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Hedge Fund Maverick Capital Buys JPM, URBN, BLK, MCK, FNSR, CTSH, AVGO, Sells HPQ, EXPE, UNH, TYC

gurufocus

gurufocus

370 followers
Lee Ainslie at hedge fund Maverick Capital just reported his Q4 portfolio. As of 12/31/2010, Maverick Capital owns 76 stocks with a total value of $9.4 billion. These are the details of the buys and sells.

Lee S. Ainslie III is the Managing Partner of Maverick Capital Management, LLC. Before starting Maverick in 1993, Mr. Ainslie was a Managing Director of Tiger Management Corporation. Mr. Ainslie serves as Vice Chairman of the Board of Directors of The Robin Hood Foundation, and also serves on the Board of the University of Virginia's Jefferson Scholars Foundation. Mr. Ainslie received a B.S. in Systems Engineering from the University of Virginia and an MBA from the University of North Carolina.

According to his recent presentation at a conference, Mr. Ainslie thinks that the most attractive stocks are now are high quality, low betas, large cap stocks that have high returns on capital and strong balance sheets. Lee wants companies driven by secular not cyclical trends. Right now he sees all these opportunities in larger cap tech stocks. He also likes tech stocks on the basis that they have more cash relative to their balance sheet today than any time since 1950s, and these companies also have a ton of cash relative to their market cap. These companies have nothing to do with that cash since t bills are at very low yields currently. As a result share buybacks are up 224% YTD.

As we see that technology is the largest holdings in his portfolio.

This is the portfolio chart of Lee Ainslie. You can click on the legend of the chart to show/hide buys, sells, or holdings. Each ball on the chart represents a position in the portfolio. You can move your mouse on the balls to see the details of each position and click to see the details of all guru trades with this position.



For the details of Lee Ainslie's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Lee+Ainslie

This is the sector weightings of his portfolio:

Technology 34.2%
Consumer Services 24.3%
Financials 14.2%
Health Care 13.6%
Industrials 3.5%
Consumer Goods 2.9%
Oil & Gas 1.6%
Basic Materials 0.5%


These are the top 5 holdings of Lee Ainslie

  1. CORNING Inc. (GLW) - 19,706,424 shares, 4.03% of the total portfolio. Shares reduced by 4.68%
  2. Marvell Technology Group Ltd. (MRVL) - 20,199,993 shares, 3.97% of the total portfolio. Shares reduced by 6.89%
  3. CITIGROUP INC. (C) - 78,989,466 shares, 3.96% of the total portfolio. Shares reduced by 7.48%
  4. Apple Inc. (AAPL) - 1,154,695 shares, 3.95% of the total portfolio. Shares reduced by 13.3%
  5. JP Morgan Chase (JPM) - 8,565,048 shares, 3.85% of the total portfolio. Shares added by 10000%


Added: Qualcomm Inc. (QCOM)

Lee Ainslie added to his holdings in Qualcomm Inc. by 512.5%. His purchase prices were between $43.89 and $49.99, with an estimated average price of $47.04. The impact to his portfolio due to this purchase was 3.14%. His holdings were 7,144,196 shares as of 12/31/2010.

Added: Amdocs Ltd. (DOX)

Lee Ainslie added to his holdings in Amdocs Ltd. by 939.29%. His purchase prices were between $25.98 and $30.68, with an estimated average price of $27.92. The impact to his portfolio due to this purchase was 2.32%. His holdings were 8,841,501 shares as of 12/31/2010.

Added: Teva Pharmaceutical Industries Ltd. (TEVA)

Lee Ainslie added to his holdings in Teva Pharmaceutical Industries Ltd. by 111.55%. His purchase prices were between $48.75 and $54.7, with an estimated average price of $51.74. The impact to his portfolio due to this purchase was 1.39%. His holdings were 4,785,727 shares as of 12/31/2010.

Added: Dell Inc. (DELL)

Lee Ainslie added to his holdings in Dell Inc. by 106.54%. His purchase prices were between $12.9 and $14.71, with an estimated average price of $13.89. The impact to his portfolio due to this purchase was 1.33%. His holdings were 17,900,529 shares as of 12/31/2010.

