Investor profile

Lee Ainslie

Maverick Capital · Founder · Net worth: ~$1B

Founded Maverick Capital in 1993. Yet another Tiger Cub — Ainslie worked under Julian Robertson before striking out. Known for a collaborative research culture and disciplined risk management.

"Long-short equity, deep fundamental, team-based research."

Today — 2026-04-21

All movers →

Portfolio day:+0.47%

Biggest winner:MSFT +8.30%

Biggest loser:NFLX -12.02%

Positions: Q4 2025 13F · Prices: EOD 2026-04-21

Latest 13F: Q4 2025(69d ago)Next due: Q1 2026by 2026-05-15● RSS — move alerts

Tracked positions

Top concentration

53%

Longest holding

Microsoft (since 2016)

Concentration profile

Diversified

Top 1 · PDD

7.8%

Top 5 combined

34.2%

Top 10 combined

53.5%

Tracked positions

PDDTop-5 zoneTop-10

Lee's single largest bet is PDD at 7.8% of tracked positions. Exposure is spread across a broader basket, reducing single-name risk.

Realized 10-year track record

Maverick Capital partner letters

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10y CAGR

4.0%

net of fees

Alpha vs S&P

-9.2%

vs 13.1% benchmark

Win rate

20%

years beating S&P

Quality score

1.0

computed 0–10

Best year

+22%

Worst year

-32%

Cumulative 10y

1.5×

Volatility

16%

Recent moves

Manager quality score: 1.0/10

Every tracked 13F move — buys, adds, trims, and exits — over the last two quarters.

Q4 2025

16 buys · 13 sells

Ticker	Activity	Share change	% portfolio
DHR	Add 1100%	+550K	1.90%
UNP	Add 107%	+935K	5.80%
CMG	Buy (new)	+4.72M	2.40%
CEG	Buy (new)	+475K	2.30%
BABA	Buy (new)	+825K	1.70%
API	Buy (new)	+3.00M	1.60%
SPOT	Buy (new)	+100K	0.80%
PGR	Buy (new)	+220K	0.70%
TMO	Buy (new)	+50K	0.40%
CSX	Buy (new)	+500K	0.20%
META	Add 50% Big META add — conviction build.	+777K	2.93%
NFLX	Add 35% Adding Netflix.	+180K	3.40%
BN	Add 33%	+1.52M	3.90%
LYV	Add 28%	+375K	3.40%
CRH	Add 20%	+435K	4.50%
VST	Add 7%	+70K	2.20%
SPG	Sell (exit)	-875K	0.00%
FLUT	Sell (exit)	-1.12M	0.00%
APO	Sell (exit)	-1.55M	0.00%
TLN	Sell (exit)	-350K	0.00%
J	Sell (exit)	-915K	0.00%
FND	Sell (exit)	-1.33M	0.00%
TSM	Reduce 61%	-675K	1.80%
PDD	Reduce 26%	-15.80M	7.80%
AMZN	Reduce 23%	-645K	6.90%
COF	Reduce 21%	-285K	3.70%
MSFT	Reduce 16%	-175K	6.10%
LPLA	Reduce 14%	-84K	2.50%
CRS	Reduce 8%	-65K	3.40%

Q3 2025

6 buys · 15 sells

Ticker	Activity	Share change	% portfolio
SPG	Buy (new)	+875K	6.50%
UNP	Buy (new)	+875K	2.30%
FND	Buy (new)	+1.33M	1.10%
META	Add 47%	+70K	1.80%
MSFT	Add 40% Maverick MSFT add.	+250K	3.80%
CRS	Add 13%	+100K	2.30%
CPAY	Sell (exit)	-685K	0.00%
ICE	Sell (exit)	-950K	0.00%
WDAY	Sell (exit)	-300K	0.00%
FTV	Sell (exit)	-1.16M	0.00%
SEA	Sell (exit)	-50K	0.00%
SABRE	Sell (exit)	-750K	0.00%
DHR	Reduce 90%	-450K	0.10%
TLN	Reduce 55%	-435K	1.70%
LYV	Reduce 32%	-625K	2.50%
APO	Reduce 29%	-625K	1.70%
J	Reduce 28%	-349K	1.50%
VST	Reduce 25%	-315K	2.00%
TSM	Reduce 23%	-330K	3.40%
COF	Reduce 23%	-419K	3.30%
CRH	Reduce 16%	-425K	2.90%

