Alt Turnover is calculated by taking either the total MV of new purchases or How will the DOLs finalized rules impact ESG investing? He ascended quickly and was named research director and then head of investments in 1979. [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. Intuit Inc. (INTU): The 2.47% INTU position was purchased in Q1 2021 at prices between ~$361 and ~$422. Link to 13F filings: SEC filings. Stanley Freeman Druckenmiller is a hedge fund manager, philanthropist, and investor. The stock currently trades at ~$195. How to Watch Milan vs. Atalanta Today. Stanley Freeman Druckenmiller is a hedge fund manager, philanthropist, and investor. Duquesne Family Office is a New York -based investment management firm, founded in 2010 by Stanley Druckenmiller. 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. 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. Joins PNC predecessor as stock analyst, later promoted to research chief. Among the top new positions were T-Mobile US, Inc. (NASDAQ:TMUS), The Home Depot, Inc. (NYSE:HD), General Electric Company (NYSE:GE), Mastercard Incorporated (NYSE:MA), Visa Inc. (NYSE:V), and QUALCOMM Incorporated (NASDAQ:QCOM). Exits 5. Prior to that, he managed George Soros's Quantum Fund between 1988 and 2000. He was born in Pittsburgh in 1953. 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. Shares started trading at ~$49 and currently goes for $18.92. for DUQUESNE FAMILY OFFICE LLC, Top 20 equal-weighted holdings. 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. You are limited to the prior 8 quarters of 13F filings. 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. We give you the access and tools to invest like a Wall Street money manager at a Main Street price. From 1988 to 2000, he managed money for George Soros as the lead portfolio manager for Quantum Fund. They married two different strands of investing. And in doing so, Druckenmiller has amassed a personal fortune of his own. 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 Family Office has met the qualifications for inclusion in . 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. Find company research, competitor information, contact details & financial data for Duquesne Capital Management LLC of Pittsburgh, PA. Get the latest business insights from Dun & Bradstreet. This company is the number 1 company in his portfolio having 2.64M shares. New York University Langone Medical Center. Last week Boston-based Highfields Capital co-founder Richard Grubman said he was retiring. 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. Real Time Net Worth. He started hedge fund firm Duquesne Capital Management in 1986, delivering 30% returns annually before converting it into a family office in 2010. This is the DUQUESNE CAPITAL MANAGEMENT L L C company profile. Senior Property Tax Specialist. 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. Marries Fiona Biggs, niece of Barton Biggs, at home of Jack Dreyfus. Since the end of 2015, the fund is down about 18% through the third quarter, even as global stocks have returned 45%. Returns of mid-teens from 2011 to 2017 . The holdings are concentrated with recent 13F reports showing around 50 positions, many of which are very small. Sorry, no results has been found matching your query. Booking Holdings (BKNG): BKNG is a 3.73% of the portfolio stake established in Q1 2021 at prices between ~$1886 and ~$2462 and the stock is now at ~$2262. There was a ~63% reduction over the last two quarters at prices between ~$236 and ~$305. Druckenmiller, 57, said he was tired of the stress of managing money for others and frustrated by his failure in the past three years to match returns that had averaged 30 percent annually since 1986. PointState has fared worse than many of its peers. Stakes in publicly traded companies are valued using the share's most recent closing price. Warren Buffett has been investing and compounding for at least 65 years. The elimination this quarter was at prices between ~$226 and ~$385. The buy price is calculated from the weighted average of all purchases since the last sell-out of the investor. 