Maverick Capital

Q2 2017 13F · by Lee Ainslie, founder

As of: Jun 30, 2017
Filed: Aug 14, 2017
US stock: $8.0B · prev $7.8B
Positions: 178 · prev 130
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%

Moves209 since the prior filing

+33.6 pp in · −33.8 pp out

New 79 +24.44 pp
Added 71 +9.18 pp
Trimmed 28 −24.35 pp
Exited 31 −9.42 pp

The book

Focused · behaves like 26 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

High turnover · 138% a year, about 0.7 years per position

Low
Moderate
High

Top 5 positions32% of US stock

Positions178 in this filing · 31 exited


UHSUniversal Health Services, Inc. Class B	8.31%	5,426,487	$662M	added+10%	+0.45 pp	11 q
DLTRDollar Tree Inc.	7.13%	8,135,605	$569M	added+87%	+2.77 pp	4 q
METAMeta Platforms, Inc. Class A	6.68%	3,527,877	$533M	added+2%	+0.39 pp	10 q
TAPMolson Coors Beverage Company Class B	5.50%	5,081,514	$439M	new	+5.50 pp	new
WCNWaste Connections, Inc.	4.47%	5,537,682	$357M	trimmed−28%	−1.28 pp	5 q
PFEPfizer Inc.	4.23%	10,052,571	$338M	trimmed−49%	−4.43 pp	8 q
SABRSabre Corporation	4.05%	14,820,095	$323M	trimmed−19%	−0.87 pp	13 q
unresolvedShire PLC	4.02%	1,942,087	$321M	added+20%	+0.42 pp	6 q
unresolvedEnvision Healthcare Corp	4.00%	5,093,292	$319M	added+66%	+1.60 pp	2 q
GOOGAlphabet Inc. Class C	3.73%	327,448	$298M	trimmed−11%	−0.16 pp	11 q
unresolvedDow Chemical Co	3.44%	4,354,960	$275M	new	+3.44 pp	new
unresolvedCigna Corporation	3.04%	1,447,984	$242M	trimmed−41%	−1.55 pp	8 q
DXCDXC Technology Company	2.84%	2,953,801	$227M	new	+2.84 pp	new
VMCVulcan Materials Company(Holding Company)	2.75%	1,733,220	$220M	trimmed−34%	−1.28 pp	12 q
MGMMgm Resorts International	2.70%	6,883,370	$215M	new	+2.70 pp	new
QCOMQualcomm Inc	2.64%	3,812,886	$211M	new	+2.64 pp	new
unresolvedTesoro Corp	2.51%	2,139,606	$200M	trimmed−37%	−1.02 pp	10 q
VISNVistance Networks, Inc.	2.37%	4,976,160	$189M	trimmed−44%	−2.39 pp	11 q
ADBEAdobe Inc.	2.31%	1,304,724	$185M	trimmed−69%	−4.77 pp	16 q
FISFidelity National Information Services, Inc.	2.21%	2,063,463	$176M	new	+2.21 pp	new
WYNNWynn Resorts Ltd	2.12%	1,260,248	$169M	added+37%	+0.77 pp	2 q
BUDAnheuser-Busch INBEV SA/NV	1.91%	1,377,577	$152M	trimmed−15%	−0.37 pp	17 q
STZConstellation Brands, Inc.	1.70%	698,310	$135M	trimmed−9%	+0.11 pp	2 q
USBU.S. Bancorp	1.61%	2,478,108	$129M	trimmed−32%	−0.79 pp	6 q
IPXLImpax Laboratories, Inc.	1.45%	7,159,336	$115M	added×68.1	+1.43 pp	2 q
CHTRCharter Comm Inc Del CL A New	1.38%	327,221	$110M	new	+1.38 pp	new
MLMMartin Marietta Materials	1.37%	491,760	$109M	trimmed−36%	−0.78 pp	3 q
VVISA Inc.	1.28%	1,090,239	$102M	new	+1.28 pp	new
LVSLas Vegas Sands Corp.	1.10%	1,369,589	$88M	added×2.7	+0.73 pp	2 q
ORLYO'Reilly Automotive, Inc.	0.74%	270,491	$59M	trimmed−46%	−1.00 pp	10 q
