Duquesne Capital CEO Stanley Druckenmiller has praised the Fed’s actions. So that the market could “follow data” and make good decisions, he said. “The bond market could once again serve as a useful economic signal,” warns Druckenmiller. Lockheed Martin Corporation and Sunrun Inc. were two of the best-performing stocks in his portfolio at the end of December 2021.
Here is Insider Monkey’s list of 10 new stock picks of billionaire Stanley Druckenmiller. Investment firm Ollie’s Bargain Outlet owns and operates discount retail stores. This position was opened by Duquesne Capital in the fourth quarter of 2021, consisting of 158,200 shares valued at over $8,000,000. Texas-based TaskUs, Inc. is an outsourcing service provider based in the state. The fund owns 181,000 shares of the company worth $9.7 million, or 0.35 percent of its market value. Brokerage services are offered by Compass, Inc. In the fourth quarter of 2021, Druckenmiller purchased a new stake in the company. These 399,100 shares worth $3.6 million represent 0.13 percent of the company’s total stock holdings. There are software products for the insurance industry available from Guidewire Software. Stockbridge Partners, an investment firm based in California, holds a significant stake in the business. Until the second quarter of 2020, Duquesne had not included the company in its portfolio. An online car retailer, Cazoo Group Ltd is a subsidiary of the company. The total value of the stake is $845,000. Insider Monkey’s database shows that 32 hedge funds had $312 million in stakes at the end of the third quarter of 2021. For more details, click 10 New Stock Picks Of Billionaire Stanley Druckenmiller.