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 |
NVIDIA
NVDA
|
+$100M |
| 2 |
Constellation Energy
CEG
|
+$66.6M |
| 3 |
UnitedHealth
UNH
|
+$64.1M |
| 4 |
Nu Holdings
NU
|
+$57.3M |
| 5 |
Arista Networks
ANET
|
+$36.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Avantor
AVTR
|
+$117M |
| 2 |
OSH
Oak Street Health, Inc.
OSH
|
+$116M |
| 3 |
Meta Platforms (Facebook)
META
|
+$99.7M |
| 4 |
T-Mobile US
TMUS
|
+$90.3M |
| 5 |
Crown Holdings
CCK
|
+$60.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 40.31% |
| 2 | Technology | 23.26% |
| 3 | Healthcare | 9.91% |
| 4 | Communication Services | 8.8% |
| 5 | Financials | 5.04% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Kimberly-Clark
KMB
$36.4B
| $4.47M | 0.11% |
33,275
+31,491
| +1,765% | +$4.09M |
|
52
Under Armour
UAA
$2.32B
| $4.26M | 0.11% |
449,211
+71,045
| +19% | +$738K |
|
|
SIX
53
DELISTED
Six Flags Entertainment Corp.
SIX
| $4.22M | 0.11% |
+157,987
| New | +$4.22M |
|
54
Fortinet
FTNT
$113B
| $4.08M | 0.1% |
61,382
-33,878
| -36% | -$1.93M |
|
55
Edgewell Personal Care
EPC
$1.32B
| $3.74M | 0.09% |
+88,198
| New | +$3.7M |
|
56
PepsiCo
PEP
$196B
| $3.68M | 0.09% |
20,167
+13,564
| +205% | +$2.37M |
|
57
Chegg
CHGG
$90.8M
| $3.62M | 0.09% |
221,836
+88,558
| +66% | +$1.66M |
|
58
PVH
PVH
$3.62B
| $3.6M | 0.09% |
40,395
-21,995
| -35% | -$1.79M |
|
59
Caribou Biosciences
CRBU
$178M
| $3.46M | 0.09% |
652,542
| – | – |
|
60
Texas Roadhouse
TXRH
$13.4B
| $3.39M | 0.09% |
31,364
-6,391
| -17% | -$654K |
|
61
Avis
CAR
$5.18B
| $3.34M | 0.08% |
+17,153
| New | +$3.44M |
|
62
Dave & Buster's
PLAY
$357M
| $3.31M | 0.08% |
90,013
+33,807
| +60% | +$1.35M |
|
63
Curis
CRIS
$3.83M
| $3.3M | 0.08% |
13,848
-41
| -0.3% | -$10.8K |
|
64
J&J Snack Foods
JJSF
$1.64B
| $3.24M | 0.08% |
+21,878
| New | +$3.17M |
|
65
Hershey
HSY
$37.5B
| $3.23M | 0.08% |
+12,710
| New | +$2.99M |
|
66
Church & Dwight Co
CHD
$23.4B
| $3.11M | 0.08% |
35,173
+31,580
| +879% | +$2.64M |
|
67
General Mills
GIS
$21.4B
| $3M | 0.08% |
35,085
+12,919
| +58% | +$1.03M |
|
68
Mondelez International
MDLZ
$82.3B
| $2.97M | 0.08% |
42,551
+25,301
| +147% | +$1.68M |
|
69
Match Group
MTCH
$9.38B
| $2.88M | 0.07% |
+75,083
| New | +$3.28M |
|
70
VF Corp
VFC
$5.65B
| $2.88M | 0.07% |
125,609
-80,622
| -39% | -$2.12M |
|
71
Keurig Dr Pepper
KDP
$43.6B
| $2.84M | 0.07% |
80,573
+68,493
| +567% | +$2.41M |
|
72
Spectrum Brands
SPB
$2B
| $2.65M | 0.07% |
+39,970
| New | +$2.52M |
|
73
MaxLinear
MXL
$6.04B
| $2.64M | 0.07% |
74,850
+28,610
| +62% | +$1.04M |
|
74
ScottsMiracle-Gro
SMG
$3.55B
| $2.34M | 0.06% |
+33,583
| New | +$2.42M |
|
75
Invivyd
IVVD
$294M
| $2.27M | 0.06% |
+1,887,527
| New | +$3.45M |
|
Similar funds
Lee Ainslie's Q1 2023 Portfolio in Review
As of Q1 2023, Lee Ainslie held 571 positions worth $3.95B, down 6.4% from $4.22B the previous quarter. Its ten largest holdings account for 57% of the portfolio.
Lee Ainslie withdrew a net $730M in Q1 2023, closing 122 positions and reducing 94 holdings. Its most notable exit was Avantor, an estimated $117M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 40% of assets, up from 38% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Lee Ainslie opened a new position in NVIDIA worth $129M.
- Lee Ainslie's largest Q1 2023 buy was NVIDIA: 4,637,530 shares worth $129M.
- Lee Ainslie added most to UnitedHealth in Q1 2023, an estimated $64.1M increase.
- Lee Ainslie's biggest Q1 2023 reduction was Meta Platforms (Facebook), cutting an estimated $99.7M.
- Lee Ainslie fully exited Avantor in Q1 2023, selling an estimated $117M.
- Lee Ainslie's ten largest holdings make up 57% of its $3.95B portfolio in Q1 2023.
- Lee Ainslie opened 194 new positions and closed 122 in Q1 2023.
- Lee Ainslie's portfolio value fell 6.4% quarter-over-quarter to $3.95B.
Based on Maverick Capital's 13F filing for Q1 2023, filed 15 May 2023.