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 |
Visa
V
|
+$121M |
| 2 |
Workday
WDAY
|
+$100M |
| 3 |
Lam Research
LRCX
|
+$60M |
| 4 |
Rocket Pharmaceuticals
RCKT
|
+$54.1M |
| 5 |
Sea Limited
SE
|
+$52.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Coupang
CPNG
|
+$201M |
| 2 |
Alibaba
BABA
|
+$102M |
| 3 |
Meta Platforms (Facebook)
META
|
+$56.4M |
| 4 |
Alnylam Pharmaceuticals
ALNY
|
+$54.2M |
| 5 |
Aon
AON
|
+$51.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 40.52% |
| 2 | Healthcare | 15.55% |
| 3 | Technology | 14.19% |
| 4 | Communication Services | 7.61% |
| 5 | Financials | 5.93% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
551
MSCI
MSCI
$41B
| $158K | ﹤0.01% |
259
+170
| +191% | +$104K |
|
552
Amkor Technology
AMKR
$12.5B
| $157K | ﹤0.01% |
6,276
-658
| -9% | -$16.8K |
|
553
ACM Research
ACMR
$5.53B
| $156K | ﹤0.01% |
4,263
+762
| +22% | +$23.3K |
|
554
Melco Resorts & Entertainment
MLCO
$2.09B
| $152K | ﹤0.01% |
14,795
+10,848
| +275% | +$143K |
|
555
Western Union
WU
$2.28B
| $151K | ﹤0.01% |
7,468
-2,579
| -26% | -$57K |
|
|
VRNT
556
DELISTED
Verint Systems
VRNT
| $150K | ﹤0.01% |
+3,354
| New | +$146K |
|
557
Berkshire Hathaway Class B
BRK.B
$1.06T
| $149K | ﹤0.01% |
545
-7,495
| -93% | -$2.11M |
|
558
Calix
CALX
$2.53B
| $146K | ﹤0.01% |
2,948
+1,721
| +140% | +$79.4K |
|
559
Middleby
MIDD
$5.22B
| $145K | ﹤0.01% |
+848
| New | +$153K |
|
560
Hilton Grand Vacations
HGV
$3.51B
| $144K | ﹤0.01% |
3,029
-24,075
| -89% | -$1.02M |
|
|
PRFT
561
DELISTED
Perficient Inc
PRFT
| $139K | ﹤0.01% |
+1,200
| New | +$123K |
|
562
Nasdaq
NDAQ
$54.9B
| $138K | ﹤0.01% |
+2,151
| New | +$135K |
|
563
Alaska Air
ALK
$4.51B
| $133K | ﹤0.01% |
+2,262
| New | +$130K |
|
|
DFS
564
DELISTED
Discover Financial Services
DFS
| $130K | ﹤0.01% |
+1,061
| New | +$133K |
|
565
Atkore
ATKR
$3.16B
| $125K | ﹤0.01% |
+1,443
| New | +$120K |
|
566
Synchrony
SYF
$25.9B
| $123K | ﹤0.01% |
2,526
-10,665
| -81% | -$518K |
|
567
Signet Jewelers
SIG
$3.16B
| $120K | ﹤0.01% |
+1,521
| New | +$112K |
|
568
Monro
MNRO
$392M
| $119K | ﹤0.01% |
+2,061
| New | +$121K |
|
569
QuidelOrtho
QDEL
$1.01B
| $119K | ﹤0.01% |
841
-6,866
| -89% | -$923K |
|
|
SWN
570
DELISTED
Southwestern Energy Company
SWN
| $119K | ﹤0.01% |
21,566
-3,681
| -15% | -$18K |
|
571
Invesco
IVZ
$14.1B
| $118K | ﹤0.01% |
4,877
-10,400
| -68% | -$260K |
|
572
Werner Enterprises
WERN
$2.33B
| $117K | ﹤0.01% |
2,633
-15,245
| -85% | -$698K |
|
|
MRO
573
DELISTED
Marathon Oil Corporation
MRO
| $112K | ﹤0.01% |
8,157
-141,867
| -95% | -$1.71M |
|
574
Alphatec Holdings
ATEC
$1.46B
| $111K | ﹤0.01% |
+9,076
| New | +$127K |
|
|
HBI
575
DELISTED
Hanesbrands
HBI
| $109K | ﹤0.01% |
6,381
-292,450
| -98% | -$5.48M |
|
Similar funds
Lee Ainslie's Q3 2021 Portfolio in Review
As of Q3 2021, Lee Ainslie held 869 positions worth $9.92B, down 6.9% from $10.6B the previous quarter. Its ten largest holdings account for 52% of the portfolio.
Lee Ainslie deployed $866M of net new capital in Q3 2021, opening 208 new positions and adding to 234 existing holdings. Its largest new stake was Instructure Holdings, Inc.: 1,250,000 shares worth $28.2M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 41% of assets, down from 53% a quarter earlier, followed by Healthcare and Technology.
On the sell side, the largest reduction was Coupang, an estimated $201M trimmed.
- Lee Ainslie's largest Q3 2021 buy was Instructure Holdings, Inc.: 1,250,000 shares worth $28.2M.
- Lee Ainslie added most to Visa in Q3 2021, an estimated $121M increase.
- Lee Ainslie's biggest Q3 2021 reduction was Coupang, cutting an estimated $201M.
- Lee Ainslie fully exited Alibaba in Q3 2021, selling an estimated $102M.
- Lee Ainslie's ten largest holdings make up 52% of its $9.92B portfolio in Q3 2021.
- Lee Ainslie opened 208 new positions and closed 244 in Q3 2021.
- Lee Ainslie's portfolio value fell 6.9% quarter-over-quarter to $9.92B.
Based on Maverick Capital's 13F filing for Q3 2021, filed 15 Nov 2021.