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 |
EA
Electronic Arts
EA
|
+$96.5M |
| 2 |
GFL Environmental
GFL
|
+$92.9M |
| 3 |
QuidelOrtho
QDEL
|
+$79.1M |
| 4 |
Astera Labs
ALAB
|
+$73.9M |
| 5 |
Natera
NTRA
|
+$60.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Coupang
CPNG
|
+$307M |
| 2 |
Constellation Brands
STZ
|
+$86.1M |
| 3 |
Domino's
DPZ
|
+$76.7M |
| 4 |
IMGN
Immunogen Inc
IMGN
|
+$73.9M |
| 5 |
Meta Platforms (Facebook)
META
|
+$70.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 32.34% |
| 2 | Technology | 17.7% |
| 3 | Healthcare | 16.82% |
| 4 | Financials | 10.98% |
| 5 | Real Estate | 5.15% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
151
Booz Allen Hamilton
BAH
$9.17B
| $813K | 0.02% |
+5,475
| New | +$771K |
|
152
Teva Pharmaceuticals
TEVA
$42.9B
| $812K | 0.02% |
57,545
-5,502
| -9% | -$69.4K |
|
153
Watts Water Technologies
WTS
$12.5B
| $802K | 0.02% |
3,773
+2,743
| +266% | +$556K |
|
|
CNR
154
Core Natural Resources Inc
CNR
$4.76B
| $792K | 0.01% |
+9,456
| New | +$844K |
|
155
Capri Holdings
CPRI
$1.55B
| $785K | 0.01% |
17,330
-16,775
| -49% | -$799K |
|
156
Energizer
ENR
$1.47B
| $778K | 0.01% |
26,411
-8,889
| -25% | -$269K |
|
157
Campbell Soup
CPB
$7.2B
| $775K | 0.01% |
17,445
-30,100
| -63% | -$1.3M |
|
158
Cheniere Energy
LNG
$57.3B
| $760K | 0.01% |
+4,711
| New | +$757K |
|
159
Live Nation Entertainment
LYV
$43.1B
| $755K | 0.01% |
7,142
+1,630
| +30% | +$154K |
|
160
Norfolk Southern
NSC
$78.7B
| $751K | 0.01% |
2,946
+1,247
| +73% | +$309K |
|
161
Northrop Grumman
NOC
$78.1B
| $746K | 0.01% |
+1,559
| New | +$718K |
|
162
Pinterest
PINS
$13.2B
| $744K | 0.01% |
21,459
+13,893
| +184% | +$505K |
|
163
Affirm
AFRM
$25.9B
| $741K | 0.01% |
+19,886
| New | +$794K |
|
164
Saic
SAIC
$5.36B
| $705K | 0.01% |
+5,406
| New | +$716K |
|
165
Veeva Systems
VEEV
$40.2B
| $704K | 0.01% |
3,038
+1,623
| +115% | +$350K |
|
|
DFS
166
DELISTED
Discover Financial Services
DFS
| $699K | 0.01% |
+5,334
| New | +$611K |
|
|
TGNA
167
DELISTED
TEGNA Inc
TGNA
| $698K | 0.01% |
+46,746
| New | +$694K |
|
168
Progressive
PGR
$130B
| $686K | 0.01% |
3,318
+138
| +4% | +$25.6K |
|
|
PARA
169
DELISTED
Paramount Global Class B
PARA
| $682K | 0.01% |
57,982
+8,069
| +16% | +$101K |
|
170
BlackLine
BL
$1.86B
| $668K | 0.01% |
+10,349
| New | +$628K |
|
171
Brookfield
BN
$93B
| $663K | 0.01% |
+23,762
| New | +$641K |
|
172
Avis
CAR
$5.22B
| $663K | 0.01% |
5,416
+3,751
| +225% | +$518K |
|
173
Chewy
CHWY
$10.1B
| $652K | 0.01% |
+41,003
| New | +$737K |
|
174
Fiverr
FVRR
$337M
| $642K | 0.01% |
+30,480
| New | +$763K |
|
175
Paychex
PAYX
$44.9B
| $639K | 0.01% |
5,207
-3,779
| -42% | -$459K |
|
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Lee Ainslie's Q1 2024 Portfolio in Review
As of Q1 2024, Lee Ainslie held 573 positions worth $5.32B, up 6.9% from $4.98B the previous quarter. Its ten largest holdings account for 45% of the portfolio.
Lee Ainslie withdrew a net $210M in Q1 2024, closing 168 positions and reducing 68 holdings. Its most notable exit was Immunogen Inc, an estimated $73.9M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 32% of assets, down from 36% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Lee Ainslie opened a new position in Electronic Arts worth $93.2M.
- Lee Ainslie's largest Q1 2024 buy was Electronic Arts: 702,830 shares worth $93.2M.
- Lee Ainslie added most to Starbucks in Q1 2024, an estimated $51.2M increase.
- Lee Ainslie's biggest Q1 2024 reduction was Coupang, cutting an estimated $307M.
- Lee Ainslie fully exited Immunogen Inc in Q1 2024, selling an estimated $73.9M.
- Lee Ainslie's ten largest holdings make up 45% of its $5.32B portfolio in Q1 2024.
- Lee Ainslie opened 225 new positions and closed 168 in Q1 2024.
- Lee Ainslie's portfolio value rose 6.9% quarter-over-quarter to $5.32B.
Based on Maverick Capital's 13F filing for Q1 2024, filed 15 May 2024.