Mr. Schreiber also said in Friday's letter that the firm had "selectively reduced headcount" to simplify the business and help generate the risk-adjusted returns that clients expect. As a subscriber, you have 10 gift articles to give each month. There was a ~25% stake increase in Q2 2021 at prices between ~$3152 and ~$3505. We initially share this idea in October 2018 and the stock already returned more than 150%. Many of those investments . Link to 13F filings: SEC filings. In this article we present the list of 10 Stocks That Have Grabbed Stanley Druckenmillers Attention in 2022. This quarter saw a minor ~3% stake increase. 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. The position was rebuilt over the last three quarters at prices between ~$1735 and ~$2917. Actually Warren Buffett failed to beat the S&P 500 Index in 1958, returned only 40.9% and pocketed 8.7 percentage of it as fees. . If Warren Buffetts hedge fund didnt generate any outperformance (i.e. 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 upheavals at PointState mark the end of a year in which several well-known managers have called it quits, and many firms have struggled to make money a theme for much of the past decade. 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. (MRNA), and More, 12 Best Stocks To Buy For Flat Markets According To Druckenmiller, Stan Druckenmiller Portfolio: Top 10 Stock Picks, Hedge Fund and Insider Trading News: Steve Cohen, Stanley Druckenmiller, Ray Dalio, Crispin Odey, Citadel LLC, ExodusPoint Capital Management, Sound Point Capital Management, Braze Inc (BRZE), FedEx Corporation (FDX), and More, Market Could be "Flat" for 10 Years: Druckenmiller's Prediction and His 10 Defensive Stock Picks, Hedge Fund and Insider Trading News: Kyle Bass, Stanley Druckenmiller, Armistice Capital, AQR Capital Management, Millennium Management, Whale Rock Capital Management, Costco Wholesale Corporation (COST), Rocket Companies Inc (RKT), and More, 10 Dividend Stocks to Buy According to Billionaire Stanley Druckenmiller's Duquesne Capital, Billionaire Stanley Druckenmiller is Selling These 10 Stocks, Billionaire Stanley Druckenmiller is Decreasing Stakes in These 10 Stocks, 10 Stocks That Have Grabbed Stanley Druckenmillers Attention in 2022, Hedge Fund and Insider Trading News: Whitney Tilson, David Einhorn, Stanley Druckenmiller, Bill Ackman, Ray Dalio, Lone Pine Capital, Tricida, Inc. (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. S&P 500WhaleScore to generate high returns in the 20% to 30% range. Duquesne Capital Management, LLC has disclosed 65 total holdings in their latest 13F filing with the SEC for the portfolio date of 2022-09-30. 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. Stanley Druckenmiller, founder of Duquesne Capital Management, speaks at the Sohn Investment Conference in New York, May 8, 2013. . After nearly falling out over investment styles, Mr. Soros decided to move to London to give Mr. Druckenmiller more space, Mr. Mallaby recounted in his book. $6.4B. Last two quarters had seen a ~25% selling at prices between ~$30 and ~$45. Alphabet Inc. (GOOG): The large (top three) ~10% GOOG stake was established in Q4 2019 & Q1 2020 at prices between ~$1215 and ~$1521. Born in Philadelphia, son of a DuPont labor relations negotiator. There were also stocks in which Duquesne Family Office starter to lose faith and decided to lower its stakes during Q1, and those included Coupa Software Incorporated (NASDAQ:COUP), Workday, Inc. (NASDAQ:WDAY), AC Immune SA (NASDAQ:ACIU), and Okta, Inc. (NASDAQ:OKTA). LIMIT THE USE OF MY SENSITIVE PERSONAL INFORMATION. No. The worth of this company is $ 586.76M. In this article, we discuss 10 tech stocks to sell in 2022 according to billionaire Stanley Druckenmiller. During the quarter, the fund raised its stakes in Microsoft Corporation (NASDAQ:MSFT), iShares MSCI Emerging Markets ETF (NYSE:EEM), Alibaba Group Holding Limited (NYSE:BABA), Amazon.com, Inc. (NASDAQ:AMZN), Netflix, Inc. (NASDAQ:NFLX), and Adobe Inc. (NASDAQ:ADBE). Duquesne Capital Management 19 Aug, 2010, 03.52 . We see several investors trying to strike it rich in options market by risking their entire savings. Chevron Inc. (CVX), Snap Inc. (SNAP), WillScot Mobile Mini (WSC), and Ingersoll Rand (IR): These are the new positions this quarter. SEC form, multiple filers or classes of filers, and much more.