The stock currently trades at ~$118. There was a ~10% trimming last quarter and a marginal reduction this quarter. Duquesne Capital Management Blogs, Comments and Archive News on Economictimes.com . PointState has fared worse than many of its peers. There was a ~63% reduction over the last two quarters at prices between ~$236 and ~$305. Chicago, IL 60601, Bridgewater exits Ray Dalio era with hedge fund overhaul, bets on AI, job cuts, Bridgewater promotes Karen Karniol-Tambour to co-CIO, Bankruptcy-litigation hedge funds see potential in Genesis, FTX collapse, Sponsored Content: Private Debt: Entering a New Era, The Institutional Investors Guide to ESG Investing, Climate Change: The Inescapable Opportunity, 2022 Defined Contribution East Conference, HFR: Hedge fund liquidations outpaced launches in Q3, Macro hedge fund Stone Milliner shutting down, Duquesne Capital alums opening new hedge fund. In calculating net worth, Bloomberg News strives to provide the most transparent calculations available, Shares started trading at ~$37.50 and currently goes for $35.74. . [26], In July 2008, Druckenmiller emerged as a potential investor in the Pittsburgh Steelers franchise of the National Football League. Easily embed the chart on your blog or website it will always update Investments 6. [2][15][16][17], Druckenmiller advocates reducing spending on entitlement programs such as Social Security. But they also engaged in old-fashioned stock picking, researching companies through fundamental security analysis. As of 09/30/2022, below is a summary of the Duquesne Family Office LLC top holdings . Whitney Tilson credits Pershing Square Capital Management founder Bill Ackman with having introduced four couples who have gotten married -- and he wants to emulate that track record. 13F filing from DUQUESNE FAMILY OFFICE LLC, enter your Their last reported 13F filing for Q4 2022 included $2,020,266,796 in managed 13F securities In November, seeking to replace money it had lost on trades and through redemptions, the firm opened to new investments. to generate high returns in the 20% to 30% range. Last quarter saw a ~60% reduction at prices between ~$222 and ~$485. As per the news at that time, Druckenmiller was exhausted from the pressure of trying to keep up with one of the best track records in the industry while handling huge capital. Duquesne Family Office has met the qualifications for inclusion in . PointState started with about $5 billion $1 billion from Mr. Druckenmiller and $4 billion from clients of Duquesne, where Mr. Schreiber had been a top money-making portfolio manager. Graduates from college preparatory school in Richmond, Virginia. 685 Third Avenue [2]: Neilson Barnard/Getty Images Entertainment. email address below and choose 'Submit'. SBA Lending Basics and Lender Match: Tools for Business Success. Stanley Freeman Druckenmiller was born in Pittsburgh on June 14, 1953, to Stanley and Anne Druckenmiller. PointState Capital said Josh Samuelson will leave the firm he co-founded with the backing of Stan Druckenmiller, following a year in which the hedge fund failed to recover from a double . 1, Mineralys Therapeutics, Inc. (MLYS), Forward Air Corp (FWRD), and More, Hedge Fund and Insider Trading News: David Einhorn, Stan Druckenmiller, Ray Dalio, Paul Tudor Jones, George Soros, Modulo Capital, Altisource Portfolio Solutions S.A. (ASPS), Moderna, Inc. (MRNA), and More, 12 Best Stocks To Buy For Flat Markets According To Druckenmiller, Stan Druckenmiller Portfolio: Top 10 Stock Picks, Hedge Fund and Insider Trading News: Steve Cohen, Stanley Druckenmiller, Ray Dalio, Crispin Odey, Citadel LLC, ExodusPoint Capital Management, Sound Point Capital Management, Braze Inc (BRZE), FedEx Corporation (FDX), and More, Market Could be "Flat" for 10 Years: Druckenmiller's Prediction and His 10 Defensive Stock Picks, Hedge Fund and Insider Trading News: Kyle Bass, Stanley Druckenmiller, Armistice Capital, AQR Capital Management, Millennium Management, Whale Rock Capital Management, Costco Wholesale Corporation (COST), Rocket Companies Inc (RKT), and More, 10 Dividend Stocks to Buy According to Billionaire Stanley Druckenmiller's Duquesne Capital, Billionaire Stanley Druckenmiller is Selling These 10 Stocks, Billionaire Stanley Druckenmiller is Decreasing Stakes in These 10 Stocks, 10 Stocks That Have Grabbed Stanley Druckenmillers Attention in 2022, Hedge Fund and Insider Trading News: Whitney Tilson, David Einhorn, Stanley Druckenmiller, Bill Ackman, Ray Dalio, Lone Pine Capital, Tricida, Inc. (TCDA), Hillenbrand, Inc. (HI), and More, Stanley Druckenmiller Was Right About These 9 Stocks, Billionaire Stanley Druckenmiller's 2022 Portfolio: 10 Value Stock Picks, 10 Tech Stocks to Sell in 2022 According to Billionaire Stanley Druckenmiller, How to Best Use Insider Monkey to Increase Your Returns, 6 Things You Didn't Know About Hedge Funds. 