee Ainslie fully exited Electronic Arts in Q2 2024, selling an estimated $93.2M.
- Lee Ainslie's ten largest holdings make up 45% of its $5.27B portfolio in Q2 2024.
- Lee Ainslie opened 86 new positions and closed 224 in Q2 2024.
- Lee Ainslie's portfolio value fell 0.92% quarter-over-quarter to $5.27B.
Based on Maverick Capital's 13F filing for Q2 2024, filed 14 Aug 2024.