Billionaire Stanley Druckenmiller Pours $290,836,000 Into Two Assets, Exits Exposure To Three Major US Banks

Billionaire Stanley Druckenmiller is boosting his stake in a pair of Magnificent 7 shares whereas eliminating publicity to the banking business.

New filings present Duquesne Household Workplace bolstered its holdings in Alphabet (GOOGL) by 277% to 385,000 shares and its holdings in Amazon (AMZN) by 69% to 737,940 shares.

In the meantime, Druckenmiller exited positions in Citigroup (C), Financial institution of America (BAC), and Capital One (COF). The filings present that Duquesne Household Workplace dumped 989,250 shares of BAC, 514,850 shares of C and 43,920 shares of COF, bringing the agency’s complete to zero.

Different noteworthy shares that had been lower by Druckenmiller embody social media powerhouse Meta Platforms (META), previously referred to as Fb, sporting items retailer Dick’s Sporting Items (DKS) and the restaurant chain Texas Roadhouse (TXRH).

New inventory acquisitions embody Delta Air Strains (DAL), monetary companies titan Goldman Sachs (GS), and actual property big Zillow (Z).

In response to the information, Duquesne Household Workplace is value slightly below $4.5 billion as of the tip of final 12 months, up almost $500 million from the final quarter.

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