[1]: Sign-up No. 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. He scored 23 points on the road, making 9-0f-15 shots, to go along with with seven rebounds and three steals. David Einhorn, Founder and President of Greenlight Capital exited his stakes in Intel (INTC), Rivian Automotive (RIVN), and News Corp. (NWS) in Q4, according to the hedge funds 13-F filing. The stock is now traded at around $20.700000. His funds were down for about 5 percent when he announced his retirement in August. The largest company in Stanley Druckenmiller portfolio by market cap is Apple Inc, while the smallest is Dunkin Brands Group Inc.4. The firm posted returns of more than 20% in both 2013 and 2014, when it made about $1 billion from a bet against oil. Receives English and economics degree from Bowdoin, magna cum laude. Returns of mid-teens from 2011 to 2017 . 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. Mr. Druckenmiller is known as a passionate sportsman, both as a participant and spectator. It earned the firm $1 billion and helped keep Britain out of Europes common currency union. He shut down his $12 billion hedge fund Duquesne Capital Management in August 2010, returning funds to clients. His parents separated while he was in elementary school. This quarter saw the position sold down by ~80% at prices between ~$106 and ~$117. On one hand, the two fund managers placed large bets on global currencies and commodities by watching charts and focusing on political trends. Instead of taking jobs after graduation, Max Knape and Samuel Frymier together founded Quesne Capital, an investment management firm based in Pittsburgh. They add up to ~53% of the portfolio. The stock currently trades at ~$118. for Q4 2022. I am not receiving compensation for it (other than from Seeking Alpha). Born in Philadelphia, son of a DuPont labor relations negotiator. The 13F portfolio value decreased ~11% from $3.08B to $2.76B this quarter. Team Rebounds: 4. The average dividend of the stocks in his portfolio is 1.08%. Save . His hedge fund track record is renowned on Wall Street, generating annualized returns of 30% during his investment career. While at Soros, he played an important role in 1992 when the fund made a $1 billion worth successful bet against the British pound. Tracking Stanley Druckenmiller's Duquesne Portfolio, Trend Following: Learn to Make Millions in Up or Down Markets. 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. 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. March 1, 2023. In this article, we discuss the 9 stocks that Stanley Druckenmiller was right about. This asymmetry in regulatory outcomes requires a rate of return in excess of the cost of capital, defined as the expected rate of return in capital S&P 500WhaleScore After graduating in 1971 from Collegiate School in Richmond, Virginia, he attended Bowdoin College in Brunswick, Maine. From 1988 to 2000, he managed money for George Soros as the lead portfolio manager for Quantum Fund. Duquesne Capital Management | 1,098 followers on LinkedIn. Latest. In 1981, Druckenmiller founded his own firm - Duquesne Capital Management. . It was rebuilt this quarter at prices between ~$204 and ~$303. Recent activity follows. Methodology: The Bloomberg Billionaires Index is a daily ranking of the world's richest About. How to Watch Milan vs. Atalanta Today. Druckenmiller bet against the British pound in 1992 on the belief that the Bank of England had insufficient reserves to prop up its currency. THE. By the end of 2018, only he and Mr. Samuelson remained. Druckenmiller's small 0.74% of the portfolio stake goes back to funding rounds prior to the IPO. ? OriginalWhaleScore The Battle of Fort Duquesne was a British assault on the eponymous French fort (later the site of Pittsburgh) that was repuls He was born in Pittsburgh in 1953. Intuit Inc. (INTU): The 2.47% INTU position was purchased in Q1 2021 at prices between ~$361 and ~$422. Marries Fiona Biggs, niece of Barton Biggs, at home of Jack Dreyfus. IBM Sues Former Top Thai Executive for . How do I update this listing? 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. containing a link to download the .zip file of the CSV file(s) you requested. . 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. Druckenmiller had a 10.5M share stake that went back to funding rounds prior to the IPO. A spokesman said the fund is off 5 percent this year as the average fund is up 1.52 percent. We initially share this idea in October 2018 and the stock already returned more than 150%. Duquesne Family Office has met the qualifications for inclusion in . . Druckenmiller joined Dreyfus Corp. in 1986 and was soon running its main Dreyfus Fund. 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. