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 | |
|---|---|---|---|---|---|---|
626
Acadia Healthcare
ACHC
$2.59B
| – | – |
-1,212
| Closed | -$76K |
|
627
Analog Devices
ADI
$182B
| – | – |
-2,279
| Closed | -$392K |
|
628
ADT
ADT
$5.39B
| – | – |
-5,736
| Closed | -$62K |
|
629
Agnico Eagle Mines
AEM
$109B
| – | – |
-519
| Closed | -$31K |
|
630
American Eagle Outfitters
AEO
$2.71B
| – | – |
-26,345
| Closed | -$989K |
|
631
AGCO
AGCO
$7.48B
| – | – |
-1,670
| Closed | -$218K |
|
632
Akamai
AKAM
$15.9B
| – | – |
-1,923
| Closed | -$224K |
|
633
Antero Midstream
AM
$10.5B
| – | – |
-106,725
| Closed | -$1.11M |
|
634
AMC Global Media
AMCX
$511M
| – | – |
-1,455
| Closed | -$97K |
|
635
Advanced Micro Devices
AMD
$773B
| – | – |
-24,696
| Closed | -$2.32M |
|
636
Amgen
AMGN
$238B
| – | – |
-1,670
| Closed | -$407K |
|
637
Ameresco
AMRC
$1.13B
| – | – |
-384
| Closed | -$24K |
|
638
AutoNation
AN
$6.6B
| – | – |
-12,769
| Closed | -$1.21M |
|
639
Abercrombie & Fitch
ANF
$4.84B
| – | – |
-45,704
| Closed | -$2.12M |
|
640
AngioDynamics
ANGO
$651M
| – | – |
-4,324
| Closed | -$117K |
|
|
641
CALL
Aon
AON
$75.3B
| – | – |
-106,800
| Closed | -$25.5M |
|
|
642
Aon
AON
$75.3B
| – | – |
-215,281
| Closed | -$51.4M |
|
643
A.O. Smith
AOS
$8.57B
| – | – |
-16,197
| Closed | -$1.17M |
|
644
Air Products & Chemicals
APD
$67.9B
| – | – |
-1,347
| Closed | -$388K |
|
645
Arrow Electronics
ARW
$10.7B
| – | – |
-3,214
| Closed | -$366K |
|
646
AtriCure
ATRC
$2.49B
| – | – |
-4,267
| Closed | -$339K |
|
647
AeroVironment
AVAV
$8.14B
| – | – |
-106
| Closed | -$11K |
|
648
Avantor
AVTR
$9.78B
| – | – |
-2,534
| Closed | -$90K |
|
|
DCH
649
Dauch Corp
DCH
$1.63B
| – | – |
-18,712
| Closed | -$194K |
|
|
650
Alibaba
BABA
$286B
| – | – |
-450,109
| Closed | -$102M |
|
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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.