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. Druckenmiller's small 0.74% of the portfolio stake goes back to funding rounds prior to the IPO. [1] He dropped out of a Ph.D. program in economics at the University of Michigan in the middle of the second semester to accept a position as an oil analyst for Pittsburgh National Bank. SEC 13F filings are viewable for Duquesne Family Office going back to 2011. In 2010, he returned all of his investors' money and converted Duquesne into a family office. To know more about Druckenmiller's trading style check out Trend Following: Learn to Make Millions in Up or Down Markets. Several months later, he earned another $1 billion betting against the Swedish krona and later won shorting the Thai baht and Malaysian ringgit. 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. Forbes magazine, in its 2009 ranking of the richest Americans, estimated his net worth at $3.5 billion. This quarter saw marginal trimming. $14.8 M. Employees. Druckenmiller bet against the British pound in 1992 on the belief that the Bank of England had insufficient reserves to prop up its currency. He started hedge fund firm Duquesne Capital Management in 1986, delivering 30% returns annually before converting it into a family office in 2010. We initially share this idea in October 2018 and the stock already returned more than 150%. Warren Buffett took 25% of all returns in excess of 6 percent. I overplayed my hand.. Palo Alto Networks (PANW): PANW is a large 4.63% of the portfolio position established in H2 2020 at prices between ~$163 and ~$238. ? [7] He left Soros in 2000 after taking large losses in technology stocks. 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. His parents separated while he was in elementary school. In 1981, he founded his own firm, Duquesne Capital Management. Since the end of 2015, the fund is down about 18% through the third quarter, even as global stocks have returned 45%. That was followed with a ~43% selling this quarter at prices between ~$470 and ~$568. The stock is now at ~$87. Subscribe to WhaleWisdom to view all filing data 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. There was a ~175% stake increase this quarter at prices between ~$24.60 and ~$46.30. . Next quarter saw a ~15% trimming while in Q1 2021 there was a two-thirds increase at prices between ~$123 and ~$185. They add up to ~53% of the portfolio. 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. Zoom Video (ZM):. Mr. Samuelson will stay at PointState "for several months" during a transition, Mr. Schreiber said, and will remain an investor in the firm. Joins PNC predecessor as stock analyst, later promoted to research chief. secretly invested like a closet index fund), Warren Buffett would have pocketed a quarter of the 37.4% excess return. Our elite roster of entrepreneurial hedge funds and private asset managers leverages our expertise and technology to operationalize their investment strategies. At the time, he said: We thought it was the eighth inning, and it was the ninth. 130 E. Randolph St. NEW YORK, NY We initially share this idea in October 2018 and the stock already returned more than 150%. In a letter sent to his 100-plus investors on Wednesday, Druckenmiller, the 57-year-old chief executive of $12 billion Duquesne Capital Management, said he was dissatisfied with his recent . He was born in Pittsburgh in 1953. 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. If you have an ad-blocker enabled you may be blocked from proceeding. What Cramer is watching Monday back to 2020 on S&P 500, possible major OPEC+ oil cut. I've spent more than 20 years leading venture capital investments, and each has been a high-octane ride of do-it-now, break-it-faster, we-can-always-patch-it-later. News of his decision to close Duquesne was first reported by Bloomberg News. He continues to operate Duquesne as a family office in New York, where he lives with his wife. Starbucks Corp. (SBUX): SBUX is a 1.54% stake built in 2020 at prices between ~$63 and ~$107. Donates $36.5 million to build science center at Bowdoin College. Link to 13F filings: SEC filings. as of 3/1/23. The top three positions are at ~39% of the portfolio. Former Steelers President Dan Rooney stated that he has no ill will toward Druckenmiller, mentioning that he hopes the financier remains a great Steelers fan. 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. Summary. Duquesne increased Coupang, Carvana, Kbr, Flex, Procept Bio, and Smartsheet while decreasing Alphabet, Amazon.com, Palo Alto Networks, Starbucks, and Expedia Group. 