Below is a spreadsheet that highlights the changes to Stanley
Druckenmiller's Duquesne Family Office US long stock portfolio as of Q4
2012. For a look at how his portfolio has progressed, see our previous update:
The portfolio increased around 12% during the quarter from $1.29B to $1.45B. Druckenmiller continues to play the uptrend in airlines with a large stake increase in Delta Airlines (DAL) to a 4.41% position. He has however scaled back on his more positions in utility, pharmaceutical, and finance sectors - significantly large positions in American International Group (AIG), Banco Bardesco (BBD), ICICI Bank (IBN), Itau Unibanco (ITUB), Merck (MRK), Ocwen Financial (OCN), PG&E Group (PCG), Southern Company (SO), and Suntrust Banks (STB) were all eliminated this quarter. The most significant new stake this quarter is a huge 19.55% position in SPDR Gold (GLD) CALLS. Druckenmiller seems to be anticipating an uptrend in world gold prices.
The portfolio increased around 12% during the quarter from $1.29B to $1.45B. Druckenmiller continues to play the uptrend in airlines with a large stake increase in Delta Airlines (DAL) to a 4.41% position. He has however scaled back on his more positions in utility, pharmaceutical, and finance sectors - significantly large positions in American International Group (AIG), Banco Bardesco (BBD), ICICI Bank (IBN), Itau Unibanco (ITUB), Merck (MRK), Ocwen Financial (OCN), PG&E Group (PCG), Southern Company (SO), and Suntrust Banks (STB) were all eliminated this quarter. The most significant new stake this quarter is a huge 19.55% position in SPDR Gold (GLD) CALLS. Druckenmiller seems to be anticipating an uptrend in world gold prices.
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