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 |
Meta Platforms (Facebook)
META
|
+$227M |
| 2 |
Dollar Tree
DLTR
|
+$160M |
| 3 |
Amazon
AMZN
|
+$137M |
| 4 |
Air Products & Chemicals
APD
|
+$57.8M |
| 5 |
Lam Research
LRCX
|
+$57.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Corpay
CPAY
|
+$242M |
| 2 |
DuPont de Nemours
DD
|
+$228M |
| 3 |
Restaurant Brands International
QSR
|
+$185M |
| 4 |
VISN
Vistance Networks Inc
VISN
|
+$176M |
| 5 |
Alibaba
BABA
|
+$135M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 22.72% |
| 2 | Communication Services | 19.37% |
| 3 | Consumer Discretionary | 18.3% |
| 4 | Technology | 15.31% |
| 5 | Materials | 7.94% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
526
Tencent Music
TME
$14.4B
| $137K | ﹤0.01% |
+10,170
| New | +$120K |
|
|
GLIBA
527
DELISTED
GCI Liberty, Inc. Class A Common Stock (DE)
GLIBA
| $127K | ﹤0.01% |
+1,783
| New | +$114K |
|
528
Casey's General Stores
CASY
$30.9B
| $112K | ﹤0.01% |
+746
| New | +$112K |
|
529
Bio-Techne
TECH
$11.3B
| $103K | ﹤0.01% |
1,556
-32,076
| -95% | -$1.92M |
|
530
Travelers Companies
TRV
$75.8B
| $103K | ﹤0.01% |
+903
| New | +$95.2K |
|
531
Duke Energy
DUK
$93.4B
| $99K | ﹤0.01% |
1,236
-1,466
| -54% | -$124K |
|
|
DNKN
532
DELISTED
Dunkin' Brands Group, Inc.
DNKN
| $99K | ﹤0.01% |
+1,517
| New | +$94.4K |
|
533
Hexcel
HXL
$7.1B
| $88K | ﹤0.01% |
1,936
-49,373
| -96% | -$1.76M |
|
534
Snap
SNAP
$8.86B
| $88K | ﹤0.01% |
3,727
-93,559
| -96% | -$1.66M |
|
|
SAVE
535
DELISTED
Spirit Airlines, Inc.
SAVE
| $80K | ﹤0.01% |
4,516
-67,715
| -94% | -$966K |
|
536
Iridium Communications
IRDM
$5.19B
| $75K | ﹤0.01% |
2,943
-35,323
| -92% | -$828K |
|
537
Prospect Capital
PSEC
$1.17B
| $75K | ﹤0.01% |
+14,682
| New | +$68.7K |
|
538
Edgewell Personal Care
EPC
$1.32B
| $74K | ﹤0.01% |
+2,378
| New | +$66.6K |
|
539
MarketAxess Holdings
MKTX
$5.71B
| $71K | ﹤0.01% |
141
-582
| -80% | -$271K |
|
|
MNDT
540
DELISTED
Mandiant, Inc. Common Stock
MNDT
| $67K | ﹤0.01% |
5,535
-352,266
| -98% | -$4.08M |
|
|
HMSY
541
DELISTED
HMS Holdings Corp.
HMSY
| $62K | ﹤0.01% |
+1,926
| New | +$55.7K |
|
|
JNPR
542
DELISTED
Juniper Networks
JNPR
| $54K | ﹤0.01% |
2,342
-5,685
| -71% | -$131K |
|
543
Inogen
INGN
$149M
| $51K | ﹤0.01% |
+1,433
| New | +$60.4K |
|
544
Philip Morris
PM
$293B
| $51K | ﹤0.01% |
722
-2,667
| -79% | -$194K |
|
545
FirstCash
FCFS
$9.77B
| $48K | ﹤0.01% |
+707
| New | +$49.8K |
|
|
IPHI
546
DELISTED
INPHI CORPORATION
IPHI
| $44K | ﹤0.01% |
+372
| New | +$39.2K |
|
547
Dollar General
DG
$27.2B
| $34K | ﹤0.01% |
180
-37,633
| -100% | -$6.81M |
|
548
TransDigm Group
TDG
$66.4B
| $27K | ﹤0.01% |
+60
| New | +$22.7K |
|
549
Xerox
XRX
$381M
| $25K | ﹤0.01% |
1,604
-2,461
| -61% | -$42.5K |
|
550
Apple
AAPL
$4.51T
| $24K | ﹤0.01% |
264
-132,928
| -100% | -$10.3M |
|
Similar funds
Lee Ainslie's Q2 2020 Portfolio in Review
As of Q2 2020, Lee Ainslie held 731 positions worth $4.75B, up 0.4% from $4.74B the previous quarter. Its ten largest holdings account for 53% of the portfolio.
Lee Ainslie withdrew a net $1.26B in Q2 2020, closing 168 positions and reducing 190 holdings. Its most notable exit was Restaurant Brands International, an estimated $185M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 23% of assets, up from 21% a quarter earlier, followed by Communication Services and Consumer Discretionary.
Against the trend, Lee Ainslie opened a new position in American Express worth $59M.
- Lee Ainslie's largest Q2 2020 buy was American Express: 619,428 shares worth $59M.
- Lee Ainslie added most to Meta Platforms (Facebook) in Q2 2020, an estimated $227M increase.
- Lee Ainslie's biggest Q2 2020 reduction was Corpay, cutting an estimated $242M.
- Lee Ainslie fully exited Restaurant Brands International in Q2 2020, selling an estimated $185M.
- Lee Ainslie's ten largest holdings make up 53% of its $4.75B portfolio in Q2 2020.
- Lee Ainslie opened 265 new positions and closed 168 in Q2 2020.
- Lee Ainslie's portfolio value rose 0.4% quarter-over-quarter to $4.75B.
Based on Maverick Capital's 13F filing for Q2 2020, filed 14 Aug 2020.