Maverick Capital portfolio

What changed this quarter

317 positions with a change (83 new, 49 added to, 40 trimmed, 145 sold); also, 1 entered through an IPO, 1 exited through an acquisition or merger. 12 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• Meta Platforms+3.9 ppof portfolioNew
  — → 3.9%
• Asml Holding−99.6%fewer sharesReduced
  4.0% → under 0.1%
• Applied Materials−99.7%fewer sharesReduced
  3.5% → under 0.1%
• Argan−2.3 ppof portfolioSold out
  2.9% → —
• Taiwan Semiconductor Manufacturing−42%fewer sharesReduced
  4.9% → 3.1%
• Snowflake+2.2 ppof portfolioNew
  — → 2.2%
• GFL Environmental+165%more sharesIncreased
  1.9% → 3.4%
• Insmed+2.1 ppof portfolioNew
  — → 2.1%
• Bio-techne−68%fewer sharesReduced
  2.9% → 1.0%
• Linde−1.9 ppof portfolioSold out
  2.5% → —
• Alphabet+65%more sharesIncreased
  2.9% → 4.6%
• Infleqtion−1.8 ppof portfolioSold out
  2.3% → —

The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight?: what it bought or sold, excluding price effects.

Top holdings

• NVIDIANVDA5.5%
• Advanced Micro DevicesAMD5.1%
• Astera LabsALAB4.7%
• IntelINTC4.6%
• AlphabetGOOG4.6%
• Amazon.comAMZN4.3%
• Nu HoldingsNU4.3%
• Meta PlatformsMETA3.9%
• GFL EnvironmentalGFL3.4%
• NateraNTRA3.3%
• Taiwan Semiconductor ManufacturingTSM3.1%
• DICK'S Sporting GoodsDKS3.0%
• MicrosoftMSFT2.8%
• RTXRTX2.7%
• Capital One FinancialCOF2.5%
• RepligenRGEN2.4%
• Philip Morris InternationalPM2.4%
• VisaV2.3%
• Boston ScientificBSX2.3%
• Monster BeverageMNST2.3%
• DPC HoldingsDPC2.3%
• SnowflakeSNOW2.2%
• InsmedINSM2.1%
• Sherwin-williamsSHW1.8%
• Camden Property TrustCPT1.8%
• Vulcan MaterialsVMC1.7%
• CarvanaCVNA1.6%
• Southwest Gas HoldingsSWX1.5%
• Coca-ColaKO1.5%
• Performance Food GroupPFGC1.3%
• Voya FinancialVOYA1.1%
• NewAmsterdam PharmaNAMS1.0%
• Bio-techneTECH1.0%
• Roivant SciencesROIV0.9%
• FluorFLR0.9%
• VeradermicsMANE0.9%
• Mirion TechnologiesMIR0.8%
• VaxcytePCVX0.8%
• Novo Nordisk A/sNVO0.7%
• CompassCOMP0.7%
• Merit Medical SystemsMMSI0.6%
• Belite BioBLTE0.6%
• Wave Life Sciences0.5%
• uniQureQURE0.4%
• InvivydIVVD0.1%
• Rocket PharmaceuticalsRCKT0.1%
• AbivaxABVXunder 0.1%
• CelesticaCLSunder 0.1%
• PerrigoPRGOunder 0.1%
• Magnum Ice CreamMICCunder 0.1%
• NovartisNVSunder 0.1%
• Bunge GlobalBGunder 0.1%
• Primo BrandsPRMBunder 0.1%
• Bank of Nova ScotiaBNSunder 0.1%
• SeaboardSEBunder 0.1%
• J&j Snack FoodsJJSFunder 0.1%
• Turning Point BrandsTPBunder 0.1%
• Altria GroupMOunder 0.1%
• Vita CocoCOCOunder 0.1%
• KenvueKVUEunder 0.1%
• Fractyl HealthGUTSunder 0.1%
• J M SmuckerSJMunder 0.1%
• Brown FormanBF/Bunder 0.1%
• Edgewell Personal CareEPCunder 0.1%
• Spectrum Brands HoldingsSPBunder 0.1%
• Canadian National RailwayCNIunder 0.1%
• Elanco Animal HealthELANunder 0.1%
• Prestige Consumer HealthcarePBHunder 0.1%
• British American Tobacco p.l.c.BTIunder 0.1%
• AlconALCunder 0.1%
• SanofiSNYunder 0.1%
• COTYCOTYunder 0.1%
• BroadcomAVGOunder 0.1%
• Kraft HeinzKHCunder 0.1%
• Utz BrandsUTZunder 0.1%
• ASML HoldingASMLunder 0.1%
• Reynolds Consumer ProductsREYNunder 0.1%
• Micron TechnologyMUunder 0.1%
• Keurig Dr PepperKDPunder 0.1%
• TFI InternationalTFIIunder 0.1%
• Canadian Natural ResourcesCNQunder 0.1%
• Applied MaterialsAMATunder 0.1%
• Lam ResearchLRCXunder 0.1%
• KLAKLACunder 0.1%
• Anheuser-Busch InBevBUDunder 0.1%
• Tyson FoodsTSNunder 0.1%
• Cisco SystemsCSCOunder 0.1%
• ARM HoldingsARMunder 0.1%
• Deutsche Bank AktiengesellschaftDBunder 0.1%
• SandiskSNDKunder 0.1%
• GE VernovaGEVunder 0.1%
• Dell TechnologiesDELLunder 0.1%
• Marvell TechnologyMRVLunder 0.1%
• Palo Alto NetworksPANWunder 0.1%
• CorningGLWunder 0.1%
• HersheyHSYunder 0.1%
• Conagra BrandsCAGunder 0.1%
• Western DigitalWDCunder 0.1%
• Texas InstrumentsTXNunder 0.1%
• Seagate Technology HoldingsSTXunder 0.1%