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 | |
|---|---|---|---|---|---|---|
451
Constellation Brands
STZ
$23.2B
| – | – |
-1,292
| Closed | -$351K |
|
452
Teradata
TDC
$2.58B
| – | – |
-5,308
| Closed | -$205K |
|
453
TransDigm Group
TDG
$66.4B
| – | – |
-386
| Closed | -$475K |
|
454
TE Connectivity
TEL
$58.9B
| – | – |
-3,351
| Closed | -$487K |
|
455
Tenable Holdings
TENB
$3.79B
| – | – |
-10,222
| Closed | -$505K |
|
456
Truist Financial
TFC
$61.6B
| – | – |
-9,295
| Closed | -$362K |
|
457
Thor Industries
THO
$4.14B
| – | – |
-3,090
| Closed | -$363K |
|
458
Timken Company
TKR
$8.67B
| – | – |
-6,185
| Closed | -$541K |
|
459
TKO Group
TKO
$14.1B
| – | – |
-5,882
| Closed | -$508K |
|
460
Toyota
TM
$234B
| – | – |
-943
| Closed | -$237K |
|
461
Thermo Fisher Scientific
TMO
$233B
| – | – |
-749
| Closed | -$435K |
|
462
Trex
TREX
$4.77B
| – | – |
-2,543
| Closed | -$254K |
|
463
T. Rowe Price
TROW
$23.8B
| – | – |
-155,248
| Closed | -$18.9M |
|
464
Tetra Tech
TTEK
$9.47B
| – | – |
-9,060
| Closed | -$335K |
|
465
Textron
TXT
$14.3B
| – | – |
-10,949
| Closed | -$1.05M |
|
466
Under Armour
UAA
$2.32B
| – | – |
-280,394
| Closed | -$2.07M |
|
467
United Airlines
UAL
$36.7B
| – | – |
-8,812
| Closed | -$422K |
|
468
UnitedHealth
UNH
$350B
| – | – |
-616
| Closed | -$305K |
|
469
Union Pacific
UNP
$183B
| – | – |
-2,253
| Closed | -$554K |
|
470
United Parcel Service
UPS
$86.8B
| – | – |
-20,025
| Closed | -$2.98M |
|
471
Marriott Vacations Worldwide
VAC
$3.87B
| – | – |
-3,546
| Closed | -$382K |
|
472
Visteon
VC
$2.83B
| – | – |
-4,925
| Closed | -$579K |
|
473
Valmont Industries
VMI
$9.38B
| – | – |
-1,082
| Closed | -$247K |
|
474
VeriSign
VRSN
$25.5B
| – | – |
-4,504
| Closed | -$854K |
|
475
Wabtec
WAB
$50.3B
| – | – |
-6,163
| Closed | -$898K |
|
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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.