Why Billionaire Stanley Druckenmiller Just Dumped Stocks From His Portfolio

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If Druckenmiller’s assessment is correct, the current stock market bubble is even larger than the dot-com bubble. During the fourth quarter, the renowned investor dumped Meta Platforms, Inc., Moderna, Inc., and Zoom Video Communications. When Duquesne Capital was closed to outside investors in 2010, its billionaire founder, Stanley Druckenmiller, was in charge. “Every asset on the planet” has been affected by this massive market bubble, he told Seth Klarman. A number of significant holdings were divested by the Druckenmiller family office in the fourth quarter, one of which was Meta Platforms, Inc. During the fourth quarter, Facebook’s long-term metaverse initiative lost an astonishing $10 billion. However, he lauded the Federal Reserve’s decision to abandon forward guidance.

Insider Monkey highlights why billionaire Stanley Druckenmiller just dumped 10 stocks from his portfolio. In the fourth quarter, Druckenmiller sold all 1 million shares of Nektar Therapeutics stock he had acquired in the previous year. According to those 24 funds, Maverick Capital had the largest stake in the company at the end of 2021. During the fourth quarter, Druckenmiller sold all of his shares in StoneCo Ltd., a Brazilian fintech company. Since the middle of 2021, shares have dropped by 83 percent. Because of the company’s disappointing third-quarter financial results, its stock price can’t entirely be blamed on external factors. Another short-lived position has been added to the 13F portfolio of Duquesne Capital. It’s been a rough year for investors in Farfetch Limited. In the fourth quarter, the family office sold all 629,470 shares of the company. Family office Druckenmiller sold all of its Liberty Media Formula One Series C holdings in the fourth quarter of last year. Druckenmiller’s family office isn’t as enthusiastic about the company’s management and untapped potential as hedge funds are. During the fourth quarter, Duquesne Capital sold its 1.04 million shares of Teck Resources Ltd. (USA). With 41 funds as shareholders at the end of 2021, the Canadian mining company is close to its all-time high in hedge fund ownership. For more details, click Why Billionaire Stanley Druckenmiller Just Dumped 10 Stocks From His Portfolio.

 

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