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 |
Visa
V
|
+$121M |
| 2 |
Workday
WDAY
|
+$100M |
| 3 |
Lam Research
LRCX
|
+$60M |
| 4 |
Rocket Pharmaceuticals
RCKT
|
+$54.1M |
| 5 |
Sea Limited
SE
|
+$52.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Coupang
CPNG
|
+$201M |
| 2 |
Alibaba
BABA
|
+$102M |
| 3 |
Meta Platforms (Facebook)
META
|
+$56.4M |
| 4 |
Alnylam Pharmaceuticals
ALNY
|
+$54.2M |
| 5 |
Aon
AON
|
+$51.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 40.52% |
| 2 | Healthcare | 15.55% |
| 3 | Technology | 14.19% |
| 4 | Communication Services | 7.61% |
| 5 | Financials | 5.93% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Coupang
CPNG
$29.6B
| $2.92B | 29.41% |
104,704,665
-5,822,925
| -5% | -$201M |
|
2
PUT
Invesco QQQ Trust
QQQ
$486B
| $322M | 3.25% |
+900,000
| New | +$331M |
|
3
PUT
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $302M | 3.05% |
+6,000,000
| New | +$312M |
|
4
Microsoft
MSFT
$3.59T
| $258M | 2.6% |
915,376
-60,874
| -6% | -$17.7M |
|
5
Centene
CNC
$32.1B
| $257M | 2.59% |
4,120,045
+703,230
| +21% | +$47M |
|
6
Amazon
AMZN
$2.79T
| $252M | 2.54% |
1,532,940
+195,320
| +15% | +$33.7M |
|
7
Netflix
NFLX
$331B
| $224M | 2.26% |
3,673,080
+92,560
| +3% | +$5.09M |
|
8
Jones Lang LaSalle
JLL
$17.8B
| $214M | 2.16% |
861,611
-16,770
| -2% | -$3.83M |
|
9
Seer Inc
SEER
$112M
| $187M | 1.89% |
5,418,893
| – | – |
|
|
10
Meta Platforms (Facebook)
META
$1.4T
| $177M | 1.79% |
522,068
-156,621
| -23% | -$56.4M |
|
11
Alphabet (Google) Class C
GOOG
$4.18T
| $167M | 1.69% |
1,255,300
-303,020
| -19% | -$41.8M |
|
|
12
Visa
V
$693B
| $161M | 1.63% |
723,846
+515,895
| +248% | +$121M |
|
|
13
Lam Research
LRCX
$393B
| $154M | 1.56% |
2,709,220
+986,410
| +57% | +$60M |
|
14
T-Mobile US
TMUS
$196B
| $153M | 1.54% |
1,197,577
+15,898
| +1% | +$2.21M |
|
15
XP
XP
$8.53B
| $142M | 1.43% |
3,529,724
-1,330
| -0% | -$59.4K |
|
16
Atara Biotherapeutics
ATRA
$97.4M
| $141M | 1.42% |
314,233
+6,046
| +2% | +$2.17M |
|
|
17
CALL
Netflix
NFLX
$331B
| $128M | 1.29% |
+2,100,000
| New | +$116M |
|
18
Corpay
CPAY
$27.4B
| $115M | 1.16% |
441,027
-128,280
| -23% | -$33.2M |
|
19
Crown Holdings
CCK
$13B
| $115M | 1.16% |
1,136,634
-166,064
| -13% | -$17.4M |
|
20
TG Therapeutics
TGTX
$8.31B
| $110M | 1.11% |
3,296,451
+475,372
| +17% | +$14.7M |
|
21
Uber
UBER
$161B
| $109M | 1.1% |
2,431,428
+225,570
| +10% | +$9.86M |
|
|
CANO
22
DELISTED
Cano Health, Inc.
CANO
| $106M | 1.07% |
83,500
-46
| -0.1% | -$55.7K |
|
23
Academy Sports + Outdoors
ASO
$2.84B
| $106M | 1.06% |
2,636,959
+961,114
| +57% | +$38.3M |
|
24
Nektar Therapeutics
NKTR
$2.53B
| $105M | 1.06% |
389,228
+5,156
| +1% | +$1.24M |
|
25
Applied Materials
AMAT
$391B
| $103M | 1.04% |
800,121
+72,576
| +10% | +$9.85M |
|
Similar funds
Lee Ainslie's Q3 2021 Portfolio in Review
As of Q3 2021, Lee Ainslie held 869 positions worth $9.92B, down 6.9% from $10.6B the previous quarter. Its ten largest holdings account for 52% of the portfolio.
Lee Ainslie deployed $866M of net new capital in Q3 2021, opening 208 new positions and adding to 234 existing holdings. Its largest new stake was Instructure Holdings, Inc.: 1,250,000 shares worth $28.2M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 41% of assets, down from 53% a quarter earlier, followed by Healthcare and Technology.
On the sell side, the largest reduction was Coupang, an estimated $201M trimmed.
- Lee Ainslie's largest Q3 2021 buy was Instructure Holdings, Inc.: 1,250,000 shares worth $28.2M.
- Lee Ainslie added most to Visa in Q3 2021, an estimated $121M increase.
- Lee Ainslie's biggest Q3 2021 reduction was Coupang, cutting an estimated $201M.
- Lee Ainslie fully exited Alibaba in Q3 2021, selling an estimated $102M.
- Lee Ainslie's ten largest holdings make up 52% of its $9.92B portfolio in Q3 2021.
- Lee Ainslie opened 208 new positions and closed 244 in Q3 2021.
- Lee Ainslie's portfolio value fell 6.9% quarter-over-quarter to $9.92B.
Based on Maverick Capital's 13F filing for Q3 2021, filed 15 Nov 2021.