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Maverick’s Tiger Lee Ainslie Sells 20 Companies in First Quarter

May 29, 2013 | About:
Sally Jones

Sally Jones

49 followers
Dallas-based Maverick Capital’s co-founder and CEO Lee Ainslie is of "Tiger Cub" fame, trained early in his career by the incomparable Julian Robertson of Tiger Management. Running the hedge fund since 1993, Ainslie’s recently updated portfolio lists 58 stocks, 19 of them new, with a total value of $7.7 billion and a quarter-over-quarter turnover of 40%. According to GuruFocus research, Guru Lee Ainslie sold out holdings in 20 companies in the first quarter of 2013. These five sell-out trades, as of March 31, 2013, made the heaviest impact on his portfolio.

Sold Out: Avago Technologies Ltd. (AVGO) – Semiconductors

Lee Ainslie sold out his holding of around 5.69 million shares at an average price of $34.66 for a loss of 0.4%. Ainslie traded AVGO for nine quarters; his highest gain was 37.2% in the fourth quarter of 2010.

This trade impacts his portfolio by -2.7%.

The current share price is $34.51 compared to past valuations.

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Sold Out: Comcast Corp. (CMCSA) – Pay TV

As of March 31, 2013, Lee Ainslie also sold out his holding of around 3.9 million shares at an average price of $39.83 for a gain of 2.4%. In 11 quarters of buying and selling, Ainslie always gained with CMCSA; his highest gains were 122.8% and 123.5% in the second and third quarters of 2010, respectively.

This trade impacts his portfolio by -2.2%.

The current share price is $40.79 compared to past valuations.

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Sold Out: United Technologies Corp. (UTX) – Diversified Industrials

Lee Ainslie also sold out his position of around 1.8 million shares at an average price of $89.54 for a gain of 6.5%. In three quarters of trading, Ainslie made only gains with UTX; his highest gain was 23.3% in the third quarter of 2012.

This trade impacts his portfolio by -2.2%.

The current share price is $95.35 compared to past valuations.

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Sold Out: Las Vegas Sands Corp. (LVS) – Resorts and Casinos

Lee Ainslie also sold out his position of around 2.23 million shares at an average price of $52.68 for a gain of 11.4%. In eight quarters of trading, Ainslie made only gains with LVS; his highest gain was 553.1% in the fourth quarter of 2008.

This trade impacts his portfolio by -1.5%.

The current share price is $58.71 compared to past valuations.

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Sold Out: Liquidity Service Inc. (LQDT) – Specialty Retail

Ainslie sold out his position of around 2.54 million shares at an average price of $35.48 for a gain of 10.7%. In four quarters of trading, Ainslie made a gain only in the first quarter of 2013. In the second, third and fourth quarters of 2012, he had a loss of 30.5%, 16.1% and 2.8%, respectively.

This trade impacts his portfolio by -1.5%.

The current share price is $39.27 compared to past valuations.

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At Maverick Capital, Lee Ainslie’s management and investing philosophy is to utilize the knowledge of experts in each industry sector. With industry-specific input from his experts, Ainslie makes the final investment decisions.



Study the rest of Guru Lee Ainslie’s trades.



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About the author:

Sally Jones
Sally Jones writes about Real Time Picks. She says, "I truly enjoy watching the Gurus in realtime and telling their story."

Rating: 3.6/5 (5 votes)

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