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 |
Lam Research
LRCX
|
+$174M |
| 2 |
Corning
GLW
|
+$124M |
| 3 |
TG Therapeutics
TGTX
|
+$98.1M |
| 4 |
Blackstone
BX
|
+$87.5M |
| 5 |
Logitech
LOGI
|
+$85.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$86.7M |
| 2 |
Netflix
NFLX
|
+$86.2M |
| 3 |
Alphabet (Google) Class C
GOOG
|
+$80.7M |
| 4 |
MNTA
Momenta Pharmaceuticals, Inc.
MNTA
|
+$77M |
| 5 |
Avantor
AVTR
|
+$74.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 24.08% |
| 2 | Healthcare | 19.5% |
| 3 | Consumer Discretionary | 18.07% |
| 4 | Communication Services | 14.12% |
| 5 | Financials | 7.74% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
Carter's
CRI
$1.31B
| $3.98M | 0.07% |
45,975
-4,552
| -9% | -$379K |
|
|
ANSS
77
DELISTED
Ansys
ANSS
| $3.95M | 0.07% |
12,073
+6,818
| +130% | +$2.14M |
|
78
J&J Snack Foods
JJSF
$1.64B
| $3.8M | 0.07% |
29,122
+8,548
| +42% | +$1.11M |
|
79
Signet Jewelers
SIG
$3.16B
| $3.69M | 0.07% |
197,412
+125,125
| +173% | +$1.82M |
|
80
Sherwin-Williams
SHW
$84.1B
| $3.6M | 0.07% |
15,495
+10,464
| +208% | +$2.28M |
|
81
Eaton
ETN
$163B
| $3.54M | 0.07% |
34,698
+2,671
| +8% | +$261K |
|
82
Cal-Maine
CALM
$3.87B
| $3.5M | 0.07% |
91,180
+16,996
| +23% | +$719K |
|
83
Apple
AAPL
$4.51T
| $3.48M | 0.06% |
30,096
+29,832
| +11,300% | +$3.26M |
|
|
FTCH
84
DELISTED
Farfetch Limited Class A Ordinary Shares
FTCH
| $3.44M | 0.06% |
136,933
+43,087
| +46% | +$1.07M |
|
85
Citigroup
C
$221B
| $3.42M | 0.06% |
79,298
+20,630
| +35% | +$1.03M |
|
86
Fortinet
FTNT
$113B
| $3.4M | 0.06% |
144,115
-97,750
| -40% | -$2.52M |
|
87
FedEx
FDX
$76.9B
| $3.21M | 0.06% |
12,764
+4,595
| +56% | +$919K |
|
88
GE Aerospace
GE
$361B
| $3.18M | 0.06% |
102,377
-43,283
| -30% | -$1.41M |
|
89
Ecolab
ECL
$78.9B
| $3.16M | 0.06% |
15,807
+5,618
| +55% | +$1.12M |
|
90
Sysco
SYY
$40.2B
| $3.15M | 0.06% |
50,577
-13,523
| -21% | -$787K |
|
91
Newmont
NEM
$139B
| $3.12M | 0.06% |
+49,156
| New | +$3.2M |
|
92
Energizer
ENR
$1.47B
| $3.06M | 0.06% |
+78,296
| New | +$3.59M |
|
93
Pultegroup
PHM
$24.6B
| $3.05M | 0.06% |
65,852
-5,356
| -8% | -$229K |
|
|
GES
94
DELISTED
Guess Inc
GES
| $3.04M | 0.06% |
261,895
-139,842
| -35% | -$1.61M |
|
95
Xylem
XYL
$26.5B
| $3.02M | 0.06% |
35,845
-10,204
| -22% | -$794K |
|
96
Elevance Health
ELV
$86.9B
| $2.97M | 0.06% |
11,054
+2,691
| +32% | +$724K |
|
97
Brunswick
BC
$5.24B
| $2.89M | 0.05% |
49,034
+55
| +0.1% | +$3.51K |
|
98
Gilead Sciences
GILD
$181B
| $2.87M | 0.05% |
+45,380
| New | +$3.15M |
|
99
United Parks & Resorts
PRKS
$2.06B
| $2.81M | 0.05% |
142,759
+141,170
| +8,884% | +$2.58M |
|
100
Cintas
CTAS
$81.6B
| $2.79M | 0.05% |
33,552
-29,168
| -47% | -$2.25M |
|
Similar funds
Lee Ainslie's Q3 2020 Portfolio in Review
As of Q3 2020, Lee Ainslie held 751 positions worth $5.38B, up 13% from $4.75B the previous quarter. Its ten largest holdings account for 45% of the portfolio.
Lee Ainslie deployed $296M of net new capital in Q3 2020, opening 188 new positions and adding to 138 existing holdings. Its largest new stake was Blackstone: 1,634,535 shares worth $85.3M.
By sector, the portfolio is most concentrated in Technology at 24% of assets, up from 15% a quarter earlier, followed by Healthcare and Consumer Discretionary.
On the sell side, the largest reduction was Meta Platforms (Facebook), an estimated $86.7M trimmed.
- Lee Ainslie's largest Q3 2020 buy was Blackstone: 1,634,535 shares worth $85.3M.
- Lee Ainslie added most to Lam Research in Q3 2020, an estimated $174M increase.
- Lee Ainslie's biggest Q3 2020 reduction was Meta Platforms (Facebook), cutting an estimated $86.7M.
- Lee Ainslie fully exited Momenta Pharmaceuticals, Inc. in Q3 2020, selling an estimated $77M.
- Lee Ainslie's ten largest holdings make up 45% of its $5.38B portfolio in Q3 2020.
- Lee Ainslie opened 188 new positions and closed 190 in Q3 2020.
- Lee Ainslie's portfolio value rose 13% quarter-over-quarter to $5.38B.
Based on Maverick Capital's 13F filing for Q3 2020, filed 16 Nov 2020.