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 |
iShares Biotechnology ETF
IBB
|
+$100M |
| 2 |
PayPal
PYPL
|
+$64.1M |
| 3 |
Microsoft
MSFT
|
+$58.4M |
| 4 |
Abbott
ABT
|
+$48.1M |
| 5 |
Citigroup
C
|
+$47.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$162M |
| 2 |
Alibaba
BABA
|
+$128M |
| 3 |
Amazon
AMZN
|
+$69.5M |
| 4 |
Netflix
NFLX
|
+$67M |
| 5 |
STMP
Stamps.com, Inc.
STMP
|
+$35.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 42.95% |
| 2 | Communication Services | 14.31% |
| 3 | Consumer Discretionary | 13.86% |
| 4 | Healthcare | 12.41% |
| 5 | Financials | 5.46% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
COUP
26
DELISTED
Coupa Software Incorporated
COUP
| $11.1M | 0.53% |
140,100
-24,800
| -15% | -$1.72M |
|
|
GWPH
27
DELISTED
GW Pharmaceuticals Plc American Depositary Shares
GWPH
| $10.7M | 0.51% |
+62,100
| New | +$8.96M |
|
28
Cenovus Energy
CVE
$53B
| $9.89M | 0.47% |
986,300
| – | – |
|
|
PTLA
29
DELISTED
Portola Pharmaceuticals, Inc.
PTLA
| $9.26M | 0.44% |
+347,700
| New | +$11.4M |
|
|
ITCI
30
DELISTED
Intra-Cellular Therapies Inc.
ITCI
| $6.45M | 0.31% |
296,986
| – | – |
|
|
SPLK
31
DELISTED
Splunk Inc
SPLK
| $5.82M | 0.28% |
48,100
-294,500
| -86% | -$32.6M |
|
32
Autodesk
ADSK
$50.1B
| $5.39M | 0.26% |
34,500
-219,800
| -86% | -$31M |
|
|
KSU
33
DELISTED
Kansas City Southern
KSU
| $4.46M | 0.21% |
+39,380
| New | +$4.49M |
|
|
34
Meta Platforms (Facebook)
META
$1.5T
| $3.55M | 0.17% |
21,600
-896,400
| -98% | -$162M |
|
35
Mastercard
MA
$500B
| $3.11M | 0.15% |
+13,980
| New | +$2.92M |
|
|
STMP
36
DELISTED
Stamps.com, Inc.
STMP
| $2.92M | 0.14% |
12,930
-141,670
| -92% | -$35.4M |
|
37
Hilton Worldwide
HLT
$70.2B
| $1.99M | 0.09% |
+24,600
| New | +$1.94M |
|
|
38
Netflix
NFLX
$306B
| $1.95M | 0.09% |
52,000
-1,845,000
| -97% | -$67M |
|
39
Corpay
CPAY
$25.9B
| $1.02M | 0.05% |
+4,500
| New | +$983K |
|
40
Bank of America
BAC
$440B
| $27K | ﹤0.01% |
+900
| New | +$27.4K |
|
41
Devon Energy
DVN
$50.8B
| – | – |
-740,700
| Closed | -$32.6M |
|
42
Freeport-McMoran
FCX
$96.7B
| – | – |
-858,000
| Closed | -$14.8M |
|
43
Mercado Libre
MELI
$95.7B
| – | – |
-16,900
| Closed | -$5.05M |
|
44
Marathon Petroleum
MPC
$91.3B
| – | – |
-496,400
| Closed | -$34.8M |
|
45
Nabors Industries
NBR
$1.24B
| – | – |
-23,520
| Closed | -$7.54M |
|
46
PagSeguro Digital
PAGS
$2.66B
| – | – |
-215,000
| Closed | -$5.97M |
|
47
TAL Education Group
TAL
$6.65B
| – | – |
-682,000
| Closed | -$25.1M |
|
48
Trip.com Group
TCOM
$29.5B
| – | – |
-421,100
| Closed | -$20.1M |
|
|
XYZ
49
Block Inc
XYZ
$50.4B
| – | – |
-247,000
| Closed | -$15.2M |
|
|
CLVS
50
DELISTED
Clovis Oncology, Inc.
CLVS
| – | – |
-482,000
| Closed | -$21.9M |
|
Similar funds
Stanley Druckenmiller's Q3 2018 Portfolio in Review
As of Q3 2018, Stanley Druckenmiller held 51 positions worth $2.1B, up 1.6% from $2.07B the previous quarter. Its ten largest holdings account for 77% of the portfolio.
Stanley Druckenmiller withdrew a net $142M in Q3 2018, closing 11 positions and reducing 12 holdings. Its most notable exit was Marathon Petroleum, an estimated $34.8M position sold in full.
By sector, the portfolio is most concentrated in Technology at 43% of assets, up from 37% a quarter earlier, followed by Communication Services and Consumer Discretionary.
Against the trend, Stanley Druckenmiller opened a new position in PayPal worth $63.9M.
- Stanley Druckenmiller's largest Q3 2018 buy was PayPal: 727,500 shares worth $63.9M.
- Stanley Druckenmiller added most to iShares Biotechnology ETF in Q3 2018, an estimated $100M increase.
- Stanley Druckenmiller's biggest Q3 2018 reduction was Meta Platforms (Facebook), cutting an estimated $162M.
- Stanley Druckenmiller fully exited Marathon Petroleum in Q3 2018, selling an estimated $34.8M.
- Stanley Druckenmiller's ten largest holdings make up 77% of its $2.1B portfolio in Q3 2018.
- Stanley Druckenmiller opened 18 new positions and closed 11 in Q3 2018.
- Stanley Druckenmiller's portfolio value rose 1.6% quarter-over-quarter to $2.1B.
Based on Duquesne Family Office's 13F filing for Q3 2018, filed 14 Nov 2018.