During the financial crisis, Mr. Druckenmiller, worried about the fate of his fund, withdrew most of his money from Goldman Sachs, causing a schism with the firm. 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. Intuit Inc. (INTU): The 2.47% INTU position was purchased in Q1 2021 at prices between ~$361 and ~$422. The worth of this company is $ 586.76M. We see several investors trying to strike it rich in options market by risking their entire savings. [18] Druckenmiller was a major supporter of Republican Governor Chris Christie of New Jersey. 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 Family Office Q1 2019 Portfolio Changes, Duquesne Family Office Stanley Druckenmiller, How to Best Use Insider Monkey to Increase Your Returns, 6 Things You Didn't Know About Hedge Funds. [10] His biggest investments are Microsoft and Amazon in 2020. I have had to recognize that competing in the markets over such a long time frame imposes heavy personal costs, he wrote. About $2.7 billion belongs to the foundation, based on Bloomberg calculations, and this sum isn't included in his net worth calculation. Free shipping for many products! Returns, AUM, Net Worth. Last two quarters had seen a ~25% selling at prices between ~$30 and ~$45. In this article we present the list of 10 Stocks That Have Grabbed Stanley Druckenmillers Attention in 2022. Coupang Inc. (CPNG): CPNG had an IPO in March. $10.1B can buy Druckenmiller's fortune is derived from the proceeds he's earned running hedge funds for more than 30 years. I have no business relationship with any company whose stock is mentioned in this article. 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. 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)). All content is posted anonymously by employees working at DUQUESNE CAPITAL MANAGEMENT L L C. He started Duquesne Capital Management in 1981 with $1 million in various separate accounts. Stanley Freeman Druckenmiller (born June 14, 1953) is an American investor, hedge fund manager and philanthropist. There was a ~175% stake increase this quarter at prices between ~$24.60 and ~$46.30. Announces plan to retire after 30 years of investing others money. Most of his money is managed through Duquesne Family Office, a New York-based investment group he started with $3 billion in 2010. How to Watch Milan vs. Atalanta Today. The stock is now traded at around $20.700000. Duquesne Family Office is a New York -based investment management firm, founded in 2010 by Stanley Druckenmiller. His parents separated while he was in elementary school. All rights reserved. Joins PNC predecessor as stock analyst, later promoted to research chief. Phone: 1-866-280-0237 Performance numbers calculated through 2023-02-14. In 1976, he married his high school sweetheart; they divorced in 1980. Takes over management of flagship Dreyfus Fund under Howard Stein. Revenue. Duquesne Capital Management, LLC initiated holding in StoneCo Ltd. He continues to operate Duquesne as a family office in New York, where he lives with his wife. Q2 2020 saw the stake rebuilt at prices between ~$6.25 and ~$10.90. By the end of 2018, only he and Mr. Samuelson remained. The holdings are concentrated with recent 13F reports showing around 50 positions, many of which are very small. IBM Sues Former Top Thai Executive for . Duquesne Capital - Stanley Druckenmiller assets under management (13F Holdings), latest news, 13D/G filings, and investor letters provided by Insider Monkey. 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). Reference #: 17604\ Duquesne Light Company, headquartered in downtown Pittsburgh, is a leader in providing electric energy and has been in the forefront of the electric energy market, with a history rooted in technological innovation and superior customer service. Duquesne has not had a down year in its 30-year history. As of February 23, 2023, 10:02 PM EST : Last . 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). 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 Family Office has met the qualifications for inclusion in . Smartsheet (SMAR): The small 1.105 of the portfolio stake in SMAR saw a ~500% stake increase this quarter at prices between ~$59.50 and ~$80. At the time, he said: We thought it was the eighth inning, and it was the ninth. The largest five stakes are Coupang, Alphabet, Microsoft, Freeport-McMoRan, and Amazon.com. In 1981, Druckenmiller founded his own firm - Duquesne Capital Management. He managed to achieve about a 40% average annual return on a multi-billion dollar hedge fund over 25 years during his time at Quantum and a 30% average annual return on his Duquesne Capital Management over 30 years. According to Bloomberg News, on August 18, 2010, Druckenmiller announced the closing of his hedge fund "telling investors he'd been worn down by the stress of trying to maintain one of the best trading records in the industry while managing an 'enormous amount of capital. Between 1957 and 1966 Warren Buffetts hedge fund returned 23.5% annually after deducting Warren Buffetts 5.5 percentage point annual fees. ? 