Highlights of Maverick Capital’s Top Sold-Out Positions



Maverick Capital trades key positions in its 4Q14 portfolio

Maverick Capital was founded in October 1993 by Lee S. Ainslie III and Sam Wyly with assets of $38 million. Currently, the employee-owned hedge fund is worth more than $6 billion. Maverick Capital provides its services to pooled investment vehicles and invests in US public equity markets.

Maverick Capital initiated some new positions and sold some existing positions in 4Q14, which ended in December 2014. In this series, we’ll go through some of the main positions that the fund sold during the fourth quarter. The value of the fund’s US long portfolio decreased from $6.83 billion in 3Q14 to $6.38 billion in 4Q14.

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Maverick Capital’s notable sold-out positions in 4Q14

In 4Q14, Maverick Capital’s top exits were AbbVie (ABBV), Twenty-First Century Fox (FOXA), Cognizant Technology Solutions (CTSH), Ashland (ASH), and Martin Marietta Materials (MLM).

Maverick Capital’s top holdings

Maverick Capital’s top ten holdings include Google at 5.44%, Valeant Pharmaceuticals at 5.44%, and Dollar General at 5.39%. Google has a 8.76% exposure to the iShares US Technology ETF (IYW) and has a 7.65% exposure to the Technology Select Sector SPDR Fund (XLK).

In the next part of this series, we’ll discuss Maverick Capital’s position in AbbVie.


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