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 |
OSH
Oak Street Health, Inc.
OSH
|
+$150M |
| 2 |
Visa
V
|
+$84.7M |
| 3 |
TG Therapeutics
TGTX
|
+$71.1M |
| 4 |
Mastercard
MA
|
+$70.2M |
| 5 |
ATVI
Activision Blizzard
ATVI
|
+$66.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Coupang
CPNG
|
+$279M |
| 2 |
Centene
CNC
|
+$257M |
| 3 |
ONEM
1Life Healthcare
ONEM
|
+$74.1M |
| 4 |
International Flavors & Fragrances
IFF
|
+$69M |
| 5 |
Seer Inc
SEER
|
+$66M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 43.56% |
| 2 | Technology | 17.09% |
| 3 | Healthcare | 11.19% |
| 4 | Communication Services | 9.35% |
| 5 | Financials | 6.51% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
BellRing Brands
BRBR
$1.24B
| $163K | ﹤0.01% |
5,728
-27,967
| -83% | -$731K |
|
|
HIMX
102
Himax Technologies
HIMX
$2.35B
| $152K | ﹤0.01% |
9,478
-46,045
| -83% | -$504K |
|
103
Brookdale Senior Living
BKD
$2.87B
| $151K | ﹤0.01% |
29,304
-126,142
| -81% | -$787K |
|
104
DaVita
DVA
$11.1B
| $148K | ﹤0.01% |
1,303
-7,185
| -85% | -$772K |
|
105
Axcelis
ACLS
$3.81B
| $145K | ﹤0.01% |
+1,944
| New | +$115K |
|
106
Louisiana-Pacific
LPX
$5.07B
| $145K | ﹤0.01% |
1,850
-22,253
| -92% | -$1.53M |
|
107
Travel + Leisure Co
TNL
$4.38B
| $145K | ﹤0.01% |
2,617
-17,589
| -87% | -$941K |
|
108
Alcoa
AA
$13.2B
| $144K | ﹤0.01% |
2,423
-2,317
| -49% | -$116K |
|
109
Sinclair Inc
SBGI
$1.06B
| $143K | ﹤0.01% |
+5,414
| New | +$145K |
|
110
Tenet Healthcare
THC
$22.4B
| $143K | ﹤0.01% |
1,750
-13,830
| -89% | -$1.01M |
|
111
West Fraser Timber
WFG
$5.36B
| $142K | ﹤0.01% |
1,490
-13,222
| -90% | -$1.14M |
|
112
Vale
VALE
$64.4B
| $141K | ﹤0.01% |
10,073
+3,642
| +57% | +$48.4K |
|
113
Molina Healthcare
MOH
$10.4B
| $139K | ﹤0.01% |
437
-8,679
| -95% | -$2.58M |
|
|
PLAN
114
DELISTED
Anaplan, Inc.
PLAN
| $139K | ﹤0.01% |
3,027
-32,742
| -92% | -$1.81M |
|
115
Sensata Technologies
ST
$6.11B
| $138K | ﹤0.01% |
2,232
-16,603
| -88% | -$967K |
|
116
Commault Systems
CVLT
$5.48B
| $137K | ﹤0.01% |
1,984
-11,738
| -86% | -$801K |
|
117
Pediatrix Medical
MD
$2.17B
| $137K | ﹤0.01% |
5,051
-30,161
| -86% | -$807K |
|
118
Chord Energy
CHRD
$7.87B
| $136K | ﹤0.01% |
+1,079
| New | +$128K |
|
119
NatWest
NWG
$74.4B
| $136K | ﹤0.01% |
20,645
-155,227
| -88% | -$1.01M |
|
120
O-I Glass
OI
$1.11B
| $136K | ﹤0.01% |
11,320
-60,938
| -84% | -$772K |
|
121
ON Semiconductor
ON
$27.9B
| $136K | ﹤0.01% |
+2,000
| New | +$113K |
|
|
ETRN
122
DELISTED
Equitrans Midstream Corporation Common Stock
ETRN
| $136K | ﹤0.01% |
+13,155
| New | +$136K |
|
|
KL
123
DELISTED
Kirkland Lake Gold Ltd Ordinary
KL
| $136K | ﹤0.01% |
3,237
-25,119
| -89% | -$1.06M |
|
124
Align Technology
ALGN
$11.4B
| $135K | ﹤0.01% |
205
-962
| -82% | -$619K |
|
125
Credit Acceptance
CACC
$6.26B
| $135K | ﹤0.01% |
197
-1,983
| -91% | -$1.28M |
|
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Lee Ainslie's Q4 2021 Portfolio in Review
As of Q4 2021, Lee Ainslie held 681 positions worth $8.85B, down 11% from $9.92B the previous quarter. Its ten largest holdings account for 57% of the portfolio.
Lee Ainslie withdrew a net $1.02B in Q4 2021, closing 373 positions and reducing 179 holdings. Its most notable exit was Centene, an estimated $257M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 44% of assets, up from 41% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Lee Ainslie opened a new position in Rivian worth $51.8M.
- Lee Ainslie's largest Q4 2021 buy was Rivian: 500,000 shares worth $51.8M.
- Lee Ainslie added most to Oak Street Health, Inc. in Q4 2021, an estimated $150M increase.
- Lee Ainslie's biggest Q4 2021 reduction was Coupang, cutting an estimated $279M.
- Lee Ainslie fully exited Centene in Q4 2021, selling an estimated $257M.
- Lee Ainslie's ten largest holdings make up 57% of its $8.85B portfolio in Q4 2021.
- Lee Ainslie opened 56 new positions and closed 373 in Q4 2021.
- Lee Ainslie's portfolio value fell 11% quarter-over-quarter to $8.85B.
Based on Maverick Capital's 13F filing for Q4 2021, filed 14 Feb 2022.