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 |
Philip Morris
PM
|
+$584M |
| 2 |
Pfizer
PFE
|
+$343M |
| 3 |
WCN
Waste Connections
WCN
|
+$320M |
| 4 |
American Express
AXP
|
+$294M |
| 5 |
Universal Health Services
UHS
|
+$238M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Liberty Global Class C
LBTYK
|
+$213M |
| 2 |
Newell Brands
NWL
|
+$185M |
| 3 |
Adobe
ADBE
|
+$177M |
| 4 |
KSU
Kansas City Southern
KSU
|
+$161M |
| 5 |
UnitedHealth
UNH
|
+$147M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 26.49% |
| 2 | Healthcare | 19.14% |
| 3 | Industrials | 16.44% |
| 4 | Communication Services | 11.2% |
| 5 | Consumer Staples | 10.34% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
Ameriprise Financial
AMP
$49.1B
| $540K | 0.01% |
6,010
+170
| +3% | +$16.4K |
|
127
Alaska Air
ALK
$4.51B
| $536K | 0.01% |
9,200
+2,470
| +37% | +$171K |
|
128
Delta Air Lines
DAL
$54.2B
| $513K | 0.01% |
14,070
+3,890
| +38% | +$165K |
|
129
Transocean
RIG
$6.61B
| $434K | 0.01% |
36,470
+7,140
| +24% | +$73K |
|
130
Herbalife
HLF
$1.33B
| $361K | ﹤0.01% |
12,340
+3,080
| +33% | +$92.2K |
|
|
SHPG
131
DELISTED
Shire pic
SHPG
| $353K | ﹤0.01% |
1,920
+290
| +18% | +$52.4K |
|
132
Check Point Software Technologies
CHKP
$13.3B
| $335K | ﹤0.01% |
4,200
+1,150
| +38% | +$96.2K |
|
133
Accenture
ACN
$113B
| – | – |
-2,530
| Closed | -$292K |
|
134
Altisource Portfolio Solutions
ASPS
$62.6M
| – | – |
-1,185
| Closed | -$229K |
|
135
Autohome
ATHM
$2.56B
| – | – |
-10,350
| Closed | -$289K |
|
136
Broadcom
AVGO
$1.75T
| – | – |
-8,613,670
| Closed | -$133M |
|
|
DCH
137
Dauch Corp
DCH
$1.63B
| – | – |
-33,590
| Closed | -$517K |
|
138
Centene
CNC
$32.1B
| – | – |
-45,862
| Closed | -$1.41M |
|
139
General Dynamics
GD
$104B
| – | – |
-3,670
| Closed | -$482K |
|
140
GSK
GSK
$105B
| – | – |
-22,816
| Closed | -$1.16M |
|
141
HCA Healthcare
HCA
$92.9B
| – | – |
-369,220
| Closed | -$28.8M |
|
142
JetBlue
JBLU
$1.85B
| – | – |
-22,600
| Closed | -$477K |
|
|
JNPR
143
DELISTED
Juniper Networks
JNPR
| – | – |
-91,770
| Closed | -$2.34M |
|
144
Marathon Petroleum
MPC
$101B
| – | – |
-32,200
| Closed | -$1.2M |
|
145
Microsoft
MSFT
$3.59T
| – | – |
-45,230
| Closed | -$2.5M |
|
146
NVR
NVR
$16.9B
| – | – |
-1,410
| Closed | -$2.44M |
|
147
Pacira BioSciences
PCRX
$983M
| – | – |
-1,610,932
| Closed | -$85.3M |
|
148
Ryanair
RYAAY
$28.9B
| – | – |
-33,125
| Closed | -$1.14M |
|
149
Sensata Technologies
ST
$6.23B
| – | – |
-3,520,651
| Closed | -$137M |
|
150
Ubiquiti
UI
$33.8B
| – | – |
-72,827
| Closed | -$2.42M |
|
Similar funds
Lee Ainslie's Q2 2016 Portfolio in Review
As of Q2 2016, Lee Ainslie held 164 positions worth $7.37B, up 17% from $6.32B the previous quarter. Its ten largest holdings account for 62% of the portfolio.
Lee Ainslie deployed $903M of net new capital in Q2 2016, opening 32 new positions and adding to 76 existing holdings. Its largest new stake was Philip Morris: 5,851,537 shares worth $595M.
By sector, the portfolio is most concentrated in Technology at 26% of assets, down from 29% a quarter earlier, followed by Healthcare and Industrials.
On the sell side, the largest reduction was Liberty Global Class C, an estimated $213M trimmed.
- Lee Ainslie's largest Q2 2016 buy was Philip Morris: 5,851,537 shares worth $595M.
- Lee Ainslie added most to Pfizer in Q2 2016, an estimated $343M increase.
- Lee Ainslie's biggest Q2 2016 reduction was Liberty Global Class C, cutting an estimated $213M.
- Lee Ainslie fully exited Sensata Technologies in Q2 2016, selling an estimated $137M.
- Lee Ainslie's ten largest holdings make up 62% of its $7.37B portfolio in Q2 2016.
- Lee Ainslie opened 32 new positions and closed 32 in Q2 2016.
- Lee Ainslie's portfolio value rose 17% quarter-over-quarter to $7.37B.
Based on Maverick Capital's 13F filing for Q2 2016, filed 15 Aug 2016.