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 |
Halliburton
HAL
|
+$89.6M |
| 2 |
AbbVie
ABBV
|
+$80.7M |
| 3 |
Freeport-McMoran
FCX
|
+$38.4M |
| 4 |
Alcoa
AA
|
+$33M |
| 5 |
Deere & Co
DE
|
+$29.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$126M |
| 2 |
Coca-Cola
KO
|
+$64.4M |
| 3 |
Philip Morris
PM
|
+$54.4M |
| 4 |
Southern Company
SO
|
+$52.6M |
| 5 |
Duke Energy
DUK
|
+$52.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Materials | 24.47% |
| 2 | Healthcare | 14.89% |
| 3 | Communication Services | 12.24% |
| 4 | Energy | 12.02% |
| 5 | Industrials | 9.7% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
RTN
26
DELISTED
Raytheon Company
RTN
| $10.5M | 1.2% |
+77,100
| New | +$10M |
|
|
MJN
27
DELISTED
Mead Johnson Nutrition Company
MJN
| $10M | 1.15% |
+110,300
| New | +$9.34M |
|
28
Nucor
NUE
$62.2B
| $9.93M | 1.14% |
+201,000
| New | +$9.8M |
|
29
Agilent Technologies
A
$39.2B
| $9.77M | 1.12% |
+220,300
| New | +$9.5M |
|
30
Eastman Chemical
EMN
$8.4B
| $8.9M | 1.02% |
+131,100
| New | +$9.63M |
|
31
Williams Companies
WMB
$88.5B
| $6.02M | 0.69% |
278,400
| – | – |
|
32
American Electric Power
AEP
$69.9B
| – | – |
-160,200
| Closed | -$10.6M |
|
33
Caterpillar
CAT
$407B
| – | – |
-330,000
| Closed | -$25.3M |
|
|
34
Duke Energy
DUK
$96.9B
| – | – |
-649,100
| Closed | -$52.4M |
|
35
Consolidated Edison
ED
$40B
| – | – |
-141,900
| Closed | -$10.9M |
|
36
Estee Lauder
EL
$31.3B
| – | – |
-111,900
| Closed | -$10.6M |
|
37
Emerson Electric
EMR
$86.3B
| – | – |
-551,000
| Closed | -$30M |
|
38
CALL
SPDR Gold Trust
GLD
$133B
| – | – |
-2,016,000
| Closed | -$237M |
|
39
Alphabet (Google) Class A
GOOGL
$4.63T
| – | – |
-1,114,000
| Closed | -$42.5M |
|
40
Home Depot
HD
$349B
| – | – |
-150,700
| Closed | -$20.1M |
|
41
JD.com
JD
$44.5B
| – | – |
-356,400
| Closed | -$9.45M |
|
|
42
Coca-Cola
KO
$372B
| – | – |
-1,388,900
| Closed | -$64.4M |
|
43
Southwest Airlines
LUV
$23.9B
| – | – |
-493,000
| Closed | -$22.1M |
|
44
McDonald's
MCD
$190B
| – | – |
-158,200
| Closed | -$19.9M |
|
45
Microsoft
MSFT
$3.68T
| – | – |
-517,100
| Closed | -$28.6M |
|
46
PepsiCo
PEP
$189B
| – | – |
-353,300
| Closed | -$36.2M |
|
|
47
Philip Morris
PM
$289B
| – | – |
-554,800
| Closed | -$54.4M |
|
|
PPL
48
PPL Corp
PPL
$26.5B
| – | – |
-974,700
| Closed | -$37.1M |
|
|
49
Southern Company
SO
$107B
| – | – |
-1,017,400
| Closed | -$52.6M |
|
50
Verizon
VZ
$195B
| – | – |
-400,000
| Closed | -$21.6M |
|
Similar funds
Stanley Druckenmiller's Q2 2016 Portfolio in Review
As of Q2 2016, Stanley Druckenmiller held 53 positions worth $871M, down 35% from $1.34B the previous quarter. Its ten largest holdings account for 63% of the portfolio.
Stanley Druckenmiller withdrew a net $508M in Q2 2016, closing 22 positions and reducing 3 holdings. Its most notable exit was Coca-Cola, an estimated $64.4M position sold in full.
By sector, the portfolio is most concentrated in Materials at 24% of assets, up from 3% a quarter earlier, followed by Healthcare and Communication Services.
Against the trend, Stanley Druckenmiller opened a new position in Halliburton worth $98.6M.
- Stanley Druckenmiller's largest Q2 2016 buy was Halliburton: 2,177,600 shares worth $98.6M.
- Stanley Druckenmiller added most to HDFC Bank in Q2 2016, an estimated $6.77M increase.
- Stanley Druckenmiller's biggest Q2 2016 reduction was Meta Platforms (Facebook), cutting an estimated $126M.
- Stanley Druckenmiller fully exited Coca-Cola in Q2 2016, selling an estimated $64.4M.
- Stanley Druckenmiller's ten largest holdings make up 63% of its $871M portfolio in Q2 2016.
- Stanley Druckenmiller opened 20 new positions and closed 22 in Q2 2016.
- Stanley Druckenmiller's portfolio value fell 35% quarter-over-quarter to $871M.
Based on Duquesne Family Office's 13F filing for Q2 2016, filed 15 Aug 2016.