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 |
Constellation Brands
STZ
|
+$139M |
| 2 |
Baxter International
BAX
|
+$121M |
| 3 |
Coupang
CPNG
|
+$85.7M |
| 4 |
BNY
Bank of New York Mellon
BNY
|
+$67.4M |
| 5 |
DoorDash
DASH
|
+$63.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Salesforce
CRM
|
+$91.7M |
| 2 |
CTLT
CATALENT, INC.
CTLT
|
+$69.4M |
| 3 |
UnitedHealth
UNH
|
+$64.8M |
| 4 |
Meta Platforms (Facebook)
META
|
+$57M |
| 5 |
IMGN
Immunogen Inc
IMGN
|
+$48M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 40.71% |
| 2 | Technology | 19.77% |
| 3 | Healthcare | 12.09% |
| 4 | Communication Services | 8.07% |
| 5 | Consumer Staples | 6.59% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
Diageo
DEO
$52.6B
| $1.44M | 0.03% |
+8,286
| New | +$1.48M |
|
127
Newell Brands
NWL
$2.59B
| $1.39M | 0.03% |
+159,509
| New | +$1.59M |
|
128
Gildan
GIL
$10.4B
| $1.35M | 0.03% |
42,003
-16,308
| -28% | -$500K |
|
|
CYBR
129
DELISTED
CyberArk
CYBR
| $1.32M | 0.03% |
+8,412
| New | +$1.2M |
|
130
Papa John's
PZZA
$788M
| $1.3M | 0.03% |
+17,597
| New | +$1.31M |
|
131
Chevron
CVX
$403B
| $1.29M | 0.03% |
+8,193
| New | +$1.31M |
|
132
National Vision
EYE
$1.41B
| $1.28M | 0.03% |
52,853
+780
| +1% | +$18.1K |
|
133
Ferrari
RACE
$76.7B
| $1.27M | 0.03% |
3,905
-1
| -0% | -$291 |
|
134
B&G Foods
BGS
$281M
| $1.27M | 0.03% |
91,194
+63,529
| +230% | +$914K |
|
135
Lennar Class A
LEN
$21B
| $1.26M | 0.03% |
10,411
-1,518
| -13% | -$166K |
|
|
K
136
DELISTED
Kellanova
K
| $1.26M | 0.03% |
19,913
+1,125
| +6% | +$71.7K |
|
137
Lumen
LUMN
$6.13B
| $1.25M | 0.03% |
554,071
+308,736
| +126% | +$680K |
|
138
Duolingo
DUOL
$6.84B
| $1.25M | 0.03% |
8,751
+1,339
| +18% | +$192K |
|
139
Jabil
JBL
$32.8B
| $1.25M | 0.03% |
11,571
-1,562
| -12% | -$138K |
|
140
Becton Dickinson
BDX
$52.3B
| $1.23M | 0.03% |
4,652
+2,426
| +109% | +$616K |
|
141
Hain Celestial
HAIN
$71.6M
| $1.21M | 0.03% |
+96,668
| New | +$1.42M |
|
142
Texas Instruments
TXN
$241B
| $1.2M | 0.03% |
6,656
+1,400
| +27% | +$241K |
|
143
Ashland
ASH
$3.33B
| $1.2M | 0.03% |
13,770
-2,234
| -14% | -$206K |
|
|
SNBR
144
DELISTED
Sleep Number
SNBR
| $1.19M | 0.03% |
+43,569
| New | +$995K |
|
145
United Airlines
UAL
$36.7B
| $1.18M | 0.03% |
21,563
+12,573
| +140% | +$594K |
|
146
Children's Place
PLCE
$55.4M
| $1.18M | 0.03% |
50,845
+29,274
| +136% | +$745K |
|
147
IBM
IBM
$222B
| $1.18M | 0.03% |
8,789
+125
| +1% | +$16.1K |
|
148
Pinterest
PINS
$13.3B
| $1.17M | 0.03% |
42,841
+27,450
| +178% | +$684K |
|
149
GE HealthCare
GEHC
$33.8B
| $1.17M | 0.02% |
+14,351
| New | +$1.15M |
|
|
FL
150
DELISTED
Foot Locker
FL
| $1.16M | 0.02% |
+42,894
| New | +$1.46M |
|
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Lee Ainslie's Q2 2023 Portfolio in Review
As of Q2 2023, Lee Ainslie held 579 positions worth $4.69B, up 19% from $3.95B the previous quarter. Its ten largest holdings account for 56% of the portfolio.
Lee Ainslie deployed $156M of net new capital in Q2 2023, opening 130 new positions and adding to 106 existing holdings. Its largest new stake was Constellation Brands: 592,121 shares worth $146M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 41% of assets, up from 40% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was Salesforce, an estimated $91.7M trimmed.
- Lee Ainslie's largest Q2 2023 buy was Constellation Brands: 592,121 shares worth $146M.
- Lee Ainslie added most to Coupang in Q2 2023, an estimated $85.7M increase.
- Lee Ainslie's biggest Q2 2023 reduction was Salesforce, cutting an estimated $91.7M.
- Lee Ainslie fully exited CATALENT, INC. in Q2 2023, selling an estimated $69.4M.
- Lee Ainslie's ten largest holdings make up 56% of its $4.69B portfolio in Q2 2023.
- Lee Ainslie opened 130 new positions and closed 187 in Q2 2023.
- Lee Ainslie's portfolio value rose 19% quarter-over-quarter to $4.69B.
Based on Maverick Capital's 13F filing for Q2 2023, filed 14 Aug 2023.