Q2 2025

15 buys · 12 sells

Ticker	Activity	Share change	% portfolio
DHR	Buy (new)	+500K	1.30%
WDAY	Buy (new)	+300K	0.90%
SEA	Buy (new)	+50K	0.10%
SABRE	Buy (new)	+750K	0.00%
NVDA	Add 93%	+1.35M	5.80%
COF	Add 72%	+754K	5.00%
CSGP	Add 56%	+1.11M	3.30%
VST	Add 47%	+400K	3.20%
TLN	Add 34%	+200K	3.00%
MSFT	Add 27%	+85K	2.60%
META	Add 20% Starting to build META conviction — 3 Q chain.	+290K	2.10%
AMZN	Add 15%	+360K	7.80%
CPAY	Add 12%	+75K	3.00%
FLUT	Add 10%	+100K	4.00%
BN	Add 10%	+435K	3.80%
SPG	Sell (exit)	-330K	0.00%
EQT	Sell (exit)	-2.95M	0.00%
DFS	Sell (exit)	-740K	0.00%
T	Sell (exit)	-3.77M	0.00%
HESS	Sell (exit)	-625K	0.00%
FTV	Reduce 39%	-740K	0.80%
TSM	Reduce 20%	-350K	4.30%
CRS	Reduce 14%	-120K	2.70%
ICE	Reduce 14%	-150K	2.30%
J	Reduce 10%	-136K	2.20%
APO	Reduce 9%	-225K	3.30%
LYV	Reduce 6%	-125K	3.90%

Q1 2025

12 buys · 11 sells

Ticker	Activity	Share change	% portfolio
SPG	Buy (new)	+330K	2.80%
CSGP	Buy (new)	+1.98M	2.40%
NVDA	Buy (new)	+1.45M	2.40%
TLN	Buy (new)	+585K	1.80%
T	Buy (new)	+3.77M	1.60%
APO	Add 85%	+1.10M	4.10%
LYV	Add 22%	+380K	4.20%
DFS	Add 16%	+100K	1.90%
COF	Add 14%	+125K	2.90%
TDS	Add 13%	+760K	4.00%
FLUT	Add 11%	+100K	3.30%
META	Buy (new) Maverick first entered META here.	+210K	1.60%
DHR	Sell (exit)	-1.90M	0.00%
FERG	Sell (exit)	-1.20M	0.00%
TSLA	Sell (exit)	-500K	0.00%
TMO	Sell (exit)	-350K	0.00%
WDAY	Sell (exit)	-500K	0.00%
ICE	Reduce 47%	-985K	2.90%
MSFT	Reduce 47%	-285K	1.80%
AMZN	Reduce 32%	-1.10M	6.80%
BN	Reduce 15%	-750K	3.40%
J	Reduce 15%	-250K	2.60%
VST	Reduce 15%	-150K	1.50%

Q4 2024

16 buys · 10 sells

Ticker	Activity	Share change	% portfolio
TDS	Add 109%	+3.13M	2.70%
TMO	Buy (new)	+350K	2.40%
COF	Buy (new)	+925K	2.20%
FTV	Buy (new)	+1.90M	1.90%
WDAY	Buy (new)	+500K	1.70%
DFS	Buy (new)	+640K	1.50%
FLUT	Add 71%	+360K	3.00%
EQT	Add 51%	+1.00M	1.80%
LPLA	Add 35%	+170K	2.90%
CRH	Add 32%	+665K	3.40%
CRS	Add 32%	+210K	2.00%
TSLA	Add 25%	+100K	2.70%
FERG	Add 24%	+235K	2.80%
META	Add 22%	+120K	5.20%
PDD	Add 18%	+8.89M	13.40%
BN	Add 6%	+265K	3.90%
AAPL	Sell (exit)	-930K	0.00%
ROP	Sell (exit)	-240K	0.00%
CVS	Sell (exit)	-1.57M	0.00%
ANSYS	Sell (exit)	-255K	0.00%
VST	Reduce 69%	-2.17M	1.90%
MSFT	Reduce 31%	-270K	3.40%
APO	Reduce 30%	-550K	1.90%
LYV	Reduce 26%	-620K	3.00%
CPAY	Reduce 20%	-155K	2.80%
AMZN	Reduce 7%	-250K	10.20%