Added: Life Technologies Corp. (LIFE)

Lee Ainslie added to his holdings in Life Technologies Corp. by 63.72%. His purchase prices were between $45.51 and $55.93, with an estimated average price of $50.85. The impact to his portfolio due to this purchase was 0.98%. His holdings were 4,282,335 shares as of 12/31/2010.

Added: Owens Corning (OC)

Lee Ainslie added to his holdings in Owens Corning by 151.34%. His purchase prices were between $25.59 and $31.53, with an estimated average price of $28.11. The impact to his portfolio due to this purchase was 0.87%. His holdings were 4,383,758 shares as of 12/31/2010.

Added: Vanceinfo Technologies Inc (VIT)

Lee Ainslie added to his holdings in Vanceinfo Technologies Inc by 981.95%. His purchase prices were between $31.31 and $40.33, with an estimated average price of $35.57. The impact to his portfolio due to this purchase was 0.83%. His holdings were 2,496,238 shares as of 12/31/2010.

Added: Comcast Corp. (CMCSA)

Lee Ainslie added to his holdings in Comcast Corp. by 61.37%. His purchase prices were between $17.66 and $22.25, with an estimated average price of $20.33. The impact to his portfolio due to this purchase was 0.72%. His holdings were 8,102,111 shares as of 12/31/2010.

Added: Home Inns & Hotels Management Inc. (HMIN)

Lee Ainslie added to his holdings in Home Inns & Hotels Management Inc. by 103.73%. His purchase prices were between $39.67 and $53.66, with an estimated average price of $47.28. The impact to his portfolio due to this purchase was 0.65%. His holdings were 2,943,346 shares as of 12/31/2010.

Added: Apollo Group Inc. (APOL)

Lee Ainslie added to his holdings in Apollo Group Inc. by 19.56%. His purchase prices were between $34 and $50.49, with an estimated average price of $38.66. The impact to his portfolio due to this purchase was 0.63%. His holdings were 9,175,866 shares as of 12/31/2010.

Added: Dollar General Corp. (DG)

Lee Ainslie added to his holdings in Dollar General Corp. by 15.37%. His purchase prices were between $27.9 and $33.43, with an estimated average price of $30.01. The impact to his portfolio due to this purchase was 0.29%. His holdings were 6,792,935 shares as of 12/31/2010.

Added: Skyworks Solutions Inc. (SWKS)

Lee Ainslie added to his holdings in Skyworks Solutions Inc. by 22.07%. His purchase prices were between $20.08 and $29.18, with an estimated average price of $24.45. The impact to his portfolio due to this purchase was 0.23%. His holdings were 4,211,176 shares as of 12/31/2010.

Added: Goodrich Corp. (GR)

Lee Ainslie added to his holdings in Goodrich Corp. by 12.22%. His purchase prices were between $73.11 and $88.56, with an estimated average price of $83.2. The impact to his portfolio due to this purchase was 0.2%. His holdings were 1,936,582 shares as of 12/31/2010.

Added: Directv (DTV)

Lee Ainslie added to his holdings in Directv by 7.16%. His purchase prices were between $39.26 and $44.18, with an estimated average price of $41.64. The impact to his portfolio due to this purchase was 0.17%. His holdings were 6,084,777 shares as of 12/31/2010.

Added: Solarwinds Inc. (SWI)

Lee Ainslie added to his holdings in Solarwinds Inc. by 7.85%. His purchase prices were between $16.37 and $19.44, with an estimated average price of $18.16. The impact to his portfolio due to this purchase was 0.1%. His holdings were 6,462,933 shares as of 12/31/2010.

Added: Soufun Holdings Ltd. (SFUN)

Lee Ainslie added to his holdings in Soufun Holdings Ltd. by 26.06%. His purchase prices were between $63.31 and $91.85, with an estimated average price of $73.75. The impact to his portfolio due to this purchase was 0.04%. His holdings were 260,988 shares as of 12/31/2010.

