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 | |
|---|---|---|---|---|---|---|
151
Vertiv
VRT
$101B
| $1.16M | 0.02% |
46,754
+17,666
| +61% | +$303K |
|
152
Ubiquiti
UI
$33.8B
| $1.15M | 0.02% |
6,551
+5,442
| +491% | +$1.1M |
|
153
Zoom
ZM
$31.5B
| $1.13M | 0.02% |
16,694
+12,584
| +306% | +$841K |
|
154
Quest Diagnostics
DGX
$27B
| $1.13M | 0.02% |
8,046
+2,503
| +45% | +$345K |
|
155
WEX
WEX
$6.81B
| $1.09M | 0.02% |
6,014
+3,217
| +115% | +$570K |
|
156
CVS Health
CVS
$119B
| $1.09M | 0.02% |
15,760
+8,842
| +128% | +$629K |
|
157
Applovin
APP
$102B
| $1.09M | 0.02% |
42,194
+14,045
| +50% | +$290K |
|
158
PagerDuty
PD
$950M
| $1.06M | 0.02% |
+47,027
| New | +$1.31M |
|
|
DENN
159
DELISTED
Denny's
DENN
| $1.05M | 0.02% |
85,416
-18,055
| -17% | -$205K |
|
160
iRhythm Holdings
IRTC
$4.24B
| $1.05M | 0.02% |
10,064
-1,950
| -16% | -$234K |
|
|
FISV
161
Fiserv Inc
FISV
$28B
| $1.04M | 0.02% |
+8,256
| New | +$972K |
|
162
Dave & Buster's
PLAY
$357M
| $1.03M | 0.02% |
23,128
-66,885
| -74% | -$2.44M |
|
163
Caterpillar
CAT
$381B
| $1.02M | 0.02% |
+4,148
| New | +$925K |
|
164
Enphase Energy
ENPH
$5.1B
| $1.02M | 0.02% |
6,077
+4,663
| +330% | +$833K |
|
165
Carnival Corporation Ltd
CCL
$35.2B
| $1.01M | 0.02% |
53,840
-35,145
| -39% | -$411K |
|
166
Nutanix
NTNX
$18.3B
| $984K | 0.02% |
35,068
-43,180
| -55% | -$1.15M |
|
167
GE Aerospace
GE
$361B
| $973K | 0.02% |
+11,100
| New | +$899K |
|
168
Delta Air Lines
DAL
$54.2B
| $965K | 0.02% |
20,301
+1,797
| +10% | +$66.3K |
|
169
TJX Companies
TJX
$155B
| $924K | 0.02% |
10,900
-16,316
| -60% | -$1.29M |
|
170
Buckle
BKE
$2.26B
| $913K | 0.02% |
26,393
+18,579
| +238% | +$623K |
|
171
Global Payments
GPN
$24.7B
| $910K | 0.02% |
9,241
+1,329
| +17% | +$137K |
|
|
BERY
172
DELISTED
Berry Global Group, Inc.
BERY
| $892K | 0.02% |
15,090
+6,310
| +72% | +$345K |
|
173
Travel + Leisure Co
TNL
$4.39B
| $890K | 0.02% |
22,057
-3,641
| -14% | -$140K |
|
174
Western Union
WU
$2.28B
| $865K | 0.02% |
+73,768
| New | +$850K |
|
175
eBay
EBAY
$46.3B
| $854K | 0.02% |
19,118
-7,370
| -28% | -$327K |
|
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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.