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 |
Seagate
STX
|
+$89.6M |
| 2 |
Teck Resources
TECK
|
+$54.5M |
| 3 |
Woodward
WWD
|
+$52.9M |
| 4 |
Arista Networks
ANET
|
+$49.2M |
| 5 |
KBR
KBR
|
+$36M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Lamb Weston
LW
|
+$124M |
| 2 |
NVIDIA
NVDA
|
+$119M |
| 3 |
Alphabet (Google) Class A
GOOGL
|
+$110M |
| 4 |
T-Mobile US
TMUS
|
+$106M |
| 5 |
Builders FirstSource
BLDR
|
+$57.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 32.81% |
| 2 | Consumer Discretionary | 12.65% |
| 3 | Healthcare | 11.35% |
| 4 | Industrials | 10.98% |
| 5 | Materials | 9.1% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
News Corp Class B
NWS
$17.5B
| $25.1M | 0.75% |
975,600
| – | – |
|
27
Marvell Technology
MRVL
$196B
| $21.9M | 0.65% |
+363,585
| New | +$19.6M |
|
28
Freeport-McMoran
FCX
$97.5B
| $20.1M | 0.6% |
+471,535
| New | +$17.4M |
|
29
Newmont
NEM
$119B
| $19.6M | 0.59% |
+474,250
| New | +$18.3M |
|
30
Palo Alto Networks
PANW
$297B
| $19.1M | 0.57% |
+129,430
| New | +$17.3M |
|
|
P
31
Everpure Inc
P
$29.9B
| $18.9M | 0.57% |
+531,247
| New | +$18.6M |
|
32
Veeva Systems
VEEV
$37.4B
| $18.4M | 0.55% |
95,700
| – | – |
|
|
GTM
33
ZoomInfo Technologies
GTM
$1.22B
| $17.1M | 0.51% |
+924,100
| New | +$14.5M |
|
34
DraftKings
DKNG
$11.9B
| $14.9M | 0.45% |
+423,850
| New | +$14.2M |
|
35
Western Digital
WDC
$150B
| $12M | 0.36% |
304,290
| – | – |
|
36
Nutanix
NTNX
$16.9B
| $10.3M | 0.31% |
+216,600
| New | +$8.76M |
|
37
Take-Two Interactive
TTWO
$46.1B
| $10.3M | 0.31% |
+63,850
| New | +$9.53M |
|
38
Adobe
ADBE
$105B
| $10.2M | 0.3% |
+17,130
| New | +$9.88M |
|
39
Sphere Entertainment
SPHR
$5.73B
| $10M | 0.3% |
294,751
+24,481
| +9% | +$852K |
|
40
Louisiana-Pacific
LPX
$5.49B
| $9.57M | 0.29% |
135,132
+80,700
| +148% | +$4.82M |
|
41
Warby Parker
WRBY
$3.25B
| $9.5M | 0.28% |
+674,039
| New | +$8.4M |
|
42
Recursion Pharmaceuticals
RXRX
$1.72B
| $8.94M | 0.27% |
906,767
| – | – |
|
43
State Street SPDR S&P Regional Banking ETF
KRE
$4.64B
| $8.07M | 0.24% |
+153,965
| New | +$6.88M |
|
44
Universal Display
OLED
$4.19B
| $5.43M | 0.16% |
+28,400
| New | +$4.69M |
|
|
SCHW
45
Charles Schwab
SCHW
$187B
| $4.93M | 0.15% |
+71,700
| New | +$4.14M |
|
46
Constellation Energy
CEG
$96.4B
| $4.52M | 0.13% |
38,656
| – | – |
|
47
AbCellera Biologics
ABCL
$2.12B
| $3.77M | 0.11% |
659,750
| – | – |
|
48
Canadian Pacific Kansas City
CP
$80.5B
| $3.76M | 0.11% |
47,505
-71,595
| -60% | -$5.24M |
|
49
IHS Holding
IHS
$2.81B
| $3.54M | 0.11% |
770,310
| – | – |
|
50
Joby Aviation
JOBY
$8.55B
| $150K | ﹤0.01% |
22,492
| – | – |
|
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Stanley Druckenmiller's Q4 2023 Portfolio in Review
As of Q4 2023, Stanley Druckenmiller held 62 positions worth $3.35B, up 20% from $2.79B the previous quarter. Its ten largest holdings account for 68% of the portfolio.
Stanley Druckenmiller deployed $247M of net new capital in Q4 2023, opening 21 new positions and adding to 13 existing holdings. Its largest new stake was Woodward: 404,635 shares worth $55.1M.
By sector, the portfolio is most concentrated in Technology at 33% of assets, up from 29% a quarter earlier, followed by Consumer Discretionary and Healthcare.
On the sell side, the largest reduction was Lamb Weston, an estimated $124M trimmed.
- Stanley Druckenmiller's largest Q4 2023 buy was Woodward: 404,635 shares worth $55.1M.
- Stanley Druckenmiller added most to Seagate in Q4 2023, an estimated $89.6M increase.
- Stanley Druckenmiller's biggest Q4 2023 reduction was Lamb Weston, cutting an estimated $124M.
- Stanley Druckenmiller fully exited Alphabet (Google) Class A in Q4 2023, selling an estimated $110M.
- Stanley Druckenmiller's ten largest holdings make up 68% of its $3.35B portfolio in Q4 2023.
- Stanley Druckenmiller opened 21 new positions and closed 11 in Q4 2023.
- Stanley Druckenmiller's portfolio value rose 20% quarter-over-quarter to $3.35B.
Based on Duquesne Family Office's 13F filing for Q4 2023, filed 14 Feb 2024.