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 |
Constellation Brands
STZ
|
+$139M |
| 2 |
Baxter International
BAX
|
+$121M |
| 3 |
Coupang
CPNG
|
+$85.7M |
| 4 |
BNY
Bank of New York Mellon
BNY
|
+$67.4M |
| 5 |
DoorDash
DASH
|
+$63.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Salesforce
CRM
|
+$91.7M |
| 2 |
CTLT
CATALENT, INC.
CTLT
|
+$69.4M |
| 3 |
UnitedHealth
UNH
|
+$64.8M |
| 4 |
Meta Platforms (Facebook)
META
|
+$57M |
| 5 |
IMGN
Immunogen Inc
IMGN
|
+$48M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 40.71% |
| 2 | Technology | 19.77% |
| 3 | Healthcare | 12.09% |
| 4 | Communication Services | 8.07% |
| 5 | Consumer Staples | 6.59% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
Micron Technology
MU
$1.09T
| $2.13M | 0.05% |
33,749
+20,989
| +164% | +$1.35M |
|
102
Boston Beer
SAM
$1.91B
| $2.12M | 0.05% |
6,862
+491
| +8% | +$158K |
|
103
Post Holdings
POST
$3.65B
| $2.06M | 0.04% |
+23,777
| New | +$2.09M |
|
104
Five Below
FIVE
$13.8B
| $2.05M | 0.04% |
10,415
-12,607
| -55% | -$2.46M |
|
105
Keurig Dr Pepper
KDP
$43.6B
| $2.04M | 0.04% |
65,358
-15,215
| -19% | -$499K |
|
106
Hershey
HSY
$37.5B
| $2.02M | 0.04% |
8,090
-4,620
| -36% | -$1.21M |
|
107
Altria Group
MO
$110B
| $2.02M | 0.04% |
44,563
+33,516
| +303% | +$1.52M |
|
108
Pool Corp
POOL
$6.83B
| $1.94M | 0.04% |
+5,186
| New | +$1.77M |
|
109
Genuine Parts
GPC
$18.5B
| $1.93M | 0.04% |
11,415
+2,011
| +21% | +$329K |
|
110
Robert Half
RHI
$4.58B
| $1.93M | 0.04% |
+25,643
| New | +$1.83M |
|
111
Peloton Interactive
PTON
$2.37B
| $1.93M | 0.04% |
+250,412
| New | +$2.13M |
|
112
ScottsMiracle-Gro
SMG
$3.55B
| $1.82M | 0.04% |
29,076
-4,507
| -13% | -$302K |
|
113
Dropbox
DBX
$7.5B
| $1.82M | 0.04% |
68,137
+10,666
| +19% | +$243K |
|
114
CrowdStrike
CRWD
$195B
| $1.78M | 0.04% |
+48,444
| New | +$1.69M |
|
115
Cognex
CGNX
$10.2B
| $1.75M | 0.04% |
31,198
+12,978
| +71% | +$671K |
|
116
Fidelity National Information Services
FIS
$21.3B
| $1.72M | 0.04% |
31,486
+22,341
| +244% | +$1.23M |
|
117
SoFi Technologies
SOFI
$24.4B
| $1.68M | 0.04% |
201,096
+127,521
| +173% | +$831K |
|
|
BIG
118
DELISTED
Big Lots, Inc.
BIG
| $1.63M | 0.03% |
+184,583
| New | +$1.56M |
|
|
JNPR
119
DELISTED
Juniper Networks
JNPR
| $1.6M | 0.03% |
51,184
-8,040
| -14% | -$248K |
|
120
Chegg
CHGG
$90.8M
| $1.59M | 0.03% |
179,435
-42,401
| -19% | -$514K |
|
121
Accenture
ACN
$113B
| $1.59M | 0.03% |
+5,141
| New | +$1.49M |
|
122
GoDaddy
GDDY
$12.3B
| $1.57M | 0.03% |
20,833
-4,009
| -16% | -$296K |
|
123
Brookfield
BN
$93.1B
| $1.51M | 0.03% |
+67,527
| New | +$1.43M |
|
124
Automatic Data Processing
ADP
$112B
| $1.51M | 0.03% |
6,868
+4,849
| +240% | +$1.05M |
|
125
Prestige Consumer Healthcare
PBH
$2.43B
| $1.45M | 0.03% |
24,468
+18,028
| +280% | +$1.08M |
|
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Lee Ainslie's Q2 2023 Portfolio in Review
As of Q2 2023, Lee Ainslie held 579 positions worth $4.69B, up 19% from $3.95B the previous quarter. Its ten largest holdings account for 56% of the portfolio.
Lee Ainslie deployed $156M of net new capital in Q2 2023, opening 130 new positions and adding to 106 existing holdings. Its largest new stake was Constellation Brands: 592,121 shares worth $146M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 41% of assets, up from 40% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was Salesforce, an estimated $91.7M trimmed.
- Lee Ainslie's largest Q2 2023 buy was Constellation Brands: 592,121 shares worth $146M.
- Lee Ainslie added most to Coupang in Q2 2023, an estimated $85.7M increase.
- Lee Ainslie's biggest Q2 2023 reduction was Salesforce, cutting an estimated $91.7M.
- Lee Ainslie fully exited CATALENT, INC. in Q2 2023, selling an estimated $69.4M.
- Lee Ainslie's ten largest holdings make up 56% of its $4.69B portfolio in Q2 2023.
- Lee Ainslie opened 130 new positions and closed 187 in Q2 2023.
- Lee Ainslie's portfolio value rose 19% quarter-over-quarter to $4.69B.
Based on Maverick Capital's 13F filing for Q2 2023, filed 14 Aug 2023.