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 |
Seer Inc
SEER
|
+$345M |
| 2 |
Applied Materials
AMAT
|
+$164M |
| 3 |
MGM Resorts International
MGM
|
+$129M |
| 4 |
Corpay
CPAY
|
+$110M |
| 5 |
Adobe
ADBE
|
+$101M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Humana
HUM
|
+$158M |
| 2 |
Corning
GLW
|
+$146M |
| 3 |
Dollar Tree
DLTR
|
+$137M |
| 4 |
KKR & Co
KKR
|
+$77.9M |
| 5 |
DuPont de Nemours
DD
|
+$75.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 26.08% |
| 2 | Healthcare | 21.96% |
| 3 | Consumer Discretionary | 18.94% |
| 4 | Communication Services | 13.8% |
| 5 | Materials | 6.04% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
701
Dell
DELL
$286B
| – | – |
-67,960
| Closed | -$2.33M |
|
702
D.R. Horton
DHI
$41.5B
| – | – |
-795
| Closed | -$60K |
|
703
DHT Holdings
DHT
$3.2B
| – | – |
-153,740
| Closed | -$793K |
|
704
Walt Disney
DIS
$186B
| – | – |
-5,916
| Closed | -$734K |
|
705
Delek US
DK
$4.38B
| – | – |
-209
| Closed | -$2K |
|
|
706
Dollar Tree
DLTR
$25.3B
| – | – |
-1,494,709
| Closed | -$137M |
|
707
Duke Energy
DUK
$93.4B
| – | – |
-17,145
| Closed | -$1.52M |
|
708
Estee Lauder
EL
$36.9B
| – | – |
-63
| Closed | -$14K |
|
709
Edgewell Personal Care
EPC
$1.32B
| – | – |
-2,234
| Closed | -$62K |
|
710
Edwards Lifesciences
EW
$51.8B
| – | – |
-15,652
| Closed | -$1.25M |
|
|
EXAS
711
DELISTED
Exact Sciences
EXAS
| – | – |
-2,296
| Closed | -$234K |
|
712
Exelon
EXC
$45.1B
| – | – |
-82,488
| Closed | -$2.1M |
|
713
Expedia Group
EXPE
$38.6B
| – | – |
-7,969
| Closed | -$731K |
|
714
FedEx
FDX
$76.9B
| – | – |
-12,764
| Closed | -$3.21M |
|
715
First Horizon
FHN
$11.7B
| – | – |
-136,699
| Closed | -$1.29M |
|
716
Floor & Decor
FND
$5.78B
| – | – |
-68,137
| Closed | -$5.1M |
|
717
TechnipFMC
FTI
$30.4B
| – | – |
-207,617
| Closed | -$975K |
|
718
Gentex
GNTX
$4.98B
| – | – |
-37,585
| Closed | -$968K |
|
719
Genworth Financial
GNW
$3.73B
| – | – |
-110,771
| Closed | -$371K |
|
720
Global Payments
GPN
$24.7B
| – | – |
-315,536
| Closed | -$56M |
|
721
Hudbay
HBM
$13.4B
| – | – |
-254,374
| Closed | -$1.08M |
|
722
Hecla Mining
HL
$13.9B
| – | – |
-126,241
| Closed | -$641K |
|
723
Helmerich & Payne
HP
$4.35B
| – | – |
-54,049
| Closed | -$792K |
|
724
Hormel Foods
HRL
$13.1B
| – | – |
-14,764
| Closed | -$722K |
|
725
Hubbell
HUBB
$24.8B
| – | – |
-8,560
| Closed | -$1.17M |
|
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Lee Ainslie's Q4 2020 Portfolio in Review
As of Q4 2020, Lee Ainslie held 832 positions worth $6.25B, up 16% from $5.38B the previous quarter. Its ten largest holdings account for 45% of the portfolio.
Lee Ainslie's Q4 2020 filing shows 271 new, 110 increased, 277 reduced and 171 closed positions. Its largest new stake was Seer Inc: 5,425,513 shares worth $279M. The largest sale was Humana, an estimated $158M.
By sector, the portfolio is most concentrated in Technology at 26% of assets, up from 24% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- Lee Ainslie's largest Q4 2020 buy was Seer Inc: 5,425,513 shares worth $279M.
- Lee Ainslie added most to Applied Materials in Q4 2020, an estimated $164M increase.
- Lee Ainslie's biggest Q4 2020 reduction was Humana, cutting an estimated $158M.
- Lee Ainslie fully exited Dollar Tree in Q4 2020, selling an estimated $137M.
- Lee Ainslie's ten largest holdings make up 45% of its $6.25B portfolio in Q4 2020.
- Lee Ainslie opened 271 new positions and closed 171 in Q4 2020.
- Lee Ainslie's portfolio value rose 16% quarter-over-quarter to $6.25B.
Based on Maverick Capital's 13F filing for Q4 2020, filed 16 Feb 2021.