Maverick Capital
Maverick Capital, led by Lee Ainslie, is a prominent hedge fund known for its deep analytical approach to investing and focus on long-term capital appreciation. Ainslie, a protégé of Julian Robertson at Tiger Management, upholds a reputation for blending traditional fundamental analysis with a keen insight into technological and sector trends. The fund typically employs a long/short equity strategy, aiming to capitalize on both the upside and downside of market movements.
AUM figures shown are calculated by summing the reported market value of all positions in SEC 13F-HR filings — not the fund's actual assets under management.
- Excludes cash, bonds, private equity, short positions, and foreign-listed stocks not required to be reported.
- For PUT and CALL options, the reported Value is the notional value of the underlying shares — not the option premium paid. This significantly overstates the actual capital at risk.
- Actual fund AUM is typically higher and includes strategies, instruments, and positions that never appear in a 13F.
- 13F filings cover institutional managers with ≥$100M in 13F securities. Positions reflect end-of-quarter holdings, disclosed up to 45 days after the period ends.
Data sourced from SEC EDGAR. This tracker is for informational purposes only and does not constitute investment advice.
Portfolio Holdings
Top 30 positions
| Ticker | Issuer | Notional | Port % | @ Filing | Now (EOD) | Since Filing | Allocation |
|---|---|---|---|---|---|---|---|
| NVDA | $553.7M | 6.39% | $174.40 | $196.27 | +12.5% | 6.4% | |
| AMZN | $482.8M | 5.57% | $208.27 | $245.66 | +17.9% | 5.6% | |
| TSM | $418.2M | 4.82% | $337.16 | $430.78 | +27.8% | 4.8% | |
| ASML | $341.3M | 3.94% | $1317.95 | $1731.92 | +31.4% | 3.9% | |
| NU | $322.5M | 3.72% | $14.37 | $13.69 | -4.7% | 3.7% | |
| AMAT | $297.3M | 3.43% | $341.37 | $544.02 | +59.4% | 3.4% | |
| MSFT | $268.6M | 3.10% | $369.37 | $390.14 | +5.6% | 3.1% | |
| RTX | $263.3M | 3.04% | $192.10 | $200.45 | +4.3% | 3.0% | |
| BSX | $263.2M | 3.04% | $62.75 | $45.18 | -28.0% | 3.0% | |
| AGX | $253.1M | 2.92% | $544.21 | $649.10 | +19.3% | 2.9% | |
| GOOG | $250.3M | 2.89% | $286.69 | $365.44 | +27.5% | 2.9% | |
| TECH | $247.7M | 2.86% | $52.16 | $70.57 | +35.3% | 2.9% | |
| V | $243.9M | 2.81% | $301.61 | $351.48 | +16.5% | 2.8% | |
| NTRA | $234.3M | 2.70% | $199.99 | $282.10 | +41.1% | 2.7% | |
| COF | $227.8M | 2.63% | $181.65 | $203.57 | +12.1% | 2.6% | |
| LIN | $211.3M | 2.44% | $495.76 | $537.74 | +8.5% | 2.4% | |
| DKS | $207.2M | 2.39% | $197.18 | $223.73 | +13.5% | 2.4% | |
| INFQ | $195.6M | 2.26% | $9.81 | $11.60 | +18.3% | 2.3% | |
| SWX | $184.8M | 2.13% | $86.27 | $91.32 | +5.8% | 2.1% | |
| CPT | $182.4M | 2.10% | $96.77 | $118.22 | +22.2% | 2.1% | |
| ABT | $180.5M | 2.08% | $102.03 | $96.27 | -5.7% | 2.1% | |
| RGEN | $178.9M | 2.06% | $117.82 | $139.46 | +18.4% | 2.1% | |
| MNST | $178.6M | 2.06% | $72.46 | $96.28 | +32.9% | 2.1% | |
| GFL | $160.6M | 1.85% | $41.70 | $41.23 | -1.1% | 1.9% | |
| DHR | $155.4M | 1.79% | $189.21 | $193.41 | +2.2% | 1.8% | |
| AMD | $137.6M | 1.59% | $203.43 | $512.80 | +152.1% | 1.6% | |
| INTC | $132.2M | 1.52% | $44.13 | $108.88 | +146.7% | 1.5% | |
| CVNA | $132.1M | 1.52% | $62.88 | $67.73 | +7.7% | 1.5% | |
| SHW | $125.6M | 1.45% | $319.72 | $341.11 | +6.7% | 1.4% | |
| ALAB | $104.7M | 1.21% | $109.60 | $374.25 | +241.5% | 1.2% |
