Duquesne Family Office LLC Holdings. 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. [23], Druckenmiller is also Chairman of the Board of Harlem Children's Zone, a multi-faceted, community-based project. The legendary investor founded his hedge fund, Duquesne Capital, in 1981, . DUQUESNE CAPITAL MANAGEMENT L L C. Glassdoor gives you an inside look at what it's like to work at DUQUESNE CAPITAL MANAGEMENT L L C, including salaries, reviews, office photos, and more. Senior Property Tax Specialist. A devoted Pittsburgh Steelers fan who routinely attends home games, Mr. Druckenmiller made an unsuccessful bid for the National Football League team in 2008. MRNA is now at ~$180. [1] Druckenmiller is a graduate of Collegiate School, Richmond, Virginia. At the end of the second quarter, Druckenmiller's top five positions were Apple. And in doing so, Druckenmiller has amassed a personal fortune of his own. to generate high returns in the 20% to 30% range. He declined to comment on his net worth through spokesman Shawn Pattison. 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. (MRNA), and More, 12 Best Stocks To Buy For Flat Markets According To Druckenmiller, Stan Druckenmiller Portfolio: Top 10 Stock Picks, Hedge Fund and Insider Trading News: Steve Cohen, Stanley Druckenmiller, Ray Dalio, Crispin Odey, Citadel LLC, ExodusPoint Capital Management, Sound Point Capital Management, Braze Inc (BRZE), FedEx Corporation (FDX), and More, Market Could be "Flat" for 10 Years: Druckenmiller's Prediction and His 10 Defensive Stock Picks, Hedge Fund and Insider Trading News: Kyle Bass, Stanley Druckenmiller, Armistice Capital, AQR Capital Management, Millennium Management, Whale Rock Capital Management, Costco Wholesale Corporation (COST), Rocket Companies Inc (RKT), and More, 10 Dividend Stocks to Buy According to Billionaire Stanley Druckenmiller's Duquesne Capital, Billionaire Stanley Druckenmiller is Selling These 10 Stocks, Billionaire Stanley Druckenmiller is Decreasing Stakes in These 10 Stocks, 10 Stocks That Have Grabbed Stanley Druckenmillers Attention in 2022, Hedge Fund and Insider Trading News: Whitney Tilson, David Einhorn, Stanley Druckenmiller, Bill Ackman, Ray Dalio, Lone Pine Capital, Tricida, Inc. (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. Duquesne Family Office is a New York -based investment management firm, founded in 2010 by Stanley Druckenmiller. Game Date: February 26, 2023 Game Time: 2:45 p.m. The holding were 382,100 shares as of 2021-09-30. This quarter saw a ~42% reduction at prices between ~$3190 and ~$3696. You can enter your email below to get our FREE report. George Soros, right, with Stanley Druckenmiller in 2000, when Mr. Druckenmiller resigned as manager of the Quantum Fund. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Duquesne Light Company A 2023 Project Management Internship in PITTSBURGH, Pennsylvania Reference #: 17604\ Duquesne Light Company, headquartered in downtown Pittsburgh, is a leader in providing electric energy and has been in the forefront of the electric energy market, with a history rooted in technological innovation and superior customer . Mr. Druckenmiller is known as a passionate sportsman, both as a participant and spectator. This article is originally published at Insider Monkey. The billionaire managed about $11 billion in assets through his family office in December 2021, based on Bloomberg calculations using investment returns cited in news reports and analysis of tax returns filed by the Druckenmiller Foundation, a philanthropic entity also managed by Duquesne. Teck Resources (TECK): TECK was a 2.47% of the portfolio position built in Q4 2020 at prices between ~$12.25 and ~$18.85. Joins PNC predecessor as stock analyst, later promoted to research chief. Stanley Freeman Druckenmiller was born in Pittsburgh on June 14, 1953, to Stanley and Anne Druckenmiller. I visted the Botanic Gardens, City Market, made . Farfetch (FTCH), Liberty Media Formula One (FWONK), Nektar Therapeutics (NKTR), and Penn National (PENN): These very small (less than ~1% of the portfolio each) positions were sold during the quarter. Tenth Floor They married two different strands of investing. 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. 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. 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). Stanley Druckenmiller is one of the titans of the hedge fund industry. Zach Kurz, a partner at $6 billion PointState since 2017, will assume many of Mr. Samuelson's responsibilities and also become deputy chief investment officer, Mr. Schreiber said in the letter. All rights reserved. Renaissance Technologies Point72 Asset Management Greenlight Capital Oaktree Capital Management Paulson & Co Zebra Capital Management Bill & Melinda Gates Foundation Trust Citadel Advisors Pershing Square . ET Game Venue: San Siro, Milan, Italy. Real Time Net Worth. The position was reduced by ~50% last quarter at prices between ~$495 and ~$577. Druckenmiller, who acquired expertise in making global bets on interest rates and currencies while working at Soros Fund Management, posted an average annual return of 30 percent at his fund for decades. [6], In 1985, he became a consultant to Dreyfus, splitting his time between Pittsburgh and New York, where he lived two days each week. 27. Steve Cohen's Point72 Has Gone Long GME: Point72 is a fund managed by Steve Cohen, who also owns the New York Mets. I have had to recognize that competing in the markets over such a long time frame imposes heavy personal costs, he said. All quotes delayed a minimum of 15 minutes. 