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Lee Ainslie Maverick Capital

AUM $11.3B
1-Year Est. Return 76.6%
 

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.

This Fund
S&P 500
This Quarter Est. Return
-0.48%
1 Year Est. Return
+76.6%
3 Year Est. Return
+266.43%
5 Year Est. Return
+219.63%
10 Year Est. Return
+601.38%
AUM
$6.32B
AUM Growth
-$621M
Cap. Flow
-$574M
Cap. Flow %
-9.08%
Top 10 Hldgs %
52.25%
Holding
158
New
36
Increased
81
Reduced
13
Closed
26

Top Buys

Rank Stock Value
1
BKNG icon
Booking.com
BKNG
+$313M
2
LRCX icon
Lam Research
LRCX
+$216M
3
AGN
Allergan plc
AGN
+$209M
4
META icon
Meta Platforms (Facebook)
META
+$168M
5
NOC icon
Northrop Grumman
NOC
+$124M

Top Sells

Rank Stock Value
1
ARRS
ARRIS International plc Ordinary Shares
ARRS
+$356M
2
SC
SANTANDER CONSUMER USA HOLDINGS INC
SC
+$224M
3
PF
Pinnacle Foods, Inc.
PF
+$196M
4
CPAY icon
Corpay
CPAY
+$193M
5
CHTR icon
Charter Communications
CHTR
+$174M

Sector Composition

Rank Sector Weight
1 Technology 29.27%
2 Industrials 17.35%
3 Healthcare 17.13%
4 Communication Services 15.1%
5 Consumer Staples 8.49%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SC
151
DELISTED
SANTANDER CONSUMER USA HOLDINGS INC
SC
– –
-14,116,046
Closed -$224M
CLGX
152
DELISTED
Corelogic, Inc.
CLGX
– –
-6,750
Closed -$229K
LOGM
153
DELISTED
LogMein, Inc.
LOGM
– –
-3,650
Closed -$245K
ARRS
154
DELISTED
ARRIS International plc Ordinary Shares
ARRS
– –
-11,642,994
Closed -$356M
RAI
155
DELISTED
Reynolds American Inc
RAI
– –
-24,090
Closed -$1.11M
CHMT
156
DELISTED
Chemtura Corporation
CHMT
– –
-8,490
Closed -$232K
NRF
157
DELISTED
NorthStar Realty Finance Corp.
NRF
– –
-3,655,573
Closed -$62.3M
JAH
158
DELISTED
JARDEN CORPORATION
JAH
– –
-1,773,514
Closed -$101M
3 4 5 6
7

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Lee Ainslie's Q1 2016 Portfolio in Review

As of Q1 2016, Lee Ainslie held 158 positions worth $6.32B, down 8.9% from $6.94B the previous quarter. Its ten largest holdings account for 52% of the portfolio.

Lee Ainslie withdrew a net $574M in Q1 2016, closing 26 positions and reducing 13 holdings. Its most notable exit was ARRIS International plc Ordinary Shares, an estimated $356M position sold in full.

By sector, the portfolio is most concentrated in Technology at 29% of assets, up from 27% a quarter earlier, followed by Industrials and Healthcare.

Against the trend, Lee Ainslie opened a new position in Lam Research worth $246M.

  • Lee Ainslie's largest Q1 2016 buy was Lam Research: 29,760,020 shares worth $246M.
  • Lee Ainslie added most to Booking.com in Q1 2016, an estimated $313M increase.
  • Lee Ainslie's biggest Q1 2016 reduction was Pinnacle Foods, Inc., cutting an estimated $196M.
  • Lee Ainslie fully exited ARRIS International plc Ordinary Shares in Q1 2016, selling an estimated $356M.
  • Lee Ainslie's ten largest holdings make up 52% of its $6.32B portfolio in Q1 2016.
  • Lee Ainslie opened 36 new positions and closed 26 in Q1 2016.
  • Lee Ainslie's portfolio value fell 8.9% quarter-over-quarter to $6.32B.

Based on Maverick Capital's 13F filing for Q1 2016, filed 16 May 2016.