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Lee Ainslie Maverick Capital

AUM $11.3B
1-Year Est. Return 76.6%
 

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.

This Fund
S&P 500
This Quarter Est. Return
-0.97%
1 Year Est. Return
+76.6%
3 Year Est. Return
+266.43%
5 Year Est. Return
+219.63%
10 Year Est. Return
+601.38%
AUM
$4.43B
AUM Growth
-$263M
Cap. Flow
-$172M
Cap. Flow %
-3.89%
Top 10 Hldgs %
57.25%
Holding
530
New
138
Increased
45
Reduced
113
Closed
229

Top Buys

Rank Stock Value
1
PM icon
Philip Morris
PM
+$135M
2
BABA icon
Alibaba
BABA
+$76M
3
UNP icon
Union Pacific
UNP
+$70.9M
4
ABCM
Abcam PLC
ABCM
+$44.7M
5
STX icon
Seagate
STX
+$41.1M

Top Sells

Rank Stock Value
1
NFLX icon
Netflix
NFLX
+$90.9M
2
BNY
Bank of New York Mellon
BNY
+$69.7M
3
CEG icon
Constellation Energy
CEG
+$64.4M
4
STZ icon
Constellation Brands
STZ
+$62.5M
5
NVDA icon
NVIDIA
NVDA
+$52.5M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 40.44%
2 Technology 17.92%
3 Healthcare 12.53%
4 Consumer Staples 7.21%
5 Financials 6.97%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
XYZ
26
Block Inc
XYZ
$49.4B
$41.9M 0.95%
946,070
+330,577
+54% +$20.5M
IMGN
27
DELISTED
Immunogen Inc
IMGN
$40M 0.9%
2,518,527
-1,268,371
-33% -$21.1M
MELI icon
28
Mercado Libre
MELI
$97.5B
$39.8M 0.9%
31,414
-3,287
-9% -$4.18M
PGR icon
29
Progressive
PGR
$127B
$38M 0.86%
+272,659
New +$35.9M
WVE icon
30
Wave Life Sciences
WVE
$1.04B
$37.9M 0.86%
6,594,319
-2,459
-0% -$11.2K
PTC icon
31
PTC
PTC
$16.8B
$37.5M 0.85%
+264,368
New +$37.8M
CEG icon
32
Constellation Energy
CEG
$96.7B
$36.6M 0.83%
335,616
-624,869
-65% -$64.4M
DHR icon
33
Danaher
DHR
$154B
$35.8M 0.81%
162,949
-8,981
-5% -$2M
SCHW
34
Charles Schwab
SCHW
$194B
$35.8M 0.81%
+651,706
New +$39.4M
TWLO icon
35
Twilio
TWLO
$34.6B
$35.4M 0.8%
605,661
+107,890
+22% +$6.72M
CBRE icon
36
CBRE Group
CBRE
$44B
$30.4M 0.69%
411,642
-24,312
-6% -$2.02M
USFD icon
37
US Foods
USFD
$23.7B
$30.2M 0.68%
761,960
-847,534
-53% -$35.1M
INST
38
DELISTED
Instructure Holdings, Inc.
INST
$28.7M 0.65%
1,131,367
-38,669
-3% -$1M
CNC icon
39
Centene
CNC
$32.1B
$26.5M 0.6%
384,406
– –
TSM icon
40
TSMC
TSM
$2.17T
$25.8M 0.58%
296,888
+191,259
+181% +$18.1M
CLS icon
41
Celestica
CLS
$37.4B
$19.8M 0.45%
+806,561
New +$16.5M
LRCX icon
42
Lam Research
LRCX
$393B
$17.4M 0.39%
278,120
-4,700
-2% -$309K
SWTX
43
DELISTED
SpringWorks Therapeutics
SWTX
$14.7M 0.33%
+637,760
New +$17.4M
GTACU
44
DELISTED
Global Technology Acquisition Corp. I Unit
GTACU
$13M 0.29%
1,200,000
– –
AHCO icon
45
AdaptHealth
AHCO
$751M
$11.4M 0.26%
1,251,370
-585,636
-32% -$7.02M
CMAX
46
DELISTED
CareMax, Inc. Class A Common Stock
CMAX
$10.7M 0.24%
168,959
+27,686
+20% +$1.94M
STEP icon
47
StepStone Group
STEP
$4.11B
$9.49M 0.21%
+300,519
New +$8.72M
ATRA icon
48
Atara Biotherapeutics
ATRA
$97.4M
$9.31M 0.21%
251,629
– –
IVVD icon
49
Invivyd
IVVD
$294M
$8.96M 0.2%
5,270,290
+2,931,917
+125% +$4.66M
CRIS icon
50
Curis
CRIS
$3.83M
$3.84M 0.09%
29,114
+15,261
+110% +$3.93M
1
2
3 4 5

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Lee Ainslie's Q3 2023 Portfolio in Review

As of Q3 2023, Lee Ainslie held 530 positions worth $4.43B, down 5.6% from $4.69B the previous quarter. Its ten largest holdings account for 57% of the portfolio.

Lee Ainslie withdrew a net $172M in Q3 2023, closing 229 positions and reducing 113 holdings. Its most notable exit was Netflix, an estimated $90.9M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 40% of assets, down from 41% a quarter earlier, followed by Technology and Healthcare.

Against the trend, Lee Ainslie opened a new position in Alibaba worth $72M.

  • Lee Ainslie's largest Q3 2023 buy was Alibaba: 830,459 shares worth $72M.
  • Lee Ainslie added most to Philip Morris in Q3 2023, an estimated $135M increase.
  • Lee Ainslie's biggest Q3 2023 reduction was Bank of New York Mellon, cutting an estimated $69.7M.
  • Lee Ainslie fully exited Netflix in Q3 2023, selling an estimated $90.9M.
  • Lee Ainslie's ten largest holdings make up 57% of its $4.43B portfolio in Q3 2023.
  • Lee Ainslie opened 138 new positions and closed 229 in Q3 2023.
  • Lee Ainslie's portfolio value fell 5.6% quarter-over-quarter to $4.43B.

Based on Maverick Capital's 13F filing for Q3 2023, filed 14 Nov 2023.