Added: Hisoft Technology International Ltd. (HSFT)

Lee Ainslie added to his holdings in Hisoft Technology International Ltd. by 23.6%. His purchase prices were between $23.27 and $32.47, with an estimated average price of $27.4. The impact to his portfolio due to this purchase was 0.04%. His holdings were 654,672 shares as of 12/31/2010.

New Purchase: Jp Morgan Chase (JPM)

Lee Ainslie initiated holdings in Jp Morgan Chase. His purchase prices were between $36.96 and $42.67, with an estimated average price of $39.41. The impact to his portfolio due to this purchase was 3.85%. His holdings were 8,565,048 shares as of 12/31/2010.

New Purchase: Urban Outfitters Inc. (URBN)

Lee Ainslie initiated holdings in Urban Outfitters Inc.. His purchase prices were between $29.28 and $38.46, with an estimated average price of $34.31. The impact to his portfolio due to this purchase was 2.62%. His holdings were 6,913,122 shares as of 12/31/2010.

New Purchase: Blackrock Inc. (BLK)

Lee Ainslie initiated holdings in Blackrock Inc.. His purchase prices were between $163 and $192.51, with an estimated average price of $174.32. The impact to his portfolio due to this purchase was 2.61%. His holdings were 1,291,900 shares as of 12/31/2010.

New Purchase: Mckesson Corp. (MCK)

Lee Ainslie initiated holdings in Mckesson Corp.. His purchase prices were between $59.88 and $70.97, with an estimated average price of $65.36. The impact to his portfolio due to this purchase was 2.53%. His holdings were 3,399,600 shares as of 12/31/2010.

New Purchase: Finisar Corp. (FNSR)

Lee Ainslie initiated holdings in Finisar Corp.. His purchase prices were between $16.86 and $29.85, with an estimated average price of $21.62. The impact to his portfolio due to this purchase was 1.35%. His holdings were 4,290,906 shares as of 12/31/2010.

New Purchase: Bank Of America Corp. (BAC)

Lee Ainslie initiated holdings in Bank Of America Corp.. His purchase prices were between $10.95 and $13.56, with an estimated average price of $12.2. The impact to his portfolio due to this purchase was 1.3%. His holdings were 9,196,637 shares as of 12/31/2010.

New Purchase: Cognizant Technology Solutions Corp. (CTSH)

Lee Ainslie initiated holdings in Cognizant Technology Solutions Corp.. His purchase prices were between $61.75 and $74.16, with an estimated average price of $67.13. The impact to his portfolio due to this purchase was 1.3%. His holdings were 1,668,792 shares as of 12/31/2010.

New Purchase: Avago Technologies Ltd. (AVGO)

Lee Ainslie initiated holdings in Avago Technologies Ltd.. His purchase prices were between $21.95 and $28.88, with an estimated average price of $25.14. The impact to his portfolio due to this purchase was 1.3%. His holdings were 4,331,489 shares as of 12/31/2010.

New Purchase: Citrix Systems Inc. (CTXS)

Lee Ainslie initiated holdings in Citrix Systems Inc.. His purchase prices were between $55.69 and $70.88, with an estimated average price of $65.34. The impact to his portfolio due to this purchase was 1.28%. His holdings were 1,762,091 shares as of 12/31/2010.

New Purchase: Time Warner Cable Inc. (TWC)

Lee Ainslie initiated holdings in Time Warner Cable Inc.. His purchase prices were between $55 and $66.11, with an estimated average price of $61.31. The impact to his portfolio due to this purchase was 1.27%. His holdings were 1,814,521 shares as of 12/31/2010.

New Purchase: Whiting Petroleum Corp. (WLL)

Lee Ainslie initiated holdings in Whiting Petroleum Corp.. His purchase prices were between $48.855 and $59.105, with an estimated average price of $53.86. The impact to his portfolio due to this purchase was 1.2%. His holdings were 963,387 shares as of 12/31/2010.

New Purchase: Cigna Corp. (CI)

Lee Ainslie initiated holdings in Cigna Corp.. His purchase prices were between $34.58 and $38.26, with an estimated average price of $36.49. The impact to his portfolio due to this purchase was 1.18%. His holdings were 3,025,927 shares as of 12/31/2010.

