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 |
Molson Coors Class B
TAP
|
+$471M |
| 2 |
Dollar Tree
DLTR
|
+$292M |
| 3 |
DuPont de Nemours
DD
|
+$273M |
| 4 |
DXC Technology
DXC
|
+$227M |
| 5 |
Qualcomm
QCOM
|
+$213M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Adobe
ADBE
|
+$405M |
| 2 |
Pfizer
PFE
|
+$325M |
| 3 |
CSC
Computer Sciences
CSC
|
+$181M |
| 4 |
Cigna
CI
|
+$162M |
| 5 |
Newell Brands
NWL
|
+$154M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 26.72% |
| 2 | Technology | 17.27% |
| 3 | Consumer Staples | 16.93% |
| 4 | Communication Services | 12.11% |
| 5 | Consumer Discretionary | 8.27% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Charter Communications
CHTR
$17.9B
| $110M | 1.38% |
+327,221
| New | +$109M |
|
27
Martin Marietta Materials
MLM
$32.1B
| $109M | 1.37% |
491,760
-281,429
| -36% | -$63.7M |
|
28
Visa
V
$693B
| $102M | 1.28% |
+1,090,239
| New | +$101M |
|
29
Las Vegas Sands
LVS
$30.5B
| $87.5M | 1.1% |
1,369,589
+860,856
| +169% | +$51.6M |
|
30
O'Reilly Automotive
ORLY
$72.1B
| $59.2M | 0.74% |
4,057,365
-3,519,705
| -46% | -$57.5M |
|
31
Pacific Biosciences
PACB
$420M
| $37.8M | 0.47% |
10,603,944
+1,530,070
| +17% | +$6.17M |
|
32
US Foods
USFD
$23.7B
| $34.7M | 0.44% |
1,276,434
-3,477,858
| -73% | -$99M |
|
|
WBA
33
DELISTED
Walgreens Boots Alliance
WBA
| $19.7M | 0.25% |
251,710
-761,843
| -75% | -$62.7M |
|
34
McDonald's
MCD
$192B
| $6.62M | 0.08% |
43,230
+21,180
| +96% | +$3.06M |
|
|
OPTU
35
Optimum Communications Inc
OPTU
$323M
| $6.21M | 0.08% |
+192,370
| New | +$6.37M |
|
|
MIK
36
DELISTED
Michaels Stores, Inc
MIK
| $5.42M | 0.07% |
+292,570
| New | +$6.09M |
|
|
CSLT
37
DELISTED
CASTLIGHT HEALTH, INC.
CSLT
| $5.07M | 0.06% |
1,221,809
+33,735
| +3% | +$132K |
|
38
Williams-Sonoma
WSM
$28B
| $4.87M | 0.06% |
+200,640
| New | +$5.12M |
|
|
SKX
39
DELISTED
Skechers
SKX
| $4.74M | 0.06% |
+160,590
| New | +$4.15M |
|
40
Exelixis
EXEL
$13.4B
| $4.63M | 0.06% |
+188,010
| New | +$3.98M |
|
41
Sprouts Farmers Market
SFM
$7.56B
| $4.27M | 0.05% |
+188,210
| New | +$4.36M |
|
42
AbbVie
ABBV
$468B
| $4.16M | 0.05% |
57,400
+13,000
| +29% | +$874K |
|
|
SWFT
43
DELISTED
Swift Transportation Company
SWFT
| $4.16M | 0.05% |
156,780
+26,840
| +21% | +$647K |
|
|
ETFC
44
DELISTED
E*Trade Financial Corporation
ETFC
| $4.15M | 0.05% |
109,080
+28,100
| +35% | +$994K |
|
45
Booking.com
BKNG
$158B
| $4.15M | 0.05% |
55,425
+13,825
| +33% | +$1.01M |
|
46
Biogen
BIIB
$32B
| $4.13M | 0.05% |
15,230
+5,620
| +58% | +$1.49M |
|
47
Huntsman Corp
HUN
$1.75B
| $4.12M | 0.05% |
+159,520
| New | +$3.95M |
|
|
TIF
48
DELISTED
Tiffany & Co.
TIF
| $4.11M | 0.05% |
+43,770
| New | +$4.02M |
|
|
JCP
49
DELISTED
J.C. Penney Company, Inc.
JCP
| $4.11M | 0.05% |
+883,090
| New | +$4.51M |
|
|
CMA
50
DELISTED
Comerica
CMA
| $4.08M | 0.05% |
+55,690
| New | +$3.91M |
|
Similar funds
Lee Ainslie's Q2 2017 Portfolio in Review
As of Q2 2017, Lee Ainslie held 209 positions worth $7.98B, up 1.8% from $7.84B the previous quarter. Its ten largest holdings account for 52% of the portfolio.
Lee Ainslie's Q2 2017 filing shows 79 new, 71 increased, 28 reduced and 31 closed positions. Its largest new stake was Molson Coors Class B: 5,081,514 shares worth $439M. The largest sale was Adobe, an estimated $405M.
By sector, the portfolio is most concentrated in Healthcare at 27% of assets, down from 30% a quarter earlier, followed by Technology and Consumer Staples.
- Lee Ainslie's largest Q2 2017 buy was Molson Coors Class B: 5,081,514 shares worth $439M.
- Lee Ainslie added most to Dollar Tree in Q2 2017, an estimated $292M increase.
- Lee Ainslie's biggest Q2 2017 reduction was Adobe, cutting an estimated $405M.
- Lee Ainslie fully exited Computer Sciences in Q2 2017, selling an estimated $181M.
- Lee Ainslie's ten largest holdings make up 52% of its $7.98B portfolio in Q2 2017.
- Lee Ainslie opened 79 new positions and closed 31 in Q2 2017.
- Lee Ainslie's portfolio value rose 1.8% quarter-over-quarter to $7.98B.
Based on Maverick Capital's 13F filing for Q2 2017, filed 14 Aug 2017.