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 |
LPL Financial
LPLA
|
+$109M |
| 2 |
Southwest Gas
SWX
|
+$67.4M |
| 3 |
Camden Property Trust
CPT
|
+$66.1M |
| 4 |
SWTX
SpringWorks Therapeutics
SWTX
|
+$58.3M |
| 5 |
Domino's
DPZ
|
+$54.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$89.9M |
| 2 |
Union Pacific
UNP
|
+$66.7M |
| 3 |
Coupang
CPNG
|
+$66.4M |
| 4 |
NVIDIA
NVDA
|
+$63.5M |
| 5 |
ABCM
Abcam PLC
ABCM
|
+$55.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 36.13% |
| 2 | Technology | 16.8% |
| 3 | Healthcare | 16.13% |
| 4 | Financials | 8.94% |
| 5 | Consumer Staples | 5.95% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
401
Hormel Foods
HRL
$13.1B
| – | – |
-15,237
| Closed | -$579K |
|
402
HSBC
HSBC
$357B
| – | – |
-5,276
| Closed | -$208K |
|
403
HubSpot
HUBS
$12B
| – | – |
-768
| Closed | -$378K |
|
404
Installed Building Products
IBP
$6.56B
| – | – |
-1,671
| Closed | -$209K |
|
405
Intel
INTC
$476B
| – | – |
-33,778
| Closed | -$1.2M |
|
406
Intuit
INTU
$100B
| – | – |
-1,102
| Closed | -$563K |
|
407
International Paper
IP
$22B
| – | – |
-8,513
| Closed | -$302K |
|
408
Invesco
IVZ
$14.1B
| – | – |
-25,577
| Closed | -$371K |
|
409
Johnson & Johnson
JNJ
$651B
| – | – |
-6,080
| Closed | -$947K |
|
410
Keysight
KEYS
$53.8B
| – | – |
-1,930
| Closed | -$255K |
|
411
Kroger
KR
$35.5B
| – | – |
-6,865
| Closed | -$307K |
|
412
LivaNova
LIVN
$4.34B
| – | – |
-5,173
| Closed | -$274K |
|
413
LKQ Corp
LKQ
$6.52B
| – | – |
-4,133
| Closed | -$205K |
|
414
Lockheed Martin
LMT
$130B
| – | – |
-3,298
| Closed | -$1.35M |
|
415
Macy's
M
$6B
| – | – |
-93,446
| Closed | -$1.08M |
|
|
MRSH
416
Marsh
MRSH
$91.6B
| – | – |
-5,243
| Closed | -$998K |
|
417
Monro
MNRO
$392M
| – | – |
-21,085
| Closed | -$586K |
|
418
Monster Beverage
MNST
$93.6B
| – | – |
-11,852
| Closed | -$314K |
|
419
Altria Group
MO
$110B
| – | – |
-7,377
| Closed | -$310K |
|
420
Match Group
MTCH
$9.38B
| – | – |
-19,713
| Closed | -$772K |
|
421
Nike
NKE
$60.5B
| – | – |
-12,503
| Closed | -$1.2M |
|
422
Northern Trust
NTRS
$33.6B
| – | – |
-3,802
| Closed | -$264K |
|
423
NXP Semiconductors
NXPI
$56.9B
| – | – |
-2,004
| Closed | -$401K |
|
424
Nexstar Media Group
NXST
$5.73B
| – | – |
-1,530
| Closed | -$219K |
|
425
Oceaneering
OII
$5.28B
| – | – |
-9,421
| Closed | -$242K |
|
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Lee Ainslie's Q4 2023 Portfolio in Review
As of Q4 2023, Lee Ainslie held 476 positions worth $4.98B, up 12% from $4.43B the previous quarter. Its ten largest holdings account for 48% of the portfolio.
Lee Ainslie's Q4 2023 filing shows 175 new, 86 increased, 82 reduced and 128 closed positions. Its largest new stake was LPL Financial: 485,100 shares worth $110M. The largest sale was Meta Platforms (Facebook), an estimated $89.9M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 36% of assets, down from 40% a quarter earlier, followed by Technology and Healthcare.
- Lee Ainslie's largest Q4 2023 buy was LPL Financial: 485,100 shares worth $110M.
- Lee Ainslie added most to SpringWorks Therapeutics in Q4 2023, an estimated $58.3M increase.
- Lee Ainslie's biggest Q4 2023 reduction was Meta Platforms (Facebook), cutting an estimated $89.9M.
- Lee Ainslie fully exited Union Pacific in Q4 2023, selling an estimated $66.7M.
- Lee Ainslie's ten largest holdings make up 48% of its $4.98B portfolio in Q4 2023.
- Lee Ainslie opened 175 new positions and closed 128 in Q4 2023.
- Lee Ainslie's portfolio value rose 12% quarter-over-quarter to $4.98B.
Based on Maverick Capital's 13F filing for Q4 2023, filed 14 Feb 2024.