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. Duquesne increased Coupang, Carvana, Kbr, Flex, Procept Bio, and Smartsheet while decreasing Alphabet, Amazon.com, Palo Alto Networks, Starbucks, and Expedia Group. Most of his money is managed through Duquesne Family Office, a New York-based investment group he started with $3 billion in 2010. Born in Philadelphia, son of a DuPont labor relations negotiator. That was followed with a ~43% selling this quarter at prices between ~$470 and ~$568. Download 13F Summary In this article we present the list of 10 Stocks That Have Grabbed Stanley Druckenmillers Attention in 2022. Warren Buffett took 25% of all returns in excess of 6 percent. Save . We still like this investment. By the end of 2018, only he and Mr. Samuelson remained. Principal Registration, Duquesne Capital Management LLC . Teck Resources (TECK): TECK was a 2.47% of the portfolio position built in Q4 2020 at prices between ~$12.25 and ~$18.85. Microsoft Corporation (MSFT): MSFT is now a top-three ~10% of the portfolio position. Whalewisdom has at least 43 13F filings, 12 13D filings, and 53 13G filings. In 1981, he founded his own firm, Duquesne Capital Management. people. Phone: 1-866-280-0237 Duquesne Family Office's largest holding is Coupang Inc with shares held of 20,283,765. Several months later, he earned another $1 billion betting against the Swedish krona and later won shorting the Thai baht and Malaysian ringgit. for DUQUESNE FAMILY OFFICE LLC, Top 20 equal-weighted holdings. [24], Druckenmiller and his wife are also principal sponsors of the New York City AIDS walk. The first generation of benchmark commodity index products, led by the S&P GSCI Total Return Index, aim to capture roll returns in . 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. Druckenmiller's small 0.74% of the portfolio stake goes back to funding rounds prior to the IPO. 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 ~$49 and currently goes for $18.92. The position was rebuilt over the last three quarters at prices between ~$1735 and ~$2917. Sign up and get the best of News delivered straight to your email inbox, free of charge. Create Email Alert, ***Log In or 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! Focused on cloning strategies by analyzing 13F reports of a curated set of around fifty super-investors and generating Absolute Returns thru exploiting inefficiency, volatility, and momentum. The stake has wavered. Alt Turnover is calculated by taking either the total MV of new purchases or Many of those investments . Since the end of 2015, the fund is down about 18% through the third quarter, even as global stocks have returned 45%. . I have no business relationship with any company whose stock is mentioned in this article. Takes over management of flagship Dreyfus Fund under Howard Stein. [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. Primary Industries. Two years later, bets on the expanding technology bubble wracked up losses. Bush). About. Senior Property Tax Specialist. All quotes delayed a minimum of 15 minutes. 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. Oscar Health (OSCR) and Palantir Technologies (PLTR):These very small (less than ~1% of the portfolio each) stakes were kept steady this quarter. Mr. Druckenmillers career has not been without missteps. 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 . His parents separated while he was in elementary school. Download 13F Summary Create Email Alert. Company profile page for Duquesne Capital LP including stock price, company news, press releases, executives, board members, and contact information . Does Duquesne Light still have a Shareholders Relations Department? We take a closer look at hedge funds like Duquesne Family Office in order to identify their best and worst ideas. He started Duquesne Capital Management in 1981 with $1 million in various separate accounts. ? The idea for the company emerged from their senior finance capstone coursewhich focused on designing quantitative models to outperform the market. And in doing so, Druckenmiller has amassed a personal fortune of his own. Summary. 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. His hedge fund track record is renowned on Wall Street, generating annualized returns of 30% during his investment career. Prior to that, he managed George Soros's Quantum Fund between 1988 and 2000. All rights reserved. $14.8 M. Employees. For example S&P 500 Index returned 43.4% in 1958. 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). Quantum forced a devaluation, earning a profit of more than $1 billion. 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. Sorry, no results has been found matching your query. $10.1B can buy Druckenmiller's fortune is derived from the proceeds he's earned running hedge funds for more than 30 years. '"[7] Duquesne Capital Management posts an average annual return of 30 percent without any money-losing year. Last week Boston-based Highfields Capital co-founder Richard Grubman said he was retiring. It lost 19% in 2018, in part from a wrong-way bet on oil stocks that tumbled in the fourth quarter. Our elite roster of entrepreneurial hedge funds and private asset managers leverages our expertise and technology to operationalize their investment strategies. 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). 