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 |
Eli Lilly
LLY
|
+$89.6M |
| 2 |
Meta Platforms (Facebook)
META
|
+$87M |
| 3 |
NVIDIA
NVDA
|
+$85.5M |
| 4 |
Lamb Weston
LW
|
+$60.5M |
| 5 |
Chevron
CVX
|
+$51.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amazon
AMZN
|
+$102M |
| 2 |
Microsoft
MSFT
|
+$45.1M |
| 3 |
T-Mobile US
TMUS
|
+$38M |
| 4 |
Workday
WDAY
|
+$36.7M |
| 5 |
Datadog
DDOG
|
+$35.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 19.51% |
| 2 | Consumer Discretionary | 17.57% |
| 3 | Energy | 16.83% |
| 4 | Industrials | 12.66% |
| 5 | Communication Services | 9.85% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Coupang
CPNG
$30.3B
| $298M | 14.77% |
20,283,765
+849,458
| +4% | +$15M |
|
|
2
Eli Lilly
LLY
$991B
| $270M | 13.36% |
737,725
+252,830
| +52% | +$89.6M |
|
|
3
Chevron
CVX
$379B
| $177M | 8.74% |
983,655
+293,360
| +42% | +$51.2M |
|
|
4
Lamb Weston
LW
$7.3B
| $148M | 7.33% |
1,657,875
+711,075
| +75% | +$60.5M |
|
|
5
Meta Platforms (Facebook)
META
$1.5T
| $109M | 5.37% |
901,675
+741,315
| +462% | +$87M |
|
6
KBR
KBR
$4.77B
| $89.1M | 4.41% |
1,687,468
-128,715
| -7% | -$6.41M |
|
|
7
NVIDIA
NVDA
$5.15T
| $85.2M | 4.22% |
+5,829,150
| New | +$85.5M |
|
8
Vertiv
VRT
$105B
| $80.8M | 4% |
5,916,120
+990,050
| +20% | +$13.2M |
|
9
Teck Resources
TECK
$31.8B
| $67.3M | 3.33% |
1,780,705
+409,510
| +30% | +$14.2M |
|
|
10
T-Mobile US
TMUS
$189B
| $63.6M | 3.15% |
454,362
-264,655
| -37% | -$38M |
|
11
Cenovus Energy
CVE
$53.1B
| $52.4M | 2.6% |
2,701,140
+1,863,295
| +222% | +$35.7M |
|
12
Option Care Health
OPCH
$3.55B
| $45.9M | 2.27% |
1,526,120
+1,214,020
| +389% | +$37.7M |
|
13
Lennar Class A
LEN
$21B
| $40M | 1.98% |
+456,474
| New | +$37M |
|
14
Freeport-McMoran
FCX
$96.5B
| $31.8M | 1.58% |
837,627
-332,150
| -28% | -$11.6M |
|
15
Deere & Co
DE
$167B
| $31.3M | 1.55% |
+72,905
| New | +$29.6M |
|
16
Occidental Petroleum
OXY
$54.7B
| $26.5M | 1.31% |
+420,580
| New | +$28.6M |
|
17
Natera
NTRA
$39.5B
| $25.9M | 1.28% |
643,530
+228,575
| +55% | +$9.42M |
|
18
AT&T
T
$160B
| $25.3M | 1.25% |
+1,375,780
| New | +$24.6M |
|
|
19
Datadog
DDOG
$103B
| $24.4M | 1.21% |
332,253
-456,922
| -58% | -$35.7M |
|
20
Alnylam Pharmaceuticals
ALNY
$29.1B
| $21.1M | 1.05% |
88,910
| – | – |
|
21
Ovintiv
OVV
$16.8B
| $21M | 1.04% |
413,980
+219,860
| +113% | +$11.5M |
|
22
Advanced Micro Devices
AMD
$861B
| $20M | 0.99% |
+308,235
| New | +$20.3M |
|
23
Parker-Hannifin
PH
$125B
| $19.4M | 0.96% |
+66,800
| New | +$19.1M |
|
|
ARCH
24
DELISTED
Arch Resources, Inc.
ARCH
| $18.4M | 0.91% |
129,140
-18,795
| -13% | -$2.75M |
|
25
Vale
VALE
$63.1B
| $17.7M | 0.88% |
+1,045,000
| New | +$15.7M |
|
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Stanley Druckenmiller's Q4 2022 Portfolio in Review
As of Q4 2022, Stanley Druckenmiller held 81 positions worth $2.02B, up 15% from $1.76B the previous quarter. Its ten largest holdings account for 69% of the portfolio.
Stanley Druckenmiller deployed $168M of net new capital in Q4 2022, opening 16 new positions and adding to 11 existing holdings. Its largest new stake was NVIDIA: 5,829,150 shares worth $85.2M.
By sector, the portfolio is most concentrated in Healthcare at 20% of assets, up from 14% a quarter earlier, followed by Consumer Discretionary and Energy.
On the sell side, the largest reduction was T-Mobile US, an estimated $38M trimmed.
- Stanley Druckenmiller's largest Q4 2022 buy was NVIDIA: 5,829,150 shares worth $85.2M.
- Stanley Druckenmiller added most to Eli Lilly in Q4 2022, an estimated $89.6M increase.
- Stanley Druckenmiller's biggest Q4 2022 reduction was T-Mobile US, cutting an estimated $38M.
- Stanley Druckenmiller fully exited Amazon in Q4 2022, selling an estimated $102M.
- Stanley Druckenmiller's ten largest holdings make up 69% of its $2.02B portfolio in Q4 2022.
- Stanley Druckenmiller opened 16 new positions and closed 23 in Q4 2022.
- Stanley Druckenmiller's portfolio value rose 15% quarter-over-quarter to $2.02B.
Based on Duquesne Family Office's 13F filing for Q4 2022, filed 14 Feb 2023.