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 |
Coupang
CPNG
|
+$173M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$70.7M |
| 3 |
Expedia Group
EXPE
|
+$63.1M |
| 4 |
Zoom
ZM
|
+$39.7M |
| 5 |
Live Nation Entertainment
LYV
|
+$36M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$212M |
| 2 |
Affirm
AFRM
|
+$92.9M |
| 3 |
Netflix
NFLX
|
+$91M |
| 4 |
Cummins
CMI
|
+$79.2M |
| 5 |
Carvana
CVNA
|
+$74.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 46.59% |
| 2 | Technology | 20.37% |
| 3 | Communication Services | 17.72% |
| 4 | Healthcare | 6.95% |
| 5 | Materials | 6.04% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Builders FirstSource
BLDR
$8.04B
| – | – |
-566,856
| Closed | -$24.2M |
|
52
Caterpillar
CAT
$387B
| – | – |
-156,400
| Closed | -$34M |
|
|
53
Cummins
CMI
$88.7B
| – | – |
-324,725
| Closed | -$79.2M |
|
54
GE Aerospace
GE
$384B
| – | – |
-877,941
| Closed | -$58.9M |
|
55
General Motors
GM
$76.8B
| – | – |
-566,125
| Closed | -$33.5M |
|
56
Mastercard
MA
$493B
| – | – |
-133,528
| Closed | -$48.8M |
|
57
Marriott International
MAR
$92.3B
| – | – |
-135,700
| Closed | -$18.5M |
|
58
The Mosaic Company
MOS
$7.33B
| – | – |
-162,000
| Closed | -$5.17M |
|
|
59
Netflix
NFLX
$309B
| – | – |
-1,722,150
| Closed | -$91M |
|
60
ON Semiconductor
ON
$31.6B
| – | – |
-706,366
| Closed | -$27M |
|
61
Roblox
RBLX
$27B
| – | – |
-59,575
| Closed | -$5.36M |
|
62
Snowflake
SNOW
$115B
| – | – |
-49,110
| Closed | -$11.9M |
|
63
US Foods
USFD
$24B
| – | – |
-890,415
| Closed | -$34.2M |
|
64
Visa
V
$677B
| – | – |
-179,435
| Closed | -$42M |
|
Similar funds
Stanley Druckenmiller's Q3 2021 Portfolio in Review
As of Q3 2021, Stanley Druckenmiller held 64 positions worth $3.08B, down 24% from $4.04B the previous quarter. Its ten largest holdings account for 72% of the portfolio.
Stanley Druckenmiller withdrew a net $817M in Q3 2021, closing 15 positions and reducing 19 holdings. Its most notable exit was Affirm, an estimated $92.9M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 47% of assets, up from 38% a quarter earlier, followed by Technology and Communication Services.
Against the trend, Stanley Druckenmiller opened a new position in Zoom worth $30.8M.
- Stanley Druckenmiller's largest Q3 2021 buy was Zoom: 117,690 shares worth $30.8M.
- Stanley Druckenmiller added most to Coupang in Q3 2021, an estimated $173M increase.
- Stanley Druckenmiller's biggest Q3 2021 reduction was Microsoft, cutting an estimated $212M.
- Stanley Druckenmiller fully exited Affirm in Q3 2021, selling an estimated $92.9M.
- Stanley Druckenmiller's ten largest holdings make up 72% of its $3.08B portfolio in Q3 2021.
- Stanley Druckenmiller opened 12 new positions and closed 15 in Q3 2021.
- Stanley Druckenmiller's portfolio value fell 24% quarter-over-quarter to $3.08B.
Based on Duquesne Family Office's 13F filing for Q3 2021, filed 15 Nov 2021.