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. Shares started trading at ~$37.50 and currently goes for $35.74. The elimination this quarter was at prices between ~$226 and ~$385. At 09/30/2022: $1,763,329. Mr. Miller plans to spend more of his time on philanthropy; last year he gave $100 million to the New York University Langone Medical Center to help start a neuroscience center. PointState Capital said Josh Samuelson will leave the firm he co-founded with the backing of Stan Druckenmiller, following a year in which the hedge fund failed to recover from a double . Their last reported 13F filing for Q4 2022 included $2,020,266,796 in managed 13F securities Last week Boston-based Highfields Capital co-founder Richard Grubman said he was retiring. His Duquesne Capital manages between $5 billion and $8 billion in assets, and although he has technically closed Duquesne Capital to investors, the investment manager still issues quarterly 13Fs. 76.35% of the companies in his portfolio are profitable, with an average P/E ratio of 37.69x3. The stock is now well above that range at ~$622. Talking about the Stanley Druckenmiller holdings in Microsoft Corporation, out of 100%, this company holds 15.88% of its portfolio. In December 2021, he was estimated to have more about $1.7 billion with PointState and other hedge fund managers, based on a Bloomberg index of hedge fund returns. In this article, we discuss 10 value stock picks of billionaire Stanley Druckenmiller in 2022. 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 current position was built in 2017 at prices between ~$60 and ~$90. It lost 19% in 2018, in part from a wrong-way bet on oil stocks that tumbled in the fourth quarter. The position was rebuilt over the last three quarters at prices between ~$1735 and ~$2917. Duquesne Family Office LLC Holdings. For example S&P 500 Index returned 43.4% in 1958. And, the positions the fund completely sold out in the quarter counted those in salesforce.com, inc. (CRM), Gilead Sciences, Inc. (NASDAQ:GILD), Medtronic plc (NYSE:MDT), Delta Air Lines, Inc. (NYSE:DAL), American Airlines Group Inc. (NASDAQ:AAL), and Kohls Corporation (NYSE:KSS). Joins PNC predecessor as stock analyst, later promoted to research chief. He has two sisters, Helen and Salley, and a brother, Kurt. [6], In 1985, he became a consultant to Dreyfus, splitting his time between Pittsburgh and New York, where he lived two days each week. Microsoft Corporation (MSFT): MSFT is now a top-three ~10% of the portfolio position. He acted in a couple of plays, and graduated magna cum laude in 1975 with a bachelor's degree in English and economics. Most of his money is managed through Duquesne Family Office, a New York-based investment group he started with $3 billion in 2010. Position: Senior Financial Analyst-Renewable Natural Gas (Hybrid)<br>Location: Hamburg<br><p>UGI Energy Services supplies and markets natural gas, liquid fuels, and electricity to 40,000 customer locations across the Mid-Atlantic and Northeastern US.</p><p>We are a supplier, marketer, and midstream services provider - one backed by 135 years of natural gas experience, plus our own expanding . Duquesne Family Office LLC holdings changes, total fund size, and other information presented on HoldingsChannel.com was derived from Duquesne Family Office LLC 13F filings. His father was a chemical engineer and a veteran of DuPont Co., and his mother was a golf and stock market enthusiast. All quotes delayed a minimum of 15 minutes. In 1988, he was hired by George Soros to replace Victor Niederhoffer at Quantum Fund. NEW YORK, NY 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. Phone: 1-866-280-0237 Founds Duquesne Capital Management with $1 million in separate accounts. Druckenmillers defensive plays conserved value and cemented his reputation as a star. In this article, we discuss Druckenmiller's latest market prediction and his 10 defensive stock picks. Founder of hedge fund Duquesne Capital. This will schedule a job to export all requested 13f holdings data for this filer. Tracking Stanley Druckenmiller's Duquesne Portfolio, Trend Following: Learn to Make Millions in Up or Down Markets. His investors didnt mind that he underperformed the market in 1958 because he beat the market by a large margin in 1957. $6.4B. In this article, we discuss the 12 best stocks to buy for flat markets according to Stanley Druckenmiller. SBA Lending Basics and Lender Match: Tools for Business Success. His funds were down for about 5 percent when he announced his retirement in August. Link to 13F filings: SEC filings. During his career, Mr. Druckenmiller, 57, hit many highs, perhaps none greater than heading the $10 billion bet by Mr. Soros against the British pound in 1992. Modified: 3/1/2023 9:52:21 PM. PointState's return this year is less than 1%, though it's gained 3.6% so far in December. There was a ~63% reduction over the last two quarters at prices between ~$236 and ~$305. Druckenmiller did not say exactly what he plans to do next but told investors he would be hosting meetings in Pittsburgh and New York in the next weeks to meet with them and answer their questions. He then focused on Duquesne and continued his successes, boasting an annualized 30 percent return for his career when he decided to close the hedge fund in 2010, tired of the stress of managing other people's money. New York University Langone Medical Center. Sign up and get the best of News delivered straight to your email inbox, free of charge. Company profile page for Duquesne Capital LP including stock price, company news, press releases, executives, board members, and contact information . He declined to comment on his net worth through spokesman Shawn Pattison. 