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 |
Dollar Tree
DLTR
|
+$376M |
| 2 |
Walt Disney
DIS
|
+$372M |
| 3 |
Mastercard
MA
|
+$204M |
| 4 |
Mohawk Industries
MHK
|
+$93.9M |
| 5 |
T-Mobile US
TMUS
|
+$91.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Visa
V
|
+$223M |
| 2 |
Universal Health Services
UHS
|
+$120M |
| 3 |
Meta Platforms (Facebook)
META
|
+$111M |
| 4 |
EVHC
Envision Healthcare Holdings Inc
EVHC
|
+$110M |
| 5 |
Molson Coors Class B
TAP
|
+$81.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 21.29% |
| 2 | Technology | 18.75% |
| 3 | Consumer Discretionary | 18.68% |
| 4 | Healthcare | 16.13% |
| 5 | Consumer Staples | 8.3% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
201
Dave & Buster's
PLAY
$357M
| $2.46M | 0.03% |
+51,660
| New | +$2.29M |
|
202
Keysight
KEYS
$53.8B
| $2.37M | 0.03% |
+40,140
| New | +$2.23M |
|
203
Olin
OLN
$2.1B
| $2.23M | 0.03% |
+77,790
| New | +$2.42M |
|
204
3M
MMM
$92.3B
| $2.22M | 0.03% |
+13,515
| New | +$2.31M |
|
205
Guidewire Software
GWRE
$15.8B
| $2.2M | 0.03% |
+24,730
| New | +$2.19M |
|
206
Louisiana-Pacific
LPX
$5.12B
| $2.19M | 0.03% |
80,330
+240
| +0.3% | +$6.91K |
|
207
Intuit
INTU
$100B
| $2.02M | 0.02% |
+9,870
| New | +$1.89M |
|
|
X
208
DELISTED
US Steel
X
| $1.96M | 0.02% |
56,460
+21,940
| +64% | +$785K |
|
209
Albemarle
ALB
$16.9B
| $1.88M | 0.02% |
+19,890
| New | +$1.91M |
|
210
GoPro
GPRO
$116M
| $1.86M | 0.02% |
+288,340
| New | +$1.61M |
|
211
Brunswick
BC
$5.24B
| $1.84M | 0.02% |
+28,530
| New | +$1.78M |
|
|
MDSO
212
DELISTED
Medidata Solutions, Inc.
MDSO
| $1.74M | 0.02% |
+21,600
| New | +$1.62M |
|
213
Ross Stores
ROST
$76.7B
| $1.62M | 0.02% |
19,160
-27,560
| -59% | -$2.24M |
|
|
SFLY
214
DELISTED
Shutterfly, Inc.
SFLY
| $1.56M | 0.02% |
+17,380
| New | +$1.56M |
|
215
Church & Dwight Co
CHD
$23.4B
| $1.53M | 0.02% |
+28,700
| New | +$1.39M |
|
216
Dine Brands
DIN
$454M
| $1.43M | 0.02% |
19,070
-279,380
| -94% | -$20.2M |
|
217
Southwest Airlines
LUV
$19.8B
| $1.37M | 0.02% |
27,000
-133,900
| -83% | -$7.05M |
|
218
Dollar General
DG
$27.2B
| $1.34M | 0.02% |
+13,620
| New | +$1.31M |
|
|
SONC
219
DELISTED
Sonic Corp
SONC
| $1.33M | 0.02% |
+38,725
| New | +$1.08M |
|
220
Patrick Industries
PATK
$2.68B
| $1.27M | 0.01% |
+33,420
| New | +$1.32M |
|
|
FRAN
221
DELISTED
Francesca's Holdings Corporation
FRAN
| $1.23M | 0.01% |
+13,555
| New | +$931K |
|
222
Oxford Industries
OXM
$540M
| $1.03M | 0.01% |
12,470
+2,300
| +23% | +$185K |
|
223
Zumiez
ZUMZ
$308M
| $994K | 0.01% |
+39,699
| New | +$988K |
|
224
Monro
MNRO
$392M
| $971K | 0.01% |
+16,716
| New | +$944K |
|
225
Wayfair
W
$13.9B
| $922K | 0.01% |
+7,760
| New | +$674K |
|
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Lee Ainslie's Q2 2018 Portfolio in Review
As of Q2 2018, Lee Ainslie held 315 positions worth $8.55B, up 10% from $7.75B the previous quarter. Its ten largest holdings account for 43% of the portfolio.
Lee Ainslie deployed $387M of net new capital in Q2 2018, opening 97 new positions and adding to 49 existing holdings. Its largest new stake was Walt Disney: 3,640,348 shares worth $382M.
By sector, the portfolio is most concentrated in Communication Services at 21% of assets, up from 18% a quarter earlier, followed by Technology and Consumer Discretionary.
On the sell side, the largest reduction was Visa, an estimated $223M trimmed.
- Lee Ainslie's largest Q2 2018 buy was Walt Disney: 3,640,348 shares worth $382M.
- Lee Ainslie added most to Dollar Tree in Q2 2018, an estimated $376M increase.
- Lee Ainslie's biggest Q2 2018 reduction was Visa, cutting an estimated $223M.
- Lee Ainslie fully exited Molson Coors Class B in Q2 2018, selling an estimated $81.5M.
- Lee Ainslie's ten largest holdings make up 43% of its $8.55B portfolio in Q2 2018.
- Lee Ainslie opened 97 new positions and closed 80 in Q2 2018.
- Lee Ainslie's portfolio value rose 10% quarter-over-quarter to $8.55B.
Based on Maverick Capital's 13F filing for Q2 2018, filed 14 Aug 2018.