***. Stanley Druckenmiller highest dividend-paying stocks are Pioneer Natural Resources Co.(11.93%), BlackRock Institutional Trust Company N.A. Duquesne Capital Management . WSC is a 2.22% stake purchased at prices between ~$31.50 and ~$41 and it currently goes for $39.46. 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. Duquesne gained about 10 percent in 2009 when others gained on average 20 percent. Yet Mr. Schreiber couldn't keep the original team in place. I started my trip around Karnataka by visiting Bangalore/Bengaluru and creating a travel vlog of my journey. Amazon.com (AMZN): AMZN is currently a top-five position at 6.88% of the portfolio. Rocketreach finds email, phone & social media for 450M+ professionals. He started hedge fund firm Duquesne Capital Management in 1986, delivering 30% returns annually before converting it into a family office in 2010. Mr. Samuelson, 46, "has decided to retire from investment management," co-founder Zach Schreiber said in a letter to clients Friday. Duquesne Family Office 2022 Q4 filed Feb. 14, 2023 . This quarter saw a ~42% reduction at prices between ~$3190 and ~$3696. I am not receiving compensation for it (other than from Seeking Alpha). Anyone can read what you share. Sign-up All quotes delayed a minimum of 15 minutes. 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). Druckenmillers most public claim to fame came when as the chief investment officer for industry legend George Soros, he helped engineer a huge bet against the British pound in 1992. 27. 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. But while his fund reported positive returns in 2008 and 2009 during the height of the financial crisis it failed to meet his average historical returns. Warren Buffett took 25% of all returns in excess of 6 percent. Most of his money is managed through Duquesne Family Office, a New York-based investment group he started with $3 billion in 2010. Dish Network (DISH), Flex Ltd. (FLEX), KBR Inc. (KBR), Option Care Health (OPCH), and Sea Ltd. (SE): These are very small (less than ~1% of the portfolio each) stakes that were increased this quarter. 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). At the time, PointState told potential clients that about 70% of assets were managed by Messrs. Schreiber and Samuelson, and the rest by teams focusing on everything from energy, materials and commodities to credit and distressed investing. Stanley Druckenmiller may be one of the greatest compounding money machines in history. 685 Third Avenue Back then they werent called hedge funds, they were called partnerships. There was a ~15% trimming over the last three quarters. In 2010, he returned all of his investors' money and converted Duquesne into a family office. 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. I am not receiving compensation for it (other than from Seeking Alpha). 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 current position was built in 2017 at prices between ~$60 and ~$90. The largest five stakes are Coupang, Alphabet, Microsoft, Freeport-McMoRan, and Amazon.com. Moderna (MRNA): The ~1% MRNA position was purchased in Q2 2021 at prices between ~$130 and ~$235. Graduates from college preparatory school in Richmond, Virginia. $10.1B can buy Druckenmiller's fortune is derived from the proceeds he's earned running hedge funds for more than 30 years. 1. Duquesne Family Office has met the qualifications for inclusion in . Duquesne Family Office is based out of New York. 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 . Druckenmiller also invested $1 billion at the time of the founding of PointState Capital, a hedge fund started in 2011 by former Duquesne money managers. 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. Duquesne Family Office LLC Holdings. In 1976, he married his high school sweetheart; they divorced in 1980. 