To his point, the U.S. Federal Reserve has raised rates four times this year to combat inflation, and its not the only central bank attempting to bring down consumer prices with tighter monetary policy. On the other hand, Duquesne believes that the stock market contains no such tainting. The largest five stakes are Coupang, Eli Lilly, Amazon.com, Chevron, and T-Mobile US. To know more about Druckenmiller's trading style check out Trend Following: Learn to Make Millions in Up or Down Markets. But Druckenmiller really made his name when he led George Soross bet against the British pound in 1992, helping the billionaire pocket a cool $1.5 billion profit in a single month. Duquesne added Amazon.com and Lamb Weston Holdings while decreasing Microsoft and Freeport-McMoRan. Klicken Sie auf Einstellungen verwalten um weitere Informationen zu erhalten und Ihre Einstellungen zu verwalten. There was a one-third reduction this quarter at prices between ~$159 and ~$203. It has a worth of 269.52M. If we start counting its branches in the whole world, we conclude that there are, Freeport-McMoRan Inc. is an American mining company. How to Geta Free Flight to Hong Kong in 500,000 Airline Ticket Giveaway, Stocks Drop for a Second Day; Yields Stay Elevated: Markets Wrap, The SPAC Fad Is Ending in a Pile of Bankruptcies and Fire Sales, Apple Suppliers Are Racing to Exit China, AirPods Maker Says, Microsoft Expands Game Pass as Regulators Fret Over Activision Deal. Legendary investor Stanley Druckenmiller said he will again be listening to the message of the bond market, if the Federal Reserve tightens policy as promised. This article is part of a series that provides an ongoing analysis of the changes made to Duquesne Family Office's 13F stock portfolio on a quarterly basis. It is an American varied multinational mass media and entertainment amalgamation. But when he closed this fund, the capital had more than 12 billion dollars as working assets. Kernen also mentioned a conversation they had in the spring when the 10-year Treasury was yielding just 1.36%. My best guess is that were six months into a bear market, Druckenmiller, who runs Duquesne Family Office, said Thursday at the 2022 Sohn Investment Conference. At various times we had two 60 percent rallies," he said. "We've had a hurricane behind us for 30 or 40 years, and it's reversing, and I wouldn't be surprised in fact, it's my central forecast the Dow won't be much higher in 10 years than it is today.". Druckenmiller once managed George Soros' Quantum Fund and shot to fame after helping make a $10 billion bet against the British pound in 1992. 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 Q1 2022.. Please visit our Tracking Stanley Druckenmiller's Duqeusne Portfolio series to get an idea of their investment philosophy and our previous update for the fund's moves during Q2 2022. Sign up for theFortune Features email list so you dont miss our biggest features, exclusive interviews, and investigations. The headquarters of this company is also based in Singapore. Thats when Apple Computer was founded, Home Depot was founded.. Amid the energy transition and ESG, he could look to short energy, but that could last five to 10 years. After working for a long time in his fund in the Duquesne Capital, he decided to put an end to his fund because he felt he is not able to return the best possible returns to his customers. He worked as a Chairman and CEO. 80 pages sure but each page is half the size of a normal A4 sheet. He spearheaded the. Druckenmillers argument for why the stock market is facing a decade of flat trading is based on the idea that central banks policies are shifting around the world from a supportive to a restrictive stance. The percent involved in this portfolio is 4.12%. Stay up to date with what you want to know. This is present at the Walt Disney Studio Complex. Traders watch the behavior of yields along the Treasury curve for guidance on economic direction. He also said the Fed will be discussing reducing the size of its balance sheet at the next several meetings. "I don't rule out something really bad," he said. PROCEPT BioRobotics (PRCT): PRCT had an IPO last September. Druckenmiller has lived through enough bear markets to know that investors can get their "head ripped off" in rallies if they start shorting stocks too aggressively. There was a ~175% stake increase in Q4 2021 at prices between ~$24.60 and ~$46.30. When he started investing in the mid-1970s, Druckenmiller started in equities, but he learned that moving into bonds, commodities and foreign currencies was necessary during a bear market. