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
|
+$101M |
| 2 |
Alibaba
BABA
|
+$87.7M |
| 3 |
Alphabet (Google) Class A
GOOGL
|
+$69.5M |
| 4 |
Microsoft
MSFT
|
+$69.2M |
| 5 |
Comcast
CMCSA
|
+$50.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
LyondellBasell Industries
LYB
|
+$106M |
| 2 |
iShares MSCI Emerging Markets ETF
EEM
|
+$98.4M |
| 3 |
B
Barrick Mining
B
|
+$54.1M |
| 4 |
Bank of America
BAC
|
+$49.8M |
| 5 |
Alcoa
AA
|
+$47.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 30.77% |
| 2 | Communication Services | 26.99% |
| 3 | Technology | 23.88% |
| 4 | Financials | 5.42% |
| 5 | Healthcare | 4.94% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
AC Immune
ACIU
$229M
| $21M | 1.13% |
2,388,700
| – | – |
|
27
Delta Air Lines
DAL
$61.1B
| $21M | 1.13% |
+391,000
| New | +$19.2M |
|
28
Visa
V
$691B
| $20.3M | 1.09% |
+216,400
| New | +$20.1M |
|
29
American Airlines Group
AAL
$10.9B
| $20.1M | 1.08% |
400,000
+196,900
| +97% | +$9.15M |
|
30
Mastercard
MA
$501B
| $20.1M | 1.08% |
+165,200
| New | +$19.6M |
|
31
United Airlines
UAL
$43.3B
| $18.3M | 0.98% |
243,500
+111,900
| +85% | +$8.45M |
|
32
SBA Communications
SBAC
$19.7B
| $15.1M | 0.81% |
+112,000
| New | +$14.6M |
|
33
Crown Castle
CCI
$34.1B
| $14.8M | 0.79% |
+148,000
| New | +$14.5M |
|
34
HDFC Bank
HDB
$123B
| $11.2M | 0.6% |
+512,800
| New | +$10.7M |
|
|
35
Alcoa
AA
$12.3B
| – | – |
-1,370,511
| Closed | -$47.1M |
|
36
Agnico Eagle Mines
AEM
$76.9B
| – | – |
-882,900
| Closed | -$37.5M |
|
|
37
Bank of America
BAC
$442B
| – | – |
-2,110,300
| Closed | -$49.8M |
|
|
CTRA
38
DELISTED
Coterra Energy
CTRA
| – | – |
-955,588
| Closed | -$22.8M |
|
|
39
iShares MSCI Emerging Markets ETF
EEM
$29.7B
| – | – |
-2,499,000
| Closed | -$98.4M |
|
40
EQT Corp
EQT
$33.1B
| – | – |
-261,221
| Closed | -$8.69M |
|
41
Gen Digital
GEN
$16.9B
| – | – |
-551,500
| Closed | -$16.9M |
|
|
B
42
Barrick Mining
B
$64.2B
| – | – |
-2,850,000
| Closed | -$54.1M |
|
43
Halliburton
HAL
$27B
| – | – |
-301,600
| Closed | -$14.8M |
|
44
Cheniere Energy
LNG
$54.1B
| – | – |
-446,145
| Closed | -$21.1M |
|
|
45
LyondellBasell Industries
LYB
$19.6B
| – | – |
-1,158,300
| Closed | -$106M |
|
46
Netflix
NFLX
$305B
| – | – |
-706,000
| Closed | -$10.4M |
|
47
Nucor
NUE
$62.2B
| – | – |
-157,000
| Closed | -$9.38M |
|
|
P
48
Everpure Inc
P
$28.8B
| – | – |
-926,133
| Closed | -$9.1M |
|
49
Rockwell Automation
ROK
$49.3B
| – | – |
-99,000
| Closed | -$15.4M |
|
50
T-Mobile US
TMUS
$189B
| – | – |
-242,700
| Closed | -$15.7M |
|
Similar funds
Stanley Druckenmiller's Q2 2017 Portfolio in Review
As of Q2 2017, Stanley Druckenmiller held 58 positions worth $1.87B, up 22% from $1.52B the previous quarter. Its ten largest holdings account for 62% of the portfolio.
Stanley Druckenmiller deployed $239M of net new capital in Q2 2017, opening 11 new positions and adding to 20 existing holdings. Its largest new stake was Alibaba: 710,200 shares worth $100M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 31% of assets, up from 16% a quarter earlier, followed by Communication Services and Technology.
On the sell side, the largest reduction was PTC, an estimated $20.9M trimmed.
- Stanley Druckenmiller's largest Q2 2017 buy was Alibaba: 710,200 shares worth $100M.
- Stanley Druckenmiller added most to Meta Platforms (Facebook) in Q2 2017, an estimated $101M increase.
- Stanley Druckenmiller's biggest Q2 2017 reduction was PTC, cutting an estimated $20.9M.
- Stanley Druckenmiller fully exited LyondellBasell Industries in Q2 2017, selling an estimated $106M.
- Stanley Druckenmiller's ten largest holdings make up 62% of its $1.87B portfolio in Q2 2017.
- Stanley Druckenmiller opened 11 new positions and closed 24 in Q2 2017.
- Stanley Druckenmiller's portfolio value rose 22% quarter-over-quarter to $1.87B.
Based on Duquesne Family Office's 13F filing for Q2 2017, filed 14 Aug 2017.