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 |
Molson Coors Class B
TAP
|
+$471M |
| 2 |
Dollar Tree
DLTR
|
+$292M |
| 3 |
DuPont de Nemours
DD
|
+$273M |
| 4 |
DXC Technology
DXC
|
+$227M |
| 5 |
Qualcomm
QCOM
|
+$213M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Adobe
ADBE
|
+$405M |
| 2 |
Pfizer
PFE
|
+$325M |
| 3 |
CSC
Computer Sciences
CSC
|
+$181M |
| 4 |
Cigna
CI
|
+$162M |
| 5 |
Newell Brands
NWL
|
+$154M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 26.72% |
| 2 | Technology | 17.27% |
| 3 | Consumer Staples | 16.93% |
| 4 | Communication Services | 12.11% |
| 5 | Consumer Discretionary | 8.27% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Universal Health Services
UHS
$10.4B
| $662M | 8.31% |
5,426,487
+473,763
| +10% | +$56.4M |
|
|
2
Dollar Tree
DLTR
$25.3B
| $569M | 7.13% |
8,135,605
+3,777,579
| +87% | +$292M |
|
3
Meta Platforms (Facebook)
META
$1.4T
| $533M | 6.68% |
3,527,877
+56,955
| +2% | +$8.47M |
|
|
4
Molson Coors Class B
TAP
$8.01B
| $439M | 5.5% |
+5,081,514
| New | +$471M |
|
|
WCN
5
Waste Connections
WCN
$42.6B
| $357M | 4.47% |
5,537,682
-2,128,878
| -28% | -$132M |
|
|
6
Pfizer
PFE
$160B
| $338M | 4.23% |
10,595,410
-10,309,075
| -49% | -$325M |
|
7
Sabre
SABR
$848M
| $323M | 4.05% |
14,820,095
-3,385,835
| -19% | -$77.1M |
|
|
SHPG
8
DELISTED
Shire pic
SHPG
| $321M | 4.02% |
1,942,087
+322,610
| +20% | +$56.4M |
|
|
EVHC
9
DELISTED
Envision Healthcare Holdings Inc
EVHC
| $319M | 4% |
5,093,292
+2,028,026
| +66% | +$117M |
|
10
Alphabet (Google) Class C
GOOG
$4.18T
| $298M | 3.73% |
6,548,960
-807,880
| -11% | -$37M |
|
|
11
DuPont de Nemours
DD
$18.7B
| $275M | 3.44% |
+1,719,691
| New | +$273M |
|
|
12
Cigna
CI
$73.3B
| $242M | 3.04% |
1,447,984
-1,008,835
| -41% | -$162M |
|
|
13
DXC Technology
DXC
$1.73B
| $227M | 2.84% |
+3,414,594
| New | +$227M |
|
14
Vulcan Materials
VMC
$35.8B
| $220M | 2.75% |
1,733,220
-887,008
| -34% | -$111M |
|
15
MGM Resorts International
MGM
$11B
| $215M | 2.7% |
+6,883,370
| New | +$213M |
|
|
16
Qualcomm
QCOM
$169B
| $211M | 2.64% |
+3,812,886
| New | +$213M |
|
|
ANDV
17
DELISTED
Andeavor
ANDV
| $200M | 2.51% |
2,139,606
-1,271,592
| -37% | -$107M |
|
|
VISN
18
Vistance Networks Inc
VISN
$2.59B
| $189M | 2.37% |
4,976,160
-3,966,395
| -44% | -$153M |
|
|
19
Adobe
ADBE
$109B
| $185M | 2.31% |
1,304,724
-2,959,031
| -69% | -$405M |
|
20
Fidelity National Information Services
FIS
$21.3B
| $176M | 2.21% |
+2,063,463
| New | +$173M |
|
21
Wynn Resorts
WYNN
$10.3B
| $169M | 2.12% |
1,260,248
+339,550
| +37% | +$42.7M |
|
22
AB InBev
BUD
$155B
| $152M | 1.91% |
1,377,577
-249,725
| -15% | -$28.6M |
|
23
Constellation Brands
STZ
$23.2B
| $135M | 1.7% |
698,310
-71,393
| -9% | -$12.7M |
|
24
US Bancorp
USB
$96.7B
| $129M | 1.61% |
2,478,108
-1,167,041
| -32% | -$60.1M |
|
|
IPXL
25
DELISTED
Impax Laboratories, Inc.
IPXL
| $115M | 1.45% |
7,159,336
+7,054,136
| +6,705% | +$104M |
|
Similar funds
Lee Ainslie's Q2 2017 Portfolio in Review
As of Q2 2017, Lee Ainslie held 209 positions worth $7.98B, up 1.8% from $7.84B the previous quarter. Its ten largest holdings account for 52% of the portfolio.
Lee Ainslie's Q2 2017 filing shows 79 new, 71 increased, 28 reduced and 31 closed positions. Its largest new stake was Molson Coors Class B: 5,081,514 shares worth $439M. The largest sale was Adobe, an estimated $405M.
By sector, the portfolio is most concentrated in Healthcare at 27% of assets, down from 30% a quarter earlier, followed by Technology and Consumer Staples.
- Lee Ainslie's largest Q2 2017 buy was Molson Coors Class B: 5,081,514 shares worth $439M.
- Lee Ainslie added most to Dollar Tree in Q2 2017, an estimated $292M increase.
- Lee Ainslie's biggest Q2 2017 reduction was Adobe, cutting an estimated $405M.
- Lee Ainslie fully exited Computer Sciences in Q2 2017, selling an estimated $181M.
- Lee Ainslie's ten largest holdings make up 52% of its $7.98B portfolio in Q2 2017.
- Lee Ainslie opened 79 new positions and closed 31 in Q2 2017.
- Lee Ainslie's portfolio value rose 1.8% quarter-over-quarter to $7.98B.
Based on Maverick Capital's 13F filing for Q2 2017, filed 14 Aug 2017.