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 |
lululemon athletica
LULU
|
+$91.4M |
| 2 |
Advanced Micro Devices
AMD
|
+$75M |
| 3 |
Netflix
NFLX
|
+$68.3M |
| 4 |
Broadcom
AVGO
|
+$57.7M |
| 5 |
LPL Financial
LPLA
|
+$50.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Coupang
CPNG
|
+$429M |
| 2 |
Meta Platforms (Facebook)
META
|
+$149M |
| 3 |
Camden Property Trust
CPT
|
+$127M |
| 4 |
Uber
UBER
|
+$102M |
| 5 |
Seagate
STX
|
+$66.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 28.25% |
| 2 | Technology | 25.43% |
| 3 | Healthcare | 19.35% |
| 4 | Financials | 8.64% |
| 5 | Consumer Staples | 5.8% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Brinker International
EAT
$10.6B
| $8.35M | 0.16% |
109,171
+65,051
| +147% | +$4.48M |
|
52
Norwegian Cruise Line
NCLH
$7.92B
| $7.01M | 0.14% |
341,795
+157,160
| +85% | +$2.85M |
|
53
Urban Outfitters
URBN
$6.36B
| $6.66M | 0.13% |
173,730
+58,987
| +51% | +$2.4M |
|
54
HDFC Bank
HDB
$121B
| $6.49M | 0.13% |
+207,522
| New | +$6.38M |
|
55
McDonald's
MCD
$192B
| $6.39M | 0.12% |
+20,975
| New | +$5.78M |
|
56
Shake Shack
SHAK
$3.06B
| $5.95M | 0.12% |
+57,673
| New | +$5.56M |
|
57
Western Digital
WDC
$166B
| $5.4M | 0.11% |
+104,520
| New | +$5.28M |
|
58
Abercrombie & Fitch
ANF
$4.84B
| $5.28M | 0.1% |
37,768
+19,146
| +103% | +$2.91M |
|
59
Floor & Decor
FND
$5.78B
| $5.03M | 0.1% |
40,474
+26,120
| +182% | +$2.72M |
|
60
Darden Restaurants
DRI
$25.2B
| $4.62M | 0.09% |
+28,144
| New | +$4.26M |
|
61
Cracker Barrel
CBRL
$1.29B
| $4.5M | 0.09% |
+99,175
| New | +$4.08M |
|
62
Jabil
JBL
$32.8B
| $4.23M | 0.08% |
35,306
-137
| -0.4% | -$14.9K |
|
63
Micron Technology
MU
$1.09T
| $4.2M | 0.08% |
40,532
-598,107
| -94% | -$62.6M |
|
64
Eaton
ETN
$163B
| $4.16M | 0.08% |
12,553
+10,058
| +403% | +$3.07M |
|
65
Sally Beauty Holdings
SBH
$1.55B
| $4.15M | 0.08% |
305,505
+43,024
| +16% | +$511K |
|
66
Dell
DELL
$286B
| $4.03M | 0.08% |
33,966
+18,254
| +116% | +$2.13M |
|
67
Cedar Fair
FUN
$1.71B
| $3.95M | 0.08% |
+97,868
| New | +$4.48M |
|
68
NetApp
NTAP
$37.7B
| $3.93M | 0.08% |
31,793
+18,210
| +134% | +$2.27M |
|
|
JWN
69
DELISTED
Nordstrom
JWN
| $3.9M | 0.08% |
173,262
+54,428
| +46% | +$1.21M |
|
70
Chewy
CHWY
$9.83B
| $3.69M | 0.07% |
125,983
-7,470
| -6% | -$199K |
|
71
Build-A-Bear
BBW
$488M
| $3.64M | 0.07% |
105,847
+76,551
| +261% | +$2.16M |
|
72
AutoZone
AZO
$48.3B
| $3.62M | 0.07% |
+1,149
| New | +$3.53M |
|
73
Crocs
CROX
$5.85B
| $3.59M | 0.07% |
24,763
+16,894
| +215% | +$2.31M |
|
74
American Eagle Outfitters
AEO
$2.71B
| $3.55M | 0.07% |
+158,699
| New | +$3.27M |
|
75
Best Buy
BBY
$18.1B
| $3.47M | 0.07% |
+33,622
| New | +$3.03M |
|
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Lee Ainslie's Q3 2024 Portfolio in Review
As of Q3 2024, Lee Ainslie held 347 positions worth $5.13B, down 2.7% from $5.27B the previous quarter. Its ten largest holdings account for 42% of the portfolio.
Lee Ainslie withdrew a net $594M in Q3 2024, closing 118 positions and reducing 47 holdings. Its most notable exit was Meta Platforms (Facebook), an estimated $149M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 28% of assets, down from 29% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Lee Ainslie opened a new position in lululemon athletica worth $93.5M.
- Lee Ainslie's largest Q3 2024 buy was lululemon athletica: 344,486 shares worth $93.5M.
- Lee Ainslie added most to Advanced Micro Devices in Q3 2024, an estimated $75M increase.
- Lee Ainslie's biggest Q3 2024 reduction was Coupang, cutting an estimated $429M.
- Lee Ainslie fully exited Meta Platforms (Facebook) in Q3 2024, selling an estimated $149M.
- Lee Ainslie's ten largest holdings make up 42% of its $5.13B portfolio in Q3 2024.
- Lee Ainslie opened 80 new positions and closed 118 in Q3 2024.
- Lee Ainslie's portfolio value fell 2.7% quarter-over-quarter to $5.13B.
Based on Maverick Capital's 13F filing for Q3 2024, filed 14 Nov 2024.