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. As a result of the merger being completed, the Duquesne Light Shareholder Relations Department was closed on Sept. 14, 2007. They also dropped Meta Platforms, Intuit, Moderna, and Zoom. [8] Since then, he has concentrated full-time on Duquesne Capital. Position: Senior Financial Analyst-Renewable Natural Gas (Hybrid)<br>Location: Hamburg<br><p>UGI Energy Services supplies and markets natural gas, liquid fuels, and electricity to 40,000 customer locations across the Mid-Atlantic and Northeastern US.</p><p>We are a supplier, marketer, and midstream services provider - one backed by 135 years of natural gas experience, plus our own expanding . Kahlil Dukes, Capital Prep, 2013 A 6-0 guard, Dukes averaged 24 points and four assist per game for the Trailblazers. (11.91%), and BHP Group Limited (9.5%).2. Druckenmiller read "The Alchemy of Finance" by George Soros and recognized they shared the same investment style. 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. NEW YORK, NY 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. That would have been 9.35% in hedge fund fees. In this article, we discuss Druckenmiller's latest market prediction and his 10 defensive stock picks. 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. . Exits 5. The 13F portfolio value decreased ~11% from $3.08B to $2.76B this quarter. [10] His biggest investments are Microsoft and Amazon in 2020. to see more advanced email alert options such as selecting any type of 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. Browse 154 duquesne capital stock photos and images available, or start a new search to explore more stock photos and images. [7] He left Soros in 2000 after taking large losses in technology stocks. and each individual billionaire profile contains a detailed analysis of how that person's fortune is tallied. There was a ~63% reduction over the last two quarters at prices between ~$236 and ~$305. Amazon.com (AMZN): AMZN is currently a top-five position at 6.88% of the portfolio. Find top employees, contact details and business statistics at RocketReach. Christopher Cannon, Dean Halford, Brittany Harris and Julian Burgess, of the total wealth of the 500 richest people in the world, of the top 200 U.S. executives total awarded compensation. In this article, we discuss the 9 stocks that Stanley Druckenmiller was right about. At the time, he said: We thought it was the eighth inning, and it was the ninth. He is profiled in the book The New Market Wizards by Jack D. Schwager. At the end of the second quarter, Druckenmiller's top five positions were Apple. 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. Shares started trading at ~$37.50 and currently goes for $35.74. Founder of hedge fund Duquesne Capital. Modified: 3/1/2023 9:52:21 PM. The stock currently trades at $51.45. 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. [19] In 2015, Druckenmiller donated $300,000 total to the presidential candidacies of Christie, Jeb Bush, and John Kasich. He shut down his $12 billion hedge fund Duquesne Capital Management in August 2010, returning funds to clients. Job specializations: Finance. [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 . . According to Bloomberg News, on August 18, 2010, Druckenmiller announced the closing of his hedge fund "telling investors he'd been worn down by the stress of trying to maintain one of the best trading records in the industry while managing an 'enormous amount of capital. 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. He moved to Pittsburgh full-time in 1986, when he was named head of the Dreyfus Fund. The remainder stake was sold during the quarter. REQUIREMENTS: Minimum qualifications: Bachelor's degree required in relevant fields of study. 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. He helped create a new hedge fund model by fusing those two separate traditions, Mr. Mallaby said. Coupa Software (COUP) and Reata Pharma (RETA): These two small (less than ~0.75% of the portfolio each) stakes were reduced this quarter. 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 ~7% trimming this quarter. Toronto is currently in ninth place, while Washington is in 10th, which means if the season ended today, both squads would be 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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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. The stake was rebuilt over the next two quarters at prices between ~$1780 and ~$2880. Prior to that, he managed George Soros's Quantum Fund between 1988 and 2000. 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. 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. That same year while at Dreyfus, he started his first hedge fund at Duquesne. We still like this investment. This quarter saw the position sold down by ~80% at prices between ~$154 and ~$188. Soon some talked about taking more time for themselves. 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. 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. You can enter your email below to get our FREE report. 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). Back then they werent called hedge funds, they were called partnerships. UMass freshman guard RJ Luis torched Duquesne for the second time in two meetings, but the Minutemen fell 88-79 in Pittsburgh on Wednesday. In 2013, Druckenmiller and Canada toured college campuses urging reform in taxation, health care, and Social Security to ensure intergenerational equity. The firm sold all of its 2,396 put contracts on the SPDR S&P 500 ETF , a . He declined to comment on his net worth through spokesman Shawn Pattison. This quarter saw a ~20% reduction at prices between ~$2665 and ~$3014. [1]: 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. In 1981, Druckenmiller founded his own firm - Duquesne Capital Management. Team Turnovers: None. Now well find out whether Ive just been in your hair too much or whether you really are inept.. Recent activity follows. Please direct all future correspondence related to the purchase of Duquesne Light's common stock to EQ Shareowner Services. A spokesman said the fund is off 5 percent this year as the average fund is up 1.52 percent. As part of his agreement with Dreyfus, he also maintained management of Duquesne. 