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 |
NVIDIA
NVDA
|
+$100M |
| 2 |
Constellation Energy
CEG
|
+$66.6M |
| 3 |
UnitedHealth
UNH
|
+$64.1M |
| 4 |
Nu Holdings
NU
|
+$57.3M |
| 5 |
Arista Networks
ANET
|
+$36.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Avantor
AVTR
|
+$117M |
| 2 |
OSH
Oak Street Health, Inc.
OSH
|
+$116M |
| 3 |
Meta Platforms (Facebook)
META
|
+$99.7M |
| 4 |
T-Mobile US
TMUS
|
+$90.3M |
| 5 |
Crown Holdings
CCK
|
+$60.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 40.31% |
| 2 | Technology | 23.26% |
| 3 | Healthcare | 9.91% |
| 4 | Communication Services | 8.8% |
| 5 | Financials | 5.04% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
201
Lumen
LUMN
$6.13B
| $650K | 0.02% |
+245,335
| New | +$990K |
|
202
Delta Air Lines
DAL
$54.2B
| $646K | 0.02% |
18,504
-8,891
| -32% | -$330K |
|
203
Mettler-Toledo International
MTD
$28B
| $643K | 0.02% |
420
+179
| +74% | +$269K |
|
204
RingCentral
RNG
$5.6B
| $635K | 0.02% |
+20,710
| New | +$741K |
|
205
Tandem Diabetes Care
TNDM
$1.55B
| $634K | 0.02% |
+15,615
| New | +$646K |
|
206
PayPal
PYPL
$52.7B
| $632K | 0.02% |
8,318
+4,179
| +101% | +$322K |
|
207
Fastenal
FAST
$58.8B
| $626K | 0.02% |
+23,224
| New | +$595K |
|
208
Builders FirstSource
BLDR
$7.55B
| $625K | 0.02% |
7,042
-1,440
| -17% | -$114K |
|
209
Lantheus
LNTH
$6.53B
| $623K | 0.02% |
7,551
+1,698
| +29% | +$110K |
|
210
Union Pacific
UNP
$183B
| $612K | 0.02% |
3,042
+1,637
| +117% | +$332K |
|
211
Best Buy
BBY
$18.1B
| $599K | 0.02% |
7,659
-24,540
| -76% | -$2.02M |
|
212
Edwards Lifesciences
EW
$51.8B
| $590K | 0.01% |
7,133
+3,511
| +97% | +$276K |
|
|
SQZ
213
DELISTED
SQZ Biotechnologies Company
SQZ
| $589K | 0.01% |
1,051,771
-16,384
| -2% | -$12.1K |
|
214
ZipRecruiter
ZIP
$346M
| $587K | 0.01% |
36,848
+5,040
| +16% | +$91K |
|
215
Dine Brands
DIN
$454M
| $587K | 0.01% |
8,674
-15,405
| -64% | -$1.13M |
|
216
Canadian National Railway
CNI
$78.5B
| $586K | 0.01% |
4,969
+2,793
| +128% | +$330K |
|
217
Gold Fields
GFI
$42.8B
| $586K | 0.01% |
+43,982
| New | +$490K |
|
218
Triumph Financial Inc
TFIN
$1.79B
| $583K | 0.01% |
10,048
+1,574
| +19% | +$90.2K |
|
219
Integra LifeSciences
IART
$1.3B
| $583K | 0.01% |
10,156
+4,029
| +66% | +$227K |
|
220
Credit Acceptance
CACC
$6.24B
| $582K | 0.01% |
1,334
+455
| +52% | +$200K |
|
221
United Rentals
URI
$68.4B
| $579K | 0.01% |
1,462
-21
| -1% | -$8.82K |
|
222
Trimble
TRMB
$14B
| $578K | 0.01% |
11,030
+5,335
| +94% | +$285K |
|
223
FedEx
FDX
$76.9B
| $570K | 0.01% |
+2,496
| New | +$507K |
|
|
BNY
224
Bank of New York Mellon
BNY
$108B
| $569K | 0.01% |
+12,524
| New | +$607K |
|
225
Danaher
DHR
$154B
| $569K | 0.01% |
+2,545
| New | +$579K |
|
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Lee Ainslie's Q1 2023 Portfolio in Review
As of Q1 2023, Lee Ainslie held 571 positions worth $3.95B, down 6.4% from $4.22B the previous quarter. Its ten largest holdings account for 57% of the portfolio.
Lee Ainslie withdrew a net $730M in Q1 2023, closing 122 positions and reducing 94 holdings. Its most notable exit was Avantor, an estimated $117M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 40% of assets, up from 38% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Lee Ainslie opened a new position in NVIDIA worth $129M.
- Lee Ainslie's largest Q1 2023 buy was NVIDIA: 4,637,530 shares worth $129M.
- Lee Ainslie added most to UnitedHealth in Q1 2023, an estimated $64.1M increase.
- Lee Ainslie's biggest Q1 2023 reduction was Meta Platforms (Facebook), cutting an estimated $99.7M.
- Lee Ainslie fully exited Avantor in Q1 2023, selling an estimated $117M.
- Lee Ainslie's ten largest holdings make up 57% of its $3.95B portfolio in Q1 2023.
- Lee Ainslie opened 194 new positions and closed 122 in Q1 2023.
- Lee Ainslie's portfolio value fell 6.4% quarter-over-quarter to $3.95B.
Based on Maverick Capital's 13F filing for Q1 2023, filed 15 May 2023.