The legendary investor founded his hedge fund, Duquesne Capital, in 1981, . At 09/30/2022: $1,763,329. He worked for billionaire George Soros for more than a decade, making bets on currencies. REQUIREMENTS: Minimum qualifications: Bachelor's degree required in relevant fields of study. They add up to ~53% of the portfolio. Leaves Dreyfus to take reins Soros Fund Management's Quantum fund. Duquesne Capital Management provides its services to high net worth individuals and institutions. At the end of the second quarter, Druckenmiller's top five positions were Apple. Graduates from college preparatory school in Richmond, Virginia. Stanley Druckenmiller started the family office in Q4 2011 after closing his hedge fund Duquesne Capital in 2010. Last week Boston-based Highfields Capital co-founder Richard Grubman said he was retiring. He closed the fund in August 2010. . Palo Alto Networks (PANW): PANW is a large 4.63% of the portfolio position established in H2 2020 at prices between ~$163 and ~$238. '"[7] Duquesne Capital Management posts an average annual return of 30 percent without any money-losing year. The bursting of the dot-com bubble in March 2000 hurt his portfolio, prompting him to quit his post managing the Quantum Fund after a dozen years. Chicago, IL 60601, Bridgewater exits Ray Dalio era with hedge fund overhaul, bets on AI, job cuts, Bridgewater promotes Karen Karniol-Tambour to co-CIO, Bankruptcy-litigation hedge funds see potential in Genesis, FTX collapse, Sponsored Content: Private Debt: Entering a New Era, The Institutional Investors Guide to ESG Investing, Climate Change: The Inescapable Opportunity, 2022 Defined Contribution East Conference, HFR: Hedge fund liquidations outpaced launches in Q3, Macro hedge fund Stone Milliner shutting down, Duquesne Capital alums opening new hedge fund. Recent activity follows. ? The position was sold down by ~60% last quarter at prices between ~$302 and ~$370. Stanley Freeman Druckenmiller was born in Pittsburgh on June 14, 1953, to Stanley and Anne Druckenmiller. I am not receiving compensation for it (other than from Seeking Alpha). He didn't provide further details. The largest company in Stanley Druckenmiller portfolio by market cap is Apple Inc, while the smallest is Dunkin Brands Group Inc.4. Duquesne Capital - Stanley Druckenmiller assets under management (13F Holdings), latest news, 13D/G filings, and investor letters provided by Insider Monkey. Meta Platforms (FB), previously Facebook: FB was a 1.17% of the portfolio stake built in H1 2021 at prices between ~$246 and ~$356. We still like this investment. In this article, we discuss the 12 best stocks to buy for flat markets according to Stanley Druckenmiller. In this article, we discuss 10 value stock picks of billionaire Stanley Druckenmiller in 2022. You can get rich by returning 20% per year and compounding that for several years. Q1 2021 also saw a ~14% stake increase. ET Game Venue: San Siro, Milan, Italy. In 1981, Druckenmiller founded his own firm Duquesne Capital Management. PointState started with about $5 billion $1 billion from Mr. Druckenmiller and $4 billion from clients of Duquesne, where Mr. Schreiber had been a top money-making portfolio manager. Stanley Druckenmillers 13F portfolio value decreased from $3.08B to $2.76B this quarter. You are limited to the prior 8 quarters of 13F filings. Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter. 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. 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Modified: 3/1/2023 9:52:21 PM. All content is posted anonymously by employees working at DUQUESNE CAPITAL MANAGEMENT L L C. Warren Buffett took 25% of all returns in excess of 6 percent. Druckenmiller was an avid Little League pitcher, and excelled at sports including golf, bocce and badminton. Investment Banking Finance Lending & Brokerage Finance Venture Capital & Private Equity. 3-Point Goals: 5-16, .313 (Luis 2-3, Weeks 2-4, Dominguez 1-2, K.Thompson 0-1, Diggins 0-3, Gapare 0-3). He declined to comment on his net worth through spokesman Shawn Pattison. Hence, he closed the fund that has been running for 29 years (it was founded back in 1981) and had $12 billion in assets, and turned it into a family office, which, interestingly, still issues quarterly 13Fs. PointState has fared worse than many of its peers. Stanley Druckenmiller may be one of the greatest compounding money machines in history. Hit the game-winning shot in the CSC tournament final. Full Time position. 3-Year Annualized Return 3-Year Cumulative Return Rank Compared to other Funds; Top 20 Holdings Weighted Performance vs S&P500. Renaissance Technologies Point72 Asset Management Greenlight Capital Oaktree Capital Management Paulson & Co Zebra Capital Management Bill & Melinda Gates Foundation Trust Citadel Advisors Pershing Square . This quarter saw another ~15% stake increase at prices between ~$26 and ~$31. Sign up and get the best of News delivered straight to your email inbox, free of charge. . [5] He became head of the bank's equity research group after one year. In 1981, Druckenmiller founded his own firm - Duquesne Capital Management. [8] Since then, he has concentrated full-time on Duquesne Capital. 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. 