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 | |
|---|---|---|---|---|---|---|
776
Boston Beer
SAM
$1.91B
| – | – |
-3,771
| Closed | -$3.85M |
|
|
FLNA
777
Filana Therapeutics
FLNA
$46.4M
| – | – |
-1,637
| Closed | -$140K |
|
778
Sinclair Inc
SBGI
$1.04B
| – | – |
-56,713
| Closed | -$1.88M |
|
779
Starbucks
SBUX
$122B
| – | – |
-87,270
| Closed | -$9.76M |
|
|
SEE
780
DELISTED
Sealed Air
SEE
| – | – |
-1,929
| Closed | -$114K |
|
781
Senseonics Holdings Inc
SENS
$513M
| – | – |
-2,430
| Closed | -$187K |
|
|
SFIX
782
Stitch Fix
SFIX
$446M
| – | – |
-46,614
| Closed | -$2.81M |
|
783
Surgery Partners
SGRY
$1.9B
| – | – |
-1,990
| Closed | -$133K |
|
784
Shake Shack
SHAK
$3.06B
| – | – |
-24,050
| Closed | -$2.57M |
|
785
Silicon Laboratories
SLAB
$7.27B
| – | – |
-173
| Closed | -$27K |
|
786
Synopsys
SNPS
$76.2B
| – | – |
-3,394
| Closed | -$936K |
|
787
Simpson Manufacturing
SSD
$7.74B
| – | – |
-10,537
| Closed | -$1.16M |
|
788
SS&C Technologies
SSNC
$19.5B
| – | – |
-17,884
| Closed | -$1.29M |
|
789
Seagate
STX
$193B
| – | – |
-10,122
| Closed | -$890K |
|
790
Stanley Black & Decker
SWK
$15.1B
| – | – |
-3,018
| Closed | -$619K |
|
791
Stryker
SYK
$126B
| – | – |
-1,987
| Closed | -$516K |
|
792
Toronto Dominion Bank
TD
$194B
| – | – |
-1,883
| Closed | -$132K |
|
793
Teva Pharmaceuticals
TEVA
$43.5B
| – | – |
-44,879
| Closed | -$444K |
|
794
Target
TGT
$75.1B
| – | – |
-193
| Closed | -$47K |
|
795
Tencent Music
TME
$14.4B
| – | – |
-9,954
| Closed | -$154K |
|
796
Thermo Fisher Scientific
TMO
$233B
| – | – |
-876
| Closed | -$442K |
|
797
Tennant Co
TNC
$1.17B
| – | – |
-13,814
| Closed | -$1.1M |
|
798
Targa Resources
TRGP
$64.1B
| – | – |
-39,415
| Closed | -$1.75M |
|
799
TSMC
TSM
$2.17T
| – | – |
-202,690
| Closed | -$24.4M |
|
800
Toro Company
TTC
$9.47B
| – | – |
-2,533
| Closed | -$278K |
|
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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.