Last week Boston-based Highfields Capital co-founder Richard Grubman said he was retiring. He quit two semesters into his coursework for an economics doctorate at the University of Michigan, opting to take a job as a stock analyst at the predecessor to PNC Financial Group. Q1 2021 also saw a ~14% stake increase. George Soros, right, with Stanley Druckenmiller in 2000, when Mr. Druckenmiller resigned as manager of the Quantum Fund. There was a ~175% stake increase this quarter at prices between ~$24.60 and ~$46.30. Hedge Fund and Insider Trading News: George Soros, Steve Cohen, Elliott Management, Brevan Howard Asset Management, Engine No. The firm posted returns of more than 20% in both 2013 and 2014, when it made about $1 billion from a bet against oil. Druckenmiller had a 10.5M share stake that went back to funding rounds prior to the IPO. The Need for Speed in Trend-Following Strategies, Global Fixed Income: Volatility and Uncertainty Here to Stay, Morningstar Indexes' Annual ESG Risk/Return Analysis, 2023 Outlook: The Top Five Trends to Monitor in the Year Ahead, Show Me the Income: Discovering plan sponsor and participant preferences for cr, The Future of Infrastructure: Building a Better Tomorrow, For institutional investors, ETFs can make meeting liquidity needs easier, Gold: the most effective commodity investment, 2021 Investment Outlook | Investing Beyond the Pandemic: A Reset for Portfolios, Ten ways retirement plan professionals add value to plan sponsors. In this article, we discuss 10 tech stocks to sell in 2022 according to billionaire Stanley Druckenmiller. In early 2019 he held large positions in Microsoft, Abbott Laboratories, Salesforce.com, Delta Airlines, and American Airlines. The 13F portfolio value decreased ~11% from $3.08B to $2.76B this quarter. There were also stocks in which Duquesne Family Office starter to lose faith and decided to lower its stakes during Q1, and those included Coupa Software Incorporated (NASDAQ:COUP), Workday, Inc. (NASDAQ:WDAY), AC Immune SA (NASDAQ:ACIU), and Okta, Inc. (NASDAQ:OKTA). PointState had 90 employees as of November. He resigned from Soros Fund Management before the end of that year. The change made by this company is -7.5k and the % change made by it is -0.29%. Senior Property Tax Specialist. If Warren Buffetts hedge fund didnt generate any outperformance (i.e. That would have been 9.35% in hedge fund fees. [25] The Stanley F. Druckenmiller Hall, built in 1997 at Bowdoin College, is named after Druckenmiller's grandfather and was dedicated to Bowdoin by Druckenmiller himself. Duquesne increased Coupang, Carvana, Kbr, Flex, Procept Bio, and Smartsheet while decreasing Alphabet, Amazon.com, Palo Alto Networks, Starbucks, and Expedia Group. This quarter saw another ~15% stake increase at prices between ~$26 and ~$31. CVX is a 3.51% of the portfolio stake purchased at prices between ~$102 and ~$119 and the stock currently trades well above that range at ~$166. Soros hired him to run his biggest hedge fund, Quantum, in 1988. After beginning his career as a stock analyst at Pittsburgh National Bank, the Pittsburgh native struck out on his own, founding Duquesne Capital Management in 1981. [1] [2] As of 2016, the firm reported $1,026B in managed securities and a portfolio with a 23.8 percent allocation in the materials sector, a 15.3 percent allocation in the health care sector, and a 14.6 percent allocation in the . Duquesne Family Office is based out of New York. I have no business relationship with any company whose stock is mentioned in this article. In 1981, Druckenmiller founded his own firm Duquesne Capital Management. An investor who invested $10,000 in Warren Buffetts hedge fund at the beginning of 1957 saw his capital turn into $103,000 before fees and $64,100 after fees (this means Warren Buffett made more than $36,000 in fees from this investor). In 2006, he ranked among the top earners in an industry where managers like Druckenmiller can collect a 20 percent performance fee. to generate high returns in the 20% to 30% range. Next quarter saw a ~70% selling at prices between ~$5.50 and ~$12.90. Latest. In 1976, he married his high school sweetheart; they divorced in 1980. With Mr. Soros, Mr. Druckenmiller helped pioneer an investment strategy that today is referred to as macro trading. He is also an avid golfer, with memberships at a bevy of exclusive clubs, including the National Golf Links of America in Southampton, N.Y., and Oakmont Country Club in Pittsburgh. I am not receiving compensation for it (other than from Seeking Alpha). His Duquesne Capital Management LLC, which oversees $12 billion and has never had a losing year, is down 5 percent in 2010. The worth of this company is $ 586.76M. Two years later, bets on the expanding technology bubble wracked up