New Purchase: Huntington Bancshares Inc. (HBAN)

Lee Ainslie initiated holdings in Huntington Bancshares Inc.. His purchase prices were between $5.55 and $6.96, with an estimated average price of $6.04. The impact to his portfolio due to this purchase was 0.96%. His holdings were 13,150,000 shares as of 12/31/2010.

New Purchase: Camelot Information Systems Inc. (CIS)

Lee Ainslie initiated holdings in Camelot Information Systems Inc.. His purchase prices were between $16.03 and $24.68, with an estimated average price of $19.43. The impact to his portfolio due to this purchase was 0.84%. His holdings were 3,322,661 shares as of 12/31/2010.

New Purchase: Thoratec Corp. (THOR)

Lee Ainslie initiated holdings in Thoratec Corp.. His purchase prices were between $24.74 and $37.26, with an estimated average price of $30.37. The impact to his portfolio due to this purchase was 0.6%. His holdings were 1,992,854 shares as of 12/31/2010.

New Purchase: Pacific Biosciences Of California Inc. (PACB)

Lee Ainslie initiated holdings in Pacific Biosciences Of California Inc.. His purchase prices were between $11.53 and $16.97, with an estimated average price of $13.88. The impact to his portfolio due to this purchase was 0.54%. His holdings were 3,543,333 shares as of 12/31/2010.

New Purchase: Stillwater Mining Company (SWC)

Lee Ainslie initiated holdings in Stillwater Mining Company. His purchase prices were between $15.63 and $22.46, with an estimated average price of $19.06. The impact to his portfolio due to this purchase was 0.47%. His holdings were 2,056,451 shares as of 12/31/2010.

New Purchase: Berry Petroleum (BRY)

Lee Ainslie initiated holdings in Berry Petroleum. His purchase prices were between $31.1 and $44.53, with an estimated average price of $37.94. The impact to his portfolio due to this purchase was 0.44%. His holdings were 946,102 shares as of 12/31/2010.

New Purchase: Citigroup Inc. (C.PH)

Lee Ainslie initiated holdings in Citigroup Inc.. His purchase prices were between $118.65 and $138, with an estimated average price of $127.88. The impact to his portfolio due to this purchase was 0.36%. His holdings were 250,000 shares as of 12/31/2010.

New Purchase: 7 Days Group Holdings Ltd. (SVN)

Lee Ainslie initiated holdings in 7 Days Group Holdings Ltd.. His purchase prices were between $17.49 and $24.97, with an estimated average price of $21.14. The impact to his portfolio due to this purchase was 0.34%. His holdings were 1,495,529 shares as of 12/31/2010.

New Purchase: China Lodging Group Ltd. (HTHT)

Lee Ainslie initiated holdings in China Lodging Group Ltd.. His purchase prices were between $19.7 and $27.07, with an estimated average price of $23.1. The impact to his portfolio due to this purchase was 0.22%. His holdings were 972,556 shares as of 12/31/2010.

New Purchase: Fxcm Inc. (FXCM)

Lee Ainslie initiated holdings in Fxcm Inc.. His purchase prices were between $12.21 and $15, with an estimated average price of $13.41. The impact to his portfolio due to this purchase was 0.11%. His holdings were 811,600 shares as of 12/31/2010.

New Purchase: Isoftstone Holdings Ltd. (ISS)

Lee Ainslie initiated holdings in Isoftstone Holdings Ltd.. His purchase prices were between $16.62 and $17.8, with an estimated average price of $17.33. The impact to his portfolio due to this purchase was 0.09%. His holdings were 447,171 shares as of 12/31/2010.

New Purchase: Youku.com (YOKU)

Lee Ainslie initiated holdings in Youku.com. His purchase prices were between $29.72 and $42.7, with an estimated average price of $33.87. The impact to his portfolio due to this purchase was 0.07%. His holdings were 200,000 shares as of 12/31/2010.

Reduced: Abercrombie & Fitch Co. (ANF)

Lee Ainslie reduced to his holdings in Abercrombie & Fitch Co. by 67.18%. His sale prices were between $37.92 and $58.14, with an estimated average price of $48.65. The impact to his portfolio due to this sale was -2.78%. Lee Ainslie still held 2,222,725 shares as of 12/31/2010.

