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 |
Meta Platforms (Facebook)
META
|
+$227M |
| 2 |
Dollar Tree
DLTR
|
+$160M |
| 3 |
Amazon
AMZN
|
+$137M |
| 4 |
Air Products & Chemicals
APD
|
+$57.8M |
| 5 |
Lam Research
LRCX
|
+$57.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Corpay
CPAY
|
+$242M |
| 2 |
DuPont de Nemours
DD
|
+$228M |
| 3 |
Restaurant Brands International
QSR
|
+$185M |
| 4 |
VISN
Vistance Networks Inc
VISN
|
+$176M |
| 5 |
Alibaba
BABA
|
+$135M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 22.72% |
| 2 | Communication Services | 19.37% |
| 3 | Consumer Discretionary | 18.3% |
| 4 | Technology | 15.31% |
| 5 | Materials | 7.94% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
201
Genworth Financial
GNW
$3.74B
| $1.64M | 0.03% |
711,269
+513,793
| +260% | +$1.62M |
|
202
Clorox
CLX
$13B
| $1.64M | 0.03% |
7,455
-4,859
| -39% | -$971K |
|
|
FTCH
203
DELISTED
Farfetch Limited Class A Ordinary Shares
FTCH
| $1.62M | 0.03% |
93,846
-776,392
| -89% | -$10.5M |
|
204
Atlassian
TEAM
$43.4B
| $1.6M | 0.03% |
8,870
+1,148
| +15% | +$191K |
|
|
HIBB
205
DELISTED
Hibbett, Inc. Common Stock
HIBB
| $1.59M | 0.03% |
+76,071
| New | +$1.27M |
|
206
Lumentum
LITE
$74.5B
| $1.58M | 0.03% |
+19,445
| New | +$1.48M |
|
207
New York Times
NYT
$10.9B
| $1.57M | 0.03% |
+37,478
| New | +$1.36M |
|
208
Planet Fitness
PLNT
$4.07B
| $1.57M | 0.03% |
26,010
+24,261
| +1,387% | +$1.46M |
|
209
Southwest Airlines
LUV
$19.9B
| $1.57M | 0.03% |
+45,930
| New | +$1.46M |
|
210
Wells Fargo
WFC
$256B
| $1.56M | 0.03% |
61,065
+53,896
| +752% | +$1.47M |
|
|
CSLT
211
DELISTED
CASTLIGHT HEALTH, INC.
CSLT
| $1.56M | 0.03% |
1,881,640
+66,126
| +4% | +$49.1K |
|
212
Cigna
CI
$74.1B
| $1.54M | 0.03% |
8,196
-1,147
| -12% | -$218K |
|
|
CMBT
213
CMB.TECH NV
CMBT
$5.27B
| $1.54M | 0.03% |
189,178
+91,932
| +95% | +$914K |
|
|
ANSS
214
DELISTED
Ansys
ANSS
| $1.53M | 0.03% |
5,255
-7,587
| -59% | -$2.02M |
|
215
Zscaler
ZS
$28.5B
| $1.53M | 0.03% |
+13,953
| New | +$1.16M |
|
|
MOMO
216
Hello Group
MOMO
$841M
| $1.52M | 0.03% |
86,860
-22,113
| -20% | -$465K |
|
|
AUY
217
DELISTED
Yamana Gold, Inc.
AUY
| $1.52M | 0.03% |
278,318
+16,695
| +6% | +$79.8K |
|
|
ALXN
218
DELISTED
Alexion Pharmaceuticals
ALXN
| $1.51M | 0.03% |
13,434
+11,315
| +534% | +$1.2M |
|
219
Steel Dynamics
STLD
$32.9B
| $1.5M | 0.03% |
57,482
-1,708
| -3% | -$42.7K |
|
220
Cardinal Health
CAH
$54B
| $1.47M | 0.03% |
28,209
-18,313
| -39% | -$944K |
|
221
eBay
EBAY
$47.7B
| $1.47M | 0.03% |
27,938
-30,455
| -52% | -$1.29M |
|
222
TriNet
TNET
$3.19B
| $1.46M | 0.03% |
+24,022
| New | +$1.2M |
|
|
SDC
223
DELISTED
SmileDirectClub, Inc. Class A Common Stock
SDC
| $1.46M | 0.03% |
185,309
-381,791
| -67% | -$2.59M |
|
224
American Eagle Outfitters
AEO
$2.83B
| $1.46M | 0.03% |
133,631
+68,195
| +104% | +$645K |
|
225
Western Union
WU
$2.28B
| $1.45M | 0.03% |
67,152
-12,955
| -16% | -$263K |
|
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Lee Ainslie's Q2 2020 Portfolio in Review
As of Q2 2020, Lee Ainslie held 731 positions worth $4.75B, up 0.4% from $4.74B the previous quarter. Its ten largest holdings account for 53% of the portfolio.
Lee Ainslie withdrew a net $1.26B in Q2 2020, closing 168 positions and reducing 190 holdings. Its most notable exit was Restaurant Brands International, an estimated $185M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 23% of assets, up from 21% a quarter earlier, followed by Communication Services and Consumer Discretionary.
Against the trend, Lee Ainslie opened a new position in American Express worth $59M.
- Lee Ainslie's largest Q2 2020 buy was American Express: 619,428 shares worth $59M.
- Lee Ainslie added most to Meta Platforms (Facebook) in Q2 2020, an estimated $227M increase.
- Lee Ainslie's biggest Q2 2020 reduction was Corpay, cutting an estimated $242M.
- Lee Ainslie fully exited Restaurant Brands International in Q2 2020, selling an estimated $185M.
- Lee Ainslie's ten largest holdings make up 53% of its $4.75B portfolio in Q2 2020.
- Lee Ainslie opened 265 new positions and closed 168 in Q2 2020.
- Lee Ainslie's portfolio value rose 0.4% quarter-over-quarter to $4.75B.
Based on Maverick Capital's 13F filing for Q2 2020, filed 14 Aug 2020.