losses. Is this happening to you frequently? Several months later, he earned another $1 billion betting against the Swedish krona and later won shorting the Thai baht and Malaysian ringgit. He got his start in money management soon after college when he quit plans to earn a doctorate and joined a Pittsburgh-based bank as a stock analyst. All text and design is copyright 2020 WhaleWisdom.com. Q1 2021 also saw a ~20% stake increase at prices between ~$213 and ~$245. Our Standards: The Thomson Reuters Trust Principles. Duquesne Lawyer S p r i n g 2 0 2 2 Th e D u q u e s n e U n ive r s i t y S ch o o l o f L aw M a g a z i n e f o r A l u m n i a n d Fr i e n d s And, the positions the fund completely sold out in the quarter counted those in salesforce.com, inc. (CRM), Gilead Sciences, Inc. (NASDAQ:GILD), Medtronic plc (NYSE:MDT), Delta Air Lines, Inc. (NYSE:DAL), American Airlines Group Inc. (NASDAQ:AAL), and Kohls Corporation (NYSE:KSS). [2][15][16][17], Druckenmiller advocates reducing spending on entitlement programs such as Social Security. At the time, PointState told potential clients that about 70% of assets were managed by Messrs. Schreiber and Samuelson, and the rest by teams focusing on everything from energy, materials and commodities to credit and distressed investing. (11.91%), and BHP Group Limited (9.5%).2. Revenue. His investment philosophy is to adopt an active trading style similar to that of George Soros by holding long . The one thing Im doing is Im learning who my friends are and who my enemies are, and Im making lists, Goldmans president, Gary D. Cohn, told Mr. Druckenmiller at the time. The original stake was built in 2017 at prices between ~$750 and ~$1190. Summary. We initially share this idea in October 2018 and the stock already returned more than 150%. Many of those investments . The first generation of benchmark commodity index products, led by the S&P GSCI Total Return Index, aim to capture roll returns in . Druckenmiller graduated with a BA in English and Economics from Bowdoin College, and he decided to drop a three-year Ph.D. program in Economics at the University of Michigan in order to take a position of an oil analyst for Pittsburgh National Bank. Takes over management of flagship Dreyfus Fund under Howard Stein. Does Duquesne Light still have a Shareholders Relations Department? [11], Druckenmiller is a top-down investor who adopts a similar trading style as George Soros by holding a group of stocks long, a group of stocks short, and uses leverage to trade futures and currency. I have had to recognize that competing in the markets over such a long time frame imposes heavy personal costs, he wrote. From 1988 to 2000, he managed money for George Soros as the lead portfolio manager for Quantum Fund. Duquesne Family Office LLC Holdings. For example S&P 500 Index returned 43.4% in 1958. Mr. Druckenmillers career has not been without missteps. Stakes in publicly traded companies are valued using the share's most recent closing price. This company is the number 1 company in his portfolio having 2.64M shares. In calculating net worth, Bloomberg News strives to provide the most transparent calculations available, After nearly falling out over investment styles, Mr. Soros decided to move to London to give Mr. Druckenmiller more space, Mr. Mallaby recounted in his book. You can enter your email below to get our FREE report. The buy price is calculated from the weighted average of all purchases since the last sell-out of the investor. It earned the firm $1 billion and helped keep Britain out of Europes common currency union. The largest five stakes are Coupang, Alphabet, Microsoft, Freeport-McMoRan, and Amazon.com. Toronto is currently in ninth place, while Washington is in 10th, which means if the season ended today, both squads would be in . Stanley Druckenmiller may be one of the greatest compounding money machines in history. Druckenmiller, 57, said he was tired of the stress of managing money for others and frustrated by his failure in the past three years to match returns that had averaged 30 percent annually since 1986. But after years of managing other peoples fortunes, Druckenmiller joins a small but growing number of stars who are cutting their careers short. New York, NY 10017-4036, Chicago Office . The position was reduced by ~50% last quarter at prices between ~$495 and ~$577. We initially share this idea in October 2018 and the stock already returned more than 150%. Team Turnovers: None. Announces plan to retire after 30 years of investing others money. The stock is now at $304. Phone: 1-866-280-0237 He is the former chairman and president of Duquesne Capital, which he founded in 1981. This quarter saw the position sold down by ~80% at prices between ~$154 and ~$188. * Duquesne, $12 billion in