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 |
Palo Alto Networks
PANW
|
+$106M |
| 2 |
Carvana
CVNA
|
+$90.1M |
| 3 |
Walt Disney
DIS
|
+$77.7M |
| 4 |
Cummins
CMI
|
+$49.3M |
| 5 |
Starbucks
SBUX
|
+$49.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alibaba
BABA
|
+$160M |
| 2 |
Netflix
NFLX
|
+$139M |
| 3 |
JD.com
JD
|
+$110M |
| 4 |
VanEck Gold Miners ETF
GDX
|
+$70.8M |
| 5 |
Meta Platforms (Facebook)
META
|
+$54.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 32.69% |
| 2 | Consumer Discretionary | 29.57% |
| 3 | Communication Services | 14.43% |
| 4 | Materials | 10.24% |
| 5 | Healthcare | 5.38% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Microsoft
MSFT
$3.64T
| $587M | 15.8% |
2,638,074
-7,556
| -0.3% | -$1.62M |
|
2
T-Mobile US
TMUS
$188B
| $315M | 8.49% |
2,338,580
+344,456
| +17% | +$42.6M |
|
3
Amazon
AMZN
$2.98T
| $270M | 7.26% |
1,655,060
-79,280
| -5% | -$12.7M |
|
|
4
Starbucks
SBUX
$117B
| $212M | 5.7% |
1,977,100
+515,000
| +35% | +$49.2M |
|
5
Freeport-McMoran
FCX
$95.8B
| $164M | 4.4% |
6,284,379
-34,021
| -0.5% | -$707K |
|
|
6
Palo Alto Networks
PANW
$294B
| $163M | 4.39% |
2,754,360
+2,260,560
| +458% | +$106M |
|
7
Sea Limited
SE
$68.5B
| $152M | 4.1% |
764,714
-216,369
| -22% | -$38.5M |
|
8
PENN Entertainment
PENN
$2.73B
| $131M | 3.53% |
1,517,501
-375,000
| -20% | -$26.8M |
|
|
NUAN
9
DELISTED
Nuance Communications, Inc.
NUAN
| $128M | 3.46% |
2,911,525
| – | – |
|
|
10
Walt Disney
DIS
$170B
| $124M | 3.34% |
684,335
+541,035
| +378% | +$77.7M |
|
|
11
Carvana
CVNA
$75B
| $116M | 3.14% |
2,429,905
+1,970,325
| +429% | +$90.1M |
|
12
Mercado Libre
MELI
$95.5B
| $106M | 2.86% |
63,277
-7,844
| -11% | -$11.1M |
|
|
RETA
13
DELISTED
Reata Pharmaceuticals, Inc. Class A Common Stock
RETA
| $92.7M | 2.5% |
749,897
+205,996
| +38% | +$27.1M |
|
|
B
14
Barrick Mining
B
$64.3B
| $82.2M | 2.21% |
3,606,850
-1,246,303
| -26% | -$31.6M |
|
15
NextEra Energy
NEE
$179B
| $60.2M | 1.62% |
779,800
-83,736
| -10% | -$6.26M |
|
16
Cloudflare
NET
$103B
| $60.1M | 1.62% |
790,848
+534,313
| +208% | +$35M |
|
17
Teck Resources
TECK
$31.3B
| $59.4M | 1.6% |
3,275,350
+2,614,150
| +395% | +$40.3M |
|
18
Carnival Corporation Ltd
CCL
$40.4B
| $57.3M | 1.54% |
2,644,400
+641,900
| +32% | +$11.4M |
|
|
19
Cummins
CMI
$84.2B
| $49.8M | 1.34% |
+219,320
| New | +$49.3M |
|
20
GE Aerospace
GE
$383B
| $47.3M | 1.27% |
877,941
| – | – |
|
21
Sunrun
RUN
$2.54B
| $45.9M | 1.24% |
+661,535
| New | +$41.1M |
|
22
Linde
LIN
$222B
| $38.1M | 1.03% |
+144,675
| New | +$35.5M |
|
23
Xtrackers Harvest CSI 300 China A-Shares ETF
ASHR
$1.56B
| $36.7M | 0.99% |
+915,910
| New | +$34.3M |
|
24
IQVIA
IQV
$37.7B
| $36.2M | 0.97% |
201,977
+130,267
| +182% | +$22M |
|
25
Expedia Group
EXPE
$36.4B
| $35.8M | 0.96% |
270,299
-45,979
| -15% | -$5.18M |
|
Similar funds
Stanley Druckenmiller's Q4 2020 Portfolio in Review
As of Q4 2020, Stanley Druckenmiller held 82 positions worth $3.71B, up 7.8% from $3.44B the previous quarter. Its ten largest holdings account for 60% of the portfolio.
Stanley Druckenmiller withdrew a net $303M in Q4 2020, closing 26 positions and reducing 16 holdings. Its most notable exit was Alibaba, an estimated $160M position sold in full.
By sector, the portfolio is most concentrated in Technology at 33% of assets, up from 26% a quarter earlier, followed by Consumer Discretionary and Communication Services.
Against the trend, Stanley Druckenmiller opened a new position in Cummins worth $49.8M.
- Stanley Druckenmiller's largest Q4 2020 buy was Cummins: 219,320 shares worth $49.8M.
- Stanley Druckenmiller added most to Palo Alto Networks in Q4 2020, an estimated $106M increase.
- Stanley Druckenmiller's biggest Q4 2020 reduction was JD.com, cutting an estimated $110M.
- Stanley Druckenmiller fully exited Alibaba in Q4 2020, selling an estimated $160M.
- Stanley Druckenmiller's ten largest holdings make up 60% of its $3.71B portfolio in Q4 2020.
- Stanley Druckenmiller opened 21 new positions and closed 26 in Q4 2020.
- Stanley Druckenmiller's portfolio value rose 7.8% quarter-over-quarter to $3.71B.
Based on Duquesne Family Office's 13F filing for Q4 2020, filed 16 Feb 2021.