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Stanley Druckenmiller

Stanley Druckenmiller Duquesne Family Office

AUM $3.38B
1-Year Est. Return 61.92%
 

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.

This Fund
S&P 500
This Quarter Est. Return
-3.08%
1 Year Est. Return
+61.92%
3 Year Est. Return
+280.57%
5 Year Est. Return
+393.65%
10 Year Est. Return
+4,147.23%
AUM
$2.57B
AUM Growth
-$799M
Cap. Flow
-$668M
Cap. Flow %
-26%
Top 10 Hldgs %
64.59%
Holding
75
New
14
Increased
15
Reduced
13
Closed
32

Top Buys

Rank Stock Value
1
NOW icon
ServiceNow
NOW
+$83.5M
2
GE icon
GE Aerospace
GE
+$81.6M
3
SHOP icon
Shopify
SHOP
+$72.8M
4
PLAN
Anaplan, Inc.
PLAN
+$71.8M
5
AYX
Alteryx Inc
AYX
+$50.5M

Top Sells

Rank Stock Value
1
MSFT icon
Microsoft
MSFT
+$169M
2
ADBE icon
Adobe
ADBE
+$142M
3
EEM icon
iShares MSCI Emerging Markets ETF
EEM
+$103M
4
BABA icon
Alibaba
BABA
+$95.8M
5
UBER icon
Uber
UBER
+$94.9M

Sector Composition

Rank Sector Weight
1 Technology 48.11%
2 Consumer Discretionary 23.82%
3 Financials 5.66%
4 Communication Services 5.21%
5 Industrials 5.16%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EA icon
26
Electronic Arts
EA
$52.9B
$15.8M 0.61%
+161,500
New +$15.2M
GE icon
27
CALL
GE Aerospace
GE
$391B
$15.4M 0.6%
+345,918
New +$16.3M
ISRG icon
28
Intuitive Surgical
ISRG
$130B
$15M 0.58%
+83,400
New +$14.4M
SMAR
29
DELISTED
Smartsheet Inc.
SMAR
$13.9M 0.54%
386,510
+349,770
+952% +$16.7M
RETA
30
DELISTED
Reata Pharmaceuticals, Inc. Class A Common Stock
RETA
$13.9M 0.54%
+173,285
New +$14.7M
TWLO icon
31
Twilio
TWLO
$29.5B
$12.5M 0.48%
113,315
+98,675
+674% +$12.8M
ADBE icon
32
Adobe
ADBE
$102B
$8.45M 0.33%
30,592
-485,379
-94% -$142M
EXP icon
33
Eagle Materials
EXP
$6.63B
$6.97M 0.27%
77,487
+37,337
+93% +$3.2M
RP
34
DELISTED
RealPage, Inc.
RP
$5.19M 0.2%
82,543
+7,793
+10% +$488K
UBER icon
35
Uber
UBER
$147B
$5.08M 0.2%
166,882
-2,522,958
-94% -$94.9M
ZM icon
36
Zoom
ZM
$29.9B
$4.7M 0.18%
+61,700
New +$5.56M
CRWD icon
37
CrowdStrike
CRWD
$215B
$4.66M 0.18%
+319,760
New +$6.35M
TEAM icon
38
Atlassian
TEAM
$28B
$3.23M 0.13%
25,755
+15,720
+157% +$2.14M
MA icon
39
Mastercard
MA
$500B
$3.02M 0.12%
11,115
-222,885
-95% -$61.4M
W icon
40
Wayfair
W
$15.3B
$3M 0.12%
26,785
+14,280
+114% +$1.83M
NEWR
41
DELISTED
New Relic, Inc.
NEWR
$2.94M 0.11%
+47,885
New +$3.46M
FSLY icon
42
Fastly Inc
FSLY
$3.9B
$2.73M 0.11%
+113,826
New +$2.68M
SAIL
43
DELISTED
SailPoint Technologies Holdings, Inc. Common Stock
SAIL
$297K 0.01%
15,870
-18,000
-53% -$382K
ADSK icon
44
Autodesk
ADSK
$50.1B
– –
-23,762
Closed -$3.87M
CRM icon
45
Salesforce
CRM
$156B
– –
-482,103
Closed -$73.1M
CTRA
46
DELISTED
Coterra Energy
CTRA
– –
-395,500
Closed -$9.08M
DOCU
47
DocuSign
DOCU
$11B
– –
-113,700
Closed -$5.65M
EEM icon
48
iShares MSCI Emerging Markets ETF
EEM
$29.7B
– –
-2,410,500
Closed -$103M
FOXA icon
49
Fox Class A
FOXA
$24.8B
– –
-84,655
Closed -$3.1M
ILMN icon
50
Illumina
ILMN
$30.7B
– –
-175,582
Closed -$62.9M
1
2
3

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Stanley Druckenmiller's Q3 2019 Portfolio in Review

As of Q3 2019, Stanley Druckenmiller held 75 positions worth $2.57B, down 24% from $3.37B the previous quarter. Its ten largest holdings account for 65% of the portfolio.

Stanley Druckenmiller withdrew a net $668M in Q3 2019, closing 32 positions and reducing 13 holdings. Its most notable exit was iShares MSCI Emerging Markets ETF, an estimated $103M position sold in full.

By sector, the portfolio is most concentrated in Technology at 48% of assets, up from 45% a quarter earlier, followed by Consumer Discretionary and Financials.

Against the trend, Stanley Druckenmiller opened a new position in Shopify worth $66.2M.

  • Stanley Druckenmiller's largest Q3 2019 buy was Shopify: 2,124,800 shares worth $66.2M.
  • Stanley Druckenmiller added most to ServiceNow in Q3 2019, an estimated $83.5M increase.
  • Stanley Druckenmiller's biggest Q3 2019 reduction was Microsoft, cutting an estimated $169M.
  • Stanley Druckenmiller fully exited iShares MSCI Emerging Markets ETF in Q3 2019, selling an estimated $103M.
  • Stanley Druckenmiller's ten largest holdings make up 65% of its $2.57B portfolio in Q3 2019.
  • Stanley Druckenmiller opened 14 new positions and closed 32 in Q3 2019.
  • Stanley Druckenmiller's portfolio value fell 24% quarter-over-quarter to $2.57B.

Based on Duquesne Family Office's 13F filing for Q3 2019, filed 14 Nov 2019.