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 |
Intel
INTC
|
+$275M |
| 2 |
Mohawk Industries
MHK
|
+$273M |
| 3 |
Alibaba
BABA
|
+$138M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$127M |
| 5 |
Lowe's Companies
LOW
|
+$102M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ANDV
Andeavor
ANDV
|
+$249M |
| 2 |
DXC Technology
DXC
|
+$236M |
| 3 |
MGM Resorts International
MGM
|
+$233M |
| 4 |
Adobe
ADBE
|
+$225M |
| 5 |
Molson Coors Class B
TAP
|
+$212M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 21.88% |
| 2 | Healthcare | 18.86% |
| 3 | Communication Services | 17.55% |
| 4 | Technology | 17.49% |
| 5 | Financials | 7.69% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
Credit Acceptance
CACC
$6.24B
| $8.65M | 0.11% |
26,170
+8,080
| +45% | +$2.68M |
|
127
Acuity Brands
AYI
$10.3B
| $8.61M | 0.11% |
+61,870
| New | +$9.52M |
|
128
DaVita
DVA
$11.1B
| $8.61M | 0.11% |
+130,580
| New | +$9.59M |
|
129
Ally Financial
ALLY
$13.1B
| $8.53M | 0.11% |
314,040
+85,020
| +37% | +$2.44M |
|
130
Citizens Financial Group
CFG
$29.4B
| $8.45M | 0.11% |
201,280
+50,860
| +34% | +$2.28M |
|
|
CONN
131
DELISTED
Conn's Inc.
CONN
| $8.44M | 0.11% |
248,160
+101,857
| +70% | +$3.39M |
|
132
Royal Caribbean
RCL
$78.1B
| $8.34M | 0.11% |
70,840
+23,410
| +49% | +$2.96M |
|
|
BBL
133
DELISTED
BHP Group Plc American Depositary Shares (Each representing two Ordinary Shares)
BBL
| $8.32M | 0.11% |
209,330
+66,030
| +46% | +$2.78M |
|
134
Gray Television
GTN
$509M
| $8.27M | 0.11% |
+651,323
| New | +$9.83M |
|
135
Align Technology
ALGN
$11.5B
| $8.14M | 0.11% |
32,410
+6,760
| +26% | +$1.74M |
|
|
SC
136
DELISTED
SANTANDER CONSUMER USA HOLDINGS INC
SC
| $8.07M | 0.1% |
+495,350
| New | +$8.56M |
|
137
Navient
NAVI
$886M
| $8.05M | 0.1% |
+613,380
| New | +$8.34M |
|
138
Steel Dynamics
STLD
$32.8B
| $8.01M | 0.1% |
181,230
+32,620
| +22% | +$1.5M |
|
|
DFS
139
DELISTED
Discover Financial Services
DFS
| $8M | 0.1% |
+111,190
| New | +$8.58M |
|
140
Cheesecake Factory
CAKE
$5.64B
| $7.96M | 0.1% |
+165,110
| New | +$7.93M |
|
141
Cigna
CI
$73.3B
| $7.92M | 0.1% |
+47,210
| New | +$9.17M |
|
142
Teck Resources
TECK
$33.9B
| $7.83M | 0.1% |
+303,920
| New | +$8.56M |
|
|
COHR
143
DELISTED
Coherent Inc
COHR
| $7.83M | 0.1% |
+41,770
| New | +$10.1M |
|
|
SINA
144
DELISTED
Sina Corp
SINA
| $7.77M | 0.1% |
74,540
+11,780
| +19% | +$1.35M |
|
145
Baidu
BIDU
$31.6B
| $7.7M | 0.1% |
34,480
+9,000
| +35% | +$2.22M |
|
|
RDC
146
DELISTED
Rowan Companies Plc
RDC
| $7.68M | 0.1% |
665,530
+332,686
| +100% | +$4.57M |
|
147
Stellantis
STLA
$20.4B
| $7.51M | 0.1% |
365,920
+67,180
| +22% | +$1.47M |
|
148
PENN Entertainment
PENN
$2.5B
| $7.3M | 0.09% |
+278,150
| New | +$8.03M |
|
149
SM Energy
SM
$8.85B
| $7.15M | 0.09% |
+396,610
| New | +$8.57M |
|
150
Vale
VALE
$62.1B
| $7.15M | 0.09% |
561,800
+131,690
| +31% | +$1.73M |
|
Similar funds
Lee Ainslie's Q1 2018 Portfolio in Review
As of Q1 2018, Lee Ainslie held 272 positions worth $7.75B, down 2.2% from $7.92B the previous quarter. Its ten largest holdings account for 47% of the portfolio.
Lee Ainslie withdrew a net $306M in Q1 2018, closing 54 positions and reducing 29 holdings. Its most notable exit was Andeavor, an estimated $249M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 22% of assets, up from 15% a quarter earlier, followed by Healthcare and Communication Services.
Against the trend, Lee Ainslie opened a new position in Mohawk Industries worth $246M.
- Lee Ainslie's largest Q1 2018 buy was Mohawk Industries: 1,058,922 shares worth $246M.
- Lee Ainslie added most to Intel in Q1 2018, an estimated $275M increase.
- Lee Ainslie's biggest Q1 2018 reduction was DXC Technology, cutting an estimated $236M.
- Lee Ainslie fully exited Andeavor in Q1 2018, selling an estimated $249M.
- Lee Ainslie's ten largest holdings make up 47% of its $7.75B portfolio in Q1 2018.
- Lee Ainslie opened 97 new positions and closed 54 in Q1 2018.
- Lee Ainslie's portfolio value fell 2.2% quarter-over-quarter to $7.75B.
Based on Maverick Capital's 13F filing for Q1 2018, filed 15 May 2018.