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 |
KRFT
KRAFT FOODS GROUP INC COM STK (VA)
KRFT
|
+$346M |
| 2 |
AGN
Allergan plc
AGN
|
+$341M |
| 3 |
KSU
Kansas City Southern
KSU
|
+$237M |
| 4 |
Charter Communications
CHTR
|
+$161M |
| 5 |
Liberty Global Class C
LBTYK
|
+$126M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Micron Technology
MU
|
+$160M |
| 2 |
Bausch Health
BHC
|
+$115M |
| 3 |
Halliburton
HAL
|
+$105M |
| 4 |
SWI
SOLARWINDS INC COM STK (DE)
SWI
|
+$98.2M |
| 5 |
McKesson
MCK
|
+$97.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.58% |
| 2 | Industrials | 17.49% |
| 3 | Healthcare | 14.96% |
| 4 | Communication Services | 14.72% |
| 5 | Financials | 11.76% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Travelers Companies
TRV
$75.8B
| $658K | 0.01% |
6,810
+240
| +4% | +$24.6K |
|
52
United Therapeutics
UTHR
$22B
| $656K | 0.01% |
3,770
-730
| -16% | -$131K |
|
53
Navient
NAVI
$886M
| $655K | 0.01% |
35,990
+3,360
| +10% | +$65.8K |
|
54
Microsoft
MSFT
$3.59T
| $653K | 0.01% |
14,800
-1,120
| -7% | -$51.1K |
|
55
Gen Digital
GEN
$17.3B
| $648K | 0.01% |
27,880
| – | – |
|
|
ANDV
56
DELISTED
Andeavor
ANDV
| $642K | 0.01% |
7,600
| – | – |
|
|
57
Micron Technology
MU
$1.09T
| $456K | 0.01% |
24,220
-6,005,020
| -100% | -$160M |
|
|
ALXN
58
DELISTED
Alexion Pharmaceuticals
ALXN
| $289K | ﹤0.01% |
1,600
+250
| +19% | +$43.1K |
|
59
lululemon athletica
LULU
$13.7B
| $287K | ﹤0.01% |
4,400
+580
| +15% | +$37.7K |
|
|
AFSI
60
DELISTED
AmTrust Financial Services, Inc.
AFSI
| $286K | ﹤0.01% |
8,740
-960
| -10% | -$29K |
|
|
AET
61
DELISTED
Aetna Inc
AET
| $284K | ﹤0.01% |
2,230
-390
| -15% | -$44.5K |
|
62
Texas Roadhouse
TXRH
$13.4B
| $281K | ﹤0.01% |
7,510
+570
| +8% | +$20.4K |
|
|
STRZA
63
DELISTED
Starz - Series A
STRZA
| $280K | ﹤0.01% |
+6,270
| New | +$250K |
|
64
Edwards Lifesciences
EW
$51.8B
| $279K | ﹤0.01% |
11,760
| – | – |
|
65
Domino's
DPZ
$11.3B
| $274K | ﹤0.01% |
2,420
-230
| -9% | -$24.8K |
|
66
Gilead Sciences
GILD
$181B
| $274K | ﹤0.01% |
2,340
-310
| -12% | -$33.9K |
|
67
Meta Platforms (Facebook)
META
$1.4T
| $274K | ﹤0.01% |
3,200
| – | – |
|
68
CF Industries
CF
$19.6B
| $273K | ﹤0.01% |
4,250
| – | – |
|
69
JetBlue
JBLU
$1.85B
| $271K | ﹤0.01% |
13,050
-2,720
| -17% | -$55.1K |
|
70
Mastercard
MA
$509B
| $271K | ﹤0.01% |
2,900
| – | – |
|
71
Starbucks
SBUX
$122B
| $271K | ﹤0.01% |
5,060
-520
| -9% | -$26.4K |
|
72
Carter's
CRI
$1.31B
| $270K | ﹤0.01% |
+2,540
| New | +$255K |
|
73
Alaska Air
ALK
$4.51B
| $269K | ﹤0.01% |
4,180
| – | – |
|
74
Acuity Brands
AYI
$10.3B
| $268K | ﹤0.01% |
1,490
-150
| -9% | -$26.3K |
|
75
Expedia Group
EXPE
$38.6B
| $268K | ﹤0.01% |
2,450
-480
| -16% | -$49.7K |
|
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Lee Ainslie's Q2 2015 Portfolio in Review
As of Q2 2015, Lee Ainslie held 141 positions worth $6.55B, up 5.5% from $6.21B the previous quarter. Its ten largest holdings account for 53% of the portfolio.
Lee Ainslie deployed $222M of net new capital in Q2 2015, opening 22 new positions and adding to 32 existing holdings. Its largest new stake was Kansas City Southern: 2,397,661 shares worth $219M.
By sector, the portfolio is most concentrated in Technology at 21% of assets, down from 26% a quarter earlier, followed by Industrials and Healthcare.
On the sell side, the largest reduction was Micron Technology, an estimated $160M trimmed.
- Lee Ainslie's largest Q2 2015 buy was Kansas City Southern: 2,397,661 shares worth $219M.
- Lee Ainslie added most to KRAFT FOODS GROUP INC COM STK (VA) in Q2 2015, an estimated $346M increase.
- Lee Ainslie's biggest Q2 2015 reduction was Micron Technology, cutting an estimated $160M.
- Lee Ainslie fully exited Halliburton in Q2 2015, selling an estimated $105M.
- Lee Ainslie's ten largest holdings make up 53% of its $6.55B portfolio in Q2 2015.
- Lee Ainslie opened 22 new positions and closed 21 in Q2 2015.
- Lee Ainslie's portfolio value rose 5.5% quarter-over-quarter to $6.55B.
Based on Maverick Capital's 13F filing for Q2 2015, filed 14 Aug 2015.