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 |
EA
Electronic Arts
EA
|
+$96.5M |
| 2 |
GFL Environmental
GFL
|
+$92.9M |
| 3 |
QuidelOrtho
QDEL
|
+$79.1M |
| 4 |
Astera Labs
ALAB
|
+$73.9M |
| 5 |
Natera
NTRA
|
+$60.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Coupang
CPNG
|
+$307M |
| 2 |
Constellation Brands
STZ
|
+$86.1M |
| 3 |
Domino's
DPZ
|
+$76.7M |
| 4 |
IMGN
Immunogen Inc
IMGN
|
+$73.9M |
| 5 |
Meta Platforms (Facebook)
META
|
+$70.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 32.34% |
| 2 | Technology | 17.7% |
| 3 | Healthcare | 16.82% |
| 4 | Financials | 10.98% |
| 5 | Real Estate | 5.15% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
26
Natera
NTRA
$47.2B
| $73M | 1.37% |
+798,682
| New | +$60.1M |
|
27
TSMC
TSM
$2.12T
| $68.6M | 1.29% |
504,022
+8,310
| +2% | +$1.03M |
|
|
28
QuidelOrtho
QDEL
$985M
| $65M | 1.22% |
+1,356,251
| New | +$79.1M |
|
29
Mercado Libre
MELI
$100B
| $61.6M | 1.16% |
40,765
+9,720
| +31% | +$15.9M |
|
30
Danaher
DHR
$152B
| $55M | 1.03% |
220,195
-67,921
| -24% | -$16.6M |
|
31
Starbucks
SBUX
$123B
| $53.7M | 1.01% |
587,158
+550,280
| +1,492% | +$51.2M |
|
32
Advanced Micro Devices
AMD
$751B
| $52.4M | 0.98% |
290,269
+284,610
| +5,029% | +$49.8M |
|
33
Invivyd
IVVD
$272M
| $52.2M | 0.98% |
11,765,787
+2,421,838
| +26% | +$10M |
|
|
34
Domino's
DPZ
$11.5B
| $51M | 0.96% |
102,556
-176,690
| -63% | -$76.7M |
|
35
Twilio
TWLO
$34B
| $48.9M | 0.92% |
798,989
+203,102
| +34% | +$13.4M |
|
36
Wave Life Sciences
WVE
$1.01B
| $47.4M | 0.89% |
7,688,079
-759,725
| -9% | -$3.8M |
|
37
Viridian Therapeutics
VRDN
$2.73B
| $47.1M | 0.89% |
2,692,414
+366,573
| +16% | +$7.11M |
|
38
Humana
HUM
$45.8B
| $47.1M | 0.89% |
135,837
-101,814
| -43% | -$38.6M |
|
39
Sotera Health
SHC
$5.44B
| $42.8M | 0.81% |
+3,567,120
| New | +$53.1M |
|
40
Nasdaq
NDAQ
$55.3B
| $39.7M | 0.75% |
+629,193
| New | +$36.4M |
|
41
T-Mobile US
TMUS
$198B
| $37.7M | 0.71% |
230,720
-149,583
| -39% | -$24.3M |
|
42
Estee Lauder
EL
$37.2B
| $34.3M | 0.65% |
222,665
+213,230
| +2,260% | +$30.2M |
|
43
Wayfair
W
$14.1B
| $33.5M | 0.63% |
+493,710
| New | +$27.9M |
|
44
Coherent
COHR
$53.9B
| $33.2M | 0.62% |
+548,133
| New | +$30.1M |
|
45
Fractyl Health
GUTS
$119M
| $31.5M | 0.59% |
+4,254,668
| New | +$35.8M |
|
46
Planet Fitness
PLNT
$4.1B
| $31.3M | 0.59% |
+500,371
| New | +$33.5M |
|
47
Centene
CNC
$32.2B
| $30.2M | 0.57% |
384,406
| – | – |
|
48
Lam Research
LRCX
$383B
| $28.6M | 0.54% |
294,620
+17,560
| +6% | +$1.54M |
|
|
VRNA
49
DELISTED
Verona Pharma
VRNA
| $28.6M | 0.54% |
1,775,809
+119,317
| +7% | +$2.06M |
|
50
CALL
HDFC Bank
HDB
$121B
| $27.4M | 0.52% |
+979,600
| New | +$27.8M |
|
Similar funds
Lee Ainslie's Q1 2024 Portfolio in Review
As of Q1 2024, Lee Ainslie held 573 positions worth $5.32B, up 6.9% from $4.98B the previous quarter. Its ten largest holdings account for 45% of the portfolio.
Lee Ainslie withdrew a net $210M in Q1 2024, closing 168 positions and reducing 68 holdings. Its most notable exit was Immunogen Inc, an estimated $73.9M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 32% of assets, down from 36% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Lee Ainslie opened a new position in Electronic Arts worth $93.2M.
- Lee Ainslie's largest Q1 2024 buy was Electronic Arts: 702,830 shares worth $93.2M.
- Lee Ainslie added most to Starbucks in Q1 2024, an estimated $51.2M increase.
- Lee Ainslie's biggest Q1 2024 reduction was Coupang, cutting an estimated $307M.
- Lee Ainslie fully exited Immunogen Inc in Q1 2024, selling an estimated $73.9M.
- Lee Ainslie's ten largest holdings make up 45% of its $5.32B portfolio in Q1 2024.
- Lee Ainslie opened 225 new positions and closed 168 in Q1 2024.
- Lee Ainslie's portfolio value rose 6.9% quarter-over-quarter to $5.32B.
Based on Maverick Capital's 13F filing for Q1 2024, filed 15 May 2024.