PACBPacific Biosciences of California, Inc.	0.47%	10,603,944	$38M	added+17%	−0.13 pp	17 q
USFDUS Foods Holding Corp.	0.44%	1,276,434	$35M	trimmed−73%	−1.26 pp	2 q
WBAWalgreens Boots Alliance, Inc	0.25%	251,710	$20M	trimmed−75%	−0.82 pp	2 q
OPTUOptimum Communications, Inc.	0.08%	192,370	$6M	new	+0.08 pp	new
MCDMcDonald's Corporation	0.08%	43,230	$7M	added+96%	+0.04 pp	6 q
MIKMichaels Stores, Inc	0.07%	292,570	$5M	new	+0.07 pp	new
CSLTCastlight Health, Inc.	0.06%	1,221,809	$5M	added+3%	0.00 pp	14 q
EXELExelixis Inc	0.06%	188,010	$5M	new	+0.06 pp	new
SKAASkechers USA Inc-cl A	0.06%	160,590	$5M	new	+0.06 pp	new
WSMWilliams-Sonoma, Inc.	0.06%	100,320	$5M	new	+0.06 pp	new
ABBVAbbvie Inc.	0.05%	57,400	$4M	added+29%	+0.01 pp	6 q
AMZNAmazon.Com Inc	0.05%	4,150	$4M	new	+0.05 pp	new
DCHDauch Corporation	0.05%	257,980	$4M	added+81%	+0.02 pp	2 q
AMATApplied Materials Inc	0.05%	92,030	$4M	added+18%	+0.01 pp	4 q
BIIBBiogen Inc.	0.05%	15,230	$4M	added+58%	+0.02 pp	6 q
unresolvedCBS Corp	0.05%	62,940	$4M	added+51%	+0.01 pp	5 q
CMAComerica Incorporated	0.05%	55,690	$4M	new	+0.05 pp	new
DDSDillard's, Inc. Class A	0.05%	63,653	$4M	new	+0.05 pp	new
DPZDomino's Pizza Inc.	0.05%	18,450	$4M	added+23%	+0.01 pp	3 q
ETRAE*trade Financial Corp	0.05%	109,080	$4M	added+35%	+0.01 pp	2 q
EWEdwards Lifesciences Corp	0.05%	33,680	$4M	added+9%	+0.01 pp	5 q
EAElectronic Arts Inc	0.05%	36,020	$4M	added+11%	+0.01 pp	3 q
ENTGEntegris Inc	0.05%	171,310	$4M	new	+0.05 pp	new
GSGoldman Sachs Group Inc.	0.05%	18,060	$4M	added+60%	+0.02 pp	2 q
LOPEGrand Canyon Education, Inc	0.05%	48,389	$4M	new	+0.05 pp	new
HCAHCA Healthcare, Inc.	0.05%	46,550	$4M	added+44%	+0.01 pp	3 q
HOLXHologic Inc	0.05%	88,510	$4M	new	+0.05 pp	new
HUMHumana Inc.	0.05%	16,610	$4M	new	+0.05 pp	new
HUNHuntsman Corporation	0.05%	159,520	$4M	new	+0.05 pp	new
IDXXIdexx Laboratories Inc	0.05%	23,580	$4M	new	+0.05 pp	new
ISRGIntuitive Surgical Inc.	0.05%	4,240	$4M	new	+0.05 pp	new
JNJJohnson & Johnson	0.05%	30,100	$4M	added+30%	+0.01 pp	5 q
JNPJuniper Networks Inc	0.05%	139,020	$4M	new	+0.05 pp	new
LEALear Corporation	0.05%	27,830	$4M	added+40%	+0.01 pp	7 q
MSIMotorola Solutions, Inc. New	0.05%	46,050	$4M	new	+0.05 pp	new
PHParker-Hannifin Corporation	0.05%	24,980	$4M	added+38%	+0.01 pp	2 q
JCPJ.C. Penney Company, Inc.	0.05%	883,090	$4M	new	+0.05 pp	new
PMPhilip Morris International Inc.	0.05%	32,830	$4M	added+27%	+0.01 pp	5 q
unresolvedPriceline Grp Inc	0.05%	2,217	$4M	added+33%	+0.01 pp	11 q
PRIPrimerica, Inc.	0.05%	47,922	$4M	new	+0.05 pp	new
SPGIS&P Global Inc.	0.05%	27,100	$4M	added+24%	+0.01 pp	3 q
SWKSSkyworks Solutions Inc	0.05%	39,570	$4M	added+33%	+0.01 pp	3 q
S9QSpirit Aerosystems Hold-cl A	0.05%	70,320	$4M	added+53%	+0.02 pp	3 q
SAVEQSpirit Airlines, Inc.	0.05%	72,940	$4M	new	+0.05 pp	new
