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 |
EA
Electronic Arts
EA
|
+$96.5M |
| 2 |
GFL Environmental
GFL
|
+$92.9M |
| 3 |
QuidelOrtho
QDEL
|
+$79.1M |
| 4 |
Astera Labs
ALAB
|
+$73.9M |
| 5 |
Natera
NTRA
|
+$60.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Coupang
CPNG
|
+$307M |
| 2 |
Constellation Brands
STZ
|
+$86.1M |
| 3 |
Domino's
DPZ
|
+$76.7M |
| 4 |
IMGN
Immunogen Inc
IMGN
|
+$73.9M |
| 5 |
Meta Platforms (Facebook)
META
|
+$70.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 32.34% |
| 2 | Technology | 17.7% |
| 3 | Healthcare | 16.82% |
| 4 | Financials | 10.98% |
| 5 | Real Estate | 5.15% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
Advance Auto Parts
AAP
$2.57B
| $2.8M | 0.05% |
+32,948
| New | +$2.27M |
|
77
Abercrombie & Fitch
ANF
$4.84B
| $2.71M | 0.05% |
+21,607
| New | +$2.46M |
|
78
Spotify
SPOT
$110B
| $2.67M | 0.05% |
10,119
-8,701
| -46% | -$2.04M |
|
79
National Vision
EYE
$1.41B
| $2.6M | 0.05% |
+117,484
| New | +$2.48M |
|
80
WIX.com
WIX
$3.43B
| $2.49M | 0.05% |
18,094
+9,906
| +121% | +$1.3M |
|
81
Netflix
NFLX
$331B
| $2.41M | 0.05% |
39,630
-42,890
| -52% | -$2.42M |
|
82
O'Reilly Automotive
ORLY
$72.1B
| $2.35M | 0.04% |
+31,275
| New | +$2.19M |
|
83
AutoZone
AZO
$48.3B
| $2.31M | 0.04% |
+733
| New | +$2.1M |
|
84
Brinker International
EAT
$10.6B
| $2.27M | 0.04% |
+45,778
| New | +$2.03M |
|
|
JWN
85
DELISTED
Nordstrom
JWN
| $2.25M | 0.04% |
110,951
+65,355
| +143% | +$1.24M |
|
86
Boot Barn
BOOT
$5.01B
| $2.14M | 0.04% |
22,539
+10,886
| +93% | +$900K |
|
87
Micron Technology
MU
$1.09T
| $2.11M | 0.04% |
17,884
-5,025
| -22% | -$455K |
|
88
Under Armour
UAA
$2.32B
| $2.07M | 0.04% |
+280,394
| New | +$2.23M |
|
89
Floor & Decor
FND
$5.78B
| $1.98M | 0.04% |
+15,294
| New | +$1.74M |
|
90
Adobe
ADBE
$109B
| $1.92M | 0.04% |
3,804
+1,207
| +46% | +$692K |
|
91
Jabil
JBL
$32.8B
| $1.89M | 0.04% |
14,087
+10,219
| +264% | +$1.37M |
|
92
Arista Networks
ANET
$238B
| $1.71M | 0.03% |
23,616
+13,796
| +140% | +$931K |
|
|
GRMN
93
Garmin
GRMN
$56.9B
| $1.68M | 0.03% |
+11,288
| New | +$1.49M |
|
94
Wendy's
WEN
$1.72B
| $1.67M | 0.03% |
+88,890
| New | +$1.67M |
|
95
Sherwin-Williams
SHW
$84.1B
| $1.67M | 0.03% |
+4,820
| New | +$1.54M |
|
96
Yum! Brands
YUM
$41.8B
| $1.66M | 0.03% |
+11,959
| New | +$1.6M |
|
97
Logitech
LOGI
$13.8B
| $1.61M | 0.03% |
18,024
+15,717
| +681% | +$1.4M |
|
98
HP
HPQ
$27.2B
| $1.57M | 0.03% |
52,112
+27,082
| +108% | +$797K |
|
99
Oracle
ORCL
$422B
| $1.56M | 0.03% |
+12,454
| New | +$1.43M |
|
100
Chipotle Mexican Grill
CMG
$46.7B
| $1.56M | 0.03% |
26,850
+17,750
| +195% | +$908K |
|
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Lee Ainslie's Q1 2024 Portfolio in Review
As of Q1 2024, Lee Ainslie held 573 positions worth $5.32B, up 6.9% from $4.98B the previous quarter. Its ten largest holdings account for 45% of the portfolio.
Lee Ainslie withdrew a net $210M in Q1 2024, closing 168 positions and reducing 68 holdings. Its most notable exit was Immunogen Inc, an estimated $73.9M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 32% of assets, down from 36% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Lee Ainslie opened a new position in Electronic Arts worth $93.2M.
- Lee Ainslie's largest Q1 2024 buy was Electronic Arts: 702,830 shares worth $93.2M.
- Lee Ainslie added most to Starbucks in Q1 2024, an estimated $51.2M increase.
- Lee Ainslie's biggest Q1 2024 reduction was Coupang, cutting an estimated $307M.
- Lee Ainslie fully exited Immunogen Inc in Q1 2024, selling an estimated $73.9M.
- Lee Ainslie's ten largest holdings make up 45% of its $5.32B portfolio in Q1 2024.
- Lee Ainslie opened 225 new positions and closed 168 in Q1 2024.
- Lee Ainslie's portfolio value rose 6.9% quarter-over-quarter to $5.32B.
Based on Maverick Capital's 13F filing for Q1 2024, filed 15 May 2024.