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Lee Ainslie Maverick Capital

AUM $11.3B
1-Year Est. Return 76.6%
 

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.

This Fund
S&P 500
This Quarter Est. Return
-6.75%
1 Year Est. Return
+76.6%
3 Year Est. Return
+266.43%
5 Year Est. Return
+219.63%
10 Year Est. Return
+601.38%
AUM
$5.84B
AUM Growth
-$717M
Cap. Flow
-$275M
Cap. Flow %
-4.71%
Top 10 Hldgs %
55.64%
Holding
141
New
21
Increased
53
Reduced
19
Closed
25

Top Buys

Rank Stock Value
1
LBTYK icon
Liberty Global Class C
LBTYK
+$299M
2
PFE icon
Pfizer
PFE
+$234M
3
ARRS
ARRIS International plc Ordinary Shares
ARRS
+$224M
4
PF
Pinnacle Foods, Inc.
PF
+$167M
5
CIT
CIT Group Inc.
CIT
+$157M

Top Sells

Rank Stock Value
1
KRFT
KRAFT FOODS GROUP INC COM STK (VA)
KRFT
+$443M
2
BKNG icon
Booking.com
BKNG
+$375M
3
AGN
Allergan plc
AGN
+$270M
4
AVGO icon
Broadcom
AVGO
+$193M
5
BIDU icon
Baidu
BIDU
+$159M

Sector Composition

Rank Sector Weight
1 Technology 26.23%
2 Industrials 21.39%
3 Communication Services 16.93%
4 Financials 12.59%
5 Healthcare 11.64%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
KR icon
126
Kroger
KR
$35.5B
– –
-7,340
Closed -$266K
LBTYA icon
127
Liberty Global Class A
LBTYA
$3.63B
– –
-1,275,896
Closed -$56.9M
LRCX icon
128
Lam Research
LRCX
$393B
– –
-31,500
Closed -$256K
ROP icon
129
Roper Technologies
ROP
$40.7B
– –
-3,960
Closed -$683K
TRV icon
130
Travelers Companies
TRV
$75.8B
– –
-6,810
Closed -$658K
TXRH icon
131
Texas Roadhouse
TXRH
$13.4B
– –
-7,510
Closed -$281K
UNH icon
132
UnitedHealth
UNH
$350B
– –
-2,180
Closed -$266K
ALXN
133
DELISTED
Alexion Pharmaceuticals
ALXN
– –
-1,600
Closed -$289K
PNK
134
DELISTED
Pinnacle Entertainment Inc.
PNK
– –
-7,110
Closed -$265K
RAX
135
DELISTED
Rackspace Hosting Inc
RAX
– –
-6,560
Closed -$244K
AXLL
136
DELISTED
AXIALL CORP COM STK (DE)
AXLL
– –
-1,017,031
Closed -$36.7M
SWI
137
DELISTED
SOLARWINDS INC COM STK (DE)
SWI
– –
-563,735
Closed -$26M
INFA
138
DELISTED
INFORMATICA CORP
INFA
– –
-5,430
Closed -$263K
DTV
139
DELISTED
DIRECTV COM STK (DE)
DTV
– –
-2,880
Closed -$267K
KRFT
140
DELISTED
KRAFT FOODS GROUP INC COM STK (VA)
KRFT
– –
-5,205,357
Closed -$443M
DRII
141
DELISTED
DIAMOND RESORTS INTL, INC
DRII
– –
-8,460
Closed -$267K
2 3 4 5
6

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Lee Ainslie's Q3 2015 Portfolio in Review

As of Q3 2015, Lee Ainslie held 141 positions worth $5.84B, down 11% from $6.55B the previous quarter. Its ten largest holdings account for 56% of the portfolio.

Lee Ainslie withdrew a net $275M in Q3 2015, closing 25 positions and reducing 19 holdings. Its most notable exit was KRAFT FOODS GROUP INC COM STK (VA), an estimated $443M position sold in full.

By sector, the portfolio is most concentrated in Technology at 26% of assets, up from 21% a quarter earlier, followed by Industrials and Communication Services.

Against the trend, Lee Ainslie opened a new position in Pfizer worth $218M.

  • Lee Ainslie's largest Q3 2015 buy was Pfizer: 7,312,576 shares worth $218M.
  • Lee Ainslie added most to Liberty Global Class C in Q3 2015, an estimated $299M increase.
  • Lee Ainslie's biggest Q3 2015 reduction was Booking.com, cutting an estimated $375M.
  • Lee Ainslie fully exited KRAFT FOODS GROUP INC COM STK (VA) in Q3 2015, selling an estimated $443M.
  • Lee Ainslie's ten largest holdings make up 56% of its $5.84B portfolio in Q3 2015.
  • Lee Ainslie opened 21 new positions and closed 25 in Q3 2015.
  • Lee Ainslie's portfolio value fell 11% quarter-over-quarter to $5.84B.

Based on Maverick Capital's 13F filing for Q3 2015, filed 16 Nov 2015.