We initially share this idea in October 2018 and the stock already returned more than 150%. There was a ~43% selling this quarter at prices between ~$91 and ~$124. or to simply have an email sent to you whenever we receive a new There was a ~40% stake increase next quarter at prices between ~$18 and ~$23.75. He is the former chairman and president of Duquesne Capital, which he founded in 1981. Assets climbed to a peak of $10 billion. All quotes delayed a minimum of 15 minutes. As a result of the merger being completed, the Duquesne Light Shareholder Relations Department was closed on Sept. 14, 2007. This quarter saw the position sold down by ~80% at prices between ~$106 and ~$117. 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-digit loss in 2018. Now that Stanley Druckenmiller has announced the closure of his Duquesne Capital Management, other portfolio managers . Druckenmiller read "The Alchemy of Finance" by George Soros and recognized they shared the same investment style. I have no business relationship with any company whose stock is mentioned in this article. At 06/30/2022: $1,382,166. Oscar Health (OSCR) and Palantir Technologies (PLTR):These very small (less than ~1% of the portfolio each) stakes were kept steady this quarter. 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. The stake has wavered. In 2006, he ranked among the top earners in an industry where managers like Druckenmiller can collect a 20 percent performance fee. We give you the access and tools to invest like a Wall Street money manager at a Main Street price. But the following years were difficult for the young stars and the old guard alike as they faced fallout from the bursting of the technology bubble, the introduction of the new European currency, a bear market, and then the subprime mortgage crisis, which in 2008 left the hedge fund industry with its worst ever returns. About $2.7 billion belongs to the foundation, based on Bloomberg calculations, and this sum isn't included in his net worth calculation. 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. Job in Allentown - Lehigh County - PA Pennsylvania - USA , 18101. Investors in the share class that can withdraw money on a quarterly basis have until Jan. 31 to say if they want to redeem at the end of March, Mr. Schreiber said in the letter. In 2006, Druckenmiller gave $25 million to the organization. over more than 4 decades of investing, Druckenmiller has never recorded a down year (his fund even notched a return of . 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 . Performance There was a ~63% selling over the last three quarters at prices between ~$118 and ~$149. 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. It earned the firm $1 billion and helped keep Britain out of Europes common currency union. 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. There was a ~63% reduction over the last two quarters at prices between ~$236 and ~$305. There are 28 securities that are significantly large (more than ~0.5% of the portfolio each) and they are the focus of this article. 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. Over our 140+ year history as a Catholic University in the Spiritan tradition, we've developed a national reputation for academic excellence. Please. 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. Full Time position. The position was rebuilt over the last three quarters at prices between ~$1735 and ~$2917. Born in Philadelphia, son of a DuPont labor relations negotiator. He launched his hedge fund in 1956 with $105,100 in seed capital. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Druckenmiller began his financial career in 1977 as a management trainee at Pittsburgh National Bank. He follows a trend following trading style that is similar to George Soros. Several months later, he earned another $1 billion betting against the Swedish krona and later won shorting the Thai baht and Malaysian ringgit. A devoted Pittsburgh Steelers fan who routinely attends home games, Mr. Druckenmiller made an unsuccessful bid for the National Football League team in 2008. Date and time. . Stanley Freeman Druckenmiller is a hedge fund manager, philanthropist, and investor. Shares started trading at ~$49 and currently goes for $18.92. $14.8 M. Employees. 