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. His investment philosophy is to adopt an active trading style similar to that of George Soros by holding long . $14.8 M. Employees. Location. 76.35% of the companies in his portfolio are profitable, with an average P/E ratio of 37.69x3. 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. Toronto is currently in ninth place, while Washington is in 10th, which means if the season ended today, both squads would be in . Senior Property Tax Specialist. 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. This quarter saw a minor ~3% stake increase. Duquesne Capital had more than $12 billion in assets at the . Overall, Purpose:\ The Operations Project Management office is responsible . Latest. Zoom Video (ZM):. duquesne capital returnsare there really purple owls. In Stanley Druckenmiller's current portfolio as of 2022-09-30, the top 5 holdings are Coupang Inc (CPNG), Eli Lilly . Date and time. Q4 2019 saw a ~85% reduction at prices between ~$1740 and ~$1870. Get our editors daily picks straight in your inbox! He declined to comment on his net worth through spokesman Shawn Pattison. Stanley Druckenmiller may be one of the greatest compounding money machines in history. From 1988 to 2000, he managed money for George Soros as the lead portfolio manager for Quantum Fund. In 1981, Druckenmiller founded his own firm Duquesne Capital Management. 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. A spokesman said the fund is off 5 percent this year as the average fund is up 1.52 percent. 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. 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. $6.4B. Duquesne Energy Servces LLC. 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. Druckenmiller's small 0.74% of the portfolio stake goes back to funding rounds prior to the IPO. Summary Investments People Signals & News. As of 09/30/2022, below is a summary of the Duquesne Family Office LLC top holdings . 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. . It earned the firm $1 billion and helped keep Britain out of Europes common currency union. ? His hedge fund track record is renowned on Wall Street, generating annualized returns of 30% during his investment career. Druckenmiller also managed money for George Soros from 1988 till 2000, as he was Portfolio Manager of Quantum Fund. The position was sold this quarter at prices between ~$182 and ~$286. Last week Boston-based Highfields Capital co-founder Richard Grubman said he was retiring. Teck Resources (TECK): TECK was a 2.47% of the portfolio position built in Q4 2020 at prices between ~$12.25 and ~$18.85. He is the former chairman and president of Duquesne Capital, which he founded in 1981. Duquesne Capital Management . They add up to ~53% of the portfolio. Bush). WSC is a 2.22% stake purchased at prices between ~$31.50 and ~$41 and it currently goes for $39.46. At the peak of the technology boom in 1999 and 2000, he made a big bet on Internet stocks. How will the DOLs finalized rules impact ESG investing? This is basically a recipe to generate better returns than Warren Buffett is achieving himself. 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%. Graduates from college preparatory school in Richmond, Virginia. The firm sold all of its 2,396 put contracts on the SPDR S&P 500 ETF , a . He started Duquesne Capital Management in 1981 with $1 million in various separate accounts. 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. Get our editors daily picks straight in your inbox! Coupa Software (COUP) and Reata Pharma (RETA): These two small (less than ~0.75% of the portfolio each) stakes were reduced this quarter. 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. 3-Year Annualized Return 3-Year Cumulative Return Rank Compared to other Funds; Top 20 Holdings Weighted Performance vs S&P500. I have had to recognize that competing in the markets over such a long time frame imposes heavy personal costs, he wrote. 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). Forbes magazine, in its 2009 ranking of the richest Americans, estimated his net worth at $3.5 billion. ZM was a ~1% of the portfolio position established last quarter at prices between ~$257 and ~$401. Our elite roster of entrepreneurial hedge funds and private asset managers leverages our expertise and technology to operationalize their investment strategies. New York University Langone Medical Center. We initially share this idea in October 2018 and the stock already returned more than 150%. secretly invested like a closet index fund), Warren Buffett would have pocketed a quarter of the 37.4% excess return. Moderna (MRNA): The ~1% MRNA position was purchased in Q2 2021 at prices between ~$130 and ~$235. 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). Mr. Druckenmiller declined to comment. for DUQUESNE FAMILY OFFICE LLC, Top 20 equal-weighted holdings. On one hand, the two fund managers placed large bets on global currencies and commodities by watching charts and focusing on political trends. This article is originally published at Insider Monkey. The six foot five inch student gained a reputation as an expert pool player who could practice because he didn't need to study for classes. As founder of Pittsburgh-based Duquesne Capital Management, Druckenmiller posted an average annual return of 30 percent without a single money-losing year. Performance numbers calculated through 2023-02-14. SEC form, multiple filers or classes of filers, and much more.