Investor Lee Ainslie owns Dallas-based Maverick Capital. It has been a strategy of Maverick Capital to chase new and good value stocks alongside growth. Since its inception, the firm has been trying to diversify its portfolio which resulted in 13% more generation of annual returns from 1995 until 2009. Maverick Capital preference has been to invest in areas including consumer, retail, financial, health care, cyclical, media, technology, and telecommunications. Before making an investment decision, the firm seeks input from industry experts. In this way, the firm can review more than one suggestion from multiple experts. There have not been noticeable returns on behalf of Mavericks during 2020. Below is an excerpt from one of their investor letters: “While unsurprising given dramatic uncertainty on such a wide range of critical issues, the market had a rollercoaster ride last quarter resulting in the strongest quarterly performance for the S&P 500 index, up 20.5%, since the fourth quarter of 1998 and the eighth strongest quarter since 1928. The S&P celebrated April Fool’s day by dropping 4.4% in one day to start the quarter, but then soared 31.3% in less than ten weeks. Over the final three weeks the index declined by 4.0%.” This article provides brief information about Top 5 Stock Picks By Billionaire Lee Ainslie discussed by Insider Monkey in a Yahoo article.
One of the stock picks of Maverick Capital is Microsoft Corporation. During September, last year, Ainslie sold 16% of the company’s shares but still, the firm accounts for 4.72% of the total portfolio. As per data available for the past 12 months, the stock price of Microsoft Corporation increased by approximately 37%. One of the prime reasons for this robust growth could be the work-from home strategy, which gained momentum during coronavirus. According to Brown Advisory, “Software maker Microsoft gained after reporting quarterly results that exceeded expectations. Thanks to its suite of cloud computing services and business workflow applications, the company continued to benefit from the global shift to remote work and distance learning in the current environment.” Another preference for Maverick Capital is Humana Inc. It is a health care service provider. The stocks of this company account for 5.12% of the overall portfolio of the firm. Maverick Capital reduced its shares in the company by 14% in September last year. For more stock picks by Billionaire Lee Ainslie, read this article Billionaire Lee Ainslie’s Top 10 Stock Picks.