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 . 13F filing from DUQUESNE FAMILY OFFICE LLC, enter your The Battle of Fort Duquesne was a British assault on the eponymous French fort (later the site of Pittsburgh) that was repuls Now that Stanley Druckenmiller has announced the closure of his Duquesne Capital Management, other portfolio managers Duquesne Capital Management . PITTSBURGH (AP) Jimmy Clark III had 18 points in Duquesne's 88-79 win against UMass on Wednesday night. The position was sold this quarter at prices between ~$182 and ~$286. Langone is preparing an offer for the New York Stock Exchange,. Each net worth figure is updated every business day after the close of trading in New York. However, they had since erased the losses and closed with a small gain through successful bets that the market would rally in anticipation that the Federal Reserve would announce further "Quantitative Easing" to assist in reducing unemployment and avoid deflation. over more than 4 decades of investing, Druckenmiller has never recorded a down year (his fund even notched a return of . 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. 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. How will the DOLs finalized rules impact ESG investing? Later that decade, Mr. Soros, who had begun shifting his focus to philanthropy, recruited Mr. Druckenmiller to become the principal manager of his Quantum Fund after Mr. Druckenmiller read Mr. Soross book The Alchemy of Finance and arranged to meet him. 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. With Mr. Soros, Mr. Druckenmiller helped pioneer an investment strategy that today is referred to as macro trading. 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. The firm posted returns of more than 20% in both 2013 and 2014, when it made about $1 billion from a bet against oil. I have had to recognize that competing in the markets over such a long time frame imposes heavy personal costs, he said. ET Game Venue: San Siro, Milan, Italy. Alphabet Inc. (GOOG): The large (top three) ~10% GOOG stake was established in Q4 2019 & Q1 2020 at prices between ~$1215 and ~$1521. 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. Receives English and economics degree from Bowdoin, magna cum laude. He acted in a couple of plays, and graduated magna cum laude in 1975 with a bachelor's degree in English and economics. While at Soros, he played an important role in 1992 when the fund made a $1 billion worth successful bet against the British pound. Following his long partnership with Soros, Druckenmiller built Duquesne Capital to a peak of $12B of assets under management. At the end of the second quarter, Druckenmiller's top five positions were Apple AAPL.O, Wells Fargo WFC.N, McDonald's MCD.N, JPMorgan Chase JPM.N and Cisco Systems CSCO.O. (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). LIMIT THE USE OF MY SENSITIVE PERSONAL INFORMATION. In November, seeking to replace money it had lost on trades and through redemptions, the firm opened to new investments. our complete methodology , Design & development: Im going to Europe, Mr. Soros said, according to Mr. Mallabys account. About $2.7 billion belongs to the foundation, based on Bloomberg calculations, and this sum isn't included in his net worth calculation. Full Time position. Job in Allentown - Lehigh County - PA Pennsylvania - USA , 18101. 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 this article, we discuss the 10 stocks that billionaire Stanley Druckenmiller is selling. His father was a chemical engineer and a veteran of DuPont Co., and his mother was a golf and stock market enthusiast. The 13F portfolio value decreased ~11% from $3.08B to $2.76B this quarter. [2] At the time of closing, Duquesne Capital had over $12 billion in assets. Druckenmiller lost $2 billion in 1998 on collapsing Russian stocks and bonds, though still posted a gain for the year. Procept BioRobotics (PRCT): PRCT had an IPO last September. As per the news at that time . To know more about Druckenmiller's trading style check out Trend Following: Learn to Make Millions in Up or Down Markets. 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. Duquesne Capital Management, LLC initiated holding in StoneCo Ltd. There was a ~40% stake increase next quarter at prices between ~$18 and ~$23.75. The impact to a portfolio due to this purchase was 0.43%. [3] He is reported to have made $260 million in 2008.[4]. 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 Family Office has met the qualifications for inclusion in our WhaleScore system. Q2 2020 saw the stake rebuilt at prices between ~$6.25 and ~$10.90. If Warren Buffetts hedge fund didnt generate any outperformance (i.e. 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. Mr. Druckenmiller is known as a passionate sportsman, both as a participant and spectator. There was a ~63% selling over the last three quarters at prices between ~$118 and ~$149. Druckenmiller also invested $1 billion at the time of the founding of PointState Capital, a hedge fund started in 2011 by former Duquesne money managers.