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Stanley Druckenmiller - Q3 Sells in Review

November 21, 2013 | About:
Sally Jones

Sally Jones

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As of the third quarter, the Duquesne Family Office portfolio, managed by Stanley Druckenmiller, lists 28 stocks, 19 of them new, a total value at $846 million, with a quarter-over-quarter turnover of 47%. The portfolio is weighted with top three sectors: technology at 28.7%, healthcare at 22.2% and energy at 18.4%. The stocks Stanley Druckenmiller bought in the past 12 months have an average return of 19.18%.

Here’s a look at the high-impact sells and reductions made by Stanley Druckenmiller in the third quarter of 2013, beginning with his mega-reduction of CBS Corporation, recently reporting its best-ever third quarter results with revenue up 11% at $3.6 billion, a 5% hike in operating income at $828 million, and earnings of $0.76 per diluted share, increased by 19%, all compared to the same quarter of 2012.

CBS Corporation (CBS): Reduced

Impacts Portfolio: -11.31%

Current Shares: 481,700

Up 63% over 12 months, CBS Corporation has a market cap of $35.07 billion; its shares were traded at around $58.44 with a P/E ratio of 20.50. The dividend yield is 0.80%.

Guru Action: As of Sept. 30, 2013, Stanley Druckenmiller reduced his position by 76.43%, selling 1,662,190 shares at an average price of $53.20, for a gain of 9.8%.

Overall, he has averaged a 23% gain on 2,143,890 shares bought at an average price of $47.70 per share. He gained 10% on 1,662,190 shares sold at an average price of $53.20 per share.

More gurus and insiders are trading CBS.

Track historical share pricing, revenue and net income:

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Procter & Gamble Co. (PG): Sold Out

Impacts Portfolio: -6.5%

Up 22% over 12 months, Procter & Gamble Co. has a market cap of $230.48 billion; its shares were traded at around $84.79 with a P/E ratio of 21.50. The dividend yield is 2.80%.

Guru Action: As of Sept. 30, 2013, Stanley Druckenmiller sold out his PG, selling 609,899 shares at an average price of $79.58, for a gain of 6.5%.

Over five gaining quarters, Druckenmiller’s highest gain was 39.5% on a new buy of 129,300 shares bought at an average price of $60.79 per share.

Check out the gurus and insiders trading PG.

Track historical share pricing, revenue and net income:

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US Airways Group Inc. (LCC): Sold Out

Impacts Portfolio: -5.8%

Up 91% over 12 months, US Airways Group Inc. has a market cap of $4.72 billion; its shares were traded at around $23.90 with a P/E ratio of 8.20. The company does not pay a dividend.

Guru Action: As of Sept. 30, 2013, Stanley Druckenmiller sold out his LCC, selling 2,402,817 shares at an average price of $17.70 per share, for a gain of 35%, his lowest point in the trading history.

Over six gaining quarters, Druckenmiller’s highest gains were 122.3% and 108.7% made in the second and third quarters of 2012, respectively.

Over five gaining quarters, Druckenmiller’s highest gain was 39.5% on a new buy of 129,300 shares bought at an average price of $60.79 per share.

Check out all of the gurus trading and insiders selling LCC.

Track historical share pricing, revenue and net income:

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Charter Communications Inc. (CHTR): Sold Out

Impacts Portfolio: -5%

Up 82% over 12 months, Charter Communications Inc. has a market cap of $13.3 billion; its shares were traded at around $127.69 with a P/B ratio of 216.40. The company does not pay a dividend.

Guru Action: As of Sept. 30, 2013, Stanley Druckenmiller sold out his CHTR, selling 305,687 shares at an average price of $126.89, for a gain of 0.6%, his lowest point in three gaining quarters. Druckenmiller’s highest gain was 50.2% on a new buy of 222,000 shares bought at an average price of $85 per share in the first quarter of 2013.

Many gurus are trading and insiders are selling CHTR.

Track historical share pricing, revenue and net income:

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Here is the complete portfolio of Stanley Druckenmiller.



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About the author:

Sally Jones
Sally Jones writes about Real Time Picks. She says, "I truly enjoy watching the Gurus in realtime and telling their story."

Rating: 3.0/5 (2 votes)

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