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 |
Meta Platforms (Facebook)
META
|
+$204M |
| 2 |
Amazon
AMZN
|
+$49.2M |
| 3 |
Under Armour
UAA
|
+$24.7M |
| 4 |
PayPal
PYPL
|
+$20.2M |
| 5 |
Expedia Group
EXPE
|
+$20M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
SPDR Gold Trust
GLD
|
+$310M |
| 2 |
LyondellBasell Industries
LYB
|
+$74.2M |
| 3 |
Halliburton
HAL
|
+$66.6M |
| 4 |
Freeport-McMoran
FCX
|
+$66M |
| 5 |
Citigroup
C
|
+$64.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 31.29% |
| 2 | Consumer Discretionary | 17.97% |
| 3 | Financials | 11.89% |
| 4 | Technology | 7.79% |
| 5 | Healthcare | 2.33% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
eBay
EBAY
$48.7B
| – | – |
-776,952
| Closed | -$19.7M |
|
27
Eastman Chemical
EMN
$8.45B
| – | – |
-186,000
| Closed | -$15.2M |
|
|
28
Freeport-McMoran
FCX
$96.7B
| – | – |
-3,547,000
| Closed | -$66M |
|
|
29
SPDR Gold Trust
GLD
$132B
| – | – |
-2,880,000
| Closed | -$310M |
|
|
30
Halliburton
HAL
$27B
| – | – |
-1,547,000
| Closed | -$66.6M |
|
31
JPMorgan Chase
JPM
$950B
| – | – |
-777,300
| Closed | -$52.7M |
|
|
32
LyondellBasell Industries
LYB
$19.7B
| – | – |
-716,950
| Closed | -$74.2M |
|
33
Newmont
NEM
$103B
| – | – |
-1,279,900
| Closed | -$29.9M |
|
34
PNC Financial Services
PNC
$101B
| – | – |
-204,600
| Closed | -$19.6M |
|
35
Truist Financial
TFC
$64.3B
| – | – |
-485,600
| Closed | -$19.6M |
|
|
NBL
36
DELISTED
Noble Energy, Inc.
NBL
| – | – |
-315,200
| Closed | -$13.5M |
|
|
STI
37
DELISTED
SunTrust Banks, Inc.
STI
| – | – |
-457,100
| Closed | -$19.7M |
|
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Stanley Druckenmiller's Q3 2015 Portfolio in Review
As of Q3 2015, Stanley Druckenmiller held 37 positions worth $1.18B, down 21% from $1.48B the previous quarter. Its ten largest holdings account for 87% of the portfolio.
Stanley Druckenmiller withdrew a net $255M in Q3 2015, closing 18 positions and reducing 6 holdings. Its most notable exit was SPDR Gold Trust, an estimated $310M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 31% of assets, up from 11% a quarter earlier, followed by Consumer Discretionary and Financials.
Against the trend, Stanley Druckenmiller opened a new position in Amazon worth $49.8M.
- Stanley Druckenmiller's largest Q3 2015 buy was Amazon: 1,946,000 shares worth $49.8M.
- Stanley Druckenmiller added most to Meta Platforms (Facebook) in Q3 2015, an estimated $204M increase.
- Stanley Druckenmiller's biggest Q3 2015 reduction was DuPont de Nemours, cutting an estimated $42.4M.
- Stanley Druckenmiller fully exited SPDR Gold Trust in Q3 2015, selling an estimated $310M.
- Stanley Druckenmiller's ten largest holdings make up 87% of its $1.18B portfolio in Q3 2015.
- Stanley Druckenmiller opened 8 new positions and closed 18 in Q3 2015.
- Stanley Druckenmiller's portfolio value fell 21% quarter-over-quarter to $1.18B.
Based on Duquesne Family Office's 13F filing for Q3 2015, filed 13 Nov 2015.