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 |
Crown Holdings
CCK
|
+$202M |
| 2 |
Monster Beverage
MNST
|
+$136M |
| 3 |
Corpay
CPAY
|
+$130M |
| 4 |
DuPont de Nemours
DD
|
+$87.4M |
| 5 |
Netflix
NFLX
|
+$83.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Centene
CNC
|
+$221M |
| 2 |
Owens Corning
OC
|
+$205M |
| 3 |
Graphic Packaging
GPK
|
+$138M |
| 4 |
Booking.com
BKNG
|
+$127M |
| 5 |
Humana
HUM
|
+$125M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 24.12% |
| 2 | Consumer Discretionary | 18.26% |
| 3 | Healthcare | 16.81% |
| 4 | Communication Services | 14.05% |
| 5 | Consumer Staples | 10.06% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
DuPont de Nemours
DD
$18.7B
| $459M | 6.67% |
5,690,464
+1,052,280
| +23% | +$87.4M |
|
2
Alphabet (Google) Class C
GOOG
$4.18T
| $413M | 6.01% |
6,181,640
-1,096,760
| -15% | -$70.8M |
|
3
Alibaba
BABA
$286B
| $406M | 5.91% |
1,914,349
-187,776
| -9% | -$35.2M |
|
|
4
Monster Beverage
MNST
$93.6B
| $342M | 4.98% |
21,532,716
+9,289,632
| +76% | +$136M |
|
5
DXC Technology
DXC
$1.73B
| $338M | 4.92% |
8,991,796
-1,966,180
| -18% | -$64.1M |
|
|
VISN
6
Vistance Networks Inc
VISN
$2.59B
| $274M | 3.99% |
19,326,308
+124,000
| +0.6% | +$1.61M |
|
7
Alnylam Pharmaceuticals
ALNY
$31.6B
| $260M | 3.79% |
2,260,897
-961,916
| -30% | -$95.9M |
|
|
8
Netflix
NFLX
$331B
| $260M | 3.79% |
8,045,740
+2,817,960
| +54% | +$83.5M |
|
9
T-Mobile US
TMUS
$196B
| $207M | 3.02% |
2,643,912
-1,073,733
| -29% | -$84.5M |
|
|
10
Crown Holdings
CCK
$13B
| $205M | 2.99% |
+2,830,353
| New | +$202M |
|
|
11
Centene
CNC
$32.1B
| $199M | 2.9% |
3,163,851
-4,080,610
| -56% | -$221M |
|
|
MDCO
12
DELISTED
Medicines Co
MDCO
| $185M | 2.69% |
2,176,487
-1,707,552
| -44% | -$114M |
|
|
13
Humana
HUM
$45.5B
| $171M | 2.48% |
465,779
-394,788
| -46% | -$125M |
|
14
StoneCo
STNE
$2.16B
| $169M | 2.46% |
4,241,070
+1,790,767
| +73% | +$65.5M |
|
|
15
Corpay
CPAY
$27.4B
| $163M | 2.37% |
565,729
+439,746
| +349% | +$130M |
|
16
Westlake Corp
WLK
$10.1B
| $162M | 2.36% |
2,312,723
-949,709
| -29% | -$63.8M |
|
17
Lowe's Companies
LOW
$121B
| $148M | 2.15% |
1,232,060
+104,092
| +9% | +$11.9M |
|
|
PRSP
18
DELISTED
Perspecta Inc. Common Stock
PRSP
| $142M | 2.07% |
5,376,510
-1,429,822
| -21% | -$38.1M |
|
19
British American Tobacco
BTI
$121B
| $104M | 1.51% |
2,444,145
+6,125
| +0.3% | +$231K |
|
20
Microsoft
MSFT
$3.59T
| $96.7M | 1.41% |
613,309
-696,818
| -53% | -$102M |
|
21
Atara Biotherapeutics
ATRA
$97.4M
| $81.7M | 1.19% |
198,337
-5,822
| -3% | -$2.01M |
|
22
Nektar Therapeutics
NKTR
$2.53B
| $70M | 1.02% |
+216,082
| New | +$62.7M |
|
23
Dollar Tree
DLTR
$25.3B
| $68.4M | 1% |
+727,300
| New | +$76.3M |
|
24
XP
XP
$8.53B
| $66.6M | 0.97% |
+1,728,206
| New | +$64.9M |
|
25
Avantor
AVTR
$9.78B
| $66.1M | 0.96% |
+3,644,368
| New | +$58M |
|
Similar funds
Lee Ainslie's Q4 2019 Portfolio in Review
As of Q4 2019, Lee Ainslie held 443 positions worth $6.87B, up 0.98% from $6.8B the previous quarter. Its ten largest holdings account for 46% of the portfolio.
Lee Ainslie withdrew a net $822M in Q4 2019, closing 106 positions and reducing 124 holdings. Its most notable exit was Graphic Packaging, an estimated $138M position sold in full.
By sector, the portfolio is most concentrated in Technology at 24% of assets, up from 20% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Lee Ainslie opened a new position in Crown Holdings worth $205M.
- Lee Ainslie's largest Q4 2019 buy was Crown Holdings: 2,830,353 shares worth $205M.
- Lee Ainslie added most to Monster Beverage in Q4 2019, an estimated $136M increase.
- Lee Ainslie's biggest Q4 2019 reduction was Centene, cutting an estimated $221M.
- Lee Ainslie fully exited Graphic Packaging in Q4 2019, selling an estimated $138M.
- Lee Ainslie's ten largest holdings make up 46% of its $6.87B portfolio in Q4 2019.
- Lee Ainslie opened 110 new positions and closed 106 in Q4 2019.
- Lee Ainslie's portfolio value rose 0.98% quarter-over-quarter to $6.87B.
Based on Maverick Capital's 13F filing for Q4 2019, filed 14 Feb 2020.