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 | |
|---|---|---|---|---|---|---|
751
Dover
DOV
$27.2B
| – | – |
-5,859
| Closed | -$740K |
|
752
Dow Inc
DOW
$23.4B
| – | – |
-1,709
| Closed | -$95K |
|
753
Devon Energy
DVN
$54B
| – | – |
-18,176
| Closed | -$287K |
|
754
Dycom Industries
DY
$11.8B
| – | – |
-970
| Closed | -$73K |
|
755
Brinker International
EAT
$10.6B
| – | – |
-2,204
| Closed | -$125K |
|
756
Emergent Biosolutions
EBS
$260M
| – | – |
-2,364
| Closed | -$212K |
|
757
Encompass Health
EHC
$11.9B
| – | – |
-15,237
| Closed | -$1M |
|
758
Eastman Chemical
EMN
$8.47B
| – | – |
-2,964
| Closed | -$297K |
|
759
EPAM Systems
EPAM
$5.69B
| – | – |
-2,824
| Closed | -$1.01M |
|
760
EQT Corp
EQT
$33.6B
| – | – |
-19,235
| Closed | -$244K |
|
761
National Vision
EYE
$1.41B
| – | – |
-1,466
| Closed | -$66K |
|
762
Diamondback Energy
FANG
$59B
| – | – |
-9,323
| Closed | -$451K |
|
763
FIVE9
FIVN
$2.45B
| – | – |
-7,553
| Closed | -$1.32M |
|
764
National Beverage
FIZZ
$3.03B
| – | – |
-16,714
| Closed | -$710K |
|
765
FMC
FMC
$1.38B
| – | – |
-16,493
| Closed | -$1.9M |
|
766
Fortive
FTV
$18.1B
| – | – |
-6,313
| Closed | -$337K |
|
767
Guardant Health
GH
$22.9B
| – | – |
-1,599
| Closed | -$206K |
|
768
Gilead Sciences
GILD
$181B
| – | – |
-10,370
| Closed | -$604K |
|
769
Corning
GLW
$129B
| – | – |
-26,866
| Closed | -$967K |
|
770
GameStop
GME
$8.17B
| – | – |
-18,634,428
| Closed | -$87.8M |
|
771
Goodyear
GT
$1.72B
| – | – |
-3,509
| Closed | -$38K |
|
|
GTLS
772
DELISTED
Chart Industries
GTLS
| – | – |
-290,133
| Closed | -$34.2M |
|
773
W.W. Grainger
GWW
$61.8B
| – | – |
-417
| Closed | -$170K |
|
774
Hyatt Hotels
H
$17B
| – | – |
-18
| Closed | -$1K |
|
775
Huntington Bancshares
HBAN
$34.4B
| – | – |
-27,757
| Closed | -$351K |
|
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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.