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 |
KRFT
KRAFT FOODS GROUP INC COM STK (VA)
KRFT
|
+$346M |
| 2 |
AGN
Allergan plc
AGN
|
+$341M |
| 3 |
KSU
Kansas City Southern
KSU
|
+$237M |
| 4 |
Charter Communications
CHTR
|
+$161M |
| 5 |
Liberty Global Class C
LBTYK
|
+$126M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Micron Technology
MU
|
+$160M |
| 2 |
Bausch Health
BHC
|
+$115M |
| 3 |
Halliburton
HAL
|
+$105M |
| 4 |
SWI
SOLARWINDS INC COM STK (DE)
SWI
|
+$98.2M |
| 5 |
McKesson
MCK
|
+$97.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.58% |
| 2 | Industrials | 17.49% |
| 3 | Healthcare | 14.96% |
| 4 | Communication Services | 14.72% |
| 5 | Financials | 11.76% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
Franklin Templeton, Inc.
BEN
$17.4B
| $253K | ﹤0.01% |
5,160
+310
| +6% | +$15.9K |
|
102
Strategy Inc
MSTR
$47.4B
| $253K | ﹤0.01% |
+14,900
| New | +$262K |
|
103
Home Depot
HD
$335B
| $252K | ﹤0.01% |
2,270
| – | – |
|
|
SONC
104
DELISTED
Sonic Corp
SONC
| $251K | ﹤0.01% |
+8,730
| New | +$268K |
|
105
American Express
AXP
$227B
| $249K | ﹤0.01% |
3,200
| – | – |
|
106
American Airlines Group
AAL
$9.15B
| $248K | ﹤0.01% |
6,210
+760
| +14% | +$34.7K |
|
107
Bath & Body Works
BBWI
$3.92B
| $248K | ﹤0.01% |
3,575
| – | – |
|
108
Best Buy
BBY
$18.1B
| $247K | ﹤0.01% |
7,580
+720
| +10% | +$25.5K |
|
109
Cisco
CSCO
$438B
| $247K | ﹤0.01% |
8,990
| – | – |
|
110
FedEx
FDX
$76.9B
| $245K | ﹤0.01% |
1,440
| – | – |
|
|
MJN
111
DELISTED
Mead Johnson Nutrition Company
MJN
| $244K | ﹤0.01% |
2,700
+220
| +9% | +$21.2K |
|
|
RAX
112
DELISTED
Rackspace Hosting Inc
RAX
| $244K | ﹤0.01% |
+6,560
| New | +$302K |
|
113
Lowe's Companies
LOW
$121B
| $243K | ﹤0.01% |
3,630
| – | – |
|
114
Texas Instruments
TXN
$241B
| $242K | ﹤0.01% |
4,700
+260
| +6% | +$14.3K |
|
115
Delta Air Lines
DAL
$54.2B
| $241K | ﹤0.01% |
5,870
| – | – |
|
116
Costco
COST
$420B
| $238K | ﹤0.01% |
1,760
| – | – |
|
117
Chipotle Mexican Grill
CMG
$46.7B
| $236K | ﹤0.01% |
19,500
| – | – |
|
118
Southwest Airlines
LUV
$19.8B
| $235K | ﹤0.01% |
7,100
+1,190
| +20% | +$46.5K |
|
|
DCH
119
Dauch Corp
DCH
$1.63B
| $219K | ﹤0.01% |
+10,480
| New | +$253K |
|
|
RAI
120
DELISTED
Reynolds American Inc
RAI
| $79K | ﹤0.01% |
+2,110
| New | +$79K |
|
121
Autodesk
ADSK
$53.6B
| – | – |
-1,084,740
| Closed | -$63.6M |
|
122
Community Health Systems
CYH
$424M
| – | – |
-807,710
| Closed | -$34.9M |
|
123
Dollar General
DG
$27.2B
| – | – |
-226,340
| Closed | -$17.1M |
|
124
Dollar Tree
DLTR
$25.3B
| – | – |
-3,280
| Closed | -$266K |
|
125
F5
FFIV
$21.8B
| – | – |
-2,210
| Closed | -$254K |
|
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Lee Ainslie's Q2 2015 Portfolio in Review
As of Q2 2015, Lee Ainslie held 141 positions worth $6.55B, up 5.5% from $6.21B the previous quarter. Its ten largest holdings account for 53% of the portfolio.
Lee Ainslie deployed $222M of net new capital in Q2 2015, opening 22 new positions and adding to 32 existing holdings. Its largest new stake was Kansas City Southern: 2,397,661 shares worth $219M.
By sector, the portfolio is most concentrated in Technology at 21% of assets, down from 26% a quarter earlier, followed by Industrials and Healthcare.
On the sell side, the largest reduction was Micron Technology, an estimated $160M trimmed.
- Lee Ainslie's largest Q2 2015 buy was Kansas City Southern: 2,397,661 shares worth $219M.
- Lee Ainslie added most to KRAFT FOODS GROUP INC COM STK (VA) in Q2 2015, an estimated $346M increase.
- Lee Ainslie's biggest Q2 2015 reduction was Micron Technology, cutting an estimated $160M.
- Lee Ainslie fully exited Halliburton in Q2 2015, selling an estimated $105M.
- Lee Ainslie's ten largest holdings make up 53% of its $6.55B portfolio in Q2 2015.
- Lee Ainslie opened 22 new positions and closed 21 in Q2 2015.
- Lee Ainslie's portfolio value rose 5.5% quarter-over-quarter to $6.55B.
Based on Maverick Capital's 13F filing for Q2 2015, filed 14 Aug 2015.