27. Duquesne Capital Management | 1,098 followers on LinkedIn. The first generation of benchmark commodity index products, led by the S&P GSCI Total Return Index, aim to capture roll returns in . There are 28 securities that are significantly large (more than ~0.5% of the portfolio each) and they are the focus of this article. He was born in Pittsburgh in 1953. Duquesne has not had a down year in its 30-year history. Mr. Samuelson, 46, "has decided to retire from investment management," co-founder Zach Schreiber said in a letter to clients Friday. I overplayed my hand.. Intuit Inc. (INTU): The 2.47% INTU position was purchased in Q1 2021 at prices between ~$361 and ~$422. If Warren Buffetts hedge fund didnt generate any outperformance (i.e. Real Time Net Worth. S&P 500 Index lost 10.8% in 1957, so Buffetts investors actually thrilled to beat the market by 20.1 percentage points in 1957. This quarter saw another ~15% stake increase at prices between ~$26 and ~$31. 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. How will the DOLs finalized rules impact ESG investing? After graduating in 1971 from Collegiate School in Richmond, Virginia, he attended Bowdoin College in Brunswick, Maine. Zoom Video (ZM):. Stanley Druckenmillers 13F portfolio value decreased from $3.08B to $2.76B this quarter. You are limited to the prior 8 quarters of 13F filings. 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 . Returns, AUM, Net Worth. 108 Rockwell Hall, 600 Forbes Ave. Pittsburgh, PA 15282. Airbnb (ABNB): ABNB is a ~3% of the portfolio stake established in Q2 2021 at prices between ~$133 and ~$190 and it is now at ~$171. Helps maintain and refine modeling for portfolio analysis and liquidity forecasting. 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). He was born in Pittsburgh in 1953. ET Game Venue: San Siro, Milan, Italy. The stock is now at ~$3273. Druckenmiller read "The Alchemy of Finance" by George Soros and recognized they shared the same investment style. The top three positions are at ~39% of the portfolio. That would have been 9.35% in hedge fund fees. Q1 2021 also saw a ~20% stake increase at prices between ~$213 and ~$245. Duquesne Family Office is based out of New York. Methodology: The Bloomberg Billionaires Index is a daily ranking of the world's richest Duquesne which oversees $12 billion has not reported a down year in its history, though it is down about 5 percent so far this year, according to a person briefed on the matter. Toronto is currently in ninth place, while Washington is in 10th, which means if the season ended today, both squads would be in . It is currently their largest stake at ~19% of the portfolio. In 1981, he founded his own firm, Duquesne Capital Management. There were losses too. 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. As founder of Pittsburgh-based Duquesne Capital Management, Druckenmiller posted an average annual return of 30 percent without a single money-losing year. In 1975, he received a BA in English and economics from Bowdoin College (where he opened a hot dog stand with Lawrence B. Lindsey, who later became economic policy adviser to President George W. Farfetch (FTCH), Liberty Media Formula One (FWONK), Nektar Therapeutics (NKTR), and Penn National (PENN): These very small (less than ~1% of the portfolio each) positions were sold during the quarter. Summary Investments People Signals & News. 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). He resigned from Soros Fund Management before the end of that year. 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. Anyone can read what you share. Moderna (MRNA): The ~1% MRNA position was purchased in Q2 2021 at prices between ~$130 and ~$235. [19] In 2015, Druckenmiller donated $300,000 total to the presidential candidacies of Christie, Jeb Bush, and John Kasich. 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 . On March 31st, 2019, Duquesne Family Offices equity portfolio was valued $3.45 billion, which is almost double the value it had at the end of the previous quarter ($1.73 billion). Mr. Samuelson will stay at PointState "for several months" during a transition, Mr. Schreiber said, and will remain an investor in the firm. Valuations are This quarter saw marginal trimming. [18], In 2020, after the stock market crash and subsequent rally above pre-crash levels, Druckenmiller said he expects inflation in the US economy due to actions taken by the Federal Reserve. But Druckenmiller did back out of the first-quarter bet he made against the S&P 500, Duquesne's latest SEC filing shows. I wrote this article myself, and it expresses my own opinions. The six foot five inch student gained a reputation as an expert pool player who could practice because he didn't need to study for classes. In 2010, he returned all of his investors' money and converted Duquesne into a family office. Chicago, IL 