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 |
Alibaba
BABA
|
+$124M |
| 2 |
Intel
INTC
|
+$117M |
| 3 |
Micron Technology
MU
|
+$105M |
| 4 |
Netflix
NFLX
|
+$51.6M |
| 5 |
JD.com
JD
|
+$31M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$191M |
| 2 |
Microsoft
MSFT
|
+$72.9M |
| 3 |
EOG Resources
EOG
|
+$56.6M |
| 4 |
Nektar Therapeutics
NKTR
|
+$55.1M |
| 5 |
Wells Fargo
WFC
|
+$51.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 43.39% |
| 2 | Consumer Discretionary | 25.63% |
| 3 | Communication Services | 18.61% |
| 4 | Healthcare | 8.71% |
| 5 | Consumer Staples | 1.4% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Alphabet (Google) Class A
GOOGL
$4.64T
| $269M | 14.85% |
5,183,000
+36,000
| +0.7% | +$2M |
|
2
Amazon
AMZN
$3T
| $247M | 13.66% |
3,417,060
+57,000
| +2% | +$4.08M |
|
|
3
Microsoft
MSFT
$3.68T
| $222M | 12.26% |
2,430,200
-797,600
| -25% | -$72.9M |
|
4
Salesforce
CRM
$156B
| $198M | 10.96% |
1,705,300
-9,000
| -0.5% | -$1.03M |
|
|
5
Intel
INTC
$508B
| $128M | 7.09% |
+2,462,600
| New | +$117M |
|
|
6
Nektar Therapeutics
NKTR
$2.45B
| $127M | 7% |
79,487
-42,780
| -35% | -$55.1M |
|
|
7
Alibaba
BABA
$308B
| $121M | 6.67% |
+657,400
| New | +$124M |
|
|
8
Micron Technology
MU
$1.01T
| $114M | 6.3% |
+2,187,500
| New | +$105M |
|
9
Workday
WDAY
$42.4B
| $72.4M | 4% |
569,200
-263,300
| -32% | -$32.2M |
|
|
10
JD.com
JD
$44.4B
| $72.2M | 3.99% |
1,783,000
+684,800
| +62% | +$31M |
|
|
11
Netflix
NFLX
$305B
| $56M | 3.1% |
+1,897,000
| New | +$51.6M |
|
|
STMP
12
DELISTED
Stamps.com, Inc.
STMP
| $31.8M | 1.76% |
158,000
-10,000
| -6% | -$1.96M |
|
13
Adobe
ADBE
$102B
| $26.5M | 1.46% |
+122,500
| New | +$24.9M |
|
14
TAL Education Group
TAL
$6.58B
| $25.3M | 1.4% |
+682,000
| New | +$23.4M |
|
15
AC Immune
ACIU
$231M
| $24.7M | 1.36% |
2,388,700
| – | – |
|
16
Qualcomm
QCOM
$171B
| $22.8M | 1.26% |
+411,000
| New | +$26.2M |
|
17
Trip.com Group
TCOM
$29.5B
| $14.3M | 0.79% |
305,700
-423,200
| -58% | -$19.9M |
|
|
NBIS
18
Nebius Group N.V.
NBIS
$57.2B
| $12M | 0.66% |
304,000
| – | – |
|
19
Vipshop
VIPS
$7.49B
| $9.52M | 0.53% |
+572,800
| New | +$9.47M |
|
|
STL
20
DELISTED
Sterling Bancorp
STL
| $9.06M | 0.5% |
+401,600
| New | +$9.84M |
|
|
ITCI
21
DELISTED
Intra-Cellular Therapies Inc.
ITCI
| $6.25M | 0.35% |
+296,986
| New | +$5.79M |
|
22
PagSeguro Digital
PAGS
$2.65B
| $1.34M | 0.07% |
+35,000
| New | +$1.12M |
|
23
APA Corp
APA
$12.6B
| – | – |
-903,000
| Closed | -$38.1M |
|
24
Bank of America
BAC
$441B
| – | – |
-1,717,500
| Closed | -$50.7M |
|
25
Biogen
BIIB
$30.9B
| – | – |
-109,400
| Closed | -$34.9M |
|
Similar funds
Stanley Druckenmiller's Q1 2018 Portfolio in Review
As of Q1 2018, Stanley Druckenmiller held 41 positions worth $1.81B, down 8.8% from $1.98B the previous quarter. Its ten largest holdings account for 87% of the portfolio.
Stanley Druckenmiller withdrew a net $369M in Q1 2018, closing 19 positions and reducing 6 holdings. Its most notable exit was Meta Platforms (Facebook), an estimated $191M position sold in full.
By sector, the portfolio is most concentrated in Technology at 43% of assets, up from 27% a quarter earlier, followed by Consumer Discretionary and Communication Services.
Against the trend, Stanley Druckenmiller opened a new position in Alibaba worth $121M.
- Stanley Druckenmiller's largest Q1 2018 buy was Alibaba: 657,400 shares worth $121M.
- Stanley Druckenmiller added most to JD.com in Q1 2018, an estimated $31M increase.
- Stanley Druckenmiller's biggest Q1 2018 reduction was Microsoft, cutting an estimated $72.9M.
- Stanley Druckenmiller fully exited Meta Platforms (Facebook) in Q1 2018, selling an estimated $191M.
- Stanley Druckenmiller's ten largest holdings make up 87% of its $1.81B portfolio in Q1 2018.
- Stanley Druckenmiller opened 11 new positions and closed 19 in Q1 2018.
- Stanley Druckenmiller's portfolio value fell 8.8% quarter-over-quarter to $1.81B.
Based on Duquesne Family Office's 13F filing for Q1 2018, filed 15 May 2018.