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 |
EA
Electronic Arts
EA
|
+$96.5M |
| 2 |
GFL Environmental
GFL
|
+$92.9M |
| 3 |
QuidelOrtho
QDEL
|
+$79.1M |
| 4 |
Astera Labs
ALAB
|
+$73.9M |
| 5 |
Natera
NTRA
|
+$60.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Coupang
CPNG
|
+$307M |
| 2 |
Constellation Brands
STZ
|
+$86.1M |
| 3 |
Domino's
DPZ
|
+$76.7M |
| 4 |
IMGN
Immunogen Inc
IMGN
|
+$73.9M |
| 5 |
Meta Platforms (Facebook)
META
|
+$70.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 32.34% |
| 2 | Technology | 17.7% |
| 3 | Healthcare | 16.82% |
| 4 | Financials | 10.98% |
| 5 | Real Estate | 5.15% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
201
Cintas
CTAS
$81.6B
| $538K | 0.01% |
+3,132
| New | +$482K |
|
202
Kirby Corp
KEX
$7.39B
| $535K | 0.01% |
+5,610
| New | +$473K |
|
203
Ferrari
RACE
$76.7B
| $533K | 0.01% |
1,223
+125
| +11% | +$48.4K |
|
204
FIVE9
FIVN
$2.45B
| $533K | 0.01% |
+8,582
| New | +$596K |
|
205
Louisiana-Pacific
LPX
$5.12B
| $530K | 0.01% |
+6,311
| New | +$454K |
|
206
Matsons
MATX
$6.66B
| $524K | 0.01% |
4,659
+2,740
| +143% | +$309K |
|
207
Choice Hotels
CHH
$4.93B
| $520K | 0.01% |
+4,118
| New | +$492K |
|
208
Haemonetics
HAE
$4.95B
| $518K | 0.01% |
+6,074
| New | +$477K |
|
209
La-Z-Boy
LZB
$1.35B
| $515K | 0.01% |
13,693
-6,363
| -32% | -$232K |
|
210
Okta
OKTA
$23.5B
| $513K | 0.01% |
+4,907
| New | +$453K |
|
211
Equinix
EQIX
$105B
| $513K | 0.01% |
+621
| New | +$522K |
|
212
TKO Group
TKO
$14.1B
| $508K | 0.01% |
+5,882
| New | +$490K |
|
|
ANSS
213
DELISTED
Ansys
ANSS
| $507K | 0.01% |
+1,460
| New | +$494K |
|
214
Enovis
ENOV
$1.5B
| $505K | 0.01% |
+8,092
| New | +$484K |
|
215
Tenable Holdings
TENB
$3.79B
| $505K | 0.01% |
+10,222
| New | +$485K |
|
216
Axos Financial
AX
$5.48B
| $505K | 0.01% |
+9,345
| New | +$492K |
|
217
Ameriprise Financial
AMP
$49.1B
| $504K | 0.01% |
1,150
+443
| +63% | +$177K |
|
218
Jazz Pharmaceuticals
JAZZ
$16.5B
| $504K | 0.01% |
+4,187
| New | +$513K |
|
219
DHT Holdings
DHT
$3.2B
| $502K | 0.01% |
+43,650
| New | +$479K |
|
220
Hudbay
HBM
$13.4B
| $501K | 0.01% |
71,537
+26,760
| +60% | +$156K |
|
221
Perimeter Solutions
PRM
$5.15B
| $497K | 0.01% |
67,045
+19,110
| +40% | +$103K |
|
222
Graphic Packaging
GPK
$3.54B
| $495K | 0.01% |
+16,955
| New | +$443K |
|
223
Mondelez International
MDLZ
$82.3B
| $494K | 0.01% |
7,058
-4,783
| -40% | -$349K |
|
224
Moog Inc Class A
MOG.A
$12.3B
| $491K | 0.01% |
+3,073
| New | +$452K |
|
|
GMS
225
DELISTED
GMS Inc
GMS
| $490K | 0.01% |
+5,034
| New | +$440K |
|
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Lee Ainslie's Q1 2024 Portfolio in Review
As of Q1 2024, Lee Ainslie held 573 positions worth $5.32B, up 6.9% from $4.98B the previous quarter. Its ten largest holdings account for 45% of the portfolio.
Lee Ainslie withdrew a net $210M in Q1 2024, closing 168 positions and reducing 68 holdings. Its most notable exit was Immunogen Inc, an estimated $73.9M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 32% of assets, down from 36% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Lee Ainslie opened a new position in Electronic Arts worth $93.2M.
- Lee Ainslie's largest Q1 2024 buy was Electronic Arts: 702,830 shares worth $93.2M.
- Lee Ainslie added most to Starbucks in Q1 2024, an estimated $51.2M increase.
- Lee Ainslie's biggest Q1 2024 reduction was Coupang, cutting an estimated $307M.
- Lee Ainslie fully exited Immunogen Inc in Q1 2024, selling an estimated $73.9M.
- Lee Ainslie's ten largest holdings make up 45% of its $5.32B portfolio in Q1 2024.
- Lee Ainslie opened 225 new positions and closed 168 in Q1 2024.
- Lee Ainslie's portfolio value rose 6.9% quarter-over-quarter to $5.32B.
Based on Maverick Capital's 13F filing for Q1 2024, filed 15 May 2024.