Maverick Capital, a $10.5 billion hedge fund, is betting big that the smartphone market has ‘hit a tipping point’

Lee Ainslie
Craig Barritt/Getty Images

  • Maverick Capital, a $10.5 billion hedge fund run by Lee
    Ainslie, is betting against companies that will be hurt by the
    maturation of the smartphone market.
  • The bet is the firm’s largest collective short
    position, according to a year-end letter dated January
  • “The last ten years represented the glory days of the
    smartphone revolution; however, we believe the next ten years
    will be very different,” the letter said.

Capital, the $10.5 billion hedge fund run by Lee Ainslie, is
betting big against the smartphone market. 

The firm said in a January 30 letter to investors that its
largest collective short position is companies that it thinks
will be negatively impacted by a slowdown in the smartphone
market. Smartphone sales declined slightly in 2017,
reversing a…

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