There was a ~43% selling this quarter at prices between ~$91 and ~$124. The three quarters through Q1 2020 saw a ~80% selling at prices between ~$133 and ~$185. There are 28 securities that are significantly large (more than ~0.5% of the portfolio each) and they are the focus of this article. Returns of mid-teens from 2011 to 2017 . Teck Resources (TECK): TECK was a 2.47% of the portfolio position built in Q4 2020 at prices between ~$12.25 and ~$18.85. September 28, 2010. Q2 2020 saw the stake rebuilt at prices between ~$6.25 and ~$10.90. Q1 2021 also saw a ~14% stake increase. You can get rich by returning 20% per year and compounding that for several years. Druckenmiller began his financial career in 1977 as a management trainee at Pittsburgh National Bank. Stanley Druckenmiller, the chief of New York-based hedge fund Duquesne Capital, is one of the most [] In this article, we discuss the 10 stocks Stanley Druckenmiller is selling. . to see more advanced email alert options such as selecting any type of Bloomberg reporting. Founder, Duquesne Family Office. delivering an annual average return of 30% from 1986 to 2010, according to Yahoo Finance. But the following years were difficult for the young stars and the old guard alike as they faced fallout from the bursting of the technology bubble, the introduction of the new European currency, a bear market, and then the subprime mortgage crisis, which in 2008 left the hedge fund industry with its worst ever returns. DUQUESNE CAPITAL MANAGEMENT L L C. Glassdoor gives you an inside look at what it's like to work at DUQUESNE CAPITAL MANAGEMENT L L C, including salaries, reviews, office photos, and more. Stanley Druckenmiller is one of the titans of the hedge fund industry. Takes over management of flagship Dreyfus Fund under Howard Stein. Stanley Druckenmillers 13F portfolio value decreased from $3.08B to $2.76B this quarter. His investment philosophy is to adopt an active trading style similar to that of George Soros by holding long options and shorts while using leverage for futures trades; additionally, he invests in gold and bitcoin. SC 13G - NFE / New Fortress Energy LLC / Duquesne Family Office LLC - SCHEDULE 13G Passive Investment 2019-08-20 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. Duquesne has not had a down year in its 30-year history. The top three positions are at ~39% of the portfolio. This company is the number 1 company in his portfolio having 2.64M shares. Duquesne Capital Management Druckenmiller, who acquired expertise in making global bets on interest rates and currencies while working at Soros Fund Management, posted an average annual return of 30 percent at his fund for decades. The stake has wavered. I am not receiving compensation for it (other than from Seeking Alpha). A spokesman said the fund is off 5 percent this year as the average fund is up 1.52 percent. Please direct all future correspondence related to the purchase of Duquesne Light's common stock to EQ Shareowner Services. Whalewisdom has at least 43 13F filings, 12 13D filings, and 53 13G filings. In the regulatory environment after Duquesne, investors are exposed to substantial risks from very large cost disallowances without equivalent opportu-nities for gain. Get our editors daily picks straight in your inbox! Save . [19] In 2015, Druckenmiller donated $300,000 total to the presidential candidacies of Christie, Jeb Bush, and John Kasich. The stock is now well above that range at ~$622. Hedge Fund and Insider Trading News: Paul Tudor Jones, David Tepper, Broadridge Auto Insurance Rates in Ontario Will Continue To Go Up In 2019. OriginalWhaleScore Last edited on 11 November 2022, at 06:10, Greenwich Township, Gloucester County, New Jersey, Pittsburgh Post-Gazette: "Steelers' suitor Stanley Druckenmiller has always been good at making money" By Bill Toland, Forbes: The World's Billionaires - Stanley Druckenmiller, "Druckenmiller: Fed policy 'fraught with unappreciated risk', "Bowdoin Brief: Druckenmiller '75 earns $260 million in 2008", "Il miliardario Druckenmiller si disfa di altre azioni big tech in attesa recessione, ecco le due big di Wall Street scaricate lo scorso trimestre", "Druckenmiller Calls It Quits After 30 Years as Job Gets Tougher", "Soros Shuffles Management as Big Funds Struggle", "Duquesne Alumni Said to Start New Hedge Fund With $5 Billion", "Druckenmiller to Shutter His Hedge Fund", "Stanley Druckenmiller Portfolio / Duquesne Family Office LLC Holdings", "Duquesne Family Office LLC - Latest 13F Holdings", "Billionaire Hedge Fund Investor Druckenmiller Says He Owns Bitcoin in CNBC Interview", "Wall Street Titans & Their Warbling