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 |
Seer Inc
SEER
|
+$345M |
| 2 |
Applied Materials
AMAT
|
+$164M |
| 3 |
MGM Resorts International
MGM
|
+$129M |
| 4 |
Corpay
CPAY
|
+$110M |
| 5 |
Adobe
ADBE
|
+$101M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Humana
HUM
|
+$158M |
| 2 |
Corning
GLW
|
+$146M |
| 3 |
Dollar Tree
DLTR
|
+$137M |
| 4 |
KKR & Co
KKR
|
+$77.9M |
| 5 |
DuPont de Nemours
DD
|
+$75.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 26.08% |
| 2 | Healthcare | 21.96% |
| 3 | Consumer Discretionary | 18.94% |
| 4 | Communication Services | 13.8% |
| 5 | Materials | 6.04% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
HUYA
726
Huya Inc
HUYA
$498M
| – | – |
-11,797
| Closed | -$283K |
|
727
Inovio Pharmaceuticals
INO
$122M
| – | – |
-3,174
| Closed | -$442K |
|
728
Iridium Communications
IRDM
$5.19B
| – | – |
-3,367
| Closed | -$86K |
|
729
Keurig Dr Pepper
KDP
$43.6B
| – | – |
-8,874
| Closed | -$245K |
|
730
Kirby Corp
KEX
$7.39B
| – | – |
-19,684
| Closed | -$712K |
|
731
Kodak
KODK
$963M
| – | – |
-12,978
| Closed | -$114K |
|
732
Kohl's
KSS
$2B
| – | – |
-2,666
| Closed | -$49K |
|
733
Lithia Motors
LAD
$8.15B
| – | – |
-2,976
| Closed | -$678K |
|
734
Eli Lilly
LLY
$1.12T
| – | – |
-5,349
| Closed | -$792K |
|
735
Southwest Airlines
LUV
$19.8B
| – | – |
-2,154
| Closed | -$81K |
|
736
La-Z-Boy
LZB
$1.35B
| – | – |
-29,375
| Closed | -$929K |
|
737
ManpowerGroup
MAN
$2.86B
| – | – |
-4,037
| Closed | -$296K |
|
738
Marriott International
MAR
$92.9B
| – | – |
-2,361
| Closed | -$219K |
|
739
Marathon Petroleum
MPC
$101B
| – | – |
-25,003
| Closed | -$734K |
|
740
Monolithic Power Systems
MPWR
$64.7B
| – | – |
-3,605
| Closed | -$1.01M |
|
741
MGIC Investment
MTG
$6.34B
| – | – |
-87,702
| Closed | -$777K |
|
742
NextEra Energy
NEE
$174B
| – | – |
-9,828
| Closed | -$682K |
|
743
NIO
NIO
$11.6B
| – | – |
-8,717
| Closed | -$185K |
|
744
NOV
NOV
$7.28B
| – | – |
-113,009
| Closed | -$1.02M |
|
745
NovoCure
NVCR
$1.99B
| – | – |
-7,175
| Closed | -$799K |
|
746
O-I Glass
OI
$1.1B
| – | – |
-111,624
| Closed | -$1.18M |
|
747
Oracle
ORCL
$422B
| – | – |
-6,750
| Closed | -$403K |
|
748
PBF Energy
PBF
$8.72B
| – | – |
-12,898
| Closed | -$73K |
|
749
PACCAR
PCAR
$69B
| – | – |
-44,979
| Closed | -$2.56M |
|
750
PepsiCo
PEP
$196B
| – | – |
-10,894
| Closed | -$1.51M |
|
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Lee Ainslie's Q4 2020 Portfolio in Review
As of Q4 2020, Lee Ainslie held 832 positions worth $6.25B, up 16% from $5.38B the previous quarter. Its ten largest holdings account for 45% of the portfolio.
Lee Ainslie's Q4 2020 filing shows 271 new, 110 increased, 277 reduced and 171 closed positions. Its largest new stake was Seer Inc: 5,425,513 shares worth $279M. The largest sale was Humana, an estimated $158M.
By sector, the portfolio is most concentrated in Technology at 26% of assets, up from 24% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- Lee Ainslie's largest Q4 2020 buy was Seer Inc: 5,425,513 shares worth $279M.
- Lee Ainslie added most to Applied Materials in Q4 2020, an estimated $164M increase.
- Lee Ainslie's biggest Q4 2020 reduction was Humana, cutting an estimated $158M.
- Lee Ainslie fully exited Dollar Tree in Q4 2020, selling an estimated $137M.
- Lee Ainslie's ten largest holdings make up 45% of its $6.25B portfolio in Q4 2020.
- Lee Ainslie opened 271 new positions and closed 171 in Q4 2020.
- Lee Ainslie's portfolio value rose 16% quarter-over-quarter to $6.25B.
Based on Maverick Capital's 13F filing for Q4 2020, filed 16 Feb 2021.