Insights into Maverick Capital's Latest 13F Filings
Lee Ainslie (Trades, Portfolio), the founder and CEO of Maverick Capital, has once again made notable adjustments to his investment portfolio in the third quarter of 2024. Ainslie, who started Maverick Capital in 1993 with $38 million after an apprenticeship under Julian Robertson at Tiger Management (Trades, Portfolio), continues to leverage his extensive experience and a team of six industry experts to make informed investment decisions. These decisions span across various sectors including consumer, healthcare, cyclical, retail, financial, and telecommunications, media, and technology.
Summary of New Buys
During the third quarter, Lee Ainslie (Trades, Portfolio) added a total of 80 stocks to his portfolio. Noteworthy new additions include:
- Lululemon Athletica Inc (LULU, Financial), with 344,486 shares, making up 1.82% of the portfolio and valued at $93.48 million.
- Broadcom Inc (AVGO, Financial), comprising 359,668 shares, which represent about 1.21% of the portfolio, with a total value of $62.04 million.
- Coherent Corp (COHR, Financial), with 563,922 shares, accounting for 0.98% of the portfolio and a total value of $50.14 million.
Key Position Increases
Lee Ainslie (Trades, Portfolio) also significantly increased his stakes in 95 stocks, with the most notable increases being:
- Advanced Micro Devices Inc (AMD, Financial), with an additional 493,763 shares, bringing the total to 949,785 shares. This adjustment represents a 108.28% increase in share count and a 1.58% impact on the current portfolio, valued at $155.84 million.
- Netflix Inc (NFLX, Financial), with an additional 102,087 shares, bringing the total to 102,656. This adjustment represents a 17,941.48% increase in share count, valued at $72.81 million.
Summary of Sold Out Positions
In the third quarter of 2024, Lee Ainslie (Trades, Portfolio) completely exited 118 holdings, including:
- Meta Platforms Inc (META, Financial), where all 295,212 shares were sold, impacting the portfolio by -2.82%.
- Camden Property Trust (CPT, Financial), with all 1,167,785 shares liquidated, causing a -2.42% impact on the portfolio.
Key Position Reductions
Significant reductions were made in 47 stocks, with the most impactful being:
- Coupang Inc (CPNG, Financial), reduced by 19,278,344 shares, resulting in a -65.9% decrease in shares and a -7.66% impact on the portfolio. The stock traded at an average price of $22.24 during the quarter and has returned 15.08% over the past 3 months and 57.44% year-to-date.
- Micron Technology Inc (MU, Financial), reduced by 598,107 shares, resulting in a -93.65% reduction in shares and a -1.49% impact on the portfolio. The stock traded at an average price of $104.58 during the quarter and has returned -1.11% over the past 3 months and 16.56% year-to-date.
Portfolio Overview
As of the third quarter of 2024, Lee Ainslie (Trades, Portfolio)'s portfolio included 229 stocks. The top holdings were 5.61% in NVIDIA Corp (NVDA, Financial), 5.55% in Amazon.com Inc (AMZN, Financial), 5.14% in Microsoft Corp (MSFT, Financial), 4.77% in Coupang Inc (CPNG), and 4.55% in Philip Morris International Inc (PM, Financial). The holdings are mainly concentrated across 11 industries, reflecting a diverse and strategic allocation.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
