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
|
+$186M |
| 2 |
IQVIA
IQV
|
+$101M |
| 3 |
Alphabet (Google) Class A
GOOGL
|
+$84.2M |
| 4 |
Amazon
AMZN
|
+$78.1M |
| 5 |
Teck Resources
TECK
|
+$57.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Chevron
CVX
|
+$127M |
| 2 |
Meta Platforms (Facebook)
META
|
+$113M |
| 3 |
Vertiv
VRT
|
+$56.9M |
| 4 |
Cenovus Energy
CVE
|
+$52.4M |
| 5 |
Eli Lilly
LLY
|
+$44.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 25.32% |
| 2 | Healthcare | 19.23% |
| 3 | Consumer Discretionary | 18.06% |
| 4 | Communication Services | 11.8% |
| 5 | Consumer Staples | 8.96% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Avantor
AVTR
$9.19B
| – | – |
-189,695
| Closed | -$4M |
|
52
Caterpillar
CAT
$387B
| – | – |
-63,800
| Closed | -$15.3M |
|
53
Cameco
CCJ
$42.4B
| – | – |
-748,204
| Closed | -$17M |
|
54
Constellation Energy
CEG
$95.6B
| – | – |
-88,825
| Closed | -$7.66M |
|
|
55
Cenovus Energy
CVE
$52.1B
| – | – |
-2,701,140
| Closed | -$52.4M |
|
56
Datadog
DDOG
$84B
| – | – |
-332,253
| Closed | -$24.4M |
|
57
Deere & Co
DE
$168B
| – | – |
-72,905
| Closed | -$31.3M |
|
58
D.R. Horton
DHI
$42.3B
| – | – |
-113,400
| Closed | -$10.1M |
|
59
Entegris
ENTG
$23.2B
| – | – |
-55,500
| Closed | -$3.64M |
|
60
Enovix
ENVX
$1.03B
| – | – |
-530,743
| Closed | -$5.78M |
|
61
Samsara
IOT
$23.8B
| – | – |
-810,713
| Closed | -$10.1M |
|
62
KB Home
KBH
$3.59B
| – | – |
-58,535
| Closed | -$1.86M |
|
63
Lennar Class A
LEN
$21.2B
| – | – |
-456,474
| Closed | -$40M |
|
64
LGI Homes
LGIH
$1.4B
| – | – |
-50,000
| Closed | -$4.63M |
|
65
CALL
Las Vegas Sands
LVS
$29.6B
| – | – |
-230,000
| Closed | -$11.1M |
|
66
NextEra Energy
NEE
$177B
| – | – |
-93,400
| Closed | -$7.81M |
|
67
Oscar Health
OSCR
$8.61B
| – | – |
-994,289
| Closed | -$2.45M |
|
68
Ovintiv
OVV
$16.4B
| – | – |
-413,980
| Closed | -$21M |
|
69
Occidental Petroleum
OXY
$55.9B
| – | – |
-420,580
| Closed | -$26.5M |
|
70
Parker-Hannifin
PH
$135B
| – | – |
-66,800
| Closed | -$19.4M |
|
71
Sunrun
RUN
$2.46B
| – | – |
-139,000
| Closed | -$3.34M |
|
72
AT&T
T
$163B
| – | – |
-1,375,780
| Closed | -$25.3M |
|
73
Vale
VALE
$62.6B
| – | – |
-1,045,000
| Closed | -$17.7M |
|
|
PXD
74
DELISTED
Pioneer Natural Resource Co.
PXD
| – | – |
-71,505
| Closed | -$16.3M |
|
|
CZOO
75
DELISTED
Cazoo Group Ltd
CZOO
| – | – |
-70
| Closed | -$22K |
|
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Stanley Druckenmiller's Q1 2023 Portfolio in Review
As of Q1 2023, Stanley Druckenmiller held 77 positions worth $2.31B, up 14% from $2.02B the previous quarter. Its ten largest holdings account for 71% of the portfolio.
Stanley Druckenmiller deployed $71.5M of net new capital in Q1 2023, opening 19 new positions and adding to 7 existing holdings. Its largest new stake was Microsoft: 729,040 shares worth $210M.
By sector, the portfolio is most concentrated in Technology at 25% of assets, up from 8.5% a quarter earlier, followed by Healthcare and Consumer Discretionary.
On the sell side, the largest reduction was Chevron, an estimated $127M trimmed.
- Stanley Druckenmiller's largest Q1 2023 buy was Microsoft: 729,040 shares worth $210M.
- Stanley Druckenmiller added most to Teck Resources in Q1 2023, an estimated $57.7M increase.
- Stanley Druckenmiller's biggest Q1 2023 reduction was Chevron, cutting an estimated $127M.
- Stanley Druckenmiller fully exited Cenovus Energy in Q1 2023, selling an estimated $52.4M.
- Stanley Druckenmiller's ten largest holdings make up 71% of its $2.31B portfolio in Q1 2023.
- Stanley Druckenmiller opened 19 new positions and closed 29 in Q1 2023.
- Stanley Druckenmiller's portfolio value rose 14% quarter-over-quarter to $2.31B.
Based on Duquesne Family Office's 13F filing for Q1 2023, filed 15 May 2023.