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 |
Coupang
CPNG
|
+$5.11B |
| 2 |
T-Mobile US
TMUS
|
+$145M |
| 3 |
Amazon
AMZN
|
+$116M |
| 4 |
LPL Financial
LPLA
|
+$108M |
| 5 |
International Flavors & Fragrances
IFF
|
+$103M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DuPont de Nemours
DD
|
+$314M |
| 2 |
Meta Platforms (Facebook)
META
|
+$220M |
| 3 |
Applied Materials
AMAT
|
+$190M |
| 4 |
Lam Research
LRCX
|
+$152M |
| 5 |
Alibaba
BABA
|
+$150M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 55.3% |
| 2 | Healthcare | 12.47% |
| 3 | Technology | 11.12% |
| 4 | Communication Services | 7.76% |
| 5 | Financials | 5.61% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
626
ConocoPhillips
COP
$162B
| $67K | ﹤0.01% |
+1,261
| New | +$62.1K |
|
627
Edison International
EIX
$27.5B
| $67K | ﹤0.01% |
1,144
-7,962
| -87% | -$467K |
|
628
General Mills
GIS
$21.4B
| $67K | ﹤0.01% |
1,086
-21,258
| -95% | -$1.23M |
|
629
Cognizant
CTSH
$27.9B
| $66K | ﹤0.01% |
+841
| New | +$65K |
|
630
SPS Commerce
SPSC
$2.92B
| $66K | ﹤0.01% |
+669
| New | +$70.7K |
|
631
Elastic
ESTC
$8.93B
| $65K | ﹤0.01% |
+582
| New | +$82.7K |
|
632
OrthoPediatrics
KIDS
$670M
| $65K | ﹤0.01% |
+1,338
| New | +$64.2K |
|
633
HCA Healthcare
HCA
$92.9B
| $64K | ﹤0.01% |
342
-15,980
| -98% | -$2.82M |
|
634
Suncor Energy
SU
$80B
| $64K | ﹤0.01% |
+3,052
| New | +$59.8K |
|
|
PLAN
635
DELISTED
Anaplan, Inc.
PLAN
| $64K | ﹤0.01% |
1,190
+643
| +118% | +$43.4K |
|
636
Procter & Gamble
PG
$336B
| $58K | ﹤0.01% |
429
-212
| -33% | -$27.7K |
|
637
Red Rock Resorts
RRR
$3.61B
| $58K | ﹤0.01% |
+1,777
| New | +$51.5K |
|
638
Polaris
PII
$3.66B
| $57K | ﹤0.01% |
425
-2,189
| -84% | -$267K |
|
639
Zurn Elkay Water Solutions
ZWS
$8.13B
| $57K | ﹤0.01% |
+2,506
| New | +$53.8K |
|
640
Cerence
CRNC
$365M
| $56K | ﹤0.01% |
+621
| New | +$68.3K |
|
641
Dine Brands
DIN
$454M
| $56K | ﹤0.01% |
+626
| New | +$48.7K |
|
642
Evergy
EVRG
$18.7B
| $55K | ﹤0.01% |
918
-10,975
| -92% | -$607K |
|
643
Beam Therapeutics
BEAM
$3.07B
| $54K | ﹤0.01% |
+678
| New | +$64.5K |
|
644
Freeport-McMoran
FCX
$110B
| $54K | ﹤0.01% |
1,640
-17,145
| -91% | -$556K |
|
|
JBTM
645
JBT Marel
JBTM
$6.06B
| $54K | ﹤0.01% |
+405
| New | +$53.2K |
|
646
Moelis & Co
MC
$5.06B
| $53K | ﹤0.01% |
+973
| New | +$52.1K |
|
|
VRNT
647
DELISTED
Verint Systems
VRNT
| $50K | ﹤0.01% |
1,105
-10,983
| -91% | -$491K |
|
648
NOV
NOV
$7.28B
| $49K | ﹤0.01% |
+3,590
| New | +$52.1K |
|
649
AGCO
AGCO
$7.48B
| $48K | ﹤0.01% |
336
-2,364
| -88% | -$295K |
|
650
Old Dominion Freight Line
ODFL
$42.8B
| $47K | ﹤0.01% |
394
-12,130
| -97% | -$1.3M |
|
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Lee Ainslie's Q1 2021 Portfolio in Review
As of Q1 2021, Lee Ainslie held 930 positions worth $10.9B, up 74% from $6.25B the previous quarter. Its ten largest holdings account for 65% of the portfolio.
Lee Ainslie deployed $4.39B of net new capital in Q1 2021, opening 269 new positions and adding to 166 existing holdings. Its largest new stake was Coupang: 110,527,590 shares worth $5.03B.
By sector, the portfolio is most concentrated in Consumer Discretionary at 55% of assets, up from 19% a quarter earlier, followed by Healthcare and Technology.
On the sell side, the largest reduction was DuPont de Nemours, an estimated $314M trimmed.
- Lee Ainslie's largest Q1 2021 buy was Coupang: 110,527,590 shares worth $5.03B.
- Lee Ainslie added most to Amazon in Q1 2021, an estimated $116M increase.
- Lee Ainslie's biggest Q1 2021 reduction was DuPont de Nemours, cutting an estimated $314M.
- Lee Ainslie fully exited Perspecta Inc. Common Stock in Q1 2021, selling an estimated $110M.
- Lee Ainslie's ten largest holdings make up 65% of its $10.9B portfolio in Q1 2021.
- Lee Ainslie opened 269 new positions and closed 242 in Q1 2021.
- Lee Ainslie's portfolio value rose 74% quarter-over-quarter to $10.9B.
Based on Maverick Capital's 13F filing for Q1 2021, filed 17 May 2021.