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 |
Constellation Brands
STZ
|
+$139M |
| 2 |
Baxter International
BAX
|
+$121M |
| 3 |
Coupang
CPNG
|
+$85.7M |
| 4 |
BNY
Bank of New York Mellon
BNY
|
+$67.4M |
| 5 |
DoorDash
DASH
|
+$63.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Salesforce
CRM
|
+$91.7M |
| 2 |
CTLT
CATALENT, INC.
CTLT
|
+$69.4M |
| 3 |
UnitedHealth
UNH
|
+$64.8M |
| 4 |
Meta Platforms (Facebook)
META
|
+$57M |
| 5 |
IMGN
Immunogen Inc
IMGN
|
+$48M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 40.71% |
| 2 | Technology | 19.77% |
| 3 | Healthcare | 12.09% |
| 4 | Communication Services | 8.07% |
| 5 | Consumer Staples | 6.59% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
CIVI
426
DELISTED
Civitas Resources
CIVI
| – | – |
-4,759
| Closed | -$325K |
|
427
Clorox
CLX
$12.9B
| – | – |
-9,058
| Closed | -$1.43M |
|
428
Cinemark Holdings
CNK
$4.24B
| – | – |
-34,458
| Closed | -$510K |
|
429
Coherent
COHR
$56.7B
| – | – |
-8,298
| Closed | -$316K |
|
430
Cooper Companies
COO
$14.9B
| – | – |
-7,016
| Closed | -$655K |
|
431
Corcept Therapeutics
CORT
$13.2B
| – | – |
-18,657
| Closed | -$404K |
|
432
Campbell Soup
CPB
$7.14B
| – | – |
-20,102
| Closed | -$1.11M |
|
433
Credo Technology Group
CRDO
$43B
| – | – |
-728,292
| Closed | -$6.86M |
|
434
Cirrus Logic
CRUS
$5.78B
| – | – |
-2,974
| Closed | -$325K |
|
435
Carlisle Companies
CSL
$14.6B
| – | – |
-1,020
| Closed | -$231K |
|
436
CSX Corp
CSX
$95.6B
| – | – |
-18,298
| Closed | -$548K |
|
|
CTRA
437
DELISTED
Coterra Energy
CTRA
| – | – |
-15,482
| Closed | -$380K |
|
438
Cenovus Energy
CVE
$60.7B
| – | – |
-22,179
| Closed | -$387K |
|
439
Commault Systems
CVLT
$5.55B
| – | – |
-32,925
| Closed | -$1.87M |
|
440
Community Health Systems
CYH
$424M
| – | – |
-25,203
| Closed | -$123K |
|
|
DFS
441
DELISTED
Discover Financial Services
DFS
| – | – |
-4,056
| Closed | -$401K |
|
442
Dine Brands
DIN
$454M
| – | – |
-8,674
| Closed | -$587K |
|
443
DraftKings
DKNG
$13B
| – | – |
-24,625
| Closed | -$477K |
|
444
Dolby
DLB
$6.11B
| – | – |
-6,274
| Closed | -$536K |
|
445
Dollar Tree
DLTR
$25.3B
| – | – |
-3,925
| Closed | -$563K |
|
446
Amdocs
DOX
$6.41B
| – | – |
-5,259
| Closed | -$505K |
|
447
Darden Restaurants
DRI
$25.2B
| – | – |
-6,439
| Closed | -$999K |
|
448
Dycom Industries
DY
$11.8B
| – | – |
-5,402
| Closed | -$506K |
|
449
e.l.f. Beauty
ELF
$6.02B
| – | – |
-5,104
| Closed | -$420K |
|
450
Emcor
EME
$34.3B
| – | – |
-3,290
| Closed | -$535K |
|
Similar funds
Lee Ainslie's Q2 2023 Portfolio in Review
As of Q2 2023, Lee Ainslie held 579 positions worth $4.69B, up 19% from $3.95B the previous quarter. Its ten largest holdings account for 56% of the portfolio.
Lee Ainslie deployed $156M of net new capital in Q2 2023, opening 130 new positions and adding to 106 existing holdings. Its largest new stake was Constellation Brands: 592,121 shares worth $146M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 41% of assets, up from 40% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was Salesforce, an estimated $91.7M trimmed.
- Lee Ainslie's largest Q2 2023 buy was Constellation Brands: 592,121 shares worth $146M.
- Lee Ainslie added most to Coupang in Q2 2023, an estimated $85.7M increase.
- Lee Ainslie's biggest Q2 2023 reduction was Salesforce, cutting an estimated $91.7M.
- Lee Ainslie fully exited CATALENT, INC. in Q2 2023, selling an estimated $69.4M.
- Lee Ainslie's ten largest holdings make up 56% of its $4.69B portfolio in Q2 2023.
- Lee Ainslie opened 130 new positions and closed 187 in Q2 2023.
- Lee Ainslie's portfolio value rose 19% quarter-over-quarter to $4.69B.
Based on Maverick Capital's 13F filing for Q2 2023, filed 14 Aug 2023.