Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Hedge Fund - Maverick Capital

Lee Ainslie Bio, Returns, Net Worth

Lee Ainslie is a pure long/short equity investor. He doesn’t trade bonds, currencies, commodities or options. He buys what he thinks will beat the market and he sells what he thinks will underperform. It’s as simple as that. He’s beaten the S&P 500 index on average by about 6-7 percentage points annually but with 50% less volatility. This leads us to think he has close to a 10% annual alpha, although we haven’t seen his monthly returns to calculate his actual alpha. During the last 10 years Maverick Capital returned 7.7% and this year it’s outperforming the S&P 500 by more than 4 percentage points.

Lee Ainslie is a pure long/short equity investor. He doesn’t trade bonds, currencies, commodities or options. He buys what he thinks will beat the market and he sells what he thinks will underperform. It’s as simple as that. He’s beaten the S&P 500 index on average by about 6-7 percentage points annually but with 50% less volatility. This leads us to think he has close to a 10% annual alpha, although we haven’t seen his monthly returns to calculate his actual alpha. During the last 10 years Maverick Capital returned 7.7% and this year it’s outperforming the S&P 500 by more than 4 percentage points.

Lee Ainslie underperformed 3 times in the past 10 years; in 2003, 2005 and 2009. In all three cases, his short positions hurt his performance. Last year, Maverick returned 23.6%, compared to 26.5% for the S&P 500 index.

Lee Ainslie, a graduate of UNC, met Julian Robertson when he was managing $700 million with seven other analysts. Ainslie joined Tiger in 1990, worked three years there and then launched Maverick in October 1993 at the behest and support of Sam Wyly. Ainslie was 29 years old.Maverick, on average, has a net market exposure of around 49%.

Show More
Lee Ainslie
Fund Profile
Filing Period:
Fund Name: Maverick Capital
Manager Lee Ainslie
Portfolio Value $6,941,364,000
Change This QTR +1.19%
Fund Holdings Sector Distribution
Filing Period:
No. Security Ticker Shares Value (x$1000) Activity % Port
1. LBTYK 11,636,410 $474,416 -5% 6.83%
2. ARMK 12,314,822 $397,153 -22% 5.72%
3. SABR 13,056,726 $365,197 +19% 5.26%
4. PFE 11,298,953 $364,730 +63% 5.25%
News, Interviews and Investor Letters
X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!