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 | |
|---|---|---|---|---|---|---|
176
Teck Resources
TECK
$33.9B
| $795K | 0.02% |
21,768
+1,361
| +7% | +$54K |
|
177
MSCI
MSCI
$41B
| $793K | 0.02% |
1,416
+743
| +110% | +$393K |
|
178
Qorvo
QRVO
$8.43B
| $790K | 0.02% |
7,780
+3,403
| +78% | +$345K |
|
179
Hilton Worldwide
HLT
$73.5B
| $785K | 0.02% |
5,571
-3,641
| -40% | -$513K |
|
180
Quest Diagnostics
DGX
$27B
| $784K | 0.02% |
+5,543
| New | +$793K |
|
181
Axcelis
ACLS
$3.92B
| $782K | 0.02% |
5,872
-2,580
| -31% | -$303K |
|
182
Oxford Industries
OXM
$540M
| $775K | 0.02% |
7,344
+2,625
| +56% | +$293K |
|
183
MDU Resources
MDU
$4.2B
| $772K | 0.02% |
+66,591
| New | +$774K |
|
184
Micron Technology
MU
$1.09T
| $770K | 0.02% |
12,760
+4,881
| +62% | +$286K |
|
185
Las Vegas Sands
LVS
$30.5B
| $766K | 0.02% |
+13,340
| New | +$747K |
|
186
Primerica
PRI
$9.1B
| $755K | 0.02% |
4,385
+100
| +2% | +$16.4K |
|
187
DXC Technology
DXC
$1.73B
| $750K | 0.02% |
29,341
+13,016
| +80% | +$355K |
|
188
CALL
Atara Biotherapeutics
ATRA
$97.4M
| $739K | 0.02% |
+10,188
| New | +$988K |
|
189
Hewlett Packard
HPE
$70.8B
| $730K | 0.02% |
45,850
-104,105
| -69% | -$1.64M |
|
190
Signet Jewelers
SIG
$3.16B
| $727K | 0.02% |
9,346
-32,680
| -78% | -$2.42M |
|
191
Champion Homes
SKY
$4.9B
| $726K | 0.02% |
+9,651
| New | +$622K |
|
192
Curtiss-Wright
CW
$23.5B
| $709K | 0.02% |
+4,023
| New | +$681K |
|
|
GTM
193
ZoomInfo Technologies
GTM
$1.16B
| $693K | 0.02% |
+28,054
| New | +$720K |
|
194
Skyworks Solutions
SWKS
$10.1B
| $693K | 0.02% |
5,871
+2,816
| +92% | +$312K |
|
195
Live Nation Entertainment
LYV
$42.4B
| $692K | 0.02% |
+9,888
| New | +$725K |
|
196
Broadcom
AVGO
$1.75T
| $684K | 0.02% |
10,660
+4,600
| +76% | +$277K |
|
|
X
197
DELISTED
US Steel
X
| $667K | 0.02% |
+25,552
| New | +$710K |
|
198
Cigna
CI
$73.3B
| $662K | 0.02% |
+2,590
| New | +$755K |
|
199
Cooper Companies
COO
$14.9B
| $655K | 0.02% |
+7,016
| New | +$603K |
|
200
Kroger
KR
$35.5B
| $652K | 0.02% |
13,211
-8,983
| -40% | -$411K |
|
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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.