Maverick Capital established four new large positions in the fourth quarter that instantly ranked among its top-12 longs, according to the latest quarterly 13F filing, made public Friday. So far, the hedge fund firm has had mixed results with these investments.

The Tiger Cub headed by Lee Ainslie III made the moves as it wound down one of its best years. The long-short Maverick Fund finished 2025 up 29.4 percent, Maverick Long jumped 32 percent, and Maverick Long Enhanced surged 40 percent.

That success carried over into this year, with Maverick Fund up 3.31 percent in January, according to a hedge fund database. Maverick Long added 3 percent, and Maverick Long Enhanced 3.9 percent.

Maverick’s largest new investment in the fourth quarter was in Google parent Alphabet, which became the fifth-largest U.S.-listed long at year-end after the firm bought more than 1.14 million shares. The stock climbed nearly 8 percent in January.

In the same quarter, Maverick made a new big bet on semiconductor equipment maker Applied Materials, making it the hedge fund firm’s ninth-largest U.S. long. The stock rose nearly 28 percent in January. 

Maverick also made a new large investment in medical device maker Boston Scientific, which became the tenth-largest long position. It fell a little less than 2 percent in January. However, the stock is down about 22 percent this month — plunging more than 17 percent on February 4 alone — after issuing disappointing 2026 guidance and weaker-than-expected sales in its electrophysiology division.

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In addition, Maverick established a new large position in payments giant Visa, which immediately became the firm’s 12th-largest long. The stock, however, dropped nearly 9 percent in January. 

Also in the fourth quarter, Maverick boosted its stake in Nvidia by nearly 40 percent. The chip juggernaut is now Maverick’s largest long, having surpassed Microsoft and Amazon, Maverick’s biggest longs at the end of the third quarter.

In contrast, in the fourth quarter Maverick unloaded 44 percent of its stake in digital bank Nu Holdings. It is now the hedge fund firm’s 19th-largest long after ranking fourth at the end of the third quarter. Maverick also liquidated sizable positions in Kenvue — formerly the consumer health care division of Johnson & Johnson — and Bank of America.