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 |
SLB Ltd
SLB
|
+$81.6M |
| 2 |
Amazon
AMZN
|
+$47M |
| 3 |
Illumina
ILMN
|
+$39.8M |
| 4 |
Halliburton
HAL
|
+$29.7M |
| 5 |
Amgen
AMGN
|
+$25M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PARA
Paramount Global Class B
PARA
|
+$83.1M |
| 2 |
Procter & Gamble
PG
|
+$43.6M |
| 3 |
LCC
US AIRWAYS GROUP INC.
LCC
|
+$38.8M |
| 4 |
Charter Communications
CHTR
|
+$33.7M |
| 5 |
Verizon
VZ
|
+$23.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 26.27% |
| 2 | Healthcare | 19.2% |
| 3 | Energy | 18.4% |
| 4 | Industrials | 10.05% |
| 5 | Consumer Discretionary | 7.84% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Alphabet (Google) Class C
GOOG
$4.59T
| $196M | 23.13% |
8,963,472
| – | – |
|
|
2
SLB Ltd
SLB
$75.4B
| $87.7M | 10.38% |
+993,000
| New | +$81.6M |
|
3
Delta Air Lines
DAL
$61B
| $73.4M | 8.68% |
3,110,000
-751,500
| -19% | -$15.7M |
|
|
4
Amazon
AMZN
$2.99T
| $49.3M | 5.83% |
+3,154,000
| New | +$47M |
|
|
5
Illumina
ILMN
$30.7B
| $41M | 4.84% |
+520,888
| New | +$39.8M |
|
6
Workday
WDAY
$42.3B
| $40.9M | 4.84% |
505,500
| – | – |
|
7
Gilead Sciences
GILD
$168B
| $38.4M | 4.54% |
610,700
| – | – |
|
|
8
Halliburton
HAL
$27B
| $30.5M | 3.61% |
+633,700
| New | +$29.7M |
|
|
PXD
9
DELISTED
Pioneer Natural Resource Co.
PXD
| $27M | 3.19% |
+143,000
| New | +$24.3M |
|
|
PARA
10
DELISTED
Paramount Global Class B
PARA
| $26.6M | 3.14% |
481,700
-1,562,300
| -76% | -$83.1M |
|
|
CBST
11
DELISTED
CUBIST PHARMACEUTICALS INC
CBST
| $26.2M | 3.1% |
413,000
| – | – |
|
|
12
Amgen
AMGN
$210B
| $25.9M | 3.06% |
+231,000
| New | +$25M |
|
|
ENDP
13
DELISTED
Endo International plc
ENDP
| $23.9M | 2.83% |
+527,000
| New | +$21.2M |
|
14
Biogen
BIIB
$30.8B
| $22M | 2.61% |
91,500
| – | – |
|
15
Wendy's
WEN
$1.46B
| $17M | 2.01% |
+2,000,000
| New | +$15M |
|
16
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$14.7B
| $14.9M | 1.76% |
+136,500
| New | +$14.8M |
|
17
Boeing
BA
$187B
| $11.7M | 1.38% |
99,200
| – | – |
|
18
Johnson & Johnson
JNJ
$614B
| $11.2M | 1.32% |
129,000
| – | – |
|
19
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$22.9B
| $10.4M | 1.22% |
+341,600
| New | +$10.1M |
|
20
Cheniere Energy
LNG
$53.9B
| $10.4M | 1.22% |
+303,200
| New | +$9M |
|
21
State Street Industrial Select Sector SPDR ETF
XLI
$33.9B
| $10.3M | 1.22% |
+222,900
| New | +$10.1M |
|
22
iShares MSCI South Korea ETF
EWY
$24.8B
| $10.2M | 1.2% |
+165,500
| New | +$9.47M |
|
23
State Street Energy Select Sector SPDR ETF
XLE
$38.4B
| $9.69M | 1.15% |
+233,800
| New | +$9.63M |
|
24
iShares China Large-Cap ETF
FXI
$4.33B
| $9.67M | 1.14% |
+260,700
| New | +$9.26M |
|
25
Nokia
NOK
$55.4B
| $6.51M | 0.77% |
+1,000,000
| New | +$4.72M |
|
Similar funds
Stanley Druckenmiller's Q3 2013 Portfolio in Review
As of Q3 2013, Stanley Druckenmiller held 36 positions worth $846M, up 26% from $674M the previous quarter. Its ten largest holdings account for 72% of the portfolio.
Stanley Druckenmiller deployed $96.1M of net new capital in Q3 2013, opening 19 new positions. Its largest new stake was SLB Ltd: 993,000 shares worth $87.7M.
By sector, the portfolio is most concentrated in Communication Services at 26% of assets, down from 53% a quarter earlier, followed by Healthcare and Energy.
On the sell side, the largest reduction was Paramount Global Class B, an estimated $83.1M trimmed.
- Stanley Druckenmiller's largest Q3 2013 buy was SLB Ltd: 993,000 shares worth $87.7M.
- Stanley Druckenmiller's biggest Q3 2013 reduction was Paramount Global Class B, cutting an estimated $83.1M.
- Stanley Druckenmiller fully exited Procter & Gamble in Q3 2013, selling an estimated $43.6M.
- Stanley Druckenmiller's ten largest holdings make up 72% of its $846M portfolio in Q3 2013.
- Stanley Druckenmiller opened 19 new positions and closed 8 in Q3 2013.
- Stanley Druckenmiller's portfolio value rose 26% quarter-over-quarter to $846M.
Based on Duquesne Family Office's 13F filing for Q3 2013, filed 14 Nov 2013.