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. The position was reduced by ~50% last quarter at prices between ~$495 and ~$577. He acted in a couple of plays, and graduated magna cum laude in 1975 with a bachelor's degree in English and economics. In Stanley Druckenmiller's current portfolio as of 2022-09-30, the top 5 holdings are Coupang Inc (CPNG), Eli Lilly . . [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 . 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. and a top 10 holdings concentration of 68.68%. They are AbCellera Biologics (ABCL), Acadia Pharma (ACAD), British American Tobacco (BTI), Caribou Biosciences (CRBU), Cazoo Group (CZOO), CCC Intelligent Solutions (CCCS), Fastly, Inc. (FSLY), Guidewire (GWRE), IHS Holding (IHS), Las Vegas Sands (LVS) Calls, Lithia Motors (LAD), Lockheed Martin (LMT), Ollie's Bargain (OLLI), Opendoor Tech. Listed on 2023-03-01. This will schedule a job to export all requested 13f holdings data for this filer. That followed a career-high 31 points against the Dukes in late . There was a ~7% trimming this quarter. This quarter saw a ~20% reduction at prices between ~$2665 and ~$3014. They calculated that the Bank of England did not have enough foreign currency reserves with which to buy enough sterling to prop up the currency and that raising interest rates would be politically unsustainable. [12] In November 2020, he stated that he owned both gold and bitcoin. Senior Property Tax Specialist. Live Nation Entertainment (LYV): The 1.27% of the portfolio LYV stake was purchased last quarter at prices between ~$75 and ~$94 and the stock currently trades well above that range at ~$118. Jim Cramer October 3, 2022. filed on 2/14/2022. Find company research, competitor information, contact details & financial data for Duquesne Capital Management LLC of Pittsburgh, PA. Get the latest business insights from Dun & Bradstreet. Stanley Druckenmiller may be one of the greatest compounding money machines in history. Bush). Stanley F. Druckenmiller, the hedge fund titan who led George Soross famous bet against the British pound, told clients on Wednesday that he was quitting the business and shutting down his investment firm, Duquesne Capital, after 30 years. Last two quarters had seen a stake doubling at prices between ~$138 and ~$178. Both teams are fighting for playoff spots in the Eastern Conference. 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 Freeman Druckenmiller is a hedge fund manager, philanthropist, and investor. In 1981, he founded his own firm, Duquesne Capital Management. A spokesman said the fund is off 5 percent this year as the average fund is up 1.52 percent. 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. Learn how to say Duquesne with EmmaSaying free pronunciation tutorials.Definition and meaning can be found here:https://www.google.com/search?q=define+Duquesne Wednesday, March 1, 2023 10:03 a.m. | Wednesday, March 1, 2023 10:03 a.m. WASHINGTON The nominee for archivist of the United States made her second appearance before the Senate Homeland . Methodology: The Bloomberg Billionaires Index is a daily ranking of the world's richest There are 28 securities that are significantly large (more than ~0.5% of the portfolio each) and they are the focus of this article. The three quarters through Q1 2020 saw a ~80% selling at prices between ~$133 and ~$185. duquesne capital returnsare there really purple owls. As per the news at that time . An investor who invested $10,000 in Warren Buffetts hedge fund at the beginning of 1957 saw his capital turn into $103,000 before fees and $64,100 after fees (this means Warren Buffett made more than $36,000 in fees from this investor). While the joy of winning for clients is immense, for me the disappointment of each interim drawdown over the years has taken a cumulative toll that I cannot continue to sustain.. Mr. Samuelson's exit leaves Mr. Schreiber as the sole remaining founder of the firm that was started by seven former Druckenmiller staffers in 2011 after their boss closed Duquesne Capital Management. Venture Capital 18,250; Highlights. Tracking Stanley Druckenmiller's Duquesne Portfolio, Trend Following: Learn to Make Millions in Up or Down Markets. The largest company in Stanley Druckenmiller portfolio by market cap is Apple Inc, while the smallest is Dunkin Brands Group Inc.4. On September 18, Druckenmiller withdrew his bid to purchase the team.