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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
+5.3%
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
$6.38B
AUM Growth
-$459M
Cap. Flow
-$820M
Cap. Flow %
-12.85%
Top 10 Hldgs %
45.86%
Holding
58
New
12
Increased
8
Reduced
22
Closed
13

Top Buys

Rank Stock Value
1
GOOG icon
Alphabet (Google) Class C
GOOG
+$355M
2
VISN
Vistance Networks Inc
VISN
+$158M
3
HAL icon
Halliburton
HAL
+$141M
4
VMC icon
Vulcan Materials
VMC
+$138M
5
BKNG icon
Booking.com
BKNG
+$125M

Top Sells

Rank Stock Value
1
ABBV icon
AbbVie
ABBV
+$273M
2
BABA icon
Alibaba
BABA
+$200M
3
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
+$181M
4
CTSH icon
Cognizant
CTSH
+$151M
5
ADBE icon
Adobe
ADBE
+$146M

Sector Composition

Rank Sector Weight
1 Healthcare 20.18%
2 Technology 18.88%
3 Communication Services 15%
4 Financials 10.26%
5 Industrials 9.58%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
FTNT icon
51
Fortinet
FTNT
$113B
– –
-5,968,175
Closed -$30.2M
IWM icon
52
PUT
iShares Russell 2000 ETF
IWM
$81.9B
– –
-420,000
Closed -$45.9M
MLM icon
53
Martin Marietta Materials
MLM
$32.1B
– –
-709,129
Closed -$91.4M
NOK icon
54
Nokia
NOK
$57B
– –
-667,420
Closed -$5.65M
PANW icon
55
Palo Alto Networks
PANW
$292B
– –
-2,842,950
Closed -$46.5M
QQQ icon
56
PUT
Invesco QQQ Trust
QQQ
$486B
– –
-1,930,000
Closed -$191M
TFCFA
57
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
– –
-5,280,500
Closed -$181M
BKW
58
DELISTED
BURGER KING WORLDWIDE
BKW
– –
-4,650,884
Closed -$138M
1 2
3

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Lee Ainslie's Q4 2014 Portfolio in Review

As of Q4 2014, Lee Ainslie held 58 positions worth $6.38B, down 6.7% from $6.84B the previous quarter. Its ten largest holdings account for 46% of the portfolio.

Lee Ainslie withdrew a net $820M in Q4 2014, closing 13 positions and reducing 22 holdings. Its most notable exit was AbbVie, an estimated $273M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 20% of assets, down from 21% a quarter earlier, followed by Technology and Communication Services.

Against the trend, Lee Ainslie opened a new position in Alphabet (Google) Class C worth $347M.

  • Lee Ainslie's largest Q4 2014 buy was Alphabet (Google) Class C: 13,220,939 shares worth $347M.
  • Lee Ainslie added most to Vulcan Materials in Q4 2014, an estimated $138M increase.
  • Lee Ainslie's biggest Q4 2014 reduction was Alibaba, cutting an estimated $200M.
  • Lee Ainslie fully exited AbbVie in Q4 2014, selling an estimated $273M.
  • Lee Ainslie's ten largest holdings make up 46% of its $6.38B portfolio in Q4 2014.
  • Lee Ainslie opened 12 new positions and closed 13 in Q4 2014.
  • Lee Ainslie's portfolio value fell 6.7% quarter-over-quarter to $6.38B.

Based on Maverick Capital's 13F filing for Q4 2014, filed 17 Feb 2015.