Stanley Druckenmiller Duquesne Family Office
Stanley Druckenmiller is the founder of Duquesne Family Office and one of the most closely watched macro investors of his generation. He first became widely known as lead portfolio manager of the Quantum Fund alongside George Soros, including during the famous 1992 bet against the British pound. After returning outside capital, he has continued to invest with a flexible, top-down approach that blends macroeconomic views with concentrated equity and commodity positions.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
VanEck Gold Miners ETF
GDX
|
+$93.4M |
| 2 |
Meta Platforms (Facebook)
META
|
+$58.3M |
| 3 |
Range Resources
RRC
|
+$32.5M |
| 4 |
Biogen
BIIB
|
+$31.2M |
| 5 |
EOG Resources
EOG
|
+$30.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$71.4M |
| 2 |
Microsoft
MSFT
|
+$70.7M |
| 3 |
Adobe
ADBE
|
+$64.2M |
| 4 |
MON
Monsanto Co
MON
|
+$20.2M |
| 5 |
Workday
WDAY
|
+$16.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 24.28% |
| 2 | Healthcare | 23.11% |
| 3 | Energy | 18.37% |
| 4 | Industrials | 7.23% |
| 5 | Materials | 6.1% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Devon Energy
DVN
$50.8B
| $16.5M | 1.18% |
+207,500
| New | +$15.1M |
|
27
Lennar Class A
LEN
$20.9B
| $15.5M | 1.11% |
+389,128
| New | +$14.8M |
|
28
AstraZeneca
AZN
$241B
| $15.5M | 1.11% |
208,900
-151,600
| -42% | -$11M |
|
29
State Street Technology Select Sector SPDR ETF
XLK
$123B
| $15.1M | 1.08% |
+788,800
| New | +$14.6M |
|
30
Fluor
FLR
$7.18B
| $14.8M | 1.06% |
+192,800
| New | +$14.7M |
|
31
D.R. Horton
DHI
$41.7B
| $12.2M | 0.87% |
+494,429
| New | +$11.3M |
|
32
HCA Healthcare
HCA
$86.3B
| $11M | 0.78% |
+194,600
| New | +$10.3M |
|
33
Humana
HUM
$43.8B
| $10.7M | 0.76% |
+83,900
| New | +$9.94M |
|
34
Occidental Petroleum
OXY
$54.9B
| $10.6M | 0.76% |
+107,926
| New | +$10.1M |
|
35
State Street Health Care Select Sector SPDR ETF
XLV
$41.7B
| $10.5M | 0.75% |
172,300
-21,000
| -11% | -$1.23M |
|
36
iShares China Large-Cap ETF
FXI
$4.33B
| $10.4M | 0.74% |
+281,100
| New | +$10.2M |
|
37
American Airlines Group
AAL
$10.9B
| $10.3M | 0.74% |
+240,700
| New | +$9.39M |
|
|
SPWR
38
DELISTED
SunPower Corporation Common Stock
SPWR
| $10.3M | 0.73% |
+382,972
| New | +$8.38M |
|
39
State Street Materials Select Sector SPDR ETF
XLB
$8.5B
| $10.1M | 0.72% |
405,200
-12,800
| -3% | -$309K |
|
40
State Street Financial Select Sector SPDR ETF
XLF
$58.5B
| $10M | 0.72% |
502,933
-6,949
| -1% | -$135K |
|
41
State Street SPDR S&P 500 ETF Trust
SPY
$821B
| $10M | 0.71% |
+51,100
| New | +$9.72M |
|
42
Valero Energy
VLO
$88.7B
| $9.95M | 0.71% |
+198,500
| New | +$10.9M |
|
43
State Street Industrial Select Sector SPDR ETF
XLI
$33.8B
| $9.91M | 0.71% |
+183,300
| New | +$9.8M |
|
44
Expeditors International
EXPD
$23.4B
| $9.71M | 0.69% |
+220,000
| New | +$9.46M |
|
45
Marathon Petroleum
MPC
$91.3B
| $9.63M | 0.69% |
+246,800
| New | +$10.9M |
|
|
46
Adobe
ADBE
$101B
| – | – |
-976,700
| Closed | -$64.2M |
|
47
iShares MSCI Chile ETF
ECH
$1.04B
| – | – |
-67,000
| Closed | -$3.05M |
|
48
iShares MSCI Philippines ETF
EPHE
$146M
| – | – |
-87,300
| Closed | -$2.98M |
|
49
iShares MSCI Australia ETF
EWA
$1.44B
| – | – |
-397,000
| Closed | -$10.3M |
|
|
50
Microsoft
MSFT
$3.68T
| – | – |
-1,724,200
| Closed | -$70.7M |
|
Similar funds
Stanley Druckenmiller's Q2 2014 Portfolio in Review
As of Q2 2014, Stanley Druckenmiller held 52 positions worth $1.4B, up 58% from $886M the previous quarter. Its ten largest holdings account for 58% of the portfolio.
Stanley Druckenmiller deployed $425M of net new capital in Q2 2014, opening 31 new positions and adding to 4 existing holdings. Its largest new stake was VanEck Gold Miners ETF: 3,895,000 shares worth $103M.
By sector, the portfolio is most concentrated in Communication Services at 24% of assets, down from 33% a quarter earlier, followed by Healthcare and Energy.
On the sell side, the largest reduction was Alphabet (Google) Class C, an estimated $71.4M trimmed.
- Stanley Druckenmiller's largest Q2 2014 buy was VanEck Gold Miners ETF: 3,895,000 shares worth $103M.
- Stanley Druckenmiller added most to Illumina in Q2 2014, an estimated $24M increase.
- Stanley Druckenmiller's biggest Q2 2014 reduction was Alphabet (Google) Class C, cutting an estimated $71.4M.
- Stanley Druckenmiller fully exited Microsoft in Q2 2014, selling an estimated $70.7M.
- Stanley Druckenmiller's ten largest holdings make up 58% of its $1.4B portfolio in Q2 2014.
- Stanley Druckenmiller opened 31 new positions and closed 7 in Q2 2014.
- Stanley Druckenmiller's portfolio value rose 58% quarter-over-quarter to $1.4B.
Based on Duquesne Family Office's 13F filing for Q2 2014, filed 14 Aug 2014.