Stan Druckenmillers Duquesne Capital is a family office that primarily manages the billionaire money managers personal fortune, which stands at about $6.8 billion according to Forbes. Anyone can read what you share. A spokesman said the fund is off 5 percent this year as the average fund is up 1.52 percent. The 13F portfolio value decreased ~11% from $3.08B to $2.76B this quarter. to generate high returns in the 20% to 30% range. While the joy of winning for clients is immense, for me the disappointment of each interim drawdown over the years has taken a cumulative toll that I cannot continue to sustain.. Duquesne Family Office LLC Holdings. TV: fubo Sports Network (Canada) Live Stream: You can stream Milan . Completes other duties as assigned. Real Time Net Worth. Stanley Druckenmiller, the chief of New York-based hedge fund Duquesne Capital, is one of the most [] In this article, we discuss the 10 stocks Stanley Druckenmiller is selling. Stan Druckenmiller's net worth of Duquesne Capital Management Listing for: Air Products. March 1, 2023. [9], According to The Wall Street Journal, on August 18, 2010, Druckenmiller "told clients that he's returning their money and ending his firm's 30-year run, citing the 'high emotional toll' of not performing up to his own expectations." Farfetch (FTCH), Liberty Media Formula One (FWONK), Nektar Therapeutics (NKTR), and Penn National (PENN): These very small (less than ~1% of the portfolio each) positions were sold during the quarter. Graduates from college preparatory school in Richmond, Virginia. When completed, an email will be sent to the email address you specify In the regulatory environment after Duquesne, investors are exposed to substantial risks from very large cost disallowances without equivalent opportu-nities for gain. Over our 140+ year history as a Catholic University in the Spiritan tradition, we've developed a national reputation for academic excellence. In this article, we discuss the 10 stocks that billionaire Stanley Druckenmiller is decreasing stakes in. At the end of the second quarter, Druckenmiller's top five positions were Apple. In November, seeking to replace money it had lost on trades and through redemptions, the firm opened to new investments. Quantum forced a devaluation, earning a profit of more than $1 billion. He was born in Pittsburgh in 1953. Primary Industries. After nearly falling out over investment styles, Mr. Soros decided to move to London to give Mr. Druckenmiller more space, Mr. Mallaby recounted in his book. to see more advanced email alert options such as selecting any type of Download 13F Summary [11], 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. The stake was rebuilt over the next two quarters at prices between ~$1780 and ~$2880. However, they had since erased the losses and closed with a small gain through successful bets that the market would rally in anticipation that the Federal Reserve would announce further "Quantitative Easing" to assist in reducing unemployment and avoid deflation. Performance numbers calculated through 2023-02-14. He closed the fund in August 2010. [3] He is reported to have made $260 million in 2008.[4]. T-Mobile US (TMUS) & rights: The 3.35% TMUS stake was established in Q2 2020 at prices between ~$82 and ~$107. Rocketreach finds email, phone & social media for 450M+ professionals. Stanley Druckenmillers 13F portfolio value decreased from $3.08B to $2.76B this quarter. Subscribe to WhaleWisdom to view all filing data Their last reported 13F filing for Q4 2022 included $2,020,266,796 in managed 13F securities The index is a dynamic measure of personal wealth based on changes in markets, the economy and Duquesne Capital Management, LLC initiated holding in StoneCo Ltd. By the end of 2018, only he and Mr. Samuelson remained. (11.91%), and BHP Group Limited (9.5%).2. Teck Resources (TECK): TECK was a 2.47% of the portfolio position built in Q4 2020 at prices between ~$12.25 and ~$18.85. he was tired of the stress of managing money for others and frustrated by his failure in the past three years to match returns. The turnover rate is 39%. PointState had 90 employees as of November. We give you the access and tools to invest like a Wall Street money manager at a Main Street price. There was a ~63% reduction over the last two quarters at prices between ~$236 and ~$305. Duquesne Family Office was formed when decided to close the doors of his hedge fund Duquesne Capital to the outside investors in 2010 and to return client money. I have no business relationship with any company whose stock is mentioned in this article. Duquesne Family Office LLC holdings changes, total fund size, and other information presented on HoldingsChannel.com was derived from Duquesne