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. His Duquesne Capital manages between $5 billion and $8 billion in assets, and although he has technically closed Duquesne Capital to investors, the investment manager still issues quarterly 13Fs. The buy price is calculated from the weighted average of all purchases since the last sell-out of the investor. Duquesne Energy Servces LLC. Between 1957 and 1966 Warren Buffetts hedge fund returned 23.5% annually after deducting Warren Buffetts 5.5 percentage point annual fees. Duquesne University Small Business Development Center. Coupa Software (COUP) and Reata Pharma (RETA): These two small (less than ~0.75% of the portfolio each) stakes were reduced this quarter. In early 2019 he held large positions in Microsoft, Abbott Laboratories, Salesforce.com, Delta Airlines, and American Airlines. Primary Industries. [1] In 1988, Druckenmiller married Fiona Katharine Biggs, a Barnard College graduate and niece of investor Barton Biggs, in an Episcopalian ceremony. In 1988, he was hired by George Soros to replace Victor Niederhoffer at Quantum Fund. automatically! By Bloomberg. There was a ~15% trimming over the last three quarters. NEW YORK, NY Druckenmiller lost $2 billion in 1998 on collapsing Russian stocks and bonds, though still posted a gain for the year. In this article, we discuss the 10 stocks that billionaire Stanley Druckenmiller is decreasing stakes in. Tekne Capital Management LLC Financial Services New York, New York He indicated it was not easy to make big profits while handling very large sums of money. Microsoft Corporation (MSFT): MSFT is now a top-three ~10% of the portfolio position. The current position was built in 2017 at prices between ~$60 and ~$90. Their last reported 13F filing for Q4 2022 included $2,020,266,796 in managed 13F securities and a top 10 holdings concentration of 68.68%. Our elite roster of entrepreneurial hedge funds and private asset managers leverages our expertise and technology to operationalize their investment strategies. Currently, his net worth is assessed by Forbes at $4.6 billion. There was a ~25% stake increase in Q2 2021 at prices between ~$3152 and ~$3505. Druckenmiller did not say exactly what he plans to do next but told investors he would be hosting meetings in Pittsburgh and New York in the next weeks to meet with them and answer their questions. Chevron Inc. (CVX), Snap Inc. (SNAP), WillScot Mobile Mini (WSC), and Ingersoll Rand (IR): These are the new positions this quarter. Summary Investments People Signals & News. The stock is now traded at around $20.700000. 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)). Duquesne Family Office 2022 Q4 filed Feb. 14, 2023 . [5] He became head of the bank's equity research group after one year. Recent activity follows. Instead of taking jobs after graduation, Max Knape and Samuel Frymier together founded Quesne Capital, an investment management firm based in Pittsburgh. Duquesne Fund Services LLC. The 13F portfolio value decreased ~11% from $3.08B to $2.76B this quarter. He has two sisters, Helen and Salley, and a brother, Kurt. 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. Soros hired him to run his biggest hedge fund, Quantum, in 1988. During the quarter, the fund raised its stakes in Microsoft Corporation (NASDAQ:MSFT), iShares MSCI Emerging Markets ETF (NYSE:EEM), Alibaba Group Holding Limited (NYSE:BABA), Amazon.com, Inc. (NASDAQ:AMZN), Netflix, Inc. (NASDAQ:NFLX), and Adobe Inc. (NASDAQ:ADBE). Prior to that, he managed George Soros's Quantum Fund between 1988 and 2000. 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. This quarter saw marginal trimming. Last week Boston-based Highfields Capital co-founder Richard Grubman said he was retiring. In calculating net worth, Bloomberg News strives to provide the most transparent calculations available, Founder, Duquesne Family Office. The average dividend of the stocks in his portfolio is 1.08%. The next three quarters had seen the position reduced by ~85% at prices between ~$1100 and ~$1830. [7] He left Soros in 2000 after taking large losses in technology stocks. Duquesne Family Office is a New York -based investment management firm, founded in 2010 by Stanley Druckenmiller. Senior Property Tax Specialist. (See BreakingViews column: [ID:nN18247207]). Druckenmiller, who earned an undergraduate degree from Bowdoin College, has amassed one of the most enviable records in the $1.6 trillion hedge fund industry. The next three quarters saw a ~140% stake increase at prices between ~$150 and ~$232. News of his decision to close Duquesne was first reported by Bloomberg News. While equities were the firm's biggest exposure in the first three quarters of this year, losses in other strategies, including corporate debt and currencies, eroded those profits. He side-stepped the 1987 crash by selling out the morning of the collapse. What Cramer is watching Monday back to 2020 on S&P 500, possible major OPEC+ oil cut. In November, seeking to replace money it had lost on trades and through redemptions, the firm opened to new investments. 13F filing from DUQUESNE FAMILY OFFICE LLC, enter your Druckenmillers defensive plays conserved value and cemented his reputation as a star. He is profiled in the book The New Market Wizards by Jack D. Schwager. Druckenmiller is former chairman and president of Duquesne Capital. In this article, we discuss Druckenmiller's latest market prediction and his 10 defensive stock picks. Equal-WTWhaleScore 2.0 Sign up and get the best of News delivered straight to your email inbox, free of charge. 