Stanley Druckenmiller is often known for working closely with George Soros to “break the bank of England” when they shorted the pound and crashed it in 1992.
However, Druckenmiller is a highly accomplished investor in his own right, and his Duquesne Capital Management fund is one of the best-performing funds in history. It grew from $1 million in 1981 to $23 billion by the time he closed it in 2010, generating an average annual return around 30%.
Today, Druckenmiiller runs a family fund, Duquesne Family Office, and you can still track his moves through quarterly 13-F filings with the SEC. It might surprise you to learn that his portfolio is highly concentrated with his top four stocks making up close to half of his holdings.
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1. Microsoft
Microsoft (NASDAQ: MSFT) was Duquesne’s biggest holding as of the end of the fourth quarter, making up 12.2% of the firm’s portfolio at $408.4 million, or 1,086,120 shares.
Duquesne added 68,860 shares of Microsoft in the fourth quarter, reinforcing his high conviction stance on the tech giant, and the value of that stake, assuming he’s held it, has grown further this year.
Druckenmiller hasn’t commented on why he owns Microsoft, but there are many good reason to own the stock. Microsoft looks like a no-brainer pick to capitalize on the artificial intelligence (AI) boom thanks to its partnership with OpenAI, its diversification across multiple business areas, and its leading position in enterprise software.
2. Coupang
Druckenmiller’s second-biggest holding might surprise you. It’s Coupang (NYSE: CPNG), the South Korean e-commerce giant that resembles Amazon in a number of ways.
The firm finished the year with Coupang making up roughly 11% of the portfolio, or a $371 million position. Druckenmiller was bullish on Coupang in the fourth quarter, buying more than 2 million shares of the e-commerce company.
Coupang is an intriguing opportunity as it has a lot of room for growth as it expands to new markets and adds new product lines. The stock also looks well-priced for its growth potential, and Coupang is…
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