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 |
Lam Research
LRCX
|
+$268M |
| 2 |
DXC Technology
DXC
|
+$265M |
| 3 |
Elevance Health
ELV
|
+$262M |
| 4 |
Baidu
BIDU
|
+$195M |
| 5 |
Constellation Brands
STZ
|
+$131M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$483M |
| 2 |
Meta Platforms (Facebook)
META
|
+$439M |
| 3 |
Dollar Tree
DLTR
|
+$362M |
| 4 |
EVHC
Envision Healthcare Holdings Inc
EVHC
|
+$297M |
| 5 |
Mohawk Industries
MHK
|
+$257M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 27.07% |
| 2 | Healthcare | 17.51% |
| 3 | Communication Services | 16.54% |
| 4 | Consumer Discretionary | 15.49% |
| 5 | Financials | 7.94% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Microsoft
MSFT
$3.59T
| $434M | 5.4% |
3,795,973
-500,320
| -12% | -$54.2M |
|
2
Walt Disney
DIS
$186B
| $415M | 5.16% |
3,549,228
-91,120
| -3% | -$10.1M |
|
|
3
DXC Technology
DXC
$1.73B
| $378M | 4.7% |
4,038,765
+2,990,721
| +285% | +$265M |
|
4
T-Mobile US
TMUS
$196B
| $364M | 4.53% |
5,183,994
+45,157
| +0.9% | +$2.9M |
|
5
Intel
INTC
$476B
| $328M | 4.08% |
6,942,889
+858,426
| +14% | +$41.8M |
|
6
Universal Health Services
UHS
$10.4B
| $308M | 3.83% |
2,410,208
-412,589
| -15% | -$50.6M |
|
|
7
Elevance Health
ELV
$86.9B
| $286M | 3.56% |
1,044,162
+1,011,112
| +3,059% | +$262M |
|
|
WCN
8
Waste Connections
WCN
$42.6B
| $280M | 3.49% |
3,512,360
+146,290
| +4% | +$11.5M |
|
9
Mastercard
MA
$509B
| $270M | 3.36% |
1,214,390
+73,513
| +6% | +$15.3M |
|
|
SCHW
10
Charles Schwab
SCHW
$194B
| $245M | 3.05% |
4,988,172
+820,477
| +20% | +$41.9M |
|
|
11
Lam Research
LRCX
$393B
| $243M | 3.02% |
16,015,010
+15,666,810
| +4,499% | +$268M |
|
|
SHPG
12
DELISTED
Shire pic
SHPG
| $238M | 2.97% |
1,315,199
-154,587
| -11% | -$26.8M |
|
13
Lowe's Companies
LOW
$121B
| $201M | 2.5% |
1,749,380
-398,833
| -19% | -$41.6M |
|
|
14
Baidu
BIDU
$31.6B
| $196M | 2.44% |
856,980
+828,240
| +2,882% | +$195M |
|
15
AB InBev
BUD
$155B
| $175M | 2.18% |
1,996,752
+330,339
| +20% | +$32.2M |
|
16
Adobe
ADBE
$109B
| $170M | 2.12% |
631,285
-197,930
| -24% | -$51M |
|
17
Alibaba
BABA
$286B
| $170M | 2.11% |
1,030,168
-105,412
| -9% | -$18.7M |
|
|
PRSP
18
DELISTED
Perspecta Inc. Common Stock
PRSP
| $162M | 2.02% |
6,308,240
+3,052,619
| +94% | +$71.2M |
|
|
VISN
19
Vistance Networks Inc
VISN
$2.59B
| $144M | 1.79% |
4,676,699
+2,856,310
| +157% | +$87.6M |
|
|
PARA
20
DELISTED
Paramount Global Class B
PARA
| $133M | 1.66% |
+2,322,965
| New | +$128M |
|
|
21
Constellation Brands
STZ
$23.2B
| $133M | 1.65% |
+616,427
| New | +$131M |
|
22
Alnylam Pharmaceuticals
ALNY
$31.6B
| $132M | 1.65% |
1,512,064
+830,710
| +122% | +$83.6M |
|
23
DuPont de Nemours
DD
$18.7B
| $124M | 1.54% |
761,039
-717,848
| -49% | -$123M |
|
24
Centene
CNC
$32.1B
| $116M | 1.45% |
1,608,166
-1,153,146
| -42% | -$80.1M |
|
|
IPHI
25
DELISTED
INPHI CORPORATION
IPHI
| $69.6M | 0.87% |
1,831,477
-2,763
| -0.2% | -$95.2K |
|
Similar funds
Lee Ainslie's Q3 2018 Portfolio in Review
As of Q3 2018, Lee Ainslie held 303 positions worth $8.04B, down 6% from $8.55B the previous quarter. Its ten largest holdings account for 41% of the portfolio.
Lee Ainslie withdrew a net $920M in Q3 2018, closing 65 positions and reducing 95 holdings. Its most notable exit was Dollar Tree, an estimated $362M position sold in full.
By sector, the portfolio is most concentrated in Technology at 27% of assets, up from 19% a quarter earlier, followed by Healthcare and Communication Services.
Against the trend, Lee Ainslie opened a new position in Constellation Brands worth $133M.
- Lee Ainslie's largest Q3 2018 buy was Constellation Brands: 616,427 shares worth $133M.
- Lee Ainslie added most to Lam Research in Q3 2018, an estimated $268M increase.
- Lee Ainslie's biggest Q3 2018 reduction was Alphabet (Google) Class C, cutting an estimated $483M.
- Lee Ainslie fully exited Dollar Tree in Q3 2018, selling an estimated $362M.
- Lee Ainslie's ten largest holdings make up 41% of its $8.04B portfolio in Q3 2018.
- Lee Ainslie opened 68 new positions and closed 65 in Q3 2018.
- Lee Ainslie's portfolio value fell 6% quarter-over-quarter to $8.04B.
Based on Maverick Capital's 13F filing for Q3 2018, filed 14 Nov 2018.