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 |
NVIDIA
NVDA
|
+$100M |
| 2 |
Constellation Energy
CEG
|
+$66.6M |
| 3 |
UnitedHealth
UNH
|
+$64.1M |
| 4 |
Nu Holdings
NU
|
+$57.3M |
| 5 |
Arista Networks
ANET
|
+$36.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Avantor
AVTR
|
+$117M |
| 2 |
OSH
Oak Street Health, Inc.
OSH
|
+$116M |
| 3 |
Meta Platforms (Facebook)
META
|
+$99.7M |
| 4 |
T-Mobile US
TMUS
|
+$90.3M |
| 5 |
Crown Holdings
CCK
|
+$60.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 40.31% |
| 2 | Technology | 23.26% |
| 3 | Healthcare | 9.91% |
| 4 | Communication Services | 8.8% |
| 5 | Financials | 5.04% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
151
Texas Instruments
TXN
$241B
| $978K | 0.02% |
+5,256
| New | +$924K |
|
152
Ameriprise Financial
AMP
$49.1B
| $972K | 0.02% |
+3,172
| New | +$1.04M |
|
153
Marathon Petroleum
MPC
$101B
| $963K | 0.02% |
7,139
+2,348
| +49% | +$294K |
|
|
AXNX
154
DELISTED
Axonics, Inc. Common Stock
AXNX
| $956K | 0.02% |
17,527
+6,506
| +59% | +$380K |
|
|
MRO
155
DELISTED
Marathon Oil Corporation
MRO
| $952K | 0.02% |
39,753
+15,098
| +61% | +$386K |
|
156
Grocery Outlet
GO
$1.15B
| $934K | 0.02% |
33,051
-41,264
| -56% | -$1.18M |
|
157
Johnson & Johnson
JNJ
$651B
| $908K | 0.02% |
5,858
-6,398
| -52% | -$1.03M |
|
158
Carnival Corporation Ltd
CCL
$35.2B
| $903K | 0.02% |
88,985
-57,146
| -39% | -$592K |
|
159
Cognex
CGNX
$10.2B
| $903K | 0.02% |
+18,220
| New | +$922K |
|
|
AUY
160
DELISTED
Yamana Gold, Inc.
AUY
| $889K | 0.02% |
152,049
+94,076
| +162% | +$535K |
|
161
Ford
F
$57.5B
| $881K | 0.02% |
+69,932
| New | +$876K |
|
162
Children's Place
PLCE
$55.4M
| $868K | 0.02% |
21,571
-4,431
| -17% | -$182K |
|
163
TripAdvisor
TRIP
$1.17B
| $861K | 0.02% |
43,355
-41,085
| -49% | -$878K |
|
164
Monro
MNRO
$392M
| $857K | 0.02% |
17,339
-30,511
| -64% | -$1.52M |
|
165
PENN Entertainment
PENN
$2.5B
| $857K | 0.02% |
+28,884
| New | +$896K |
|
166
Roblox
RBLX
$27.4B
| $846K | 0.02% |
+18,813
| New | +$719K |
|
167
ASML
ASML
$677B
| $846K | 0.02% |
1,243
-8,044
| -87% | -$5.17M |
|
168
ADT
ADT
$5.39B
| $845K | 0.02% |
+116,926
| New | +$953K |
|
169
OneMain Financial
OMF
$7.27B
| $843K | 0.02% |
22,739
+10,553
| +87% | +$424K |
|
170
Global Payments
GPN
$24.7B
| $833K | 0.02% |
+7,912
| New | +$857K |
|
|
TMHC
171
DELISTED
Taylor Morrison
TMHC
| $822K | 0.02% |
21,483
+14,403
| +203% | +$506K |
|
172
Adobe
ADBE
$109B
| $816K | 0.02% |
2,118
+412
| +24% | +$146K |
|
173
Ollie's Bargain Outlet
OLLI
$4.6B
| $816K | 0.02% |
14,086
-119,100
| -89% | -$6.55M |
|
174
Flowers Foods
FLO
$1.47B
| $801K | 0.02% |
29,239
-29,449
| -50% | -$812K |
|
175
The Mosaic Company
MOS
$7.76B
| $798K | 0.02% |
17,400
+10,561
| +154% | +$511K |
|
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Lee Ainslie's Q1 2023 Portfolio in Review
As of Q1 2023, Lee Ainslie held 571 positions worth $3.95B, down 6.4% from $4.22B the previous quarter. Its ten largest holdings account for 57% of the portfolio.
Lee Ainslie withdrew a net $730M in Q1 2023, closing 122 positions and reducing 94 holdings. Its most notable exit was Avantor, an estimated $117M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 40% of assets, up from 38% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Lee Ainslie opened a new position in NVIDIA worth $129M.
- Lee Ainslie's largest Q1 2023 buy was NVIDIA: 4,637,530 shares worth $129M.
- Lee Ainslie added most to UnitedHealth in Q1 2023, an estimated $64.1M increase.
- Lee Ainslie's biggest Q1 2023 reduction was Meta Platforms (Facebook), cutting an estimated $99.7M.
- Lee Ainslie fully exited Avantor in Q1 2023, selling an estimated $117M.
- Lee Ainslie's ten largest holdings make up 57% of its $3.95B portfolio in Q1 2023.
- Lee Ainslie opened 194 new positions and closed 122 in Q1 2023.
- Lee Ainslie's portfolio value fell 6.4% quarter-over-quarter to $3.95B.
Based on Maverick Capital's 13F filing for Q1 2023, filed 15 May 2023.