Maverick Capital

Q4 2013 13F · by Lee Ainslie, founder

As of: Dec 31, 2013
Filed: Feb 14, 2014
US stock: $7.7B · prev $7.4B
Positions: 64 · prev 63
Options notional: $0
Documents: 1· no amendments

Picture100.0% US stock

Full picture · of what this 13F reports is US stock

US stock listed on a US exchange 100.0%
Foreign stock not listed in the US 0.0%
Notes debt, at principal 0.0%
Puts at notional value 0.0%
Calls at notional value 0.0%

Moves76 since the prior filing

+40.9 pp in · −41.0 pp out

New 19 +24.69 pp
Added 21 +16.25 pp
Trimmed 18 −16.73 pp
Exited 18 −24.24 pp

The book

Diversified · behaves like 41 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

High turnover · 166% a year, about 0.6 years per position

Low
Moderate
High

Top 5 positions19% of US stock

EBAY eBay Inc new+4.06 pp new+4.064.1%
CTXS Citrix Systems Inc added+1.51 pp added+1.514.0%
HD Home Depot, Inc. trimmed−0.03 pp trimmed−0.033.9%
TDG TransDigm Group Incorporated trimmed+0.32 pp trimmed+0.323.7%
unresolved Solarwinds Inc added+0.16 pp added+0.163.6%

