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 |
ANDV
Andeavor
ANDV
|
+$282M |
| 2 |
EVHC
Envision Healthcare Holdings Inc
EVHC
|
+$205M |
| 3 |
AB InBev
BUD
|
+$153M |
| 4 |
US Bancorp
USB
|
+$148M |
| 5 |
US Foods
USFD
|
+$129M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Booking.com
BKNG
|
+$522M |
| 2 |
Lam Research
LRCX
|
+$209M |
| 3 |
Corpay
CPAY
|
+$206M |
| 4 |
TransDigm Group
TDG
|
+$193M |
| 5 |
American Express
AXP
|
+$182M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 29.95% |
| 2 | Technology | 20.52% |
| 3 | Consumer Staples | 13.38% |
| 4 | Communication Services | 10.94% |
| 5 | Materials | 6.29% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
Domino's
DPZ
$11.3B
| $2.77M | 0.04% |
15,040
-3,890
| -21% | -$697K |
|
|
FL
77
DELISTED
Foot Locker
FL
| $2.76M | 0.04% |
36,950
-7,440
| -17% | -$537K |
|
78
United Rentals
URI
$68.4B
| $2.74M | 0.03% |
+21,900
| New | +$2.66M |
|
|
SIVB
79
DELISTED
SVB Financial Group
SIVB
| $2.73M | 0.03% |
+14,660
| New | +$2.67M |
|
80
Xencor
XNCR
$2.07B
| $2.71M | 0.03% |
113,335
-14,045
| -11% | -$338K |
|
81
Regions Financial
RF
$25.9B
| $2.7M | 0.03% |
185,710
-52,470
| -22% | -$774K |
|
|
DCH
82
Dauch Corp
DCH
$1.63B
| $2.68M | 0.03% |
+142,550
| New | +$2.84M |
|
|
SWFT
83
DELISTED
Swift Transportation Company
SWFT
| $2.67M | 0.03% |
129,940
+210
| +0.2% | +$4.68K |
|
84
Bank OZK
OZK
$5.39B
| $2.67M | 0.03% |
+51,280
| New | +$2.76M |
|
85
NCR Voyix
VYX
$1.09B
| $2.66M | 0.03% |
94,948
-42,461
| -31% | -$1.16M |
|
|
SPR
86
DELISTED
Spirit AeroSystems
SPR
| $2.66M | 0.03% |
45,900
-8,960
| -16% | -$524K |
|
87
Eagle Materials
EXP
$6.35B
| $2.64M | 0.03% |
+27,160
| New | +$2.77M |
|
|
BUFF
88
DELISTED
Blue Buffalo Pet Products, Inc
BUFF
| $2.64M | 0.03% |
114,700
-20,460
| -15% | -$503K |
|
89
United Therapeutics
UTHR
$22B
| $2.63M | 0.03% |
19,440
-6,770
| -26% | -$1.03M |
|
90
Biogen
BIIB
$32B
| $2.63M | 0.03% |
9,610
-1,270
| -12% | -$359K |
|
91
Goldman Sachs
GS
$303B
| $2.59M | 0.03% |
+11,290
| New | +$2.73M |
|
92
lululemon athletica
LULU
$13.7B
| $2.28M | 0.03% |
43,910
-11,800
| -21% | -$777K |
|
93
Strategy Inc
MSTR
$47.4B
| $2.13M | 0.03% |
113,700
-21,500
| -16% | -$417K |
|
94
eBay
EBAY
$46.3B
| $2.13M | 0.03% |
63,440
-29,640
| -32% | -$964K |
|
95
United Airlines
UAL
$36.7B
| $2.05M | 0.03% |
29,060
-8,740
| -23% | -$632K |
|
|
MOMO
96
Hello Group
MOMO
$850M
| $1.73M | 0.02% |
50,730
-7,960
| -14% | -$212K |
|
97
TAL Education Group
TAL
$6.28B
| $1.71M | 0.02% |
96,000
| – | – |
|
98
Ferrari
RACE
$76.7B
| $1.58M | 0.02% |
21,270
-1,380
| -6% | -$89.6K |
|
99
Jazz Pharmaceuticals
JAZZ
$16.5B
| $1.48M | 0.02% |
10,180
-2,060
| -17% | -$268K |
|
100
WIX.com
WIX
$3.43B
| $1.47M | 0.02% |
+21,600
| New | +$1.27M |
|
Similar funds
Lee Ainslie's Q1 2017 Portfolio in Review
As of Q1 2017, Lee Ainslie held 160 positions worth $7.84B, up 2% from $7.69B the previous quarter. Its ten largest holdings account for 58% of the portfolio.
Lee Ainslie withdrew a net $454M in Q1 2017, closing 30 positions and reducing 74 holdings. Its most notable exit was TransDigm Group, an estimated $193M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 30% of assets, up from 29% a quarter earlier, followed by Technology and Consumer Staples.
Against the trend, Lee Ainslie opened a new position in Envision Healthcare Holdings Inc worth $188M.
- Lee Ainslie's largest Q1 2017 buy was Envision Healthcare Holdings Inc: 3,065,266 shares worth $188M.
- Lee Ainslie added most to Andeavor in Q1 2017, an estimated $282M increase.
- Lee Ainslie's biggest Q1 2017 reduction was Booking.com, cutting an estimated $522M.
- Lee Ainslie fully exited TransDigm Group in Q1 2017, selling an estimated $193M.
- Lee Ainslie's ten largest holdings make up 58% of its $7.84B portfolio in Q1 2017.
- Lee Ainslie opened 36 new positions and closed 30 in Q1 2017.
- Lee Ainslie's portfolio value rose 2% quarter-over-quarter to $7.84B.
Based on Maverick Capital's 13F filing for Q1 2017, filed 15 May 2017.