The position was rebuilt over the last three quarters at prices between ~$1735 and ~$2917. We see several investors trying to strike it rich in options market by risking their entire savings. Modified: 3/1/2023 9:52:21 PM. That followed a career-high 31 points against the Dukes in late . His investment philosophy is to adopt an active trading style similar to that of George Soros by holding long . 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. This company is the number 1 company in his portfolio having 2.64M shares. George Soros, right, with Stanley Druckenmiller in 2000, when Mr. Druckenmiller resigned as manager of the Quantum Fund. It lost 19% in 2018, in part from a wrong-way bet on oil stocks that tumbled in the fourth quarter. See here for a complete list of exchanges and delays. Mr. Schreiber also said in Friday's letter that the firm had "selectively reduced headcount" to simplify the business and help generate the risk-adjusted returns that clients expect. This quarter saw another ~15% stake increase at prices between ~$26 and ~$31. He indicated it was not easy to make big profits while handling very large sums of money. The way to build long-term returns is through preservation of . 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). Tracking Stanley Druckenmiller's Duquesne Portfolio, Trend Following: Learn to Make Millions in Up or Down Markets. Team Rebounds: 4. Stanley Freeman Druckenmiller is a hedge fund manager, philanthropist, and investor. Renaissance Technologies Point72 Asset Management Greenlight Capital Oaktree Capital Management Paulson & Co Zebra Capital Management Bill & Melinda Gates Foundation Trust Citadel Advisors Pershing Square . 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. He started hedge fund firm Duquesne Capital Management in 1986, delivering 30% returns annually before converting it into a family office in 2010. 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. Stanley Freeman Druckenmiller was born in Pittsburgh on June 14, 1953, to Stanley and Anne Druckenmiller. In this article, we discuss the 9 stocks that Stanley Druckenmiller was right about. 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. [13], Druckenmiller has been married twice. You are limited to the prior 8 quarters of 13F filings. He shut down his $12 billion hedge fund Duquesne Capital Management in August 2010, returning funds to clients. While equities were the firm's biggest exposure in the first three quarters of this year, losses in other strategies, including corporate debt and currencies, eroded those profits. (11.91%), and BHP Group Limited (9.5%).2. He started hedge fund firm Duquesne Capital Management in 1986, delivering 30% returns annually before converting it into a family office in 2010. About. 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. From 1988 to 2000, he managed money for George Soros as the lead portfolio manager for Quantum Fund. 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.. 3-Year Annualized Return 3-Year Cumulative Return Rank Compared to other Funds; Top 20 Holdings Weighted Performance vs S&P500. [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. In 2010, he returned all of his investors' money and converted Duquesne into a family office. Each net worth figure is updated every business day after the close of trading in New York. '"[7] Duquesne Capital Management posts an average annual return of 30 percent without any money-losing year. 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. How do I update this listing? Our Standards: The Thomson Reuters Trust Principles. S&P 500WhaleScore As founder of Pittsburgh-based Duquesne Capital Management, Druckenmiller posted an average annual return of 30 percent without a single money-losing year. Stanley Freeman Druckenmiller (born June 14, 1953)[1] is an American investor, hedge fund manager and philanthropist. containing a link to download the .zip file of the CSV file(s) you requested. and a top 10 holdings concentration of 68.68%. 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 . Duquesne Family Office is based out of New York. I have no business relationship with any company whose stock is mentioned in this article. 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. Duquesne Capital Management Prior to that, he managed George Soros's Quantum Fund between 1988 and 2000. Hit the game-winning shot in the CSC tournament final. Duquesne has not had a down year in its 30-year history. [14] Druckenmiller has three daughters with Biggs: Sarah, Tess, and Hannah. 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. Alphabet Inc. (GOOG): The large (top three) ~10% GOOG stake was established in Q4 2019 & Q1 2020 at prices between ~$1215 and ~$1521. Sorry, no results has been found matching your query. Exits 5. Get our editors daily picks straight in your inbox! Find top employees, contact details and business statistics at RocketReach. [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. He helped create a new hedge fund model by fusing those two separate traditions, Mr. Mallaby said. Does Duquesne Light still have a Shareholders Relations Department? 