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. Whalewisdom has at least 48 13F filings, and 4 13G filings. No. Warren Buffett has been investing and compounding for at least 65 years. After graduating in 1971 from Collegiate School in Richmond, Virginia, he attended Bowdoin College in Brunswick, Maine. Stanley Druckenmiller highest dividend-paying stocks are Pioneer Natural Resources Co.(11.93%), BlackRock Institutional Trust Company N.A. 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 . As a result of the merger being completed, the Duquesne Light Shareholder Relations Department was closed on Sept. 14, 2007. Recent activity follows. With Mr. Soros, Mr. Druckenmiller helped pioneer an investment strategy that today is referred to as macro trading. Stanley Freeman Druckenmiller (born June 14, 1953)[1] is an American investor, hedge fund manager and philanthropist. The firm sold all of its 2,396 put contracts on the SPDR S&P 500 ETF , a . In this article, we discuss the 9 stocks that Stanley Druckenmiller was right about. How will the DOLs finalized rules impact ESG investing? The stock currently trades at ~$195. Among the top new positions were T-Mobile US, Inc. (NASDAQ:TMUS), The Home Depot, Inc. (NYSE:HD), General Electric Company (NYSE:GE), Mastercard Incorporated (NYSE:MA), Visa Inc. (NYSE:V), and QUALCOMM Incorporated (NASDAQ:QCOM). Mr. Samuelson, 46, "has decided to retire from investment management," co-founder Zach Schreiber said in a letter to clients Friday. Shares started trading at ~$37.50 and currently goes for $35.74. Two years later, bets on the expanding technology bubble wracked up losses. Druckenmiller is chairman and chief investment officer of Duquesne Family Office. There was a ~60% selling last quarter at prices between ~$339 and ~$382. This quarter saw marginal trimming. Following his long partnership with Soros, Druckenmiller built Duquesne Capital to a peak of $12B of assets under management. Link to 13F filings: SEC filings. This quarter saw a ~20% reduction at prices between ~$2665 and ~$3014. That would have been 9.35% in hedge fund fees. Duquesne Family Office's largest holding is Coupang Inc with shares held of 20,283,765. 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. Recent activity follows. The legendary investor founded his hedge fund, Duquesne Capital, in 1981, . 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. Please. Warren Buffett took 25% of all returns in excess of 6 percent. Druckenmiller, who shut down his $12 billion hedge fund Duquesne Capital Management in 2010 and now manages his money through a family office, also said that inflation is likely to rise over the . 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. The elimination this quarter was at prices between ~$226 and ~$385. 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 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. He has two sisters, Helen and Salley, and a brother, Kurt. Sign up and get the best of News delivered straight to your email inbox, free of charge. The holdings are concentrated with recent 13F reports showing around 50 positions, many of which are very small. The stock currently trades at $40.64. I continue to care deeply about performing for our clients, and the stress of performing in a way that I consider to be disappointing -- even if you do not share that view -- persists in exacting a high emotional toll, with the result that I have concluded that this change is necessary, Druckenmiller told his investors. As founder of Pittsburgh-based Duquesne Capital Management, Druckenmiller posted an average annual return of 30 percent without a single money-losing year. In this article, we discuss the 12 best stocks to buy for flat markets according to Stanley Druckenmiller. . Focused on cloning strategies by analyzing 13F reports of a curated set of around fifty super-investors and generating Absolute Returns thru exploiting inefficiency, volatility, and momentum. Meta Platforms (FB), previously Facebook: FB was a 1.17% of the portfolio stake built in H1 2021 at prices between ~$246 and ~$356. As you can guess, Warren Buffetts #1 wealth building strategy is to generate high returns in the 20% to 30% range. The stake has wavered. Duquesne Family Office was formed when decided to close the doors of his hedge fund Duquesne Capital to the outside investors in 2010 and to return client money. There was a ~10% trimming last quarter and a marginal reduction this quarter. David Einhorn, Founder and President of Greenlight Capital exited his stakes in Intel (INTC), Rivian Automotive (RIVN), and News Corp. (NWS) in Q4, according to the hedge funds 13-F filing. Yet Mr. Schreiber couldn't keep the original team in place. He launched his hedge fund in 1956 with $105,100 in seed capital. Recent News & Activity. At 06/30/2022: $1,382,166. Our elite roster of entrepreneurial hedge funds and private asset managers leverages our expertise and technology to operationalize their investment strategies. AQUA, a Web3 community platform