On the Bloomberg Billionaires Index, Stanley Druckenmiller is ranked 231st. At Duquesne Capital, he oversees approximately $3.4 billion in assets. His hedge fund’s top assets are all in the technology sector, with an emphasis on Apple and Google. Between March and June of this year, the value of Duquesne Capital’s portfolio fell by nearly $400 million. The fund made 16 new stock purchases, 10 additional stock purchases, and 28 stock sales. The fund’s top five holdings account for more than 40% of the total portfolio.
Here is Insider Monkey’s list of the 10 stocks Stanley Druckenmiller is dumping. The tenth stock on our list of ten stocks that Stanley Druckenmiller is selling is First Horizon Corporation. In the first quarter of 2021, the fund purchased a stake in the company and sold it off two quarters later. Cloudflare, Inc. is rated ninth. The firm owns and manages a cloud platform that sells business network services. With 57 million shares worth more than $165 million, Citadel Investment Group is the largest stakeholder. Barrick Gold Corporation is a gold mining business established in Canada. It ranks eighth on the list of the top ten stocks that Stanley Druckenmiller is selling. Between March and June of this year, the fund liquidated its entire ownership in the mining company. Taiwan Semiconductor Manufacturing Company Limited is rated seventh. For its interest in the company, the fund paid an estimated average price of $118.28 per share. JD.com, Inc. is ranked sixth. With 51.5 million shares worth more than $4.1 billion, Tiger Global Management LLC is the largest shareholder in JD.com. For more details, click 10 Stocks Stanley Druckenmiller Is Dumping.