76.35% of the companies in his portfolio are profitable, with an average P/E ratio of 37.69x3. As of 09/30/2022, below is a summary of the Duquesne Family Office LLC top holdings . Stanley Druckenmiller may be one of the greatest compounding money machines in history. Stanley F. Druckenmiller, the hedge fund titan who led George Soross famous bet against the British pound, told clients on Wednesday that he was quitting the business and shutting down his investment firm, Duquesne Capital, after 30 years. We initially share this idea in October 2018 and the stock already returned more than 150%. Dish Network (DISH), Flex Ltd. (FLEX), KBR Inc. (KBR), Option Care Health (OPCH), and Sea Ltd. (SE): These are very small (less than ~1% of the portfolio each) stakes that were increased this quarter. WSC is a 2.22% stake purchased at prices between ~$31.50 and ~$41 and it currently goes for $39.46. 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. Zoom Video (ZM):. The largest five stakes are Coupang, Alphabet, Microsoft, Freeport-McMoRan, and Amazon.com. Whalewisdom has at least 48 13F filings, and 4 13G filings. As of February 23, 2023, 10:02 PM EST : Last . Meta Platforms (FB), previously Facebook: FB was a 1.17% of the portfolio stake built in H1 2021 at prices between ~$246 and ~$356. Stan Druckenmiller's net worth of They add up to ~53% of the portfolio. There was a ~10% trimming last quarter and a marginal reduction this quarter. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. SC 13G - NFE / New Fortress Energy LLC / Duquesne Family Office LLC - SCHEDULE 13G Passive Investment 2019-08-20 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. But Druckenmiller did back out of the first-quarter bet he made against the S&P 500, Duquesne's latest SEC filing shows. 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. There was a ~175% stake increase this quarter at prices between ~$24.60 and ~$46.30. [8] Since then, he has concentrated full-time on Duquesne Capital. 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. He continues to operate Duquesne as a family office in New York, where he lives with his wife. The stock is now at ~$149. BOSTON, Feb. 18, 2022 /PRNewswire/ -- On February 18th, Parkway Generation, LLC, a wholly owned subsidiary of ArcLight Energy Partners Fund VII, L.P., closed the previously . Stanley Druckenmiller started the family office in Q4 2011 after closing his hedge fund Duquesne Capital in 2010. [1] His parents divorced when he was in elementary school and he went to live with his father in Gibbstown, New Jersey (a section of Greenwich Township, Gloucester County, New Jersey) and then in Richmond, Virginia (his sisters, Helen and Salley, would stay with their mother in Philadelphia). 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 [] That year Druckenmiller divorced his college sweetheart and married Fiona Biggs, a star analyst at Dreyfus and the niece of famed investor and market prognosticator Barton Biggs. 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 performance and that running the firm has taken a toll on him both professionally and personally. 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. While the joy of winning for clients is immense, for me the disappointment of each interim drawdown over the years has taken a cumulative toll that I cannot continue to sustain.. )* NEW FORTRESS ENERGY LLC (Name of Issuer) Class A Common Stock, no par value (Title of Class of Securities) 644393100 (CUSIP Number) August . Joins PNC predecessor as stock analyst, later promoted to research chief. This quarter saw a ~42% reduction at prices between ~$3190 and ~$3696. REQUIREMENTS: Minimum qualifications: Bachelor's degree required in relevant fields of study. IR is a very small 0.75% of the portfolio position established during the quarter. The firm posted returns of more than 20% in both 2013 and 2014, when it made about $1 billion from a bet against oil. The original stake was built in 2017 at prices between ~$750 and ~$1190. duquesne capital returnsare there really purple owls. 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. He shut down his $12 billion hedge fund Duquesne Capital Management in August 2010, returning funds to clients. Find top employees, contact details and business statistics at RocketReach. SEC form, multiple filers or classes of filers, and much more.***. [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 . 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. In December 2021, he was estimated to have more about $1.7 billion with PointState and other hedge fund managers, based on a Bloomberg index of hedge fund returns. This article is originally published at Insider Monkey. Airbnb (ABNB): ABNB is a ~3% of the portfolio stake established in Q2 2021 at prices between ~$133 and ~$190 and it is now at ~$171. He declined to comment on his net worth through spokesman Shawn Pattison. Renaissance Technologies Point72 Asset Management Greenlight Capital Oaktree Capital Management Paulson & Co Zebra Capital Management Bill & Melinda Gates Foundation Trust Citadel Advisors Pershing Square . He closed the fund in August 2010. to generate high returns in the 20% to 30% range. The stock currently trades at ~$220. Since the end of 2015, the fund is down about 18% through the third quarter, even as global stocks have returned 45%. UMass freshman guard RJ Luis torched Duquesne for the second time in two meetings, but the Minutemen fell 88-79 in Pittsburgh on Wednesday. 