Hedge Fund Duquesne Capital Management reported its second quarter holdings. The firm is run by Stanley Druckenmiller. These are the details of buys and sells.
Stanley Druckenmiller managed money for George Soros from 1988 to 2000 as the lead portfolio manager for Quantum Fund. With an estimated current[update] net worth of around $3.5 billion, he is ranked by Forbes as the 91st-richest person in America.
Stanley Druckenmiller likes to make macro-economic bets. He rightly pointed the housing bubble in 2008, and stayed away from financials. Now he is heavy with technology and financials.
Although Stanley Druckenmiller owns more than 100 stocks, his top 10 positions weigh more than 50% of the portfolio, therefore quite concentrated. Apple and Wells Fargo are his largest positions, each accounts for more than 10% of the portfolio.
As of 6/30/2010, Stanley Druckenmiller Duquesne Capital Management, LLC. Stanley Druckenmiller owns 109 stocks with a total value of $2.3 billion. These are the details of the buys and sells.
This is the sector weightings of his portfolio:
These are the top 5 holdings of Stanley Druckenmiller
Stanley Druckenmiller managed money for George Soros from 1988 to 2000 as the lead portfolio manager for Quantum Fund. With an estimated current[update] net worth of around $3.5 billion, he is ranked by Forbes as the 91st-richest person in America.
Stanley Druckenmiller likes to make macro-economic bets. He rightly pointed the housing bubble in 2008, and stayed away from financials. Now he is heavy with technology and financials.
Although Stanley Druckenmiller owns more than 100 stocks, his top 10 positions weigh more than 50% of the portfolio, therefore quite concentrated. Apple and Wells Fargo are his largest positions, each accounts for more than 10% of the portfolio.
As of 6/30/2010, Stanley Druckenmiller Duquesne Capital Management, LLC. Stanley Druckenmiller owns 109 stocks with a total value of $2.3 billion. These are the details of the buys and sells.
- New Purchases: ABX, ACI, AKAM, AKRX, ANR, APA, CAM, CAVM, CBD, CBST, CLDT, CLWR, CNP, DNDN, EDU, FTI, GDX, KG, KIM, KRG, KWK, LRCX, MIR, MOS, MTZ, MYRG, NE, NEM, NWSA, PLX, PPL, PTEN, PWR, PXP, RDEA, RIMM, SD, SKX, SNDK, SRE, SUN, TLAB, TRP, VIA.B, WFC, XEC,
- Added Positions: AAPL, APC, C, NFX, PNW,
- Reduced Positions: ABII, AEP, ALXN, ASR, BAX, BIDU, BRCM, BSBR, CNX, CPN, CSCO, CVA, EMC, EOG, EQT, EXR, FE, IOC, KRC, LO, MDCO, MEE, MJN, PKI, PLL, SIG, SLB, TGT, VIP, WCRX, WLT, XRX,
- Sold Out: ACN, ACOR, AGN, AIV, AMB, AMGN, AMZN, AOL, ATI, AU, AWK, BBT, BBY, BEE, BMR, BVF, BWA, BYD, CBG, CBL, CELG, CEPH, CF, CLR, CMS, COG, CPT, CSA, CT, CTRP, CUZ, DAL, DE, DECK, DG, DIS, DNR, DRE, DWA, DYAX, EMR, EP, ESV, EWH, FBR, GD, GE, GENZ, GGP, GILD, GKK, GLW, HALO, HIW, HOT, HR, HST, HT, IBN, INTC, ITMN, JACK, JNPR, KBH, KSS, LIZ, LMT, LVS, MCK, MDR, MITI, MO, MON, MSFT, MSW, MYL, NBIX, NEE, NKE, NU, NVDA, NVE, NVR, OCN, OEH, OGE, OMX, OPTR, ORCL, PCG, PEG, PEI, PM, POR, PPS, RAS, REG, RF, RGC, RHT, RIG, RTI, SCG, SFD, SIAL, SLG, SO, SPF, STI, STR, SYK, TCK, TIVO, TMO, TS, UHS, UNS, UPS, UUP, V, VMW, VSI, WFR,
This is the sector weightings of his portfolio:
| Technology | 25.3% |
| Financials | 20.4% |
| Oil & Gas | 15.9% |
| Health Care | 10% |
| Utilities | 7.1% |
| Consumer Services | 6.9% |
| Basic Materials | 3.7% |
| Consumer Goods | 2.2% |
| Industrials | 1.4% |
| Telecommunications | 0.3% |
These are the top 5 holdings of Stanley Druckenmiller
- Apple Inc. (AAPL) - 1,504,640 shares, 16.59% of the total portfolio. Shares added by 57.8%
- Wells Fargo & Company (WFC) - 12,300,000 shares, 13.8% of the total portfolio. New position.
- McDonald's Corp. (MCD) - 1,945,500 shares, 5.62% of the total portfolio. Shares reduced by 6.6%
- JPMorgan Chase & Co. (JPM) - 3,000,000 shares, 4.81% of the total portfolio.
- Cisco Systems Inc. (CSCO) - 4,305,000 shares, 4.02% of the total portfolio. Shares reduced by 23.19%
