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 |
Humana
HUM
|
+$237M |
| 2 |
DuPont de Nemours
DD
|
+$235M |
| 3 |
VISN
Vistance Networks Inc
VISN
|
+$172M |
| 4 |
Alibaba
BABA
|
+$131M |
| 5 |
MGM Resorts International
MGM
|
+$121M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$249M |
| 2 |
Elevance Health
ELV
|
+$208M |
| 3 |
FISV
Fiserv Inc
FISV
|
+$169M |
| 4 |
SS&C Technologies
SSNC
|
+$142M |
| 5 |
US Foods
USFD
|
+$122M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 25.55% |
| 2 | Technology | 22.62% |
| 3 | Healthcare | 19.68% |
| 4 | Communication Services | 11.09% |
| 5 | Materials | 10.51% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
Hasbro
HAS
$13.2B
| $7.94M | 0.12% |
75,130
+9,050
| +14% | +$892K |
|
77
Bank OZK
OZK
$5.39B
| $7.93M | 0.12% |
+263,690
| New | +$8.17M |
|
78
O'Reilly Automotive
ORLY
$72.1B
| $7.91M | 0.11% |
321,300
-668,400
| -68% | -$16.9M |
|
79
J.M. Smucker
SJM
$13.3B
| $7.9M | 0.11% |
68,550
-2,520
| -4% | -$308K |
|
|
CTXS
80
DELISTED
Citrix Systems Inc
CTXS
| $7.88M | 0.11% |
80,260
+27,120
| +51% | +$2.66M |
|
81
Home Depot
HD
$335B
| $7.66M | 0.11% |
+36,850
| New | +$7.35M |
|
|
LLL
82
DELISTED
L3 Technologies, Inc.
LLL
| $7.61M | 0.11% |
31,020
+9,240
| +42% | +$2.16M |
|
83
Sherwin-Williams
SHW
$84.1B
| $7.42M | 0.11% |
48,570
-51,930
| -52% | -$7.76M |
|
84
Baxter International
BAX
$13.6B
| $7.26M | 0.11% |
88,670
+23,800
| +37% | +$1.85M |
|
85
B2Gold
BTG
$7.29B
| $7.16M | 0.1% |
2,361,440
+538,260
| +30% | +$1.47M |
|
86
Alaska Air
ALK
$4.51B
| $7.14M | 0.1% |
111,650
-2,700
| -2% | -$164K |
|
87
Under Armour
UAA
$2.32B
| $7.04M | 0.1% |
+277,630
| New | +$6.51M |
|
88
Uber
UBER
$161B
| $6.96M | 0.1% |
+150,071
| New | +$6.37M |
|
|
XLNX
89
DELISTED
Xilinx Inc
XLNX
| $6.93M | 0.1% |
+58,780
| New | +$6.85M |
|
90
Bausch Health
BHC
$2.41B
| $6.9M | 0.1% |
273,690
-53,820
| -16% | -$1.28M |
|
91
Monster Beverage
MNST
$93.6B
| $6.9M | 0.1% |
432,360
-71,360
| -14% | -$1.08M |
|
92
Fastenal
FAST
$58.8B
| $6.7M | 0.1% |
411,440
+229,640
| +126% | +$3.79M |
|
|
VIAB
93
DELISTED
Viacom Inc. Class B
VIAB
| $6.7M | 0.1% |
224,250
-17,280
| -7% | -$505K |
|
94
Boston Beer
SAM
$1.91B
| $6.54M | 0.09% |
17,310
+8,750
| +102% | +$2.77M |
|
|
AGN
95
DELISTED
Allergan plc
AGN
| $6.5M | 0.09% |
38,810
-11,400
| -23% | -$1.58M |
|
96
CF Industries
CF
$19.6B
| $6.49M | 0.09% |
138,920
-24,420
| -15% | -$1.06M |
|
97
Best Buy
BBY
$18.1B
| $6.41M | 0.09% |
91,990
-198,760
| -68% | -$13.9M |
|
98
Gen Digital
GEN
$17.3B
| $6.35M | 0.09% |
+291,810
| New | +$6.27M |
|
99
Burlington
BURL
$20.6B
| $6.34M | 0.09% |
37,240
-451,085
| -92% | -$73.7M |
|
|
TWTR
100
DELISTED
Twitter, Inc.
TWTR
| $6.27M | 0.09% |
179,640
-51,580
| -22% | -$1.89M |
|
Similar funds
Lee Ainslie's Q2 2019 Portfolio in Review
As of Q2 2019, Lee Ainslie held 379 positions worth $6.9B, down 8.5% from $7.54B the previous quarter. Its ten largest holdings account for 47% of the portfolio.
Lee Ainslie withdrew a net $445M in Q2 2019, closing 98 positions and reducing 108 holdings. Its most notable exit was Elevance Health, an estimated $208M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 26% of assets, down from 26% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Lee Ainslie opened a new position in MGM Resorts International worth $129M.
- Lee Ainslie's largest Q2 2019 buy was MGM Resorts International: 4,527,373 shares worth $129M.
- Lee Ainslie added most to Humana in Q2 2019, an estimated $237M increase.
- Lee Ainslie's biggest Q2 2019 reduction was Microsoft, cutting an estimated $249M.
- Lee Ainslie fully exited Elevance Health in Q2 2019, selling an estimated $208M.
- Lee Ainslie's ten largest holdings make up 47% of its $6.9B portfolio in Q2 2019.
- Lee Ainslie opened 105 new positions and closed 98 in Q2 2019.
- Lee Ainslie's portfolio value fell 8.5% quarter-over-quarter to $6.9B.
Based on Maverick Capital's 13F filing for Q2 2019, filed 14 Aug 2019.