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 |
Philip Morris
PM
|
+$135M |
| 2 |
Alibaba
BABA
|
+$76M |
| 3 |
Union Pacific
UNP
|
+$70.9M |
| 4 |
ABCM
Abcam PLC
ABCM
|
+$44.7M |
| 5 |
Seagate
STX
|
+$41.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Netflix
NFLX
|
+$90.9M |
| 2 |
BNY
Bank of New York Mellon
BNY
|
+$69.7M |
| 3 |
Constellation Energy
CEG
|
+$64.4M |
| 4 |
Constellation Brands
STZ
|
+$62.5M |
| 5 |
NVIDIA
NVDA
|
+$52.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 40.44% |
| 2 | Technology | 17.92% |
| 3 | Healthcare | 12.53% |
| 4 | Consumer Staples | 7.21% |
| 5 | Financials | 6.97% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
376
EOG Resources
EOG
$80.3B
| – | – |
-2,525
| Closed | -$289K |
|
377
Equitable Holdings
EQH
$13.3B
| – | – |
-14,525
| Closed | -$394K |
|
378
Equinor
EQNR
$102B
| – | – |
-8,982
| Closed | -$262K |
|
379
Elastic
ESTC
$8.93B
| – | – |
-5,429
| Closed | -$348K |
|
380
Eaton
ETN
$163B
| – | – |
-3,318
| Closed | -$667K |
|
|
EVRI
381
DELISTED
Everi Holdings
EVRI
| – | – |
-20,400
| Closed | -$295K |
|
382
Ford
F
$57.5B
| – | – |
-25,973
| Closed | -$393K |
|
383
Fidelity National Information Services
FIS
$21.3B
| – | – |
-31,486
| Closed | -$1.72M |
|
384
Fluor
FLR
$7.01B
| – | – |
-12,616
| Closed | -$373K |
|
385
1-800-Flowers.com
FLWS
$254M
| – | – |
-32,640
| Closed | -$255K |
|
386
Frontline
FRO
$9.72B
| – | – |
-27,972
| Closed | -$406K |
|
387
Green Dot
GDOT
$766M
| – | – |
-19,469
| Closed | -$365K |
|
388
GE Aerospace
GE
$361B
| – | – |
-11,100
| Closed | -$973K |
|
389
GE HealthCare
GEHC
$33.8B
| – | – |
-14,351
| Closed | -$1.17M |
|
390
Griffon
GFF
$4.55B
| – | – |
-13,955
| Closed | -$562K |
|
391
Gildan
GIL
$10.4B
| – | – |
-42,003
| Closed | -$1.35M |
|
392
Golar LNG
GLNG
$5.31B
| – | – |
-17,177
| Closed | -$346K |
|
393
General Motors
GM
$77.2B
| – | – |
-14,318
| Closed | -$552K |
|
|
GMS
394
DELISTED
GMS Inc
GMS
| – | – |
-7,072
| Closed | -$489K |
|
395
Grocery Outlet
GO
$1.15B
| – | – |
-15,677
| Closed | -$480K |
|
396
Alphabet (Google) Class C
GOOG
$4.18T
| – | – |
-4,065
| Closed | -$492K |
|
397
Global Payments
GPN
$24.7B
| – | – |
-9,241
| Closed | -$910K |
|
398
Guidewire Software
GWRE
$15.8B
| – | – |
-5,080
| Closed | -$386K |
|
399
Warrior Met Coal
HCC
$5.64B
| – | – |
-5,932
| Closed | -$231K |
|
400
Home Depot
HD
$335B
| – | – |
-10,214
| Closed | -$3.17M |
|
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Lee Ainslie's Q3 2023 Portfolio in Review
As of Q3 2023, Lee Ainslie held 530 positions worth $4.43B, down 5.6% from $4.69B the previous quarter. Its ten largest holdings account for 57% of the portfolio.
Lee Ainslie withdrew a net $172M in Q3 2023, closing 229 positions and reducing 113 holdings. Its most notable exit was Netflix, an estimated $90.9M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 40% of assets, down from 41% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Lee Ainslie opened a new position in Alibaba worth $72M.
- Lee Ainslie's largest Q3 2023 buy was Alibaba: 830,459 shares worth $72M.
- Lee Ainslie added most to Philip Morris in Q3 2023, an estimated $135M increase.
- Lee Ainslie's biggest Q3 2023 reduction was Bank of New York Mellon, cutting an estimated $69.7M.
- Lee Ainslie fully exited Netflix in Q3 2023, selling an estimated $90.9M.
- Lee Ainslie's ten largest holdings make up 57% of its $4.43B portfolio in Q3 2023.
- Lee Ainslie opened 138 new positions and closed 229 in Q3 2023.
- Lee Ainslie's portfolio value fell 5.6% quarter-over-quarter to $4.43B.
Based on Maverick Capital's 13F filing for Q3 2023, filed 14 Nov 2023.