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. At the peak of the technology boom in 1999 and 2000, he made a big bet on Internet stocks. In this article, we discuss 10 value stock picks of billionaire Stanley Druckenmiller in 2022. Druckenmiller, who acquired expertise in making global bets on interest rates and currencies while working at Soros Fund Management, posted an average annual return of 30 percent at his fund for decades. Stanley Freeman Druckenmiller (born June 14, 1953)[1] is an American investor, hedge fund manager and philanthropist. Kenneth Langone leaves the offices of Duquesne Capital Monday, April 25 in New York. Create Email Alert, ***Log In or Actually Warren Buffett failed to beat the S&P 500 Index in 1958, returned only 40.9% and pocketed 8.7 percentage of it as fees. [24], Druckenmiller and his wife are also principal sponsors of the New York City AIDS walk. He didn't provide further details. (11.91%), and BHP Group Limited (9.5%).2. George Soros, right, with Stanley Druckenmiller in 2000, when Mr. Druckenmiller resigned as manager of the Quantum Fund. 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. You are limited to the prior 8 quarters of 13F filings. Druckenmiller is chairman and chief investment officer of Duquesne Family Office. New York, NY 10017-4036, Chicago Office for DUQUESNE FAMILY OFFICE LLC, Top 20 equal-weighted holdings. Please direct all future correspondence related to the purchase of Duquesne Light's common stock to EQ Shareowner Services. [18], In 2020, after the stock market crash and subsequent rally above pre-crash levels, Druckenmiller said he expects inflation in the US economy due to actions taken by the Federal Reserve. The stock currently trades at ~$2826. This quarter saw another ~15% stake increase at prices between ~$26 and ~$31. Each net worth figure is updated every business day after the close of trading in New York. Full Time position. 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. As a subscriber, you have 10 gift articles to give each month. He then focused on Duquesne and continued his successes, boasting an annualized 30 percent return for his career when he decided to close the hedge fund in 2010, tired of the stress of managing other people's money. You can enter your email below to get our FREE report. Sorry, no results has been found matching your query. But the following years were difficult for the young stars and the old guard alike as they faced fallout from the bursting of the technology bubble, the introduction of the new European currency, a bear market, and then the subprime mortgage crisis, which in 2008 left the hedge fund industry with its worst ever returns. 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). As founder of Pittsburgh-based Duquesne Capital Management, Druckenmiller posted an average annual return of 30 percent without a single money-losing year. over more than 4 decades of investing, Druckenmiller has never recorded a down year (his fund even notched a return of . Stanley Druckenmiller may be one of the greatest compounding money machines in history. The Battle of Fort Duquesne was a British assault on the eponymous French fort (later the site of Pittsburgh) that was repuls Tenth Floor Bloomberg. Stanley Druckenmiller highest dividend-paying stocks are Pioneer Natural Resources Co.(11.93%), BlackRock Institutional Trust Company N.A. Mr. Druckenmiller declined to comment. 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. Duquesne Capital had more than $12 billion in assets at the . Please. The elimination this quarter was at prices between ~$226 and ~$385. Duquesne Light Company A 2023 Project Management Internship in PITTSBURGH, Pennsylvania Reference #: 17604\ Duquesne Light Company, headquartered in downtown Pittsburgh, is a leader in providing electric energy and has been in the forefront of the electric energy market, with a history rooted in technological innovation and superior customer . This will schedule a job to export all requested 13f holdings data for this filer. The stock currently trades at ~$126. 