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 |
Microsoft
MSFT
|
+$104M |
| 2 |
iShares MSCI Emerging Markets ETF
EEM
|
+$94.9M |
| 3 |
Alphabet (Google) Class A
GOOGL
|
+$84.4M |
| 4 |
Salesforce
CRM
|
+$77.1M |
| 5 |
Booking.com
BKNG
|
+$67.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Russell 2000 ETF
IWM
|
+$134M |
| 2 |
AbbVie
ABBV
|
+$76.5M |
| 3 |
State Street Financial Select Sector SPDR ETF
XLF
|
+$55.7M |
| 4 |
Citigroup
C
|
+$55.1M |
| 5 |
PNC Financial Services
PNC
|
+$54.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.74% |
| 2 | Materials | 19.96% |
| 3 | Communication Services | 17.71% |
| 4 | Consumer Discretionary | 15.85% |
| 5 | Energy | 7.14% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Dover
DOV
$28.3B
| – | – |
-167,873
| Closed | -$10.2M |
|
52
Emerson Electric
EMR
$89B
| – | – |
-175,000
| Closed | -$9.76M |
|
53
EOG Resources
EOG
$76.4B
| – | – |
-380,800
| Closed | -$38.5M |
|
54
Freeport-McMoran
FCX
$96.7B
| – | – |
-2,882,600
| Closed | -$38M |
|
|
55
iShares Russell 2000 ETF
IWM
$83B
| – | – |
-991,900
| Closed | -$134M |
|
56
JPMorgan Chase
JPM
$950B
| – | – |
-327,500
| Closed | -$28.3M |
|
57
Merck
MRK
$316B
| – | – |
-716,622
| Closed | -$40.3M |
|
|
58
PNC Financial Services
PNC
$101B
| – | – |
-466,000
| Closed | -$54.5M |
|
59
Transocean
RIG
$5.78B
| – | – |
-701,700
| Closed | -$10.3M |
|
60
Range Resources
RRC
$9.28B
| – | – |
-270,000
| Closed | -$9.28M |
|
61
Wells Fargo
WFC
$267B
| – | – |
-960,400
| Closed | -$52.9M |
|
|
X
62
DELISTED
US Steel
X
| – | – |
-275,000
| Closed | -$9.08M |
|
|
63
State Street Financial Select Sector SPDR ETF
XLF
$58.5B
| – | – |
-2,397,500
| Closed | -$55.7M |
|
64
State Street Industrial Select Sector SPDR ETF
XLI
$33.9B
| – | – |
-827,100
| Closed | -$51.5M |
|
|
SWN
65
DELISTED
Southwestern Energy Company
SWN
| – | – |
-828,700
| Closed | -$8.97M |
|
|
AGU
66
DELISTED
Agrium
AGU
| – | – |
-38,974
| Closed | -$3.92M |
|
|
YHOO
67
DELISTED
Yahoo Inc
YHOO
| – | – |
-483,100
| Closed | -$18.7M |
|
Similar funds
Stanley Druckenmiller's Q1 2017 Portfolio in Review
As of Q1 2017, Stanley Druckenmiller held 67 positions worth $1.52B, up 49% from $1.03B the previous quarter. Its ten largest holdings account for 51% of the portfolio.
Stanley Druckenmiller deployed $450M of net new capital in Q1 2017, opening 35 new positions and adding to 5 existing holdings. Its largest new stake was Microsoft: 1,624,200 shares worth $107M.
By sector, the portfolio is most concentrated in Technology at 21% of assets, up from 1% a quarter earlier, followed by Materials and Communication Services.
On the sell side, the largest reduction was Halliburton, an estimated $39.8M trimmed.
- Stanley Druckenmiller's largest Q1 2017 buy was Microsoft: 1,624,200 shares worth $107M.
- Stanley Druckenmiller added most to LyondellBasell Industries in Q1 2017, an estimated $53.8M increase.
- Stanley Druckenmiller's biggest Q1 2017 reduction was Halliburton, cutting an estimated $39.8M.
- Stanley Druckenmiller fully exited iShares Russell 2000 ETF in Q1 2017, selling an estimated $134M.
- Stanley Druckenmiller's ten largest holdings make up 51% of its $1.52B portfolio in Q1 2017.
- Stanley Druckenmiller opened 35 new positions and closed 20 in Q1 2017.
- Stanley Druckenmiller's portfolio value rose 49% quarter-over-quarter to $1.52B.
Based on Duquesne Family Office's 13F filing for Q1 2017, filed 15 May 2017.