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 | |
|---|---|---|---|---|---|---|
851
Sportsman's Warehouse
SPWH
$44.9M
| – | – |
-51,668
| Closed | -$907K |
|
852
STAAR Surgical
STAA
$1.16B
| – | – |
-5,432
| Closed | -$430K |
|
853
Steris
STE
$23.2B
| – | – |
-1,071
| Closed | -$203K |
|
854
Supernus Pharmaceuticals
SUPN
$2.67B
| – | – |
-1,711
| Closed | -$43K |
|
855
Stanley Black & Decker
SWK
$15.1B
| – | – |
-4,413
| Closed | -$788K |
|
856
Skyworks Solutions
SWKS
$10.1B
| – | – |
-17,625
| Closed | -$2.69M |
|
857
Synaptics
SYNA
$3.82B
| – | – |
-13,601
| Closed | -$1.31M |
|
858
Sysco
SYY
$40.2B
| – | – |
-40,309
| Closed | -$2.99M |
|
859
TAL Education Group
TAL
$6.28B
| – | – |
-1,017
| Closed | -$73K |
|
860
Trip.com Group
TCOM
$29B
| – | – |
-5,496
| Closed | -$185K |
|
861
TransDigm Group
TDG
$66.4B
| – | – |
-1,021
| Closed | -$632K |
|
862
Teladoc Health
TDOC
$1.16B
| – | – |
-260
| Closed | -$52K |
|
863
TE Connectivity
TEL
$58.9B
| – | – |
-217
| Closed | -$26K |
|
864
Teradyne
TER
$58.7B
| – | – |
-8,746
| Closed | -$1.05M |
|
865
Truist Financial
TFC
$61.6B
| – | – |
-25,046
| Closed | -$1.2M |
|
866
Teleflex
TFX
$5.88B
| – | – |
-1,947
| Closed | -$801K |
|
|
TMHC
867
DELISTED
Taylor Morrison
TMHC
| – | – |
-63,314
| Closed | -$1.62M |
|
|
TPH
868
DELISTED
Tri Pointe Homes
TPH
| – | – |
-6,837
| Closed | -$118K |
|
869
T. Rowe Price
TROW
$23.8B
| – | – |
-6,020
| Closed | -$911K |
|
870
TransUnion
TRU
$16.2B
| – | – |
-2,452
| Closed | -$243K |
|
871
Travelers Companies
TRV
$75.8B
| – | – |
-2,807
| Closed | -$394K |
|
|
TSE
872
DELISTED
Trinseo
TSE
| – | – |
-14,105
| Closed | -$722K |
|
873
UBS Group
UBS
$163B
| – | – |
-10,761
| Closed | -$152K |
|
874
Urban Outfitters
URBN
$6.36B
| – | – |
-142,135
| Closed | -$3.64M |
|
875
VF Corp
VFC
$5.65B
| – | – |
-69,059
| Closed | -$5.9M |
|
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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.