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 |
lululemon athletica
LULU
|
+$91.4M |
| 2 |
Advanced Micro Devices
AMD
|
+$75M |
| 3 |
Netflix
NFLX
|
+$68.3M |
| 4 |
Broadcom
AVGO
|
+$57.7M |
| 5 |
LPL Financial
LPLA
|
+$50.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Coupang
CPNG
|
+$429M |
| 2 |
Meta Platforms (Facebook)
META
|
+$149M |
| 3 |
Camden Property Trust
CPT
|
+$127M |
| 4 |
Uber
UBER
|
+$102M |
| 5 |
Seagate
STX
|
+$66.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 28.25% |
| 2 | Technology | 25.43% |
| 3 | Healthcare | 19.35% |
| 4 | Financials | 8.64% |
| 5 | Consumer Staples | 5.8% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
NVIDIA
NVDA
$5.2T
| $288M | 5.61% |
2,368,091
+320,808
| +16% | +$37.9M |
|
2
Amazon
AMZN
$2.79T
| $284M | 5.55% |
1,526,819
+89,888
| +6% | +$16.4M |
|
3
Microsoft
MSFT
$3.59T
| $264M | 5.14% |
612,455
+12,451
| +2% | +$5.32M |
|
|
4
Coupang
CPNG
$29.6B
| $245M | 4.77% |
9,974,672
-19,278,344
| -66% | -$429M |
|
5
Philip Morris
PM
$293B
| $234M | 4.55% |
1,923,751
-85,177
| -4% | -$9.9M |
|
6
Starbucks
SBUX
$122B
| $187M | 3.64% |
1,914,332
+488,979
| +34% | +$42M |
|
7
Natera
NTRA
$47.9B
| $170M | 3.32% |
1,340,045
+269,706
| +25% | +$31M |
|
8
Nu Holdings
NU
$70.4B
| $165M | 3.23% |
12,118,901
+213,672
| +2% | +$2.87M |
|
|
9
Advanced Micro Devices
AMD
$773B
| $156M | 3.04% |
949,785
+493,763
| +108% | +$75M |
|
10
GFL Environmental
GFL
$14.8B
| $146M | 2.84% |
3,658,190
+372,534
| +11% | +$14.9M |
|
11
DoorDash
DASH
$96.8B
| $141M | 2.75% |
986,557
+67,129
| +7% | +$8.14M |
|
12
Visa
V
$693B
| $135M | 2.64% |
492,259
-97,853
| -17% | -$26.5M |
|
13
Southwest Gas
SWX
$6.44B
| $130M | 2.54% |
1,765,148
+275,992
| +19% | +$19.9M |
|
14
Jones Lang LaSalle
JLL
$17.8B
| $124M | 2.42% |
460,255
-265,221
| -37% | -$64.3M |
|
|
VRNA
15
DELISTED
Verona Pharma
VRNA
| $121M | 2.37% |
4,215,973
+1,123,166
| +36% | +$27.6M |
|
|
16
LPL Financial
LPLA
$28.5B
| $116M | 2.25% |
497,075
+223,931
| +82% | +$50.5M |
|
17
Vaxcyte
PCVX
$9.32B
| $112M | 2.18% |
976,249
+288,341
| +42% | +$26M |
|
18
Maplebear
CART
$11.5B
| $109M | 2.13% |
2,684,425
+441,156
| +20% | +$15.5M |
|
19
TSMC
TSM
$2.17T
| $107M | 2.09% |
616,979
+127,871
| +26% | +$21.8M |
|
|
20
lululemon athletica
LULU
$13.7B
| $93.5M | 1.82% |
+344,486
| New | +$91.4M |
|
|
SWTX
21
DELISTED
SpringWorks Therapeutics
SWTX
| $89M | 1.74% |
2,778,348
+177,824
| +7% | +$6.64M |
|
22
Wave Life Sciences
WVE
$1.04B
| $82.4M | 1.61% |
10,047,520
+2,378,159
| +31% | +$14.2M |
|
23
Rocket Pharmaceuticals
RCKT
$385M
| $76.1M | 1.48% |
4,118,672
+190,360
| +5% | +$3.9M |
|
24
Salesforce
CRM
$171B
| $73.9M | 1.44% |
269,862
-711
| -0.3% | -$182K |
|
25
QuidelOrtho
QDEL
$1.01B
| $73.6M | 1.44% |
1,614,197
-114,716
| -7% | -$4.64M |
|
Similar funds
Lee Ainslie's Q3 2024 Portfolio in Review
As of Q3 2024, Lee Ainslie held 347 positions worth $5.13B, down 2.7% from $5.27B the previous quarter. Its ten largest holdings account for 42% of the portfolio.
Lee Ainslie withdrew a net $594M in Q3 2024, closing 118 positions and reducing 47 holdings. Its most notable exit was Meta Platforms (Facebook), an estimated $149M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 28% of assets, down from 29% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Lee Ainslie opened a new position in lululemon athletica worth $93.5M.
- Lee Ainslie's largest Q3 2024 buy was lululemon athletica: 344,486 shares worth $93.5M.
- Lee Ainslie added most to Advanced Micro Devices in Q3 2024, an estimated $75M increase.
- Lee Ainslie's biggest Q3 2024 reduction was Coupang, cutting an estimated $429M.
- Lee Ainslie fully exited Meta Platforms (Facebook) in Q3 2024, selling an estimated $149M.
- Lee Ainslie's ten largest holdings make up 42% of its $5.13B portfolio in Q3 2024.
- Lee Ainslie opened 80 new positions and closed 118 in Q3 2024.
- Lee Ainslie's portfolio value fell 2.7% quarter-over-quarter to $5.13B.
Based on Maverick Capital's 13F filing for Q3 2024, filed 14 Nov 2024.