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 |
Newell Brands
NWL
|
+$182M |
| 2 |
Charter Communications
CHTR
|
+$176M |
| 3 |
UnitedHealth
UNH
|
+$161M |
| 4 |
Pfizer
PFE
|
+$145M |
| 5 |
HDS
HD Supply Holdings, Inc.
HDS
|
+$126M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$238M |
| 2 |
AerCap
AER
|
+$176M |
| 3 |
AB InBev
BUD
|
+$148M |
| 4 |
Bausch Health
BHC
|
+$145M |
| 5 |
Aramark
ARMK
|
+$104M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 26.86% |
| 2 | Industrials | 21.31% |
| 3 | Communication Services | 16.72% |
| 4 | Healthcare | 13.61% |
| 5 | Financials | 10.6% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Kraft Heinz
KHC
$30.3B
| $106M | 1.53% |
+1,463,340
| New | +$108M |
|
|
JAH
27
DELISTED
JARDEN CORPORATION
JAH
| $101M | 1.46% |
+1,773,514
| New | +$88.9M |
|
28
Pacific Biosciences
PACB
$420M
| $99.3M | 1.43% |
7,561,268
+105,234
| +1% | +$944K |
|
29
Universal Health Services
UHS
$10.4B
| $95.1M | 1.37% |
795,832
-112,239
| -12% | -$13.7M |
|
30
Armstrong World Industries
AWI
$7.55B
| $85.3M | 1.23% |
1,864,907
+102,451
| +6% | +$4.98M |
|
31
Liberty Global Class A
LBTYA
$3.63B
| $71M | 1.02% |
+1,921,029
| New | +$72.5M |
|
|
NRF
32
DELISTED
NorthStar Realty Finance Corp.
NRF
| $62.3M | 0.9% |
3,655,573
-1,814,741
| -33% | -$36.5M |
|
33
Vulcan Materials
VMC
$35.8B
| $57.6M | 0.83% |
606,997
+160,655
| +36% | +$15.6M |
|
34
Ericsson
ERIC
$33.5B
| $35.6M | 0.51% |
+3,705,667
| New | +$36.1M |
|
35
Broadcom
AVGO
$1.75T
| $30.3M | 0.44% |
2,087,800
-4,015,010
| -66% | -$52.2M |
|
|
36
AerCap
AER
$23B
| $29.4M | 0.42% |
680,830
-4,206,809
| -86% | -$176M |
|
|
CSLT
37
DELISTED
CASTLIGHT HEALTH, INC.
CSLT
| $4.89M | 0.07% |
1,144,324
| – | – |
|
38
Sanofi
SNY
$110B
| $3.89M | 0.06% |
91,300
-10,350
| -10% | -$476K |
|
39
Ulta Beauty
ULTA
$22.4B
| $1.78M | 0.03% |
9,610
+400
| +4% | +$69.1K |
|
|
WBMD
40
DELISTED
WebMD Health Corp.
WBMD
| $1.73M | 0.03% |
35,890
| – | – |
|
41
Ross Stores
ROST
$76.7B
| $1.68M | 0.02% |
31,260
+1,570
| +5% | +$80.2K |
|
42
Progressive
PGR
$127B
| $1.67M | 0.02% |
+52,640
| New | +$1.67M |
|
43
Microsoft
MSFT
$3.59T
| $1.66M | 0.02% |
29,850
-3,650
| -11% | -$192K |
|
44
United Therapeutics
UTHR
$22B
| $1.66M | 0.02% |
10,570
+930
| +10% | +$135K |
|
45
Booking.com
BKNG
$158B
| $1.64M | 0.02% |
32,225
-1,508,000
| -98% | -$79.7M |
|
46
Nexstar Media Group
NXST
$5.73B
| $1.63M | 0.02% |
27,690
-4,320
| -13% | -$239K |
|
47
Valero Energy
VLO
$100B
| $1.62M | 0.02% |
22,870
-1,460
| -6% | -$99.5K |
|
|
VA
48
DELISTED
Virgin America Inc.
VA
| $1.61M | 0.02% |
+44,590
| New | +$1.6M |
|
|
SEE
49
DELISTED
Sealed Air
SEE
| $1.59M | 0.02% |
35,770
+7,410
| +26% | +$343K |
|
50
Lear
LEA
$8.56B
| $1.58M | 0.02% |
+12,880
| New | +$1.57M |
|
Similar funds
Lee Ainslie's Q4 2015 Portfolio in Review
As of Q4 2015, Lee Ainslie held 139 positions worth $6.94B, up 19% from $5.84B the previous quarter. Its ten largest holdings account for 50% of the portfolio.
Lee Ainslie deployed $886M of net new capital in Q4 2015, opening 23 new positions and adding to 42 existing holdings. Its largest new stake was Newell Brands: 4,167,268 shares worth $184M.
By sector, the portfolio is most concentrated in Technology at 27% of assets, up from 26% a quarter earlier, followed by Industrials and Communication Services.
On the sell side, the largest reduction was Alphabet (Google) Class C, an estimated $238M trimmed.
- Lee Ainslie's largest Q4 2015 buy was Newell Brands: 4,167,268 shares worth $184M.
- Lee Ainslie added most to Pfizer in Q4 2015, an estimated $145M increase.
- Lee Ainslie's biggest Q4 2015 reduction was Alphabet (Google) Class C, cutting an estimated $238M.
- Lee Ainslie fully exited Bausch Health in Q4 2015, selling an estimated $145M.
- Lee Ainslie's ten largest holdings make up 50% of its $6.94B portfolio in Q4 2015.
- Lee Ainslie opened 23 new positions and closed 17 in Q4 2015.
- Lee Ainslie's portfolio value rose 19% quarter-over-quarter to $6.94B.
Based on Maverick Capital's 13F filing for Q4 2015, filed 16 Feb 2016.