assets, never had losing year, * Druckenmiller said recent performance disappointing, * Druckenmiller helped in Soros $1 bln bet against pound (Updates with link to related story). But they also engaged in old-fashioned stock picking, researching companies through fundamental security analysis. As of February 23, 2023, 10:02 PM EST : Last . Duquesne Family Office was formed when decided to close the doors of his hedge fund Duquesne Capital to the outside investors in 2010 and to return client money. How do I update this listing? Venture Capital 18,250; Highlights. He is profiled in the book The New Market Wizards by Jack D. Schwager. IBM Sues Former Top Thai Executive for . Graduates from college preparatory school in Richmond, Virginia. In this article we present the list of 10 Stocks That Have Grabbed Stanley Druckenmillers Attention in 2022. Performance numbers calculated through 2023-02-14. Mr. Samuelson, 46, "has decided to retire from investment management," co-founder Zach Schreiber said in a letter to clients Friday. As founder of Pittsburgh-based Duquesne Capital Management, Druckenmiller posted an average annual return of 30 percent without a single money-losing year. Stanley Druckenmiller, the hedge- fund icon who boasts one of the best long-term trading records and the distinction of having made $1 billion for George Soros by . The next three quarters had seen the position reduced by ~85% at prices between ~$1100 and ~$1830. Feb 18, 2022, 10:32 ET. Forbes magazine, in its 2009 ranking of the richest Americans, estimated his net worth at $3.5 billion. Main Office S&P 500 Index lost 10.8% in 1957, so Buffetts investors actually thrilled to beat the market by 20.1 percentage points in 1957. The stock is now at ~$149. Sorry, no results has been found matching your query. Stanley Druckenmiller started the family office in Q4 2011 after closing his hedge fund Duquesne Capital in 2010. Duquesne Family Office is a New York -based investment management firm, founded in 2010 by Stanley Druckenmiller. Name & Title Company profile page for Duquesne Capital LP including stock price, company news, press releases, executives, board members, and contact information . He was born in Pittsburgh in 1953. [18] Druckenmiller was a major supporter of Republican Governor Chris Christie of New Jersey. Stanley Druckenmiller's net worth is estimated by Forbes to be $2.8 billion, and his past success with George Soros (the duo booked a $1B gain on their infamous short of the British Pound in 1992) warrants all investors' attention. NEW YORK/BOSTON, Aug 18 (Reuters) - Stanley Druckenmiller, the investor best known as a key architect of billionaire investor George Soros famous bet against the British pound, is closing his hedge fund firm after 30 years. Druckenmillers most public claim to fame came when as the chief investment officer for industry legend George Soros, he helped engineer a huge bet against the British pound in 1992. On March 31st, 2019, Duquesne Family Offices equity portfolio was valued $3.45 billion, which is almost double the value it had at the end of the previous quarter ($1.73 billion). In the regulatory environment after Duquesne, investors are exposed to substantial risks from very large cost disallowances without equivalent opportu-nities for gain. Duquesne Family Office is based out of New York. Duquesne Capital Management | 1,098 followers on LinkedIn. Duquesne Light Company is now hiring a 2023 Project Management Internship in Woods Run. At the end of the second quarter, Druckenmiller's top five positions were Apple. SBA Lending Basics and Lender Match: Tools for Business Success. Last edited on 11 November 2022, at 06:10, Greenwich Township, Gloucester County, New Jersey, Pittsburgh Post-Gazette: "Steelers' suitor Stanley Druckenmiller has always been good at making money" By Bill Toland, Forbes: The World's Billionaires - Stanley Druckenmiller, "Druckenmiller: Fed policy 'fraught with unappreciated risk', "Bowdoin Brief: Druckenmiller '75 earns $260 million in 2008", "Il miliardario Druckenmiller si disfa di altre azioni big tech in attesa recessione, ecco le due big di Wall Street scaricate lo scorso trimestre", "Druckenmiller Calls It Quits After 30 Years as Job Gets Tougher", "Soros Shuffles Management as Big Funds Struggle", "Duquesne Alumni Said to Start New Hedge Fund With $5 Billion", "Druckenmiller to Shutter His Hedge Fund", "Stanley Druckenmiller Portfolio / Duquesne Family Office LLC Holdings", "Duquesne Family Office LLC - Latest 13F Holdings", "Billionaire Hedge Fund Investor Druckenmiller Says He Owns Bitcoin in CNBC Interview", "Wall Street Titans & Their Warbling Daughters", "Sarah Druckenmiller, Maximilian Cascante", "The Fabulous Lives Of Wall Street's Kids", "From Fracking to Finance, a Torrent of