By Pete Gallo
If a straight stock-picking award were given for 2007's topsy-turvy markets, I'd have to say that Maverick Capital would be in the running.
Some of the positional bets placed this year by Lee Ainslie III, one of the original Tiger Cubs, are reminiscent of the old roaring tiger, Julian Robertson himself, during his halcyon days. I'm talking triple-digit gains in individual positions. No wonder Maverick's flagship fund was up 23% by mid-November.
Maverick's three million shares of Apple provided a huge kicker. The computer maker's stock has soared from $90 in May to $190 as of mid-November as iPhone, iPod and iMac sales have beaten even the most optimistic predictions. That would have meant a gain of $300 million for Maverick.
A more obscure position in the portfolio was a big bet on the alternative-energy sector. Maverick's pick, First...