Maverick Capital 13F, Q3 2025
Lee Ainslie · quarter ending 30 September 2025 · filed 14 November 2025 · SEC CIK 934639
Common stock only: shares the fund reported owning at the quarter end, valued as filed. The filing also lists 2 put and call lines, reported at the value of the underlying shares; they are not ownership and are not in these totals.
Largest positions, Q3 2025
The 25 largest of 201 positions. Weights are against the whole filed book. Changes are in shares held, against the Q2 2025 filing.
| Company | Ticker | Value | % of book | vs Q2 2025 |
|---|---|---|---|---|
| AMAZON COM INC | AMZN | $491.09M | 6.6% | +9% shares |
| MICROSOFT CORP | MSFT | $482.65M | 6.5% | +24% shares |
| NVIDIA CORPORATION | NVDA | $399.90M | 5.3% | -28% shares |
| NU HLDGS LTD | $336.06M | 4.5% | -3% shares | |
| TAIWAN SEMICONDUCTOR MFG LTD | TSM | $284.73M | 3.8% | -42% shares |
| UNION PAC CORP | UNP | $263.70M | 3.5% | new |
| PHILIP MORRIS INTL INC | PM | $263.10M | 3.5% | +10% shares |
| CAPITAL ONE FINL CORP | COF | $230.42M | 3.1% | -3% shares |
| RTX CORPORATION | RTX | $227.50M | 3.0% | new |
| NATERA INC | NTRA | $214.53M | 2.9% | -11% shares |
| ASTERA LABS INC | ALAB | $202.15M | 2.7% | unchanged |
| KENVUE INC | KVUE | $195.45M | 2.6% | +16% shares |
| DISNEY WALT CO | DIS | $185.54M | 2.5% | +7% shares |
| ASML HOLDING N V | $184.32M | 2.5% | new | |
| BANK AMERICA CORP | BAC | $171.23M | 2.3% | +4% shares |
| BIO-TECHNE CORP | TECH | $167.59M | 2.2% | new |
| SOUTHWEST GAS HLDGS INC | SWX | $153.04M | 2.0% | -2% shares |
| ADVANCED MICRO DEVICES INC | AMD | $150.95M | 2.0% | -20% shares |
| MERIT MED SYS INC | MMSI | $134.02M | 1.8% | +17% shares |
| SHERWIN WILLIAMS CO | SHW | $132.77M | 1.8% | +22376% shares |
| DANAHER CORPORATION | DHR | $127.42M | 1.7% | +73% shares |
| PEABODY ENERGY CORP | BTU | $120.99M | 1.6% | +13966% shares |
| DICKS SPORTING GOODS INC | DKS | $118.44M | 1.6% | new |
| SOMNIGROUP INTERNATIONAL INC | SGI | $97.18M | 1.3% | +16% shares |
| INSMED INC | INSM | $94.55M | 1.3% | -18% shares |
What changed since Q2 2025
Against the Q2 2025 filing, Maverick Capital opened 97 new positions, added to 48, trimmed 42, left 14 unchanged and exited 145. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
New positions
- UNP$263.70M
- RTX$227.50M
- ASML HOLDING N V$184.32M
- TECH$167.59M
- DKS$118.44M
- MNST$90.33M
- SCHW$83.07M
- CVNA$82.07M
and 89 more
Exited
- MUwas $135.20M
- HIIwas $93.33M
- WBDwas $77.90M
- UNHwas $70.55M
- VERONA PHARMA PLCwas $49.36M
- LLYwas $45.92M
- EVRwas $45.83M
- CRWVwas $43.66M
and 137 more
Other quarters
Source: SEC Form 13F-HR, accession 0000947871-25-001016, filed by MAVERICK CAPITAL LTD. Values are as filed and cover US-listed positions only; a 13F does not show short positions or holdings outside the US. A 13F may be filed up to 45 days after the quarter ends, so the fund may have traded since. Educational information, not financial advice.