Over the past days hedge funds have been filing their form 13-F, which is a quarterly report of equity holdings by filed institutional investment managers with at least $100 million in equity assets under management, as required by the United States Securities and Exchange Commission (SEC). In this article, let´s concentrate in one particular hedge fund and try to see the principal holdings in its portfolio. I will look into Duquesne Family Office LLC from Stanley Druckenmiller, who closed his Duquesne Capital Management hedge fund in 2010, returned capital to investors, and converted it into a family office managing his personal fortune.
Recently the family office reported its equity portfolio, as at the end of last year. The total value of the portfolio amounted to $1.5 billion, up from $0.84 billion disclosed at the end of the previous quarter. Consequently, the fund's total return was 77% in the last quarter. The filing revealed that at the end of last year, the fund added 21 new positions to its equity portfolio, and sold out of seven other companies. The top 10 portfolio holdings as of the end of the quarter represented 53%. The largest changes from previous 13-F fillings are in the telecom sector (5%) followed by materials (1.4%). Continue Reading »