- Stanley Druckenmiller’s 13F portfolio value increased from $1.03B to $1.52B this quarter.
- The huge ~13% of portfolio iShares Ruseell 2000 ETF stake was disposed of this quarter.
- Duquesne Family Office portfolio has 47 positions with the top three accounting for around 20% of the portfolio.
Stanley Druckenmiller’s portfolio increased ~50% this
quarter from $1.03B to $1.52B. The pattern of very high turnover QoQ continued
- many positions were dropped and news ones added. The nimble trading is
typical of the trend-following style. To know more about Druckenmiller's
trading style check out Trend Following: Learn to Make
Millions in Up or Down Markets.
Below is a summary:
AbbVie Inc. (ABBV):
ABBV was a large (top three) 7.46% portfolio stake established in Q2 2016 at
prices between $57 and $65. It was disposed of this quarter at prices between $60
and $67. The stock is now at $73.18.
Facebook Inc. (FB):
FB is a 3.78% portfolio stake established this quarter at prices between $116
and $143 and the stock is now at $153.
Note: FB is a frequently traded stock in Druckenmiller’s
portfolio.
Halliburton Co.
(HAL): A 5.49% stake was established last quarter at prices between $44.50
and $55. This quarter saw a ~70% selling at prices between $48 and $58. The
stock currently trades at $41.90.
Note: HAL has seen several previous roundtrips going back to
Q3 2012.
iShares Russell 2000
ETF (IWM): IWM stake was purchased last quarter at prices between $115 and
$138 and disposed of this quarter at prices between $134 and $140. The stock is
now at $140. It was the largest position last quarter at ~13% of the portfolio.
Below is a spreadsheet that highlights the changes to Stanley
Druckenmiller's Duquesne Family Office US long stock portfolio as of Q1 2017.
For a look at how his portfolio has progressed, see our previous update:
To learn more about how to profit from a strategy of
following the best hedge fund picks, check out our book Profiting from Hedge Funds: Winning
Strategies for the Little Guy .
No comments :
Post a Comment