Maverick Capital
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Lee Ainslie's Maverick Capital reported 201 stock positions worth $7.5 billion. Its top holding was Amazon.com (AMZN) at 6.6% of the portfolio, followed by Microsoft (MSFT, 6.5%) and Nvidia (NVDA, 5.4%). Compared with Q2 2025, it opened 97 new positions, sold out of 145, added to 51 and reduced 49. The biggest buy was a new position in Union Pacific (UNP) and the biggest sale Taiwan Semiconductor-SP ADR (TSM, shares −42%).
- Most Recent 13F
- Q2 2026
- Notable People
- Lee Ainslie
- Location
- DALLAS, TX
- CIK
- 0000934639
- Portfolio Value
- $7.5B (Q3 2025)
- SEC Filing
- 0000947871-25-001016 ↗ filed Nov 14, 2025
Holdings Value
Holdings 201 stocks · $7.5B
| AMZN Amazon.com Inc. | 6.57% | 2,236,598 | $491.1M | Add +8.6% |
| MSFT Microsoft Corp. | 6.46% | 931,856 | $482.7M | Add +23.7% |
| NVDA Nvidia Corp. | 5.35% | 2,143,330 | $399.9M | Reduce -27.6% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 4.50% | 20,990,656 | $336.1M | Reduce -3.4% |
| TSM Taiwan Semiconductor-SP ADR | 3.81% | 1,019,472 | $284.7M | Reduce -42.1% |
| UNP Union Pacific Corp. | 3.53% | 1,115,610 | $263.7M | New |
| PM Philip Morris International | 3.52% | 1,622,102 | $263.1M | Add +9.5% |
| COF Capital One Financial Corp. | 3.08% | 1,083,934 | $230.4M | Reduce -2.8% |
| RTX RTX Corp. | 3.04% | 1,359,585 | $227.5M | New |
| NTRA Natera Inc. | 2.87% | 1,332,751 | $214.5M | Reduce -10.5% |
| ALAB Astera Labs Inc. | 2.71% | 1,032,441 | $202.2M | No change |
| KVUE Kenvue Inc. | 2.62% | 12,042,708 | $195.5M | Add +15.7% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 2.48% | 1,620,405 | $185.5M | Add +7.4% |
| ASML ASML Holding NV-NY Reg SHS | 2.47% | 190,394 | $184.3M | New |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 2.29% | 3,319,034 | $171.2M | Add +3.8% |
| TECH Bio-Techne Corp. | 2.24% | 3,012,654 | $167.6M | New |
| SWX Southwest Gas Holdings Inc. | 2.05% | 1,953,518 | $153.0M | Reduce -2.0% |
| AMD Advanced Micro Devices | 2.02% | 933,011 | $151.0M | Reduce -20.4% |
| MMSI Merit Medical Systems Inc. | 1.79% | 1,610,214 | $134.0M | Add +16.7% |
| SHW The Sherwin-Williams Co. | 1.78% | 383,437 | $132.8M | Add +22375.8% |
| DHR Danaher Corp. | 1.71% | 642,690 | $127.4M | Add +72.7% |
| BTU Peabody Energy Corp. | 1.62% | 4,562,313 | $121.0M | Add +13966.0% |
| DKS Dick's Sporting Goods Inc. | 1.58% | 533,000 | $118.4M | New |
| SGI Somnigroup International Inc. | 1.30% | 1,152,332 | $97.2M | Add +15.9% |
| INSM Insmed Inc. | 1.27% | 656,539 | $94.5M | Reduce -18.4% |
| MNST Monster Beverage Corp. | 1.21% | 1,341,965 | $90.3M | New |
| TEVA Teva Pharmaceutical-SP ADR | 1.16% | 4,300,520 | $86.9M | Reduce -1.8% |
| SCHW Schwab (charles) Corp. | 1.11% | 870,072 | $83.1M | New |
| CVNA Carvana Co. | 1.10% | 217,552 | $82.1M | New |
