Billionaire investor Stanley Druckenmiller has made significant moves in his portfolio, increasing his stake in two tech giants while divesting from major US banks.
Duquesne Family Office, Druckenmiller's firm, has substantially boosted its holdings in Alphabet (GOOGL) by 277%, now holding 385,000 shares. Additionally, the firm increased its Amazon (AMZN) stake by 69% to 737,940 shares.
Concurrently, Druckenmiller has completely exited positions in Citigroup (C), Bank of America (BAC), and Capital One (COF). The firm offloaded nearly one million shares of BAC, over half a million shares of C, and a notable amount of COF, reducing these holdings to zero.
Other exits from the portfolio include Meta Platforms (META), Dick's Sporting Goods (DKS), and Texas Roadhouse (TXRH). New acquisitions include Delta Air Lines (DAL), Goldman Sachs (GS), and Zillow (Z).
Duquesne Family Office's total value stands at just under $4.5 billion, reflecting a nearly $500 million increase in the last quarter.