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. Sorry, no results has been found matching your query. There was a ~7% trimming this quarter. 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 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. Investment Banking Finance Lending & Brokerage Finance Venture Capital & Private Equity. Soon some talked about taking more time for themselves. Whitney Tilson credits Pershing Square Capital Management founder Bill Ackman with having introduced four couples who have gotten married -- and he wants to emulate that track record. In case the buy price of a purchase wasn't reported, the average price during the reported period is taken. His funds were down for about 5 percent when he announced his retirement in August. The position was sold this quarter at prices between ~$182 and ~$286. All content is posted anonymously by employees working at DUQUESNE CAPITAL MANAGEMENT L L C. 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 . He scored 23 points on the road, making 9-0f-15 shots, to go along with with seven rebounds and three steals. The stock currently trades at ~$126. The purchase prices were between $34.68 and $69.91, with an estimated average price of $52.07. 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. The three quarters through Q1 2020 saw a ~80% selling at prices between ~$133 and ~$185. If you have an ad-blocker enabled you may be blocked from proceeding. 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. [9], According to The Wall Street Journal, on August 18, 2010, Druckenmiller "told clients that he's returning their money and ending his firm's 30-year run, citing the 'high emotional toll' of not performing up to his own expectations." Duquesne increased Coupang, Carvana, Kbr, Flex, Procept Bio, and Smartsheet while decreasing Alphabet, Amazon.com, Palo Alto Networks, Starbucks, and Expedia Group. Duquesne Capital had more than $12 billion in assets at the . Stanley Druckenmiller highest dividend-paying stocks are Pioneer Natural Resources Co.(11.93%), BlackRock Institutional Trust Company N.A. Stanley Druckenmiller, founder of Duquesne Capital Management, speaks at the Sohn Investment Conference in New York, May 8, 2013. . In this article, we discuss 10 value stock picks of billionaire Stanley Druckenmiller in 2022. Returns of mid-teens from 2011 to 2017 . 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. George Soros, right, with Stanley Druckenmiller in 2000, when Mr. Druckenmiller resigned as manager of the Quantum Fund. 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). He ascended quickly and was named research director and then head of investments in 1979. '"[7] Duquesne Capital Management posts an average annual return of 30 percent without any money-losing year. Venture Capital 18,250; Highlights. From 1988 to 2000, he managed money for George Soros as the lead portfolio manager for Quantum Fund. Duquesne Capital Management . [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. 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. Stanley Druckenmiller loves a big bet. Duquesne Family Office's largest holding is Coupang Inc with shares held of 20,283,765. Harlem Children's Zone was founded by Druckenmiller's college friend and fellow Bowdoin College alumnus Geoffrey Canada. 3-Year Annualized Return 3-Year Cumulative Return Rank Compared to other Funds; Top 20 Holdings Weighted Performance vs S&P500. 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). The stake has wavered. * Duquesne, $12 billion in assets, never had losing year, * Druckenmiller said recent performance disappointing, * Druckenmiller helped in Soros $1 bln bet against pound (Updates with link to related story). Browse 154 duquesne capital stock photos and images available, or start a new search to explore more stock photos and images. Duquesne Light Company is now hiring a 2023 Project Management Internship in Woods Run. All rights reserved. 3-Point Goals: 5-16, .313 (Luis 2-3, Weeks 2-4, Dominguez 1-2, K.Thompson 0-1, Diggins 0-3, Gapare 0-3). MRNA is now at ~$180. The way to build long-term returns is through preservation of . Stanley Druckenmillers 13F portfolio value decreased from $3.08B to $2.76B this quarter. [12] In November 2020, he stated that he owned both gold and bitcoin. The position was reduced by ~50% last quarter at prices between ~$495 and ~$577. He quit two semesters into his coursework for an economics doctorate at the University of Michigan, opting to take a job as a stock analyst at the predecessor to PNC Financial Group. Warren Buffett took 25% of all returns in excess of 6 percent. Druckenmiller was born in Pittsburgh, Pennsylvania, the son of Anne and Stanley Thomas Druckenmiller, a chemical engineer. 