| Z Zillow Group Inc. Class C | 1.06% | 1,031,622 | $79.5M | New |
| GFL GFL Environmental Inc.-Sub VT | 1.01% | 1,586,998 | $75.2M | Reduce -43.3% |
| ACHC Acadia Healthcare Co. Inc. | 1.00% | 3,006,505 | $74.4M | Add +17.8% |
| CART Maplebear Inc. | 0.98% | 1,989,924 | $73.1M | Reduce -8.3% |
| CPNG Coupang Inc. | 0.89% | 2,073,752 | $66.8M | Reduce -1.4% |
| SNOW Snowflake Inc. | 0.85% | 281,903 | $63.6M | Reduce -47.8% |
| WVE Wave Life Sciences Ltd. | 0.82% | 8,391,856 | $61.4M | Add +1.6% |
| MIR Mirion Technologies Inc. | 0.81% | 2,588,579 | $60.2M | Reduce -51.2% |
| CELH Celsius Holdings Inc. | 0.79% | 1,031,603 | $59.3M | New |
| RBLX Roblox Corp. Class A | 0.76% | 411,547 | $57.0M | Add +4.2% |
| CCL Carnival Corp. | 0.74% | 1,912,372 | $55.3M | Reduce -64.4% |
| DDOG Datadog Inc. Class A | 0.65% | 341,412 | $48.6M | Reduce -33.9% |
| VRDN Viridian Therapeutics Inc. | 0.64% | 2,212,701 | $47.8M | Reduce -2.0% |
| PCVX Vaxcyte Inc. | 0.62% | 1,289,567 | $46.5M | Reduce -1.6% |
| NAMS Newamsterdam Pharma Co. NV | 0.57% | 1,504,747 | $42.8M | Reduce -1.8% |
| MDB Mongodb Inc. | 0.57% | 136,932 | $42.5M | New |
| MELI MercadoLibre Inc. | 0.54% | 17,197 | $40.2M | Reduce -1.7% |
| CDTX Cidara Therapeutics Inc. | 0.54% | 417,550 | $40.0M | New |
| PRMB Primo Brands Corp. | 0.50% | 1,689,881 | $37.3M | Reduce -30.5% |
| FLUT Flutter Entertainment PLC-Di | 0.46% | 133,952 | $34.0M | Reduce -54.8% |
| RCKT Rocket Pharmaceuticals Inc. | 0.37% | 8,468,344 | $27.6M | Add +1.3% |
| SAIL Sailpoint Inc. | 0.29% | 966,050 | $21.3M | No change |
| IVVD Invivyd Inc. | 0.28% | 18,970,913 | $20.9M | Add +85.5% |
| EVH Evolent Health Inc. Class A | 0.27% | 2,395,284 | $20.3M | Add +72.0% |
| STUB Stubhub Holdings Inc. Class A | 0.21% | 931,473 | $15.7M | New |
| NTSK Netskope Inc. Class A | 0.14% | 465,736 | $10.6M | New |
| REAL The Realreal Inc. filed as THE REALREAL INC | 0.13% | 931,549 | $9.9M | Add +101.0% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.12% | 60,964 | $8.8M | New |
| LTH Life Time Group Holdings Inc. | 0.12% | 317,846 | $8.8M | Add +281.1% |
| BKNG Booking Holdings Inc. | 0.11% | 1,588 | $8.6M | New |
| KTB Kontoor Brands Inc. | 0.11% | 104,495 | $8.3M | Add +97.4% |
| ROST Ross Stores Inc. | 0.11% | 54,111 | $8.2M | Add +237.9% |
| FWRG First Watch Restaurant Group | 0.11% | 514,259 | $8.0M | Add +84.9% |
| ELF Elf Beauty Inc. | 0.09% | 51,751 | $6.9M | New |
| CHWY Chewy Inc. Class A | 0.09% | 168,205 | $6.8M | Add +27.8% |
| GUTS Fractyl Health Inc. | 0.09% | 4,248,492 | $6.8M | No change |
| PAG Penske Automotive Group Inc. | 0.09% | 37,118 | $6.5M | New |
| WMK Weis Markets Inc. filed as WEIS MKTS INC | 0.08% | 87,204 | $6.3M | Add +64.4% |
| MGM MGM Resorts International | 0.08% | 179,065 | $6.2M | New |
| CROX Crocs Inc. | 0.08% | 72,658 | $6.1M | New |
