Insightful Analysis of Lee Ainslie (Trades, Portfolio)'s Fourth Quarter 2024 13F Filing

Lee Ainslie (Trades, Portfolio) recently submitted the 13F filing for the fourth quarter of 2024, providing insights into his investment moves during this period. Lee Ainslie (Trades, Portfolio) is the founder and CEO of Dallas-based Maverick Capital. Ainslie started Maverick Capital back in 1993 with $38 million after learning from legendary fund manager Julian Robertson at Tiger Management (Trades, Portfolio). Maverick employs six industry experts to research investment opportunities in the following categories: consumer, health care, cyclical, retail, financial, and telecommunications, media, and technology. Ainslie talks to them about new and current stocks in the portfolio, and with that input, he makes the final decision on investments.

Summary of New Buy

Lee Ainslie (Trades, Portfolio) added a total of 74 stocks, among them:

• The most significant addition was Wells Fargo & Co (WFC, Financial), with 2,133,273 shares, accounting for 2.7% of the portfolio and a total value of $149.84 million.
• The second largest addition to the portfolio was Carnival Corp (CCL, Financial), consisting of 5,499,782 shares, representing approximately 2.47% of the portfolio, with a total value of $137.05 million.
• The third largest addition was Monster Beverage Corp (MNST, Financial), with 1,993,020 shares, accounting for 1.88% of the portfolio and a total value of $104.75 million.

Key Position Increases

Lee Ainslie (Trades, Portfolio) also increased stakes in a total of 47 stocks, among them:

• The most notable increase was Taiwan Semiconductor Manufacturing Co Ltd (TSM, Financial), with an additional 622,478 shares, bringing the total to 1,239,457 shares. This adjustment represents a significant 100.89% increase in share count, a 2.21% impact on the current portfolio, with a total value of $244.78 million.
• The second largest increase was Mirion Technologies Inc (MIR, Financial), with an additional 5,994,184 shares, bringing the total to 6,177,611. This adjustment represents a significant 3,267.89% increase in share count, with a total value of $107.80 million.

Summary of Sold Out

Lee Ainslie (Trades, Portfolio) completely exited 79 of the holdings in the fourth quarter of 2024, as detailed below:

• QuidelOrtho Corp (QDEL, Financial): Lee Ainslie (Trades, Portfolio) sold all 1,614,197 shares, resulting in a -1.44% impact on the portfolio.
• Humana Inc (HUM, Financial): Lee Ainslie (Trades, Portfolio) liquidated all 197,892 shares, causing a -1.22% impact on the portfolio.

Key Position Reduces

Lee Ainslie (Trades, Portfolio) also reduced positions in 100 stocks. The most significant changes include:

• Reduced Advanced Micro Devices Inc (AMD, Financial) by 929,292 shares, resulting in a -97.84% decrease in shares and a -2.97% impact on the portfolio. The stock traded at an average price of $143.64 during the quarter and has returned -18.64% over the past 3 months and -6.48% year-to-date.
• Reduced Coupang Inc (CPNG, Financial) by 5,883,479 shares, resulting in a -58.98% reduction in shares and a -2.81% impact on the portfolio. The stock traded at an average price of $24.55 during the quarter and has returned -0.10% over the past 3 months and 15.13% year-to-date.

Portfolio Overview

At the fourth quarter of 2024, Lee Ainslie (Trades, Portfolio)'s portfolio included 225 stocks, with top holdings including 6.95% in Amazon.com Inc (AMZN, Financial), 5.11% in NVIDIA Corp (NVDA, Financial), 4.73% in Microsoft Corp (MSFT, Financial), 4.59% in Philip Morris International Inc (PM, Financial), and 4.4% in Taiwan Semiconductor Manufacturing Co Ltd (TSM, Financial).

The holdings are mainly concentrated in all 11 industries: Technology, Consumer Cyclical, Healthcare, Financial Services, Consumer Defensive, Industrials, Communication Services, Utilities, Real Estate, Basic Materials, and Energy.

This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.