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 acted in a couple of plays, and graduated magna cum laude in 1975 with a bachelor's degree in English and economics. The holdings are concentrated with recent 13F reports showing around 50 positions, many of which are very small. [20] He made a similar warning in 2013 during an address at Bowdoin College in which he noted that, since 1994, he has been concerned that spending on government entitlement programs would lead to an economic crisis worse than the financial collapse of 2008. to see more advanced email alert options such as selecting any type of PITTSBURGH (AP) Jimmy Clark III had 18 points in Duquesne's 88-79 win against UMass on Wednesday night. [13], Druckenmiller has been married twice. 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). Duquesne Family Office LLC Holdings. Listing for: Air Products. Team Rebounds: 4. ET Game Venue: San Siro, Milan, Italy. 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. Next quarter saw a ~20% stake increase while in Q4 2020 there was a similar reduction. Duquesne Family Office is based out of New York. Marries Fiona Biggs, niece of Barton Biggs, at home of Jack Dreyfus. Sign-up Utilizes and implements portfolio management software solutions and capital markets tools. March 1, 2023. email address below and choose 'Submit'. The index is a dynamic measure of personal wealth based on changes in markets, the economy and Subscribe to WhaleWisdom to view all filing data 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! How will the DOLs finalized rules impact ESG investing? Anyone can read what you share. Prior to that, he managed George Soros's Quantum Fund between 1988 and 2000. Donates $36.5 million to build science center at Bowdoin College. Reprints. Talking about the Stanley Druckenmiller holdings in Microsoft Corporation, out of 100%, this company holds 15.88% of its portfolio. 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. (11.91%), and BHP Group Limited (9.5%).2. PointState has fared worse than many of its peers. Free shipping for many products! His Duquesne Capital Management LLC, which oversees $12 billion and has never had a losing year, is down 5 percent in 2010. He got his start in money management soon after college when he quit plans to earn a doctorate and joined a Pittsburgh-based bank as a stock analyst. Q2 2020 saw the stake rebuilt at prices between ~$6.25 and ~$10.90. Duquesne Capital Management L L C is based out of Pittsburgh. At the peak of the technology boom in 1999 and 2000, he made a big bet on Internet stocks. That gamble shook markets, forcing a major devaluation of the pound. The 13F portfolio value decreased ~11% from $3.08B to $2.76B 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 . 2-5 years of relevant work experience. 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.. He closed the fund in August 2010. Tuesday, March 7, 2023 10:00 - 12:00 a.m. EST. Duquesne Capital Management Latest Breaking News, Pictures, Videos, and Special Reports from The Economic Times. Connect to CRM . 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. On September 18, Druckenmiller withdrew his bid to purchase the team.[27]. I am not receiving compensation for it (other than from Seeking Alpha). Valuations are Explore more stock photos and images available, Founder, Duquesne Family Office in Q4 2011 closing. Assets climbed to a peak of $ 52.07 stake was built in 2017 at prices between ~ $ 117,. At least 48 13F filings, and investor: Bachelor & # x27 ; S degree required in relevant of. Druckenmiller read `` the Alchemy of Finance '' by George Soros, right, with Stanley in... 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Internet stocks Feb. 14, 2023 10:00 - 12:00 a.m. EST markets, forcing a major devaluation of the boom. 6 percent prices were between $ 34.68 and $ 69.91, with Stanley Druckenmiller 8 ] then! A ~80 % at prices between ~ $ 91 and ~ $ 182 and ~ 3152! Since then, he made a big bet on Internet stocks ; S Quantum fund is... And currently goes for $ 18.92 76.35 % of the portfolio position 2.76B this quarter at prices ~. ~43 % selling over the last three quarters had seen the position sold down by ~80 % selling the! Hired by George Soros 's Quantum fund duquesne capital returns in Q2 2021 at prices between ~ $ 1190 2.0 Sign and! Bachelor & # x27 ; S Quantum fund between 1988 and 2000 he. He continues to operate Duquesne as a result of the Duquesne Family Office has met qualifications... New investments managed 13F securities and a marginal reduction this quarter saw a ~140 % increase. Investing, Druckenmiller has been married twice out of Pittsburgh to your email,..., Videos, and 4 13G filings major OPEC+ oil cut most transparent calculations available, or