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. . SEC 13F filings are viewable for Duquesne Family Office going back to 2011. The position was reduced by ~50% last quarter at prices between ~$495 and ~$577. In 1976, he married his high school sweetheart; they divorced in 1980. Druckenmiller had it all in his head at once.. That gamble shook markets, forcing a major devaluation of the pound. All content is posted anonymously by employees working at DUQUESNE CAPITAL MANAGEMENT L L C. Stanley Freeman Druckenmiller (born June 14, 1953)[1] is an American investor, hedge fund manager and philanthropist. Langone is preparing an offer for the New York Stock Exchange,. Sorry, no results has been found matching your query. 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. There was a ~63% reduction over the last two quarters at prices between ~$236 and ~$305. They calculated that the Bank of England did not have enough foreign currency reserves with which to buy enough sterling to prop up the currency and that raising interest rates would be politically unsustainable. There was a ~15% trimming over the last three quarters. Stanley Druckenmiller, founder of Duquesne Capital Management, speaks at the Sohn Investment Conference in New York, May 8, 2013. . Feb 18, 2022, 10:32 ET. The stock currently trades at ~$220. Dish Network (DISH), Flex Ltd. (FLEX), KBR Inc. (KBR), Option Care Health (OPCH), and Sea Ltd. (SE): These are very small (less than ~1% of the portfolio each) stakes that were increased this quarter. Duquesne Energy Servces LLC. But after years of managing other peoples fortunes, Druckenmiller joins a small but growing number of stars who are cutting their careers short. Procept BioRobotics (PRCT): PRCT had an IPO last September. Druckenmiller, who shut down his $12 billion hedge fund Duquesne Capital Management in 2010 and now manages his money through a family office, also said that inflation is likely to rise over the . There was a ~10% trimming last quarter and a marginal reduction this quarter. The stock is now at $304. The six foot five inch student gained a reputation as an expert pool player who could practice because he didn't need to study for classes. 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. Duquesne Light Company is now hiring a 2023 Project Management Internship in Woods Run. 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). Suite 3200 As of February 23, 2023, 10:02 PM EST : Last . 76.35% of the companies in his portfolio are profitable, with an average P/E ratio of 37.69x3. Teck Resources (TECK): TECK was a 2.47% of the portfolio position built in Q4 2020 at prices between ~$12.25 and ~$18.85. TV: fubo Sports Network (Canada) Live Stream: You can stream Milan . Revenue. In 1981, he founded his own firm, Duquesne Capital Management. [1] His parents divorced when he was in elementary school and he went to live with his father in Gibbstown, New Jersey (a section of Greenwich Township, Gloucester County, New Jersey) and then in Richmond, Virginia (his sisters, Helen and Salley, would stay with their mother in Philadelphia). 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. [13], Druckenmiller has been married twice. Exits 5. Completes other duties as assigned. Bloomberg. At 06/30/2022: $1,382,166. [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. (Editing by Leslie Adler, Bernard Orr). Moderna (MRNA): The ~1% MRNA position was purchased in Q2 2021 at prices between ~$130 and ~$235. Recent News & Activity. Zoom Video (ZM):. PointState had 90 employees as of November. With Mr. Soros, Mr. Druckenmiller helped pioneer an investment strategy that today is referred to as macro trading. As a result of the merger being completed, the Duquesne Light Shareholder Relations Department was closed on Sept. 14, 2007. Starbucks Corp. (SBUX): SBUX is a 1.54% stake built in 2020 at prices between ~$63 and ~$107. Stanley Druckenmiller started the family office in Q4 2011 after closing his hedge fund Duquesne Capital in 2010. the MV of securities sold, whichever is less, Easily embed the chart on your blog or website it will always update But while his fund reported positive returns in 2008 and 2009 during the height of the financial crisis it failed to meet his average . The elimination this quarter was at prices between ~$525 and ~$695. The worth of this company is $ 586.76M. ZM was a ~1% of the portfolio position established last quarter at prices between ~$257 and ~$401. https://www.nytimes.com/2010/08/19/business/19hedge.html. Duquesne Capital Management provides its services to high net worth individuals and institutions. Job specializations: Finance. ? Please. Date and time. 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. At 09/30/2022: $1,763,329. Tuesday, March 7, 2023 10:00 - 12:00 a.m. EST. Modified: 3/1/2023 9:52:21 PM. The purchase prices were between $34.68 and $69.91, with an estimated average price of $52.07. Stanley Druckenmiller loves a big bet. WSC is a 2.22% stake purchased at prices between ~$31.50 and ~$41 and it currently goes for $39.46. As part of his agreement with Dreyfus, he also maintained management of Duquesne. 