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 |
NVIDIA
NVDA
|
+$100M |
| 2 |
Constellation Energy
CEG
|
+$66.6M |
| 3 |
UnitedHealth
UNH
|
+$64.1M |
| 4 |
Nu Holdings
NU
|
+$57.3M |
| 5 |
Arista Networks
ANET
|
+$36.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Avantor
AVTR
|
+$117M |
| 2 |
OSH
Oak Street Health, Inc.
OSH
|
+$116M |
| 3 |
Meta Platforms (Facebook)
META
|
+$99.7M |
| 4 |
T-Mobile US
TMUS
|
+$90.3M |
| 5 |
Crown Holdings
CCK
|
+$60.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 40.31% |
| 2 | Technology | 23.26% |
| 3 | Healthcare | 9.91% |
| 4 | Communication Services | 8.8% |
| 5 | Financials | 5.04% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
476
Crane NXT
CXT
$2.89B
| – | – |
-7,301
| Closed | -$255K |
|
477
Designer Brands
DBI
$292M
| – | – |
-16,486
| Closed | -$161K |
|
478
Dillards
DDS
$9.71B
| – | – |
-10,266
| Closed | -$3.32M |
|
479
Delek US
DK
$4.38B
| – | – |
-8,439
| Closed | -$228K |
|
480
Descartes Systems
DSGX
$6.7B
| – | – |
-4,254
| Closed | -$296K |
|
481
Dynatrace
DT
$14.2B
| – | – |
-15,425
| Closed | -$591K |
|
|
EA
482
DELISTED
Electronic Arts
EA
| – | – |
-24,079
| Closed | -$2.94M |
|
483
Encore Capital Group
ECPG
$2.15B
| – | – |
-4,817
| Closed | -$231K |
|
484
Elevance Health
ELV
$86.9B
| – | – |
-508
| Closed | -$261K |
|
485
Energizer
ENR
$1.47B
| – | – |
-26,860
| Closed | -$901K |
|
486
East-West Bancorp
EWBC
$17.8B
| – | – |
-3,998
| Closed | -$263K |
|
487
Exponent
EXPO
$3.34B
| – | – |
-2,469
| Closed | -$245K |
|
488
Extra Space Storage
EXR
$31B
| – | – |
-6,280
| Closed | -$924K |
|
|
FL
489
DELISTED
Foot Locker
FL
| – | – |
-115,164
| Closed | -$4.35M |
|
490
Fluor
FLR
$7.01B
| – | – |
-9,693
| Closed | -$336K |
|
491
Genesco
GCO
$390M
| – | – |
-18,767
| Closed | -$864K |
|
492
The GEO Group
GEO
$4.31B
| – | – |
-97,232
| Closed | -$1.06M |
|
|
GES
493
DELISTED
Guess Inc
GES
| – | – |
-101,883
| Closed | -$2.11M |
|
494
Alphabet (Google) Class C
GOOG
$4.18T
| – | – |
-194,734
| Closed | -$17.3M |
|
|
495
Alphabet (Google) Class A
GOOGL
$4.22T
| – | – |
-11,980
| Closed | -$1.06M |
|
496
Gran Tierra Energy
GTE
$351M
| – | – |
-24,671
| Closed | -$244K |
|
497
Hyatt Hotels
H
$17B
| – | – |
-5,649
| Closed | -$511K |
|
498
Hain Celestial
HAIN
$71.6M
| – | – |
-59,917
| Closed | -$969K |
|
499
Home Depot
HD
$335B
| – | – |
-1,008
| Closed | -$318K |
|
500
Honeywell
HON
$68.4B
| – | – |
-4,671
| Closed | -$943K |
|
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Lee Ainslie's Q1 2023 Portfolio in Review
As of Q1 2023, Lee Ainslie held 571 positions worth $3.95B, down 6.4% from $4.22B the previous quarter. Its ten largest holdings account for 57% of the portfolio.
Lee Ainslie withdrew a net $730M in Q1 2023, closing 122 positions and reducing 94 holdings. Its most notable exit was Avantor, an estimated $117M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 40% of assets, up from 38% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Lee Ainslie opened a new position in NVIDIA worth $129M.
- Lee Ainslie's largest Q1 2023 buy was NVIDIA: 4,637,530 shares worth $129M.
- Lee Ainslie added most to UnitedHealth in Q1 2023, an estimated $64.1M increase.
- Lee Ainslie's biggest Q1 2023 reduction was Meta Platforms (Facebook), cutting an estimated $99.7M.
- Lee Ainslie fully exited Avantor in Q1 2023, selling an estimated $117M.
- Lee Ainslie's ten largest holdings make up 57% of its $3.95B portfolio in Q1 2023.
- Lee Ainslie opened 194 new positions and closed 122 in Q1 2023.
- Lee Ainslie's portfolio value fell 6.4% quarter-over-quarter to $3.95B.
Based on Maverick Capital's 13F filing for Q1 2023, filed 15 May 2023.