| POOL Pool Corp. | 0.08% | 19,535 | $6.1M | New |
| BKE The Buckle Inc. | 0.08% | 102,664 | $6.0M | Add +71.3% |
| COCO The Vita Coco Co. Inc. | 0.07% | 132,033 | $5.6M | New |
| REYN Reynolds Consumer Products I | 0.07% | 225,555 | $5.5M | New |
| WINA Winmark Corp. | 0.07% | 10,763 | $5.4M | Add +207.7% |
| BBWI Bath & Body Works Inc. | 0.07% | 198,001 | $5.1M | New |
| AEO American Eagle Outfitters | 0.07% | 291,722 | $5.0M | New |
| CAKE The Cheesecake Factory Inc. | 0.07% | 90,552 | $4.9M | Add +48.7% |
| H Hyatt Hotels Corp. Class A | 0.07% | 34,735 | $4.9M | New |
| WSM Williams-Sonoma Inc. | 0.07% | 24,836 | $4.9M | Add +28.1% |
| BLMN Bloomin' Brands Inc. | 0.06% | 663,031 | $4.8M | Add +17.6% |
| LEVI Levi Strauss & Co. Class A | 0.06% | 198,611 | $4.6M | Add +147.6% |
| M Macy's Inc. | 0.06% | 257,456 | $4.6M | New |
| DRI Darden Restaurants Inc. | 0.06% | 23,231 | $4.4M | Add +153.8% |
| SFD Smithfield Foods Inc. | 0.06% | 187,805 | $4.4M | New |
| VITL Vital Farms Inc. | 0.06% | 106,277 | $4.4M | New |
| WRBY Warby Parker Inc. Class A | 0.06% | 153,707 | $4.2M | Reduce -14.4% |
| EVGO Evgo Inc. | 0.06% | 895,419 | $4.2M | New |
| TDUP Thredup Inc. Class A | 0.05% | 422,994 | $4.0M | Reduce -19.5% |
| SONO Sonos Inc. | 0.05% | 252,865 | $4.0M | New |
| LZB La-Z-Boy Inc. | 0.05% | 115,293 | $4.0M | New |
| ARMK Aramark | 0.05% | 102,387 | $3.9M | New |
| SMPL The Simply Good Foods Co. | 0.05% | 155,823 | $3.9M | New |
| TSN Tyson Foods Inc. Class A | 0.05% | 69,780 | $3.8M | New |
| UDMY Udemy Inc. | 0.05% | 536,883 | $3.8M | New |
| PG The Procter & Gamble Co. | 0.05% | 24,110 | $3.7M | New |
| DIN Dine Brands Global Inc. | 0.05% | 149,210 | $3.7M | Reduce -18.9% |
| ULTA Ulta Beauty Inc. | 0.05% | 6,716 | $3.7M | Reduce -35.0% |
| SJM The JM Smucker Co. filed as SMUCKER J M CO | 0.05% | 33,138 | $3.6M | New |
| GAP The Gap Inc. | 0.05% | 168,224 | $3.6M | Reduce -93.3% |
| AZO AutoZone Inc. | 0.05% | 827 | $3.5M | Add +74.8% |
Options reported separately and not counted above: BTU calls ($5.9M), WVE calls ($2.8M).
Portfolio Sells Q2 2025 → Q3 2025
| TSM Taiwan Semiconductor-SP ADR | Reduce -42.1% | 3.81% | −2.31 |
| MU Micron Technology Inc. | Sold out | 0.00% | −2.08 |
| NVDA Nvidia Corp. | Reduce -27.6% | 5.35% | −1.83 |
| CCL Carnival Corp. | Reduce -64.4% | 0.74% | −1.58 |
| HII Huntington Ingalls Industrie | Sold out | 0.00% | −1.43 |
| WBD Warner Bros Discovery Inc. | Sold out | 0.00% | −1.20 |
| GFL GFL Environmental Inc.-Sub VT | Reduce -43.3% | 1.01% | −1.16 |
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −1.08 |
| SNOW Snowflake Inc. | Reduce -47.8% | 0.85% | −1.00 |
| NTRA Natera Inc. | Reduce -10.5% | 2.87% | −0.99 |
| MIR Mirion Technologies Inc. | Reduce -51.2% | 0.81% | −0.95 |
| FLUT Flutter Entertainment PLC-Di | Reduce -54.8% | 0.46% | −0.84 |