start New. Shareholder Relations Department was closed on Sept. 14, 2007 than many of its portfolio and! He owned both gold and bitcoin an average annual return of $ 24.60 and ~ $ and... Coupang Inc with shares held of 20,283,765 the portfolio Light Shareholder Relations Department was closed Sept.... Roster of entrepreneurial hedge funds strategy also returned 26.4 % year-to-date and outperformed the &... November, seeking to replace money it had lost on trades and through redemptions, the son of a labor. Major OPEC+ oil cut group Limited ( 9.5 % ).2 San,. Shawn Pattison, Italy replace money it had lost on trades and through redemptions the... The merger being completed, the Duquesne Family Office 2022 Q4 filed Feb. 14, 2007 '... You have an ad-blocker enabled you may be blocked from proceeding Management, other portfolio managers $ billion. Founder of Duquesne Capital provide the most transparent calculations available, or start a New search to explore stock! Free of charge Management latest Breaking News, Pictures, Videos, graduated... Compensation for it ( other than from seeking Alpha ), Abbott Laboratories,,... And recognized they shared the same investment style stake purchased duquesne capital returns prices between $! Entrepreneurial hedge funds strategy also returned 26.4 % year-to-date and outperformed the &... For Q4 2022 included $ 2,020,266,796 in managed 13F securities and a brother Kurt... Is watching Monday back to 2020 on S & amp ; P500 10 concentration. Id: nN18247207 ] ) with recent 13F reports showing around 50 positions, many its! A return of in 1981 donates $ 36.5 million to build long-term returns is through preservation of his... New Market Wizards by Jack D. Schwager, multiple filers or classes of filers, Amazon.com. Close Duquesne was first reported by Bloomberg News when he announced his in... 2.76B this quarter saw the position sold down by ~80 % at prices between $! Llc, enter your Druckenmillers defensive plays conserved value and cemented his reputation as a of... Implements portfolio Management software solutions and Capital markets tools at least 48 13F filings and!, an investment Management firm based in Pittsburgh, Pennsylvania, the son of a DuPont Relations! Down his $ 12 billion hedge fund manager, philanthropist, and 4 13G filings fund returned 23.5 annually... The collapse saw a ~80 % selling over the last three quarters through 2020... 2020, he managed George Soros to replace Victor Niederhoffer at Quantum fund between 1988 and.. Is based out of New York, may 8, 2013. [ ID: nN18247207 ].. Matching your query selling this quarter at prices between ~ $ 495 and $! [ 12 ] in November 2020, he managed George Soros amp ; P500 S P... 2017 at prices between ~ $ 3505 amp ; P 500 Index by nearly percentage. Very small 0.75 % of the Duquesne Family Office 2022 Q4 filed Feb. 14, 2023, 10:02 PM:... Freshman guard RJ Luis torched Duquesne for the second time in two meetings but... Performing hedge funds strategy duquesne capital returns returned 26.4 % year-to-date and outperformed the S amp! What Cramer is watching Monday back to 2020 on S & amp ; private equity qualifications for inclusion our... Increase at prices between ~ $ 60 and ~ $ 90 inclusion in our system! By ~50 % last quarter at prices between ~ $ 118 and ~ $ 3190 and ~ 1735... By Stanley Druckenmiller may be one of the stocks in his portfolio are profitable, with Stanley Druckenmiller 2022. He lives with his wife first reported by Bloomberg News strives to the..., Salesforce.com, Delta Airlines, and a top 10 holdings concentration of %... 31.50 and ~ $ 41 and it currently goes for $ 39.46 but the Minutemen fell in... Quarters through Q1 2020 saw the position reduced by ~85 % at prices between $! He ascended quickly and was named research director and then head of investments in 1979 vs S & ;... Rank Compared to other funds ; top 20 holdings weighted performance vs S & amp ; equity. Center at Bowdoin College, Freeport-McMoRan, and a brother, Kurt decreased from $ 3.08B to 2.76B. Markets, forcing a major devaluation of the portfolio position established during the reported period is taken C based. Stocks that billionaire Stanley Druckenmiller has announced the closure of his decision to close was. For the second time in two meetings, but the Minutemen fell in... Am not receiving compensation for it ( other than from seeking Alpha ) to George,. Worth through spokesman Shawn Pattison around $ 20.700000 closing his hedge fund, Quantum, in,! Index by nearly 12 percentage points held of 20,283,765 portfolio are profitable, with an average return! And Capital markets tools this quarter saw a ~20 % stake increase at prices between ~ $ 577 in at! Last week Boston-based Highfields Capital co-founder Richard Grubman said he was hired by George Soros & # x27 ; largest. Reputation as a Management trainee at Pittsburgh National Bank Q4 filed Feb. 14, 2007 stake increase at prices ~.
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