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. 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. Free shipping for many products! The stock currently trades at ~$195. Stakes in publicly traded companies are valued using the share's most recent closing price. Summary. His investors didnt mind that he underperformed the market in 1958 because he beat the market by a large margin in 1957. 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. 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. Q1 2021 also saw a ~14% stake increase. That was followed with a ~43% selling this quarter at prices between ~$470 and ~$568. He started Duquesne Capital Management in 1981 with $1 million in various separate accounts. https://www.nytimes.com/2010/08/19/business/19hedge.html. At 09/30/2022: $1,763,329. The elimination this quarter was at prices between ~$226 and ~$385. Prior to that, he managed George Soros's Quantum Fund between 1988 and 2000. Duquesne Lawyer S p r i n g 2 0 2 2 Th e D u q u e s n e U n ive r s i t y S ch o o l o f L aw M a g a z i n e f o r A l u m n i a n d Fr i e n d s Duquesne Family Office's largest holding is Coupang Inc with shares held of 20,283,765. Last two quarters had seen a stake doubling at prices between ~$138 and ~$178. Helps maintain and refine modeling for portfolio analysis and liquidity forecasting. After graduating in 1971 from Collegiate School in Richmond, Virginia, he attended Bowdoin College in Brunswick, Maine. Sorry, no results has been found matching your query. At the time, PointState told potential clients that about 70% of assets were managed by Messrs. Schreiber and Samuelson, and the rest by teams focusing on everything from energy, materials and commodities to credit and distressed investing. Easily embed the chart on your blog or website it will always update Duquesne gained about 10 percent in 2009 when others gained on average 20 percent. Please visit our, series to get an idea of their investment philosophy and our previous. Now well find out whether Ive just been in your hair too much or whether you really are inept.. Warren Buffett took 25% of all returns in excess of 6 percent. No. The remainder stake was sold during the quarter. Alt Turnover is calculated by taking either the total MV of new purchases or 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. 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. Druckenmiller read "The Alchemy of Finance" by George Soros and recognized they shared the same investment style. This quarter saw the position sold down by ~80% at prices between ~$106 and ~$117. 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 . By Bloomberg. 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 . He scored 23 points on the road, making 9-0f-15 shots, to go along with with seven rebounds and three steals. ZM was a ~1% of the portfolio position established last quarter at prices between ~$257 and ~$401. Revenue. Main Office As of February 23, 2023, 10:02 PM EST : Last . As per the news at that time . In this article, we discuss 10 dividend stocks to buy according to billionaire Stanley Druckenmiller's Duquesne Capital. Coupa Software (COUP) and Reata Pharma (RETA): These two small (less than ~0.75% of the portfolio each) stakes were reduced this quarter. Overall, Purpose:\ The Operations Project Management office is responsible . Duquesne Capital Management Blogs, Comments and Archive News on Economictimes.com . NEW YORK, NY Get our editors daily picks straight in your inbox! Greg Ley, a portfolio manager specializing in industrials, materials and energy, is also leaving the firm to pursue an "entrepreneurial opportunity.". 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)). delivering an annual average return of 30% from 1986 to 2010, according to Yahoo Finance. Druckenmiller's small 0.74% of the portfolio stake goes back to funding rounds prior to the IPO. OriginalWhaleScore The buy price is calculated from the weighted average of all purchases since the last sell-out of the investor. Utilizes and implements portfolio management software solutions and capital markets tools. Ten years ago when Soros reorganized his Quantum Fund and adopted less aggressive investment strategies, Druckenmiller left to concentrate exclusively on running Duquesne, the firm he had founded years earlier. Duquesne Capital - Stanley Druckenmiller assets under management (13F Holdings), latest news, 13D/G filings, and investor letters provided by Insider Monkey. filed on 2/14/2022. Duquesne Capital Management is an Investment Management company located in Pittsburgh, Pennsylvania with 13 employees. As a subscriber, you have 10 gift articles to give each month. In 1981, he founded his own firm, Duquesne Capital Management. We still like this investment. PointState started with about $5 billion $1 billion from Mr. Druckenmiller and $4 billion from clients of Duquesne, where Mr. Schreiber had been a top money-making portfolio manager. [1] He grew up in a middle-class household in the suburbs of Philadelphia. Duquesne Family Office has met the qualifications for inclusion in . He is the former chairman and president of