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 |
Lam Research
LRCX
|
+$174M |
| 2 |
Corning
GLW
|
+$124M |
| 3 |
TG Therapeutics
TGTX
|
+$98.1M |
| 4 |
Blackstone
BX
|
+$87.5M |
| 5 |
Logitech
LOGI
|
+$85.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$86.7M |
| 2 |
Netflix
NFLX
|
+$86.2M |
| 3 |
Alphabet (Google) Class C
GOOG
|
+$80.7M |
| 4 |
MNTA
Momenta Pharmaceuticals, Inc.
MNTA
|
+$77M |
| 5 |
Avantor
AVTR
|
+$74.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 24.08% |
| 2 | Healthcare | 19.5% |
| 3 | Consumer Discretionary | 18.07% |
| 4 | Communication Services | 14.12% |
| 5 | Financials | 7.74% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
Southern Copper
SCCO
$182B
| $2.23M | 0.04% |
53,839
-15,155
| -22% | -$622K |
|
127
Chipotle Mexican Grill
CMG
$46.7B
| $2.17M | 0.04% |
+87,050
| New | +$2.1M |
|
128
Super Micro Computer
SMCI
$24.1B
| $2.16M | 0.04% |
816,890
+324,050
| +66% | +$885K |
|
129
Best Buy
BBY
$18.1B
| $2.13M | 0.04% |
19,175
+10,473
| +120% | +$1.07M |
|
|
NEWR
130
DELISTED
New Relic, Inc.
NEWR
| $2.13M | 0.04% |
37,821
+6,827
| +22% | +$417K |
|
|
CSLT
131
DELISTED
CASTLIGHT HEALTH, INC.
CSLT
| $2.13M | 0.04% |
1,881,640
| – | – |
|
132
Steel Dynamics
STLD
$32.8B
| $2.12M | 0.04% |
73,901
+16,419
| +29% | +$471K |
|
133
Clean Harbors
CLH
$16.7B
| $2.11M | 0.04% |
37,675
+19,282
| +105% | +$1.14M |
|
134
Exelon
EXC
$45.1B
| $2.1M | 0.04% |
+82,488
| New | +$2.19M |
|
|
KSU
135
DELISTED
Kansas City Southern
KSU
| $2.09M | 0.04% |
11,553
+4,771
| +70% | +$826K |
|
136
Bausch Health
BHC
$2.41B
| $2.03M | 0.04% |
130,361
-23,156
| -15% | -$399K |
|
137
Workday
WDAY
$49.4B
| $2.02M | 0.04% |
+9,381
| New | +$1.86M |
|
138
Nexstar Media Group
NXST
$5.73B
| $2M | 0.04% |
22,275
-77
| -0.3% | -$6.95K |
|
139
Tyson Foods
TSN
$20.6B
| $2M | 0.04% |
33,662
-22,874
| -40% | -$1.41M |
|
140
Viatris
VTRS
$18.7B
| $2M | 0.04% |
134,671
-39,319
| -23% | -$628K |
|
141
Silicon Laboratories
SLAB
$7.27B
| $1.99M | 0.04% |
20,356
-12,309
| -38% | -$1.24M |
|
142
McKesson
MCK
$100B
| $1.97M | 0.04% |
13,238
+1,482
| +13% | +$225K |
|
143
Qorvo
QRVO
$8.43B
| $1.97M | 0.04% |
15,258
-14,141
| -48% | -$1.75M |
|
144
AT&T
T
$173B
| $1.97M | 0.04% |
91,351
+90,782
| +15,955% | +$2.03M |
|
145
Primerica
PRI
$9.1B
| $1.96M | 0.04% |
17,334
-3,313
| -16% | -$403K |
|
|
TMHC
146
DELISTED
Taylor Morrison
TMHC
| $1.95M | 0.04% |
+79,388
| New | +$1.88M |
|
147
Cencora
COR
$60.7B
| $1.95M | 0.04% |
20,101
-4,046
| -17% | -$402K |
|
148
Pediatrix Medical
MD
$2.16B
| $1.91M | 0.04% |
117,406
+34,445
| +42% | +$641K |
|
149
Kraft Heinz
KHC
$30.3B
| $1.9M | 0.04% |
63,574
-12,629
| -17% | -$420K |
|
150
Advanced Micro Devices
AMD
$773B
| $1.9M | 0.04% |
23,114
-32,424
| -58% | -$2.41M |
|
Similar funds
Lee Ainslie's Q3 2020 Portfolio in Review
As of Q3 2020, Lee Ainslie held 751 positions worth $5.38B, up 13% from $4.75B the previous quarter. Its ten largest holdings account for 45% of the portfolio.
Lee Ainslie deployed $296M of net new capital in Q3 2020, opening 188 new positions and adding to 138 existing holdings. Its largest new stake was Blackstone: 1,634,535 shares worth $85.3M.
By sector, the portfolio is most concentrated in Technology at 24% of assets, up from 15% a quarter earlier, followed by Healthcare and Consumer Discretionary.
On the sell side, the largest reduction was Meta Platforms (Facebook), an estimated $86.7M trimmed.
- Lee Ainslie's largest Q3 2020 buy was Blackstone: 1,634,535 shares worth $85.3M.
- Lee Ainslie added most to Lam Research in Q3 2020, an estimated $174M increase.
- Lee Ainslie's biggest Q3 2020 reduction was Meta Platforms (Facebook), cutting an estimated $86.7M.
- Lee Ainslie fully exited Momenta Pharmaceuticals, Inc. in Q3 2020, selling an estimated $77M.
- Lee Ainslie's ten largest holdings make up 45% of its $5.38B portfolio in Q3 2020.
- Lee Ainslie opened 188 new positions and closed 190 in Q3 2020.
- Lee Ainslie's portfolio value rose 13% quarter-over-quarter to $5.38B.
Based on Maverick Capital's 13F filing for Q3 2020, filed 16 Nov 2020.