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Lee Ainslie Maverick Capital

AUM $11.3B
1-Year Est. Return 76.6%
 

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.

This Fund
S&P 500
This Quarter Est. Return
+4.44%
1 Year Est. Return
+76.6%
3 Year Est. Return
+266.43%
5 Year Est. Return
+219.63%
10 Year Est. Return
+601.38%
AUM
$6.97B
AUM Growth
-$181M
Cap. Flow
-$443M
Cap. Flow %
-6.35%
Top 10 Hldgs %
48.34%
Holding
67
New
17
Increased
13
Reduced
16
Closed
18

Top Buys

Rank Stock Value
1
DG icon
Dollar General
DG
+$333M
2
MCK icon
McKesson
MCK
+$306M
3
ALSN icon
Allison Transmission
ALSN
+$193M
4
ABBV icon
AbbVie
ABBV
+$170M
5
SC
SANTANDER CONSUMER USA HOLDINGS INC
SC
+$141M

Top Sells

Rank Stock Value
1
HD icon
Home Depot
HD
+$257M
2
COF icon
Capital One
COF
+$251M
3
CTRX
CATAMARAN CORP COM STK (CDA)
CTRX
+$227M
4
CTXS
Citrix Systems Inc
CTXS
+$227M
5
RL icon
Ralph Lauren
RL
+$199M

Sector Composition

Rank Sector Weight
1 Healthcare 22.84%
2 Technology 17.66%
3 Financials 8.85%
4 Communication Services 8.04%
5 Industrials 7.78%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
KMX icon
51
CarMax
KMX
$8.82B
– –
-737,850
Closed -$34.5M
NOV icon
52
NOV
NOV
$7.28B
– –
-1,890,125
Closed -$133M
NVS icon
53
Novartis
NVS
$302B
– –
-392,363
Closed -$29.9M
TXT icon
54
Textron
TXT
$14.3B
– –
-2,553,219
Closed -$100M
NBIS
55
Nebius Group N.V.
NBIS
$59.6B
– –
-4,397,460
Closed -$133M
MDRX
56
DELISTED
Veradigm Inc. Common Stock
MDRX
– –
-5,255,290
Closed -$94.8M
CTXS
57
DELISTED
Citrix Systems Inc
CTXS
– –
-4,952,414
Closed -$227M
TFCFA
58
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
– –
-4,044,666
Closed -$129M
RBS.PRS.CL
59
DELISTED
The Royal Bank Of Scotland Group
RBS.PRS.CL
– –
-47,881
Closed -$1.11M
COF.WS
60
DELISTED
Capital One Financial Corp
COF.WS
– –
-149,900
Closed -$5.3M
MON
61
DELISTED
Monsanto Co
MON
– –
-1,492,200
Closed -$170M
RBS.PRQ
62
DELISTED
ROYAL BANK OF SCOTLAND GP PLC (THE) ADR REPSTG PFD SHS SER Q
RBS.PRQ
– –
-31,954
Closed -$754K
RBS.PRP
63
DELISTED
Royal Bank of Scotland Group Plc (The) ADR representing Pref
RBS.PRP
– –
-10,115
Closed -$225K
CTRX
64
DELISTED
CATAMARAN CORP COM STK (CDA)
CTRX
– –
-5,063,889
Closed -$227M
CBST
65
DELISTED
CUBIST PHARMACEUTICALS INC
CBST
– –
-1,739,818
Closed -$127M
BKW
66
DELISTED
BURGER KING WORLDWIDE
BKW
– –
-312,307
Closed -$8.29M
1 2
3

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Lee Ainslie's Q2 2014 Portfolio in Review

As of Q2 2014, Lee Ainslie held 67 positions worth $6.97B, down 2.5% from $7.15B the previous quarter. Its ten largest holdings account for 48% of the portfolio.

Lee Ainslie withdrew a net $443M in Q2 2014, closing 18 positions and reducing 16 holdings. Its most notable exit was Capital One, an estimated $251M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 23% of assets, up from 12% a quarter earlier, followed by Technology and Financials.

Against the trend, Lee Ainslie opened a new position in Dollar General worth $334M.

  • Lee Ainslie's largest Q2 2014 buy was Dollar General: 5,824,217 shares worth $334M.
  • Lee Ainslie added most to SANTANDER CONSUMER USA HOLDINGS INC in Q2 2014, an estimated $141M increase.
  • Lee Ainslie's biggest Q2 2014 reduction was Home Depot, cutting an estimated $257M.
  • Lee Ainslie fully exited Capital One in Q2 2014, selling an estimated $251M.
  • Lee Ainslie's ten largest holdings make up 48% of its $6.97B portfolio in Q2 2014.
  • Lee Ainslie opened 17 new positions and closed 18 in Q2 2014.
  • Lee Ainslie's portfolio value fell 2.5% quarter-over-quarter to $6.97B.

Based on Maverick Capital's 13F filing for Q2 2014, filed 14 Aug 2014.