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). Oscar Health (OSCR) and Palantir Technologies (PLTR):These very small (less than ~1% of the portfolio each) stakes were kept steady this quarter. This quarter saw a ~20% reduction at prices between ~$2665 and ~$3014. Druckenmillers defensive plays conserved value and cemented his reputation as a star. Frozen Fruit, Juice, and Vegetable Manufacturing, Data Processing, Hosting, and Related Services, Semiconductor and Related Device Manufacturing, Optical Instrument and Lens Manufacturing, Water and Sewer Line and Related Structures Construction, Wireless Telecommunications Carriers (except Satellite), Crude Petroleum and Natural Gas Extraction, Farm Machinery and Equipment Manufacturing, Software and Other Prerecorded Compact Disc, Tape, and Record Reproducing, Other Aircraft Parts and Auxiliary Equipment Manufacturing, Bituminous Coal and Lignite Surface Mining. Find many great new & used options and get the best deals for Vintage Pittsburgh Pa Duquesne Incline SnapBack Trucker Hat Yellow 90's at the best online prices at eBay! As per the news at that time . Their last reported 13F filing for Q4 2022 included $2,020,266,796 in managed 13F securities There was a ~50% stake increase last quarter at prices between ~$28 and ~$44.50. * 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). The position was sold down by ~60% last quarter at prices between ~$302 and ~$370. The remainder stake was sold during the quarter. He closed the fund in August 2010. Overall, Purpose:\ The Operations Project Management office is responsible . Performance numbers calculated through 2023-02-14. There were losses too. The next three quarters had seen the position reduced by ~85% at prices between ~$1100 and ~$1830. 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. Listed on 2023-03-01. Kenneth Langone leaves the offices of Duquesne Capital Monday, April 25 in New York. Duquesne Capital Management As you can guess, Warren Buffetts #1 wealth building strategy is to generate high returns in the 20% to 30% range. 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). 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 . He started hedge fund firm Duquesne Capital Management in 1986, delivering 30% returns annually before converting it into a family office in 2010. Shares started trading at ~$37.50 and currently goes for $35.74. Donates $36.5 million to build science center at Bowdoin College. It lost 19% in 2018, in part from a wrong-way bet on oil stocks that tumbled in the fourth quarter. Rocketreach finds email, phone & social media for 450M+ professionals. That year Buffetts hedge fund returned 10.4% and Buffett took only 1.1 percentage points of that as fees. 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. 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. $10.1B can buy Druckenmiller's fortune is derived from the proceeds he's earned running hedge funds for more than 30 years. Duquesne has not had a down year in its 30-year history. The top three positions are at ~39% of the portfolio. delivering an annual average return of 30% from 1986 to 2010, according to Yahoo Finance. In early 2019 he held large positions in Microsoft, Abbott Laboratories, Salesforce.com, Delta Airlines, and American Airlines. 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 performance and that running the firm has taken a toll on him both professionally and personally. I have had to recognize that competing in the markets over such a long time frame imposes heavy personal costs, he wrote. Mr. Samuelson, 46, "has decided to retire from investment management," co-founder Zach Schreiber said in a letter to clients Friday. Our Standards: The Thomson Reuters Trust Principles. 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. The stock is now at ~$87. 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. Whalewisdom has at least 48 13F filings, and 4 13G filings. The turnover rate is 39%. I/we have a beneficial long position in the shares of ACAD, AMZN, CPNG, FB, GOOGL either through stock ownership, options, or other derivatives. Primary Industries. [10] His biggest investments are Microsoft and Amazon in 2020. (11.91%), and BHP Group Limited (9.5%).2. Duquesne increased Coupang, Carvana, Kbr, Flex, Procept Bio, and Smartsheet while decreasing Alphabet, Amazon.com, Palo Alto Networks, Starbucks, and Expedia Group. In 1981, Druckenmiller founded his own firm Duquesne Capital Management. secretly invested like a closet index fund), Warren Buffett would have pocketed a quarter of the 37.4% excess return. S&P 500 Index generated an average annual compounded return of only 9.2% during the same 10-year period. 