[27]. Suite 3200 Sign up and get the best of News delivered straight to your email inbox, free of charge. It is based on Stanley Druckenmiller's regulatory 13F Form filed on 2/14/2022. There was a ~60% selling last quarter at prices between ~$339 and ~$382. But after years of managing other peoples fortunes, Druckenmiller joins a small but growing number of stars who are cutting their careers short. Below is a spreadsheet that highlights the changes to Stanley Druckenmiller's Duquesne Family Office 13F stock portfolio as of Q4 2021: Stanley Druckenmiller - Duquesne Family Office's Q4 2021 13F Report Q/Q Comparison (John Vincent (author)). The stock is now at ~$3273. He side-stepped the 1987 crash by selling out the morning of the collapse. Stanley Druckenmiller started the family office in Q4 2011 after closing his hedge fund Duquesne Capital in 2010. September 28, 2010. 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. Ten years ago when Soros reorganized his Quantum Fund and adopted less aggressive investment strategies, Druckenmiller left to concentrate exclusively on running Duquesne, the firm he had founded years earlier. 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. Druckenmiller read "The Alchemy of Finance" by George Soros and recognized they shared the same investment style. The impact to a portfolio due to this purchase was 0.43%. ZM was a ~1% of the portfolio position established last quarter at prices between ~$257 and ~$401. He started Duquesne Capital Management in 1981 with $1 million in various separate accounts. [1]: [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. Is this happening to you frequently? 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 13F portfolio value decreased ~11% from $3.08B to $2.76B this quarter. Helps maintain and refine modeling for portfolio analysis and liquidity forecasting. 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. The stock currently trades at $51.45. [1] He dropped out of a Ph.D. program in economics at the University of Michigan in the middle of the second semester to accept a position as an oil analyst for Pittsburgh National Bank. Duquesne increased Coupang, Carvana, Kbr, Flex, Procept Bio, and Smartsheet while decreasing Alphabet, Amazon.com, Palo Alto Networks, Starbucks, and Expedia Group. View Map. )* NEW FORTRESS ENERGY LLC (Name of Issuer) Class A Common Stock, no par value (Title of Class of Securities) 644393100 (CUSIP Number) August . In 1981, Druckenmiller founded his own firm - Duquesne Capital Management. The holdings are concentrated with recent 13F reports showing around 50 positions, many of which are very small. Microsoft Corporation (MSFT): MSFT is now a top-three ~10% of the portfolio position. In this article, we discuss 10 dividend stocks to buy according to billionaire Stanley Druckenmiller's Duquesne Capital. Duquesne Energy Servces LLC. [24], Druckenmiller and his wife are also principal sponsors of the New York City AIDS walk. So, how did Warren Buffett manage to generate high returns and beat the market? Whalewisdom has at least 43 13F filings, 12 13D filings, and 53 13G filings. Job in Allentown - Lehigh County - PA Pennsylvania - USA , 18101. Their last reported 13F filing for Q4 2022 included $2,020,266,796 in managed 13F securities [2][15][16][17], Druckenmiller advocates reducing spending on entitlement programs such as Social Security. Steve Cohen's Point72 Has Gone Long GME: Point72 is a fund managed by Steve Cohen, who also owns the New York Mets. That gamble shook markets, forcing a major devaluation of the pound. . Clark had eight assists and five steals for the Dukes (20-10, 10-7 . email address below and choose 'Submit'. THE. [7] He left Soros in 2000 after taking large losses in technology stocks. Last quarter saw a ~60% reduction at prices between ~$222 and ~$485. Some of the aging young stars bristled at the ceaseless demands their jobs imposed, often keeping them away from young children and scuttling countless family vacations. (11.91%), and BHP Group Limited (9.5%).2. Create Email Alert, ***Log In or