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Lee Ainslie Maverick Capital

AUM $11.3B
1-Year Est. Return 76.6%
 

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.

This Fund
S&P 500
This Quarter Est. Return
+2.81%
1 Year Est. Return
+76.6%
3 Year Est. Return
+266.43%
5 Year Est. Return
+219.63%
10 Year Est. Return
+601.38%
AUM
$7.15B
AUM Growth
-$590M
Cap. Flow
-$759M
Cap. Flow %
-10.62%
Top 10 Hldgs %
40.56%
Holding
80
New
15
Increased
15
Reduced
15
Closed
30

Top Buys

Rank Stock Value
1
LBTYK icon
Liberty Global Class C
LBTYK
+$313M
2
ASH icon
Ashland
ASH
+$213M
3
CCI icon
Crown Castle
CCI
+$179M
4
RL icon
Ralph Lauren
RL
+$156M
5
BIDU icon
Baidu
BIDU
+$150M

Top Sells

Rank Stock Value
1
EBAY icon
eBay
EBAY
+$314M
2
ZTS icon
Zoetis
ZTS
+$250M
3
DG icon
Dollar General
DG
+$193M
4
CHTR icon
Charter Communications
CHTR
+$160M
5
BKNG icon
Booking.com
BKNG
+$151M

Sector Composition

Rank Sector Weight
1 Technology 22.02%
2 Communication Services 11.89%
3 Healthcare 11.65%
4 Consumer Discretionary 10.8%
5 Financials 9.39%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CAM
76
DELISTED
CAMERON INTERNATIONAL CORPORATION
CAM
– –
-1,353,355
Closed -$80.6M
CQH
77
DELISTED
Cheniere Energy Partners LP Holdings LLC
CQH
– –
-1,747,800
Closed -$32.8M
RBS.PRL.CL
78
DELISTED
Royal Bank Of Scotland Group Plc
RBS.PRL.CL
– –
-9,404
Closed -$184K
TWC
79
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
– –
-351,295
Closed -$47.6M
1 2 3
4

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Lee Ainslie's Q1 2014 Portfolio in Review

As of Q1 2014, Lee Ainslie held 80 positions worth $7.15B, down 7.6% from $7.74B the previous quarter. Its ten largest holdings account for 41% of the portfolio.

Lee Ainslie withdrew a net $759M in Q1 2014, closing 30 positions and reducing 15 holdings. Its most notable exit was eBay, an estimated $314M position sold in full.

By sector, the portfolio is most concentrated in Technology at 22% of assets, down from 26% a quarter earlier, followed by Communication Services and Healthcare.

Against the trend, Lee Ainslie opened a new position in Liberty Global Class C worth $308M.

  • Lee Ainslie's largest Q1 2014 buy was Liberty Global Class C: 9,364,353 shares worth $308M.
  • Lee Ainslie added most to Crown Castle in Q1 2014, an estimated $179M increase.
  • Lee Ainslie's biggest Q1 2014 reduction was Community Health Systems, cutting an estimated $122M.
  • Lee Ainslie fully exited eBay in Q1 2014, selling an estimated $314M.
  • Lee Ainslie's ten largest holdings make up 41% of its $7.15B portfolio in Q1 2014.
  • Lee Ainslie opened 15 new positions and closed 30 in Q1 2014.
  • Lee Ainslie's portfolio value fell 7.6% quarter-over-quarter to $7.15B.

Based on Maverick Capital's 13F filing for Q1 2014, filed 15 May 2014.