Positions64 in this filing · 18 exited


EBAYeBay Inc	4.06%	5,727,415	$314M	new	+4.06 pp	new
CTXSCitrix Systems Inc	3.97%	4,856,832	$307M	added+89%	+1.51 pp	3 q
HDHome Depot, Inc.	3.85%	3,615,651	$298M	trimmed−4%	−0.03 pp	3 q
TDGTransDigm Group Incorporated	3.70%	1,780,740	$287M	trimmed−1%	+0.32 pp	3 q
unresolvedSolarwinds Inc	3.56%	7,281,770	$275M	added+2%	+0.16 pp	3 q
PANWPalo Alto Networks, Inc.	3.31%	4,460,665	$256M	added+38%	+1.31 pp	3 q
ZTSZoetis Inc.	3.22%	7,635,025	$250M	added×21.2	+3.07 pp	2 q
HCAHCA Healthcare, Inc.	3.14%	5,090,099	$243M	added+38%	+1.00 pp	3 q
QCOMQualcomm Inc	3.14%	3,274,268	$243M	trimmed−19%	−0.56 pp	3 q
unresolvedQlik Technologies Inc	2.99%	8,697,241	$232M	added+96%	+0.92 pp	3 q
COFCapital One Financial	2.84%	2,865,288	$220M	added+72%	+1.28 pp	3 q
CYHCommunity Health Systems, Inc.	2.82%	5,550,715	$218M	added+4%	−0.19 pp	3 q
NOVNOV Inc.	2.75%	2,672,816	$213M	added×2.2	+1.44 pp	3 q
FTNTFortinet, Inc.	2.68%	10,861,056	$208M	added+36%	+0.48 pp	3 q
DGDollar General Corp.	2.50%	3,203,348	$193M	trimmed−27%	−0.87 pp	3 q
unresolvedValeant Pharmaceuticals Intl	2.48%	1,633,838	$192M	new	+2.48 pp	new
unresolvedCatamaran Corp	2.46%	4,008,385	$190M	new	+2.46 pp	new
ADBEAdobe Inc.	2.41%	3,109,127	$186M	added×4.1	+1.88 pp	2 q
RLRalph Lauren Corporation	2.39%	1,048,696	$185M	added+15%	+0.34 pp	3 q
unresolvedCalpine Corp	2.37%	9,418,271	$184M	new	+2.37 pp	new
unresolvedCharter Comm's Inc	2.06%	1,168,206	$160M	trimmed−45%	−1.83 pp	2 q
unresolvedPriceline Grp Inc	1.95%	129,748	$151M	trimmed−53%	−1.85 pp	3 q
NBISNebius Group N.V. Class A	1.82%	3,258,308	$141M	added+36%	+0.64 pp	2 q
LBTYALiberty Global Ltd. Class A	1.79%	1,552,734	$138M	trimmed−53%	−1.78 pp	3 q
FFIVF5, Inc.	1.70%	1,448,126	$132M	new	+1.70 pp	new
unresolvedAvago Technologies Ltd	1.61%	2,358,512	$125M	new	+1.61 pp	new
BIDUBaidu, Inc.	1.60%	695,399	$124M	new	+1.60 pp	new
RDNRadian Group Inc.	1.60%	8,793,417	$124M	added×2.5	+0.94 pp	2 q
FMXFomento Economico Mexicano, S.a.b. De C.v.	1.43%	1,132,038	$111M	added+6%	+0.03 pp	3 q
BUDAnheuser-Busch INBEV SA/NV	1.41%	1,027,240	$109M	added+3%	+0.06 pp	3 q
ABEVAmbev S.a.	1.36%	14,368,920	$106M	new	+1.36 pp	new
unresolvedYahoo Inc	1.32%	2,535,407	$103M	new	+1.32 pp	new
unresolvedCBS Corp	1.29%	1,569,694	$100M	added+71%	+0.60 pp	2 q
FISFidelity National Information Services, Inc.	1.28%	1,840,004	$99M	trimmed−54%	−1.22 pp	3 q
METMetLife, Inc.	1.27%	1,817,950	$98M	trimmed−37%	−0.56 pp	3 q
unresolvedCrwn Castle Int'l Corp.	1.26%	1,326,220	$97M	trimmed−46%	−1.20 pp	3 q
NVRNVR, Inc.	1.24%	93,793	$96M	trimmed−60%	−1.69 pp	3 q
ADSKAutodesk Inc	1.23%	1,890,588	$95M	trimmed−22%	−0.12 pp	2 q
CCitigroup Inc.	1.22%	1,810,000	$94M	added+93%	+0.60 pp	2 q
MTGMGIC Investment Corp.	1.12%	10,313,710	$87M	added+6%	+0.16 pp	3 q
HUMHumana Inc.	1.11%	833,034	$86M	new	+1.11 pp	new
unresolvedCigna Corporation	1.04%	917,549	$80M	new	+1.04 pp	new
unresolvedCameron International Corp	1.04%	1,353,355	$81M	trimmed−55%	−1.32 pp	3 q
unresolvedTeam Health Holdings Inc	0.86%	1,468,135	$67M	trimmed−48%	−0.59 pp	3 q
unresolvedMonsanto Co	0.67%	443,500	$52M	trimmed−8%	−0.02 pp	2 q
unresolvedPanera Bread Co	0.64%	280,635	$50M	new	+0.64 pp	new
unresolvedTime Warner Cable Inc	0.62%	351,295	$48M	new	+0.62 pp	new
ULTAUlta Beauty, Inc.	0.56%	449,112	$43M	new	+0.56 pp	new
VISNVistance Networks, Inc.	0.54%	2,195,254	$42M	new	+0.54 pp	new
ISRGIntuitive Surgical Inc.	0.45%	91,500	$35M	new	+0.45 pp	new
PACBPacific Biosciences of California, Inc.	0.44%	6,459,784	$34M	added+11%	0.00 pp	3 q
unresolvedCheniere Energy Ptnrs LP Hld	0.42%	1,747,800	$33M	new	+0.42 pp	new
unresolvedFidelity National Financial	0.35%	825,200	$27M	trimmed−87%	−1.88 pp	3 q
METAMeta Platforms, Inc. Class A	0.31%	433,680	$24M	trimmed−77%	−0.97 pp	2 q
NVSNovartis AG	0.28%	267,321	$21M	trimmed−67%	−0.56 pp	3 q
ASMLASML Holding NV	0.26%	215,035	$20M	new	+0.26 pp	new
ESNTEssent Group LTD	0.09%	300,000	$7M	new	+0.09 pp	new
unresolvedCapital One Financial 2018 Warrants	0.07%	149,900	$5M	added+29%	+0.02 pp	3 q
Royal Bk Scotlnd Grp PLCconvertible	0.01%	47,881	$1M	held	—	2 q
Royal Bk Scotlnd Grp PLCconvertible	0.01%	31,954	$692,000	held	—	2 q
Royal Bk Scotlnd Grp PLCconvertible	0.01%	30,000	$607,000	held	—	2 q
Royal Bk Scotlnd Grp PLCconvertible	0.01%	50,000	$1M	held	—	2 q
Royal Bk Scotlnd Grp PLCconvertible	0.00%	15,000	$307,000	held	—	3 q
Royal Bk Scotlnd Grp PLCconvertible	0.00%	9,404	$184,000	held	—	2 q
unresolvedExpress Scripts Hldg Co	—	−4,184,162	—	exited	−3.51 pp	—
UPSUnited Parcel Service, Inc. Class B	—	−2,218,405	—	exited	−2.75 pp	—
NTAPNetApp, Inc	—	−4,607,350	—	exited	−2.67 pp	—
AAPLApple Inc.	—	−371,822	—	exited	−2.41 pp	—
HOUSAnywhere Real Estate Inc.	—	−3,052,564	—	exited	−1.78 pp	—
unresolvedTwenty First Centy Fox Inc	—	−2,973,777	—	exited	−1.35 pp	—
unresolvedCompanhia De Bebidas Spon ADR Pfd	—	−2,581,599	—	exited	−1.34 pp	—
LOWLowe's Companies Inc.	—	−2,029,237	—	exited	−1.31 pp	—
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	—	−1,279,314	—	exited	−1.24 pp	—
unresolvedColfax Corp	—	−1,541,690	—	exited	−1.18 pp	—
unresolvedNielsen Holdings N V	—	−1,976,225	—	exited	−0.98 pp	—
unresolvedManitowoc Inc	—	−2,767,903	—	exited	−0.73 pp	—
unresolvedViropharma Inc	—	−1,250,175	—	exited	−0.67 pp	—
DHID.R. Horton Inc.	—	−2,397,988	—	exited	−0.63 pp	—
GWRGenesee & Wyoming Inc.	—	−498,691	—	exited	−0.63 pp	—
SHLDSears Holdings Corp	—	−517,974	—	exited	−0.42 pp	—
unresolvedHealth Mgmt Assoc Inc New	—	−2,204,958	—	exited	−0.38 pp	—
unresolvedRestoration Hardware Hldgs I	—	−300,000	—	exited	−0.26 pp	—

Source

Form: 13F-HR
Reading: 0 defects · 20 unresolved
Accession: 0000947871-14-000098
Options: none in this filing
Notes: none in this filing
SEC cross-check: SEC data set not published yet

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