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- 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,