Quarter-on-Quarter Activity
Q1 2026 vs. Q4 2025
New Positions (8)
| Ticker | Issuer | Notional | Since Filing |
|---|---|---|---|
| LIN | $211.3M | +8.5% | |
| INFQ | $195.6M | +18.3% | |
| ABT | $180.5M | -5.7% | |
| RGEN | $178.9M | +18.4% | |
| DHR | $155.4M | +2.2% | |
| AMD | $137.6M | +152.1% | |
| INTC | $132.2M | +146.7% | |
| MOH | $86.1M |
Exited Positions (8)
| Ticker | Issuer | Notional |
|---|---|---|
| UNP | $303.8M | |
| SCHW | $125.2M | |
| BTU | $120.8M | |
| LRCX | $108.4M | |
| SGI | $101.9M | |
| CDTX | $100.7M | |
| CART | $87.2M | |
| DASH | $81.3M |
Increased (8)
| Ticker | Issuer | Notional | Shares Δ | Since Filing |
|---|---|---|---|---|
| WVECALL | $67.2M | +2574.1% | ||
| MCD | $87.6M | +2261.7% | ||
| PRMB | $3.5M | +409.3% | ||
| FRPT | $1.6M | +356.4% | ||
| MO | $2.6M | +239.2% | ||
| WVECALL | $1.9M | +204.2% | ||
| HSY | $2.9M | +122.1% | ||
| NU | $126.4M | +91.6% | -4.7% |
Trimmed (8)
| Ticker | Issuer | Notional | Shares Δ |
|---|---|---|---|
| DIS | $-79.7M | -99.0% | |
| RBLX | $-41.3M | -97.6% | |
| LTH | $-5.0M | -94.5% | |
| OLLI | $-4.7M | -94.0% | |
| FDX | $-6.5M | -92.1% | |
| CWH | $-4.2M | -91.8% | |
| LH | $-4.0M | -90.9% | |
| ASO | $-4.0M | -90.8% |
Quarter Activity
During the quarter, Maverick Capital initiated significant new positions in LIN, INFQ, and ABT, with investments totaling $211 million, $196 million, and $181 million respectively. The fund also exited substantial holdings in UNP, SCHW, and BTU, which were valued at $304 million, $125 million, and $121 million at the time of sale. Additionally, there was a notable increase in the fund's stake in WVE and MCD, with additional investments of $2574 million and $2262 million, respectively, indicating a major shift in portfolio concentration towards these entities.
AI Commentary
<p>Maverick Capital's portfolio showcases a strong concentration in the technology and semiconductor sectors, with its top holdings featuring prominent names like NVIDIA Corporation (NVDA) at 6.4% of the portfolio, Amazon.com Inc. (AMZN) at 5.6%, and Taiwan Semiconductor Manufacturing (TSM) at 4.8%. Other significant investments include ASML Holding NV (ASML) and Applied Materials Inc. (AMAT), further emphasizing the fund's focus on tech-driven growth. This sector concentration suggests a bullish outlook on technology and semiconductor industries, which are pivotal in driving innovation and digital transformation globally.</p> <p>The recent quarter's activity indicates strategic shifts in Maverick Capital's investment thesis. The fund initiated substantial new positions in Linde PLC (LIN), Infineon Technologies AG (INFQ), Abbott Laboratories (ABT), Repligen Corporation (RGEN), and Danaher Corporation (DHR), signaling a growing interest in healthcare and industrial gases sectors. Conversely, the closure of positions in Union Pacific Corporation (UNP), Charles Schwab Corporation (SCHW), and Peabody Energy Corporation (BTU) suggests a move away from traditional industries like finance and energy. Additionally, the significant increase in holdings of Wave Life Sciences Ltd. (WVE) and McDonald's Corporation (MCD) alongside major reductions in Disney (DIS) and Roblox Corporation (RBLX) reflect a recalibration towards high-potential biotech and stable consumer services while reducing exposure to entertainment and gaming sectors.</p>