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 | |
|---|---|---|---|---|---|---|
676
Perrigo
PRGO
$1.98B
| $18K | ﹤0.01% |
+457
| New | +$19.6K |
|
677
Cohu
COHU
$2.57B
| $16K | ﹤0.01% |
+373
| New | +$16.4K |
|
678
Glaukos
GKOS
$10.9B
| $16K | ﹤0.01% |
+190
| New | +$16.7K |
|
679
Strategy Inc
MSTR
$47.4B
| $16K | ﹤0.01% |
+230
| New | +$16.2K |
|
680
Parker-Hannifin
PH
$126B
| $15K | ﹤0.01% |
49
-10,830
| -100% | -$3.13M |
|
681
Editas Medicine
EDIT
$478M
| $14K | ﹤0.01% |
+331
| New | +$18.9K |
|
682
Terex
TEX
$7.6B
| $13K | ﹤0.01% |
+272
| New | +$11.2K |
|
683
Kornit Digital
KRNT
$721M
| $12K | ﹤0.01% |
+120
| New | +$11.9K |
|
|
HIMS.WS
684
DELISTED
Hims & Hers Health, Inc. Warrants, each whole warrant exercisable for one Class A Common Stock at an
HIMS.WS
| $9K | ﹤0.01% |
+9,552
| New | +$62.4K |
|
685
Icon
ICLR
$13.3B
| $6K | ﹤0.01% |
+29
| New | +$5.72K |
|
686
Republic Services
RSG
$67.6B
| $5K | ﹤0.01% |
46
-6,446
| -99% | -$605K |
|
687
Stratasys
SSYS
$692M
| $4K | ﹤0.01% |
+167
| New | +$5.76K |
|
688
Norwegian Cruise Line
NCLH
$7.92B
| $1K | ﹤0.01% |
+54
| New | +$1.44K |
|
689
Advance Auto Parts
AAP
$2.57B
| – | – |
-666
| Closed | -$105K |
|
690
AbbVie
ABBV
$468B
| – | – |
-6,210
| Closed | -$665K |
|
691
Asbury Automotive
ABG
$3.86B
| – | – |
-3,096
| Closed | -$451K |
|
692
Acadia Pharmaceuticals
ACAD
$5.08B
| – | – |
-13,480
| Closed | -$721K |
|
693
AES
AES
$10.5B
| – | – |
-30,264
| Closed | -$711K |
|
694
American International
AIG
$39.8B
| – | – |
-44,613
| Closed | -$1.69M |
|
695
Albany International
AIN
$1.68B
| – | – |
-3,295
| Closed | -$242K |
|
696
Alcon
ALC
$35.6B
| – | – |
-4,327
| Closed | -$288K |
|
697
Align Technology
ALGN
$11.5B
| – | – |
-306
| Closed | -$164K |
|
698
Allegiant Air
ALGT
$2.24B
| – | – |
-1,384
| Closed | -$262K |
|
699
AMC Global Media
AMCX
$511M
| – | – |
-20,421
| Closed | -$730K |
|
700
Ametek
AME
$54.9B
| – | – |
-4,128
| Closed | -$499K |
|
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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.