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). (Editing by Leslie Adler, Bernard Orr). Learn how to say Duquesne with EmmaSaying free pronunciation tutorials.Definition and meaning can be found here:https://www.google.com/search?q=define+Duquesne Suite 3200 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. It was rebuilt this quarter at prices between ~$204 and ~$303. LIMIT THE USE OF MY SENSITIVE PERSONAL INFORMATION. Please visit our Tracking Stanley Druckenmiller's Duquesne Portfolio series to get an idea of their investment philosophy and our previous update for the fund's moves during Q3 2021. Our Standards: The Thomson Reuters Trust Principles. SEC 13F filings are viewable for Duquesne Family Office going back to 2011. converted to U.S. dollars at current exchange rates Read Choose your news we will deliver. During his career, Mr. Druckenmiller, 57, hit many highs, perhaps none greater than heading the $10 billion bet by Mr. Soros against the British pound in 1992. 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. 1. As you can guess, Warren Buffetts #1 wealth building strategy is to generate high returns in the 20% to 30% range. This quarter saw the position sold down by ~80% at prices between ~$154 and ~$188. Stanley Druckenmillers 13F portfolio value decreased from $3.08B to $2.76B this quarter. Alphabet Inc. (GOOG): The large (top three) ~10% GOOG stake was established in Q4 2019 & Q1 2020 at prices between ~$1215 and ~$1521. Game Date: February 26, 2023 Game Time: 2:45 p.m. In this article, we discuss 10 dividend stocks to buy according to billionaire Stanley Druckenmiller's Duquesne Capital. There was a ~50% stake increase last quarter at prices between ~$28 and ~$44.50. The firm sold all of its 2,396 put contracts on the SPDR S&P 500 ETF , a . 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.. Reprints. Subscribe to WhaleWisdom to view all filing data 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. He moved to Pittsburgh full-time in 1986, when he was named head of the Dreyfus Fund. Yet Mr. Schreiber couldn't keep the original team in place. 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. Duquesne Capital had more than $12 billion in assets at the . At 09/30/2022: $1,763,329. 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. Next quarter saw a ~20% stake increase while in Q4 2020 there was a similar reduction. TV: fubo Sports Network (Canada) Live Stream: You can stream Milan . The next three quarters had seen the position reduced by ~85% at prices between ~$1100 and ~$1830. So, how did Warren Buffett manage to generate high returns and beat the market? The 13F portfolio value decreased ~11% from $3.08B to $2.76B this quarter. Tekne Capital Management LLC Financial Services New York, New York Druckenmiller joined Dreyfus Corp. in 1986 and was soon running its main Dreyfus Fund. [1] Druckenmiller is a graduate of Collegiate School, Richmond, Virginia. In November, seeking to replace money it had lost on trades and through redemptions, the firm opened to new investments. IBM Sues Former Top Thai Executive for . Coupang Inc. (CPNG): CPNG had an IPO in March. There were losses too. Duquesne Family Office's largest holding is Coupang Inc with shares held of 20,283,765. I am not receiving compensation for it (other than from Seeking Alpha). 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 . Duquesne Fund Services Executive Team & Key Decision Makers. A devoted Pittsburgh Steelers fan who routinely attends home games, Mr. Druckenmiller made an unsuccessful bid for the National Football League team in 2008. Mr. Samuelson will stay at PointState "for several months" during a transition, Mr. Schreiber said, and will remain an investor in the firm. There was a ~60% selling last quarter at prices between ~$339 and ~$382. 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. Download 13F Summary 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. Investments 6. [2] At the time of closing, Duquesne Capital had over $12 billion in assets. Q4 2019 saw a ~85% reduction at prices between ~$1740 and ~$1870. secretly invested like a closet index fund), Warren Buffett would have pocketed a quarter of the 37.4% excess return. As of 09/30/2022, below is a summary of the Duquesne Family Office LLC top holdings . The next three quarters saw a ~140% stake increase at prices between ~$150 and ~$232. Stanley Druckenmiller started the family office in Q4 2011 after closing his hedge fund Duquesne Capital in 2010. They add up to ~53% of the portfolio. Duquesne Capital Management, LLC initiated holding in StoneCo Ltd. 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. Several months later, he earned another $1 billion betting against the Swedish krona and later won shorting the Thai baht and Malaysian ringgit. 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