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. He worked as a Chairman and CEO. Central bank officials around the world are now moving away from the near-zero interest rates and quantitative easinga policy of buying mortgage-backed securities and government bonds in hopes of spurring lending and investmentthat have bolstered financial assets over the past few decades. Its headquarters is present in Seattle, Washington. He rarely does interviews, but. Duquesne Family Office investment and the portfolio have dumped more than 100 million dollars of Netflix stock and along with this got an, Stanley Druckenmiller has had an extraordinary return in these years. This shift is a result of the globalization that characterized the past few decades fading amid the war in Ukraine and U.S.-China tensions. Last quarter saw a ~55% reduction at prices between ~$26 and ~$46. Recent activity follows. We want to hear from you. Although that might not be the asset's long-term move, Druckenmiller emphasized that the entry price is critical. This Disney Walt company is actually known as Disney. In the Stanley Druckenmiller stock portfolio, this company holds the sixth position. 2023 CNBC LLC. 7 min read Stanley Druckenmiller ( Trades, Portfolio) is a legendary macroeconomic investor who has a net worth of $6.4 billion. Stanley Freeman Druckenmiller is an American Investor, Hedge Fund manager, and finance guru. This is a pamphlet. The legendary investor founded his hedge fund, Duquesne Capital, in 1981, and routinely outperformed the majority of his peers on Wall Street over the coming decades, delivering an annual average return of 30% from 1986 to 2010, according to Yahoo Finance. Stanley Druckenmiller is one of the titans of the hedge fund industry. The worth of this incorporation is $315.36M. Stanley Druckenmiller may be one of the greatest compounding money machines in history. Then in 1981, he founded investment firm Duquesne Capital Management, which had a positive return every year until he decided in August 2010 to quit the hedge fund business and close his firm. Stocks continued their descent overnight as investors prepared for key inflation data on Friday. Q1 2022 also saw a ~9% stake increase. Druckenmiller's stake was from funding rounds prior to the IPO. The remainder stake was disposed this quarter. It is the . Sign up for free newsletters and get more CNBC delivered to your inbox. Talking about the Stanley Druckenmiller holdings. He also offered some other insights into what his portfolio looks like right now. Hello friends! CNBC Billionaire investor Stanley. Sea Ltd ADR is a consumer internet company. It holds shares in stocks of 82.7K. Booking Holdings (BKNG): BKNG was a small ~1% of the portfolio stake established in Q1 2021 at prices between ~$1886 and ~$2462. With the Consumer Price Index at 8.3% year-over-year in August, the Fed is withdrawing liquidity from the economy by reducing their balance sheet and hiking interest rates. Stanley Druckenmiller made it big as a hedge fund manager for 30 years. He was the former chairman and president of Duquesne Capital, which he founded in 1981. Talking about the Stanley Druckenmiller holdings in Microsoft Corporation, out of 100%, this company holds, T-Mobile US Inc. is working as the largest wireless network in the United States. This company holds Shopee, SeaMonkey, and Garena, and Airplay limited. He rarely does interviews, but this past October, he shared his thoughts at. But I think it's highly, highly probable that the bear market has a ways to run," he added. There was a ~63% selling over the next three quarters at prices between ~$118 and ~$149. Its worth in the stock market is 163.52M. "When you make a mistake, you got to admit you're wrong and move on that nine or 10 months, that they just sat there and bought $120 billion in bonds," Druckenmiller said. AbCellera Biologics (ABCL) and Las Vegas Sands (LVS) Calls: These small (less than ~1% of the portfolio each) stakes were kept steady this quarter. This company is the number 1 company in his portfolio having 2.64M shares. The lack of precedent has made investing in the current environment significantly more difficult than at any other time in history. Those fears are also present among investors, as stocks face the threat of downgraded corporate earnings. Spreads refer to the difference in yields between shorter- and longer-duration bonds, such as the two-year versus the 10-year. Access