SFMSprouts Farmers Market, Inc.	0.05%	188,210	$4M	new	+0.05 pp	new
unresolvedSwift Transn Co	0.05%	156,780	$4M	added+21%	+0.02 pp	4 q
TJXTJX Companies, Inc. (The)	0.05%	54,890	$4M	added+53%	+0.01 pp	4 q
TTWOTake-Two Interactive Software Inc	0.05%	53,780	$4M	added+10%	+0.01 pp	2 q
TXNTexas Instruments Incorporated	0.05%	50,300	$4M	added+39%	+0.01 pp	3 q
TIFTiffany & Co.	0.05%	43,770	$4M	new	+0.05 pp	new
TTCToro Company (The)	0.05%	56,790	$4M	added+21%	+0.01 pp	2 q
ULTAUlta Beauty, Inc.	0.05%	13,650	$4M	added+32%	+0.01 pp	10 q
URIUnited Rentals, Inc.	0.05%	35,760	$4M	added+63%	+0.02 pp	2 q
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	0.05%	21,830	$4M	new	+0.05 pp	new
VMWVMware, Inc	0.05%	43,480	$4M	added+38%	+0.01 pp	4 q
WATWaters Corp	0.05%	21,580	$4M	new	+0.05 pp	new
WWayfair Inc.	0.05%	52,220	$4M	new	+0.05 pp	new
WTWWillis Towers Watson Public Limited Company	0.05%	110,656	$4M	added×50.6	+0.05 pp	3 q
XLNXXilinx Inc	0.05%	59,510	$4M	added+24%	+0.01 pp	7 q
AEOAmerican Eagle Outfitters	0.04%	272,722	$3M	new	+0.04 pp	new
BBYBest Buy Company, Inc.	0.04%	54,490	$3M	new	+0.04 pp	new
BLMNBloomin' Brands, Inc.	0.04%	143,410	$3M	new	+0.04 pp	new
EATBrinker International, Inc.	0.04%	80,420	$3M	new	+0.04 pp	new
CSFLCenterState Bank Corporation	0.04%	131,679	$3M	added+18%	0.00 pp	2 q
EBAYeBay Inc	0.04%	93,620	$3M	added+48%	+0.01 pp	7 q
GNCIQGnc Holdings Inc-cl A	0.04%	331,740	$3M	new	+0.04 pp	new
MSTRStrategy Inc Class A	0.04%	17,540	$3M	added+54%	+0.01 pp	9 q
unresolvedNeustar Inc	0.04%	97,990	$3M	new	+0.04 pp	new
NKENike, Inc.	0.04%	57,140	$3M	new	+0.04 pp	new
PYPLPayPal Holdings, Inc.	0.04%	58,550	$3M	new	+0.04 pp	new
TXRHTexas Roadhouse, Inc.	0.04%	65,019	$3M	new	+0.04 pp	new
UALUnited Airlines Holdings, Inc.	0.04%	43,080	$3M	added+48%	+0.01 pp	10 q
XNCRXencor, Inc.	0.04%	157,928	$3M	added+39%	+0.01 pp	3 q
AAPAdvance Auto Parts Inc	0.03%	18,870	$2M	new	+0.03 pp	new
AKRXAkorn, Inc.	0.03%	71,220	$2M	trimmed−46%	−0.01 pp	4 q
ALGNAlign Technology Inc	0.03%	16,140	$2M	new	+0.03 pp	new
ADIAnalog Devices, Inc.	0.03%	29,420	$2M	trimmed−33%	−0.02 pp	2 q
ELVElevance Health, Inc.	0.03%	12,830	$2M	added+55%	+0.01 pp	8 q
ANETArista Networks	0.03%	15,960	$2M	new	+0.03 pp	new
BCRCR Bard Inc.	0.03%	7,620	$2M	new	+0.03 pp	new
BAXBaxter International Inc.	0.03%	39,730	$2M	trimmed−29%	−0.01 pp	5 q
BURLBurlington Stores, Inc.	0.03%	28,700	$3M	new	+0.03 pp	new
CDNSCadence Design Systems	0.03%	69,680	$2M	added+59%	+0.01 pp	8 q
CELGCelgene Corp	0.03%	19,150	$2M	new	+0.03 pp	new
CCThe Chemours Company	0.03%	63,880	$2M	trimmed−24%	−0.01 pp	3 q
CFGCitizens Financial Group, Inc.	0.03%	67,900	$2M	new	+0.03 pp	new
CTXSCitrix Systems Inc	0.03%	29,480	$2M	added+72%	+0.01 pp	8 q
CGNXCognex Corp	0.03%	26,980	$2M	trimmed−25%	−0.01 pp	2 q
