FLUT - Tracking Stanley Druckenmiller's Duquesne Family Office Portfolio - Q4 2024 Update

2025-02-18 13:04:27 ET

Summary

• Duquesne Family Office's 13F portfolio value rose from $2.95B to $3.72B, with 36 significant securities, focusing on Natera, Coherent, Woodward, Teva Pharma, and Coupang.
• New stakes include United Airlines, Delta Air Lines, Sketchers USA, Amazon.com, SLM Corp, American Airlines, Warner Brothers Discovery, Eli Lilly, Brookfield Corp, and BWX Technologies.
• Significant stake increases were made in Woodward Inc., Teva Pharma, Seagate Tech, Mercadolibre, YPF Sociedad, and Daktronics, while notable disposals include Adobe Inc., Camden Property, and Microsoft Corp.
• Stanley Druckenmiller's trend-following trading style, similar to George Soros, continues to shape the portfolio's strategic moves and adjustments.

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 based on Stanley Druckenmiller’s regulatory 13F Form filed on 02/14/2025. The 13F portfolio value increased from $2.95B to $3.72B this quarter. The holdings are concentrated with recent 13F reports showing around 75 positions, many of which are very small. There are 36 securities that are significantly large (more than ~0.5% of the portfolio each) and they are the focus of this article. The largest five stakes are Natera, Coherent, Woodward, Teva Pharma, and Coupang. They add up to ~39% of the portfolio. 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 Q3 2024.

Stanley Druckenmiller started the family office in Q4 2011 after closing his hedge fund Duquesne Capital in 2010. Prior to that, he managed George Soros's Quantum Fund between 1988 and 2000. He follows a trend-following trading style that is similar to George Soros. To know more about Druckenmiller's trading style check out Trend Following: Learn to Make Millions in Up or Down Markets....

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