New York, NY – Stanley Druckenmiller, a well-known investor and former manager of George Soros’s Quantum Fund, has been making significant changes to the Duquesne Family Office’s 13F stock portfolio. The latest regulatory filing shows that the portfolio value has increased from $3.35 billion to $4.39 billion this quarter. Druckenmiller has a concentrated portfolio with around 75 positions, but the focus is on 30 securities that make up more than 0.5% of the total holdings each. The top five stakes in the portfolio include Microsoft, Coupang, Teck Resources, Vistra Corp, and Natera Inc, which together account for approximately 33% of the portfolio.

Druckenmiller’s trading style is influenced by trend-following strategies, similar to those employed by George Soros. Recently, he made headlines by increasing his investments in the top-five Argentine ADRs after being inspired by a speech from the President of Argentina, Javier Milei, at Davos 2024. Some of the top Argentine ADRs in his portfolio include YPF SA, Cresud, IRSA, Grupo Financiero Galicia, and Edenor.

In terms of new stakes, Druckenmiller made several notable additions to the portfolio in the recent quarter. This includes positions in iShares Russell 2K (IWM) Calls, Coherent Corp. (COHR), Discover Financial Services (DFS), Kinder Morgan (KMI), as well as smaller positions in companies like Citigroup, KeyCorp, Madison Square Garden Ent., Meta Platforms, and Westinghouse Air Brake Technologies.

However, not all positions saw an increase in stake. Druckenmiller also made significant reductions in certain holdings, such as UBS Group AG, Lamb Weston Holdings, Chevron Inc., Barrick Gold, Newmont Corp., Pure Storage, Tempur Sealy Intl., TKO Group Holdings, and Veeva Systems. Stake decreases were seen in companies like Coupang Inc., Teck Resources, NVIDIA Corp., Seagate Tech., News Corp., Vertiv Holdings, Eli Lilly, Option Care Health, Cameco, KBR Inc., and Booz Allen Hamilton.

Druckenmiller’s portfolio adjustments reflect his strategy of closely monitoring and adjusting his investments based on changing market conditions and opportunities. With a focus on both established companies and emerging trends, Druckenmiller continues to maintain a dynamic and diverse portfolio.