for gamers, has launched its flagship marketplace for trading in-game assets. I overplayed my hand.. Currently, his net worth is assessed by Forbes at $4.6 billion. But while his fund reported positive returns in 2008 and 2009 during the height of the financial crisis it failed to meet his average . )* NEW FORTRESS ENERGY LLC (Name of Issuer) Class A Common Stock, no par value (Title of Class of Securities) 644393100 (CUSIP Number) August . See here for a complete list of exchanges and delays. Leaves Dreyfus to take reins Soros Fund Management's Quantum fund. The disposal this quarter was at prices between ~$307 and ~$348. Their last reported 13F filing for Q4 2022 included $2,020,266,796 in managed 13F securities and a top 10 holdings concentration of 68.68%. Organizer John Higgins. Duquesne has not had a down year in its 30-year history. Please visit our Tracking Stanley Druckenmiller's Duquesne Portfolio series to get an idea of their investment philosophy and our previous update for the fund's moves during Q3 2021. Investments 6. In a free sample issue of our monthly newsletter we analyzed Warren Buffetts stock picks covering the 1999-2017 period and identified the best performing stocks in Warren Buffetts portfolio. [9], According to The Wall Street Journal, on August 18, 2010, Druckenmiller "told clients that he's returning their money and ending his firm's 30-year run, citing the 'high emotional toll' of not performing up to his own expectations." The six foot five inch student gained a reputation as an expert pool player who could practice because he didn't need to study for classes. 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. 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 performance and that running the firm has taken a toll on him both professionally and personally. THE. Duquesne increased Coupang, Carvana, Kbr, Flex, Procept Bio, and Smartsheet while decreasing Alphabet, Amazon.com, Palo Alto Networks, Starbucks, and Expedia Group. It lost 19% in 2018, in part from a wrong-way bet on oil stocks that tumbled in the fourth quarter. Our best performing hedge funds strategy also returned 26.4% year-to-date and outperformed the S&P 500 Index by nearly 12 percentage points. Duquesne Family Office was formed when decided to close the doors of his hedge fund Duquesne Capital to the outside investors in 2010 and to return client money. He was born in Pittsburgh in 1953. He follows a trend following trading style that is similar to George Soros. Connect to CRM . Former Steelers President Dan Rooney stated that he has no ill will toward Druckenmiller, mentioning that he hopes the financier remains a great Steelers fan. 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. This quarter saw a ~42% reduction at prices between ~$3190 and ~$3696. Farfetch (FTCH), Liberty Media Formula One (FWONK), Nektar Therapeutics (NKTR), and Penn National (PENN): These very small (less than ~1% of the portfolio each) positions were sold during the quarter. Last quarter saw a ~60% reduction at prices between ~$222 and ~$485. MRNA is now at ~$180. Download 13F Summary Create Email Alert. I wrote this article myself, and it expresses my own opinions. In the regulatory environment after Duquesne, investors are exposed to substantial risks from very large cost disallowances without equivalent opportu-nities for gain. At the time of closing, Duquesne Capital had over $12 billion in assets.. From 1988 to 2000, he managed money for George Soros as the lead portfolio manager . Latest. Sorry, no results has been found matching your query. Many of those investments . I wrote this article myself, and it expresses my own opinions. 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. divided by the total MV of the fund. He and Soros famously "broke the Bank of England" when they shorted British pound sterling in 1992, reputedly making more than $1 billion in profits, in an event known as Black Wednesday. While at Soros, he played an important role in 1992 when the fund made a $1 billion worth successful bet against the British pound. Stanley Druckenmiller is one of the titans of the hedge fund industry. Over our 140+ year history as a Catholic University in the Spiritan tradition, we've developed a national reputation for academic excellence. S&P 500 Index generated an average annual compounded return of only 9.2% during the same 10-year period. We initially share this idea in October 2018 and the stock already returned more than 150%. [1]: Graduates from college preparatory school in Richmond, Virginia. Stanley Druckenmiller, the hedge- fund icon who boasts one of the best long-term trading records and the distinction of having made $1 billion for George Soros by . Druckenmiller also managed money for George Soros from 1988 till 2000, as he was Portfolio Manager of Quantum Fund. I started my trip around Karnataka by visiting Bangalore/Bengaluru and creating a travel vlog of my journey. ? [2] At the time of closing, Duquesne Capital had over $12 billion in assets. 