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 |
OSH
Oak Street Health, Inc.
OSH
|
+$150M |
| 2 |
Visa
V
|
+$84.7M |
| 3 |
TG Therapeutics
TGTX
|
+$71.1M |
| 4 |
Mastercard
MA
|
+$70.2M |
| 5 |
ATVI
Activision Blizzard
ATVI
|
+$66.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Coupang
CPNG
|
+$279M |
| 2 |
Centene
CNC
|
+$257M |
| 3 |
ONEM
1Life Healthcare
ONEM
|
+$74.1M |
| 4 |
International Flavors & Fragrances
IFF
|
+$69M |
| 5 |
Seer Inc
SEER
|
+$66M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 43.56% |
| 2 | Technology | 17.09% |
| 3 | Healthcare | 11.19% |
| 4 | Communication Services | 9.35% |
| 5 | Financials | 6.51% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
201
Olin
OLN
$2.1B
| $105K | ﹤0.01% |
1,822
-12,775
| -88% | -$716K |
|
|
JOBS
202
DELISTED
51job Inc
JOBS
| $105K | ﹤0.01% |
+2,152
| New | +$123K |
|
203
Mettler-Toledo International
MTD
$28B
| $104K | ﹤0.01% |
61
-789
| -93% | -$1.19M |
|
|
AAMI
204
Acadian Asset Management
AAMI
$3.28B
| $104K | ﹤0.01% |
4,080
-36,755
| -90% | -$1.03M |
|
205
Nutanix
NTNX
$18.3B
| $103K | ﹤0.01% |
3,220
-90,788
| -97% | -$3.11M |
|
|
LNW
206
DELISTED
Light & Wonder
LNW
| $102K | ﹤0.01% |
1,527
-6,554
| -81% | -$477K |
|
207
W.R. Berkley
WRB
$25.5B
| $102K | ﹤0.01% |
2,795
-11,121
| -80% | -$394K |
|
208
Domino's
DPZ
$11.3B
| $101K | ﹤0.01% |
179
-6
| -3% | -$3.05K |
|
209
Matsons
MATX
$6.66B
| $101K | ﹤0.01% |
1,119
-8,787
| -89% | -$749K |
|
|
PDCO
210
DELISTED
Patterson Companies, Inc.
PDCO
| $101K | ﹤0.01% |
3,448
-21,991
| -86% | -$689K |
|
211
British American Tobacco
BTI
$121B
| $99K | ﹤0.01% |
2,633
-14,120
| -84% | -$501K |
|
|
THS
212
DELISTED
Treehouse Foods
THS
| $99K | ﹤0.01% |
2,454
+622
| +34% | +$24K |
|
213
Fair Isaac
FICO
$25.3B
| $98K | ﹤0.01% |
226
-1,632
| -88% | -$648K |
|
214
Nordson
NDSN
$18.5B
| $98K | ﹤0.01% |
384
-3,189
| -89% | -$816K |
|
215
Norfolk Southern
NSC
$78.8B
| $98K | ﹤0.01% |
328
-5,338
| -94% | -$1.49M |
|
216
O'Reilly Automotive
ORLY
$72.1B
| $98K | ﹤0.01% |
2,085
+90
| +5% | +$3.9K |
|
217
Westlake Corp
WLK
$10.1B
| $98K | ﹤0.01% |
1,012
-8,385
| -89% | -$818K |
|
|
WW
218
DELISTED
WW International
WW
| $97K | ﹤0.01% |
5,998
+2,990
| +99% | +$53.7K |
|
219
Zoetis
ZTS
$32.1B
| $97K | ﹤0.01% |
398
-5,838
| -94% | -$1.28M |
|
220
CNO Financial Group
CNO
$4.95B
| $96K | ﹤0.01% |
4,043
-27,988
| -87% | -$687K |
|
221
Factset
FDS
$10.7B
| $95K | ﹤0.01% |
195
-1,184
| -86% | -$531K |
|
222
Globus Medical
GMED
$11.7B
| $94K | ﹤0.01% |
1,307
-9,226
| -88% | -$670K |
|
223
Reinsurance Group of America
RGA
$15.9B
| $93K | ﹤0.01% |
852
-4,681
| -85% | -$520K |
|
224
Zurn Elkay Water Solutions
ZWS
$8.13B
| $93K | ﹤0.01% |
+2,567
| New | +$92.4K |
|
225
Monster Beverage
MNST
$93.6B
| $92K | ﹤0.01% |
3,836
-213,168
| -98% | -$4.74M |
|
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Lee Ainslie's Q4 2021 Portfolio in Review
As of Q4 2021, Lee Ainslie held 681 positions worth $8.85B, down 11% from $9.92B the previous quarter. Its ten largest holdings account for 57% of the portfolio.
Lee Ainslie withdrew a net $1.02B in Q4 2021, closing 373 positions and reducing 179 holdings. Its most notable exit was Centene, an estimated $257M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 44% of assets, up from 41% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Lee Ainslie opened a new position in Rivian worth $51.8M.
- Lee Ainslie's largest Q4 2021 buy was Rivian: 500,000 shares worth $51.8M.
- Lee Ainslie added most to Oak Street Health, Inc. in Q4 2021, an estimated $150M increase.
- Lee Ainslie's biggest Q4 2021 reduction was Coupang, cutting an estimated $279M.
- Lee Ainslie fully exited Centene in Q4 2021, selling an estimated $257M.
- Lee Ainslie's ten largest holdings make up 57% of its $8.85B portfolio in Q4 2021.
- Lee Ainslie opened 56 new positions and closed 373 in Q4 2021.
- Lee Ainslie's portfolio value fell 11% quarter-over-quarter to $8.85B.
Based on Maverick Capital's 13F filing for Q4 2021, filed 14 Feb 2022.