19 Aug, 2010, 03.52 . But they also engaged in old-fashioned stock picking, researching companies through fundamental security analysis. for Q4 2022. LIMIT THE USE OF MY SENSITIVE PERSONAL INFORMATION. New York University Langone Medical Center. The stake has wavered. In December 2021, he was estimated to have more about $1.7 billion with PointState and other hedge fund managers, based on a Bloomberg index of hedge fund returns. This article is originally published at Insider Monkey. The original stake was built in 2017 at prices between ~$750 and ~$1190. Assets climbed to a peak of $10 billion. 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. The first generation of benchmark commodity index products, led by the S&P GSCI Total Return Index, aim to capture roll returns in . Name & Title SEC 13F filings are viewable for Duquesne Family Office going back to 2011. The stock currently trades at $51.45. Valuations are Exits 5. email address below and choose 'Submit'. The position was rebuilt over the last three quarters at prices between ~$1735 and ~$2917. Bush). he was tired of the stress of managing money for others and frustrated by his failure in the past three years to match returns. Duquesne Capital Management provides its services to high net worth individuals and institutions. ? In a letter sent to his 100-plus investors on Wednesday, Druckenmiller, the 57-year-old chief executive of $12 billion Duquesne Capital Management, said he was dissatisfied with his recent . There was a ~175% stake increase this quarter at prices between ~$24.60 and ~$46.30. At 06/30/2022: $1,382,166. [1] [2] As of 2016, the firm reported $1,026B in managed securities and a portfolio with a 23.8 percent allocation in the materials sector, a 15.3 percent allocation in the health care sector, and a 14.6 percent allocation in the . Mr. Druckenmillers career has not been without missteps. Since its inception in May 2014, our flagship strategy generated a cumulative return of 103%, beating the S&P 500 ETF (SPY) by nearly 38 percentage points (see the details here). Druckenmiller read "The Alchemy of Finance" by George Soros and recognized they shared the same investment style. CVX is a 3.51% of the portfolio stake purchased at prices between ~$102 and ~$119 and the stock currently trades well above that range at ~$166. Druckenmillers defensive plays conserved value and cemented his reputation as a star. . On one hand, the two fund managers placed large bets on global currencies and commodities by watching charts and focusing on political trends. 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. Duquesne Capital Management LLC Pittsburgh. We see several investors trying to strike it rich in options market by risking their entire savings. Shares started trading at ~$49 and currently goes for $18.92. the MV of securities sold, whichever is less, I visted the Botanic Gardens, City Market, made . It was rebuilt this quarter at prices between ~$204 and ~$303. over more than 4 decades of investing, Druckenmiller has never recorded a down year (his fund even notched a return of . The one thing Im doing is Im learning who my friends are and who my enemies are, and Im making lists, Goldmans president, Gary D. Cohn, told Mr. Druckenmiller at the time. They add up to ~53% of the portfolio. 130 E. Randolph St. PointState had 90 employees as of November. Here's Why. We give you the access and tools to invest like a Wall Street money manager at a Main Street price. The stake was rebuilt over the next two quarters at prices between ~$1780 and ~$2880. Airbnb (ABNB): ABNB is a ~3% of the portfolio stake established in Q2 2021 at prices between ~$133 and ~$190 and it is now at ~$171. In Stanley Druckenmiller's current portfolio as of 2022-09-30, the top 5 holdings are Coupang Inc (CPNG), Eli Lilly . Teck Resources (TECK): TECK was a 2.47% of the portfolio position built in Q4 2020 at prices between ~$12.25 and ~$18.85. Duquesne which oversees $12 billion has not reported a down year in its history, though it is down about 5 percent so far this year, according to a person briefed on the matter. [25] The Stanley F. Druckenmiller Hall, built in 1997 at Bowdoin College, is named after Druckenmiller's grandfather and was dedicated to Bowdoin by Druckenmiller himself. As per the news at that time . His investment philosophy is to adopt an active trading style similar to that of George Soros by holding long options and shorts while using leverage for futures trades; additionally, he invests in gold and bitcoin. Senior Property Tax Specialist. BOSTON, Feb. 18, 2022 /PRNewswire/ -- On February 18th, Parkway Generation, LLC, a wholly owned subsidiary of ArcLight Energy Partners Fund VII, L.P., closed the previously . In the same report you can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12-24 months. The way to build long-term returns is through preservation of . His hedge fund track record is renowned on Wall Street, generating annualized returns of 30% during his investment career. We initially share this idea in October 2018 and the stock already returned more than 150%. [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. At the peak of the technology boom in 1999 and 2000, he made a big bet on Internet stocks. In this article, we discuss 10 dividend stocks to buy according to billionaire Stanley Druckenmiller's Duquesne Capital. All quotes delayed a minimum of 15 minutes. Neilson Barnard/Getty Images Entertainment. 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