Lee Ainslie Is Not Feeling The BernMichelle Jones
Maverick Capital had an exceptionally strong start to 2019 as the fund added to positions "during the market's carnage at the end of last year." The firm increased its gross exposure to 238% as of the beginning of Q2, which is higher than usual, and its gross exposure is now at its highest level in more than five years. The fund remains biased toward "high quality, less expensive stocks."
In the fund's Q1 letter, which was reviewed by ValueWalk, Maverick's Andrew Warford wrote about Maverick's views on three managed care companies, which together are the biggest long theme in the fund's portfolio.
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