***. Yet Mr. Schreiber couldn't keep the original team in place. 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. 13F filing from DUQUESNE FAMILY OFFICE LLC, enter your In 2010, he returned all of his investors' money and converted Duquesne into a family office. 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. His parents separated while he was in elementary school. [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. He follows a trend following trading style that is similar to George Soros. 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. Tenth Floor He worked for billionaire George Soros for more than a decade, making bets on currencies. I am not receiving compensation for it (other than from Seeking Alpha). The companies with the best profit margin in his portfolio are Bluebird bio Inc (1269.69%), followed by BioNTech SE(55.82%), and Moderna Inc (55.0%).5. The firm posted returns of more than 20% in both 2013 and 2014, when it made about $1 billion from a bet against oil. 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. I/we have a beneficial long position in the shares of ACAD, AMZN, CPNG, FB, GOOGL either through stock ownership, options, or other derivatives. 27. to see more advanced email alert options such as selecting any type of He and Soros famously "broke the Bank of England" when they shorted British pound sterling in 1992, reputedly making more than $1 billion in profits, in an event known as Black Wednesday. 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. 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. Free shipping for many products! [1] Druckenmiller is a graduate of Collegiate School, Richmond, Virginia. I wrote this article myself, and it expresses my own opinions. George Soros, right, with Stanley Druckenmiller in 2000, when Mr. Druckenmiller resigned as manager of the Quantum Fund. Back then they werent called hedge funds, they were called partnerships. In case the buy price of a purchase wasn't reported, the average price during the reported period is taken. They married two different strands of investing. There was a ~175% stake increase this quarter at prices between ~$24.60 and ~$46.30. Investment Banking Finance Lending & Brokerage Finance Venture Capital & Private Equity. In early 2019 he held large positions in Microsoft, Abbott Laboratories, Salesforce.com, Delta Airlines, and American Airlines. He continues to operate Duquesne as a family office in New York, where he lives with his wife. This quarter saw another ~15% stake increase at prices between ~$26 and ~$31. It lost 19% in 2018, in part from a wrong-way bet on oil stocks that tumbled in the fourth quarter. By the end of 2018, only he and Mr. Samuelson remained. Most of his money is managed through Duquesne Family Office, a New York-based investment group he started with $3 billion in 2010. I visted the Botanic Gardens, City Market, made . 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 . Quantum forced a devaluation, earning a profit of more than $1 billion. The buy price is calculated from the weighted average of all purchases since the last sell-out of the investor. Duquesne Capital Management provides its services to high net worth individuals and institutions. 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 service. and each individual billionaire profile contains a detailed analysis of how that person's fortune is tallied. 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. Microsoft Corporation (MSFT): MSFT is now a top-three ~10% of the portfolio position. In 2006, he ranked among the top earners in an industry where managers like Druckenmiller can collect a 20 percent performance fee. He closed the fund in August 2010. '"[7] Duquesne Capital Management posts an average annual return of 30 percent without any money-losing year. 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. There are 28 securities that are significantly large (more than ~0.5% of the portfolio each) and they are the focus of this article. See here for a complete list of exchanges and delays. There was a ~40% stake increase next quarter at prices between ~$18 and ~$23.75. Shares started trading at ~$37.50 and currently goes for $35.74. This is the DUQUESNE CAPITAL MANAGEMENT L L C company profile. 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. Duquesne Capital Management L L C is based out of Pittsburgh. Real Time Net Worth. Stanley Freeman Druckenmiller is a hedge fund manager, philanthropist, and investor. No. Live Nation Entertainment (LYV): The 1.27% of the portfolio LYV stake was purchased last quarter at prices between ~$75 and ~$94 and the stock currently trades well above that range at ~$118. He started hedge fund firm Duquesne Capital Management in 1986, delivering 30% returns annually before converting it into a family office in 2010. A devoted Pittsburgh Steelers fan who routinely attends home games, Mr. Druckenmiller made an unsuccessful bid for the National Football League team in 2008. Druckenmiller joined Dreyfus Corp. in 1986 and was soon running its main Dreyfus Fund. The stock is now at ~$87. News of his decision to close Duquesne was first reported by Bloomberg News. Duquesne Family Office's largest holding is Coupang Inc with shares held of 20,283,765. [8] Since then, he has concentrated full-time on Duquesne Capital. 