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. View Map. The stock is now at ~$149. In 2006, Druckenmiller gave $25 million to the organization. As per the news at that time, Druckenmiller was exhausted from the pressure of trying to keep up with one of the best track records in [] The remainder stake was sold during the quarter. Mr. Samuelson will stay at PointState "for several months" during a transition, Mr. Schreiber said, and will remain an investor in the firm. The rest of the stakes are minutely small (less than ~0.5% of the portfolio each). Returns of mid-teens from 2011 to 2017 . We give you the access and tools to invest like a Wall Street money manager at a Main Street price. Duquesne Capital Management LLC Pittsburgh. Rocketreach finds email, phone & social media for 450M+ professionals. 76.35% of the companies in his portfolio are profitable, with an average P/E ratio of 37.69x3. Duquesne Capital Management Blogs, Comments and Archive News on Economictimes.com . containing a link to download the .zip file of the CSV file(s) you requested. The 13F portfolio value decreased ~11% from $3.08B to $2.76B this quarter. Mr. Miller plans to spend more of his time on philanthropy; last year he gave $100 million to the New York University Langone Medical Center to help start a neuroscience center. New York University Langone Medical Center. Exits 5. Druckenmiller deserves 95 percent of the credit, said Sebastian Mallaby, a fellow at the Council of Foreign Relations and the author of More Money Than God, a new book on the history of hedge funds. [2][15][16][17], Druckenmiller advocates reducing spending on entitlement programs such as Social Security. Mr. Druckenmiller declined to comment. [8] Since then, he has concentrated full-time on Duquesne Capital. Druckenmiller joined Dreyfus Corp. in 1986 and was soon running its main Dreyfus Fund. 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. Microsoft Corporation (MSFT): MSFT is now a top-three ~10% of the portfolio position. New York, NY 10017-4036, Chicago Office If you have an ad-blocker enabled you may be blocked from proceeding. Tuesday, March 7, 2023 10:00 - 12:00 a.m. EST. Easily embed the chart on your blog or website it will always update ZM was a ~1% of the portfolio position established last quarter at prices between ~$257 and ~$401. OriginalWhaleScore Druckenmiller read "The Alchemy of Finance" by George Soros and recognized they shared the same investment style. [1] Druckenmiller is a graduate of Collegiate School, Richmond, Virginia. Is this happening to you frequently? It earned the firm $1 billion and helped keep Britain out of Europes common currency union. He is also an avid golfer, with memberships at a bevy of exclusive clubs, including the National Golf Links of America in Southampton, N.Y., and Oakmont Country Club in Pittsburgh. In this article, we discuss Druckenmiller's latest market prediction and his 10 defensive stock picks. Please disable your ad-blocker and refresh. Get our editors daily picks straight in your inbox! Principal Registration, Duquesne Capital Management LLC . Both teams are fighting for playoff spots in the Eastern Conference. 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. Last edited on 11 November 2022, at 06:10, Greenwich Township, Gloucester County, New Jersey, Pittsburgh Post-Gazette: "Steelers' suitor Stanley Druckenmiller has always been good at making money" By Bill Toland, Forbes: The World's Billionaires - Stanley Druckenmiller, "Druckenmiller: Fed policy 'fraught with unappreciated risk', "Bowdoin Brief: Druckenmiller '75 earns $260 million in 2008", "Il miliardario Druckenmiller si disfa di altre azioni big tech in attesa recessione, ecco le due big di Wall Street scaricate lo scorso trimestre", "Druckenmiller Calls It Quits After 30 Years as Job Gets Tougher", "Soros Shuffles Management as Big Funds Struggle", "Duquesne Alumni Said to Start New Hedge Fund With $5 Billion", "Druckenmiller to Shutter His Hedge Fund", "Stanley Druckenmiller Portfolio / Duquesne Family Office LLC Holdings", "Duquesne Family Office LLC - Latest 13F Holdings", "Billionaire Hedge Fund Investor Druckenmiller Says He Owns Bitcoin in CNBC Interview", "Wall Street Titans & Their Warbling Daughters", "Sarah Druckenmiller, Maximilian Cascante", "The Fabulous Lives Of Wall Street's Kids", "From Fracking to Finance, a Torrent of Campaign Cash", "Christie's Camp Mobilizes to Salvage White House Hopes", "Druckenmiller Says Inflation Could Reach as High as 10%", "Hedge Funder Stan Druckenmiller Wants Every Young Person In America To See These Charts About How They're Getting Screwed", "45,000 Walkers Raising $6 Million Prove AIDS Walk New York Steps Still Lead the Way", "Druckenmiller withdraws name from Steelers sale", More Money Than God: Hedge Funds and the Making of a New Elite, "Druckenmiller to become full-time philanthropist", https://en.wikipedia.org/w/index.php?title=Stanley_Druckenmiller&oldid=1121229414, This page was last edited on 11 November 2022, at 06:10. 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