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 |
Centene
CNC
|
+$234M |
| 2 |
Jones Lang LaSalle
JLL
|
+$172M |
| 3 |
CANO
Cano Health, Inc.
CANO
|
+$113M |
| 4 |
Carvana
CVNA
|
+$84.7M |
| 5 |
IS
ironSource Ltd.
IS
|
+$64.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Applied Materials
AMAT
|
+$89.8M |
| 2 |
Alnylam Pharmaceuticals
ALNY
|
+$73.8M |
| 3 |
Alphabet (Google) Class C
GOOG
|
+$73.3M |
| 4 |
Lam Research
LRCX
|
+$73M |
| 5 |
Amazon
AMZN
|
+$71.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 52.76% |
| 2 | Healthcare | 15.32% |
| 3 | Technology | 11.25% |
| 4 | Communication Services | 7.75% |
| 5 | Financials | 5.35% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
751
Genworth Financial
GNW
$3.73B
| – | – |
-58,437
| Closed | -$194K |
|
|
B
752
Barrick Mining
B
$78.3B
| – | – |
-17,292
| Closed | -$342K |
|
|
GRMN
753
Garmin
GRMN
$56.9B
| – | – |
-1,086
| Closed | -$143K |
|
754
Hain Celestial
HAIN
$71.6M
| – | – |
-36,752
| Closed | -$1.6M |
|
755
Halozyme
HALO
$12.3B
| – | – |
-2,711
| Closed | -$113K |
|
756
Hasbro
HAS
$13.2B
| – | – |
-15,388
| Closed | -$1.48M |
|
757
Home Depot
HD
$335B
| – | – |
-282
| Closed | -$86K |
|
758
Honda
HMC
$43.3B
| – | – |
-6,836
| Closed | -$206K |
|
759
Harley-Davidson
HOG
$2.93B
| – | – |
-48,729
| Closed | -$1.95M |
|
|
HOLX
760
DELISTED
Hologic
HOLX
| – | – |
-4,580
| Closed | -$341K |
|
761
HP
HPQ
$27.2B
| – | – |
-125,122
| Closed | -$3.97M |
|
|
PPLI
762
People Inc
PPLI
$2.86B
| – | – |
-2,248
| Closed | -$265K |
|
763
Intercontinental Exchange
ICE
$90.5B
| – | – |
-6,810
| Closed | -$761K |
|
764
Icon
ICLR
$13.3B
| – | – |
-29
| Closed | -$6K |
|
765
International Paper
IP
$22B
| – | – |
-403
| Closed | -$21K |
|
766
Iridium Communications
IRDM
$5.19B
| – | – |
-2,194
| Closed | -$91K |
|
767
ITT
ITT
$18.6B
| – | – |
-897
| Closed | -$82K |
|
768
Johnson Controls International
JCI
$86.7B
| – | – |
-2,062
| Closed | -$123K |
|
769
Jefferies Financial Group
JEF
$12.1B
| – | – |
-18,886
| Closed | -$543K |
|
770
J. Jill
JILL
$302M
| – | – |
-28,262
| Closed | -$276K |
|
771
JPMorgan Chase
JPM
$935B
| – | – |
-4,453
| Closed | -$678K |
|
|
OPLN
772
Openlane
OPLN
$4.08B
| – | – |
-61,533
| Closed | -$923K |
|
773
Keurig Dr Pepper
KDP
$43.6B
| – | – |
-25,033
| Closed | -$860K |
|
774
Kirby Corp
KEX
$7.39B
| – | – |
-18,251
| Closed | -$1.1M |
|
775
Kinross Gold
KGC
$38.9B
| – | – |
-27,334
| Closed | -$182K |
|
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Lee Ainslie's Q2 2021 Portfolio in Review
As of Q2 2021, Lee Ainslie held 915 positions worth $10.6B, down 1.9% from $10.9B the previous quarter. Its ten largest holdings account for 60% of the portfolio.
Lee Ainslie's Q2 2021 filing shows 227 new, 218 increased, 210 reduced and 254 closed positions. Its largest new stake was Centene: 3,416,815 shares worth $249M. The largest sale was Applied Materials, an estimated $89.8M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 53% of assets, down from 55% a quarter earlier, followed by Healthcare and Technology.
- Lee Ainslie's largest Q2 2021 buy was Centene: 3,416,815 shares worth $249M.
- Lee Ainslie added most to Carvana in Q2 2021, an estimated $84.7M increase.
- Lee Ainslie's biggest Q2 2021 reduction was Applied Materials, cutting an estimated $89.8M.
- Lee Ainslie fully exited Fidelity National Information Services in Q2 2021, selling an estimated $63.1M.
- Lee Ainslie's ten largest holdings make up 60% of its $10.6B portfolio in Q2 2021.
- Lee Ainslie opened 227 new positions and closed 254 in Q2 2021.
- Lee Ainslie's portfolio value fell 1.9% quarter-over-quarter to $10.6B.
Based on Maverick Capital's 13F filing for Q2 2021, filed 16 Aug 2021.