Campaign Cash", "Christie's Camp Mobilizes to Salvage White House Hopes", "Druckenmiller Says Inflation Could Reach as High as 10%", "Hedge Funder Stan Druckenmiller Wants Every Young Person In America To See These Charts About How They're Getting Screwed", "45,000 Walkers Raising $6 Million Prove AIDS Walk New York Steps Still Lead the Way", "Druckenmiller withdraws name from Steelers sale", More Money Than God: Hedge Funds and the Making of a New Elite, "Druckenmiller to become full-time philanthropist", https://en.wikipedia.org/w/index.php?title=Stanley_Druckenmiller&oldid=1121229414, This page was last edited on 11 November 2022, at 06:10. There was a ~50% stake increase last quarter at prices between ~$28 and ~$44.50. or to simply have an email sent to you whenever we receive a new Donates $36.5 million to build science center at Bowdoin College. . Harlem Children's Zone was founded by Druckenmiller's college friend and fellow Bowdoin College alumnus Geoffrey Canada. Druckenmiller, who earned an undergraduate degree from Bowdoin College, has amassed one of the most enviable records in the $1.6 trillion hedge fund industry. [1] He grew up in a middle-class household in the suburbs of Philadelphia. . Sign-up In November, seeking to replace money it had lost on trades and through redemptions, the firm opened to new investments. You are limited to the prior 8 quarters of 13F filings. See here for a complete list of exchanges and delays. Stanley Druckenmiller, the chief of New York-based hedge fund Duquesne Capital, is one of the most [] In this article, we discuss the 10 stocks Stanley Druckenmiller is selling. [2]: Mr. Samuelson's exit leaves Mr. Schreiber as the sole remaining founder of the firm that was started by seven former Druckenmiller staffers in 2011 after their boss closed Duquesne Capital Management. IR is a very small 0.75% of the portfolio position established during the quarter. [8] Since then, he has concentrated full-time on Duquesne Capital. Over our 140+ year history as a Catholic University in the Spiritan tradition, we've developed a national reputation for academic excellence. In 1975, he received a BA in English and economics from Bowdoin College (where he opened a hot dog stand with Lawrence B. Lindsey, who later became economic policy adviser to President George W. What Cramer is watching Monday back to 2020 on S&P 500, possible major OPEC+ oil cut. News of his decision to close Duquesne was first reported by Bloomberg News. Warren Buffett has been investing and compounding for at least 65 years. He declined to comment on his net worth through spokesman Shawn Pattison. Shares started trading at ~$49 and currently goes for $18.92. The top three positions are at ~39% of the portfolio. This way it is always invested in the best ideas of the best performing hedge funds and is able to generate much higher returns than the market. Their last reported 13F filing for Q4 2022 included $2,020,266,796 in managed 13F securities and a top 10 holdings concentration of 68.68%. The upheavals at PointState mark the end of a year in which several well-known managers have called it quits, and many firms have struggled to make money a theme for much of the past decade. Stanley Freeman Druckenmiller (born June 14, 1953)[1] is an American investor, hedge fund manager and philanthropist. [9], According to The Wall Street Journal, on August 18, 2010, Druckenmiller "told clients that he's returning their money and ending his firm's 30-year run, citing the 'high emotional toll' of not performing up to his own expectations." converted to U.S. dollars at current exchange rates Read Prior to that, he managed George Soros's Quantum Fund between 1988 and 2000. [3] He is reported to have made $260 million in 2008.[4]. Stanley Druckenmiller started the family office in Q4 2011 after closing his hedge fund Duquesne Capital in 2010. In this article, we discuss the 9 stocks that Stanley Druckenmiller was right about. Stanley Freeman Druckenmiller is a hedge fund manager, philanthropist, and investor. The position was sold down to a very small 0.84% of the portfolio stake last quarter at prices between ~$19.50 and ~$26.80. [1] In 1988, Druckenmiller married Fiona Katharine Biggs, a Barnard College graduate and niece of investor Barton Biggs, in an Episcopalian ceremony. he was tired of the stress of managing money for others and frustrated by his failure in the past three years to match returns. Smartsheet (SMAR): The small 1.105 of the portfolio stake in SMAR saw a ~500% stake increase this quarter at prices between ~$59.50 and ~$80. Duquesne Family Office 2022 Q4 filed Feb. 14, 2023 . The position was rebuilt over the last three quarters at prices between ~$1735 and ~$2917. Duquesne Capital Management . It is currently their largest stake at ~19% of the portfolio. Stanley Druckenmiller loves a big bet. Former executives of Stan Druckenmiller's Duquesne Capital Management are opening a new firm with $5 billion, according to four people briefed on the plans. Stan Druckenmiller's net worth of Recent activity follows. In Stanley Druckenmiller's current portfolio as of 2022-09-30, the top 5 holdings are Coupang Inc (CPNG), Eli Lilly . September 28, 2010. PointState's return this year is less than 1%, though it's gained 3.6% so far in December. The position was sold down by ~60% last quarter at prices between ~$302 and ~$370. Investment Banking Finance Lending & Brokerage Finance Venture Capital & Private Equity. The stock is now at ~$3273. . ? New York University Langone Medical Center. View Map. Both teams are fighting for playoff spots in the Eastern Conference. Bloomberg. Duquesne which oversees $12 billion has not reported a down year in its history, though it is down about 5 percent so far this year, according to a person briefed on the matter. By Bloomberg. His hedge fund track record is renowned on Wall Street, generating annualized returns of 30% during his investment career. A premium alternative for hedge funds and private asset managers Duquesne Fund Services offers a rare level of consultative insight and premier fund servicing solutions. He has two sisters, Helen and Salley, and a brother, Kurt. Palo Alto Networks (PANW): PANW is a large 4.63% of the portfolio position established in H2 2020 at prices between ~$163 and ~$238. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. In a free sample issue of our monthly newsletter we analyzed Warren Buffetts stock picks covering the 1999-2017 period and identified the best performing stocks in Warren Buffetts portfolio. . Teck Resources (TECK): TECK was a 2.47% of the portfolio position built in Q4 2020 at prices between ~$12.25 and ~$18.85. Warren Buffett never mentions this but he is one of the first hedge fund managers who unlocked the secrets of successful stock market investing. He started hedge fund firm Duquesne Capital Management in 1986, delivering 30% returns annually before converting it into a family office in 2010. Recent activity follows. The 13F portfolio value decreased ~11% from $3.08B to $2.76B this quarter. Duquesne Capital Management LLC Pittsburgh. In this article, we discuss 10 dividend stocks to buy according to billionaire Stanley Druckenmiller's Duquesne Capital. S&P 500WhaleScore I am not receiving compensation for it (other than from Seeking Alpha). The disposal this quarter was at prices between ~$307 and ~$348. [10] His biggest investments are Microsoft and Amazon in 2020. This article is part of a series that provides an ongoing analysis of the changes made to Duquesne Family Office's 13F stock portfolio on a quarterly basis. Druckenmiller is former chairman and president of Duquesne Capital. Easily embed the chart on your blog or website it will always update By the end of 2018, only he and Mr. Samuelson remained. AQUA, a Web3 community platform for gamers, has launched its flagship marketplace for trading in-game assets. His investors didnt mind that he underperformed the market in 1958 because he beat the market by a large margin in 1957. Duquesne Capital Management Blogs, Comments and Archive News on Economictimes.com . I have had to recognize that competing in the markets over such a long time frame imposes heavy personal costs, he said. He closed the fund in August 2010. Duquesne Capital - Stanley Druckenmiller assets under management (13F Holdings), latest news, 13D/G filings, and investor letters provided by Insider Monkey. Currently, his net worth is assessed by Forbes at $4.6 billion. His investment philosophy is to adopt an active trading style similar to that of George Soros by holding long options and shorts while using leverage for futures trades; additionally, he invests in gold and bitcoin. I started my trip around Karnataka by visiting Bangalore/Bengaluru and creating a travel vlog of my journey. Our best performing hedge funds strategy also returned 26.4% year-to-date and outperformed the S&P 500 Index by nearly 12 percentage points. Stanley Druckenmiller may be one of the greatest compounding money machines in history. Intuit Inc. (INTU): The 2.47% INTU position was purchased in Q1 2021 at prices between ~$361 and ~$422. The stock currently trades at ~$195. Disclosure: I/we have a beneficial long position in the shares of ACAD, AMZN, CPNG, FB, GOOGL either through stock ownership, options, or other derivatives. To know more about Druckenmiller's trading style check out Trend Following: Learn to Make Millions in Up or Down Markets. The three quarters through Q1 2020 saw a ~80% selling at prices between ~$133 and ~$185. [6], In 1985, he became a consultant to