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 |
Alphabet (Google) Class A
GOOGL
|
+$140M |
| 2 |
Airbnb
ABNB
|
+$88.1M |
| 3 |
Netflix
NFLX
|
+$88M |
| 4 |
Amazon
AMZN
|
+$62.3M |
| 5 |
Carvana
CVNA
|
+$40.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$158M |
| 2 |
Citigroup
C
|
+$155M |
| 3 |
Sea Limited
SE
|
+$112M |
| 4 |
B
Barrick Mining
B
|
+$71.4M |
| 5 |
Mercado Libre
MELI
|
+$63.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 37.8% |
| 2 | Technology | 22.13% |
| 3 | Communication Services | 15.56% |
| 4 | Materials | 7.53% |
| 5 | Industrials | 6.48% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Coupang
CPNG
$30.1B
| $440M | 10.89% |
10,515,368
-714,285
| -6% | -$29.2M |
|
|
2
Microsoft
MSFT
$3.66T
| $409M | 10.12% |
1,508,016
-620,737
| -29% | -$158M |
|
|
3
Amazon
AMZN
$2.99T
| $325M | 8.04% |
1,888,100
+375,140
| +25% | +$62.3M |
|
4
Starbucks
SBUX
$120B
| $258M | 6.39% |
2,306,245
+47,365
| +2% | +$5.35M |
|
|
5
Alphabet (Google) Class A
GOOGL
$4.62T
| $222M | 5.5% |
1,820,180
+1,197,040
| +192% | +$140M |
|
6
Freeport-McMoran
FCX
$96.7B
| $203M | 5.03% |
5,469,100
-655,279
| -11% | -$25.5M |
|
7
T-Mobile US
TMUS
$190B
| $187M | 4.62% |
1,289,235
-298,905
| -19% | -$41.2M |
|
8
Palo Alto Networks
PANW
$299B
| $153M | 3.78% |
2,466,090
-36,414
| -1% | -$2.16M |
|
|
9
Carvana
CVNA
$74.8B
| $109M | 2.71% |
1,809,530
+740,195
| +69% | +$40.3M |
|
10
Palantir
PLTR
$390B
| $106M | 2.62% |
4,013,692
-1,970,300
| -33% | -$45.6M |
|
11
Meta Platforms (Facebook)
META
$1.5T
| $94.7M | 2.35% |
272,488
+87,074
| +47% | +$27.9M |
|
12
Affirm
AFRM
$26.2B
| $92.9M | 2.3% |
1,378,692
| – | – |
|
|
13
Netflix
NFLX
$306B
| $91M | 2.25% |
+1,722,150
| New | +$88M |
|
|
RETA
14
DELISTED
Reata Pharmaceuticals, Inc. Class A Common Stock
RETA
| $90.2M | 2.23% |
637,344
-112,553
| -15% | -$12.7M |
|
|
15
Airbnb
ABNB
$89B
| $86M | 2.13% |
+561,831
| New | +$88.1M |
|
16
Intuit
INTU
$88.5B
| $86M | 2.13% |
175,515
| – | – |
|
17
Teck Resources
TECK
$31.8B
| $86M | 2.13% |
3,731,790
-819,270
| -18% | -$18.6M |
|
18
Expedia Group
EXPE
$37.5B
| $82.9M | 2.05% |
506,364
+63,270
| +14% | +$10.9M |
|
19
Cummins
CMI
$87.8B
| $79.2M | 1.96% |
324,725
| – | – |
|
20
PENN Entertainment
PENN
$2.68B
| $68.9M | 1.71% |
900,304
| – | – |
|
21
Booking.com
BKNG
$151B
| $65.4M | 1.62% |
747,600
| – | – |
|
22
GE Aerospace
GE
$391B
| $58.9M | 1.46% |
877,941
| – | – |
|
23
Moderna
MRNA
$22.8B
| $52.3M | 1.29% |
+222,400
| New | +$39.7M |
|
24
KBR
KBR
$4.77B
| $50.6M | 1.25% |
1,325,896
+809,839
| +157% | +$32.1M |
|
25
Mastercard
MA
$500B
| $48.8M | 1.21% |
133,528
+54,654
| +69% | +$20.3M |
|
Similar funds
Stanley Druckenmiller's Q2 2021 Portfolio in Review
As of Q2 2021, Stanley Druckenmiller held 79 positions worth $4.04B, down 11% from $4.53B the previous quarter. Its ten largest holdings account for 60% of the portfolio.
Stanley Druckenmiller withdrew a net $691M in Q2 2021, closing 27 positions and reducing 13 holdings. Its most notable exit was Citigroup, an estimated $155M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 38% of assets, up from 34% a quarter earlier, followed by Technology and Communication Services.
Against the trend, Stanley Druckenmiller opened a new position in Airbnb worth $86M.
- Stanley Druckenmiller's largest Q2 2021 buy was Airbnb: 561,831 shares worth $86M.
- Stanley Druckenmiller added most to Alphabet (Google) Class A in Q2 2021, an estimated $140M increase.
- Stanley Druckenmiller's biggest Q2 2021 reduction was Microsoft, cutting an estimated $158M.
- Stanley Druckenmiller fully exited Citigroup in Q2 2021, selling an estimated $155M.
- Stanley Druckenmiller's ten largest holdings make up 60% of its $4.04B portfolio in Q2 2021.
- Stanley Druckenmiller opened 16 new positions and closed 27 in Q2 2021.
- Stanley Druckenmiller's portfolio value fell 11% quarter-over-quarter to $4.04B.
Based on Duquesne Family Office's 13F filing for Q2 2021, filed 16 Aug 2021.