Founder and CEO of Dallas-based Maverick Capital, Lee Ainslie, started Maverick Capital back in 1993 with $38 million. Nowadays, the fund is worth $10 billion. Ainslie also learned from legendary great Julian Robertson at Tiger Management, Ainslie has averaged more than 13% a year from 1995 to 2009. In the market crash of 2008, his fund lost about 30%.
Ainslie has focused more on technology, media and telecom, industrials, healthcare, financials and consumer stocks. He was a technology analyst at Julian Robertson’s Tiger Management before founding Maverick which explains the dominant theme of technology in his portfolio.
The Maverick Fund Ltd. has returned an average 12.3% per year since 1995, according to the appended article below.
GuruFocus' premium screen shows Maverick Capital currently has the highest exposure to technology at 27.8%, followed by consumer services at 20.3% and financials at 16.3% according to his second-quarter 2011 filings.
Top 10 Maverick’s holdings include technology names such as Marvell Technology Group Ltd. (MRVL), Corning Inc.Technology Hardware & Equipment (GLW), QUALCOMM Inc.Technology Hardware & Equipment (QCOM) and Apple Inc.Technology Hardware & Equipment (AAPL)
With regards to his top two holdings and position size changes from his first quarter filings, Maverick has a new position in Citigroup (NYSE:C) with a 4.3% percentage weighting or 10.7 million shares, and boosted its JP Morgan Chase (NYSE:JPM) holding with a 4.26% percentage weighting or 10.7 million shares.
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Unfortunately, the August blood bath affected Maverick as the following article reports. Investing is a tough business. Below is a snapshot of 10-year chart which the article mentioned had hit the fund’s returns in the August mayhem. One may conduct further due diligence on the below-mentioned stocks as potential plays with lower risk due to recent dips in prices.
Read more Ainslie's Maverick Cap Backfires in August.
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Agnostic investor, trader, writer and perpetual student of the market.