DYDycom Industries, Inc.	0.03%	27,380	$2M	new	+0.03 pp	new
HDBHDFC Bank Limited	0.03%	27,420	$2M	new	+0.03 pp	new
LPLALPL Financial Holdings Inc.	0.03%	59,030	$3M	trimmed−18%	−0.01 pp	2 q
LRCXLam Research Corp	0.03%	16,130	$2M	trimmed−32%	−0.01 pp	6 q
LPXLouisiana-Pacific Corp.	0.03%	101,050	$2M	new	+0.03 pp	new
LOWLowe's Companies Inc.	0.03%	26,290	$2M	new	+0.03 pp	new
LULUlululemon athletica inc.	0.03%	36,630	$2M	trimmed−17%	0.00 pp	4 q
MOMOHello Group Inc.	0.03%	63,460	$2M	added+25%	+0.01 pp	3 q
NTESNetEase, inc.	0.03%	8,010	$2M	added+81%	+0.01 pp	6 q
unresolvedNew Oriental Ed & Tech Grp I	0.03%	33,510	$2M	new	+0.03 pp	new
unresolvedPier 1 Imports, Inc.	0.03%	481,370	$2M	new	+0.03 pp	new
SLMSLM Corporation	0.03%	216,170	$2M	trimmed−9%	−0.01 pp	2 q
STLDSteel Dynamics Inc	0.03%	68,310	$2M	new	+0.03 pp	new
TSMTaiwan Semiconductor Manufacturing Company Ltd.	0.03%	67,860	$2M	added+59%	+0.01 pp	3 q
TALTAL Education Group	0.03%	19,940	$2M	added+25%	+0.01 pp	5 q
TGTTarget Corporation	0.03%	38,980	$2M	new	+0.03 pp	new
TERTeradyne, Inc.	0.03%	73,750	$2M	trimmed−25%	−0.01 pp	2 q
UTHRUnited Therapeutics Corp	0.03%	18,720	$2M	trimmed−4%	0.00 pp	10 q
VALEVale S.a.	0.03%	276,820	$2M	added×2.1	+0.01 pp	2 q
WINGWingstop Inc	0.03%	75,983	$2M	new	+0.03 pp	new
YUMYum! Brands, Inc.	0.03%	35,870	$3M	new	+0.03 pp	new
JAZZJazz Pharmaceuticals, Inc.	0.03%	15,690	$2M	added+54%	+0.01 pp	6 q
unresolvedRowan Cos PLC	0.03%	213,380	$2M	added×2.9	+0.02 pp	2 q
WIXWIX.com Ltd.	0.03%	33,400	$2M	added+55%	+0.01 pp	2 q
unresolvedFiat Chrysler Automobiles NV s	0.03%	224,440	$2M	added+82%	+0.01 pp	2 q
NBISNebius Group N.V. Class A	0.03%	89,460	$2M	added+49%	+0.01 pp	2 q
unresolvedAetna Inc New	0.02%	11,470	$2M	trimmed−99%	−1.59 pp	10 q
ALKAlaska Air Group, Inc.	0.02%	19,460	$2M	added×2.9	+0.01 pp	10 q
ALLThe Allstate Corporation	0.02%	19,790	$2M	added×2.4	+0.01 pp	10 q
AALAmerican Airlines Group Inc.	0.02%	34,990	$2M	added×2.4	+0.01 pp	10 q
AXPAmerican Express Company	0.02%	20,770	$2M	added×2.5	+0.01 pp	10 q
AMGNAmgen Inc	0.02%	10,200	$2M	added×2.7	+0.01 pp	10 q
AAPLApple Inc.	0.02%	11,890	$2M	added×2.4	+0.01 pp	10 q
CSCOCisco Systems, Inc. (DE)	0.02%	54,910	$2M	added×2.8	+0.01 pp	10 q
CROXCrocs, Inc.	0.02%	156,761	$1M	new	+0.02 pp	new
DRIDarden Restaurants, Inc.	0.02%	16,260	$1M	new	+0.02 pp	new
DALDelta Air Lines, Inc.	0.02%	32,600	$2M	added×2.4	+0.01 pp	10 q
unresolvedExpress Inc	0.02%	291,737	$2M	new	+0.02 pp	new
FIVEFive Below, Inc.	0.02%	36,390	$2M	new	+0.02 pp	new
GILDGilead Sciences Inc	0.02%	24,760	$2M	added×2.6	+0.01 pp	10 q
unresolvedGrubhub Inc	0.02%	30,170	$1M	new	+0.02 pp	new
HDHome Depot, Inc.	0.02%	11,420	$2M	added×2.5	+0.01 pp	10 q
MAMastercard Incorporated	0.02%	14,170	$2M	added×2.4	+0.01 pp	10 q
RRGBRed Robin Gourmet Burgers Inc	0.02%	29,476	$2M	new	+0.02 pp	new
