‘Tiger Cub’ Ainslie Adds to Tech Stakes, Retail (AAPL, GOOG, HPQ, MRVL, APOL, ANF, BBBY)

Speaking at the Value Investing Congress in New York last month, Maverick Capital Lee Ainslie talked up large-cap tech stocks, noting that the sector is generating a lot of cash and that could lead to share buybacks, dividends, or “intelligent” acquisitions. Recent regulatory filings reveal that the “Tiger Cub” — as Wall Street affectionately refers to hedge funds started by former Tiger Management employees — was, in fact, doing some buying in the sector during the third quarter.

A look at Maverick Capital’s top-15 U.S.-listed equity holdings from the end of Q3 shows that Ainslie was adding to existing positions in tech giants Apple (AAPL) and Google (GOOG), while opening a new bet on Hewlett-Packard (HPQ). The firm also hiked its position in semiconductor play Marvell Technology (MRVL).

Elsewhere, Ainslie boosted his biggest equity bet on for-profit education firm Apollo Group (APOL), and opened new positions in teen apparel retailer Abercrombie & Fitch (ANF) and home furnishings retailer Bed Bath & Beyond (BBBY).

Looking at tickerspy.com’s graph charting the performance of Maverick Capital’s top end-of-Q3 holdings so far in Q4, one can see that they have outperformed the market slightly. To see how your performance stacks up against Ainslie’s or see some of Maverick’s other holdings, visit tickerspy.com to see the firm’s top positions and a chart of their combined performance.

Pro portfolio performance is based on institutions’ top-15 holdings as disclosed in quarter-end filings with the SEC. Pro performance does not take into account additional holdings beyond the top 15 nor does it include positions that are not required to be disclosed by the SEC. As such, Pro portfolio performance should be considered an approximation and not a precise record of how an institution has performed over time.

Tags: AAPL, ANF, APOL, BBBY, GOOG, HPQ, MRVL