NVDA - Stanley Druckenmiller Sells Off 72% Of Nvidia Stake Bets Big On These Type Of Stocks | Benzinga
Renowned investor Stanley Druckenmiller has significantly reduced his stake in NVIDIA Corp (NASDAQ:NVDA), indicating a shift in his investment strategy.
What Happened: Druckenmiller’s Duquense Family Office sold off 441,551 shares of Nvidia in the first quarter, amounting to a 72% reduction in his holdings, according to a 13F filing with the Securities and Exchange Commission, reported Business Insider.
Despite the significant reduction, Nvidia remains the seventh-largest position in the portfolio, with a value of approximately $159 million.
Druckenmiller also liquidated all of his call options in Nvidia, which were acquired in the previous quarter for a total value of about $242 million. This move was likely another significant win, given Nvidia’s 82% surge in the first quarter to record highs.
Druckenmiller’s other significant trades include a $664 million investment ...