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 |
XYZ
Block Inc
XYZ
|
+$49.7M |
| 2 |
WillScot Mobile Mini Holdings
WSC
|
+$27.9M |
| 3 |
OSH
Oak Street Health, Inc.
OSH
|
+$26.7M |
| 4 |
Carvana
CVNA
|
+$23.6M |
| 5 |
COUP
Coupa Software Incorporated
COUP
|
+$23.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Coupang
CPNG
|
+$181M |
| 2 |
ATVI
Activision Blizzard
ATVI
|
+$105M |
| 3 |
Lam Research
LRCX
|
+$81.3M |
| 4 |
Academy Sports + Outdoors
ASO
|
+$81.2M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$72.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 40.76% |
| 2 | Technology | 18.44% |
| 3 | Healthcare | 12.74% |
| 4 | Communication Services | 9.74% |
| 5 | Financials | 8.39% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Mastercard
MA
$522B
| $53.8M | 0.95% |
150,536
-57,813
| -28% | -$20.8M |
|
|
CANO
27
DELISTED
Cano Health, Inc.
CANO
| $53M | 0.93% |
83,500
| – | – |
|
28
Seer Inc
SEER
$114M
| $50.2M | 0.88% |
3,293,439
+163,550
| +5% | +$2.53M |
|
29
Expedia Group
EXPE
$40.3B
| $50M | 0.88% |
255,489
-47,662
| -16% | -$8.92M |
|
30
Snowflake
SNOW
$113B
| $43.6M | 0.77% |
190,499
+26,489
| +16% | +$6.85M |
|
31
US Foods
USFD
$23.6B
| $39.3M | 0.69% |
1,043,947
-514,403
| -33% | -$18.8M |
|
|
ASZ.U
32
DELISTED
Austerlitz Acquisition Corporation II Units, each consisting of one Class A ordinary share and one-fourth of one redeemable warrant
ASZ.U
| $39.2M | 0.69% |
3,956,790
| – | – |
|
33
MGM Resorts International
MGM
$11B
| $38.8M | 0.68% |
925,192
-560,386
| -38% | -$24.1M |
|
34
Ball Corp
BALL
$17B
| $38.4M | 0.67% |
426,516
-170,353
| -29% | -$15.5M |
|
35
LivaNova
LIVN
$4.33B
| $38M | 0.67% |
463,997
-41,027
| -8% | -$3.19M |
|
|
CCC
36
CCC Intelligent Solutions
CCC
$4.41B
| $34.6M | 0.61% |
3,137,836
| – | – |
|
37
Rocket Pharmaceuticals
RCKT
$382M
| $33.8M | 0.59% |
2,133,166
+238,200
| +13% | +$4.12M |
|
|
CMAX
38
DELISTED
CareMax, Inc. Class A Common Stock
CMAX
| $32.2M | 0.57% |
143,889
| – | – |
|
39
NVIDIA
NVDA
$5.09T
| $32.2M | 0.57% |
1,179,630
-327,970
| -22% | -$8.23M |
|
40
PUT
Credit Acceptance
CACC
$6.26B
| $30.3M | 0.53% |
55,000
-12,500
| -19% | -$6.81M |
|
|
DGNU
41
DELISTED
Dragoneer Growth Opportunities Corp. III Class A Ordinary Shares
DGNU
| $29.4M | 0.52% |
3,000,000
| – | – |
|
|
42
WillScot Mobile Mini Holdings
WSC
$4.04B
| $29M | 0.51% |
+742,185
| New | +$27.9M |
|
|
IS
43
DELISTED
ironSource Ltd.
IS
| $28.8M | 0.51% |
6,000,000
| – | – |
|
|
INST
44
DELISTED
Instructure Holdings, Inc.
INST
| $27.8M | 0.49% |
1,383,777
+114,277
| +9% | +$2.48M |
|
45
Datadog
DDOG
$82.5B
| $26.4M | 0.46% |
174,110
+36,170
| +26% | +$5.29M |
|
|
OHPAU
46
DELISTED
Orion Acquisition Corp. Unit
OHPAU
| $26.2M | 0.46% |
2,672,349
| – | – |
|
47
Nektar Therapeutics
NKTR
$2.49B
| $25.8M | 0.45% |
319,528
-68,646
| -18% | -$10.2M |
|
48
Rivian
RIVN
$24.3B
| $25.1M | 0.44% |
500,000
| – | – |
|
|
JWSM
49
DELISTED
Jaws Mustang Acquisition Corp.
JWSM
| $23.4M | 0.41% |
2,381,170
| – | – |
|
50
Match Group
MTCH
$9.5B
| $23.2M | 0.41% |
213,233
+54,403
| +34% | +$6.01M |
|
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Lee Ainslie's Q1 2022 Portfolio in Review
As of Q1 2022, Lee Ainslie held 418 positions worth $5.69B, down 36% from $8.85B the previous quarter. Its ten largest holdings account for 55% of the portfolio.
Lee Ainslie withdrew a net $1.31B in Q1 2022, closing 191 positions and reducing 37 holdings. Its most notable exit was Activision Blizzard, an estimated $105M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 41% of assets, down from 44% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Lee Ainslie opened a new position in Block Inc worth $55.7M.
- Lee Ainslie's largest Q1 2022 buy was Block Inc: 410,460 shares worth $55.7M.
- Lee Ainslie added most to Oak Street Health, Inc. in Q1 2022, an estimated $26.7M increase.
- Lee Ainslie's biggest Q1 2022 reduction was Coupang, cutting an estimated $181M.
- Lee Ainslie fully exited Activision Blizzard in Q1 2022, selling an estimated $105M.
- Lee Ainslie's ten largest holdings make up 55% of its $5.69B portfolio in Q1 2022.
- Lee Ainslie opened 110 new positions and closed 191 in Q1 2022.
- Lee Ainslie's portfolio value fell 36% quarter-over-quarter to $5.69B.
Based on Maverick Capital's 13F filing for Q1 2022, filed 16 May 2022.