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 | |
|---|---|---|---|---|---|---|
376
Herbalife
HLF
$1.33B
| $252K | ﹤0.01% |
+25,103
| New | +$270K |
|
377
MarketAxess Holdings
MKTX
$5.71B
| $250K | ﹤0.01% |
+1,142
| New | +$270K |
|
378
OraSure Technologies
OSUR
$268M
| $248K | ﹤0.01% |
+40,400
| New | +$293K |
|
379
Valmont Industries
VMI
$9.38B
| $247K | ﹤0.01% |
+1,082
| New | +$242K |
|
380
Freshworks
FRSH
$3.39B
| $243K | ﹤0.01% |
+13,360
| New | +$276K |
|
381
Eagle Materials
EXP
$6.35B
| $243K | ﹤0.01% |
+893
| New | +$211K |
|
382
Celsius Holdings
CELH
$8.44B
| $242K | ﹤0.01% |
+2,924
| New | +$200K |
|
383
Pebblebrook Hotel Trust
PEB
$2.09B
| $240K | ﹤0.01% |
+15,603
| New | +$246K |
|
384
Toyota
TM
$234B
| $237K | ﹤0.01% |
+943
| New | +$209K |
|
385
KBR
KBR
$4.86B
| $236K | ﹤0.01% |
+3,708
| New | +$211K |
|
386
American Tower
AMT
$81.9B
| $235K | ﹤0.01% |
+1,188
| New | +$237K |
|
387
LKQ Corp
LKQ
$6.52B
| $232K | ﹤0.01% |
+4,338
| New | +$215K |
|
388
Franklin Templeton, Inc.
BEN
$17.4B
| $228K | ﹤0.01% |
+8,127
| New | +$224K |
|
389
Rockwell Automation
ROK
$48.5B
| $228K | ﹤0.01% |
+782
| New | +$225K |
|
390
Archer Daniels Midland
ADM
$38.7B
| $227K | ﹤0.01% |
+3,608
| New | +$212K |
|
391
D.R. Horton
DHI
$41.5B
| $220K | ﹤0.01% |
1,334
-3,206
| -71% | -$481K |
|
392
Automatic Data Processing
ADP
$112B
| $218K | ﹤0.01% |
873
-656
| -43% | -$160K |
|
393
Amkor Technology
AMKR
$12.5B
| $217K | ﹤0.01% |
+6,735
| New | +$214K |
|
394
Applied Industrial Technologies
AIT
$12.5B
| $217K | ﹤0.01% |
+1,096
| New | +$200K |
|
|
RDFN
395
DELISTED
Redfin
RDFN
| $209K | ﹤0.01% |
+31,419
| New | +$239K |
|
396
Invesco
IVZ
$14.1B
| $208K | ﹤0.01% |
+12,564
| New | +$203K |
|
397
Diamondback Energy
FANG
$59B
| $208K | ﹤0.01% |
+1,048
| New | +$178K |
|
398
Teradata
TDC
$2.58B
| $205K | ﹤0.01% |
5,308
-517
| -9% | -$21.8K |
|
399
Charter Communications
CHTR
$17.9B
| $202K | ﹤0.01% |
696
+50
| +8% | +$16.1K |
|
400
General Mills
GIS
$21.4B
| $202K | ﹤0.01% |
2,884
-18,219
| -86% | -$1.19M |
|
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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.