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 |
lululemon athletica
LULU
|
+$91.4M |
| 2 |
Advanced Micro Devices
AMD
|
+$75M |
| 3 |
Netflix
NFLX
|
+$68.3M |
| 4 |
Broadcom
AVGO
|
+$57.7M |
| 5 |
LPL Financial
LPLA
|
+$50.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Coupang
CPNG
|
+$429M |
| 2 |
Meta Platforms (Facebook)
META
|
+$149M |
| 3 |
Camden Property Trust
CPT
|
+$127M |
| 4 |
Uber
UBER
|
+$102M |
| 5 |
Seagate
STX
|
+$66.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 28.25% |
| 2 | Technology | 25.43% |
| 3 | Healthcare | 19.35% |
| 4 | Financials | 8.64% |
| 5 | Consumer Staples | 5.8% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
Clarivate
CLVT
$1.33B
| $1.93M | 0.04% |
271,794
-4,721
| -2% | -$30.1K |
|
|
DOCU
127
DocuSign
DOCU
$11.8B
| $1.92M | 0.04% |
30,866
+1,498
| +5% | +$84K |
|
128
Deckers Outdoor
DECK
$12.5B
| $1.9M | 0.04% |
+11,946
| New | +$1.82M |
|
129
Qorvo
QRVO
$8.43B
| $1.89M | 0.04% |
18,339
+452
| +3% | +$50.8K |
|
130
Kyndryl
KD
$2.73B
| $1.87M | 0.04% |
81,525
+18,477
| +29% | +$451K |
|
|
CNR
131
Core Natural Resources Inc
CNR
$4.72B
| $1.86M | 0.04% |
17,783
+3,688
| +26% | +$359K |
|
132
Pinterest
PINS
$13.3B
| $1.85M | 0.04% |
57,180
+18,430
| +48% | +$626K |
|
133
Euronet Worldwide
EEFT
$2.62B
| $1.84M | 0.04% |
18,549
+3,633
| +24% | +$368K |
|
134
Alight
ALIT
$379M
| $1.83M | 0.04% |
+12,391
| New | +$1.78M |
|
135
Madison Square Garden
MSGE
$3.78B
| $1.82M | 0.04% |
42,775
-876
| -2% | -$34.2K |
|
|
LBRDK
136
DELISTED
Liberty Broadband Class C
LBRDK
| $1.8M | 0.04% |
+23,287
| New | +$1.44M |
|
137
CarGurus
CARG
$3.28B
| $1.79M | 0.04% |
59,748
-2,743
| -4% | -$73.9K |
|
138
Tower Semiconductor
TSEM
$25.2B
| $1.78M | 0.03% |
40,134
+1,157
| +3% | +$47.4K |
|
|
DESP
139
DELISTED
Despegar.com
DESP
| $1.78M | 0.03% |
143,217
+44,240
| +45% | +$532K |
|
140
Garrett Motion
GTX
$4.96B
| $1.76M | 0.03% |
215,531
+46,470
| +27% | +$391K |
|
141
Equitable Holdings
EQH
$13.3B
| $1.73M | 0.03% |
41,100
+4,260
| +12% | +$175K |
|
142
Eldorado Gold
EGO
$11.9B
| $1.73M | 0.03% |
99,439
+14,545
| +17% | +$245K |
|
143
FerroAtlántica
GSM
$762M
| $1.71M | 0.03% |
369,540
+139,002
| +60% | +$673K |
|
144
La-Z-Boy
LZB
$1.35B
| $1.7M | 0.03% |
39,508
-44,841
| -53% | -$1.85M |
|
145
Trimble
TRMB
$14B
| $1.69M | 0.03% |
+27,283
| New | +$1.52M |
|
146
Fortrea Holdings
FTRE
$1.75B
| $1.69M | 0.03% |
+84,690
| New | +$1.99M |
|
147
Zumiez
ZUMZ
$308M
| $1.69M | 0.03% |
+79,439
| New | +$1.9M |
|
148
TechnipFMC
FTI
$30.4B
| $1.68M | 0.03% |
64,139
+4,464
| +7% | +$118K |
|
149
Rapid7
RPD
$799M
| $1.68M | 0.03% |
+42,093
| New | +$1.58M |
|
150
Mohawk Industries
MHK
$9.23B
| $1.66M | 0.03% |
10,354
-675
| -6% | -$97.1K |
|
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Lee Ainslie's Q3 2024 Portfolio in Review
As of Q3 2024, Lee Ainslie held 347 positions worth $5.13B, down 2.7% from $5.27B the previous quarter. Its ten largest holdings account for 42% of the portfolio.
Lee Ainslie withdrew a net $594M in Q3 2024, closing 118 positions and reducing 47 holdings. Its most notable exit was Meta Platforms (Facebook), an estimated $149M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 28% of assets, down from 29% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Lee Ainslie opened a new position in lululemon athletica worth $93.5M.
- Lee Ainslie's largest Q3 2024 buy was lululemon athletica: 344,486 shares worth $93.5M.
- Lee Ainslie added most to Advanced Micro Devices in Q3 2024, an estimated $75M increase.
- Lee Ainslie's biggest Q3 2024 reduction was Coupang, cutting an estimated $429M.
- Lee Ainslie fully exited Meta Platforms (Facebook) in Q3 2024, selling an estimated $149M.
- Lee Ainslie's ten largest holdings make up 42% of its $5.13B portfolio in Q3 2024.
- Lee Ainslie opened 80 new positions and closed 118 in Q3 2024.
- Lee Ainslie's portfolio value fell 2.7% quarter-over-quarter to $5.13B.
Based on Maverick Capital's 13F filing for Q3 2024, filed 14 Nov 2024.