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 |
lululemon athletica
LULU
|
+$91.4M |
| 2 |
Advanced Micro Devices
AMD
|
+$75M |
| 3 |
Netflix
NFLX
|
+$68.3M |
| 4 |
Broadcom
AVGO
|
+$57.7M |
| 5 |
LPL Financial
LPLA
|
+$50.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Coupang
CPNG
|
+$429M |
| 2 |
Meta Platforms (Facebook)
META
|
+$149M |
| 3 |
Camden Property Trust
CPT
|
+$127M |
| 4 |
Uber
UBER
|
+$102M |
| 5 |
Seagate
STX
|
+$66.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 28.25% |
| 2 | Technology | 25.43% |
| 3 | Healthcare | 19.35% |
| 4 | Financials | 8.64% |
| 5 | Consumer Staples | 5.8% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
201
Canadian National Railway
CNI
$78.5B
| $1.06M | 0.02% |
+9,088
| New | +$1.06M |
|
202
First Horizon
FHN
$11.7B
| $1.06M | 0.02% |
+68,444
| New | +$1.09M |
|
|
HES
203
DELISTED
Hess
HES
| $1.05M | 0.02% |
+7,746
| New | +$1.08M |
|
204
General Motors
GM
$77.2B
| $1.05M | 0.02% |
23,428
+1,488
| +7% | +$69K |
|
205
Caleres
CAL
$457M
| $1.04M | 0.02% |
+31,410
| New | +$1.14M |
|
|
VSXY
206
Victoria's Secret
VSXY
$6.79B
| $986K | 0.02% |
+38,365
| New | +$813K |
|
207
Weatherford International
WFRD
$6.49B
| $966K | 0.02% |
+11,381
| New | +$1.23M |
|
208
BJs Wholesale Club
BJ
$12.3B
| $962K | 0.02% |
+11,659
| New | +$986K |
|
209
Sherwin-Williams
SHW
$84.1B
| $931K | 0.02% |
+2,438
| New | +$851K |
|
210
Ally Financial
ALLY
$13.1B
| $930K | 0.02% |
26,120
+299
| +1% | +$12K |
|
211
Papa John's
PZZA
$788M
| $926K | 0.02% |
+17,191
| New | +$792K |
|
|
SNBR
212
DELISTED
Sleep Number
SNBR
| $925K | 0.02% |
50,477
+30,341
| +151% | +$397K |
|
213
WIX.com
WIX
$3.43B
| $890K | 0.02% |
+5,324
| New | +$856K |
|
214
Noble Corp
NE
$7.39B
| $884K | 0.02% |
+24,455
| New | +$985K |
|
215
Hewlett Packard
HPE
$70.8B
| $876K | 0.02% |
42,839
-89,762
| -68% | -$1.72M |
|
216
Designer Brands
DBI
$292M
| $792K | 0.02% |
107,339
-309,373
| -74% | -$2.17M |
|
217
Groupon
GRPN
$797M
| $734K | 0.01% |
75,051
+16,734
| +29% | +$224K |
|
218
Home Depot
HD
$335B
| $635K | 0.01% |
1,567
-11,631
| -88% | -$4.24M |
|
219
TJX Companies
TJX
$155B
| $571K | 0.01% |
4,861
-44,082
| -90% | -$5.05M |
|
220
Ethan Allen Interiors
ETD
$595M
| $501K | 0.01% |
+15,697
| New | +$474K |
|
|
SKX
221
DELISTED
Skechers
SKX
| $491K | 0.01% |
7,336
-19,761
| -73% | -$1.3M |
|
222
VF Corp
VFC
$5.65B
| $460K | 0.01% |
+23,067
| New | +$386K |
|
223
Kroger
KR
$35.5B
| $416K | 0.01% |
+7,258
| New | +$389K |
|
224
Signet Jewelers
SIG
$3.16B
| $334K | 0.01% |
+3,240
| New | +$274K |
|
225
Emerson Electric
EMR
$87.7B
| $284K | 0.01% |
2,596
-23,173
| -90% | -$2.49M |
|
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Lee Ainslie's Q3 2024 Portfolio in Review
As of Q3 2024, Lee Ainslie held 347 positions worth $5.13B, down 2.7% from $5.27B the previous quarter. Its ten largest holdings account for 42% of the portfolio.
Lee Ainslie withdrew a net $594M in Q3 2024, closing 118 positions and reducing 47 holdings. Its most notable exit was Meta Platforms (Facebook), an estimated $149M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 28% of assets, down from 29% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Lee Ainslie opened a new position in lululemon athletica worth $93.5M.
- Lee Ainslie's largest Q3 2024 buy was lululemon athletica: 344,486 shares worth $93.5M.
- Lee Ainslie added most to Advanced Micro Devices in Q3 2024, an estimated $75M increase.
- Lee Ainslie's biggest Q3 2024 reduction was Coupang, cutting an estimated $429M.
- Lee Ainslie fully exited Meta Platforms (Facebook) in Q3 2024, selling an estimated $149M.
- Lee Ainslie's ten largest holdings make up 42% of its $5.13B portfolio in Q3 2024.
- Lee Ainslie opened 80 new positions and closed 118 in Q3 2024.
- Lee Ainslie's portfolio value fell 2.7% quarter-over-quarter to $5.13B.
Based on Maverick Capital's 13F filing for Q3 2024, filed 14 Nov 2024.