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 |
Visa
V
|
+$121M |
| 2 |
Workday
WDAY
|
+$100M |
| 3 |
Lam Research
LRCX
|
+$60M |
| 4 |
Rocket Pharmaceuticals
RCKT
|
+$54.1M |
| 5 |
Sea Limited
SE
|
+$52.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Coupang
CPNG
|
+$201M |
| 2 |
Alibaba
BABA
|
+$102M |
| 3 |
Meta Platforms (Facebook)
META
|
+$56.4M |
| 4 |
Alnylam Pharmaceuticals
ALNY
|
+$54.2M |
| 5 |
Aon
AON
|
+$51.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 40.52% |
| 2 | Healthcare | 15.55% |
| 3 | Technology | 14.19% |
| 4 | Communication Services | 7.61% |
| 5 | Financials | 5.93% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
751
NetEase
NTES
$82.1B
| – | – |
-280
| Closed | -$32K |
|
752
Nucor
NUE
$55.3B
| – | – |
-11,473
| Closed | -$1.1M |
|
753
NVR
NVR
$16.9B
| – | – |
-7
| Closed | -$35K |
|
754
NXP Semiconductors
NXPI
$56.9B
| – | – |
-8,922
| Closed | -$1.83M |
|
755
Owens Corning
OC
$11.7B
| – | – |
-10,671
| Closed | -$1.04M |
|
756
Old Dominion Freight Line
ODFL
$42.8B
| – | – |
-3,270
| Closed | -$415K |
|
757
Oceaneering
OII
$5.28B
| – | – |
-3,654
| Closed | -$57K |
|
758
ON Semiconductor
ON
$28.9B
| – | – |
-5,464
| Closed | -$209K |
|
759
OneSpan
OSPN
$580M
| – | – |
-44,529
| Closed | -$1.14M |
|
760
Palo Alto Networks
PANW
$292B
| – | – |
-44,652
| Closed | -$2.76M |
|
761
Pacira BioSciences
PCRX
$983M
| – | – |
-1,108
| Closed | -$67K |
|
762
PepsiCo
PEP
$196B
| – | – |
-23,587
| Closed | -$3.5M |
|
763
Procter & Gamble
PG
$336B
| – | – |
-44,167
| Closed | -$5.96M |
|
764
Polaris
PII
$3.66B
| – | – |
-317
| Closed | -$43K |
|
765
Dave & Buster's
PLAY
$357M
| – | – |
-28,960
| Closed | -$1.18M |
|
|
PR
766
Permian Resources
PR
$19.9B
| – | – |
-11,868
| Closed | -$80K |
|
767
Restaurant Brands International
QSR
$28.2B
| – | – |
-9,529
| Closed | -$614K |
|
768
Ryder
R
$9.58B
| – | – |
-11,265
| Closed | -$837K |
|
769
RBC Bearings
RBC
$16B
| – | – |
-872
| Closed | -$174K |
|
770
Roper Technologies
ROP
$40.7B
| – | – |
-1,164
| Closed | -$547K |
|
771
Ross Stores
ROST
$76.7B
| – | – |
-35,538
| Closed | -$4.41M |
|
772
RTX Corp
RTX
$283B
| – | – |
-1,466
| Closed | -$125K |
|
773
Revvity
RVTY
$13.9B
| – | – |
-3,381
| Closed | -$522K |
|
774
Royal Bank of Canada
RY
$285B
| – | – |
-1,493
| Closed | -$151K |
|
775
Sabre
SABR
$848M
| – | – |
-77,116
| Closed | -$962K |
|
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Lee Ainslie's Q3 2021 Portfolio in Review
As of Q3 2021, Lee Ainslie held 869 positions worth $9.92B, down 6.9% from $10.6B the previous quarter. Its ten largest holdings account for 52% of the portfolio.
Lee Ainslie deployed $866M of net new capital in Q3 2021, opening 208 new positions and adding to 234 existing holdings. Its largest new stake was Instructure Holdings, Inc.: 1,250,000 shares worth $28.2M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 41% of assets, down from 53% a quarter earlier, followed by Healthcare and Technology.
On the sell side, the largest reduction was Coupang, an estimated $201M trimmed.
- Lee Ainslie's largest Q3 2021 buy was Instructure Holdings, Inc.: 1,250,000 shares worth $28.2M.
- Lee Ainslie added most to Visa in Q3 2021, an estimated $121M increase.
- Lee Ainslie's biggest Q3 2021 reduction was Coupang, cutting an estimated $201M.
- Lee Ainslie fully exited Alibaba in Q3 2021, selling an estimated $102M.
- Lee Ainslie's ten largest holdings make up 52% of its $9.92B portfolio in Q3 2021.
- Lee Ainslie opened 208 new positions and closed 244 in Q3 2021.
- Lee Ainslie's portfolio value fell 6.9% quarter-over-quarter to $9.92B.
Based on Maverick Capital's 13F filing for Q3 2021, filed 15 Nov 2021.