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 |
SPDR Gold Trust
GLD
|
+$330M |
| 2 |
Meta Platforms (Facebook)
META
|
+$132M |
| 3 |
Wells Fargo
WFC
|
+$93.6M |
| 4 |
Freeport-McMoran
FCX
|
+$73.2M |
| 5 |
Halliburton
HAL
|
+$71.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Biogen
BIIB
|
+$73.9M |
| 2 |
Teva Pharmaceuticals
TEVA
|
+$49.2M |
| 3 |
Illumina
ILMN
|
+$40.9M |
| 4 |
Cognizant
CTSH
|
+$30.8M |
| 5 |
Infosys
INFY
|
+$26.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 23.39% |
| 2 | Materials | 19.25% |
| 3 | Communication Services | 10.82% |
| 4 | Technology | 8.51% |
| 5 | Energy | 8.3% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
SPDR Gold Trust
GLD
$132B
| $324M | 21.81% |
+2,880,000
| New | +$330M |
|
|
2
Meta Platforms (Facebook)
META
$1.49T
| $161M | 10.82% |
1,872,700
+1,620,700
| +643% | +$132M |
|
|
3
Wells Fargo
WFC
$270B
| $94.4M | 6.36% |
+1,679,400
| New | +$93.6M |
|
4
LyondellBasell Industries
LYB
$19.3B
| $74.2M | 5% |
716,950
| – | – |
|
|
5
Halliburton
HAL
$27B
| $66.6M | 4.49% |
+1,547,000
| New | +$71.3M |
|
|
6
Freeport-McMoran
FCX
$95.9B
| $66M | 4.45% |
+3,547,000
| New | +$73.2M |
|
7
Citigroup
C
$231B
| $64.9M | 4.37% |
+1,175,000
| New | +$63.9M |
|
8
Microsoft
MSFT
$3.69T
| $61.7M | 4.16% |
+1,398,100
| New | +$63.8M |
|
9
HDFC Bank
HDB
$123B
| $60.7M | 4.09% |
4,014,400
| – | – |
|
10
DuPont de Nemours
DD
$18.9B
| $59.5M | 4.01% |
+459,365
| New | +$59.5M |
|
11
JPMorgan Chase
JPM
$961B
| $52.7M | 3.55% |
+777,300
| New | +$50.7M |
|
|
12
Illumina
ILMN
$29.9B
| $45.1M | 3.04% |
212,282
-209,301
| -50% | -$40.9M |
|
13
Alcoa
AA
$12.3B
| $40.7M | 2.74% |
+1,518,935
| New | +$47.1M |
|
14
Newmont
NEM
$103B
| $29.9M | 2.01% |
+1,279,900
| New | +$32M |
|
15
EOG Resources
EOG
$76.4B
| $27.2M | 1.83% |
310,900
-250,700
| -45% | -$23.2M |
|
16
Workday
WDAY
$41.3B
| $25.3M | 1.7% |
330,679
| – | – |
|
17
Akamai
AKAM
$17.9B
| $24.8M | 1.67% |
355,300
| – | – |
|
18
JD.com
JD
$44.4B
| $20.2M | 1.36% |
+593,000
| New | +$20.2M |
|
19
eBay
EBAY
$48.3B
| $19.7M | 1.33% |
+776,952
| New | +$19.4M |
|
|
STI
20
DELISTED
SunTrust Banks, Inc.
STI
| $19.7M | 1.33% |
+457,100
| New | +$19.4M |
|
21
Truist Financial
TFC
$64.4B
| $19.6M | 1.32% |
+485,600
| New | +$19.2M |
|
22
PNC Financial Services
PNC
$102B
| $19.6M | 1.32% |
+204,600
| New | +$19.3M |
|
23
Alibaba
BABA
$310B
| $18M | 1.21% |
219,100
-20,400
| -9% | -$1.75M |
|
|
PXD
24
DELISTED
Pioneer Natural Resource Co.
PXD
| $15.9M | 1.07% |
114,800
-109,700
| -49% | -$17.4M |
|
25
American International
AIG
$41.8B
| $15.5M | 1.04% |
+250,300
| New | +$14.8M |
|
Similar funds
Stanley Druckenmiller's Q2 2015 Portfolio in Review
As of Q2 2015, Stanley Druckenmiller held 46 positions worth $1.48B, up 89% from $787M the previous quarter. Its ten largest holdings account for 70% of the portfolio.
Stanley Druckenmiller deployed $698M of net new capital in Q2 2015, opening 18 new positions and adding to 1 existing holding. Its largest new stake was SPDR Gold Trust: 2,880,000 shares worth $324M.
By sector, the portfolio is most concentrated in Financials at 23% of assets, up from 8.3% a quarter earlier, followed by Materials and Communication Services.
On the sell side, the largest reduction was Illumina, an estimated $40.9M trimmed.
- Stanley Druckenmiller's largest Q2 2015 buy was SPDR Gold Trust: 2,880,000 shares worth $324M.
- Stanley Druckenmiller added most to Meta Platforms (Facebook) in Q2 2015, an estimated $132M increase.
- Stanley Druckenmiller's biggest Q2 2015 reduction was Illumina, cutting an estimated $40.9M.
- Stanley Druckenmiller fully exited Biogen in Q2 2015, selling an estimated $73.9M.
- Stanley Druckenmiller's ten largest holdings make up 70% of its $1.48B portfolio in Q2 2015.
- Stanley Druckenmiller opened 18 new positions and closed 17 in Q2 2015.
- Stanley Druckenmiller's portfolio value rose 89% quarter-over-quarter to $1.48B.
Based on Duquesne Family Office's 13F filing for Q2 2015, filed 14 Aug 2015.