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 | |
|---|---|---|---|---|---|---|
351
Intel
INTC
$476B
| $887K | 0.02% |
+14,824
| New | +$886K |
|
|
AAWW
352
DELISTED
Atlas Air Worldwide Holdings, Inc.
AAWW
| $887K | 0.02% |
+20,606
| New | +$723K |
|
353
Extreme Networks
EXTR
$3B
| $882K | 0.02% |
203,176
-124,718
| -38% | -$440K |
|
354
Henry Schein
HSIC
$9.86B
| $882K | 0.02% |
+15,097
| New | +$844K |
|
355
Centene
CNC
$32.1B
| $881K | 0.02% |
13,870
-691,479
| -98% | -$45M |
|
356
NetEase
NTES
$82.1B
| $876K | 0.02% |
10,205
-19,945
| -66% | -$1.5M |
|
357
Williams-Sonoma
WSM
$28B
| $861K | 0.02% |
21,008
-191,254
| -90% | -$6.51M |
|
358
Estee Lauder
EL
$36.9B
| $859K | 0.02% |
+4,552
| New | +$813K |
|
359
XPO
XPO
$23.2B
| $859K | 0.02% |
32,164
-50,966
| -61% | -$1.22M |
|
|
ENDP
360
DELISTED
Endo International plc
ENDP
| $858K | 0.02% |
250,209
-189,042
| -43% | -$724K |
|
361
Commault Systems
CVLT
$5.55B
| $854K | 0.02% |
22,056
-2,764
| -11% | -$110K |
|
362
Yum China
YUMC
$16.9B
| $854K | 0.02% |
+17,771
| New | +$838K |
|
|
WBS
363
DELISTED
Webster Financial
WBS
| $846K | 0.02% |
29,569
+3,759
| +15% | +$99.6K |
|
364
Boise Cascade
BCC
$2.88B
| $845K | 0.02% |
+22,464
| New | +$704K |
|
365
Badger Meter
BMI
$3.82B
| $841K | 0.02% |
+13,368
| New | +$793K |
|
366
Kroger
KR
$35.5B
| $834K | 0.02% |
24,648
-46,524
| -65% | -$1.51M |
|
|
DOOR
367
DELISTED
MASONITE INTERNATIONAL CORP
DOOR
| $833K | 0.02% |
10,710
-710
| -6% | -$43.1K |
|
368
Texas Capital Bancshares
TCBI
$4.27B
| $825K | 0.02% |
+26,730
| New | +$748K |
|
|
EA
369
DELISTED
Electronic Arts
EA
| $820K | 0.02% |
6,213
-11,161
| -64% | -$1.32M |
|
370
C.H. Robinson
CHRW
$16.5B
| $807K | 0.02% |
+10,207
| New | +$770K |
|
371
Generac Holdings
GNRC
$12.2B
| $805K | 0.02% |
+6,602
| New | +$695K |
|
372
Federated Hermes
FHI
$4.76B
| $804K | 0.02% |
33,903
+3,131
| +10% | +$69.3K |
|
373
Packaging Corp of America
PKG
$22.5B
| $797K | 0.02% |
+7,984
| New | +$759K |
|
374
Ericsson
ERIC
$33.5B
| $790K | 0.02% |
84,935
-300,028
| -78% | -$2.6M |
|
375
Loews
L
$22.5B
| $789K | 0.02% |
+23,004
| New | +$775K |
|
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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.