Stanley Druckenmiller Biography
Stanley Druckenmiller born ( Stanley Freeman Druckenmiller ) is an American investor, hedge fund manager and philanthropist. He is the former chairman and president of Duquesne Capital, which he founded in 1981. He closed the fund in August 2010 because he felt unable to deliver high returns to his clients. At the time of closing, Duquesne Capital had over $12 billion in assets.
Stanley Druckenmiller Net worth / Salary
His total net worth is around $ 20 million dollars as of 2019, concerning his salary, there is no doubt that he is earning good pay from his career. More information will be updated soon regarding any changes.
Stanley Druckenmiller Books
Inside the House of Money
Stan may be the greatest moneymaking machine in history. He has Jim Roger’s analytical ability, George Soros’s trading ability, and the stomach of a riverboat gambler when it comes to placing his bets. His lack of volatility is unbelievable. I think he’s had something like five down quarters in 25 years and never a down year. The Quantum record from 1989 to 2000 is really his. The assets grew from $1 billion to $20 billion over that time and the performance never suffered.
Soros’s record was made on a smaller amount of money at a time when there were fewer hedge funds to compete against. What is most interesting to me about the breaking of the pound was the combination of Stan Druckenmiller’s gamesmanship Stan really understand risk and reward and George’s ability to size trades. Make no mistake about it, shorting the pound was Stan Druckenmiller’s idea. Soros contribution was pushing him to take a gigantic position.
“Put all your eggs in one basket and watch the basket very carefully”
“The mistake I’d say 98 percent of money managers and individuals make is they feel like they’ve got to be playing with a bunch of stuff,” Druckenmiller said during his speech “Lost Tree Club” speech.
“If you really see it, put all your eggs in one basket and watch the basket very carefully.”
“The only way to make long-term returns in our business that are superior is by being a pig”
“The first thing I heard when I got in the business, not from my mentor, was bulls make money, bears make money, and pigs get slaughtered,” he said during his “Lost Tree Club” speech.
“I’m here to tell you I was a pig. And strongly believe the only way to make long-term returns in our business that are superior is by being a pig. I think diversification and all the stuff theyre teaching at business school today is probably the most misguided concept everywhere.”
Stanley Druckenmiller Age
Stanley Freeman Druckenmiller was born in Pittsburgh, Pennsylvania, United States on June 14, 1953
Stanley Druckenmiller Education
Druckenmiller is a graduate of Collegiate School, Richmond, Virginia. 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. Bush. He dropped out of a three year Ph.D. program in economics at the University of Michigan in the middle of the second semester to accept a position as an oil analyst for Pittsburgh National Bank.
Stanley Druckenmiller Wife | Married
Druckenmiller has been married twice. In 1976, he married his high school sweetheart they later divorced in 1980. In 1988, Stanley married Fiona Katharine Biggs, niece of investor Barton Biggs, in an Episcopalian ceremony.
Stanley Druckenmiller Daughters
The American investor, hedge fund manager and philanthropist has three beautiful daughters namey: Sarah Druckenmiller, Tess Druckenmiller and Hannah Druckenmiller. Dr. Sarah Bolton Druckenmiller and Maximilian August Cascante were married June 23 at the bride’s family home in Southampton, N.Y. Fiona K. Druckenmiller, the bride’s mother who was ordained by the New Seminary at St. John the Divine in New York, officiated. The bride, 28, is a resident physician in obstetrics and gynecology at New York University Langone Health. She graduated from Columbia and received a medical degree from N.Y.U.
She is a daughter of Ms. Druckenmiller and Stanley F. Druckenmiller of New York. The bride’s father is an investor and the founder of Duquesne Capital Management in New York. Her mother is the owner of FD Gallery, a boutique in New York. The groom, 29, is an investment analyst at Castle Hook Partners in New York. He graduated from Georgetown, from which he also received a master’s degree in Latin American studies.
Stanley Druckenmiller House
Billionaire trader Stanley Druckenmiller, formerly a top investment strategist to George Soros, has sold his palatial Greenwich, Connecticut, estate for $25 million, according to the Real Deal. That price is merely $2 million above the price he paid for it in 2004. It’s just the third Greenwich sale above $20 million this year, listing agent Leslie McElwreath of Sotheby’s International Realty told the magazine.
The estate has 12,238 square feet of living space and eight bedrooms in total. It sits on nearly 20 acres and is technically three lots combined into one. Druckenmiller and his wife sold the home because they don’t get enough use out of it, McElwreath said. Druckenmiller is the former president of Duquesne Capital Management, which he founded before joining Soros Fund Management.
Stanley Druckenmiller Portfolio
Stanley Druckenmiller, a billionaire hedge fund manager and the CEO and chair of Duquesne Family Office, is known for his investment strategies. Notably, he worked with legendary investor George Soros between 1988 and 2000. Also, Druckenmiller was the lead portfolio manager for Quantum Fund. His well-known investment strategies helped his firm gain strong profits.