SBHSally Beauty Holdings, Inc.	0.02%	93,620	$2M	new	+0.02 pp	new
unresolvedSonic Corp	0.02%	48,570	$1M	new	+0.02 pp	new
LUVSouthwest Airlines Co.	0.02%	28,080	$2M	added×2.4	+0.01 pp	10 q
TLRDQTailored Brands Inc	0.02%	128,022	$1M	new	+0.02 pp	new
HLFHerbalife Ltd.	0.02%	20,080	$1M	added×3.1	+0.02 pp	6 q
unresolvedBarnes & Noble Inc	0.01%	92,255	$701,000	new	+0.01 pp	new
CXCemex S.A.B. de C.V.	0.01%	88,620	$835,000	new	+0.01 pp	new
ETSYEtsy, Inc.	0.01%	32,804	$492,000	new	+0.01 pp	new
GPROGoPro, Inc.	0.01%	72,481	$589,000	new	+0.01 pp	new
PETSPetMed Express, Inc.	0.01%	11,598	$471,000	new	+0.01 pp	new
SPWHSportsman's Warehouse Holdings, Inc.	0.01%	82,775	$447,000	new	+0.01 pp	new
unresolvedMichael Kors Hldgs Ltd	0.01%	30,650	$1M	new	+0.01 pp	new
COLMColumbia Sportswear Co	0.00%	1,584	$92,000	new	0.00 pp	new
MSGSMadison Square Garden Sports Corp.	0.00%	896	$176,000	new	0.00 pp	new
RUTHRuth's Hospitality Group, Inc.	0.00%	14,986	$326,000	new	0.00 pp	new
unresolvedSmart & Final Stores Inc	0.00%	27,500	$250,000	new	0.00 pp	new
unresolvedComputer Sciences Corp	—	−2,621,149	—	exited	−2.31 pp	—
NWLNewell Brands Inc.	—	−3,263,897	—	exited	−1.96 pp	—
KHCThe Kraft Heinz Company	—	−1,152,747	—	exited	−1.34 pp	—
SBACSBA Communications Corp	—	−615,339	—	exited	−0.95 pp	—
FLTCorpay, Inc.	—	−425,320	—	exited	−0.82 pp	—
MYLMylan NV	—	−1,545,448	—	exited	−0.77 pp	—
CMCSAComcast Corp	—	−1,148,214	—	exited	−0.55 pp	—
YAlleghany Corporation	—	−4,540	—	exited	−0.04 pp	—
ALSNAllison Transmission Holdings, Inc.	—	−78,160	—	exited	−0.04 pp	—
FFIVF5, Inc.	—	−19,850	—	exited	−0.04 pp	—
WOOFoot Locker Inc	—	−36,950	—	exited	−0.04 pp	—
HSYThe Hershey Company	—	−26,030	—	exited	−0.04 pp	—
unresolvedIsle of Capri Casinos Inc.	—	−112,990	—	exited	−0.04 pp	—
MELIMercado Libre, Inc	—	−13,400	—	exited	−0.04 pp	—
NXSTNexstar Media Group, Inc.	—	−39,960	—	exited	−0.04 pp	—
NVDANvidia Corp	—	−28,240	—	exited	−0.04 pp	—
AMTTd Ameritrade Holding Corp	—	−71,660	—	exited	−0.04 pp	—
VLOValero Energy Corporation	—	−42,030	—	exited	−0.04 pp	—
unresolvedBank Of The Ozarks Inc	—	−51,280	—	exited	−0.03 pp	—
unresolvedBlue Buffalo Pet Prods Inc	—	−114,700	—	exited	−0.03 pp	—
EXPEagle Materials, Inc.	—	−27,160	—	exited	−0.03 pp	—
VYXNCR Voyix Corporation	—	−58,250	—	exited	−0.03 pp	—
RFRegions Financial Corp.	—	−185,710	—	exited	−0.03 pp	—
SIVBQSvb Financial Group	—	−14,660	—	exited	−0.03 pp	—
BBLBHP Group Plc	—	−41,590	—	exited	−0.02 pp	—
DEODiageo plc	—	−11,820	—	exited	−0.02 pp	—
AGOAssured Guaranty, LTD	—	−32,870	—	exited	−0.02 pp	—
RACEFerrari N.V.	—	−21,270	—	exited	−0.02 pp	—
AMPAmeriprise Financial, Inc.	—	−5,070	—	exited	−0.01 pp	—
MCOMoody's Corporation	—	−6,020	—	exited	−0.01 pp	—
CHKPCheck Point Software Technologies Ltd	—	−3,710	—	exited	0.00 pp	—