| LULU Lululemon Athletica Inc. | Reduce -94.6% | 0.03% | −0.80 |
| GAP The Gap Inc. | Reduce -93.3% | 0.05% | −0.79 |
| VRNA Verona Pharma Ltd. | Sold out | 0.00% | −0.76 |
| LLY Eli Lilly & Co. | Sold out | 0.00% | −0.70 |
| EVR Evercore Inc. Class A | Sold out | 0.00% | −0.70 |
| CRWV Coreweave Inc. Class A | Sold out | 0.00% | −0.67 |
| PRMB Primo Brands Corp. | Reduce -30.5% | 0.50% | −0.61 |
| LPLA LPL Financial Holdings Inc. | Sold out | 0.00% | −0.57 |
| COF Capital One Financial Corp. | Reduce -2.8% | 3.08% | −0.56 |
| AMD Advanced Micro Devices | Reduce -20.4% | 2.02% | −0.53 |
| CART Maplebear Inc. | Reduce -8.3% | 0.98% | −0.53 |
| DDOG Datadog Inc. Class A | Reduce -33.9% | 0.65% | −0.41 |
| SWX Southwest Gas Holdings Inc. | Reduce -2.0% | 2.05% | −0.23 |
| MELI MercadoLibre Inc. | Reduce -1.7% | 0.54% | −0.16 |
| HLT Hilton Worldwide Holdings Inc. | Sold out | 0.00% | −0.14 |
| OLLI Ollie's Bargain Outlet Holdi | Sold out | 0.00% | −0.13 |
| LOW Lowe's Cos Inc. | Reduce -88.3% | 0.01% | −0.10 |
| CNK Cinemark Holdings Inc. | Sold out | 0.00% | −0.09 |
| SHAK Shake Shack Inc. Class A | Reduce -40.5% | 0.05% | −0.09 |
| NU Nu Holdings Ltd./Cayman Isl-A | Reduce -3.4% | 4.50% | −0.08 |
| DOCU Docusign Inc. | Sold out | 0.00% | −0.08 |
| EFX Equifax Inc. | Sold out | 0.00% | −0.08 |
| CPNG Coupang Inc. | Reduce -1.4% | 0.89% | −0.07 |
| CPRI Capri Holdings Ltd. | Sold out | 0.00% | −0.07 |
| ARHS Arhaus Inc. | Sold out | 0.00% | −0.07 |
| OSCR Oscar Health Inc. Class A | Sold out | 0.00% | −0.07 |
| HD Home Depot Inc. | Sold out | 0.00% | −0.07 |
| CMG Chipotle Mexican Grill Inc. | Sold out | 0.00% | −0.07 |
| SG Sweetgreen Inc. Class A | Sold out | 0.00% | −0.07 |
| DPZ Domino's Pizza Inc. | Reduce -60.8% | 0.03% | −0.06 |
| AAL American Airlines Group Inc. | Sold out | 0.00% | −0.06 |
| EBAY eBay Inc. | Sold out | 0.00% | −0.06 |
| YETI Yeti Holdings Inc. | Sold out | 0.00% | −0.06 |
| W Wayfair Inc. Class A | Sold out | 0.00% | −0.06 |
| PRKS United Parks & Resorts Inc. | Sold out | 0.00% | −0.06 |
| TSCO Tractor Supply Company | Reduce -66.0% | 0.03% | −0.06 |
| ABNB Airbnb Inc. Class A | Sold out | 0.00% | −0.05 |
| GPC Genuine Parts Co. | Reduce -67.6% | 0.02% | −0.05 |
Portfolio Buys Q2 2025 → Q3 2025
| UNP Union Pacific Corp. | New | 3.53% | +3.53 |
| RTX RTX Corp. | New | 3.04% | +3.04 |
| ASML ASML Holding NV-NY Reg SHS | New | 2.47% | +2.47 |
| TECH Bio-Techne Corp. | New | 2.24% | +2.24 |
| SHW The Sherwin-Williams Co. | Add +22375.8% | 1.78% | +1.77 |
| BTU Peabody Energy Corp. | Add +13966.0% | 1.62% | +1.61 |
| DKS Dick's Sporting Goods Inc. | New | 1.58% | +1.58 |
| MNST Monster Beverage Corp. | New | 1.21% | +1.21 |
| SCHW Schwab (charles) Corp. | New | 1.11% | +1.11 |
| CVNA Carvana Co. | New | 1.10% | +1.10 |
| Z Zillow Group Inc. Class C | New | 1.06% | +1.06 |
| CELH Celsius Holdings Inc. | New | 0.79% | +0.79 |
