In this article, we discuss the 10 stocks that billionaire Stanley Druckenmiller is selling. NEW YORK, NY [1] He grew up in a middle-class household in the suburbs of Philadelphia. The 2.46% of the portfolio SNAP position was established at prices between ~$44.50 and ~$77 and it is now below the low end of that range at ~$37. Heatmaps of the top 13f holdings and a list of the largest trades made by Duquesne Family Office, the hedge fund managed by Stanley Druckenmiller. Our elite roster of entrepreneurial hedge funds and private asset managers leverages our expertise and technology to operationalize their investment strategies. And, the positions the fund completely sold out in the quarter counted those in salesforce.com, inc. (CRM), Gilead Sciences, Inc. (NASDAQ:GILD), Medtronic plc (NYSE:MDT), Delta Air Lines, Inc. (NYSE:DAL), American Airlines Group Inc. (NASDAQ:AAL), and Kohls Corporation (NYSE:KSS). Founder of hedge fund Duquesne Capital. To consistently deliver news, research and analysis to the executives who manage the flow of funds in the institutional investment market. It is based on Stanley Druckenmiller's regulatory 13F Form filed on 2/14/2022. THE. [7] He left Soros in 2000 after taking large losses in technology stocks. . Mr. Samuelson will stay at PointState "for several months" during a transition, Mr. Schreiber said, and will remain an investor in the firm. Druckenmiller graduated with a BA in English and Economics from Bowdoin College, and he decided to drop a three-year Ph.D. program in Economics at the University of Michigan in order to take a position of an oil analyst for Pittsburgh National Bank. Download 13F Summary The position was rebuilt over the last three quarters at prices between ~$1735 and ~$2917. There was a ~63% reduction over the last two quarters at prices between ~$236 and ~$305. Warren Buffett never mentions this but he is one of the first hedge fund managers who unlocked the secrets of successful stock market investing. The idea for the company emerged from their senior finance capstone coursewhich focused on designing quantitative models to outperform the market. Duquesne Family Office has met the qualifications for inclusion in our WhaleScore system. This asymmetry in regulatory outcomes requires a rate of return in excess of the cost of capital, defined as the expected rate of return in capital 1. However, they had since erased the losses and closed with a small gain through successful bets that the market would rally in anticipation that the Federal Reserve would announce further "Quantitative Easing" to assist in reducing unemployment and avoid deflation. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. In 1976, he married his high school sweetheart; they divorced in 1980. There was a ~50% stake increase last quarter at prices between ~$28 and ~$44.50. [12] In November 2020, he stated that he owned both gold and bitcoin. Druckenmiller had a 10.5M share stake that went back to funding rounds prior to the IPO. Game Date: February 26, 2023 Game Time: 2:45 p.m. Receives English and economics degree from Bowdoin, magna cum laude. Find top employees, contact details and business statistics at RocketReach. He got his start in money management soon after college when he quit plans to earn a doctorate and joined a Pittsburgh-based bank as a stock analyst. WSC is a 2.22% stake purchased at prices between ~$31.50 and ~$41 and it currently goes for $39.46. . As of 09/30/2022, below is a summary of the Duquesne Family Office LLC top holdings . I am not receiving compensation for it (other than from Seeking Alpha). Druckenmiller had it all in his head at once.. Amazon.com (AMZN): AMZN is currently a top-five position at 6.88% of the portfolio. Duquesne's programs have won praise for innovation and continued high quality including accolades as a "first-tier university," "top 100 undergraduate school," and "Most Popular.". the MV of securities sold, whichever is less, Position: Senior Financial Analyst-Renewable Natural Gas (Hybrid)<br>Location: Hamburg<br><p>UGI Energy Services supplies and markets natural gas, liquid fuels, and electricity to 40,000 customer locations across the Mid-Atlantic and Northeastern US.</p><p>We are a supplier, marketer, and midstream services provider - one backed by 135 years of natural gas experience, plus our own expanding . Stanley Druckenmiller may be one of the greatest compounding money machines in history. Feb 18, 2022, 10:32 ET. Im going to Europe, Mr. Soros said, according to Mr. Mallabys account. In the regulatory environment after Duquesne, investors are exposed to substantial risks from very large cost disallowances without equivalent opportu-nities for gain. Sign-up Company profile page for Duquesne Capital LP including stock price, company news, press releases, executives, board members, and contact information . In 1981, Druckenmiller founded his own firm - Duquesne Capital Management. Whalewisdom has at least 43 13F filings, 12 13D filings, and 53 13G filings. About $2.7 billion belongs to the foundation, based on Bloomberg calculations, and this sum isn't included in his net worth calculation. Yet Mr. Schreiber couldn't keep the original team in place. . The purchase prices were between $34.68 and $69.91, with an estimated average price of $52.07. converted to U.S. dollars at current exchange rates Read Assets climbed to a peak of $10 billion. Druckenmiller bet against the British pound in 1992 on the belief that the Bank of England had insufficient reserves to prop up its currency. Druckenmiller, who earned an undergraduate degree from Bowdoin College, has amassed one of the most enviable records in the $1.6 trillion hedge fund industry. 1, Mineralys Therapeutics, Inc. (MLYS), Forward Air Corp (FWRD), and More, Hedge Fund and Insider Trading News: David Einhorn, Stan Druckenmiller, Ray Dalio, Paul Tudor Jones, George Soros, Modulo Capital, Altisource Portfolio Solutions S.A. (ASPS), Moderna, Inc. 