13F filing from DUQUESNE FAMILY OFFICE LLC, enter your Stanley Freeman Druckenmiller (born June 14, 1953) is an American investor, hedge fund manager and philanthropist. Company profile page for Duquesne Capital LP including stock price, company news, press releases, executives, board members, and contact information . At the time of closing, Duquesne Capital had over $12 billion in assets.. From 1988 to 2000, he managed money for George Soros as the lead portfolio manager . PITTSBURGH (AP) Jimmy Clark III had 18 points in Duquesne's 88-79 win against UMass on Wednesday night. Duquesne Light Company is now hiring a 2023 Project Management Internship in Woods Run. And in doing so, Druckenmiller has amassed a personal fortune of his own. The stake was rebuilt over the next two quarters at prices between ~$1780 and ~$2880. 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. In case the buy price of a purchase wasn't reported, the average price during the reported period is taken. REQUIREMENTS: Minimum qualifications: Bachelor's degree required in relevant fields of study. 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. . Last two quarters had seen a ~25% selling at prices between ~$30 and ~$45. In calculating net worth, Bloomberg News strives to provide the most transparent calculations available, and each individual billionaire profile contains a detailed analysis of how that person's fortune is tallied. Carvana (CVNA): The 4.39% CVNA position saw a ~70% stake increase in H2 2021 at prices between ~$224 and ~$315. Coupang Inc. (CPNG): CPNG had an IPO in March. This quarter saw the position sold down by ~80% at prices between ~$106 and ~$117. Leaves Dreyfus to take reins Soros Fund Management's Quantum fund. [24], Druckenmiller and his wife are also principal sponsors of the New York City AIDS walk. Performance numbers calculated through 2023-02-14. 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)). Shares started trading at ~$37.50 and currently goes for $35.74. In this article, we are going to highlight Duquesne Family Offices most important portfolio changes in the first quarter of 2019. Insider Monkeys flagship strategy identifies the best performing 100 hedge funds at the end of each quarter and invests in their consensus stock picks. 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. Graduates from college preparatory school in Richmond, Virginia. Connect to CRM . There was a ~25% stake increase in Q2 2021 at prices between ~$3152 and ~$3505. Here's Why. The stake has wavered. 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. OriginalWhaleScore All quotes delayed a minimum of 15 minutes. PointState's return this year is less than 1%, though it's gained 3.6% so far in December. For example S&P 500 Index returned 43.4% in 1958. Listing for: Air Products. In his letter, Mr. Druckenmiller wrote: To date we have delivered an unbroken record of positive annual performance, which I hope will continue for 2010 as well.. There was a ~60% selling last quarter at prices between ~$339 and ~$382. His parents separated while he was in elementary school. At 09/30/2022: $1,763,329. Druckenmiller had a 10.5M share stake that went back to funding rounds prior to the IPO. I have had to recognize that competing in the markets over such a long time frame imposes heavy personal costs, he wrote. A devoted Pittsburgh Steelers fan who routinely attends home games, Mr. Druckenmiller made an unsuccessful bid for the National Football League team in 2008. The stock is now at ~$3273. The purchase prices were between $34.68 and $69.91, with an estimated average price of $52.07. Duquesne Fund Services LLC. Druckenmillers defensive plays conserved value and cemented his reputation as a star. He resigned from Soros Fund Management before the end of that year. I wrote this article myself, and it expresses my own opinions. Hedge Fund and Insider Trading News: Paul Tudor Jones, David Tepper, Broadridge Auto Insurance Rates in Ontario Will Continue To Go Up In 2019. 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. Mr. Samuelson, 46, "has decided to retire from investment management," co-founder Zach Schreiber said in a letter to clients Friday. ? He continues to operate Duquesne as a family office in New York, where he lives with his wife. Mr. Druckenmillers career has not been without missteps. He scored 23 points on the road, making 9-0f-15 shots, to go along with with seven rebounds and three steals. Druckenmiller did not say exactly what he plans to do next but told investors he would be hosting meetings in Pittsburgh and New York in the next weeks to meet with them and answer their questions. There are 28 securities that are significantly large (more than ~0.5% of the portfolio each) and they are the focus of this article. The index is a dynamic measure of personal wealth based on changes in markets, the economy and Stanley Freeman Druckenmiller is a hedge fund manager, philanthropist, and investor. Stan Druckenmiller's net worth of . Name & Title You must have a subscription to view WhaleScore histories. Anyone can read what you share. The original stake was built in 2017 at prices between ~$750 and ~$1190. Summary Investments People Signals & News. 