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 | |
|---|---|---|---|---|---|---|
651
Copa Holdings
CPA
$5.88B
| $45K | ﹤0.01% |
+558
| New | +$46.4K |
|
652
Allegion
ALLE
$13.8B
| $44K | ﹤0.01% |
+351
| New | +$40.5K |
|
653
Cardlytics
CDLX
$25.3M
| $42K | ﹤0.01% |
+38
| New | +$50.2K |
|
654
Atmos Energy
ATO
$28.2B
| $39K | ﹤0.01% |
+392
| New | +$35.7K |
|
655
Coherent
COHR
$56.7B
| $37K | ﹤0.01% |
535
-7,758
| -94% | -$637K |
|
656
Take-Two Interactive
TTWO
$44.8B
| $34K | ﹤0.01% |
+190
| New | +$36K |
|
|
PRAH
657
DELISTED
PRA Health Sciences, Inc.
PRAH
| $34K | ﹤0.01% |
+224
| New | +$30.4K |
|
|
EXAS
658
DELISTED
Exact Sciences
EXAS
| $30K | ﹤0.01% |
+224
| New | +$30.7K |
|
659
OneMain Financial
OMF
$7.27B
| $28K | ﹤0.01% |
523
-1,296
| -71% | -$66.9K |
|
660
Amgen
AMGN
$238B
| $27K | ﹤0.01% |
+109
| New | +$26K |
|
|
DFS
661
DELISTED
Discover Financial Services
DFS
| $27K | ﹤0.01% |
281
-109
| -28% | -$10.3K |
|
662
Resideo Technologies
REZI
$3.08B
| $27K | ﹤0.01% |
+954
| New | +$25.2K |
|
663
Kinder Morgan
KMI
$69B
| $25K | ﹤0.01% |
1,515
-67,660
| -98% | -$1.03M |
|
664
Magna International
MGA
$19.5B
| $25K | ﹤0.01% |
289
-3,547
| -92% | -$288K |
|
665
Tronox
TROX
$888M
| $25K | ﹤0.01% |
+1,349
| New | +$23.5K |
|
|
RETA
666
DELISTED
Reata Pharmaceuticals, Inc. Class A Common Stock
RETA
| $24K | ﹤0.01% |
+238
| New | +$27.8K |
|
667
McKesson
MCK
$100B
| $22K | ﹤0.01% |
115
-123
| -52% | -$22.5K |
|
668
Avantor
AVTR
$9.78B
| $21K | ﹤0.01% |
735
-923,563
| -100% | -$26.7M |
|
669
International Paper
IP
$22B
| $21K | ﹤0.01% |
403
-914
| -69% | -$44.5K |
|
|
NSTG
670
DELISTED
NanoString Technologies, Inc.
NSTG
| $21K | ﹤0.01% |
+315
| New | +$22.1K |
|
671
Mettler-Toledo International
MTD
$28B
| $20K | ﹤0.01% |
17
| – | – |
|
672
Mondelez International
MDLZ
$82.3B
| $19K | ﹤0.01% |
330
-80
| -20% | -$4.52K |
|
673
Canadian National Railway
CNI
$78.5B
| $18K | ﹤0.01% |
153
-1,853
| -92% | -$206K |
|
674
Idexx Laboratories
IDXX
$43.9B
| $18K | ﹤0.01% |
37
-75
| -67% | -$37.6K |
|
675
The Mosaic Company
MOS
$7.76B
| $18K | ﹤0.01% |
575
-200
| -26% | -$5.9K |
|
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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.