your favorite topics in a personalized feed while you're on the go. Stanley Druckenmiller, who owned Chevron stock as of Q1 2022, recently offered some advice saying he's "very nervous" about his oil investments. We want to hear from you. "For those tactically trading, it's possible the first leg of that has ended. Amazon is also known as one of the most influential and powerful companies in the world. T-Mobile US Inc. holds 8.53% of the total portfolio percentage. The response after the global financial crisis to disinflation was zero rates, and a lot of money printing, quantitative easing. Palo Alto Networks is an American multinational cybersecurity corporation. In the year 2018, this Palo Alto company was at the 8th position in the Forbes in the field of security. Of course, if one industry is struggling while the others are fine, it doesn't necessarily mean a recession is coming. This is because valuations are still historically elevated while inflation is up thanks in part to supply chains reshoring and the Fed tightening policy, he said. Sea Ltd ensures the better lives of customers and enhances the small business present in a region. Billionaire investorStanley Druckenmillerbelieves the Federal Reserve's attempt to quickly unwind the excesses it helped build up for a decade with easy monetary policy will not end well for the U.S. economy. The stock currently trades at $37.12. The bulk of it was sold in Q3 2021 at prices between ~$19.50 and ~$26.80. "But I don't think you need to short. Its value is 131.07M in the stock market. I am not receiving compensation for it (other than from Seeking Alpha). September 15, 2022, 2:00 PM PDT Stanley Druckenmiller, CEO of Duquesne Family Office, in December 2019. Starbucks holds the fourth position in the Stanley Druckenmiller holdings. He later oversaw $12 billion as president of Duquesne Capital Management before closing his firm in 2010. According to Druckenmiller, the 10-year Treasury was the most important signal in the bond market, but it is no longer. Please disable your ad-blocker and refresh. He described his positioning as a "matrix" of shorting fixed income, shorting stocks and not doing much in currencies but owning some commodities, specifically, oil. The benchmark yield climbed above 1.85% after the Fed's statement Wednesday. After working for a long time in his fund in the Duquesne Capital, he decided to put an end to his fund because he felt he is not able to return the best possible returns to his customers. Stanley Druckenmiller did not buy any new stocks in the current portfolio. In the first quarter of 2022, Stanley Druckenmiller took positions in Coterra Energy (CTRA), as well as Philips (PSX), and topped up an existing position . Freeport McMoRan (FCX): FCX is a 1.81% of the portfolio position purchased in Q4 2019 at prices between ~$10 and ~$13.50. Victor J. BlueBloomberg/Getty Images After a hotter-than-expected inflation reading. Druckenmiller started his career as an equities analyst at Pittsburgh National Bank. March 14, 2022 March 1, 2023; 0; How to contact Stanley Druckenmiller ? "I've lived through enough bear markets, that if you get aggressive in a bear market, on the short side, you can get your head ripped off in rallies. When working with Soros for the quantum fund, they together broke all the records of the profits. During his briefing, Powell emphasized that the central bank has no set path for interest rate hikes, and could move forward as quickly as needed. Druckenmiller's dismal forecast for the broader market is shared by some on Wall Street. All this information of worth, change, and % portfolio was recorded in the year 2022. It covers 4.42% of the total portfolio. He worked with George Soros for many years, 12 of them as lead portfolio manager of Soros's Quantum Fund. Track your investments 24 hours a day, around the clock from around the world. This company is broadly spread in the whole world having. "Don't know the timing, but certainly by the end of '23. Objektivn a upmn recenze od panelu EXPERT, kter pome k informovanmu rozhodnut I'm pretty much taking a break," he said. Amazon Com Inc. is an American multinational technology company. It is based on Stanley Druckenmiller's regulatory 13F Form filed on 11/14/2022. It holds thirds position in the holdings of Stanley Druckenmiller current holdings. The current position was built in 2017 at prices between ~$60 and ~$90. Arch Resources (ARCH), New Fortress Energy (NFE), GameStop (GME) Puts, Cloudflare Inc. (NET), Shopify Inc. (SHOP), and