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Maverick Capital's Ainslie Q2 2011 porfolio snapshot and investment ideas: C, JPM, MRVL, GLW, AAPL, QCOM

September 15, 2011 | About:

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.

Click here to get ideas for Real Time Stock Picks on GuruFocus.

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.

Note: This material may not be suitable for all investors and is not intended to be an offer, or the solicitation of any offer, to buy or sell any securities.

About the author:

Graduated with BA Economics from National University of Singapore. Passed Level 1 of the CFA examination and CAIA Level I Candidate. Long-biased US equities, with strong focus on small to mid-cap stocks (NYSE, NASDAQ, AMEX, OTC & ADR) utilizing fundamental and technical analysis.

Agnostic investor, trader, writer and perpetual student of the market.

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