Maverick Capital’s portfolio was worth $7.7 billion, according to its latest 13F filing with the Securities and Exchange Commission. During the first quarter of the year, the firm bought 19 new stocks and increased its stake in 19 others. It also sold out of 20 stocks and reduced its holdings in 17 others.
The fund’s top 10 holdings make up just under 36 percent of its portfolio. As of the end of March, the firm’s five top holdings were Apple Inc. (NASDAQ:AAPL), QUALCOMM, Inc. (NASDAQ:QCOM), United Parcel Service, Inc. (NYSE:UPS), NetApp Inc. (NASDAQ:NTAP) and HCA Holdings Inc (NYSE:HCA).
Maverick Capital’s Major New Stocks
During the first quarter, the firm bought 23.6 million shares of MGIC Investment Corp. (NYSE:MTG)—the most of any other stock during the time frame. HCA Holdings Inc (NYSE:HCA) came in second and was the firm’s fifth largest holding in its portfolio.
Gates Capital Management's ECF Value Funds have a fantastic track record. The funds (full-name Excess Cash Flow Value Funds), which invest in an event-driven equity and credit strategy, have produced a 12.6% annualised return over the past 26 years. The funds added 7.7% overall in the second half of 2022, outperforming the 3.4% return for Read More
Other major purchases during the quarter were Metlife Inc (NYSE:MET), Verisign, Inc. (NASDAQ:VRSN), Capital One Financial Corp. (NYSE:COF), eBay Inc (NASDAQ:EBAY), The Home Depot, Inc. (NYSE:HD), Lowe’s Companies, Inc. (NYSE:LOW) and Citigroup Inc (NYSE:C).
Maverick Capital’s Major Increases
During the first quarter of the year, the firm increased its holding in Apple Inc. (NASDAQ:AAPL), snapping up more than 140,000 shares of the stock. The stock fell from 4.29 percent of the firm’s portfolio at the end of the previous quarter to 3.95 percent of its portfolio at the end of March, although it was still the firm’s top holding.
Other major increases for the firm during the first three months of the year were United Parcel Service, Inc. (NYSE:UPS), Crown Castle International Corp. (NYSE:CCI), UnitedHealth Group Inc. (NYSE:UNH) and Ericsson (NASDAQ:ERIC).
Maverick Capital’s Major Sell-Offs
During the first three months of the year, the firm sold completely out of Polycom Inc (NASDAQ:PLCM), Comcast Corporation (NASDAQ:CMCSA), Las Vegas Sands Corp. (NYSE:LVS), Facebook Inc (NASDAQ:FB), Tripadvisor Inc (NASDAQ:TRIP) and several others.
Maverick Capital’s Major Decreases
The firm’s major decreases in position were Express Scripts Holding Company (NASDAQ:ESRX), News Corp (NASDAQ:NWSA), CIGNA Corporation (NYSE:CI) and Family Dollar Stores, Inc. (NYSE:FDO).