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 |
CTLT
CATALENT, INC.
CTLT
|
+$76.2M |
| 2 |
CBRE Group
CBRE
|
+$62.8M |
| 3 |
Jones Lang LaSalle
JLL
|
+$59.7M |
| 4 |
Meta Platforms (Facebook)
META
|
+$56.7M |
| 5 |
Applied Materials
AMAT
|
+$46.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Coupang
CPNG
|
+$89.1M |
| 2 |
Humana
HUM
|
+$59.3M |
| 3 |
T-Mobile US
TMUS
|
+$57.7M |
| 4 |
Visa
V
|
+$52.7M |
| 5 |
ASZ.U
Austerlitz Acquisition Corporation II Units, each consisting of one Class A ordinary share and one-fourth of one redeemable warrant
ASZ.U
|
+$38.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 37.51% |
| 2 | Technology | 18.29% |
| 3 | Healthcare | 16% |
| 4 | Communication Services | 10.42% |
| 5 | Financials | 5.14% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
201
O-I Glass
OI
$1.11B
| $452K | 0.01% |
27,283
-1,089
| -4% | -$17.5K |
|
202
HubSpot
HUBS
$12.1B
| $446K | 0.01% |
1,543
+453
| +42% | +$128K |
|
203
Synchrony
SYF
$26.2B
| $442K | 0.01% |
13,443
+2,705
| +25% | +$92.7K |
|
204
Oxford Industries
OXM
$550M
| $440K | 0.01% |
4,719
-62,035
| -93% | -$6.21M |
|
205
WEX
WEX
$6.9B
| $438K | 0.01% |
2,676
+439
| +20% | +$68.3K |
|
206
DXC Technology
DXC
$1.73B
| $433K | 0.01% |
16,325
+1,104
| +7% | +$30.7K |
|
207
Keurig Dr Pepper
KDP
$44.3B
| $431K | 0.01% |
12,080
-14,625
| -55% | -$548K |
|
|
BIG
208
DELISTED
Big Lots, Inc.
BIG
| $427K | 0.01% |
29,042
+3,591
| +14% | +$61.8K |
|
209
Stellantis
STLA
$19.5B
| $424K | 0.01% |
+29,860
| New | +$416K |
|
210
CF Industries
CF
$19.6B
| $423K | 0.01% |
4,970
+513
| +12% | +$52.1K |
|
|
HIBB
211
DELISTED
Hibbett, Inc. Common Stock
HIBB
| $423K | 0.01% |
6,205
-26,208
| -81% | -$1.63M |
|
212
PennyMac Financial
PFSI
$3.9B
| $423K | 0.01% |
7,468
+1,873
| +33% | +$99.2K |
|
213
Credit Acceptance
CACC
$6.26B
| $417K | 0.01% |
879
-2,297
| -72% | -$1.05M |
|
214
Triumph Financial Inc
TFIN
$1.77B
| $414K | 0.01% |
+8,474
| New | +$458K |
|
215
NatWest
NWG
$74.4B
| $414K | 0.01% |
64,043
+14,829
| +30% | +$86.9K |
|
216
OneMain Financial
OMF
$7.29B
| $406K | 0.01% |
12,186
+2,551
| +26% | +$90.4K |
|
217
Arvinas
ARVN
$610M
| $406K | 0.01% |
11,856
+3,796
| +47% | +$160K |
|
|
PLYA
218
DELISTED
Playa Hotels & Resorts
PLYA
| $405K | 0.01% |
62,013
+16,352
| +36% | +$97.1K |
|
219
GoDaddy
GDDY
$12.7B
| $402K | 0.01% |
5,377
+1,595
| +42% | +$120K |
|
220
Qorvo
QRVO
$8.37B
| $397K | 0.01% |
4,377
+557
| +15% | +$50.3K |
|
221
Merit Medical Systems
MMSI
$5.4B
| $396K | 0.01% |
5,612
+511
| +10% | +$34.1K |
|
222
Playtika
PLTK
$931M
| $394K | 0.01% |
46,310
+18,807
| +68% | +$174K |
|
223
Micron Technology
MU
$1.03T
| $394K | 0.01% |
7,879
+1,898
| +32% | +$104K |
|
224
Coursera
COUR
$1.62B
| $394K | 0.01% |
+33,268
| New | +$419K |
|
225
Equitable Holdings
EQH
$13.4B
| $393K | 0.01% |
+13,708
| New | +$406K |
|
Similar funds
Lee Ainslie's Q4 2022 Portfolio in Review
As of Q4 2022, Lee Ainslie held 468 positions worth $4.22B, down 4.9% from $4.44B the previous quarter. Its ten largest holdings account for 54% of the portfolio.
Lee Ainslie withdrew a net $128M in Q4 2022, closing 91 positions and reducing 87 holdings. Its most notable exit was Austerlitz Acquisition Corporation II Units, each consisting of one Class A ordinary share and one-fourth of one redeemable warrant, an estimated $38.8M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 38% of assets, down from 42% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Lee Ainslie opened a new position in CATALENT, INC. worth $63.1M.
- Lee Ainslie's largest Q4 2022 buy was CATALENT, INC.: 1,401,649 shares worth $63.1M.
- Lee Ainslie added most to Jones Lang LaSalle in Q4 2022, an estimated $59.7M increase.
- Lee Ainslie's biggest Q4 2022 reduction was Coupang, cutting an estimated $89.1M.
- Lee Ainslie fully exited Austerlitz Acquisition Corporation II Units, each consisting of one Class A ordinary share and one-fourth of one redeemable warrant in Q4 2022, selling an estimated $38.8M.
- Lee Ainslie's ten largest holdings make up 54% of its $4.22B portfolio in Q4 2022.
- Lee Ainslie opened 124 new positions and closed 91 in Q4 2022.
- Lee Ainslie's portfolio value fell 4.9% quarter-over-quarter to $4.22B.
Based on Maverick Capital's 13F filing for Q4 2022, filed 14 Feb 2023.