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 |
Coupang
CPNG
|
+$5.11B |
| 2 |
T-Mobile US
TMUS
|
+$145M |
| 3 |
Amazon
AMZN
|
+$116M |
| 4 |
LPL Financial
LPLA
|
+$108M |
| 5 |
International Flavors & Fragrances
IFF
|
+$103M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DuPont de Nemours
DD
|
+$314M |
| 2 |
Meta Platforms (Facebook)
META
|
+$220M |
| 3 |
Applied Materials
AMAT
|
+$190M |
| 4 |
Lam Research
LRCX
|
+$152M |
| 5 |
Alibaba
BABA
|
+$150M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 55.3% |
| 2 | Healthcare | 12.47% |
| 3 | Technology | 11.12% |
| 4 | Communication Services | 7.76% |
| 5 | Financials | 5.61% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
726
Cognex
CGNX
$10.2B
| – | – |
-7,293
| Closed | -$586K |
|
727
Chemed
CHE
$7.07B
| – | – |
-1,747
| Closed | -$930K |
|
728
C.H. Robinson
CHRW
$16.5B
| – | – |
-918
| Closed | -$86K |
|
729
Chewy
CHWY
$9.83B
| – | – |
-283
| Closed | -$25K |
|
730
Centene
CNC
$32.1B
| – | – |
-23,381
| Closed | -$1.4M |
|
731
Cinemark Holdings
CNK
$4.24B
| – | – |
-3,978
| Closed | -$69K |
|
732
CONMED
CNMD
$1.53B
| – | – |
-8,396
| Closed | -$940K |
|
733
CenterPoint Energy
CNP
$25.5B
| – | – |
-32,565
| Closed | -$705K |
|
734
Canadian Natural Resources
CNQ
$106B
| – | – |
-9,224
| Closed | -$109K |
|
735
CNX Resources
CNX
$5.38B
| – | – |
-1,506
| Closed | -$16K |
|
736
Capital One
COF
$134B
| – | – |
-5,788
| Closed | -$572K |
|
737
Collegium Pharmaceutical
COLL
$840M
| – | – |
-6,926
| Closed | -$139K |
|
738
Cencora
COR
$60.7B
| – | – |
-6,473
| Closed | -$633K |
|
739
Campbell Soup
CPB
$7.14B
| – | – |
-137,003
| Closed | -$6.62M |
|
740
CRH
CRH
$63.2B
| – | – |
-6,120
| Closed | -$261K |
|
741
Crocs
CROX
$5.85B
| – | – |
-105,614
| Closed | -$6.62M |
|
742
Cintas
CTAS
$81.6B
| – | – |
-19,756
| Closed | -$1.75M |
|
743
Chevron
CVX
$403B
| – | – |
-9,720
| Closed | -$821K |
|
744
Delta Air Lines
DAL
$54.2B
| – | – |
-37,183
| Closed | -$1.5M |
|
745
Darling Ingredients
DAR
$10.4B
| – | – |
-69,526
| Closed | -$4.01M |
|
746
Datadog
DDOG
$84.6B
| – | – |
-1,406
| Closed | -$138K |
|
747
Dollar General
DG
$27.2B
| – | – |
-11,964
| Closed | -$2.52M |
|
748
Danaher
DHR
$154B
| – | – |
-3,982
| Closed | -$784K |
|
749
DraftKings
DKNG
$13B
| – | – |
-1,049
| Closed | -$49K |
|
|
DOCU
750
DocuSign
DOCU
$11.8B
| – | – |
-7,158
| Closed | -$1.59M |
|
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Lee Ainslie's Q1 2021 Portfolio in Review
As of Q1 2021, Lee Ainslie held 930 positions worth $10.9B, up 74% from $6.25B the previous quarter. Its ten largest holdings account for 65% of the portfolio.
Lee Ainslie deployed $4.39B of net new capital in Q1 2021, opening 269 new positions and adding to 166 existing holdings. Its largest new stake was Coupang: 110,527,590 shares worth $5.03B.
By sector, the portfolio is most concentrated in Consumer Discretionary at 55% of assets, up from 19% a quarter earlier, followed by Healthcare and Technology.
On the sell side, the largest reduction was DuPont de Nemours, an estimated $314M trimmed.
- Lee Ainslie's largest Q1 2021 buy was Coupang: 110,527,590 shares worth $5.03B.
- Lee Ainslie added most to Amazon in Q1 2021, an estimated $116M increase.
- Lee Ainslie's biggest Q1 2021 reduction was DuPont de Nemours, cutting an estimated $314M.
- Lee Ainslie fully exited Perspecta Inc. Common Stock in Q1 2021, selling an estimated $110M.
- Lee Ainslie's ten largest holdings make up 65% of its $10.9B portfolio in Q1 2021.
- Lee Ainslie opened 269 new positions and closed 242 in Q1 2021.
- Lee Ainslie's portfolio value rose 74% quarter-over-quarter to $10.9B.
Based on Maverick Capital's 13F filing for Q1 2021, filed 17 May 2021.