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 |
Citigroup
C
|
+$74.8M |
| 2 |
Workday
WDAY
|
+$55.2M |
| 3 |
Alphabet (Google) Class A
GOOGL
|
+$54.3M |
| 4 |
Salesforce
CRM
|
+$40.9M |
| 5 |
JD.com
JD
|
+$35.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Comcast
CMCSA
|
+$76.6M |
| 2 |
Merck
MRK
|
+$48.4M |
| 3 |
ServiceNow
NOW
|
+$45.4M |
| 4 |
Autodesk
ADSK
|
+$35.1M |
| 5 |
POT
Potash Corp Of Saskatchewan
POT
|
+$26.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 31.27% |
| 2 | Communication Services | 23.47% |
| 3 | Technology | 22.94% |
| 4 | Financials | 11.69% |
| 5 | Healthcare | 5.48% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Visa
V
$691B
| $22.8M | 1.04% |
216,400
| – | – |
|
27
Netflix
NFLX
$305B
| $20.8M | 0.94% |
+1,145,000
| New | +$20M |
|
|
BNY
28
Bank of New York Mellon
BNY
$107B
| $19.9M | 0.91% |
+376,000
| New | +$19.7M |
|
29
NVIDIA
NVDA
$5.12T
| $16.4M | 0.74% |
+3,660,000
| New | +$15.2M |
|
30
Biogen
BIIB
$30.7B
| $15M | 0.68% |
+48,000
| New | +$14.2M |
|
31
Regeneron Pharmaceuticals
REGN
$78.3B
| $14.2M | 0.65% |
+31,800
| New | +$15.1M |
|
32
CF Industries
CF
$18.2B
| $13.8M | 0.63% |
+391,900
| New | +$12.1M |
|
33
HDFC Bank
HDB
$123B
| $12.4M | 0.56% |
512,800
| – | – |
|
|
POT
34
DELISTED
Potash Corp Of Saskatchewan
POT
| $11.7M | 0.53% |
609,900
-1,483,600
| -71% | -$26.4M |
|
35
Galicia Financial Group
GGAL
$7.96B
| $10.3M | 0.47% |
+200,000
| New | +$8.56M |
|
|
DESP
36
DELISTED
Despegar.com
DESP
| $9.6M | 0.44% |
+300,000
| New | +$9.56M |
|
37
Incyte
INCY
$24.3B
| $8.8M | 0.4% |
+75,400
| New | +$9.54M |
|
38
American Airlines Group
AAL
$10.9B
| – | – |
-400,000
| Closed | -$20.1M |
|
|
39
Autodesk
ADSK
$49.7B
| – | – |
-347,800
| Closed | -$35.1M |
|
40
Crown Castle
CCI
$34.1B
| – | – |
-148,000
| Closed | -$14.8M |
|
|
41
Comcast
CMCSA
$87.8B
| – | – |
-1,968,400
| Closed | -$76.6M |
|
42
Delta Air Lines
DAL
$61.1B
| – | – |
-391,000
| Closed | -$21M |
|
|
43
Merck
MRK
$318B
| – | – |
-791,764
| Closed | -$48.4M |
|
|
44
ServiceNow
NOW
$120B
| – | – |
-2,140,000
| Closed | -$45.4M |
|
45
NetEase
NTES
$83.5B
| – | – |
-428,500
| Closed | -$25.8M |
|
46
PTC
PTC
$15.2B
| – | – |
-449,600
| Closed | -$24.8M |
|
47
SBA Communications
SBAC
$19.7B
| – | – |
-112,000
| Closed | -$15.1M |
|
48
United Airlines
UAL
$43.3B
| – | – |
-243,500
| Closed | -$18.3M |
|
Similar funds
Stanley Druckenmiller's Q3 2017 Portfolio in Review
As of Q3 2017, Stanley Druckenmiller held 48 positions worth $2.2B, up 18% from $1.87B the previous quarter. Its ten largest holdings account for 65% of the portfolio.
Stanley Druckenmiller deployed $204M of net new capital in Q3 2017, opening 14 new positions and adding to 9 existing holdings. Its largest new stake was Citigroup: 1,095,200 shares worth $79.7M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 31% of assets, up from 31% a quarter earlier, followed by Communication Services and Technology.
On the sell side, the largest reduction was Potash Corp Of Saskatchewan, an estimated $26.4M trimmed.
- Stanley Druckenmiller's largest Q3 2017 buy was Citigroup: 1,095,200 shares worth $79.7M.
- Stanley Druckenmiller added most to Workday in Q3 2017, an estimated $55.2M increase.
- Stanley Druckenmiller's biggest Q3 2017 reduction was Potash Corp Of Saskatchewan, cutting an estimated $26.4M.
- Stanley Druckenmiller fully exited Comcast in Q3 2017, selling an estimated $76.6M.
- Stanley Druckenmiller's ten largest holdings make up 65% of its $2.2B portfolio in Q3 2017.
- Stanley Druckenmiller opened 14 new positions and closed 11 in Q3 2017.
- Stanley Druckenmiller's portfolio value rose 18% quarter-over-quarter to $2.2B.
Based on Duquesne Family Office's 13F filing for Q3 2017, filed 14 Nov 2017.