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 |
Coupang
CPNG
|
+$173M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$70.7M |
| 3 |
Expedia Group
EXPE
|
+$63.1M |
| 4 |
Zoom
ZM
|
+$39.7M |
| 5 |
Live Nation Entertainment
LYV
|
+$36M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$212M |
| 2 |
Affirm
AFRM
|
+$92.9M |
| 3 |
Netflix
NFLX
|
+$91M |
| 4 |
Cummins
CMI
|
+$79.2M |
| 5 |
Carvana
CVNA
|
+$74.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 46.59% |
| 2 | Technology | 20.37% |
| 3 | Communication Services | 17.72% |
| 4 | Healthcare | 6.95% |
| 5 | Materials | 6.04% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Coupang
CPNG
$30.3B
| $432M | 14.02% |
15,506,097
+4,990,729
| +47% | +$173M |
|
2
Amazon
AMZN
$3T
| $321M | 10.41% |
1,951,320
+63,220
| +3% | +$10.9M |
|
|
3
Alphabet (Google) Class A
GOOGL
$4.64T
| $313M | 10.16% |
2,339,880
+519,700
| +29% | +$70.7M |
|
4
Starbucks
SBUX
$120B
| $232M | 7.55% |
2,107,315
-198,930
| -9% | -$23.3M |
|
|
5
Microsoft
MSFT
$3.68T
| $219M | 7.12% |
777,689
-730,327
| -48% | -$212M |
|
6
Palo Alto Networks
PANW
$299B
| $191M | 6.21% |
2,394,216
-71,874
| -3% | -$5.05M |
|
7
Freeport-McMoran
FCX
$96.5B
| $157M | 5.11% |
4,836,809
-632,291
| -12% | -$22.3M |
|
|
8
Expedia Group
EXPE
$37.4B
| $150M | 4.87% |
914,282
+407,918
| +81% | +$63.1M |
|
9
T-Mobile US
TMUS
$189B
| $109M | 3.55% |
855,187
-434,048
| -34% | -$60.5M |
|
10
Booking.com
BKNG
$150B
| $103M | 3.36% |
1,088,225
+340,625
| +46% | +$30.6M |
|
11
Airbnb
ABNB
$89.1B
| $84.1M | 2.73% |
501,351
-60,480
| -11% | -$9.24M |
|
|
RETA
12
DELISTED
Reata Pharmaceuticals, Inc. Class A Common Stock
RETA
| $69.9M | 2.27% |
695,033
+57,689
| +9% | +$6.76M |
|
13
Intuit
INTU
$88.3B
| $47M | 1.53% |
87,149
-88,366
| -50% | -$47.6M |
|
|
14
Carvana
CVNA
$74.8B
| $41.4M | 1.34% |
686,185
-1,123,345
| -62% | -$74.7M |
|
15
Palantir
PLTR
$389B
| $39.3M | 1.27% |
1,632,937
-2,380,755
| -59% | -$58.1M |
|
|
16
Live Nation Entertainment
LYV
$43.1B
| $39M | 1.27% |
+427,750
| New | +$36M |
|
17
Meta Platforms (Facebook)
META
$1.5T
| $35.9M | 1.17% |
105,883
-166,605
| -61% | -$60M |
|
18
KBR
KBR
$4.77B
| $34.1M | 1.11% |
865,596
-460,300
| -35% | -$17.9M |
|
19
Moderna
MRNA
$22.8B
| $33.1M | 1.07% |
85,971
-136,429
| -61% | -$50.3M |
|
|
20
Zoom
ZM
$29.9B
| $30.8M | 1% |
+117,690
| New | +$39.7M |
|
21
PENN Entertainment
PENN
$2.67B
| $30.2M | 0.98% |
417,200
-483,104
| -54% | -$35.5M |
|
|
COUP
22
DELISTED
Coupa Software Incorporated
COUP
| $30.2M | 0.98% |
137,634
+29,646
| +27% | +$6.96M |
|
23
Sea Limited
SE
$68.4B
| $28M | 0.91% |
87,874
-55,544
| -39% | -$17M |
|
24
Flex
FLEX
$47.1B
| $27.1M | 0.88% |
2,035,499
-237,334
| -10% | -$3.19M |
|
25
Teck Resources
TECK
$31.8B
| $26M | 0.84% |
1,044,452
-2,687,338
| -72% | -$61.6M |
|
Similar funds
Stanley Druckenmiller's Q3 2021 Portfolio in Review
As of Q3 2021, Stanley Druckenmiller held 64 positions worth $3.08B, down 24% from $4.04B the previous quarter. Its ten largest holdings account for 72% of the portfolio.
Stanley Druckenmiller withdrew a net $817M in Q3 2021, closing 15 positions and reducing 19 holdings. Its most notable exit was Affirm, an estimated $92.9M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 47% of assets, up from 38% a quarter earlier, followed by Technology and Communication Services.
Against the trend, Stanley Druckenmiller opened a new position in Zoom worth $30.8M.
- Stanley Druckenmiller's largest Q3 2021 buy was Zoom: 117,690 shares worth $30.8M.
- Stanley Druckenmiller added most to Coupang in Q3 2021, an estimated $173M increase.
- Stanley Druckenmiller's biggest Q3 2021 reduction was Microsoft, cutting an estimated $212M.
- Stanley Druckenmiller fully exited Affirm in Q3 2021, selling an estimated $92.9M.
- Stanley Druckenmiller's ten largest holdings make up 72% of its $3.08B portfolio in Q3 2021.
- Stanley Druckenmiller opened 12 new positions and closed 15 in Q3 2021.
- Stanley Druckenmiller's portfolio value fell 24% quarter-over-quarter to $3.08B.
Based on Duquesne Family Office's 13F filing for Q3 2021, filed 15 Nov 2021.