Reduced: Bed Bath & Beyond Inc. (BBBY)

Lee Ainslie reduced to his holdings in Bed Bath & Beyond Inc. by 48.41%. His sale prices were between $42.73 and $50.1, with an estimated average price of $45.03. The impact to his portfolio due to this sale was -1.48%. Lee Ainslie still held 3,028,592 shares as of 12/31/2010.

Reduced: Wellpoint Inc. (WLP)

Lee Ainslie reduced to his holdings in Wellpoint Inc. by 52.47%. His sale prices were between $54.34 and $59.97, with an estimated average price of $56.69. The impact to his portfolio due to this sale was -1.4%. Lee Ainslie still held 2,109,368 shares as of 12/31/2010.

Reduced: Pfizer Inc. (PFE)

Lee Ainslie reduced to his holdings in Pfizer Inc. by 31.98%. His sale prices were between $16.3 and $17.8, with an estimated average price of $17.16. The impact to his portfolio due to this sale was -1.27%. Lee Ainslie still held 14,594,419 shares as of 12/31/2010.

Reduced: Progressive Corp. (PGR)

Lee Ainslie reduced to his holdings in Progressive Corp. by 46.16%. His sale prices were between $19.62 and $21.97, with an estimated average price of $20.79. The impact to his portfolio due to this sale was -1.17%. Lee Ainslie still held 6,464,810 shares as of 12/31/2010.

Reduced: Children's Place Retail Stores Inc. (PLCE)

Lee Ainslie reduced to his holdings in Children's Place Retail Stores Inc. by 75.57%. His sale prices were between $43.48 and $56.55, with an estimated average price of $49.36. The impact to his portfolio due to this sale was -0.99%. Lee Ainslie still held 599,754 shares as of 12/31/2010.

Reduced: Itron Inc. (ITRI)

Lee Ainslie reduced to his holdings in Itron Inc. by 79.9%. His sale prices were between $53.25 and $63.22, with an estimated average price of $58.5. The impact to his portfolio due to this sale was -0.99%. Lee Ainslie still held 418,851 shares as of 12/31/2010.

Reduced: Devry Inc. (DV)

Lee Ainslie reduced to his holdings in Devry Inc. by 43.93%. His sale prices were between $41.72 and $50.96, with an estimated average price of $46.04. The impact to his portfolio due to this sale was -0.38%. Lee Ainslie still held 948,567 shares as of 12/31/2010.

Reduced: Lm Ericsson Telephone Company (ERIC)

Lee Ainslie reduced to his holdings in Lm Ericsson Telephone Company by 23.89%. His sale prices were between $10.13 and $11.59, with an estimated average price of $10.83. The impact to his portfolio due to this sale was -0.3%. Lee Ainslie still held 7,917,924 shares as of 12/31/2010.

Reduced: Winnebago Industries Inc. (WGO)

Lee Ainslie reduced to his holdings in Winnebago Industries Inc. by 43.22%. His sale prices were between $9.61 and $15.77, with an estimated average price of $11.53. The impact to his portfolio due to this sale was -0.12%. Lee Ainslie still held 1,022,288 shares as of 12/31/2010.

Reduced: Interactive Brokers Group Inc. (IBKR)

Lee Ainslie reduced to his holdings in Interactive Brokers Group Inc. by 33.05%. His sale prices were between $16.85 and $19.24, with an estimated average price of $17.93. The impact to his portfolio due to this sale was -0.09%. Lee Ainslie still held 1,012,767 shares as of 12/31/2010.

Reduced: Kirkland's Inc. Commonstock (KIRK)

Lee Ainslie reduced to his holdings in Kirkland's Inc. Commonstock by 54.1%. His sale prices were between $10.79 and $14.21, with an estimated average price of $13.07. The impact to his portfolio due to this sale was -0.09%. Lee Ainslie still held 506,550 shares as of 12/31/2010.

Reduced: Artio Global Investors Inc. (ART)

Lee Ainslie reduced to his holdings in Artio Global Investors Inc. by 30.95%. His sale prices were between $12.91 and $17.7, with an estimated average price of $15.07. The impact to his portfolio due to this sale was -0.05%. Lee Ainslie still held 791,609 shares as of 12/31/2010.

