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 |
EA
Electronic Arts
EA
|
+$96.5M |
| 2 |
GFL Environmental
GFL
|
+$92.9M |
| 3 |
QuidelOrtho
QDEL
|
+$79.1M |
| 4 |
Astera Labs
ALAB
|
+$73.9M |
| 5 |
Natera
NTRA
|
+$60.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Coupang
CPNG
|
+$307M |
| 2 |
Constellation Brands
STZ
|
+$86.1M |
| 3 |
Domino's
DPZ
|
+$76.7M |
| 4 |
IMGN
Immunogen Inc
IMGN
|
+$73.9M |
| 5 |
Meta Platforms (Facebook)
META
|
+$70.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 32.34% |
| 2 | Technology | 17.7% |
| 3 | Healthcare | 16.82% |
| 4 | Financials | 10.98% |
| 5 | Real Estate | 5.15% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
351
Simply Good Foods
SMPL
$962M
| $295K | 0.01% |
8,678
+937
| +12% | +$34.5K |
|
352
W.R. Berkley
WRB
$25.5B
| $289K | 0.01% |
+4,901
| New | +$265K |
|
353
Chemours
CC
$2.4B
| $289K | 0.01% |
+10,993
| New | +$313K |
|
354
Dillards
DDS
$9.71B
| $289K | 0.01% |
612
-2,634
| -81% | -$1.08M |
|
355
IQVIA
IQV
$42.8B
| $281K | 0.01% |
1,112
-1,254
| -53% | -$293K |
|
356
Cleveland-Cliffs
CLF
$6.43B
| $280K | 0.01% |
+12,335
| New | +$245K |
|
357
Bumble
BMBL
$370M
| $279K | 0.01% |
+24,566
| New | +$313K |
|
358
Polaris
PII
$3.66B
| $276K | 0.01% |
+2,755
| New | +$253K |
|
|
SNBR
359
DELISTED
Sleep Number
SNBR
| $275K | 0.01% |
+17,156
| New | +$222K |
|
360
Deckers Outdoor
DECK
$12.5B
| $274K | 0.01% |
+1,746
| New | +$242K |
|
361
Forward Air
FWRD
$612M
| $270K | 0.01% |
+8,689
| New | +$364K |
|
|
NVO
362
Novo Nordisk
NVO
$207B
| $270K | 0.01% |
+2,105
| New | +$251K |
|
363
Brunswick
BC
$5.24B
| $270K | 0.01% |
+2,797
| New | +$246K |
|
364
Euronet Worldwide
EEFT
$2.62B
| $270K | 0.01% |
2,454
-141
| -5% | -$14.8K |
|
365
Iron Mountain
IRM
$36.3B
| $270K | 0.01% |
3,363
-10,349
| -75% | -$749K |
|
366
MSCI
MSCI
$41B
| $270K | 0.01% |
481
-481
| -50% | -$270K |
|
367
Zillow
Z
$8.07B
| $268K | 0.01% |
+5,494
| New | +$299K |
|
368
CSX Corp
CSX
$95.6B
| $265K | 0.01% |
+7,149
| New | +$261K |
|
369
Cincinnati Financial
CINF
$25.8B
| $264K | 0.01% |
2,129
-55
| -3% | -$6.21K |
|
370
Kontoor Brands
KTB
$4.48B
| $258K | ﹤0.01% |
+4,281
| New | +$256K |
|
371
ServiceNow
NOW
$133B
| $258K | ﹤0.01% |
1,690
-1,100
| -39% | -$167K |
|
372
Sunstone Hotel Investors
SHO
$2.1B
| $257K | ﹤0.01% |
+23,085
| New | +$252K |
|
373
DXC Technology
DXC
$1.73B
| $257K | ﹤0.01% |
12,114
+1,234
| +11% | +$26.9K |
|
374
Trex
TREX
$4.77B
| $254K | ﹤0.01% |
+2,543
| New | +$226K |
|
|
ITCI
375
DELISTED
Intra-Cellular Therapies Inc.
ITCI
| $253K | ﹤0.01% |
+3,660
| New | +$252K |
|
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Lee Ainslie's Q1 2024 Portfolio in Review
As of Q1 2024, Lee Ainslie held 573 positions worth $5.32B, up 6.9% from $4.98B the previous quarter. Its ten largest holdings account for 45% of the portfolio.
Lee Ainslie withdrew a net $210M in Q1 2024, closing 168 positions and reducing 68 holdings. Its most notable exit was Immunogen Inc, an estimated $73.9M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 32% of assets, down from 36% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Lee Ainslie opened a new position in Electronic Arts worth $93.2M.
- Lee Ainslie's largest Q1 2024 buy was Electronic Arts: 702,830 shares worth $93.2M.
- Lee Ainslie added most to Starbucks in Q1 2024, an estimated $51.2M increase.
- Lee Ainslie's biggest Q1 2024 reduction was Coupang, cutting an estimated $307M.
- Lee Ainslie fully exited Immunogen Inc in Q1 2024, selling an estimated $73.9M.
- Lee Ainslie's ten largest holdings make up 45% of its $5.32B portfolio in Q1 2024.
- Lee Ainslie opened 225 new positions and closed 168 in Q1 2024.
- Lee Ainslie's portfolio value rose 6.9% quarter-over-quarter to $5.32B.
Based on Maverick Capital's 13F filing for Q1 2024, filed 15 May 2024.