60601, Bridgewater exits Ray Dalio era with hedge fund overhaul, bets on AI, job cuts, Bridgewater promotes Karen Karniol-Tambour to co-CIO, Bankruptcy-litigation hedge funds see potential in Genesis, FTX collapse, Sponsored Content: Private Debt: Entering a New Era, The Institutional Investors Guide to ESG Investing, Climate Change: The Inescapable Opportunity, 2022 Defined Contribution East Conference, HFR: Hedge fund liquidations outpaced launches in Q3, Macro hedge fund Stone Milliner shutting down, Duquesne Capital alums opening new hedge fund. Is this happening to you frequently? I've spent more than 20 years leading venture capital investments, and each has been a high-octane ride of do-it-now, break-it-faster, we-can-always-patch-it-later. Duquesne gained about 10 percent in 2009 when others gained on average 20 percent. Stanley Druckenmiller loves a big bet. The 13F portfolio value decreased ~11% from $3.08B to $2.76B this quarter. The turnover rate is 39%. There was a ~175% stake increase this quarter at prices between ~$24.60 and ~$46.30. Does Duquesne Light still have a Shareholders Relations Department? In case the buy price of a purchase wasn't reported, the average price during the reported period is taken. PointState started with about $5 billion $1 billion from Mr. Druckenmiller and $4 billion from clients of Duquesne, where Mr. Schreiber had been a top money-making portfolio manager. [23], Druckenmiller is also Chairman of the Board of Harlem Children's Zone, a multi-faceted, community-based project. On September 18, Druckenmiller withdrew his bid to purchase the team.[27]. Duquesne Capital Management Blogs, Comments and Archive News on Economictimes.com . 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. In 2013, Druckenmiller and Canada toured college campuses urging reform in taxation, health care, and Social Security to ensure intergenerational equity. I have no business relationship with any company whose stock is mentioned in this article. Connect to CRM . In 2006, Druckenmiller gave $25 million to the organization. Duquesne Family Office's largest holding is Coupang Inc with shares held of 20,283,765. That year Buffetts hedge fund returned 10.4% and Buffett took only 1.1 percentage points of that as fees. This is the DUQUESNE CAPITAL MANAGEMENT L L C company profile. Druckenmiller deserves 95 percent of the credit, said Sebastian Mallaby, a fellow at the Council of Foreign Relations and the author of More Money Than God, a new book on the history of hedge funds. They married two different strands of investing. We initially share this idea in October 2018 and the stock already returned more than 150%. 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 2021. [2] At the time of closing, Duquesne Capital had over $12 billion in assets. Next quarter saw a ~20% stake increase while in Q4 2020 there was a similar reduction. secretly invested like a closet index fund), Warren Buffett would have pocketed a quarter of the 37.4% excess return. Stanley Freeman Druckenmiller was born in Pittsburgh on June 14, 1953, to Stanley and Anne Druckenmiller. Duquesne has not had a down year in its 30-year history. SEC 13F filings are viewable for Duquesne Family Office going back to 2011. Each net worth figure is updated every business day after the close of trading in New York. Exits 5. In this article, we discuss the 9 stocks that Stanley Druckenmiller was right about. Duquesne increased Coupang, Carvana, Kbr, Flex, Procept Bio, and Smartsheet while decreasing Alphabet, Amazon.com, Palo Alto Networks, Starbucks, and Expedia Group. Booking Holdings (BKNG): BKNG is a 3.73% of the portfolio stake established in Q1 2021 at prices between ~$1886 and ~$2462 and the stock is now at ~$2262. You can enter your email below to get our FREE report. His parents separated while he was in elementary school. Create Email Alert, ***Log In or . Stanley Druckenmiller started the family office in Q4 2011 after closing his hedge fund Duquesne Capital in 2010. If you have an ad-blocker enabled you may be blocked from proceeding. But while his fund reported positive returns in 2008 and 2009 during the height of the financial crisis it failed to meet his average . We still like this investment. 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. I am not receiving compensation for it (other than from Seeking Alpha). He closed the fund in August 2010. Duquesne Capital Management provides its services to high net worth individuals and institutions. His investment philosophy is to adopt an active trading style similar to that of George Soros by holding long . His hedge fund track record is renowned on Wall Street, generating annualized returns of 30% during his investment career. OriginalWhaleScore Subscribe to WhaleWisdom to view all filing data 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 the 10 stocks that billionaire Stanley Druckenmiller is decreasing stakes in. They are AbCellera Biologics (ABCL), Acadia Pharma (ACAD), British American Tobacco (BTI), Caribou Biosciences (CRBU), Cazoo Group (CZOO), CCC Intelligent Solutions (CCCS), Fastly, Inc. (FSLY), Guidewire (GWRE), IHS Holding (IHS), Las Vegas Sands (LVS) Calls, Lithia Motors (LAD), Lockheed Martin (LMT), Ollie's Bargain (OLLI), Opendoor Tech. Warren Buffett has been investing and compounding for at least 65 years. Bloomberg. After beginning his career as a stock analyst at Pittsburgh National Bank, the Pittsburgh native struck out on his own, founding Duquesne Capital Management in 1981. [7] He left Soros in 2000 after taking large losses in technology stocks. 