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(TCDA), Hillenbrand, Inc. (HI), and More, Stanley Druckenmiller Was Right About These 9 Stocks, Billionaire Stanley Druckenmiller's 2022 Portfolio: 10 Value Stock Picks, 10 Tech Stocks to Sell in 2022 According to Billionaire Stanley Druckenmiller, How to Best Use Insider Monkey to Increase Your Returns, 6 Things You Didn't Know About Hedge Funds. He then focused on Duquesne and continued his successes, boasting an annualized 30 percent return for his career when he decided to close the hedge fund in 2010, tired of the stress of managing other people's money. He resigned from Soros Fund Management before the end of that year. Duquesne Family Office 2022 Q4 filed Feb. 14, 2023 . In case the buy price of a purchase wasn't reported, the average price during the reported period is taken. Several months later, he earned another $1 billion betting against the Swedish krona and later won shorting the Thai baht and Malaysian ringgit. Toronto is currently in ninth place, while Washington is in 10th, which means if the season ended today, both squads would be in . Renaissance Technologies Point72 Asset Management Greenlight Capital Oaktree Capital Management Paulson & Co Zebra Capital Management Bill & Melinda Gates Foundation Trust Citadel Advisors Pershing Square . There was a ~25% stake increase in Q2 2021 at prices between ~$3152 and ~$3505. Later that decade, Mr. Soros, who had begun shifting his focus to philanthropy, recruited Mr. Druckenmiller to become the principal manager of his Quantum Fund after Mr. Druckenmiller read Mr. Soross book The Alchemy of Finance and arranged to meet him. (See BreakingViews column: [ID:nN18247207]). Summary Investments People Signals & News. In this article we present the list of 10 Stocks That Have Grabbed Stanley Druckenmillers Attention in 2022. Stanley Freeman Druckenmiller is a hedge fund manager, philanthropist, and investor. Organizer John Higgins. S&P 500 Index lost 10.8% in 1957, so Buffetts investors actually thrilled to beat the market by 20.1 percentage points in 1957. A devoted Pittsburgh Steelers fan who routinely attends home games, Mr. Druckenmiller made an unsuccessful bid for the National Football League team in 2008. Zoom Video (ZM):. [20] He made a similar warning in 2013 during an address at Bowdoin College in which he noted that, since 1994, he has been concerned that spending on government entitlement programs would lead to an economic crisis worse than the financial collapse of 2008. In 1981, Druckenmiller founded his own firm Duquesne Capital Management. I've spent more than 20 years leading venture capital investments, and each has been a high-octane ride of do-it-now, break-it-faster, we-can-always-patch-it-later. Talking about the Stanley Druckenmiller holdings in Microsoft Corporation, out of 100%, this company holds 15.88% of its portfolio. Founds Duquesne Capital Management with $1 million in separate accounts. Shares started trading at ~$37.50 and currently goes for $35.74. Druckenmiller's small 0.74% of the portfolio stake goes back to funding rounds prior to the IPO. Two years ago Daniel Benton shut down his firm. Browse 154 duquesne capital stock photos and images available, or start a new search to explore more stock photos and images. The position was sold down to a very small 0.84% of the portfolio stake last quarter at prices between ~$19.50 and ~$26.80. There are 28 securities that are significantly large (more than ~0.5% of the portfolio each) and they are the focus of this article. 3-Year Annualized Return 3-Year Cumulative Return Rank Compared to other Funds; Top 20 Holdings Weighted Performance vs S&P500. Investors in the share class that can withdraw money on a quarterly basis have until Jan. 31 to say if they want to redeem at the end of March, Mr. Schreiber said in the letter. I wrote this article myself, and it expresses my own opinions. Frozen Fruit, Juice, and Vegetable Manufacturing, Data Processing, Hosting, and Related Services, Semiconductor and Related Device Manufacturing, Optical Instrument and Lens Manufacturing, Water and Sewer Line and Related Structures Construction, Wireless Telecommunications Carriers (except Satellite), Crude Petroleum and Natural Gas Extraction, Farm Machinery and Equipment Manufacturing, Software and Other Prerecorded Compact Disc, Tape, and Record Reproducing, Other Aircraft Parts and Auxiliary Equipment Manufacturing, Bituminous Coal and Lignite Surface Mining. While equities were the firm's biggest exposure in the first three quarters of this year, losses in other strategies, including corporate debt and currencies, eroded those profits. Leaves Dreyfus to take reins Soros Fund Management's Quantum fund. Venture Capital 18,250; Highlights. Donates $36.5 million to build science center at Bowdoin College. I overplayed my hand.. This quarter saw a ~42% reduction at prices between ~$3190 and ~$3696. The Need for Speed in Trend-Following Strategies, Global Fixed Income: Volatility and Uncertainty Here to Stay, Morningstar Indexes' Annual ESG Risk/Return Analysis, 2023 Outlook: The Top Five Trends to Monitor in the Year Ahead, Show Me the Income: Discovering plan sponsor and participant preferences for cr, The Future of Infrastructure: Building a Better Tomorrow, For institutional investors, ETFs can make meeting liquidity needs easier, Gold: the most effective commodity investment, 2021 Investment Outlook | Investing Beyond the Pandemic: A Reset for Portfolios, Ten ways retirement plan professionals add value to plan sponsors. Is based on Stanley Druckenmiller 's regulatory 13F Form filed on 2/14/2022 wrote this article duquesne capital returns the! $ 52.07 amp ; P500 vs S & amp ; P500 $ 3190 and ~ $ 28 ~. 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