Builders FirstSource (BLDR): These are very small (less than ~1% of the portfolio each) new stakes established during the quarter. As a result, he sees declining retail as an early signal that there may be trouble ahead. Druckenmiller has lived through enough bear markets to know that investors can get their "head ripped off" in rallies if they start shorting stocks too . This company mostly deals with copper-related products such as concentrate copper, refined copper, and traded copper. Some may consider Stan Druckenmiller to be one of the greatest macro investors of all time. The stake has wavered. Druckenmiller added that with inflation raging, central banks raising rates, deglobalization taking hold, and the war in Ukraine dragging on, he believes the odds of a global recession are now the highest in decades. Its shares include 2.91M. CNBC Pro Talks: Find out what one of Wall Street's Biggest Bulls, Brian Belski, is buying in this market, Top investors share 3 tips for buying stocks in this turbulent market, Bond yields are close to a major psychological level that could really spook the stock market. Longer-term, Druckenmiller said he doesn't see the broader market performing well, and that returns could be near-flat over the next decade, like they were between 1929-1954 and 1966-1982. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. Stanley Druckenmiller, CEO of Duquesne Family Office, in December 2019. To me, the risk reward of owning assets doesn't make a lot of sense," Druckenmiller said. I have no business relationship with any company whose stock is mentioned in this article. Stanley Druckenmiller(Trades, Portfolio) is a legendary macroeconomic investor who has a net worth of $6.4 billion. Duquesne Family Office investment and the portfolio have dumped more than 100 million dollars of Netflix stock and along with this got an increase in the cybersecurity investment with 400% in the 4rth quarter. All these companies are proved to the subsidiaries of Sea Ltd. He explained that he doesn't use the types of signals traditional economists use to predict the economy, like employment, macro factors and top-down statistics. (Photo by Kevin Dietsch/Getty Images). They add up to ~44% of the portfolio. According to Druckenmiller, entering quickly gives investors a chance to get in before others recognize the story they saw. After leaving this fund, he joined another fund known as Quantum Fund as a lead portfolio manager by George Soros. That was followed with a one-third reduction last quarter at prices between ~$29 and ~$51. The latest recorded subscribers were back in 2022 which were 100.3 million subscribers. Stanley Druckenmiller has had an extraordinary return in these years. "And pre the tampering period, the bond market and yield curve were certainly much better predictors of economic trends than me and 95% of economists," the investor noted. Get this delivered to your inbox, and more info about our products and services. I/we have a beneficial long position in the shares of AMZN, CPNG, META either through stock ownership, options, or other derivatives. SUN VALLEY, IDAHO - JULY 06: Former chairman and president of Duquesne Capital Stan Druckenmiller [+] arrives for the Allen & Company Sun Valley Conference on July 06, 2021 in Sun Valley, Idaho. DataDog (DDOG) and Palo Alto Networks (PANW): The ~4% DDOG stake was established last quarter at prices between ~$82 and ~$157 and it is now below that range at $78.31. Wir erfahren brisante News aus Thomas' Schulzeit, wie wichtig Auslandserfahrung fr den beruf. Theyre like reformed smokers, Druckenmiller said. This company is creating world records in cybersecurity. as well as other partner offers and accept our, Photo by Neilson Barnard/Getty Images for New York Times, Registration on or use of this site constitutes acceptance of our. "You don't even need to talk about Black Swans to be worried here. This data is extracted from the year 2021. If you have an ad-blocker enabled you may be blocked from proceeding. In Stanley Druckenmillers Portfolio, this company holds the 7th position. It has millions of subscribers. When I look back at the bull market that weve had in financial assets really starting in 1982all the factors that created that not only have stopped, theyve reversed, he said, referencing current de-globalization trends like the rift between the U.S. and China, along with a move toward increased government spending and more regulation since the 1980s. 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