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 | |
|---|---|---|---|---|---|---|
|
WRK
176
DELISTED
WestRock Company
WRK
| $630K | 0.01% |
+12,731
| New | +$556K |
|
177
RELX
RELX
$62.6B
| $627K | 0.01% |
14,481
+5,921
| +69% | +$250K |
|
178
Qualys
QLYS
$6.3B
| $625K | 0.01% |
3,745
+1,596
| +74% | +$282K |
|
179
Hewlett Packard
HPE
$70.8B
| $618K | 0.01% |
34,871
+11,447
| +49% | +$186K |
|
180
Armstrong World Industries
AWI
$7.55B
| $609K | 0.01% |
+4,903
| New | +$541K |
|
181
Hexcel
HXL
$7.1B
| $607K | 0.01% |
+8,327
| New | +$599K |
|
182
Zoetis
ZTS
$32.1B
| $601K | 0.01% |
+3,550
| New | +$665K |
|
183
Expedia Group
EXPE
$38.6B
| $596K | 0.01% |
+4,324
| New | +$615K |
|
184
Nutanix
NTNX
$18.3B
| $595K | 0.01% |
9,634
+386
| +4% | +$22.3K |
|
185
DaVita
DVA
$11.1B
| $594K | 0.01% |
+4,305
| New | +$516K |
|
186
Installed Building Products
IBP
$6.56B
| $589K | 0.01% |
+2,277
| New | +$488K |
|
187
Kemper
KMPR
$1.59B
| $588K | 0.01% |
+9,490
| New | +$544K |
|
188
Bank OZK
OZK
$5.39B
| $585K | 0.01% |
+12,865
| New | +$576K |
|
189
Affiliated Managers Group
AMG
$9.21B
| $580K | 0.01% |
+3,464
| New | +$539K |
|
190
Visteon
VC
$2.83B
| $579K | 0.01% |
+4,925
| New | +$575K |
|
191
Groupon
GRPN
$797M
| $571K | 0.01% |
+42,807
| New | +$652K |
|
192
Bloomin' Brands
BLMN
$996M
| $570K | 0.01% |
19,858
-65,596
| -77% | -$1.78M |
|
193
ExxonMobil
XOM
$679B
| $562K | 0.01% |
+4,831
| New | +$505K |
|
194
Brookdale Senior Living
BKD
$2.82B
| $558K | 0.01% |
84,370
+44,640
| +112% | +$260K |
|
195
Union Pacific
UNP
$183B
| $554K | 0.01% |
+2,253
| New | +$554K |
|
196
International Paper
IP
$22B
| $541K | 0.01% |
+13,874
| New | +$503K |
|
197
Clear Secure
YOU
$4.46B
| $541K | 0.01% |
+25,444
| New | +$506K |
|
|
HPP
198
Hudson Pacific Properties
HPP
$787M
| $541K | 0.01% |
+11,979
| New | +$632K |
|
199
Timken Company
TKR
$8.67B
| $541K | 0.01% |
+6,185
| New | +$510K |
|
200
Steven Madden
SHOO
$3.37B
| $539K | 0.01% |
+12,751
| New | +$538K |
|
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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.