Maverick Capital, a hedge fund based in Dallas, was founded by Lee Ainslie. The legendary investor Julian Robertson was one of his former colleagues at Tiger Management, where he previously worked before. At the age of 28, he co-founded Maverick with Sam Wyly and raised $38 million in funding. From 1995 to 2014, Lee Ainslie’s hedge fund returned an average of 13% per year to investors. His Maverick Capital manages $9.91 billion in assets, with a focus on technology, healthcare, consumer goods, financial services, and industrial goods.
Insider Monkey looks at the list of the top 10 dividend stocks in Tiger Cub Lee Ainslie’s portfolio. More than a quarter of the 867 elite hedge funds tracked by Insider Monkey own stakes in The Western Union Company. These stakes totaled $234.76 million in total value. Hedge funds reported holding $369.54 million worth of stock in the company as of the previous quarter. There are 1,500 branch offices of OneMain Holdings, Inc. spread out across 44 states in the US. The company handled the pandemic exceptionally well, maintaining historically low net charge-offs while maintaining high lending rates and lower borrowing costs. The Transco pipeline, which Williams Companies, Inc. owns and operates, provides the company with steady cash flow and great room for growth. During the third quarter of 2021, the company earned $0.34 per share, significantly exceeding analysts’ expectations. ONEOK, Inc. is a U.S.-based company that collects, processes, stores, and transports natural gas. OneOK’s price target was raised from $60 to $63 by RBC Capital Markets analyst Elvira Scotto. There are 16,600 shares in the company worth $935,00 owned by Maverick Capital. In terms of copper production, Southern Copper Corporation is one of the world’s largest integrated producers. The company’s third-quarter earnings per share came in at $1.12, which was $0.05 below analysts’ expectations. For more details, click Top 10 Dividend Stock Picks Of Tiger Cub Lee Ainslie’s Portfolio.