27. He closed the fund in August 2010. He declined to comment on his net worth through spokesman Shawn Pattison. While the joy of winning for clients is immense, for me the disappointment of each interim drawdown over the years has taken a cumulative toll that I cannot continue to sustain.. . Druckenmiller also managed money for George Soros from 1988 till 2000, as he was Portfolio Manager of Quantum Fund. ? Stanley Druckenmiller started the family office in Q4 2011 after closing his hedge fund Duquesne Capital in 2010. Below is a spreadsheet that highlights the changes to Stanley Druckenmiller's Duquesne Family Office 13F stock portfolio as of Q4 2021: Stanley Druckenmiller - Duquesne Family Office's Q4 2021 13F Report Q/Q Comparison (John Vincent (author)). In this article, we discuss 10 dividend stocks to buy according to billionaire Stanley Druckenmiller's Duquesne Capital. His hedge fund track record is renowned on Wall Street, generating annualized returns of 30% during his investment career. I have no business relationship with any company whose stock is mentioned in this article. Duquesne Capital Management converted to U.S. dollars at current exchange rates Read Both as a money manager and as a philanthropist, Druckenmiller has built his career on taking big risks and very often, reaping big rewards. The position was rebuilt over the last three quarters at prices between ~$1735 and ~$2917. Phone: 1-866-280-0237 About $2.7 billion belongs to the foundation, based on Bloomberg calculations, and this sum isn't included in his net worth calculation. Reference #: 17604\ Duquesne Light Company, headquartered in downtown Pittsburgh, is a leader in providing electric energy and has been in the forefront of the electric energy market, with a history rooted in technological innovation and superior customer service. Q2 2020 saw the stake rebuilt at prices between ~$6.25 and ~$10.90. Team Rebounds: 4. While at Soros, he played an important role in 1992 when the fund made a $1 billion worth successful bet against the British pound. 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). But while his fund reported positive returns in 2008 and 2009 during the height of the financial crisis it failed to meet his average historical returns. 108 Rockwell Hall, 600 Forbes Ave. Pittsburgh, PA 15282. We still like this investment. I am not receiving compensation for it (other than from Seeking Alpha). The bursting of the dot-com bubble in March 2000 hurt his portfolio, prompting him to quit his post managing the Quantum Fund after a dozen years. Listed on 2023-03-01. Exits 5. Whalewisdom has at least 43 13F filings, 12 13D filings, and 53 13G filings. There was a ~43% selling this quarter at prices between ~$91 and ~$124. His Duquesne Capital Management LLC, which oversees $12 billion and has never had a losing year, is down 5 percent in 2010. 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. Duquesne Family Office 2022 Q4 filed Feb. 14, 2023 . automatically! Duquesne Fund Services Executive Team & Key Decision Makers. In the same report you can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12-24 months. 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. The remainder stake was sold during the quarter. In the same report you can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12-24 months. Two years later, bets on the expanding technology bubble wracked up losses. Stanley Druckenmiller started the family office in Q4 2011 after closing his hedge fund Duquesne Capital in 2010. Stanley Freeman Druckenmiller is a hedge fund manager, philanthropist, and investor. Zach Kurz, a partner at $6 billion PointState since 2017, will assume many of Mr. Samuelson's responsibilities and also become deputy chief investment officer, Mr. Schreiber said in the letter. Both teams are fighting for playoff spots in the Eastern Conference. . Duquesne Energy Servces LLC. T-Mobile US (TMUS) & rights: The 3.35% TMUS stake was established in Q2 2020 at prices between ~$82 and ~$107. In this article we present the list of 10 Stocks That Have Grabbed Stanley Druckenmillers Attention in 2022. Following his long partnership with Soros, Druckenmiller built Duquesne Capital to a peak of $12B of assets under management. Druckenmiller lost $2 billion in 1998 on collapsing Russian stocks and bonds, though still posted a gain for the year. At 09/30/2022: $1,763,329. Druckenmiller had it all in his head at once.. The turnover rate is 39%. We give you the access and tools to invest like a Wall Street money manager at a Main Street price. Bloomberg reporting. Recent activity follows. March 1, 2023. Mr. Miller plans to spend more of his time on philanthropy; last year he gave $100 million to the New York University Langone Medical Center to help start a neuroscience center. The firm posted returns of more than 20% in both 2013 and 2014, when it made about $1 billion from a bet against oil. Two years ago Daniel Benton shut down his firm. PointState Capital said Josh Samuelson will leave the firm he co-founded with the backing of Stan Druckenmiller, following a year in which the hedge fund failed to recover from a double-digit loss in 2018. Founder of hedge fund Duquesne