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 | |
|---|---|---|---|---|---|---|
151
Cardinal Health
CAH
$53.4B
| $1.88M | 0.04% |
40,083
+11,874
| +42% | +$609K |
|
152
Merck
MRK
$376B
| $1.88M | 0.03% |
23,717
-1,377
| -5% | -$108K |
|
153
Micron Technology
MU
$1.09T
| $1.88M | 0.03% |
39,918
-55,652
| -58% | -$2.69M |
|
154
Polaris
PII
$3.66B
| $1.87M | 0.03% |
19,780
-3,514
| -15% | -$346K |
|
155
Lear
LEA
$8.56B
| $1.86M | 0.03% |
17,097
+15,283
| +843% | +$1.74M |
|
156
First American
FAF
$7.33B
| $1.86M | 0.03% |
36,589
+22,978
| +169% | +$1.19M |
|
157
ScottsMiracle-Gro
SMG
$3.55B
| $1.85M | 0.03% |
12,124
-29,126
| -71% | -$4.5M |
|
158
Old Dominion Freight Line
ODFL
$42.8B
| $1.84M | 0.03% |
20,324
-5,240
| -20% | -$492K |
|
159
LKQ Corp
LKQ
$6.52B
| $1.82M | 0.03% |
65,783
+25,841
| +65% | +$762K |
|
160
Fossil Group
FOSL
$332M
| $1.8M | 0.03% |
314,071
+17,991
| +6% | +$95.9K |
|
161
RB Global
RBA
$16.1B
| $1.77M | 0.03% |
29,856
-13,907
| -32% | -$734K |
|
162
National Beverage
FIZZ
$3.03B
| $1.75M | 0.03% |
51,504
-11,486
| -18% | -$402K |
|
|
SGI
163
Somnigroup International
SGI
$13.6B
| $1.74M | 0.03% |
77,904
-63,388
| -45% | -$1.31M |
|
164
Dominion Energy
D
$58.6B
| $1.73M | 0.03% |
21,894
+19,631
| +867% | +$1.54M |
|
165
Labcorp
LH
$27.3B
| $1.72M | 0.03% |
+10,642
| New | +$1.69M |
|
166
Moody's
MCO
$87.2B
| $1.71M | 0.03% |
5,883
+3,286
| +127% | +$938K |
|
167
Arista Networks
ANET
$238B
| $1.69M | 0.03% |
130,832
+41,600
| +47% | +$571K |
|
168
Armstrong World Industries
AWI
$7.55B
| $1.69M | 0.03% |
+24,521
| New | +$1.79M |
|
169
Align Technology
ALGN
$11.5B
| $1.67M | 0.03% |
+5,112
| New | +$1.56M |
|
|
MIK
170
DELISTED
Michaels Stores, Inc
MIK
| $1.65M | 0.03% |
171,058
+115,254
| +207% | +$1M |
|
171
MSCI
MSCI
$41B
| $1.65M | 0.03% |
4,614
+3,525
| +324% | +$1.28M |
|
172
Planet Fitness
PLNT
$4.09B
| $1.63M | 0.03% |
26,398
+388
| +1% | +$22.3K |
|
|
CLGX
173
DELISTED
Corelogic, Inc.
CLGX
| $1.62M | 0.03% |
24,000
+2,890
| +14% | +$194K |
|
174
Zumiez
ZUMZ
$308M
| $1.62M | 0.03% |
58,327
-37,734
| -39% | -$987K |
|
175
Zebra Technologies
ZBRA
$17.4B
| $1.62M | 0.03% |
6,423
-14,418
| -69% | -$3.88M |
|
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.