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 |
Uber
UBER
|
+$114M |
| 2 |
Salesforce
CRM
|
+$75.6M |
| 3 |
PG&E
PCG
|
+$61.3M |
| 4 |
B
Barrick Mining
B
|
+$52.8M |
| 5 |
Snap
SNAP
|
+$48.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI Emerging Markets ETF
EEM
|
+$196M |
| 2 |
iShares Biotechnology ETF
IBB
|
+$88.5M |
| 3 |
Alphabet (Google) Class A
GOOGL
|
+$86M |
| 4 |
T-Mobile US
TMUS
|
+$85.4M |
| 5 |
Intuitive Surgical
ISRG
|
+$74.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 44.82% |
| 2 | Consumer Discretionary | 21.42% |
| 3 | Communication Services | 10.47% |
| 4 | Healthcare | 5.87% |
| 5 | Financials | 5.25% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Sea Limited
SE
$68.3B
| $53.1M | 1.58% |
1,599,905
+1,578,705
| +7,447% | +$42.8M |
|
27
JD.com
JD
$44.5B
| $39.4M | 1.17% |
+1,299,213
| New | +$37.4M |
|
28
Merck
MRK
$316B
| $39.2M | 1.16% |
489,626
+210,544
| +75% | +$16.1M |
|
|
I
29
DELISTED
INTELSAT S. A.
I
| $26.5M | 0.79% |
+1,364,570
| New | +$26.4M |
|
30
Marathon Petroleum
MPC
$91.3B
| $22.9M | 0.68% |
410,100
-130,900
| -24% | -$7.16M |
|
31
Agnico Eagle Mines
AEM
$76.3B
| $21.5M | 0.64% |
+419,400
| New | +$18.3M |
|
|
XYZ
32
Block Inc
XYZ
$50.4B
| $21.3M | 0.63% |
+293,838
| New | +$20.5M |
|
33
Incyte
INCY
$24.4B
| $17.2M | 0.51% |
202,400
| – | – |
|
34
New Fortress Energy
NFE
$99M
| $14.1M | 0.42% |
1,200,000
| – | – |
|
|
INFO
35
DELISTED
IHS Markit Ltd. Common Shares
INFO
| $12M | 0.36% |
188,000
-56,500
| -23% | -$3.24M |
|
|
CTRA
36
DELISTED
Coterra Energy
CTRA
| $9.08M | 0.27% |
395,500
| – | – |
|
37
Micron Technology
MU
$1.01T
| $8.9M | 0.26% |
230,613
-249,687
| -52% | -$9.51M |
|
38
Palo Alto Networks
PANW
$299B
| $8.29M | 0.25% |
+244,200
| New | +$9.13M |
|
39
Meta Platforms (Facebook)
META
$1.5T
| $6.74M | 0.2% |
34,941
-26,724
| -43% | -$4.88M |
|
|
40
PUT
JD.com
JD
$44.5B
| $6.06M | 0.18% |
+200,000
| New | +$5.75M |
|
|
DOCU
41
DocuSign
DOCU
$11B
| $5.65M | 0.17% |
113,700
-217,710
| -66% | -$11.6M |
|
42
Corpay
CPAY
$25.9B
| $4.96M | 0.15% |
17,660
+3,055
| +21% | +$800K |
|
43
Cheniere Energy
LNG
$53.9B
| $4.69M | 0.14% |
68,530
-542,670
| -89% | -$35.9M |
|
|
RP
44
DELISTED
RealPage, Inc.
RP
| $4.4M | 0.13% |
74,750
+16,060
| +27% | +$973K |
|
45
Autodesk
ADSK
$50.1B
| $3.87M | 0.11% |
23,762
-7,538
| -24% | -$1.27M |
|
46
Eagle Materials
EXP
$6.63B
| $3.72M | 0.11% |
40,150
+9,450
| +31% | +$833K |
|
47
Fox Class A
FOXA
$24.8B
| $3.1M | 0.09% |
+84,655
| New | +$3.11M |
|
|
ZEN
48
DELISTED
ZENDESK INC
ZEN
| $3.04M | 0.09% |
+34,102
| New | +$2.93M |
|
|
AYX
49
DELISTED
Alteryx Inc
AYX
| $2.44M | 0.07% |
+22,373
| New | +$2.04M |
|
50
Spotify
SPOT
$98.3B
| $2.04M | 0.06% |
13,967
-145,538
| -91% | -$20M |
|
Similar funds
Stanley Druckenmiller's Q2 2019 Portfolio in Review
As of Q2 2019, Stanley Druckenmiller held 81 positions worth $3.37B, down 2.3% from $3.45B the previous quarter. Its ten largest holdings account for 60% of the portfolio.
Stanley Druckenmiller withdrew a net $356M in Q2 2019, closing 20 positions and reducing 23 holdings. Its most notable exit was iShares Biotechnology ETF, an estimated $88.5M position sold in full.
By sector, the portfolio is most concentrated in Technology at 45% of assets, up from 37% a quarter earlier, followed by Consumer Discretionary and Communication Services.
Against the trend, Stanley Druckenmiller opened a new position in Uber worth $125M.
- Stanley Druckenmiller's largest Q2 2019 buy was Uber: 2,689,840 shares worth $125M.
- Stanley Druckenmiller added most to Snap in Q2 2019, an estimated $48.8M increase.
- Stanley Druckenmiller's biggest Q2 2019 reduction was iShares MSCI Emerging Markets ETF, cutting an estimated $196M.
- Stanley Druckenmiller fully exited iShares Biotechnology ETF in Q2 2019, selling an estimated $88.5M.
- Stanley Druckenmiller's ten largest holdings make up 60% of its $3.37B portfolio in Q2 2019.
- Stanley Druckenmiller opened 20 new positions and closed 20 in Q2 2019.
- Stanley Druckenmiller's portfolio value fell 2.3% quarter-over-quarter to $3.37B.
Based on Duquesne Family Office's 13F filing for Q2 2019, filed 14 Aug 2019.