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 |
WBA
Walgreens Boots Alliance
WBA
|
+$77.9M |
| 2 |
Microsoft
MSFT
|
+$64.7M |
| 3 |
Adobe
ADBE
|
+$41M |
| 4 |
Cameco
CCJ
|
+$31.8M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$30.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
SLB Ltd
SLB
|
+$89.5M |
| 2 |
Delta Air Lines
DAL
|
+$85.4M |
| 3 |
Amazon
AMZN
|
+$62.9M |
| 4 |
FedEx
FDX
|
+$51.3M |
| 5 |
Bristol-Myers Squibb
BMY
|
+$50.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 32.65% |
| 2 | Healthcare | 23.53% |
| 3 | Technology | 22.11% |
| 4 | Materials | 9.54% |
| 5 | Energy | 5.62% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Alphabet (Google) Class C
GOOG
$4.59T
| $289M | 32.65% |
10,423,323
+1,058,352
| +11% | +$30.8M |
|
|
WBA
2
DELISTED
Walgreens Boots Alliance
WBA
| $81.9M | 9.24% |
+1,240,000
| New | +$77.9M |
|
|
3
Microsoft
MSFT
$3.66T
| $70.7M | 7.97% |
+1,724,200
| New | +$64.7M |
|
4
Teva Pharmaceuticals
TEVA
$40.1B
| $65.6M | 7.4% |
1,241,000
| – | – |
|
5
Alcoa
AA
$12.4B
| $64.3M | 7.26% |
2,080,732
+416,146
| +25% | +$11.6M |
|
|
6
Adobe
ADBE
$102B
| $64.2M | 7.25% |
976,700
+639,900
| +190% | +$41M |
|
7
Workday
WDAY
$42.3B
| $40M | 4.51% |
437,079
-68,421
| -14% | -$6.52M |
|
8
Illumina
ILMN
$30.7B
| $37.7M | 4.25% |
260,392
-260,496
| -50% | -$38.3M |
|
|
9
Cameco
CCJ
$40.5B
| $32.7M | 3.69% |
+1,428,200
| New | +$31.8M |
|
10
AstraZeneca
AZN
$241B
| $23.4M | 2.64% |
360,500
| – | – |
|
|
MON
11
DELISTED
Monsanto Co
MON
| $20.2M | 2.28% |
+177,500
| New | +$19.8M |
|
12
EQT Corp
EQT
$33B
| $17.1M | 1.92% |
323,128
-200,233
| -38% | -$10.4M |
|
13
State Street Health Care Select Sector SPDR ETF
XLV
$41.8B
| $11.3M | 1.28% |
193,300
+5,000
| +3% | +$288K |
|
|
SNDK
14
DELISTED
SANDISK CORP
SNDK
| $10.6M | 1.2% |
+130,800
| New | +$9.65M |
|
15
Sensata Technologies
ST
$7.08B
| $10.6M | 1.19% |
+248,100
| New | +$9.89M |
|
16
NXP Semiconductors
NXPI
$59.9B
| $10.6M | 1.19% |
+179,400
| New | +$9.36M |
|
17
iShares MSCI Australia ETF
EWA
$1.44B
| $10.3M | 1.16% |
+397,000
| New | +$9.71M |
|
18
State Street Financial Select Sector SPDR ETF
XLF
$58.5B
| $10M | 1.13% |
509,882
-286,381
| -36% | -$5.47M |
|
19
State Street Materials Select Sector SPDR ETF
XLB
$8.52B
| $9.88M | 1.12% |
+418,000
| New | +$9.61M |
|
20
iShares MSCI Chile ETF
ECH
$1.04B
| $3.05M | 0.34% |
+67,000
| New | +$2.91M |
|
21
iShares MSCI Philippines ETF
EPHE
$145M
| $2.98M | 0.34% |
+87,300
| New | +$2.83M |
|
22
Amgen
AMGN
$210B
| – | – |
-231,000
| Closed | -$26.4M |
|
|
23
Amazon
AMZN
$2.99T
| – | – |
-3,154,000
| Closed | -$62.9M |
|
24
Boeing
BA
$187B
| – | – |
-99,200
| Closed | -$13.5M |
|
25
Biogen
BIIB
$30.8B
| – | – |
-91,500
| Closed | -$25.6M |
|
Similar funds
Stanley Druckenmiller's Q1 2014 Portfolio in Review
As of Q1 2014, Stanley Druckenmiller held 53 positions worth $886M, down 41% from $1.5B the previous quarter. Its ten largest holdings account for 87% of the portfolio.
Stanley Druckenmiller withdrew a net $685M in Q1 2014, closing 32 positions and reducing 4 holdings. Its most notable exit was SLB Ltd, an estimated $89.5M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 33% of assets, up from 21% a quarter earlier, followed by Healthcare and Technology.
Against the trend, Stanley Druckenmiller opened a new position in Walgreens Boots Alliance worth $81.9M.
- Stanley Druckenmiller's largest Q1 2014 buy was Walgreens Boots Alliance: 1,240,000 shares worth $81.9M.
- Stanley Druckenmiller added most to Adobe in Q1 2014, an estimated $41M increase.
- Stanley Druckenmiller's biggest Q1 2014 reduction was Illumina, cutting an estimated $38.3M.
- Stanley Druckenmiller fully exited SLB Ltd in Q1 2014, selling an estimated $89.5M.
- Stanley Druckenmiller's ten largest holdings make up 87% of its $886M portfolio in Q1 2014.
- Stanley Druckenmiller opened 11 new positions and closed 32 in Q1 2014.
- Stanley Druckenmiller's portfolio value fell 41% quarter-over-quarter to $886M.
Based on Duquesne Family Office's 13F filing for Q1 2014, filed 14 May 2014.