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 |
Coupang
CPNG
|
+$5.11B |
| 2 |
T-Mobile US
TMUS
|
+$145M |
| 3 |
Amazon
AMZN
|
+$116M |
| 4 |
LPL Financial
LPLA
|
+$108M |
| 5 |
International Flavors & Fragrances
IFF
|
+$103M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DuPont de Nemours
DD
|
+$314M |
| 2 |
Meta Platforms (Facebook)
META
|
+$220M |
| 3 |
Applied Materials
AMAT
|
+$190M |
| 4 |
Lam Research
LRCX
|
+$152M |
| 5 |
Alibaba
BABA
|
+$150M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 55.3% |
| 2 | Healthcare | 12.47% |
| 3 | Technology | 11.12% |
| 4 | Communication Services | 7.76% |
| 5 | Financials | 5.61% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
Signet Jewelers
SIG
$3.16B
| $2.62M | 0.02% |
45,135
-124,358
| -73% | -$5.84M |
|
127
Caleres
CAL
$457M
| $2.59M | 0.02% |
118,627
-52,781
| -31% | -$899K |
|
128
NETGEAR
NTGR
$571M
| $2.58M | 0.02% |
62,837
-12,423
| -17% | -$512K |
|
129
Dillards
DDS
$9.71B
| $2.58M | 0.02% |
26,739
+25,678
| +2,420% | +$2.09M |
|
130
Clorox
CLX
$12.9B
| $2.56M | 0.02% |
+13,264
| New | +$2.55M |
|
131
Bristol-Myers Squibb
BMY
$137B
| $2.54M | 0.02% |
40,241
+17,692
| +78% | +$1.1M |
|
132
Conagra Brands
CAG
$7.89B
| $2.5M | 0.02% |
66,613
-10,424
| -14% | -$369K |
|
|
TSIBU
133
DELISTED
Tishman Speyer Innovation Corp. II Unit
TSIBU
| $2.5M | 0.02% |
+250,000
| New | +$2.58M |
|
134
Merck
MRK
$376B
| $2.49M | 0.02% |
33,898
-28,189
| -45% | -$2.08M |
|
135
Ollie's Bargain Outlet
OLLI
$4.6B
| $2.44M | 0.02% |
27,990
+5,833
| +26% | +$531K |
|
136
Capri Holdings
CPRI
$1.55B
| $2.43M | 0.02% |
47,645
-32,678
| -41% | -$1.54M |
|
137
ScottsMiracle-Gro
SMG
$3.55B
| $2.4M | 0.02% |
9,810
-539
| -5% | -$122K |
|
138
Qualcomm
QCOM
$169B
| $2.38M | 0.02% |
+17,984
| New | +$2.59M |
|
139
Goldman Sachs
GS
$303B
| $2.38M | 0.02% |
7,285
+339
| +5% | +$106K |
|
140
United Rentals
URI
$68.4B
| $2.36M | 0.02% |
7,170
-5,219
| -42% | -$1.48M |
|
141
Yum! Brands
YUM
$41.8B
| $2.35M | 0.02% |
+21,748
| New | +$2.3M |
|
142
PVH
PVH
$3.62B
| $2.27M | 0.02% |
21,474
+3,696
| +21% | +$365K |
|
|
AJAX.WS
143
DELISTED
Capri Listco Redeemable Warrants, each warrant exercisable for one Class A ordinary share at an exer
AJAX.WS
| $2.14M | 0.02% |
+1,264,571
| New | +$3.73M |
|
144
Boston Beer
SAM
$1.91B
| $2.12M | 0.02% |
1,754
-1,040
| -37% | -$1.09M |
|
|
CLGX
145
DELISTED
Corelogic, Inc.
CLGX
| $2.1M | 0.02% |
26,527
+15,500
| +141% | +$1.24M |
|
146
LGI Homes
LGIH
$1.35B
| $2.08M | 0.02% |
13,910
+1,827
| +15% | +$219K |
|
147
Western Union
WU
$2.28B
| $2.04M | 0.02% |
82,676
+28,554
| +53% | +$672K |
|
148
Diageo
DEO
$52.6B
| $1.99M | 0.02% |
12,140
-24,018
| -66% | -$3.93M |
|
149
Carter's
CRI
$1.31B
| $1.96M | 0.02% |
+22,042
| New | +$2.04M |
|
|
TWNK
150
DELISTED
Hostess Brands, Inc. Class A Common Stock
TWNK
| $1.96M | 0.02% |
+136,657
| New | +$2.01M |
|
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Lee Ainslie's Q1 2021 Portfolio in Review
As of Q1 2021, Lee Ainslie held 930 positions worth $10.9B, up 74% from $6.25B the previous quarter. Its ten largest holdings account for 65% of the portfolio.
Lee Ainslie deployed $4.39B of net new capital in Q1 2021, opening 269 new positions and adding to 166 existing holdings. Its largest new stake was Coupang: 110,527,590 shares worth $5.03B.
By sector, the portfolio is most concentrated in Consumer Discretionary at 55% of assets, up from 19% a quarter earlier, followed by Healthcare and Technology.
On the sell side, the largest reduction was DuPont de Nemours, an estimated $314M trimmed.
- Lee Ainslie's largest Q1 2021 buy was Coupang: 110,527,590 shares worth $5.03B.
- Lee Ainslie added most to Amazon in Q1 2021, an estimated $116M increase.
- Lee Ainslie's biggest Q1 2021 reduction was DuPont de Nemours, cutting an estimated $314M.
- Lee Ainslie fully exited Perspecta Inc. Common Stock in Q1 2021, selling an estimated $110M.
- Lee Ainslie's ten largest holdings make up 65% of its $10.9B portfolio in Q1 2021.
- Lee Ainslie opened 269 new positions and closed 242 in Q1 2021.
- Lee Ainslie's portfolio value rose 74% quarter-over-quarter to $10.9B.
Based on Maverick Capital's 13F filing for Q1 2021, filed 17 May 2021.