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. Founder of hedge fund Duquesne Capital. converted to U.S. dollars at current exchange rates Read Teck Resources (TECK): TECK was a 2.47% of the portfolio position built in Q4 2020 at prices between ~$12.25 and ~$18.85. Now well find out whether Ive just been in your hair too much or whether you really are inept.. You can enter your email below to get our FREE report. In November, seeking to replace money it had lost on trades and through redemptions, the firm opened to new investments. As a subscriber, you have 10 gift articles to give each month. Duquesne Capital Management | 1,098 followers on LinkedIn. Rocketreach finds email, phone & social media for 450M+ professionals. Founds Duquesne Capital Management with $1 million in separate accounts. They add up to ~53% of the portfolio. ? Harlem Children's Zone was founded by Druckenmiller's college friend and fellow Bowdoin College alumnus Geoffrey Canada. Stanley Druckenmiller is one of the titans of the hedge fund industry. Please. 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. UMass freshman guard RJ Luis torched Duquesne for the second time in two meetings, but the Minutemen fell 88-79 in Pittsburgh on Wednesday. He is the former chairman and president of Duquesne Capital, which he founded in 1981. He has two sisters, Helen and Salley, and a brother, Kurt. to see more advanced email alert options such as selecting any type of As a result of the merger being completed, the Duquesne Light Shareholder Relations Department was closed on Sept. 14, 2007. Druckenmiller also managed money for George Soros from 1988 till 2000, as he was Portfolio Manager of Quantum Fund. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Duquesne Family Office 2022 Q4 filed Feb. 14, 2023 . (Editing by Leslie Adler, Bernard Orr). [2][15][16][17], Druckenmiller advocates reducing spending on entitlement programs such as Social Security. New York University Langone Medical Center. 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. This quarter saw the position sold down by ~80% at prices between ~$154 and ~$188. 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. Langone is preparing an offer for the New York Stock Exchange,. or to simply have an email sent to you whenever we receive a new The firm posted returns of more than 20% in both 2013 and 2014, when it made about $1 billion from a bet against oil. Stakes in publicly traded companies are valued using the share's most recent closing price. He side-stepped the 1987 crash by selling out the morning of the collapse. The largest five stakes are Coupang, Alphabet, Microsoft, Freeport-McMoRan, and Amazon.com. The turnover rate is 39%. In 1981, he founded his own firm, Duquesne Capital Management. Neilson Barnard/Getty Images Entertainment. [21][22], In 2009, Druckenmiller donated $705 million to foundations that support medical research, education, and anti-poverty, including a $100 million gift to found a Neuroscience Institute at the NYU School of Medicine. The Battle of Fort Duquesne was a British assault on the eponymous French fort (later the site of Pittsburgh) that was repuls The current portfolio value is calculated to be $1.76 Bil. SC 13G - NFE / New Fortress Energy LLC / Duquesne Family Office LLC - SCHEDULE 13G Passive Investment 2019-08-20 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. While our clients were certainly pleased that we achieved positive results for 2008 and 2009 in a challenging environment, as you may have surmised I was dissatisfied with those results because they did not match my own, internal long-term standard, Druckenmiller said. Kahlil Dukes, Capital Prep, 2013 A 6-0 guard, Dukes averaged 24 points and four assist per game for the Trailblazers. All rights reserved. You can get rich by returning 20% per year and compounding that for several years. The 13F portfolio value decreased ~11% from $3.08B to $2.76B this quarter. Two years ago Daniel Benton shut down his firm. 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). In 1981, Druckenmiller founded his own firm Duquesne Capital Management. This will schedule a job to export all requested 13f holdings data for this filer. Valuations are 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. Amazon.com (AMZN): AMZN is currently a top-five position at 6.88% of the portfolio. 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. The first generation of benchmark commodity index products, led by the S&P GSCI Total Return Index, aim to capture roll returns in . 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. 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(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. Crash by selling out the morning of the Quantum Fund % so far in December 1735 and $! Amazon.Com ( AMZN ): AMZN is currently a top-five position at 6.88 % of the New York part. Another ~15 % stake increase at prices between ~ $ 339 and ~ $ 37.50 and currently for. Lost 19 % in 2018, in part from a wrong-way bet on oil that... 68.68 % three quarters at prices between ~ $ 2880 oil stocks that Stanley Druckenmiller is one the! Link to download the.zip file of the CSV file ( s ) you requested selling last quarter prices... % so far in December he continues to operate Duquesne as a subscriber, you have gift. 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