Maverick Capital introduced four sizeable new equity positions in the fourth quarter of 2025 that immediately ranked among its top holdings, with early performance delivering a blend of strong gains and notable setbacks, according to a report by Institutional Investor.
The report cites the latest 13F filing as showing that the Tiger Cub firm led by Lee Ainslie III capped a standout year by adding large stakes in Alphabet, Applied Materials, Boston Scientific and Visa. The moves came after a strong 2025, with Maverick’s flagship strategies posting gains of between 29% and 40%, momentum that largely carried into January.
Alphabet emerged as Maverick’s largest new investment, becoming its fifth-largest US-listed long after the fund acquired more than 1.14 million shares. The position has started well, with the stock rising nearly 8% in January. A new holding in Applied Materials also delivered strong early returns, climbing close to 28% over the same period.
Elsewhere, results were less encouraging. Boston Scientific, now Maverick’s tenth-largest long, slipped modestly in January before suffering a sharp sell-off in February following weaker guidance and disappointing sales in its electrophysiology unit. Visa also disappointed initially, falling nearly 9% in January after Maverick established the position.
Beyond new additions, Maverick significantly increased its exposure to Nvidia, lifting the stake by almost 40% and making the chipmaker its largest holding, overtaking Microsoft and Amazon.
At the same time, the firm cut back sharply on select holdings, reducing its stake in Nu Holdings and exiting positions in Kenvue and Bank of America.