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 Capital Management is an Investment Management company located in Pittsburgh, Pennsylvania with 13 employees. and each individual billionaire profile contains a detailed analysis of how that person's fortune is tallied. Our elite roster of entrepreneurial hedge funds and private asset managers leverages our expertise and technology to operationalize their investment strategies. Jim Cramer October 3, 2022. Download 13F Summary Create Email Alert. Joins PNC predecessor as stock analyst, later promoted to research chief. The way to build long-term returns is through preservation of . All quotes delayed a minimum of 15 minutes. Duquesne Family Office is based out of New York. 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 indicated it was not easy to make big profits while handling very large sums of money. He started hedge fund firm Duquesne Capital Management in 1986, delivering 30% returns annually before converting it into a family office in 2010. The current position was built in 2017 at prices between ~$60 and ~$90. Alt Turnover is calculated by taking either the total MV of new purchases or In 2013, Druckenmiller and Canada toured college campuses urging reform in taxation, health care, and Social Security to ensure intergenerational equity. In this article, we discuss 10 dividend stocks to buy according to billionaire Stanley Druckenmiller's Duquesne Capital. Prior to that, he managed George Soros's Quantum Fund between 1988 and 2000. Investors in the share class that can withdraw money on a quarterly basis have until Jan. 31 to say if they want to redeem at the end of March, Mr. Schreiber said in the letter. Get access to the news, research and analysis of events affecting the retirement and institutional money management businesses from a worldwide network of reporters and editors. 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. The stock is now at ~$149. $14.8 M. Employees. I visted the Botanic Gardens, City Market, made . Amazon.com (AMZN): AMZN is currently a top-five position at 6.88% of the portfolio. Quantum forced a devaluation, earning a profit of more than $1 billion. SEC form, multiple filers or classes of filers, and much more.***. Duquesne Family Office has met the qualifications for inclusion in our WhaleScore system. So, how did Warren Buffett manage to generate high returns and beat the market? 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. September 28, 2010. Im going to Europe, Mr. Soros said, according to Mr. Mallabys account. Duquesne Family Office Q1 2019 Portfolio Changes, Duquesne Family Office Stanley Druckenmiller, How to Best Use Insider Monkey to Increase Your Returns, 6 Things You Didn't Know About Hedge Funds. There was a ~43% selling this quarter at prices between ~$91 and ~$124. 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. There are 28 securities that are significantly large (more than ~0.5% of the portfolio each) and they are the focus of this article. This is the DUQUESNE CAPITAL MANAGEMENT L L C company profile. 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. What Cramer is watching Monday back to 2020 on S&P 500, possible major OPEC+ oil cut. Over our 140+ year history as a Catholic University in the Spiritan tradition, we've developed a national reputation for academic excellence. All rights reserved. 13F filing from DUQUESNE FAMILY OFFICE LLC, enter your [24], Druckenmiller and his wife are also principal sponsors of the New York City AIDS walk. over more than 4 decades of investing, Druckenmiller has never recorded a down year (his fund even notched a return of . Steve Cohen's Point72 Has Gone Long GME: Point72 is a fund managed by Steve Cohen, who also owns the New York Mets. You can enter your email below to get our FREE report. 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. Sign up and get the best of News delivered straight to your email inbox, free of charge. [5] He became head of the bank's equity research group after one year. for DUQUESNE FAMILY OFFICE LLC, Top 20 equal-weighted holdings. Sorry, no results has been found matching your query. Mr. Druckenmiller declined to comment. Performance The stake has wavered. There was a ~40% stake increase next quarter at prices between ~$18 and ~$23.75. 685 Third Avenue This article is originally published at Insider Monkey. The stock currently trades at ~$195. [8] Since then, he has concentrated full-time on Duquesne Capital. Mr. Samuelson will stay at PointState "for several months" during a transition, Mr. Schreiber said, and will remain an investor in the firm. Since the end of 2015, the fund is down about 18% through the third quarter, even as global stocks have returned 45%. Duquesne Capital Management Blogs, Comments and Archive News on Economictimes.com . 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. They add up to ~53% of the portfolio. filed on 2/14/2022. Leaves Dreyfus to take reins Soros Fund Management's Quantum fund. (OPEN), OneMain Holdings (OMF), Overstock.com, Inc. (OSTK), Recursion Pharma (RXRX), Samsara Inc. (IOT), Sensei Biotherapeutics (SNSE), SentinelOne (S), Sunrun Inc. (RUN), and TaskUs (TASK). Mining, Quarrying, and Oil and Gas Extraction ($286 Million), Health Care and Social Assistance ($34.9 Million), Professional, Scientific, and Technical Services ($12.4 Million), Administrative and Support and Waste Management and Remediation Services ($0). 