Important points
- Billionaire Stanley Druckenmiller added more than 30 new positions to his portfolio in the first quarter, including Apple, Reddit, and a number of biotech and financial services companies.
- He also sold about 900,000 Nvidia shares in the first few months of this year.
- Druckenmiller added significant stakes in ZoomInfo Technologies, Natera and Flex.
According to recent 13-F filings, billionaire Stanley Druckenmiller's Duquesne Family Office acquired Apple Inc. (AAPL), Reddit Inc. (RDDT), and a range of biotech and financial companies in the first quarter of this year. I started a new position at a service company. .
Apple, Reddit, names to watch among dozens of new positions
Mr. Druckenmiller has taken a very proactive approach in the first few months of this year, filling more than 30 new positions. His bets on Apple and Reddit are the most notable as investors focus on the companies themselves, despite the relatively small size of their respective positions. Druckenmiller ended the quarter with about 115,000 Apple shares and 175,000 Reddit shares.
Druckenmiller's new large holdings include semiconductor maker Coherent Inc. (COHR), in which he holds about 2.5 million shares. Energy infrastructure company Kinder Morgan, Inc. (KMI) holds approximately 3.88 million shares. His 2.07 million shares in scoreboard and LED sign maker Daktronics Inc. (DAKT). And Cinemark Holdings Inc. (CNK) holds 1.07 million shares.
Mr. Druckenmiller added a number of biotech companies to his portfolio this past quarter, including Bicycle Therapeutics PLC (BCYC), Cabaletta Bio Inc. (CABA), Crinetics Pharmaceuticals Inc. (CRNX), and Fusion Pharmaceuticals Inc. (FUSN ), and SANA Biotechnology Co., Ltd. (SANA), etc.
Another group of new positions is in the financial services sector. Mr. Druckenmiller held stakes in Barclays PLC (BCS), Capital One Financial Corporation (COF), Citigroup (C), Discover Financial Services (DFS), and KeyCorp (KEY), all during his first three months of the year. I added it with. KeyCorp's position was 1.66 million shares.
Other notable new additions to Druckenmiller's portfolio include Stellantis (STLA) and Palantir Technologies (PLTR), as well as small positions in Meta Platform (META).
Fill existing positions.
The billionaire disciple of George Soros has made significant additions to many of his previous positions in his portfolio.
Most notable are approximately 5 million shares of database software company ZoomInfo Technologies Inc. (ZI), more than 1 million shares of genetic testing company Natera Inc. (NTRA), and approximately 2.8 million shares of electronics manufacturer Flex Ltd. (FLEX). This is the addition of . ).
He also added positions at Marvell Technologies (MRVL) and Freeport-McMoRan (FCX).
NVIDIA, Eli release stakes are trimmed.DraftKings, Warby Parker sales
Duquesne Family Offices resized many of its existing holdings in the first quarter. In particular, Mr. Druckenmiller reduced his holdings in Nvidia Inc. (NVDA) by about 900,000 shares, ending March with about 176,000 shares.
Earlier this month, he told CNBC that he downplayed NVIDIA's position because he felt the AI trend was “a little overhyped right now, but undervalued over the long term.”
Mr. Duquesne also sold about 483,000 shares of uranium producer Cameco Corp. (CCJ) and large stakes in companies such as Option Care Health Corp. (OPCH) and Eli Lilly (LLY).
Druckenmiller's exits in the quarter included DraftKings (DKNG), Warby Parker (WRBY), and miners Barrick Gold (GOLD) and Newmont (NEM). He also completely sold his small positions in Adobe (ADBE), Chevron (CVX), UBS (UBS), and Charles Schwab (SCHW).
