Lee Ainslie's Q1 2026 Portfolio — Exits UNP Entirely, Boosts NU Stake by 92%
Maverick Capital's Lee Ainslie fully exited five positions — UNP, SCHW, BTU, and others — in his Q1 2026 13F filing while boosting his NU stake by 92%. NVDA remained his top holding at 6.4%.
- Lee Ainslie fully exited UNP, SCHW, and three other stocks in Q1 2026, boosting NU by 92%
- He added five new positions including LIN and ABT
Lee Ainslie disclosed in his Q1 2026 13F filing that he fully exited five positions — UNP ($304M), SCHW ($125M), BTU ($121M), LRCX ($108M), and SGI ($102M). Maverick Capital's total assets under management (AUM) stand at $5.6B across 20 holdings, with NVDA remaining the top position at 6.4% ($554M).
Top 5 Holdings — Q1 2026
Key Portfolio Moves
The top 10 holdings are led by NVDA (6.4%), AMZN (5.6%), TSM (4.8%), ASML (3.9%), and NU (3.7%), followed by AMAT, MSFT, RTX, BSX, and AGX. NU saw the largest increase, up 92% to $323M, while BSX rose 42% to $263M. NVDA held steady with a modest 6% increase, reaffirming its status as the top holding.
- UNP: Fully exited $304M — complete exit from the railroad sector
- NU: +92% stake increase to $323M — sharply deepened fintech bet
- LIN: New position $211M — first entry into industrial gases
Five new positions were added: LIN ($211M), INFQ ($196M), ABT ($181M), RGEN ($179M), and DHR ($155M) — a clear pivot toward healthcare and industrials. Meanwhile, UNP, SCHW, BTU, LRCX, and SGI were fully exited and removed from the portfolio, while DIS, RBLX, and LTH were cut by 99%, 98%, and 94% respectively, effectively winding down those positions.
Portfolio Outlook
Lee Ainslie maintained his core big-tech and semiconductor positions — NVDA, AMZN, TSM — while aggressively expanding growth bets like NU and BSX. The exit from traditional sectors such as UNP and SCHW, paired with reallocation into healthcare and industrials names like LIN, ABT, and DHR, signals that a broader portfolio rebalancing is now underway.
Frequently Asked Questions
What did Lee Ainslie recently buy?
According to his Q1 2026 13F filing, Lee Ainslie added five new positions: LIN ($211M), INFQ ($196M), ABT ($181M), RGEN ($179M), and DHR ($155M).
What was the biggest change in Lee Ainslie's Q1 2026 portfolio?
The biggest changes were the full exit from five positions — UNP ($304M), SCHW ($125M), BTU ($121M), LRCX ($108M), and SGI ($102M) — and a 92% increase in his NU stake to $323M.
What is Lee Ainslie's largest holding?
Lee Ainslie's largest holding is NVDA, accounting for 6.4% of his portfolio at $554M.
What is Maverick Capital's AUM?
As of the Q1 2026 13F filing, Maverick Capital Ltd's total assets under management (AUM) stood at $5.6B across 20 holdings.
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