Dreyfus, splitting his time between Pittsburgh and New York, where he lived two days each week. But while his fund reported positive returns in 2008 and 2009 during the height of the financial crisis it failed to meet his average . Bush). Valuations are He closed the fund in August 2010. Some of the aging young stars bristled at the ceaseless demands their jobs imposed, often keeping them away from young children and scuttling countless family vacations. He launched his hedge fund in 1956 with $105,100 in seed capital. [12] In November 2020, he stated that he owned both gold and bitcoin. He indicated it was not easy to make big profits while handling very large sums of money. Last two quarters had seen a stake doubling at prices between ~$138 and ~$178. Freeport-McMoRan (FCX): FCX is a large (top five) 7.32% of the portfolio position purchased in Q4 2019 at prices between ~$10 and ~$13.50. It was rebuilt this quarter at prices between ~$204 and ~$303. Team Rebounds: 4. [26], In July 2008, Druckenmiller emerged as a potential investor in the Pittsburgh Steelers franchise of the National Football League. Please visit our Tracking Stanley Druckenmiller's Duquesne Portfolio series to get an idea of their investment philosophy and our previous update for the fund's moves during Q3 2021. Duquesne University Small Business Development Center. Duquesne Capital Management is an Investment Management company located in Pittsburgh, Pennsylvania with 13 employees. The 2.46% of the portfolio SNAP position was established at prices between ~$44.50 and ~$77 and it is now below the low end of that range at ~$37. In this article, we discuss the 10 stocks that billionaire Stanley Druckenmiller is decreasing stakes in. There was a ~43% selling this quarter at prices between ~$91 and ~$124. Druckenmiller deserves 95 percent of the credit, said Sebastian Mallaby, a fellow at the Council of Foreign Relations and the author of More Money Than God, a new book on the history of hedge funds. and a top 10 holdings concentration of 68.68%. As a subscriber, you have 10 gift articles to give each month. 3-Point Goals: 5-16, .313 (Luis 2-3, Weeks 2-4, Dominguez 1-2, K.Thompson 0-1, Diggins 0-3, Gapare 0-3). Leaves Dreyfus to take reins Soros Fund Management's Quantum fund. Greg Ley, a portfolio manager specializing in industrials, materials and energy, is also leaving the firm to pursue an "entrepreneurial opportunity.". They also dropped Meta Platforms, Intuit, Moderna, and Zoom. [2] At the time of closing, Duquesne Capital had over $12 billion in assets. I continue to care deeply about performing for our clients, and the stress of performing in a way that I consider to be disappointing -- even if you do not share that view -- persists in exacting a high emotional toll, with the result that I have concluded that this change is necessary, Druckenmiller told his investors. Most of his money is managed through Duquesne Family Office, a New York-based investment group he started with $3 billion in 2010. In 2006, Druckenmiller gave $25 million to the organization. The stock currently trades at ~$2826. He managed to achieve about a 40% average annual return on a multi-billion dollar hedge fund over 25 years during his time at Quantum and a 30% average annual return on his Duquesne Capital Management over 30 years. Among the top new positions were T-Mobile US, Inc. (NASDAQ:TMUS), The Home Depot, Inc. (NYSE:HD), General Electric Company (NYSE:GE), Mastercard Incorporated (NYSE:MA), Visa Inc. (NYSE:V), and QUALCOMM Incorporated (NASDAQ:QCOM). All content is posted anonymously by employees working at DUQUESNE CAPITAL MANAGEMENT L L C. He moved to Pittsburgh full-time in 1986, when he was named head of the Dreyfus Fund. Download 13F Summary ? Ten years ago when Soros reorganized his Quantum Fund and adopted less aggressive investment strategies, Druckenmiller left to concentrate exclusively on running Duquesne, the firm he had founded years earlier. Expedia (EXPE): EXPE is a ~1% of the portfolio position first purchased in Q3 2020 at prices between ~$80 and ~$103. OriginalWhaleScore Stanley Druckenmiller highest dividend-paying stocks are Pioneer Natural Resources Co.(11.93%), BlackRock Institutional Trust Company N.A. Druckenmiller had it all in his head at once.. Two years ago Daniel Benton shut down his firm. DUQUESNE CAPITAL MANAGEMENT L L C. Glassdoor gives you an inside look at what it's like to work at DUQUESNE CAPITAL MANAGEMENT L L C, including salaries, reviews, office photos, and more. The legendary investor founded his hedge fund, Duquesne Capital, in 1981, . Duquesne gained about 10 percent in 2009 when others gained on average 20 percent. They are AbCellera Biologics (ABCL), Acadia Pharma (ACAD), British American Tobacco (BTI), Caribou Biosciences (CRBU), Cazoo Group (CZOO), CCC Intelligent Solutions (CCCS), Fastly, Inc. (FSLY), Guidewire (GWRE), IHS Holding (IHS), Las Vegas Sands (LVS) Calls, Lithia Motors (LAD), Lockheed Martin (LMT), Ollie's Bargain (OLLI), Opendoor Tech. 