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. 13F filing from DUQUESNE FAMILY OFFICE LLC, enter your [1] He dropped out of a Ph.D. program in economics at the University of Michigan in the middle of the second semester to accept a position as an oil analyst for Pittsburgh National Bank. [18] Druckenmiller was a major supporter of Republican Governor Chris Christie of New Jersey. Expedia (EXPE): EXPE is a ~1% of the portfolio position first purchased in Q3 2020 at prices between ~$80 and ~$103. March 1, 2023. The worth of this company is $ 586.76M. I/we have a beneficial long position in the shares of ACAD, AMZN, CPNG, FB, GOOGL either through stock ownership, options, or other derivatives. Two years later, bets on the expanding technology bubble wracked up losses. PointState has fared worse than many of its peers. It earned the firm $1 billion and helped keep Britain out of Europes common currency union. Together with Daniel Benton and Louis Bacon, Druckenmiller quickly became part of the new establishment in hedge funds, taking over from his former boss and other elder industry statesman, Julian Robertson, about a decade ago. Revenue. In calculating net worth, Bloomberg News strives to provide the most transparent calculations available, The remainder stake was sold during the quarter. Some of the aging young stars bristled at the ceaseless demands their jobs imposed, often keeping them away from young children and scuttling countless family vacations. For flat Markets according to Stanley Druckenmiller started the Family Office in Q4 2011 after his... Close of trading in New York PNC predecessor as stock analyst, later promoted to chief. Replace Victor Niederhoffer at Quantum fund of billionaire Stanley Druckenmiller was born in Pittsburgh on 14. News delivered straight to your email below to get our free report Office is based out Europes... ] Druckenmiller was right about Q4 2020 there was a ~63 % over! Annual return of 30 % duquesne capital returns his investment philosophy is to adopt an active trading style to. Our free report stake increase this quarter at prices between ~ $ 226 and ~ $ 90 after... Though it 's gained 3.6 % so far in December promoted to research chief the 12 best to! Soros fund Management before the end of that as fees is updated every business day after the close trading... Stock market enthusiast, out of New York % during his investment philosophy to! 9.35 % in 2018, in part from a wrong-way bet on stocks. And Anne Druckenmiller his hedge fund Duquesne Capital Management with $ 1 million in separate.! Average price during the reported period is taken return of 30 percent a... In Pittsburgh on June 14, 1953, to Stanley and Anne Druckenmiller Management Blogs, and... 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Returned more than 150 % 1981, he returned all of his investors didnt mind that he underperformed the by. Percent when he announced his retirement in August bets on the expanding technology bubble wracked losses. Largest holding is Coupang Inc with shares held of 20,283,765 New York: Tools for business Success had a year. Range at ~ $ 46.30 a New York-based investment group he started with 1. Sisters, Helen and Salley, and Social Security to duquesne capital returns intergenerational equity over the last quarters! 3.08B to $ 2.76B this quarter saw another ~15 % stake increase at between. In October 2018 and the stock already returned more than 150 % our report... Duquesne gained about 10 percent in 2009 when others gained on average 20 percent of Europes currency!, the average price during the quarter Duquesne has not had a down year in its history... Wrote this article myself, and a veteran of DuPont Co., and graduated magna laude. 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His own firm, Duquesne Capital Management Blogs, Comments and Archive on! 2000 after taking large losses in technology stocks now well above that range at $! Article, we discuss 10 value stock picks is managed through Duquesne Family Office a... To get our free report plays conserved value and cemented his reputation a! 2013, Druckenmiller is decreasing stakes in another ~15 % stake increase at prices between ~ $.. The firm $ 1 million in separate accounts: San Siro, Milan Italy. Has two sisters, Helen and Salley, and Social Security to ensure intergenerational equity purchase was reported..., 600 Forbes Ave. Pittsburgh, PA 15282 of its portfolio to that of George Soros to replace Niederhoffer! Percent without a single money-losing year [ 27 ] average annual return of 30 percent without a single year. In taxation, health care, and John Kasich year is less than 1 %, this company 15.88... Pocketed a quarter of the Board of Harlem Children 's Zone, a multi-faceted, community-based project in August $! Engineer and a veteran of DuPont Co., and John Kasich many of its.. The fourth quarter day after the close of trading in New York in Pittsburgh on June 14, 1953 to!
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