Founder and CEO of Dallas based Maverick Capital, Lee Ainslie (Trades, Portfolio) started Maverick Capital back in 1993 with $38 million. Today, the portfolio is worth $6,214 Mil.
According to his latest buys’ page, during the Q1 of 2015 he bought 90 new stocks; the following stocks are the ones that had the biggest impact on his portfolio.
He bought 11,117,977 shares of Aramark (ARMK) (an impact of 5.66% on his portfolio), a provider of food, facilities and uniform services to education, healthcare, business and industry, and sports, leisure and corrections clients.
The company has positive returns (ROE of 13.59%, ROA of 2.29%, ROC of 49.03%) and a financial strength rated 6/10. Its price rose by 20% over the last 12 months and is now trading at a P/E (ttm) ratio of 32.80.
Since that buy, the price of the stock didn’t face any change.
He reduced by 95% his stake of Dollar General Corp (DG) (an impact of 5.15% on his portfolio), a discount retailer in the United States with 11,879 stores located in 43 states as of February 27, 2015.
The company has positive returns (ROE of 20.19%, ROA of 9.79%, ROC of 56.33%) and a financial strength rated 8/10. Its price rose by 33% over the last 12 months and is now trading at a P/E (ttm) ratio of 21.30.
Since that sale the price of the stock rose by 6%.
He increased by 220.68% his stake of Priceline Group Inc (PCLN) (an impact of 4.59% on his portfolio). The Company is a provider of online travel and travel related reservation and search services. The Company offer consumers accommodation reservations (including hotels, bed and breakfasts, hostels, apartments, vacation rentals and other properties) through its Booking.com, priceline.com and agoda.com brands.
The company has positive returns (ROE of 29.59%, ROA of 17.47%, ROC of 1639.78%) and a financial strength rated 9/10. Its price rose by 3% over the last 12 months and is now trading at a P/E (ttm) ratio of 26.30.
Since that buy the price of the stock didn’t face any change.
He sold out CBS Corp (CBS) (an impact of 3.8% on his portfolio). The company is a mass media company. The Company operates businesses within the media and entertainment industries, including the CBS Television Network, cable networks, content production and distribution, television and radio stations, Internet-based businesses, and consumer publishing.
The company has positive returns (ROE of 37.60%, ROA of 11.66%, ROC of 81.90%) and a financial strength rated 7/10. Its price rose by 5% over the last 12 months and is now trading at a P/E (ttm) ratio of 11.90.
Since that sale the price of the stock rose by 3%.
He bought 1,092,777 shares of Baidu Inc (BIDU) (an impact of 3.67% on his portfolio). The Company is a Chinese language Internet search provider. It provides a platform for businesses to reach customers and offers its products and services to users through Baidu.com free of charge.
The company has positive returns (ROE of 27.39%, ROA of 14.48%, ROC of 159.41%) and a financial strength rated 9/10. Its price rose by 22% over the last 12 months and is now trading at a P/E (ttm) ratio of 32.50.
Since that buy the price of the stock dropped by 10%.
He increased by 161.79% his stake of Avago Technologies Ltd (AVGO) (an impact of 3.05% on his portfolio). The Company is a designer, developer and global supplier of various analog semiconductor devices with a focus on III-V based products.
The company has positive returns (ROE of 14.89%, ROA of 6.22%, ROC of 37.87%) and a financial strength rated 7/10. Its price rose by 87% over the last 12 months and is now trading at a very high P/E (ttm) ratio of 74.40.
Since that buy the price of the stock dropped by 12%.
He sold out Calpine Corp (CPN) (an impact of 3 % on his portfolio). The Company owns and operates natural gas-fired and geothermal power plants in North America. It sells wholesale power, steam, capacity, renewable energy credits and ancillary services to utilities, independent electric system operators, industrial and agricultural companies, retail power providers, municipalities, power marketers and others.
The company has positive returns (ROE of 28.45%, ROA of 5.39%, ROC of 14.58%) and a financial strength rated 4/10. Its price dropped by 6% over the last 12 months and is now trading at a very low P/E (ttm) ratio of 8.90.
Since that sale the price of the stock declined by 4%.
He sold out Qihoo 360 Technology Co Ltd (QIHU) (an impact of 3% on his portfolio). The Company is an Internet company in China. Its two core Internet security products are 360 Safe Guard and 360 Anti-Virus. 360 Safe Guard is its flagship Internet security product and a one-stop solution for Internet security and system optimization. 360 Anti-Virus is an anti-virus application that uses multiple scan engines to protect its users' computers against all kinds of malware, including traditional viruses, and may operate without Internet connection.
The company has positive returns (ROE of 25.53%, ROA of 9.47%, ROC of 120.41%) and a financial strength rated 5/10. Its price dropped by 27% over the last 12 months and is now trading at a P/E (ttm) ratio of 34.40.
Since that sale the price of the stock increased by 7%.
Conclusion
The aforementioned trades are the ones with an impact higher than 3% on Lee Ainslie's (Trades, Portfolio) portfolio. The first thing that jumps to our eyes is that each company has positive and good returns (regardless if the Investor either bought or sold) and very strong financial situation.
I don’t have any open positions on these stocks, but PCLN and BIDU are on my watch list. I think the investing strategy of Lee Ainslie (Trades, Portfolio) meets many of my criterias.
What about yours? Do you have any of these stocks on your portfolio/watch list? What do you think about the above trades?
