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 |
FISV
Fiserv Inc
FISV
|
+$265M |
| 2 |
Humana
HUM
|
+$178M |
| 3 |
SS&C Technologies
SSNC
|
+$124M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$117M |
| 5 |
US Foods
USFD
|
+$117M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Intel
INTC
|
+$245M |
| 2 |
SCHW
Charles Schwab
SCHW
|
+$239M |
| 3 |
Walt Disney
DIS
|
+$233M |
| 4 |
Mastercard
MA
|
+$179M |
| 5 |
SHPG
Shire pic
SHPG
|
+$147M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 26.57% |
| 2 | Consumer Discretionary | 25.76% |
| 3 | Healthcare | 16.41% |
| 4 | Communication Services | 10.28% |
| 5 | Materials | 5.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Microsoft
MSFT
$3.59T
| $411M | 5.46% |
3,488,553
+335,260
| +11% | +$36.6M |
|
|
2
Alphabet (Google) Class C
GOOG
$4.18T
| $373M | 4.94% |
6,350,220
+2,093,640
| +49% | +$117M |
|
3
DXC Technology
DXC
$1.73B
| $344M | 4.57% |
5,356,833
-281,330
| -5% | -$18M |
|
4
Alnylam Pharmaceuticals
ALNY
$31.6B
| $300M | 3.98% |
3,210,387
+406,436
| +14% | +$34M |
|
|
FISV
5
Fiserv Inc
FISV
$28B
| $284M | 3.76% |
+3,214,646
| New | +$265M |
|
6
Lowe's Companies
LOW
$121B
| $260M | 3.44% |
2,370,651
+607,803
| +34% | +$60.7M |
|
7
T-Mobile US
TMUS
$196B
| $237M | 3.15% |
3,434,562
+498,403
| +17% | +$34.9M |
|
|
VISN
8
Vistance Networks Inc
VISN
$2.59B
| $218M | 2.89% |
10,041,636
+289,402
| +3% | +$6.08M |
|
9
Alibaba
BABA
$286B
| $210M | 2.78% |
1,148,640
-705,496
| -38% | -$119M |
|
10
Elevance Health
ELV
$86.9B
| $208M | 2.76% |
724,153
-169,596
| -19% | -$49M |
|
11
Centene
CNC
$32.1B
| $207M | 2.74% |
3,890,086
+282,088
| +8% | +$17.1M |
|
12
DuPont de Nemours
DD
$18.7B
| $198M | 2.62% |
1,463,502
+419,186
| +40% | +$58.2M |
|
|
13
Humana
HUM
$45.5B
| $164M | 2.18% |
+617,948
| New | +$178M |
|
|
PRSP
14
DELISTED
Perspecta Inc. Common Stock
PRSP
| $160M | 2.12% |
7,905,402
-690
| -0% | -$13.9K |
|
15
Eagle Materials
EXP
$6.35B
| $151M | 2% |
1,789,755
-119,799
| -6% | -$8.65M |
|
|
16
SS&C Technologies
SSNC
$19.5B
| $142M | 1.88% |
+2,228,910
| New | +$124M |
|
17
Nike
NKE
$60.5B
| $133M | 1.76% |
1,577,599
+1,345,529
| +580% | +$111M |
|
|
18
US Foods
USFD
$23.7B
| $119M | 1.58% |
+3,419,975
| New | +$117M |
|
19
Adobe
ADBE
$109B
| $108M | 1.43% |
404,089
-71,380
| -15% | -$18M |
|
|
MDCO
20
DELISTED
Medicines Co
MDCO
| $107M | 1.41% |
3,814,352
+299,375
| +9% | +$7.06M |
|
21
Wynn Resorts
WYNN
$10.3B
| $107M | 1.41% |
893,024
+241,264
| +37% | +$28.8M |
|
22
Graphic Packaging
GPK
$3.54B
| $103M | 1.36% |
8,149,532
+2,102,406
| +35% | +$25.5M |
|
23
KKR & Co
KKR
$97.4B
| $103M | 1.36% |
4,380,590
+123,570
| +3% | +$2.81M |
|
24
Las Vegas Sands
LVS
$30.5B
| $101M | 1.34% |
1,659,593
+466,630
| +39% | +$27.5M |
|
|
SCHW
25
Charles Schwab
SCHW
$194B
| $99.4M | 1.32% |
2,324,830
-5,298,303
| -70% | -$239M |
|
Similar funds
Lee Ainslie's Q1 2019 Portfolio in Review
As of Q1 2019, Lee Ainslie held 347 positions worth $7.54B, up 11% from $6.81B the previous quarter. Its ten largest holdings account for 38% of the portfolio.
Lee Ainslie's Q1 2019 filing shows 90 new, 78 increased, 105 reduced and 73 closed positions. Its largest new stake was Fiserv Inc: 3,214,646 shares worth $284M. The largest sale was Intel, an estimated $245M.
By sector, the portfolio is most concentrated in Technology at 27% of assets, up from 24% a quarter earlier, followed by Consumer Discretionary and Healthcare.
- Lee Ainslie's largest Q1 2019 buy was Fiserv Inc: 3,214,646 shares worth $284M.
- Lee Ainslie added most to Alphabet (Google) Class C in Q1 2019, an estimated $117M increase.
- Lee Ainslie's biggest Q1 2019 reduction was Charles Schwab, cutting an estimated $239M.
- Lee Ainslie fully exited Intel in Q1 2019, selling an estimated $245M.
- Lee Ainslie's ten largest holdings make up 38% of its $7.54B portfolio in Q1 2019.
- Lee Ainslie opened 90 new positions and closed 73 in Q1 2019.
- Lee Ainslie's portfolio value rose 11% quarter-over-quarter to $7.54B.
Based on Maverick Capital's 13F filing for Q1 2019, filed 15 May 2019.