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 |
NVIDIA
NVDA
|
+$100M |
| 2 |
Constellation Energy
CEG
|
+$66.6M |
| 3 |
UnitedHealth
UNH
|
+$64.1M |
| 4 |
Nu Holdings
NU
|
+$57.3M |
| 5 |
Arista Networks
ANET
|
+$36.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Avantor
AVTR
|
+$117M |
| 2 |
OSH
Oak Street Health, Inc.
OSH
|
+$116M |
| 3 |
Meta Platforms (Facebook)
META
|
+$99.7M |
| 4 |
T-Mobile US
TMUS
|
+$90.3M |
| 5 |
Crown Holdings
CCK
|
+$60.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 40.31% |
| 2 | Technology | 23.26% |
| 3 | Healthcare | 9.91% |
| 4 | Communication Services | 8.8% |
| 5 | Financials | 5.04% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
Brown-Forman Class B
BF.B
$13.1B
| $1.57M | 0.04% |
24,469
+21,277
| +667% | +$1.38M |
|
102
iRhythm Holdings
IRTC
$4.24B
| $1.49M | 0.04% |
+12,014
| New | +$1.3M |
|
103
Bio-Rad Laboratories Class A
BIO
$10.2B
| $1.48M | 0.04% |
3,082
+2,447
| +385% | +$1.15M |
|
104
Stryker
SYK
$126B
| $1.45M | 0.04% |
+5,077
| New | +$1.35M |
|
105
Clorox
CLX
$12.9B
| $1.43M | 0.04% |
+9,058
| New | +$1.36M |
|
106
Airbnb
ABNB
$110B
| $1.42M | 0.04% |
11,407
+3,192
| +39% | +$364K |
|
107
Medpace
MEDP
$17.3B
| $1.41M | 0.04% |
+7,508
| New | +$1.55M |
|
108
Moody's
MCO
$87.2B
| $1.39M | 0.04% |
+4,545
| New | +$1.37M |
|
109
Murphy USA
MUSA
$10.5B
| $1.25M | 0.03% |
4,854
-429
| -8% | -$112K |
|
110
O'Reilly Automotive
ORLY
$72.1B
| $1.25M | 0.03% |
+22,065
| New | +$1.21M |
|
111
Dropbox
DBX
$7.5B
| $1.24M | 0.03% |
57,471
-76,969
| -57% | -$1.69M |
|
112
Brinker International
EAT
$10.6B
| $1.24M | 0.03% |
+32,676
| New | +$1.24M |
|
113
Invesco
IVZ
$14.1B
| $1.24M | 0.03% |
+75,524
| New | +$1.35M |
|
114
Booking.com
BKNG
$158B
| $1.22M | 0.03% |
11,525
+5,900
| +105% | +$574K |
|
115
Lennar Class A
LEN
$21B
| $1.21M | 0.03% |
+11,929
| New | +$1.15M |
|
116
Roku
ROKU
$23.4B
| $1.21M | 0.03% |
+18,400
| New | +$1.08M |
|
117
TransDigm Group
TDG
$66.4B
| $1.19M | 0.03% |
1,612
+1,095
| +212% | +$782K |
|
|
K
118
DELISTED
Kellanova
K
| $1.18M | 0.03% |
+18,788
| New | +$1.19M |
|
119
eBay
EBAY
$46.3B
| $1.18M | 0.03% |
26,488
+7,342
| +38% | +$336K |
|
120
Eaton
ETN
$163B
| $1.17M | 0.03% |
6,855
+1,539
| +29% | +$256K |
|
121
New York Times
NYT
$10.6B
| $1.17M | 0.03% |
30,000
+20,358
| +211% | +$750K |
|
122
Mattel
MAT
$4.15B
| $1.16M | 0.03% |
63,277
+47,233
| +294% | +$878K |
|
123
VeriSign
VRSN
$25.5B
| $1.16M | 0.03% |
5,511
+1,765
| +47% | +$364K |
|
124
Jabil
JBL
$32.8B
| $1.16M | 0.03% |
13,133
-2,298
| -15% | -$185K |
|
|
NEWR
125
DELISTED
New Relic, Inc.
NEWR
| $1.15M | 0.03% |
15,339
+9,923
| +183% | +$670K |
|
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Lee Ainslie's Q1 2023 Portfolio in Review
As of Q1 2023, Lee Ainslie held 571 positions worth $3.95B, down 6.4% from $4.22B the previous quarter. Its ten largest holdings account for 57% of the portfolio.
Lee Ainslie withdrew a net $730M in Q1 2023, closing 122 positions and reducing 94 holdings. Its most notable exit was Avantor, an estimated $117M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 40% of assets, up from 38% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Lee Ainslie opened a new position in NVIDIA worth $129M.
- Lee Ainslie's largest Q1 2023 buy was NVIDIA: 4,637,530 shares worth $129M.
- Lee Ainslie added most to UnitedHealth in Q1 2023, an estimated $64.1M increase.
- Lee Ainslie's biggest Q1 2023 reduction was Meta Platforms (Facebook), cutting an estimated $99.7M.
- Lee Ainslie fully exited Avantor in Q1 2023, selling an estimated $117M.
- Lee Ainslie's ten largest holdings make up 57% of its $3.95B portfolio in Q1 2023.
- Lee Ainslie opened 194 new positions and closed 122 in Q1 2023.
- Lee Ainslie's portfolio value fell 6.4% quarter-over-quarter to $3.95B.
Based on Maverick Capital's 13F filing for Q1 2023, filed 15 May 2023.