Capital. Overall, Purpose:\ The Operations Project Management office is responsible . This quarter saw the position sold down by ~80% at prices between ~$154 and ~$188. In 1988, he was hired by George Soros to replace Victor Niederhoffer at Quantum Fund. In this article, we discuss the 10 stocks that billionaire Stanley Druckenmiller is selling. The three quarters through Q1 2020 saw a ~80% selling at prices between ~$133 and ~$185. (See BreakingViews column: [ID:nN18247207]). Duquesne Family Office LLC holdings changes, total fund size, and other information presented on HoldingsChannel.com was derived from Duquesne Family Office LLC 13F filings. The disposal this quarter was at prices between ~$307 and ~$348. Oscar Health (OSCR) and Palantir Technologies (PLTR):These very small (less than ~1% of the portfolio each) stakes were kept steady this quarter. I/we have a beneficial long position in the shares of ACAD, AMZN, CPNG, FB, GOOGL either through stock ownership, options, or other derivatives. 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. It was rebuilt this quarter at prices between ~$204 and ~$303. Druckenmiller was an avid Little League pitcher, and excelled at sports including golf, bocce and badminton. You can get rich by returning 20% per year and compounding that for several years. As part of his agreement with Dreyfus, he also maintained management of Duquesne. Chevron Inc. (CVX), Snap Inc. (SNAP), WillScot Mobile Mini (WSC), and Ingersoll Rand (IR): These are the new positions this quarter. Does Duquesne Light still have a Shareholders Relations Department? Steve Cohen's Point72 Has Gone Long GME: Point72 is a fund managed by Steve Cohen, who also owns the New York Mets. Investment Banking Finance Lending & Brokerage Finance Venture Capital & Private Equity. 76.35% of the companies in his portfolio are profitable, with an average P/E ratio of 37.69x3. The next three quarters saw a ~140% stake increase at prices between ~$150 and ~$232. 2-5 years of relevant work experience. Duquesne Capital - Stanley Druckenmiller assets under management (13F Holdings), latest news, 13D/G filings, and investor letters provided by Insider Monkey. 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. 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 The original stake was built in 2017 at prices between ~$750 and ~$1190. The change made by this company is -7.5k and the % change made by it is -0.29%. [12] In November 2020, he stated that he owned both gold and bitcoin. But Druckenmiller did back out of the first-quarter bet he made against the S&P 500, Duquesne's latest SEC filing shows. Announces plan to retire after 30 years of investing others money. 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. Revenue. Find top employees, contact details and business statistics at RocketReach. He resigned from Soros Fund Management before the end of that year. Duquesne has not had a down year in its 30-year history. With Mr. Soros, Mr. Druckenmiller helped pioneer an investment strategy that today is referred to as macro trading. Wednesday, March 1, 2023 10:03 a.m. | Wednesday, March 1, 2023 10:03 a.m. WASHINGTON The nominee for archivist of the United States made her second appearance before the Senate Homeland . The impact to a portfolio due to this purchase was 0.43%. Jim Cramer October 3, 2022. During the financial crisis, Mr. Druckenmiller, worried about the fate of his fund, withdrew most of his money from Goldman Sachs, causing a schism with the firm. Stanley Druckenmillers 13F portfolio value decreased from $3.08B to $2.76B this quarter. ET Game Venue: San Siro, Milan, Italy. Together with Daniel Benton and Louis Bacon, Druckenmiller quickly became part of the new establishment in hedge funds, taking over from his former boss and other elder industry statesman, Julian Robertson, about a decade ago. The largest five stakes are Coupang, Alphabet, Microsoft, Freeport-McMoRan, and Amazon.com. I visted the Botanic Gardens, City Market, made . 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. During the quarter, the fund raised its stakes in Microsoft Corporation (NASDAQ:MSFT), iShares MSCI Emerging Markets ETF (NYSE:EEM), Alibaba Group Holding Limited (NYSE:BABA), Amazon.com, Inc. (NASDAQ:AMZN), Netflix, Inc. (NASDAQ:NFLX), and Adobe Inc. (NASDAQ:ADBE). It lost 19% in 2018, in part from a wrong-way bet on oil stocks that tumbled in the fourth quarter. 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 . Initially share this idea in October 2018 and the stock already returned more than 4 decades of others! Reduction this quarter at prices between ~ $ 24.60 and ~ $ 1735 and $! 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