Stanley Druckenmiller (Trades, Portfolio)'s Latest 13F Filing Reveals Significant Portfolio Adjustments
Stanley Druckenmiller (Trades, Portfolio), the renowned investor and former lead portfolio manager for George Soros (Trades, Portfolio)' Quantum Fund, has made notable changes to his investment portfolio in the fourth quarter of 2023, as revealed in the latest 13F filing. Druckenmiller, who is known for his top-down investment approach and his ability to combine long and short positions across various asset classes, has adjusted his holdings to adapt to the evolving market conditions.
Summary of New Buys
Stanley Druckenmiller (Trades, Portfolio)'s Duquesne Capital has welcomed 20 new stocks to its portfolio. Among these, the most significant new positions include:
- Arista Networks Inc (ANET, Financial), with 234,185 shares, making up 1.65% of the portfolio and valued at $55.15 million.
- Woodward Inc (WWD, Financial), comprising 404,635 shares, which represents about 1.64% of the portfolio, with a total value of $55.08 million.
- Tempur Sealy International Inc (TPX, Financial), with 749,100 shares, accounting for 1.14% of the portfolio and a total value of $38.18 million.
Key Position Increases
Druckenmiller has also ramped up his stakes in 13 companies, with the most notable increases being:
- Seagate Technology Holdings PLC (STX, Financial), with an additional 1,201,065 shares, bringing the total to 2,116,108 shares. This represents a substantial 131.26% increase in share count and a 3.06% impact on the current portfolio, valued at $180.65 million.
- Teck Resources Ltd (TECK, Financial), with an additional 1,418,925 shares, bringing the total to 5,524,602 shares. This adjustment signifies a 34.56% increase in share count, with a total value of $233.55 million.
Summary of Sold Out Positions
In a strategic move, Stanley Druckenmiller (Trades, Portfolio) has completely divested from 11 holdings in the fourth quarter of 2023, including:
- Alphabet Inc (GOOGL, Financial), where he sold all 838,375 shares, impacting the portfolio by -3.94%.
- T-Mobile US Inc (TMUS, Financial), liquidating all 756,675 shares, which had a -3.8% impact on the portfolio.
Key Position Reductions
Reductions were also part of Druckenmiller's Q4 strategy, with significant cuts in several stocks:
- Lamb Weston Holdings Inc (LW, Financial) saw a reduction of 1,286,881 shares, a -70.47% decrease, affecting the portfolio by -4.27%. The stock's average trading price was $96.3 during the quarter, with a 7.65% return over the past 3 months and a -4.51% year-to-date performance.
- NVIDIA Corp (NVDA, Financial) was reduced by 257,162 shares, a -29.4% reduction, with a -4.01% impact on the portfolio. The average trading price for the quarter was $463.42, and the stock has returned 48.84% over the past 3 months and 49.23% year-to-date.
Portfolio Overview
As of the end of the fourth quarter of 2023, Stanley Druckenmiller (Trades, Portfolio)'s portfolio contained 51 stocks. The top holdings were 12.19% in Microsoft Corp (MSFT, Financial), 11.07% in Coupang Inc (CPNG, Financial), 9.12% in NVIDIA Corp (NVDA), 7% in Eli Lilly and Co (LLY, Financial), and 6.97% in Teck Resources Ltd (TECK, Financial). The investments span across 10 of the 11 industries, with a focus on Technology, Consumer Cyclical, Healthcare, Industrials, Basic Materials, Communication Services, Energy, Utilities, Financial Services, and Consumer Defensive sectors.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