In the second quarter, Stanley Druckenmiller’s top five buys were Uber Technologies (UBER), Microsoft (MSFT), Salesforce.com (CRM), PG&E (PCG), and Barrick Gold (GOLD). The firm increased its holdings in Microsoft 3.1% in the second quarter. In the first quarter, Microsoft was the firm’s biggest holding. Overall, the stock accounted for 17.68% of the portfolio in the first quarter. In the second quarter, Microsoft accounted for 20.78% in the firm’s portfolio. Goldman Sachs also recommended Microsoft as its top pick during the trade war.
So far this year, the VanEck Vectors Gold Miners ETF (GDX) has risen 36.8%. The S&P 500 Index (SPY) and gold active futures rose 15.7% and 17.7%, respectively. The current environment could push gold towards $2,000 per ounce.
Uber Technologies, Salesforce.com, PG&E, and Barrick Gold were the firm’s fresh buys in the second quarter. Notably, Barrick Gold could support the portfolio during economic turmoil. According to an Institutional Ownership report, Vanguard Group is the first large investor in Microsoft with 613 million shares in the second quarter. Stanley Druckenmiller’s Duquesne Family Office held 5.2 million shares in the second quarter.
Stanley Druckenmiller Top holdings
Duquesne Family Office’s top five holdings were Microsoft, Amazon, Netflix, Alibaba, and Adobe System at 20.77%, 7.05%, 5.82%, 5.22%, and 4.51%, respectively. Usually, a strong investment in major high growth technology stocks indicates that the firm is optimistic about the tech sector. The Technology Select Sector SPDR Fund (XLK) has returned 27.5% year-to-date as of Tuesday. XLK tracks the technology sector’s performance. The firm reduced its position in Netflix and Adobe sequentially. However, the firm raised its stake in the other three companies.
Stanley Druckenmiller Latest Holdings, Performance, AUM (From 13F, 13D)
Duquesne Family Office LLC has disclosed 61 total holdings in their latest SEC filings. Portfolio manager(s) are listed as Stanley Druckenmiller. Most recent portfolio value is calculated to be $ 3,369,244,000 USD. Actual Assets Under Management (AUM) is this value plus cash (which is not disclosed). Duquesne Family Office LLC’s top holdings are Microsoft Corp. (NASDAQ:MSFT) , Amazon.com, Inc. (NASDAQ:AMZN) , Netflix, Inc. (NASDAQ:NFLX) , Alibaba Group Holding Limited (NYSE:BABA) , and Adobe Systems, Inc. (NASDAQ:ADBE) . Duquesne Family Office LLC’s new positions include Uber Technologies, Inc. (NYSE:UBER) , PG&E Corp. (NYSE:PCG) , Intelsat SA (NYSE:I) , Palo Alto Networks, Inc. (NYSE:PANW) , and JD.com, Inc. (NASDAQ:JD) .
Duquesne Family Office LLC’s top industries are “Metal Mining” (sic 10) , “Electronic And Other Electrical Equipment And Components, Except Computer Equipment” (sic 36) , and “Industrial And Commercial Machinery And Computer Equipment” (sic 35) .
Stanley Druckenmiller Top sells
Duquesne Family Office’s top five sells in the second quarter were the iShares MSCI Emerging Markets ETF (EEM), the iShares Nasdaq Biotechnology ETF (IBB), Alphabet (GOOGL), Intuitive Surgical, and T-Mobile (TMUS). The firm reduced nearly 5.68%, 2.56%, 2.49%, 2.16%, and 2.15%, respectively, of the holdings from its portfolio. The trade war impacted EEM’s performance. The emerging market’s performance might be impacted by more escalation. According to Goldman Sachs, Alphabet might be a good pick amid the trade war.
Stanley Druckenmiller Financial Career
Stanley began his financial career in 1977 as a management trainee at Pittsburgh National Bank. He became head of the bank’s equity research group after one year. In 1981, he founded his own firm, Duquesne Capital Management. In 1985, he became a consultant to Dreyfus, splitting his time between Pittsburgh and New York. In 1988, he was hired by George Soros to replace Victor Niederhoffer at Quantum Fund.
He left Soros in 2000 after taking large losses in technology stocks. Since then, he has concentrated full-time on Duquesne Capital. He is profiled in the book The New Market Wizards by Jack D. Schwager. Druckenmiller is a top-down investor who adopts a similar trading style as George Soros by holding a group of stocks long, a group of stocks short, and uses leverage to trade futures and currency. He currently holds large positions in Microsoft, Abbott Laboratories, Salesforce.com, Delta Airlines, and American Airlines.
Stanley Druckenmiller Gold
Selling all of his gold may actually have been a smart decision for Druckenmiller but only in the short term. After the election, it was all over the news that the stock market had plummeted that night. Indeed, the Dow went down by 870 points in just a few hours as the results came in. What didn’t get as much coverage, though, is how, as stocks were falling, the spot price of gold soared by nearly $70 an ounce, topping out at $1,336.70.
Stanley Druckenmiller Twitter
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