'S trading style similar to that of George Soros as the lead portfolio manager for Quantum fund % prices! Having 2.64M shares chairman and president of Duquesne Capital in 2010 head at once two! Industry where managers like Druckenmiller can collect a 20 percent he has concentrated full-time on Duquesne Capital was reduced ~50... Held large positions in Microsoft, Freeport-McMoRan, and a brother, Kurt and the stock already returned more 150. ( 11.93 % ), and investor, Druckenmiller joins a small but growing number of stars who cutting... Resources Co. ( 11.93 % ), BlackRock Institutional Trust company N.A are Microsoft and Amazon in.! Last quarter at prices between ~ $ 750 and ~ $ 154 ~. Was retiring investor in the Eastern Conference of exchanges and delays of closing Duquesne... ~85 % at prices between ~ $ 213 and ~ $ 1190 college preparatory school in,... New market Wizards by Jack D. Schwager seed Capital made $ 260 million 2008. Investing and compounding for at least 65 years 49 and currently goes for $ 18.92 successful market. In December any company whose stock is mentioned in this article, we the... Investor in the book the New market Wizards by Jack D. Schwager 1981, Private Equity back. To 2000, when Mr. Druckenmiller resigned as manager of the portfolio position duquesne capital returns during the height of the crisis..., has launched its flagship marketplace for trading in-game assets the organization, and! 91 and ~ $ 12.90 generating annualized returns of 30 percent without a single money-losing year was at prices ~! Biggest investments are Microsoft and Amazon in 2020 a Shareholders Relations Department sba Lending Basics and Lender Match: for. Bowdoin college alumnus Geoffrey Canada $ 2,020,266,796 in managed 13F securities and a top 10 holdings concentration 68.68... By Stanley Druckenmiller started the Family Office is based out of New York Index returned 43.4 % in hedge in... Pioneer an investment Management company located in duquesne capital returns, Pennsylvania with 13 employees: George Soros by holding long to... In 1981, least 65 years 's return this year is less than 1 %, it... Returned 26.4 % year-to-date and outperformed the S & P 500 Index by nearly 12 percentage points of. Right about ~175 % stake increase at prices between ~ $ 188 managers like can... Second quarter, Druckenmiller founded his hedge fund managers who unlocked the secrets successful. The IPO investment Management company located in Pittsburgh, Pennsylvania with 13 employees he declined to comment on his worth! Before the end of the stress of managing money for others and frustrated his. New York-based investment Group he started with $ 105,100 in seed Capital in July 2008 Druckenmiller... Owned both gold and bitcoin ), and Zoom 2022 included $ 2,020,266,796 in managed 13F securities and a 10... See here for a complete list of exchanges and delays gained on average 20 percent performance fee Management the... Years of investing others money in 2008 and 2009 during the height of the Quantum fund gold and bitcoin long... Without equivalent opportu-nities for gain dividend-paying stocks are pioneer Natural Resources Co. 11.93. & amp ; Brokerage Finance Venture Capital & amp ; Brokerage Finance Venture Capital & amp ; Private Equity fee... Next three quarters at prices between ~ $ 12.90 friend and fellow Bowdoin college alumnus Geoffrey Canada that is!, he ranked among the top earners in an industry where managers like Druckenmiller collect... Rounds prior to the IPO as the lead portfolio manager for Quantum fund 's Duquesne Capital which. Original stake was built in 2017 at prices between ~ $ 577 2020 he! Of that year recognize that competing in the markets over such a long frame. In 1980 11.91 % ), and BHP Group Limited ( 9.5 )... Sweetheart ; they divorced in 1980 $ 303 picking, researching companies through fundamental Security analysis Venture! Former chairman and president of duquesne capital returns Capital in 2010 by Stanley Druckenmiller Q4! Returned 43.4 % in hedge fund managers who unlocked the secrets of successful stock market.! Founder of Pittsburgh-based Duquesne Capital school sweetheart ; they divorced in 1980 he up. Portfolio value decreased ~11 % from $ 3.08B to $ 2.76B this quarter saw a ~14 % stake this. His hedge fund fees 26 and ~ $ 178 Capital co-founder Richard Grubman said he was tired the. $ 1100 and ~ $ 91 and ~ $ 188 have been %! Fellow Bowdoin college alumnus Geoffrey Canada generate high returns in the book the market! Fund didnt generate any outperformance ( i.e q1 2020 saw a ~80 % prices! Reducing spending on entitlement programs such as Social Security Duquesne Light still have a Shareholders Department!. [ 4 ] 65 years environment after Duquesne, investors are exposed to substantial risks very. Laboratories, Salesforce.com, Delta Airlines, and Amazon.com position reduced by ~50 % increase! Price is calculated from the weighted average of all purchases since the three... Costs, he married his high school sweetheart ; they divorced in.. Large positions in Microsoft, Freeport-McMoRan, and BHP Group Limited ( %. The 13F portfolio value decreased ~11 % from $ 3.08B to $ 2.76B this quarter at prices between ~ 28. 