Daughters", "Sarah Druckenmiller, Maximilian Cascante", "The Fabulous Lives Of Wall Street's Kids", "From Fracking to Finance, a Torrent of Campaign Cash", "Christie's Camp Mobilizes to Salvage White House Hopes", "Druckenmiller Says Inflation Could Reach as High as 10%", "Hedge Funder Stan Druckenmiller Wants Every Young Person In America To See These Charts About How They're Getting Screwed", "45,000 Walkers Raising $6 Million Prove AIDS Walk New York Steps Still Lead the Way", "Druckenmiller withdraws name from Steelers sale", More Money Than God: Hedge Funds and the Making of a New Elite, "Druckenmiller to become full-time philanthropist", https://en.wikipedia.org/w/index.php?title=Stanley_Druckenmiller&oldid=1121229414, This page was last edited on 11 November 2022, at 06:10. Druckenmiller's small 0.74% of the portfolio stake goes back to funding rounds prior to the IPO. This is basically a recipe to generate better returns than Warren Buffett is achieving himself. Please disable your ad-blocker and refresh. Performance $10.1B can buy Druckenmiller's fortune is derived from the proceeds he's earned running hedge funds for more than 30 years. The stock is now at ~$87. Stan Druckenmillers Duquesne Capital is a family office that primarily manages the billionaire money managers personal fortune, which stands at about $6.8 billion according to Forbes. Stan Druckenmiller's net worth of Reprints. Since its inception in May 2014, our flagship strategy generated a cumulative return of 103%, beating the S&P 500 ETF (SPY) by nearly 38 percentage points (see the details here). SEC form, multiple filers or classes of filers, and much more.***. It earned the firm $1 billion and helped keep Britain out of Europes common currency union. In this article, we discuss the 10 stocks that billionaire Stanley Druckenmiller is selling. The largest company in Stanley Druckenmiller portfolio by market cap is Apple Inc, while the smallest is Dunkin Brands Group Inc.4. When completed, an email will be sent to the email address you specify Duquesne Family Office's largest holding is Coupang Inc with shares held of 20,283,765. The impact to a portfolio due to this purchase was 0.43%. Actually Warren Buffett failed to beat the S&P 500 Index in 1958, returned only 40.9% and pocketed 8.7 percentage of it as fees. Smartsheet (SMAR): The small 1.105 of the portfolio stake in SMAR saw a ~500% stake increase this quarter at prices between ~$59.50 and ~$80. View Map. [1] [2] As of 2016, the firm reported $1,026B in managed securities and a portfolio with a 23.8 percent allocation in the materials sector, a 15.3 percent allocation in the health care sector, and a 14.6 percent allocation in the . Senior Property Tax Specialist. Mr. Druckenmiller declined to comment. Starbucks Corp. (SBUX): SBUX is a 1.54% stake built in 2020 at prices between ~$63 and ~$107. The average dividend of the stocks in his portfolio is 1.08%. Real Time Net Worth. Duquesne Fund Services Executive Team & Key Decision Makers. The stock currently trades at ~$126. Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter. The stock currently trades at $51.45. The next three quarters had seen the position reduced by ~85% at prices between ~$1100 and ~$1830. The largest five stakes are Coupang, Alphabet, Microsoft, Freeport-McMoRan, and Amazon.com. I have had to recognize that competing in the markets over such a long time frame imposes heavy personal costs, he said. He closed the fund in August 2010. [3] He is reported to have made $260 million in 2008.[4]. We see several investors trying to strike it rich in options market by risking their entire savings. Sorry, no results has been found matching your query. So, how did Warren Buffett manage to generate high returns and beat the market? Now well find out whether Ive just been in your hair too much or whether you really are inept.. We take a closer look at hedge funds like Duquesne Family Office in order to identify their best and worst ideas. Graduates from college preparatory school in Richmond, Virginia. The position was sold down to a very small 0.84% of the portfolio stake last quarter at prices between ~$19.50 and ~$26.80. In this article, we discuss Druckenmiller's latest market prediction and his 10 defensive stock picks. It was rebuilt this quarter at prices between ~$204 and ~$303. In his letter, Mr. Druckenmiller wrote: To date we have delivered an unbroken record of positive annual performance, which I hope will continue for 2010 as well.. Duquesne Capital Management LLC Pittsburgh. His hedge fund track record is renowned on Wall Street, generating annualized returns of 30% during his investment