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 |
EOG Resources
EOG
|
+$52.9M |
| 2 |
Wells Fargo
WFC
|
+$48M |
| 3 |
Bank of America
BAC
|
+$47.3M |
| 4 |
Devon Energy
DVN
|
+$38.2M |
| 5 |
APA Corp
APA
|
+$38M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Booking.com
BKNG
|
+$136M |
| 2 |
Alibaba
BABA
|
+$134M |
| 3 |
Electronic Arts
EA
|
+$84.3M |
| 4 |
Citigroup
C
|
+$79.7M |
| 5 |
Expedia Group
EXPE
|
+$46.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 27.02% |
| 2 | Communication Services | 25.08% |
| 3 | Consumer Discretionary | 13.82% |
| 4 | Energy | 12.11% |
| 5 | Healthcare | 8.82% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Vale
VALE
$63.3B
| $20.4M | 1.03% |
1,666,600
-812,200
| -33% | -$8.62M |
|
27
HDFC Bank
HDB
$123B
| $13M | 0.66% |
512,800
| – | – |
|
28
Ovintiv
OVV
$16.8B
| $11.3M | 0.57% |
+169,280
| New | +$9.99M |
|
|
NBIS
29
Nebius Group N.V.
NBIS
$57B
| $9.96M | 0.5% |
+304,000
| New | +$9.92M |
|
|
LOMA
30
Loma Negra
LOMA
$1.3B
| $3.46M | 0.17% |
+150,000
| New | +$3.31M |
|
|
31
Alibaba
BABA
$310B
| – | – |
-777,400
| Closed | -$134M |
|
|
BNY
32
Bank of New York Mellon
BNY
$107B
| – | – |
-376,000
| Closed | -$19.9M |
|
|
33
Booking.com
BKNG
$149B
| – | – |
-1,852,250
| Closed | -$136M |
|
|
34
Citigroup
C
$229B
| – | – |
-1,095,200
| Closed | -$79.7M |
|
35
Chubb
CB
$134B
| – | – |
-206,600
| Closed | -$29.5M |
|
36
CF Industries
CF
$18.2B
| – | – |
-391,900
| Closed | -$13.8M |
|
|
DESP
37
DELISTED
Despegar.com
DESP
| – | – |
-300,000
| Closed | -$9.6M |
|
|
38
Electronic Arts
EA
$53B
| – | – |
-713,900
| Closed | -$84.3M |
|
|
39
Expedia Group
EXPE
$37.1B
| – | – |
-323,884
| Closed | -$46.6M |
|
40
Galicia Financial Group
GGAL
$7.96B
| – | – |
-200,000
| Closed | -$10.3M |
|
41
iShares Biotechnology ETF
IBB
$9.35B
| – | – |
-332,100
| Closed | -$36.9M |
|
42
Incyte
INCY
$24.3B
| – | – |
-75,400
| Closed | -$8.8M |
|
43
Las Vegas Sands
LVS
$29.8B
| – | – |
-614,500
| Closed | -$39.4M |
|
44
Mastercard
MA
$501B
| – | – |
-165,200
| Closed | -$23.3M |
|
45
Netflix
NFLX
$305B
| – | – |
-1,145,000
| Closed | -$20.8M |
|
46
NVIDIA
NVDA
$5.12T
| – | – |
-3,660,000
| Closed | -$16.4M |
|
47
Regeneron Pharmaceuticals
REGN
$78.3B
| – | – |
-31,800
| Closed | -$14.2M |
|
48
Visa
V
$691B
| – | – |
-216,400
| Closed | -$22.8M |
|
49
Yum China
YUMC
$16.5B
| – | – |
-597,200
| Closed | -$23.9M |
|
|
PX
50
DELISTED
Praxair Inc
PX
| – | – |
-184,700
| Closed | -$25.8M |
|
Similar funds
Stanley Druckenmiller's Q4 2017 Portfolio in Review
As of Q4 2017, Stanley Druckenmiller held 53 positions worth $1.98B, down 9.8% from $2.2B the previous quarter. Its ten largest holdings account for 74% of the portfolio.
Stanley Druckenmiller withdrew a net $410M in Q4 2017, closing 23 positions and reducing 5 holdings. Its most notable exit was Booking.com, an estimated $136M position sold in full.
By sector, the portfolio is most concentrated in Technology at 27% of assets, up from 23% a quarter earlier, followed by Communication Services and Consumer Discretionary.
Against the trend, Stanley Druckenmiller opened a new position in EOG Resources worth $56.6M.
- Stanley Druckenmiller's largest Q4 2017 buy was EOG Resources: 524,700 shares worth $56.6M.
- Stanley Druckenmiller added most to Microsoft in Q4 2017, an estimated $26.4M increase.
- Stanley Druckenmiller's biggest Q4 2017 reduction was JD.com, cutting an estimated $42.8M.
- Stanley Druckenmiller fully exited Booking.com in Q4 2017, selling an estimated $136M.
- Stanley Druckenmiller's ten largest holdings make up 74% of its $1.98B portfolio in Q4 2017.
- Stanley Druckenmiller opened 16 new positions and closed 23 in Q4 2017.
- Stanley Druckenmiller's portfolio value fell 9.8% quarter-over-quarter to $1.98B.
Based on Duquesne Family Office's 13F filing for Q4 2017, filed 14 Feb 2018.