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 | |
|---|---|---|---|---|---|---|
351
General Dynamics
GD
$104B
| – | – |
-4,566
| Closed | -$1.29M |
|
352
GE Aerospace
GE
$354B
| – | – |
-3,002
| Closed | -$421K |
|
353
General Mills
GIS
$21.8B
| – | – |
-2,884
| Closed | -$202K |
|
|
GMS
354
DELISTED
GMS Inc
GMS
| – | – |
-5,034
| Closed | -$490K |
|
355
Global Net Lease
GNL
$2.13B
| – | – |
-12,847
| Closed | -$99.8K |
|
356
Grocery Outlet
GO
$1.17B
| – | – |
-36,604
| Closed | -$1.05M |
|
357
Graphic Packaging
GPK
$3.41B
| – | – |
-16,955
| Closed | -$495K |
|
358
Global Payments
GPN
$25.2B
| – | – |
-2,867
| Closed | -$383K |
|
359
Gulfport Energy Corp
GPOR
$3.08B
| – | – |
-6,160
| Closed | -$986K |
|
360
Haemonetics
HAE
$4.91B
| – | – |
-6,074
| Closed | -$518K |
|
361
Warrior Met Coal
HCC
$5.7B
| – | – |
-6,171
| Closed | -$375K |
|
362
CALL
HDFC Bank
HDB
$121B
| – | – |
-979,600
| Closed | -$27.4M |
|
|
HES
363
DELISTED
Hess
HES
| – | – |
-2,316
| Closed | -$354K |
|
|
HPP
364
Hudson Pacific Properties
HPP
$789M
| – | – |
-11,979
| Closed | -$541K |
|
365
H&R Block
HRB
$6.68B
| – | – |
-62,260
| Closed | -$3.06M |
|
366
Hertz
HTZ
$802M
| – | – |
-22,117
| Closed | -$173K |
|
367
Howmet Aerospace
HWM
$105B
| – | – |
-15,325
| Closed | -$1.05M |
|
368
Hexcel
HXL
$6.99B
| – | – |
-8,327
| Closed | -$607K |
|
369
Integra LifeSciences
IART
$1.29B
| – | – |
-9,419
| Closed | -$334K |
|
370
Installed Building Products
IBP
$6.54B
| – | – |
-2,277
| Closed | -$589K |
|
371
International Paper
IP
$21.9B
| – | – |
-13,874
| Closed | -$541K |
|
372
IQVIA
IQV
$42.8B
| – | – |
-1,112
| Closed | -$281K |
|
373
Iridium Communications
IRDM
$5.08B
| – | – |
-16,149
| Closed | -$422K |
|
374
Iron Mountain
IRM
$35.4B
| – | – |
-3,363
| Closed | -$270K |
|
375
ITT
ITT
$18.4B
| – | – |
-3,068
| Closed | -$417K |
|
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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.