Lee Ainslie Invests in Apple, American Airlines

Stocks the investor bought during the last 2 quarters

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Sep 12, 2016
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Lee Ainslie (Trades, Portfolio) is founder and CEO of Dallas-based Maverick Capital. He started the firm back in 1993 with $38 million. In both the first and second quarters the guru bought shares in the following stocks:

American Airlines Group Inc. (AAL)

During the first quarter, the guru increased his stake by 92.91% and in the second quarter increased it 59.85%. The company through its subsidiaries operates in the airline industry. It has hubs in Charlotte, North Carolina, Chicago, Dallas-Fort Worth, Los Angeles, Miami, New York City, Philadelphia, Phoenix and Washington, D.C.

The largest shareholder among the gurus is PRIMECAP Management (Trades, Portfolio) with 6.69% of outstanding shares followed by Pioneer Investments (Trades, Portfolio) with 0.1% and George Soros (Trades, Portfolio) with 0.06%.

Apple Inc. (AAPL)

During the first quarter, the investor increased his stake by 8.75% and again by 38.31% in second quarter. The company designs, manufactures and markets mobile communication and media devices, personal computers and portable digital music players and sells a variety of related software, services, accessories, networking solutions and third-party digital content.

Warren Buffett (Trades, Portfolio) is the largest shareholder among the gurus with 0.28% of outstanding shares followed by Ken Fisher (Trades, Portfolio) with 0.21%, Spiros Segalas (Trades, Portfolio) with 0.2%, Pioneer Investments (Trades, Portfolio) with 0.16% and Jeremy Grantham (Trades, Portfolio) with 0.13% and David Einhorn (Trades, Portfolio) with 0.13%.

Aetna Inc. (AET)

During first quarter, the guru increased his stake by 78.66% and in the second quarter raised it by 17.92%. The company is a health care benefit company that offers traditional and consumer-directed health insurance products and related services including medical, pharmacy, dental, behavioral health, group life and disability plans.

The largest shareholder among the gurus is Vanguard Health Care Fund (Trades, Portfolio) with 2.33% of outstanding shares followed by Larry Robbins (Trades, Portfolio) with 1.48%, Pioneer Investments (Trades, Portfolio) with 0.36%, Andreas Halvorsen (Trades, Portfolio) with 0.27%, Grantham with 0.24%, Diamond Hill Capital (Trades, Portfolio) with 0.23% and Jim Simons (Trades, Portfolio) with 0.09%.

Alaska Air Group Inc. (ALK)

During the first quarter the investor increased his stake by 103.94% and in the second quarter increased the stake by 36.70%. The investor holds 0.01% of outstanding shares in the company, which through its subsidiaries provides passenger air, freight and mail services within Alaska and on the West Coast.

PRIMECAP Management (Trades, Portfolio) is the largest shareholder among the gurus with 6.12% of outstanding shares followed by Simons with 2.56%, Grantham with 0.59%, Joel Greenblatt (Trades, Portfolio) with 0.49%, Steven Cohen (Trades, Portfolio) with 0.38% and Diamond Hill Capital (Trades, Portfolio) with 0.24%.

Amgen Inc. (AMGN)

During the first quarter and then during the second quarter, the guru increased his stake by 105.95% and by 13.87%. The company is a biotechnology company that discovers, develops, manufactures and delivers human therapeutics. It operates in one business segment being human therapeutics.

The largest shareholder among the gurus is PRIMECAP Management (Trades, Portfolio) with 3.83% of outstanding shares followed by Vanguard Health Care Fund (Trades, Portfolio) with 0.69%, Simons with 0.16%, First Eagle Investment (Trades, Portfolio) with 0.13%, Greenblatt with 0.06% and David Carlson (Trades, Portfolio) with 0.06%.

Ameriprise Financial Inc. (AMP)

During the first quarter, the investor raised his stake by 152.81% and then increased it by 2.91% in the second quarter. The company through its subsidiaries is engaged in providing financial planning, products and services as solutions for its clients' cash and liquidity, asset accumulation, income, protection and estate and wealth transfer needs.

Barrow, Hanley, Mewhinney & Strauss is the largest shareholder among the gurus with 1.69% of outstanding shares followed by T Rowe Price Equity Income Fund (Trades, Portfolio) with 1.6%, Louis Moore Bacon (Trades, Portfolio) with 0.07%, First Pacific Advisors (Trades, Portfolio) with 0.03%, Ray Dalio (Trades, Portfolio) with 0.02% and Mario Gabelli (Trades, Portfolio) with 0.02%.

Cisco Systems Inc. (CSCO)

During the first quarter, the investor increased his stake by 40.77% and in the second quarter increased it 13.87%. The company is engaged in designing, manufacturing and selling of Internet Protocol (IP) based networking products and services related to the communications and information technology (IT) industry.

The largest shareholder among the gurus is Dodge & Cox with 1.37% of outstanding shares followed by PRIMECAP Management (Trades, Portfolio) with 0.57%, Jeremy Grantham (Trades, Portfolio) with 0.56%, Donald Yacktman (Trades, Portfolio) with 0.56%, First Pacific Advisors (Trades, Portfolio) with 0.39%, Fisher with 0.31%, Steven Romick (Trades, Portfolio) with 0.31% and Yacktman Fund (Trades, Portfolio) with 0.29%.

MasterCard Inc. Class AĂ‚ (MA)

During the first quarter the guru increased his stake by 109.36% and then by 14.31% in the second quarter. The company is a technology company in the payments industry that connects consumers, financial institutions, merchants, governments and businesses, enabling them to use electronic forms of payment instead of cash and checks.

The largest shareholder among the gurus is Tom Russo (Trades, Portfolio) with 0.89% of outstanding shares followed by Segalas with 0.8%, Halvorsen with 0.59%, Simons with 0.49%, Buffett with 0.45% and Steve Mandel (Trades, Portfolio) with 0.45%.

ManpowerGroup Inc. (MAN)

During the first quarter, the investor increased his stake 72.82% and in the second quarter increased it 8.43%. The investor Ă‚ holds 0.02% of outstanding shares of the stock which is engaged in the employment services industry. It offers permanent, temporary and contract recruitment services; assessment and selection services; training and development services and outsourcing services among others.

Robbins is the largest shareholder among the gurus with 5.13% of outstanding shares followed by Chuck Royce (Trades, Portfolio) with 1.41%, Columbia Wanger (Trades, Portfolio) with 0.76%, HOTCHKIS & WILEY with 0.53%, John Buckingham (Trades, Portfolio) with 0.16% and Greenblatt with 0.14%.

Disclosure: I own few shares of Apple but do not own any shares of any other stock mentioned in this article.

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