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 |
Meta Platforms (Facebook)
META
|
+$227M |
| 2 |
Dollar Tree
DLTR
|
+$160M |
| 3 |
Amazon
AMZN
|
+$137M |
| 4 |
Air Products & Chemicals
APD
|
+$57.8M |
| 5 |
Lam Research
LRCX
|
+$57.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Corpay
CPAY
|
+$242M |
| 2 |
DuPont de Nemours
DD
|
+$228M |
| 3 |
Restaurant Brands International
QSR
|
+$185M |
| 4 |
VISN
Vistance Networks Inc
VISN
|
+$176M |
| 5 |
Alibaba
BABA
|
+$135M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 22.72% |
| 2 | Communication Services | 19.37% |
| 3 | Consumer Discretionary | 18.3% |
| 4 | Technology | 15.31% |
| 5 | Materials | 7.94% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
TransUnion
TRU
$16.1B
| $2.66M | 0.06% |
30,572
+5,866
| +24% | +$468K |
|
127
Zumiez
ZUMZ
$310M
| $2.63M | 0.06% |
96,061
-277,264
| -74% | -$6.3M |
|
128
J&J Snack Foods
JJSF
$1.68B
| $2.62M | 0.06% |
20,574
+17,301
| +529% | +$2.17M |
|
129
Synaptics
SYNA
$3.67B
| $2.61M | 0.05% |
43,400
-2,224
| -5% | -$139K |
|
|
PDCO
130
DELISTED
Patterson Companies, Inc.
PDCO
| $2.6M | 0.05% |
+118,144
| New | +$2.07M |
|
|
K
131
DELISTED
Kellanova
K
| $2.58M | 0.05% |
41,639
-141,329
| -77% | -$8.55M |
|
132
Burlington
BURL
$20.4B
| $2.58M | 0.05% |
+13,086
| New | +$2.46M |
|
133
Acuity Brands
AYI
$10.1B
| $2.54M | 0.05% |
26,565
+15,947
| +150% | +$1.4M |
|
134
Parker-Hannifin
PH
$127B
| $2.54M | 0.05% |
+13,868
| New | +$2.24M |
|
|
SGI
135
Somnigroup International
SGI
$13.4B
| $2.54M | 0.05% |
+141,292
| New | +$2.03M |
|
136
Waste Management
WM
$90.4B
| $2.54M | 0.05% |
23,937
-696
| -3% | -$70.3K |
|
137
TG Therapeutics
TGTX
$8.36B
| $2.53M | 0.05% |
+130,039
| New | +$2.09M |
|
138
Southern Copper
SCCO
$180B
| $2.51M | 0.05% |
68,994
+16,965
| +33% | +$531K |
|
139
CF Industries
CF
$19.4B
| $2.48M | 0.05% |
88,197
+32,812
| +59% | +$933K |
|
140
Cencora
COR
$61.7B
| $2.43M | 0.05% |
24,147
-49,514
| -67% | -$4.56M |
|
141
Kraft Heinz
KHC
$30.5B
| $2.43M | 0.05% |
76,203
+49,194
| +182% | +$1.48M |
|
142
Pultegroup
PHM
$24.8B
| $2.42M | 0.05% |
71,208
+29,059
| +69% | +$873K |
|
143
Omnicom Group
OMC
$24.4B
| $2.41M | 0.05% |
44,119
+11,036
| +33% | +$600K |
|
|
ABMD
144
DELISTED
Abiomed Inc
ABMD
| $2.41M | 0.05% |
+9,973
| New | +$2M |
|
145
Primerica
PRI
$9.23B
| $2.41M | 0.05% |
20,647
+10,006
| +94% | +$1.06M |
|
146
PACCAR
PCAR
$68.3B
| $2.39M | 0.05% |
+47,967
| New | +$2.24M |
|
147
Insperity
NSP
$2B
| $2.39M | 0.05% |
+36,940
| New | +$1.85M |
|
148
Booking.com
BKNG
$160B
| $2.34M | 0.05% |
36,725
-1,300
| -3% | -$79.2K |
|
149
AutoNation
AN
$6.54B
| $2.33M | 0.05% |
61,982
+33,338
| +116% | +$1.21M |
|
150
Aecom
ACM
$8.29B
| $2.29M | 0.05% |
60,885
+29,015
| +91% | +$1.04M |
|
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Lee Ainslie's Q2 2020 Portfolio in Review
As of Q2 2020, Lee Ainslie held 731 positions worth $4.75B, up 0.4% from $4.74B the previous quarter. Its ten largest holdings account for 53% of the portfolio.
Lee Ainslie withdrew a net $1.26B in Q2 2020, closing 168 positions and reducing 190 holdings. Its most notable exit was Restaurant Brands International, an estimated $185M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 23% of assets, up from 21% a quarter earlier, followed by Communication Services and Consumer Discretionary.
Against the trend, Lee Ainslie opened a new position in American Express worth $59M.
- Lee Ainslie's largest Q2 2020 buy was American Express: 619,428 shares worth $59M.
- Lee Ainslie added most to Meta Platforms (Facebook) in Q2 2020, an estimated $227M increase.
- Lee Ainslie's biggest Q2 2020 reduction was Corpay, cutting an estimated $242M.
- Lee Ainslie fully exited Restaurant Brands International in Q2 2020, selling an estimated $185M.
- Lee Ainslie's ten largest holdings make up 53% of its $4.75B portfolio in Q2 2020.
- Lee Ainslie opened 265 new positions and closed 168 in Q2 2020.
- Lee Ainslie's portfolio value rose 0.4% quarter-over-quarter to $4.75B.
Based on Maverick Capital's 13F filing for Q2 2020, filed 14 Aug 2020.