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Stanley Druckenmiller Top Holdings: Apple Inc., Company, Teck Cominco Ltd., Hess Corp.

December 14, 2009 | About:
(GuruFocus, December 14, 2009) GuruFocus started track Stanley Druckenmiller, founder of Duquesne Capital Management.

A few words about Druckenmiller, via Wikipedia:
Druckenmiller began his financial career in 1977 as a management trainee at Pittsburgh National Bank after dropping out of a Ph.D. program at the University of Michigan. He became head of the bank's equity research group after one year. In 1981 he founded his own firm Duquesne Capital Management.

In 1985, he became a consultant to Dreyfus, splitting his time between Pittsburgh and New York, where he lived two days each week. He moved to Pittsburgh full time in 1986 when he was named head of the Dreyfus Fund. As part of his agreement with Dreyfus, he also maintained management of Duquesne. In 1988, he was hired by George Soros to replace Victor Niederhoffer at Quantum Fund. He and Soros famously "broke the Bank of England" when they shorted British pound sterling in 1992, reputedly making more than $1 billion in profits. He left Soros in 2000 after taking large losses in technology stocks. Since then he has concentrated full time on Duquesne Capital, which has had a very successful track record. He is profiled in the book The New Market Wizards by Jack D. Schwager.


Like his mentor George Soros, Druckenmiller is big on betting on trends. This is reflected in the concentrated top positions and frequent trading in and out of these positions. As of September 30, 2009, These stocks are his top holdings:

No. 1: Apple Inc. (AAPL), Weightings: 7.06% - 1,797,200 Shares

Apple Computer, Inc. designs, manufactures and markets personal computers and related personal computing and communicating solutions for sale primarily to education, creative, consumer, and business customers. Apple Inc. has a market cap of $177.42 billion; its shares were traded at around $196.98 with a P/E ratio of 31.4 and P/S ratio of 4.9. Apple Inc. had an annual average earning growth of 90.5% over the past 5 years.

No. 2: Monsanto Company (MON), Weightings: 5.48% - 3,344,000 Shares

Monsanto is a leading global provider of technology-based solutions and agricultural products for growers and downstream customers, such as grain processors and consumers, in the agricultural markets. Monsanto Company has a market cap of $45.29 billion; its shares were traded at around $83.1 with a P/E ratio of 18.9 and P/S ratio of 3.9. The dividend yield of Monsanto Company stocks is 1.3%. Monsanto Company had an annual average earning growth of 30.7% over the past 5 years.

No. 3: Wyeth (WYE), Weightings: 4.78% - 4,640,000 Shares

Wyeth became part of Pfizer Inc. (PFE) in the middle of October.

No. 4: Teck Cominco Ltd. (TCK), Weightings: 3.61% - 6,169,500 Shares

Teck Resources Limited, formerly Teck Cominco Limited, is a diversified resource company committed to responsible mining and mineral development with major business units focused on copper, metallurgical coal, zinc, gold and energy. Teck Cominco Ltd. has a market cap of $21.44 billion; its shares were traded at around $37.01 with a P/E ratio of 24.8 and P/S ratio of 3.3.

No. 5: Hess Corp. (HES), Weightings: 3.46% - 3,058,422 Shares

Hess Corporation, is a global integrated energy company engaged in the exploration for and the production, purchase, transportation and sale of crude oil and natural gas, as well as the production and sale of refined petroleum products, electricity. Hess Corp. has a market cap of $18.41 billion; its shares were traded at around $56.28 with a P/E ratio of 78.2 and P/S ratio of 0.4. The dividend yield of Hess Corp. stocks is 0.7%. Hess Corp. had an annual average earning growth of 19.2% over the past 10 years. GuruFocus rated Hess Corp. the business predictability rank of 4.5-star.

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About the author:

guruek
Mark's equity focus is identifying secular growth trends, and the companies most likely to benefit from these macro trends. Stocks are identified through fundamental analysis, although basic technical analysis is used in determining entry and exit points. With a degree in Economics from the University of Michigan, a broader understanding of the economy as a whole, along with interpreting investor psychology is also a major interest for Mark. His career background has focused on financial analysis in corporate America. Visit Mark's website at http://www.fundmymutualfund.com/

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