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 MSCI Emerging Markets ETF
EEM
|
+$225M |
| 2 |
Netflix
NFLX
|
+$164M |
| 3 |
T-Mobile US
TMUS
|
+$134M |
| 4 |
Alibaba
BABA
|
+$127M |
| 5 |
Adobe
ADBE
|
+$85.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Salesforce
CRM
|
+$147M |
| 2 |
Gilead Sciences
GILD
|
+$64M |
| 3 |
Medtronic
MDT
|
+$33.9M |
| 4 |
Delta Air Lines
DAL
|
+$31.3M |
| 5 |
COUP
Coupa Software Incorporated
COUP
|
+$28.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 36.66% |
| 2 | Consumer Discretionary | 15.67% |
| 3 | Communication Services | 13.63% |
| 4 | Healthcare | 9.98% |
| 5 | Financials | 5.65% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Twilio
TWLO
$29.3B
| $4.07M | 0.12% |
+31,480
| New | +$3.55M |
|
52
Corpay
CPAY
$25.8B
| $3.6M | 0.1% |
+14,605
| New | +$3.16M |
|
|
RP
53
DELISTED
RealPage, Inc.
RP
| $3.56M | 0.1% |
+58,690
| New | +$3.36M |
|
54
Eagle Materials
EXP
$6.7B
| $2.59M | 0.08% |
+30,700
| New | +$2.22M |
|
55
Okta
OKTA
$25.6B
| $2.13M | 0.06% |
25,807
-148,093
| -85% | -$11.7M |
|
|
CBLK
56
DELISTED
Carbon Black, Inc. Common Stock
CBLK
| $1.47M | 0.04% |
+105,525
| New | +$1.51M |
|
|
WP
57
DELISTED
Worldpay, Inc.
WP
| $1.15M | 0.03% |
+10,120
| New | +$918K |
|
|
SAIL
58
DELISTED
SailPoint Technologies Holdings, Inc. Common Stock
SAIL
| $973K | 0.03% |
+33,870
| New | +$964K |
|
|
EPAY
59
DELISTED
Bottomline Technologies Inc
EPAY
| $511K | 0.01% |
+10,200
| New | +$492K |
|
60
Sea Limited
SE
$70.4B
| $499K | 0.01% |
+21,200
| New | +$371K |
|
|
GOOS
61
Canada Goose Holdings
GOOS
$861M
| $459K | 0.01% |
+9,550
| New | +$487K |
|
62
American Airlines Group
AAL
$11B
| – | – |
-524,900
| Closed | -$16.9M |
|
|
63
Salesforce
CRM
$158B
| – | – |
-1,072,585
| Closed | -$147M |
|
|
64
Delta Air Lines
DAL
$61.3B
| – | – |
-626,600
| Closed | -$31.3M |
|
65
Elastic
ESTC
$7.25B
| – | – |
-10,000
| Closed | -$715K |
|
|
66
Gilead Sciences
GILD
$164B
| – | – |
-1,023,345
| Closed | -$64M |
|
|
B
67
Barrick Mining
B
$68.8B
| – | – |
-149,300
| Closed | -$2.02M |
|
68
Kohl's
KSS
$2.23B
| – | – |
-147,500
| Closed | -$9.79M |
|
|
69
Medtronic
MDT
$110B
| – | – |
-372,500
| Closed | -$33.9M |
|
70
PUT
Tesla
TSLA
$1.27T
| – | – |
-4,497,000
| Closed | -$99.8M |
|
|
ZEN
71
DELISTED
ZENDESK INC
ZEN
| – | – |
-57,600
| Closed | -$3.36M |
|
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Stanley Druckenmiller's Q1 2019 Portfolio in Review
As of Q1 2019, Stanley Druckenmiller held 71 positions worth $3.45B, up 100% from $1.73B the previous quarter. Its ten largest holdings account for 61% of the portfolio.
Stanley Druckenmiller deployed $1.39B of net new capital in Q1 2019, opening 40 new positions and adding to 16 existing holdings. Its largest new stake was T-Mobile US: 1,915,725 shares worth $132M.
By sector, the portfolio is most concentrated in Technology at 37% of assets, down from 51% a quarter earlier, followed by Consumer Discretionary and Communication Services.
On the sell side, the largest reduction was Coupa Software Incorporated, an estimated $28.1M trimmed.
- Stanley Druckenmiller's largest Q1 2019 buy was T-Mobile US: 1,915,725 shares worth $132M.
- Stanley Druckenmiller added most to iShares MSCI Emerging Markets ETF in Q1 2019, an estimated $225M increase.
- Stanley Druckenmiller's biggest Q1 2019 reduction was Coupa Software Incorporated, cutting an estimated $28.1M.
- Stanley Druckenmiller fully exited Salesforce in Q1 2019, selling an estimated $147M.
- Stanley Druckenmiller's ten largest holdings make up 61% of its $3.45B portfolio in Q1 2019.
- Stanley Druckenmiller opened 40 new positions and closed 10 in Q1 2019.
- Stanley Druckenmiller's portfolio value rose 100% quarter-over-quarter to $3.45B.
Based on Duquesne Family Office's 13F filing for Q1 2019, filed 15 May 2019.