AR - Druckenmiller buys a quarter billion worth of oil and gas stocks during Q1

Stanley Druckenmiller, former portfolio manager at George Soros's Quantum fund, and current Chief Investment Officer at his multi-billion dollar family office, acquired ~$250m worth of energy stocks during Q1. Unlike many fund managers, Druckenmiller is known for managing money with a "top down" macro-economic approach, focused on asset classes rather than individual business cases. During an interview in January 2020, Druckenmiller said, "We don't own energy, probably should, I just think the demand outlook is so challenged long term."  During Q1 2022, Druckenmiller initiated positions in Coterra (CTRA), Pioneer (PXD), Cenovus (CVE), Antero (AR), and Philips (PSX), while adding to Chevron (CVX). He also initiated a position in Teck (TECK), a diversified mining business with exposure to met coal and oil, amongst other commodities. The fund's largest natural resource position remains Freeport (FCX), though he did not buy or sell any shares during the quarter.  The varied acquisitions do not

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Druckenmiller buys a quarter billion worth of oil and gas stocks during Q1