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 |
Centene
CNC
|
+$234M |
| 2 |
Jones Lang LaSalle
JLL
|
+$172M |
| 3 |
CANO
Cano Health, Inc.
CANO
|
+$113M |
| 4 |
Carvana
CVNA
|
+$84.7M |
| 5 |
IS
ironSource Ltd.
IS
|
+$64.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Applied Materials
AMAT
|
+$89.8M |
| 2 |
Alnylam Pharmaceuticals
ALNY
|
+$73.8M |
| 3 |
Alphabet (Google) Class C
GOOG
|
+$73.3M |
| 4 |
Lam Research
LRCX
|
+$73M |
| 5 |
Amazon
AMZN
|
+$71.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 52.76% |
| 2 | Healthcare | 15.32% |
| 3 | Technology | 11.25% |
| 4 | Communication Services | 7.75% |
| 5 | Financials | 5.35% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
601
Oceaneering
OII
$5.28B
| $57K | ﹤0.01% |
+3,654
| New | +$50.9K |
|
|
ETRN
602
DELISTED
Equitrans Midstream Corporation Common Stock
ETRN
| $57K | ﹤0.01% |
+6,748
| New | +$57.2K |
|
603
GoPro
GPRO
$116M
| $56K | ﹤0.01% |
4,778
-5,652
| -54% | -$63.8K |
|
604
Willis Towers Watson
WTW
$31.8B
| $53K | ﹤0.01% |
229
-136
| -37% | -$33.8K |
|
605
Energizer
ENR
$1.47B
| $50K | ﹤0.01% |
1,153
-38,791
| -97% | -$1.82M |
|
606
Allegion
ALLE
$13.8B
| $49K | ﹤0.01% |
351
| – | – |
|
607
CDW
CDW
$17.2B
| $49K | ﹤0.01% |
280
-379
| -58% | -$65.3K |
|
608
Zoetis
ZTS
$32.1B
| $49K | ﹤0.01% |
264
-8,808
| -97% | -$1.53M |
|
609
Kinder Morgan
KMI
$69B
| $48K | ﹤0.01% |
2,622
+1,107
| +73% | +$19.7K |
|
610
Lincoln National
LNC
$8.07B
| $48K | ﹤0.01% |
+767
| New | +$50.6K |
|
611
MasTec
MTZ
$21.4B
| $48K | ﹤0.01% |
+455
| New | +$49.4K |
|
612
Mattel
MAT
$4.15B
| $47K | ﹤0.01% |
2,361
-2,083
| -47% | -$43K |
|
613
MSCI
MSCI
$41B
| $47K | ﹤0.01% |
89
-79
| -47% | -$37.7K |
|
614
Perrigo
PRGO
$1.98B
| $47K | ﹤0.01% |
1,034
+577
| +126% | +$25.6K |
|
615
Target
TGT
$75.1B
| $47K | ﹤0.01% |
193
-229
| -54% | -$50.1K |
|
616
Magna International
MGA
$19.5B
| $46K | ﹤0.01% |
498
+209
| +72% | +$19.9K |
|
617
UFP Industries
UFPI
$4.9B
| $44K | ﹤0.01% |
+595
| New | +$47K |
|
618
Marriott Vacations Worldwide
VAC
$3.87B
| $44K | ﹤0.01% |
+278
| New | +$47.6K |
|
619
McKesson
MCK
$100B
| $43K | ﹤0.01% |
227
+112
| +97% | +$21.6K |
|
620
Mettler-Toledo International
MTD
$28B
| $43K | ﹤0.01% |
31
+14
| +82% | +$18.1K |
|
621
Polaris
PII
$3.66B
| $43K | ﹤0.01% |
317
-108
| -25% | -$14.6K |
|
622
Yelp
YELP
$1.27B
| $43K | ﹤0.01% |
+1,077
| New | +$42.8K |
|
|
THS
623
DELISTED
Treehouse Foods
THS
| $42K | ﹤0.01% |
940
-596
| -39% | -$29.4K |
|
624
Alcoa
AA
$13.7B
| $41K | ﹤0.01% |
1,117
-17,153
| -94% | -$624K |
|
625
Domino's
DPZ
$11.3B
| $41K | ﹤0.01% |
88
-101
| -53% | -$42.8K |
|
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Lee Ainslie's Q2 2021 Portfolio in Review
As of Q2 2021, Lee Ainslie held 915 positions worth $10.6B, down 1.9% from $10.9B the previous quarter. Its ten largest holdings account for 60% of the portfolio.
Lee Ainslie's Q2 2021 filing shows 227 new, 218 increased, 210 reduced and 254 closed positions. Its largest new stake was Centene: 3,416,815 shares worth $249M. The largest sale was Applied Materials, an estimated $89.8M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 53% of assets, down from 55% a quarter earlier, followed by Healthcare and Technology.
- Lee Ainslie's largest Q2 2021 buy was Centene: 3,416,815 shares worth $249M.
- Lee Ainslie added most to Carvana in Q2 2021, an estimated $84.7M increase.
- Lee Ainslie's biggest Q2 2021 reduction was Applied Materials, cutting an estimated $89.8M.
- Lee Ainslie fully exited Fidelity National Information Services in Q2 2021, selling an estimated $63.1M.
- Lee Ainslie's ten largest holdings make up 60% of its $10.6B portfolio in Q2 2021.
- Lee Ainslie opened 227 new positions and closed 254 in Q2 2021.
- Lee Ainslie's portfolio value fell 1.9% quarter-over-quarter to $10.6B.
Based on Maverick Capital's 13F filing for Q2 2021, filed 16 Aug 2021.