Maverick Capital's founder reshapes his tech-heavy portfolio with significant reductions and strategic new positions.
Lee Ainslie (Trades, Portfolio), the founder and CEO of Dallas-based Maverick Capital, recently submitted his 13F filing for the second quarter of 2026, revealing a series of decisive portfolio adjustments. Ainslie, who launched Maverick Capital in 1993 with $38 million after learning from legendary fund manager Julian Robertson at Tiger Management (Trades, Portfolio), relies on six industry experts to research opportunities across consumer, health care, cyclical, retail, financial, telecommunications, media, and technology sectors. His final investment decisions are informed by their insights, reflecting a disciplined, research-driven approach that value investors closely monitor.
Summary of New Buy
Lee Ainslie (Trades, Portfolio) added a total of 84 stocks to his portfolio during the quarter, with the most significant additions including:
- The most significant addition was Meta Platforms Inc META, with 764,041 shares, accounting for 3.8% of the portfolio and a total value of $430.38 million.
- The second largest addition was DPC Holdings PLC DPC, consisting of 5,126,868 shares, representing approximately 2.22% of the portfolio, with a total value of $251.52 million.
- The third largest addition was Snowflake Inc SNOW, with 977,710 shares, accounting for 2.2% of the portfolio and a total value of $248.83 million.
Key Position Increases
Ainslie also increased stakes in a total of 49 stocks, with the most notable changes being:
- The most notable increase was GFL Environmental Inc GFL, with an additional 6,353,275 shares, bringing the total to 10,202,931 shares. This adjustment represents a significant 165.03% increase in share count, a 2.06% impact on the current portfolio, and a total value of $375.28 million.
- The second largest increase was Alphabet Inc GOOG, with an additional 569,421 shares, bringing the total to 1,442,118. This adjustment represents a significant 65.25% increase in share count and a total value of $509.54 million.
Summary of Sold Out
Lee Ainslie (Trades, Portfolio) completely exited 146 holdings in the second quarter of 2026, as detailed below:
- Argan Inc AGX: Lee Ainslie (Trades, Portfolio) sold all 464,759 shares, resulting in a -2.92% impact on the portfolio.
- Linde PLC LIN: Lee Ainslie (Trades, Portfolio) liquidated all 426,111 shares, causing a -2.44% impact on the portfolio.
Key Position Reduces
Ainslie also reduced positions in 40 stocks, with the most significant changes including:
- Reduced ASML Holding NV ASML by 257,397 shares, resulting in a -99.62% decrease in shares and a -3.93% impact on the portfolio. The stock traded at an average price of $1,587.42 during the quarter and has returned 16.53% over the past 3 months and 73.20% year-to-date.
- Reduced Applied Materials Inc AMAT by 867,475 shares, resulting in a -99.72% reduction in shares and a -3.42% impact on the portfolio. The stock traded at an average price of $459.49 during the quarter and has returned 15.26% over the past 3 months and 97.85% year-to-date.
Portfolio Overview
At the end of the second quarter of 2026, Lee Ainslie (Trades, Portfolio)'s portfolio included 179 stocks. The top holdings included 5.4% in NVIDIA Corp NVDA, 5.01% in Advanced Micro Devices Inc AMD, 4.55% in Astera Labs Inc ALAB, 4.53% in Intel Corp INTC, and 4.5% in Alphabet Inc GOOG.
The holdings are mainly concentrated in 11 industries: Technology, Healthcare, Financial Services, Industrials, Consumer Cyclical, Communication Services, Consumer Defensive, Basic Materials, Real Estate, Utilities, and Energy.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
