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 |
Meta Platforms (Facebook)
META
|
+$166M |
| 2 |
Gilead Sciences
GILD
|
+$85.1M |
| 3 |
Microsoft
MSFT
|
+$53.9M |
| 4 |
VanEck Oil Services ETF
OIH
|
+$45M |
| 5 |
Marathon Petroleum
MPC
|
+$37.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Intel
INTC
|
+$128M |
| 2 |
Nektar Therapeutics
NKTR
|
+$127M |
| 3 |
Micron Technology
MU
|
+$114M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$96.5M |
| 5 |
JD.com
JD
|
+$72.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 36.7% |
| 2 | Consumer Discretionary | 22.35% |
| 3 | Communication Services | 22.22% |
| 4 | Healthcare | 6.51% |
| 5 | Energy | 4.11% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Microsoft
MSFT
$3.66T
| $295M | 14.22% |
2,986,800
+556,600
| +23% | +$53.9M |
|
2
Amazon
AMZN
$2.99T
| $264M | 12.74% |
3,105,060
-312,000
| -9% | -$24.8M |
|
3
Salesforce
CRM
$156B
| $233M | 11.23% |
1,705,300
| – | – |
|
|
4
Alphabet (Google) Class A
GOOGL
$4.62T
| $192M | 9.29% |
3,408,000
-1,775,000
| -34% | -$96.5M |
|
|
5
Meta Platforms (Facebook)
META
$1.5T
| $178M | 8.61% |
+918,000
| New | +$166M |
|
6
Alibaba
BABA
$309B
| $149M | 7.2% |
804,300
+146,900
| +22% | +$28M |
|
|
7
Gilead Sciences
GILD
$168B
| $85.4M | 4.12% |
+1,205,300
| New | +$85.1M |
|
8
Workday
WDAY
$42.3B
| $78.8M | 3.8% |
650,500
+81,300
| +14% | +$10.4M |
|
9
Netflix
NFLX
$306B
| $74.3M | 3.58% |
1,897,000
| – | – |
|
|
10
VanEck Oil Services ETF
OIH
$1.94B
| $44.1M | 2.13% |
+84,010
| New | +$45M |
|
|
STMP
11
DELISTED
Stamps.com, Inc.
STMP
| $39.1M | 1.89% |
154,600
-3,400
| -2% | -$819K |
|
|
12
Marathon Petroleum
MPC
$91.3B
| $34.8M | 1.68% |
+496,400
| New | +$37.9M |
|
|
SPLK
13
DELISTED
Splunk Inc
SPLK
| $34M | 1.64% |
+342,600
| New | +$37.2M |
|
14
Autodesk
ADSK
$50.1B
| $33.3M | 1.61% |
+254,300
| New | +$33.7M |
|
15
Devon Energy
DVN
$50.8B
| $32.6M | 1.57% |
+740,700
| New | +$28.7M |
|
16
Adobe
ADBE
$102B
| $29.9M | 1.44% |
122,500
| – | – |
|
|
ATVI
17
DELISTED
Activision Blizzard
ATVI
| $25.7M | 1.24% |
+337,200
| New | +$23.9M |
|
18
TAL Education Group
TAL
$6.65B
| $25.1M | 1.21% |
682,000
| – | – |
|
19
State Street Energy Select Sector SPDR ETF
XLE
$38.4B
| $24.7M | 1.19% |
+651,200
| New | +$24.2M |
|
20
Home Depot
HD
$347B
| $24.7M | 1.19% |
+126,500
| New | +$23.6M |
|
21
AC Immune
ACIU
$231M
| $22.3M | 1.07% |
2,388,700
| – | – |
|
|
CLVS
22
DELISTED
Clovis Oncology, Inc.
CLVS
| $21.9M | 1.06% |
+482,000
| New | +$23.4M |
|
23
iShares Biotechnology ETF
IBB
$9.39B
| $20.3M | 0.98% |
+183,900
| New | +$19.7M |
|
24
Trip.com Group
TCOM
$29.5B
| $20.1M | 0.97% |
421,100
+115,400
| +38% | +$5.21M |
|
|
XYZ
25
Block Inc
XYZ
$50.4B
| $15.2M | 0.73% |
+247,000
| New | +$13.6M |
|
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Stanley Druckenmiller's Q2 2018 Portfolio in Review
As of Q2 2018, Stanley Druckenmiller held 41 positions worth $2.07B, up 14% from $1.81B the previous quarter. Its ten largest holdings account for 77% of the portfolio.
Stanley Druckenmiller deployed $110M of net new capital in Q2 2018, opening 19 new positions and adding to 5 existing holdings. Its largest new stake was Meta Platforms (Facebook): 918,000 shares worth $178M.
By sector, the portfolio is most concentrated in Technology at 37% of assets, down from 43% a quarter earlier, followed by Consumer Discretionary and Communication Services.
On the sell side, the largest reduction was Alphabet (Google) Class A, an estimated $96.5M trimmed.
- Stanley Druckenmiller's largest Q2 2018 buy was Meta Platforms (Facebook): 918,000 shares worth $178M.
- Stanley Druckenmiller added most to Microsoft in Q2 2018, an estimated $53.9M increase.
- Stanley Druckenmiller's biggest Q2 2018 reduction was Alphabet (Google) Class A, cutting an estimated $96.5M.
- Stanley Druckenmiller fully exited Intel in Q2 2018, selling an estimated $128M.
- Stanley Druckenmiller's ten largest holdings make up 77% of its $2.07B portfolio in Q2 2018.
- Stanley Druckenmiller opened 19 new positions and closed 8 in Q2 2018.
- Stanley Druckenmiller's portfolio value rose 14% quarter-over-quarter to $2.07B.
Based on Duquesne Family Office's 13F filing for Q2 2018, filed 14 Aug 2018.