Sold Out: Hewlett Packard Co (HPQ)

Lee Ainslie sold out his holdings in Hewlett Packard Co. His sale prices were between $40.64 and $44.25, with an estimated average price of $42.41.

Sold Out: Expedia Inc. (EXPE)

Lee Ainslie sold out his holdings in Expedia Inc.. His sale prices were between $25.28 and $29.14, with an estimated average price of $27.12.

Sold Out: Unitedhealth Group Inc. (UNH)

Lee Ainslie sold out his holdings in Unitedhealth Group Inc.. His sale prices were between $33.95 and $38.05, with an estimated average price of $36.12.

Sold Out: Tyco International Ltd. Switzerland (TYC)

Lee Ainslie sold out his holdings in Tyco International Ltd. Switzerland. His sale prices were between $36.4 and $42.31, with an estimated average price of $39.16.

Sold Out: Commscope Inc (CTV)

Lee Ainslie sold out his holdings in Commscope Inc. His sale prices were between $21.85 and $32.17, with an estimated average price of $29.32.

Sold Out: Macys Inc. (M)

Lee Ainslie sold out his holdings in Macys Inc.. His sale prices were between $22.18 and $26, with an estimated average price of $24.65.

Sold Out: The Goldman Sachs Group Inc. (GS)

Lee Ainslie sold out his holdings in The Goldman Sachs Group Inc.. His sale prices were between $146.57 and $171.07, with an estimated average price of $161.71.

Sold Out: Lender Processing Services Inc (LPS)

Lee Ainslie sold out his holdings in Lender Processing Services Inc. His sale prices were between $26.39 and $31.72, with an estimated average price of $29.35.

Sold Out: Family Dollar Stores Inc (FDO)

Lee Ainslie sold out his holdings in Family Dollar Stores Inc. His sale prices were between $44.37 and $51.07, with an estimated average price of $48.1.

Sold Out: Invesco Ltd (IVZ)

Lee Ainslie sold out his holdings in Invesco Ltd. His sale prices were between $21.06 and $24.24, with an estimated average price of $22.66.

Sold Out: Cocacola Enterprises Inc. (CCE)

Lee Ainslie sold out his holdings in Cocacola Enterprises Inc.. His sale prices were between $22.01 and $25.93, with an estimated average price of $24.51.

Sold Out: Oracle Corp. (ORCL)

Lee Ainslie sold out his holdings in Oracle Corp.. His sale prices were between $26.9 and $31.76, with an estimated average price of $29.05.

Sold Out: America Movil S.a.b De C.v (AMX)

Lee Ainslie sold out his holdings in America Movil S.a.b De C.v. His sale prices were between $54.3 and $59.48, with an estimated average price of $56.88.

Sold Out: Perfect World Co. Ltd. (PWRD)

Lee Ainslie sold out his holdings in Perfect World Co. Ltd.. His sale prices were between $22.39 and $32.92, with an estimated average price of $26.64.

Sold Out: Itau Unibanco Banco Multiplo S.a. (ITUB)

Lee Ainslie sold out his holdings in Itau Unibanco Banco Multiplo S.a.. His sale prices were between $22.49 and $26.26, with an estimated average price of $24.38.

Sold Out: Capella Education Company (CPLA)

Lee Ainslie sold out his holdings in Capella Education Company. His sale prices were between $53.21 and $81.77, with an estimated average price of $62.23.

Sold Out: Royal Bank Of Scotland Group Plc (RBS.PM)

Lee Ainslie sold out his holdings in Royal Bank Of Scotland Group Plc. His sale prices were between $14.8 and $17.75, with an estimated average price of $16.18.

Sold Out: Royal Bank Of Scotland Group Plc Ads Series N (RBS.PN)

Lee Ainslie sold out his holdings in Royal Bank Of Scotland Group Plc Ads Series N. His sale prices were between $14.7 and $17.73, with an estimated average price of $16.13.

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gurufocus
GuruFocus - Stock Picks and Market Insight of Gurus

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