career. Later that decade, Mr. Soros, who had begun shifting his focus to philanthropy, recruited Mr. Druckenmiller to become the principal manager of his Quantum Fund after Mr. Druckenmiller read Mr. Soross book The Alchemy of Finance and arranged to meet him. In a letter sent to his 100-plus investors on Wednesday, Druckenmiller, the 57-year-old chief executive of $12 billion Duquesne Capital Management, said he was dissatisfied with his recent . The elimination this quarter was at prices between ~$525 and ~$695. His investors didnt mind that he underperformed the market in 1958 because he beat the market by a large margin in 1957. There was a ~60% selling last quarter at prices between ~$339 and ~$382. Stanley F. Druckenmiller, the hedge fund titan who led George Soross famous bet against the British pound, told clients on Wednesday that he was quitting the business and shutting down his investment firm, Duquesne Capital, after 30 years. Following his long partnership with Soros, Druckenmiller built Duquesne Capital to a peak of $12B of assets under management. In 2006, Druckenmiller gave $25 million to the organization. All rights reserved. But while his fund reported positive returns in 2008 and 2009 during the height of the financial crisis it failed to meet his average historical returns. He indicated it was not easy to make big profits while handling very large sums of money. The Battle of Fort Duquesne was a British assault on the eponymous French fort (later the site of Pittsburgh) that was repuls There was a ~15% trimming over the last three quarters. But they also engaged in old-fashioned stock picking, researching companies through fundamental security analysis. Last two quarters had seen a ~25% selling at prices between ~$30 and ~$45. Hence, he closed the fund that has been running for 29 years (it was founded back in 1981) and had $12 billion in assets, and turned it into a family office, which, interestingly, still issues quarterly 13Fs. . Warren Buffett never mentions this but he is one of the first hedge fund managers who unlocked the secrets of successful stock market investing. He moved to Pittsburgh full-time in 1986, when he was named head of the Dreyfus Fund. . Duquesne Family Office has met the qualifications for inclusion in . Stanley Druckenmiller's net worth is estimated by Forbes to be $2.8 billion, and his past success with George Soros (the duo booked a $1B gain on their infamous short of the British Pound in 1992) warrants all investors' attention. We initially share this idea in October 2018 and the stock already returned more than 150%. Druckenmiller is chairman and chief investment officer of Duquesne Family Office. The stock currently trades at ~$220. After nearly falling out over investment styles, Mr. Soros decided to move to London to give Mr. Druckenmiller more space, Mr. Mallaby recounted in his book. Dish Network (DISH), Flex Ltd. (FLEX), KBR Inc. (KBR), Option Care Health (OPCH), and Sea Ltd. (SE): These are very small (less than ~1% of the portfolio each) stakes that were increased this quarter. Stanley Freeman Druckenmiller is a hedge fund manager, philanthropist, and investor. or to simply have an email sent to you whenever we receive a new . as of 3/1/23. In case the buy price of a purchase wasn't reported, the average price during the reported period is taken. The stock currently trades at $40.64. Find company research, competitor information, contact details & financial data for Duquesne Capital Management LLC of Pittsburgh, PA. Get the latest business insights from Dun & Bradstreet. Kenneth Langone leaves the offices of Duquesne Capital Monday, April 25 in New York. S&P 500 Index generated an average annual compounded return of only 9.2% during the same 10-year period. Expedia (EXPE): EXPE is a ~1% of the portfolio position first purchased in Q3 2020 at prices between ~$80 and ~$103. PointState had 90 employees as of November. And in doing so, Druckenmiller has amassed a personal fortune of his own. In 1976, he married his high school sweetheart; they divorced in 1980. There was a ~7% trimming this quarter. Founds Duquesne Capital Management with $1 million in separate accounts. He declined to comment on his net worth through spokesman Shawn Pattison. I started my trip around Karnataka by visiting Bangalore/Bengaluru and creating a travel vlog of my journey. Duquesne Family Office has met the qualifications for inclusion in our WhaleScore system. The position was sold down by ~60% last quarter at prices between ~$302 and ~$370. As you can guess, Warren Buffetts #1 wealth building strategy is to generate high returns in the 20% to 30% range. the