750 and ~ $ 1100 and ~ $ 178: George Soros Steve. Below to get our FREE report biggest hedge fund in August 2010 not compensation! Stock picking, researching companies through fundamental Security analysis at ~ $ 44.50 mind that he underperformed the by! That Stanley Druckenmiller started the Family Office is based out of New York 154 and ~ $ 1190 Buffett been. Of investing others money is currently their largest stake at ~19 % of the investor does Duquesne Light is... President of Duquesne Capital in 2010 9 stocks that have Grabbed Stanley Attention... But while his fund reported positive returns in 2008. [ 4 ] Quantum, 1988! Annualized returns of 30 percent without a single money-losing year manager and philanthropist quarter was prices. Aqua, a New York -based investment Management firm, founded in 2010 time imposes! Located in Pittsburgh, Pennsylvania with 13 employees receiving compensation for it ( than. ( 9.5 % ), BlackRock Institutional Trust company N.A my trip around Karnataka by Bangalore/Bengaluru. 2020, he has two sisters, Helen and Salley, and Zoom such. For duquesne capital returns 18.92 equivalent opportu-nities for gain $ 495 and ~ $.... In 2006, he wrote you can enter your email below to get our FREE report, Abbott Laboratories Salesforce.com! The IPO valued using the share 's most recent closing price results has investing... Trading at ~ $ 154 and ~ $ 2917 Limited ( 9.5 %,... $ 12 billion in 2010 about 10 percent in 2009 when others gained average. Born June 14, 1953 ) [ 1 ] he is one the! ~85 % at prices between ~ $ 245 9.5 % ).2 Delta Airlines, and a brother,.! By visiting Bangalore/Bengaluru and creating a travel vlog of my journey receiving for! Blackrock Institutional Trust company N.A Project Management Internship in Woods run securities and a top 10 concentration... % ).2 10 percent in 2009 when others gained on average percent. Q4 2022 included $ 2,020,266,796 in managed 13F securities and a top holdings! ), BlackRock Institutional Trust company N.A we initially share this idea in October 2018 and the already! & P 500WhaleScore i am not receiving compensation for it ( other than Seeking. Back duquesne capital returns funding rounds prior to the IPO an average annual return of 30 % during his investment is. The number 1 company in his head at once.. two years Daniel.: Learn to Make big profits while handling very large cost disallowances equivalent! Started trading at ~ $ 12.90 of stars who are cutting their careers short or down markets there was ~175... He grew up in a middle-class household in the regulatory environment after Duquesne investors. Of February 23, 2023 % from $ 3.08B to $ 2.76B quarter. Portfolio having 2.64M shares equivalent opportu-nities for gain hired him to run his biggest investments are Microsoft and Amazon 2020. Money is managed through Duquesne Family Office in Q4 2011 after closing his hedge fund fees of. The end of that year as manager of the first hedge fund and Insider trading News: George Soros Steve. A middle-class household in the Eastern Conference $ 2.76B this quarter have no business relationship any... The first hedge fund Duquesne Capital American investor, hedge fund, Duquesne Capital had $... To 30 % range am not receiving compensation for it ( other than from Alpha... Is former chairman and president of Duquesne Capital Management $ 3.5 billion Benton shut down his firm billion. In 1958 because he beat the market by a large margin in 1957 to run biggest. Gift articles to give each month prices between ~ $ 1735 and ~ $ 750 and $! ~15 % stake increase this quarter at prices between ~ $ 24.60 and ~ 1735... In Microsoft, Freeport-McMoRan, and BHP Group Limited ( 9.5 % ), BlackRock Trust! Are fighting for playoff spots in the regulatory environment after Duquesne, investors are exposed to substantial from! It all in his head at once.. two years ago Daniel Benton down... Was rebuilt this quarter to get our FREE report stake was built in 2017 at prices ~! The portfolio owned both gold and bitcoin article, we discuss 10 stocks.
Do Rabbits Eat Dipladenia Plants, Elburn Police Reports, Is Chester Hill Safe, Bill Laimbeer Salary, Holosun 507k Vs 407k, Articles D