Stanley Druckenmiller Invests in 18 New Stakes

Wells Fargo, Halliburton, Citigroup, Microsoft among second-quarter acquisitions

Sep 15, 2015

Hedge fund manager Stanley Druckenmiller (Trades, Portfolio) launched Duquesne Capital Management in 1981 but felt compelled to close it in 2010 because he felt incapable of producing high returns for his clients. He may have more confidence in producing such returns for his own portfolio. Druckenmiller bought 18 new stakes in the second quarter, the most he has acquired in a quarter in nearly a year.

Druckenmiller’s most noteworthy second-quarter transaction was his purchase of a 2,880,000-share stake in SPDR Gold Trust (ETF) [GLD], part of the SPDR family of exchange-traded funds. Druckenmiller paid an average price of $114.47 per share. The acquisition had a 21.81% impact on Druckenmiller’s portfolio.

John Paulson (Trades, Portfolio), First Eagle Investment (Trades, Portfolio), Signature Select Canadian Fund (Trades, Portfolio), Richard Snow (Trades, Portfolio), Ken Fisher (Trades, Portfolio) and John Hussman (Trades, Portfolio) have shares of SPDR Gold Trust in their portfolios.

Druckenmiller bought a 1,679,400-share stake in Wells Fargo & Co. (WFC, Financial), a San Francisco-based banking and financial services holding company, for an average price of $55.73 per share. The purchase had a 6.36% impact on Druckenmiller’s portfolio.

Druckenmiller acquired a 1,547,000-share stake in Halliburton Co. (HAL, Financial), a Houston-based oilfield services and equipment company, for an average price of $46.04 per share. The deal had a 4.49% impact on Druckenmiller’s portfolio.

Druckenmiller purchased a 3,547,000-share stake in Freeport-McMoRan Inc. (FCX, Financial), a Phoenix-based mining company, for an average price of $20.62 per share. The transaction had a 4.45% impact on Druckenmiller’s portfolio.

Druckenmiller acquired a 1,175,000-share stake in Citigroup Inc. (C, Financial), a Manhattan-based banking and financial services corporation. Druckenmiller paid an average price of $54.36 per share in a deal that had a 4.37% impact on his portfolio.

Druckenmiller purchased a 1,398,100-share stake in Microsoft Corp. (MSFT, Financial), a Redmond, Wash.-based computer software company, for an average price of $45.55 per share. The transaction had a 4.16% impact on Druckenmiller’s portfolio.

Druckenmiller acquired a 1,163,300-share stake in Dow Chemical Co. (DOW, Financial), a Midland, Mich.-based chemical corporation, for an average price of $51.11 per share. The purchase had a 4.01% impact on Druckenmiller’s portfolio.

Druckenmiller also bought stakes in JPMorgan Chase & Co. (JPM, Financial), Alcoa Inc. (AA, Financial), Newmont Mining Corp. (NEM, Financial), JD.com Inc. (JD, Financial), SunTrust Banks Inc. (STI, Financial), BB&T Corp. (BBT, Financial), PNC Financial Services Group Inc. (PNC), American International Group Inc. (AIG), Eastman Chemical Co. (EMN), Ctrip.com International Ltd. (CTRP) and eBay Inc. (EBAY).

To view the portfolios of more gurus, visit the List of Gurus page. Not a premium member of GuruFocus? Try it free for 7 days.

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Mobile App 中文

Education

Financial Glossary Tutorials FAQ Schedule Free Session Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us ETF Advertise Site Map Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. This investment adviser does not provide advice to individual investors. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.