MV of securities sold, whichever is less, Disclosure: I/we have a beneficial long position in the shares of ACAD, AMZN, CPNG, FB, GOOGL either through stock ownership, options, or other derivatives. The way to build long-term returns is through preservation of . Among the top new positions were T-Mobile US, Inc. (NASDAQ:TMUS), The Home Depot, Inc. (NYSE:HD), General Electric Company (NYSE:GE), Mastercard Incorporated (NYSE:MA), Visa Inc. (NYSE:V), and QUALCOMM Incorporated (NASDAQ:QCOM). In the same report you can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12-24 months. [9], According to The Wall Street Journal, on August 18, 2010, Druckenmiller "told clients that he's returning their money and ending his firm's 30-year run, citing the 'high emotional toll' of not performing up to his own expectations." Since the end of 2015, the fund is down about 18% through the third quarter, even as global stocks have returned 45%. WSC is a 2.22% stake purchased at prices between ~$31.50 and ~$41 and it currently goes for $39.46. Toronto (31-32 SU, 31-32 ATS) travels to Washington to take on the Wizards (29-32 SU, 29-29-3 ATS) on Thursday at 7:10pmET from Capital One Arena. He closed the fund in August 2010. That same year while at Dreyfus, he started his first hedge fund at Duquesne. All content is posted anonymously by employees working at DUQUESNE CAPITAL MANAGEMENT L L C. Announces plan to retire after 30 years of investing others money. Druckenmiller read "The Alchemy of Finance" by George Soros and recognized they shared the same investment style. Phone: 1-866-280-0237 They also dropped Meta Platforms, Intuit, Moderna, and Zoom. Oscar Health (OSCR) and Palantir Technologies (PLTR):These very small (less than ~1% of the portfolio each) stakes were kept steady this quarter. Wednesday, March 1, 2023 10:03 a.m. | Wednesday, March 1, 2023 10:03 a.m. WASHINGTON The nominee for archivist of the United States made her second appearance before the Senate Homeland . Duquesne Family Office was formed when decided to close the doors of his hedge fund Duquesne Capital to the outside investors in 2010 and to return client money. This quarter saw another ~15% stake increase at prices between ~$26 and ~$31. There was a ~50% stake increase last quarter at prices between ~$28 and ~$44.50. While equities were the firm's biggest exposure in the first three quarters of this year, losses in other strategies, including corporate debt and currencies, eroded those profits. He has two sisters, Helen and Salley, and a brother, Kurt. Receives English and economics degree from Bowdoin, magna cum laude. There was a ~25% stake increase in Q2 2021 at prices between ~$3152 and ~$3505. The companies with the best profit margin in his portfolio are Bluebird bio Inc (1269.69%), followed by BioNTech SE(55.82%), and Moderna Inc (55.0%).5. Stakes in publicly traded companies are valued using the share's most recent closing price. The stock is now at ~$149. The firm posted returns of more than 20% in both 2013 and 2014, when it made about $1 billion from a bet against oil. Get our editors daily picks straight in your inbox! At the time of closing, Duquesne Capital had over $12 billion in assets.. From 1988 to 2000, he managed money for George Soros as the lead portfolio manager . Overall, Purpose:\ The Operations Project Management office is responsible . This will schedule a job to export all requested 13f holdings data for this filer. In 1981, he founded his own firm, Duquesne Capital Management. Find top employees, contact details and business statistics at RocketReach. 685 Third Avenue Alphabet Inc. (GOOG): The large (top three) ~10% GOOG stake was established in Q4 2019 & Q1 2020 at prices between ~$1215 and ~$1521. [8] Since then, he has concentrated full-time on Duquesne Capital. The bursting of the dot-com bubble in March 2000 hurt his portfolio, prompting him to quit his post managing the Quantum Fund after a dozen years. he was tired of the stress of managing money for others and frustrated by his failure in the past three years to match returns. [1] His parents divorced when he was in elementary school and he went to live with his father in Gibbstown, New Jersey (a section of Greenwich Township, Gloucester County, New Jersey) and then in Richmond, Virginia (his sisters, Helen and Salley, would stay with their mother in Philadelphia). Eq Shareowner Services three years to match returns, Intuit, Moderna, and Amazon.com while... He said fund industry and ~ $ 1100 and ~ $ 30 and ~ $.!, generating annualized returns of 30 % from 1986 to 2010, according to Yahoo.! 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