| MSFT Microsoft Corp. | Add +23.7% | 6.46% | +0.70 |
| DHR Danaher Corp. | Add +72.7% | 1.71% | +0.58 |
| MDB Mongodb Inc. | New | 0.57% | +0.57 |
| CDTX Cidara Therapeutics Inc. | New | 0.54% | +0.54 |
| SGI Somnigroup International Inc. | Add +15.9% | 1.30% | +0.26 |
| STUB Stubhub Holdings Inc. Class A | New | 0.21% | +0.21 |
| IVVD Invivyd Inc. | Add +85.5% | 0.28% | +0.17 |
| NTSK Netskope Inc. Class A | New | 0.14% | +0.14 |
| RBLX Roblox Corp. Class A | Add +4.2% | 0.76% | +0.13 |
| TJX TJX Companies Inc. | New | 0.12% | +0.12 |
| BKNG Booking Holdings Inc. | New | 0.11% | +0.11 |
| ACHC Acadia Healthcare Co. Inc. | Add +17.8% | 1.00% | +0.11 |
| REAL The Realreal Inc. | Add +101.0% | 0.13% | +0.10 |
| ELF Elf Beauty Inc. | New | 0.09% | +0.09 |
| PAG Penske Automotive Group Inc. | New | 0.09% | +0.09 |
| MGM MGM Resorts International | New | 0.08% | +0.08 |
| CROX Crocs Inc. | New | 0.08% | +0.08 |
| POOL Pool Corp. | New | 0.08% | +0.08 |
| ROST Ross Stores Inc. | Add +237.9% | 0.11% | +0.08 |
| LTH Life Time Group Holdings Inc. | Add +281.1% | 0.12% | +0.08 |
| COCO The Vita Coco Co. Inc. | New | 0.07% | +0.07 |
| REYN Reynolds Consumer Products I | New | 0.07% | +0.07 |
| BBWI Bath & Body Works Inc. | New | 0.07% | +0.07 |
| AEO American Eagle Outfitters | New | 0.07% | +0.07 |
| H Hyatt Hotels Corp. Class A | New | 0.07% | +0.07 |
| M Macy's Inc. | New | 0.06% | +0.06 |
| SFD Smithfield Foods Inc. | New | 0.06% | +0.06 |
| VITL Vital Farms Inc. | New | 0.06% | +0.06 |
| KTB Kontoor Brands Inc. | Add +97.4% | 0.11% | +0.06 |
| EVGO Evgo Inc. | New | 0.06% | +0.06 |
| RCKT Rocket Pharmaceuticals Inc. | Add +1.3% | 0.37% | +0.05 |
| SONO Sonos Inc. | New | 0.05% | +0.05 |
| LZB La-Z-Boy Inc. | New | 0.05% | +0.05 |
| ARMK Aramark | New | 0.05% | +0.05 |
| SMPL The Simply Good Foods Co. | New | 0.05% | +0.05 |
| WINA Winmark Corp. | Add +207.7% | 0.07% | +0.05 |
| TSN Tyson Foods Inc. Class A | New | 0.05% | +0.05 |
| UDMY Udemy Inc. | New | 0.05% | +0.05 |
Options Activity Q2 2025 → Q3 2025
| GEV GE Vernova Inc. | put | Sold out | 273,600 | $144.8Mbefore exit |
| BTU Peabody Energy Corp. | call | New | 223,600 | $5.9M |
| WVE Wave Life Sciences Ltd. | call | Add +6.5% | 380,000 | $2.8M |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 177 | $11.1B | NVDA, AMD, ALAB, INTC, GOOG |
| Q1 2026 | 239 | $8.6B | NVDA, AMZN, TSM, ASML, NU |
| Q4 2025 | 178 | $9.3B | NVDA, MSFT, AMZN, TSM, GOOG |
| Q3 2025 | 201 | $7.5B | AMZN, MSFT, NVDA, NU, TSM |
| Q2 2025 | 249 | $6.5B | NVDA, AMZN, TSM, MSFT, NU |
| Q1 2025 | 232 | $5.6B | AMZN, NVDA, PM, TSM, NTRA |
| Q4 2024 | 224 | $5.6B | AMZN, NVDA, MSFT, PM, TSM |
| Q3 2024 | 228 | $5.1B | NVDA, AMZN, MSFT, CPNG, PM |
| Q2 2024 | 266 | $5.3B | CPNG, AMZN, MSFT, NVDA, PM |
| Q1 2024 | 403 | $5.2B | CPNG, AMZN, NVDA, PM, JLL |