Q3 2024

12 buys · 13 sells

Ticker	Activity	Share change	% portfolio
CRH	Add 215%	+1.40M	2.60%
ICE	Add 109%	+1.08M	4.50%
BN	Buy (new)	+4.72M	3.40%
FERG	Buy (new)	+965K	2.60%
FLUT	Buy (new)	+510K	1.60%
LPLA	Buy (new)	+485K	1.50%
CRS	Buy (new)	+660K	1.40%
TSLA	Buy (new)	+400K	1.40%
CVS	Buy (new)	+1.57M	1.30%
ANSYS	Buy (new)	+255K	1.10%
LYV	Add 71%	+975K	3.40%
TDS	Add 27%	+609K	0.90%
GOOGL	Sell (exit)	-1.98M	0.00%
VZ	Sell (exit)	-4.67M	0.00%
UBER	Sell (exit)	-2.10M	0.00%
ASML	Sell (exit)	-80K	0.00%
MSCI	Sell (exit)	-150K	0.00%
MU	Sell (exit)	-275K	0.00%
AAPL	Reduce 52%	-1.02M	2.90%
META	Reduce 50%	-555K	4.20%
MSFT	Reduce 45%	-710K	5.00%
VST	Reduce 29%	-1.29M	5.10%
AMZN	Reduce 27%	-1.40M	9.30%
TSM	Reduce 12%	-245K	4.20%
PDD	Reduce 7%	-4.00M	13.20%

Q2 2024

11 buys · 8 sells

Ticker	Activity	Share change	% portfolio
UBER	Add 320%	+1.60M	1.70%
AAPL	Buy (new)	+1.95M	4.70%
LYV	Buy (new)	+1.36M	1.50%
ROP	Buy (new)	+240K	1.50%
HESS	Buy (new)	+625K	1.10%
ASML	Buy (new)	+80K	0.90%
MSCI	Buy (new)	+150K	0.80%
CRH	Buy (new)	+650K	0.60%
MU	Buy (new)	+275K	0.40%
TSM	Add 72%	+850K	4.00%
CPAY	Add 18%	+115K	2.30%
GS	Sell (exit)	-250K	0.00%
WCC	Sell (exit)	-525K	0.00%
IT	Sell (exit)	-55K	0.00%
GOOGL	Reduce 34%	-1.02M	4.10%
TDS	Reduce 22%	-621K	0.50%
META	Reduce 11%	-136K	6.30%
MSFT	Reduce 10%	-185K	8.10%
PDD	Reduce 7%	-4.11M	10.70%

Lee's sector breakdown

How the top 10 positions are diversified across 3 sectors. Weighted by stated portfolio percentage.

Other

5 positions · PDD, UNP, CRH, TDS, CRS

47.3%

25.3% of AUM

Technology

3 positions · NVDA, AMZN, MSFT

38.5%

20.6% of AUM

Financials

2 positions · BN, COF

14.2%

7.6% of AUM

Top holdings

Ticker	Company	% Portfolio	Shares (M)
PDD	PG&E CORP	7.8%	44.44
NVDA	NVIDIA CORPORATION AI infrastructure.	7.6%	2.95
AMZN	AMAZON COM INC	6.9%	2.17
MSFT	MICROSOFT CORP Long-held compounder.	6.1%	0.93
UNP	UNION PAC CORP	5.8%	1.81
CRH	CRH PLC	4.5%	2.6
BN	BROOKFIELD CORP	3.9%	6.2
TDS	TELEPHONE & DATA SYS INC	3.8%	6.68
COF	CAPITAL ONE FINL CORP	3.7%	1.1
CRS	CARPENTER TECHNOLOGY CORP	3.4%	0.79

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Dividend tax by country

Estimate your withholding on cross-border dividends

Your country of residenceCompany is domiciled inGross dividend (example)

Withholding rate

Domestic (no cross-border)

Tax withheld

$0.00

You'd receive

$1000.00

Of $1000 gross

Source & treaty reference

Treaty: Domestic — no cross-border withholding

Citation: IRC §§ 1441–1446 (withholding applies to foreign persons; US residents not subject to WHT on US-source dividends)

U.S. residents receiving U.S.-source dividends: no cross-border withholding; taxed on return at qualified (0/15/20%) or ordinary rates.

Estimates for educational purposes only. Tax rules change; consult a qualified tax professional for your specific situation. Dividend-tax treatment depends on holding period, account type (taxable vs. retirement), investor type (individual vs. pension vs. mutual fund), limitation-on-benefits tests, and other factors not modeled here.

Full dividend-tax rules for United States investors →