Renowned billionaire Stanley Druckenmiller is increasing his investment in two top-performing stocks while reducing his exposure to the banking sector.
Recent reports reveal that Duquesne Family Office has raised its stake in Alphabet (GOOGL) by 277% to 385,000 shares and in Amazon (AMZN) by 69% to 737,940 shares.
Simultaneously, Druckenmiller has divested from Citigroup (C), Bank of America (BAC), and Capital One (COF). The filings indicate that Duquesne Family Office has sold off 989,250 shares of BAC, 514,850 shares of C, and 43,920 shares of COF, completely exiting these positions.
Other notable stocks that were trimmed from Druckenmiller’s portfolio include social media giant Meta Platforms (META), previously known as Facebook, sports retailer Dick’s Sporting Goods (DKS), and restaurant chain Texas Roadhouse (TXRH).
New additions to the portfolio include Delta Air Lines (DAL), financial powerhouse Goldman Sachs (GS), and real estate magnate Zillow (Z).
Based on the data, Duquesne Family Office is valued at just under $4.5 billion as of the end of the previous year, marking an increase of nearly $500 million from the previous quarter.
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