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. Two years ago Daniel Benton shut down his firm. Warren Buffett never mentions this but he is one of the first hedge fund managers who unlocked the secrets of successful stock market investing. . Many of those investments . Listed on 2023-03-01. . Stanley Druckenmiller started the family office in Q4 2011 after closing his hedge fund Duquesne Capital in 2010. Anyone can read what you share. Steve Cohen's Point72 Has Gone Long GME: Point72 is a fund managed by Steve Cohen, who also owns the New York Mets. 2-5 years of relevant work experience. The first generation of benchmark commodity index products, led by the S&P GSCI Total Return Index, aim to capture roll returns in . Rocketreach finds email, phone & social media for 450M+ professionals. 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. Save . That gamble shook markets, forcing a major devaluation of the pound. Sorry, no results has been found matching your query. T-Mobile US (TMUS) & rights: The 3.35% TMUS stake was established in Q2 2020 at prices between ~$82 and ~$107. Coupang Inc. (CPNG): CPNG had an IPO in March. March 1, 2023. 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. As per the news at that time . Duquesne Family Office is a New York -based investment management firm, founded in 2010 by Stanley Druckenmiller. The stock is now well above that range at ~$622. AQUA, a Web3 community platform for gamers, has launched its flagship marketplace for trading in-game assets. 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. At 06/30/2022: $1,382,166. A premium alternative for hedge funds and private asset managers Duquesne Fund Services offers a rare level of consultative insight and premier fund servicing solutions. Duquesne Capital Management, LLC initiated holding in StoneCo Ltd. Duquesne Family Office is based out of New York. The change made by this company is -7.5k and the % change made by it is -0.29%. Warren Buffett took 25% of all returns in excess of 6 percent. In 2006, Druckenmiller gave $25 million to the organization. We take a closer look at hedge funds like Duquesne Family Office in order to identify their best and worst ideas. [2] At the time of closing, Duquesne Capital had over $12 billion in assets. 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. Stanley Druckenmillers 13F portfolio value decreased from $3.08B to $2.76B this quarter. Their last reported 13F filing for Q4 2022 included $2,020,266,796 in managed 13F securities 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 [] 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. Marries Fiona Biggs, niece of Barton Biggs, at home of Jack Dreyfus. 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.. I continue to care deeply about performing for our clients, and the stress of performing in a way that I consider to be disappointing -- even if you do not share that view -- persists in exacting a high emotional toll, with the result that I have concluded that this change is necessary, Druckenmiller told his investors. He indicated it was not easy to make big profits while handling very large sums of money. As per the news at that time . Listing for: Air Products. 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. Easily embed the chart on your blog or website it will always update As of February 23, 2023, 10:02 PM EST : Last . Bloomberg reporting. Duquesne's programs have won praise for innovation and continued high quality including accolades as a "first-tier university," "top 100 undergraduate school," and "Most Popular.". Disclosure: I/we have a beneficial long position in the shares of ACAD, AMZN, CPNG, FB, GOOGL either through stock ownership, options, or other derivatives. Duquesne Capital Management is an Investment Management company located in Pittsburgh, Pennsylvania with 13 employees. 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 Prior to that, he managed George Soros's Quantum Fund between 1988 and 2000. 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 ~$149. 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. Duquesne Family Office has met the qualifications for inclusion in . That was followed with a ~43% selling this quarter at prices between ~$470 and ~$568. The Operations Project Management office is responsible for the delivery of major capital projects safely, on time, on budget, and with high quality deliverables while following all related policies, procedures, and practices including those associated . the MV of securities sold, whichever is less, Create Email Alert, ***Log In or Assets climbed to a peak of $10 billion. 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. Stakes in publicly traded companies are valued using the share's most recent closing price. You can get rich by returning 20% per year and compounding that for several years. Chevron Inc. (CVX), Snap Inc. (SNAP), WillScot Mobile Mini (WSC), and Ingersoll Rand (IR): These are the new positions this quarter. 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