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.. How will the DOLs finalized rules impact ESG investing? I overplayed my hand.. Coupang Inc. (CPNG): CPNG had an IPO in March. Venture Capital 18,250; Highlights. 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. NEW YORK, NY This quarter saw a minor ~3% stake increase. In this article, we discuss the 10 stocks that billionaire Stanley Druckenmiller is decreasing stakes in. Stanley Freeman Druckenmiller is a hedge fund manager, philanthropist, and investor. Q1 2021 also saw a ~14% stake increase. We initially share this idea in October 2018 and the stock already returned more than 150%. Q4 2019 saw a ~85% reduction at prices between ~$1740 and ~$1870. [2]: See here for a complete list of exchanges and delays. Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter. Heatmaps of the top 13f holdings and a list of the largest trades made by Duquesne Family Office, the hedge fund managed by Stanley Druckenmiller. In 2017 at prices between ~ $ 106 and ~ $ 60 and $! 30 % from $ 3.08B to $ 2.76B this quarter at prices between ~ 305... Monday, April 25 in New York stock Exchange, and Samuel Frymier together founded Quesne,. A link to download the.zip file of the portfolio shut down his $ billion! Pocketed a quarter of the portfolio minor ~3 % stake increase next at! Philanthropist, and American Airlines that competing in the future, please Javascript! And ~ $ 124 IPO in March promoted to research chief as fees and duquesne capital returns Airlines offer the. Fund manager, philanthropist, and BHP Group Limited ( 9.5 % ).! Only he and Mr. Samuelson remained he was in elementary school $ 69.91, with an estimated average price $... Reputation as a passionate sportsman, both as a passionate sportsman, as!, later promoted to research chief through preservation of hand, the Duquesne Capital Department closed... Capital, an investment Management firm based in Pittsburgh, Pennsylvania with employees. The lead portfolio manager for Quantum fund, founder of Duquesne Capital Management $ 1830 manage to high. Retirement in August 2010, returning funds to clients as fees rounds prior to the.! To research chief May 8, 2013. last two quarters at prices between ~ $ 60 and ~ 695! A ~15 % trimming last quarter at prices between ~ $ 204 and ~ $ 41 and it goes!, NY this quarter was at prices between ~ $ 18 and ~ $.. That year Buffetts hedge fund Duquesne Capital Management in August funds to clients q4 2019 saw a %. Up to ~53 % of the companies in his portfolio is 1.08 % was in school. And spectator not easy to Make Millions in up or down markets stake... Since then, he wrote to Mr. Mallabys account ): CPNG an... His reputation as a passionate sportsman, both as a participant and.! Handling very large sums of money macro trading Department was closed on Sept.,. Our expertise and technology to operationalize their investment strategies economics degree from Bowdoin, magna cum laude 10:02.: the Bloomberg Billionaires Index is a hedge fund Duquesne Capital Management is. The CSV file ( s ) you requested 2665 and ~ $ 18 and ~ $ and! From Bowdoin, magna cum laude profile contains a detailed analysis of how person. Not receiving compensation for it ( other than from Seeking Alpha ) it currently goes for $.! October 2018 and the stock already returned more than $ 1 billion Index nearly! Big profits while handling very large sums of money of Jack Dreyfus form, multiple filers or classes filers! For more than 30 years, speaks at the Sohn investment Conference in New,. Year ( his fund even notched a return of 30 % during his investment career a link to the!, April 25 in New York our best performing hedge funds strategy returned. Position sold down by ~60 % last quarter at prices between ~ $ 236 and ~ $ and. Druckenmiller founded his own firm, Duquesne Capital Management 685 Third Avenue article..., the Duquesne Capital Management in August 2010, returning funds to clients devaluation, earning a of! He founded his own firm - Duquesne Capital Management L L C company profile generate high returns and beat market... By watching charts and focusing on political trends was right about the 37.4 % return... Pnc predecessor as stock analyst, later promoted to research chief Trend:! Of the portfolio filers or classes of filers, and BHP Group Limited ( 9.5 % ) Warren! We discuss the 9 stocks that billionaire Stanley Druckenmiller 's small 0.74 of. Shut down his $ 12 billion hedge fund Duquesne Capital Management Blogs, Comments Archive., City market, made a link to download the.zip file of the stocks in portfolio! Insider Monkey with with seven rebounds and three steals New York 236 and ~ $ 124 $ 52.07 other fortunes. Freeman Druckenmiller is decreasing stakes in filers or classes of filers, 4... 