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 |
iShares MSCI Emerging Markets ETF
EEM
|
+$92M |
| 2 |
Coca-Cola
KO
|
+$60.4M |
| 3 |
Philip Morris
PM
|
+$50.9M |
| 4 |
Southern Company
SO
|
+$49.6M |
| 5 |
Duke Energy
DUK
|
+$49.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amazon
AMZN
|
+$64M |
| 2 |
Meta Platforms (Facebook)
META
|
+$53.5M |
| 3 |
RTN
Raytheon Company
RTN
|
+$52M |
| 4 |
Trip.com Group
TCOM
|
+$35.8M |
| 5 |
Microsoft
MSFT
|
+$34M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 22.04% |
| 2 | Consumer Staples | 14.97% |
| 3 | Utilities | 13.02% |
| 4 | Consumer Discretionary | 7.69% |
| 5 | Industrials | 5.78% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
CALL
SPDR Gold Trust
GLD
$132B
| $237M | 17.72% |
2,016,000
-864,000
| -30% | -$97.9M |
|
|
2
Meta Platforms (Facebook)
META
$1.49T
| $231M | 17.25% |
2,023,694
-506,800
| -20% | -$53.5M |
|
|
3
iShares MSCI Emerging Markets ETF
EEM
$29.6B
| $102M | 7.6% |
+2,971,000
| New | +$92M |
|
|
4
Coca-Cola
KO
$370B
| $64.4M | 4.81% |
+1,388,900
| New | +$60.4M |
|
|
5
Philip Morris
PM
$288B
| $54.4M | 4.07% |
+554,800
| New | +$50.9M |
|
|
6
Southern Company
SO
$107B
| $52.6M | 3.93% |
+1,017,400
| New | +$49.6M |
|
|
7
Duke Energy
DUK
$96.6B
| $52.4M | 3.91% |
+649,100
| New | +$49.1M |
|
|
8
Amazon
AMZN
$2.99T
| $45.8M | 3.42% |
1,544,000
-2,256,000
| -59% | -$64M |
|
9
Alphabet (Google) Class A
GOOGL
$4.6T
| $42.5M | 3.17% |
1,114,000
+458,000
| +70% | +$16.9M |
|
|
PPL
10
PPL Corp
PPL
$26.5B
| $37.1M | 2.77% |
+974,700
| New | +$34.6M |
|
11
PepsiCo
PEP
$189B
| $36.2M | 2.7% |
+353,300
| New | +$34.9M |
|
12
Emerson Electric
EMR
$86B
| $30M | 2.24% |
+551,000
| New | +$26.6M |
|
|
13
Microsoft
MSFT
$3.69T
| $28.6M | 2.13% |
517,100
-647,900
| -56% | -$34M |
|
|
P
14
Everpure Inc
P
$28.5B
| $27.2M | 2.03% |
1,984,600
+384,600
| +24% | +$5.11M |
|
15
Caterpillar
CAT
$407B
| $25.3M | 1.89% |
+330,000
| New | +$22.1M |
|
|
B
16
Barrick Mining
B
$64.2B
| $24.9M | 1.86% |
+1,832,600
| New | +$21.3M |
|
17
Southwest Airlines
LUV
$23.9B
| $22.1M | 1.65% |
+493,000
| New | +$20.1M |
|
18
Verizon
VZ
$193B
| $21.6M | 1.62% |
+400,000
| New | +$20M |
|
19
Zoetis
ZTS
$31.8B
| $21.2M | 1.58% |
+477,900
| New | +$20.3M |
|
20
Home Depot
HD
$346B
| $20.1M | 1.5% |
+150,700
| New | +$18.8M |
|
21
Post Holdings
POST
$4.12B
| $20M | 1.5% |
+444,954
| New | +$18.8M |
|
22
Workday
WDAY
$41.3B
| $20M | 1.49% |
+259,700
| New | +$17.2M |
|
23
McDonald's
MCD
$191B
| $19.9M | 1.49% |
+158,200
| New | +$18.9M |
|
24
Agnico Eagle Mines
AEM
$76.9B
| $15.7M | 1.17% |
+434,900
| New | +$14.3M |
|
|
WWAV
25
DELISTED
The WhiteWave Foods Company
WWAV
| $14.8M | 1.11% |
+364,000
| New | +$13.8M |
|
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Stanley Druckenmiller's Q1 2016 Portfolio in Review
As of Q1 2016, Stanley Druckenmiller held 38 positions worth $1.34B, up 37% from $977M the previous quarter. Its ten largest holdings account for 69% of the portfolio.
Stanley Druckenmiller deployed $272M of net new capital in Q1 2016, opening 25 new positions and adding to 2 existing holdings. Its largest new stake was iShares MSCI Emerging Markets ETF: 2,971,000 shares worth $102M.
By sector, the portfolio is most concentrated in Communication Services at 22% of assets, down from 30% a quarter earlier, followed by Consumer Staples and Utilities.
On the sell side, the largest reduction was Amazon, an estimated $64M trimmed.
- Stanley Druckenmiller's largest Q1 2016 buy was iShares MSCI Emerging Markets ETF: 2,971,000 shares worth $102M.
- Stanley Druckenmiller added most to Alphabet (Google) Class A in Q1 2016, an estimated $16.9M increase.
- Stanley Druckenmiller's biggest Q1 2016 reduction was Amazon, cutting an estimated $64M.
- Stanley Druckenmiller fully exited Raytheon Company in Q1 2016, selling an estimated $52M.
- Stanley Druckenmiller's ten largest holdings make up 69% of its $1.34B portfolio in Q1 2016.
- Stanley Druckenmiller opened 25 new positions and closed 5 in Q1 2016.
- Stanley Druckenmiller's portfolio value rose 37% quarter-over-quarter to $1.34B.
Based on Duquesne Family Office's 13F filing for Q1 2016, filed 16 May 2016.