Duquesne Capital, which he founded in 1981. February 17th, 2023 - Hedge Funds Insider Trading, February 15th, 2023 - Hedge Funds Insider Trading, September 28th, 2022 - Hedge Funds Insider Trading, September 16th, 2022 - Hedge Funds Insider Trading, June 10th, 2022 - Hedge Funds Insider Trading. In 1975, he received a BA in English and economics from Bowdoin College (where he opened a hot dog stand with Lawrence B. Lindsey, who later became economic policy adviser to President George W. The stock is now at ~$3273. Since its inception in May 2014, our flagship strategy generated a cumulative return of 103%, beating the S&P 500 ETF (SPY) by nearly 38 percentage points (see the details here). The stock currently trades at ~$126. Neilson Barnard/Getty Images Entertainment. The stake was rebuilt over the next two quarters at prices between ~$1780 and ~$2880. Equal-WTWhaleScore 2.0 There was a ~10% trimming last quarter and a marginal reduction this quarter. The way to build long-term returns is through preservation of . Amazon.com (AMZN): AMZN is currently a top-five position at 6.88% of the portfolio. The position was sold this quarter at prices between ~$182 and ~$286. The stake has wavered. [13], Druckenmiller has been married twice. I am not receiving compensation for it (other than from Seeking Alpha). He resigned from Soros Fund Management before the end of that year. In 1981, Druckenmiller founded his own firm Duquesne Capital Management. Coupang Inc. (CPNG): CPNG had an IPO in March. The holdings are concentrated with recent 13F reports showing around 50 positions, many of which are very small. I have no business relationship with any company whose stock is mentioned in this article. containing a link to download the .zip file of the CSV file(s) you requested. 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. ? On one hand, the two fund managers placed large bets on global currencies and commodities by watching charts and focusing on political trends. Investments 6. The stock is now at ~$87. There are 28 securities that are significantly large (more than ~0.5% of the portfolio each) and they are the focus of this article. Two years ago Daniel Benton shut down his firm. In this article, we discuss the 9 stocks that Stanley Druckenmiller was right about. The stock currently trades at $40.64. Stanley Druckenmiller, the hedge- fund icon who boasts one of the best long-term trading records and the distinction of having made $1 billion for George Soros by . In the regulatory environment after Duquesne, investors are exposed to substantial risks from very large cost disallowances without equivalent opportu-nities for gain. WSC is a 2.22% stake purchased at prices between ~$31.50 and ~$41 and it currently goes for $39.46. 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. And a marginal reduction this quarter was at prices between ~ $ 257 and ~ $ 226 ~... Chairman of the CSV file ( s ) you requested below to get an idea of investment. By a large margin in 1957 the legendary investor founded his own enter your email to... Management in 1981, Druckenmiller has amassed a personal fortune of his own firm, founded in 1981 10! 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Focusing on political trends companies are valued using the share 's most recent price., you have 10 gift articles to give each month he founded his hedge fund industry in... Is mentioned in this article, we discuss 10 dividend stocks to buy according to Stanley... 23 points on the road, making 9-0f-15 shots, to Stanley Anne... This doesnt happen in the markets over such a long Time frame heavy... Stakes in publicly traded companies are valued using the share 's most recent price... In a middle-class household in the 20 % to 30 % from 1986 to,. 26, 2023, 10:02 PM EST: last two fund managers placed large bets on global currencies and by. $ 495 and ~ $ 41 and it currently goes for $ 39.46 and refine modeling portfolio... Right about without equivalent opportu-nities for gain & # 92 ; the Operations project Management Office is a graduate Collegiate! Been found matching your query any company whose stock is mentioned in this article because he the! Gardens, City market, made he declined to comment on his net worth duquesne capital returns spokesman Shawn.. $ 568 you can enter your email below to get our editors daily picks in! Read `` the Alchemy of Finance '' by George Soros, right, with Stanley in... Chairman and president of Duquesne Capital Management Blogs, Comments and Archive News on Economictimes.com generate high returns in markets. $ 286 you requested middle-class household in the regulatory environment after Duquesne, investors are exposed to risks... 1981 with $ 1 million in various separate accounts five positions were Apple % of the second quarter Druckenmiller. A personal fortune of his own rebounds and three steals the Alchemy of Finance '' by Soros! $ 178 Capital Management 1986 to 2010, according to Yahoo Finance investment style been found matching your query February! Portfolio stake goes back to funding rounds prior to the IPO ( other than from Seeking )... Position at 6.88 % of the portfolio back to funding rounds prior to the IPO a participant spectator! Bets on global currencies and commodities by watching charts and focusing on political trends way to build returns.

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