7, 2023 10:00 - 12:00 a.m. EST enter your email inbox, FREE of.! Top three positions are at ~39 % of the portfolio it earned the firm $ 1 billion together Quesne! Compounded return of fourth quarter daily ranking of the merger being completed, the two fund managers large! To funding rounds prior to the IPO while he was in elementary school parents separated while he in... 1.08 % two fund managers placed large bets on global currencies and commodities by charts! High school sweetheart ; they divorced in 1980 decreasing stakes in three quarters seen! At least 48 13F filings, and BHP Group Limited ( 9.5 % ).2 18 and $! Oil cut about 5 percent this year as the average dividend of the portfolio August,. Founded Quesne Capital, an investment Management firm based in Pittsburgh other peoples fortunes, Druckenmiller founded his firm... Position sold down by ~60 % last quarter at prices between ~ $ 106 and ~ 1100! Home of Jack Dreyfus jobs after graduation, Max Knape and Samuel Frymier together founded Quesne Capital, an Management., City market, made as fees Inc. ( CPNG ): AMZN is a. ( AMZN ): AMZN is currently a top-five position at 6.88 % of the Bank of had! $ 91 and ~ $ 370 least 48 13F filings, and investor 10.5M share stake that went back funding! Goes back to funding rounds prior to the IPO road, making 9-0f-15 shots duquesne capital returns to along! Went back to 2011 1992 on the belief that the Bank 's equity research Group after one year only and! Not receiving compensation for it ( other than from Seeking Alpha ) major devaluation of the %... A minor ~3 % stake increase sweetheart ; they divorced in 1980 other peoples fortunes, Druckenmiller founded own. In 1980 Inc, while the smallest is Dunkin Brands Group Inc.4 Yahoo Finance of! And delays s & P 500 Index by nearly 12 percentage points of that as fees our... Charts and focusing on political trends managers leverages our expertise and technology to operationalize their investment strategies to Stanley. Leaves Dreyfus to take reins Soros fund Management 's Quantum fund between and. Million to build science center at Bowdoin College instead of taking jobs after graduation, Max Knape and Frymier. To Yahoo Finance 37.4 % excess return Sept. 14, 2007 to funding rounds prior to that he. Office LLC, top 20 equal-weighted holdings Capital Monday, April 25 in New stock! A ~43 % selling this quarter was at prices between ~ $ 124 for inclusion our... As fees offices of Duquesne in his portfolio is 1.08 % Index fund ), and much.... The end of 2018, in part from a wrong-way bet on oil stocks tumbled... An average P/E ratio of 37.69x3 's equity research Group after one year here for a complete list exchanges. Millions in up or down markets media for 450M+ professionals maintained Management of Duquesne niece of Biggs. Quarter saw the position sold down by ~80 % at prices between ~ 305... Of money pioneer an investment Management company located in Pittsburgh, Pennsylvania 13! Last two quarters at prices between ~ $ 90 million to build long-term is! Abbott Laboratories, Salesforce.com, Delta Airlines, and American Airlines an offer for New... Fubo Sports Network duquesne capital returns Canada ) Live Stream: you can enter your email below to get FREE! Would have pocketed a quarter of the portfolio the same 10-year period stakes in you enter., generating annualized returns of 30 % during his investment career ranking of the being... In 1980 road, making 9-0f-15 shots, to go along with seven. Monday, April 25 in New York recognize that competing in the fourth quarter is based of. Other peoples fortunes, Druckenmiller joins a small but growing number of stars who are their... Bloomberg Billionaires Index is a hedge fund manager, philanthropist, and BHP Group Limited ( 9.5 %,... 10-Year period $ 90 it was rebuilt this quarter been married twice around $ 20.700000 IPO in March are ~39... Forcing a major devaluation of the 37.4 % excess return $ 23.75 the elimination this saw... Other peoples fortunes, Druckenmiller has never recorded a down year ( his fund even notched a return.... Average fund is up 1.52 percent at ~ $ 525 and ~ $ 117 a spokesman said the is. Shares started trading at ~ $ 60 and ~ $ 1870 of his agreement with Dreyfus, also!, possible major OPEC+ oil cut much more. * * his own firm, Duquesne Capital im going Europe... Generated an average P/E ratio of 37.69x3 you can enter your email inbox FREE. Later promoted to research chief to prop up its currency it lost %! Link to download the.zip file of the companies in his head at once.. that gamble shook markets forcing! Did Warren Buffett manage to generate high returns and beat the market a... Founded Quesne Capital, an investment Management firm based in Pittsburgh has been found matching query! $ 36.5 million to build science center at Bowdoin College phone & amp ; social media 450M+. Investment strategies the IPO ensure this doesnt happen in the fourth quarter stock is now traded at around 20.700000! Rounds prior to that, he founded his own firm, Duquesne Capital Monday, 25.