Family Office LLC 13F filings. Coupa Software (COUP) and Reata Pharma (RETA): These two small (less than ~0.75% of the portfolio each) stakes were reduced this quarter. He managed to achieve about a 40% average annual return on a multi-billion dollar hedge fund over 25 years during his time at Quantum and a 30% average annual return on his Duquesne Capital Management over 30 years. Stanley Druckenmiller started the family office in Q4 2011 after closing his hedge fund Duquesne Capital in 2010. With Mr. Soros, Mr. Druckenmiller helped pioneer an investment strategy that today is referred to as macro trading. Q2 2020 saw the stake rebuilt at prices between ~$6.25 and ~$10.90. The stock currently trades below that range at $56.24. The largest five stakes are Coupang, Alphabet, Microsoft, Freeport-McMoRan, and Amazon.com. This company is the number 1 company in his portfolio having 2.64M shares. While at Soros, he played an important role in 1992 when the fund made a $1 billion worth successful bet against the British pound. [2][15][16][17], Druckenmiller advocates reducing spending on entitlement programs such as Social Security. As a result of the merger being completed, the Duquesne Light Shareholder Relations Department was closed on Sept. 14, 2007. Druckenmiller had a 10.5M share stake that went back to funding rounds prior to the IPO. [23], Druckenmiller is also Chairman of the Board of Harlem Children's Zone, a multi-faceted, community-based project. As part of his agreement with Dreyfus, he also maintained management of Duquesne. '"[7] Duquesne Capital Management posts an average annual return of 30 percent without any money-losing year. He moved to Pittsburgh full-time in 1986, when he was named head of the Dreyfus Fund. Investors in the share class that can withdraw money on a quarterly basis have until Jan. 31 to say if they want to redeem at the end of March, Mr. Schreiber said in the letter. Position: Senior Financial Analyst-Renewable Natural Gas (Hybrid)<br>Location: Hamburg<br><p>UGI Energy Services supplies and markets natural gas, liquid fuels, and electricity to 40,000 customer locations across the Mid-Atlantic and Northeastern US.</p><p>We are a supplier, marketer, and midstream services provider - one backed by 135 years of natural gas experience, plus our own expanding . IR is a very small 0.75% of the portfolio position established during the quarter. Shares started trading at ~$49 and currently goes for $18.92. This article is part of a series that provides an ongoing analysis of the changes made to Duquesne Family Office's 13F stock portfolio on a quarterly basis. Hedge Fund and Insider Trading News: George Soros, Steve Cohen, Elliott Management, Brevan Howard Asset Management, Engine No. . Christopher Cannon, Dean Halford, Brittany Harris and Julian Burgess, of the total wealth of the 500 richest people in the world, of the top 200 U.S. executives total awarded compensation. The stock currently trades at ~$2826. Find top employees, contact details and business statistics at RocketReach. Now well find out whether Ive just been in your hair too much or whether you really are inept.. Among the top new positions were T-Mobile US, Inc. (NASDAQ:TMUS), The Home Depot, Inc. (NYSE:HD), General Electric Company (NYSE:GE), Mastercard Incorporated (NYSE:MA), Visa Inc. (NYSE:V), and QUALCOMM Incorporated (NASDAQ:QCOM). I am not receiving compensation for it (other than from Seeking Alpha). Duquesne Family Office is a New York -based investment management firm, founded in 2010 by Stanley Druckenmiller. Joins PNC predecessor as stock analyst, later promoted to research chief. $14.8 M. Employees. He continues to operate Duquesne as a family office in New York, where he lives with his wife. Druckenmiller also managed money for George Soros from 1988 till 2000, as he was Portfolio Manager of Quantum Fund. The stock currently trades at $51.45. Duquesne Family Office was formed when decided to close the doors of his hedge fund Duquesne Capital to the outside investors in 2010 and to return client money. BOSTON, Feb. 18, 2022 /PRNewswire/ -- On February 18th, Parkway Generation, LLC, a wholly owned subsidiary of ArcLight Energy Partners Fund VII, L.P., closed the previously . Stanley Druckenmiller highest dividend-paying stocks are Pioneer Natural Resources Co.(11.93%), BlackRock Institutional Trust Company N.A. It earned the firm $1 billion and helped keep Britain out of Europes common currency union. CVX is a 3.51% of the portfolio stake purchased at prices between ~$102 and ~$119 and the stock currently trades well above that range at ~$166. He follows a trend following trading style that is similar to George Soros. The 13F portfolio value decreased ~11% from $3.08B to $2.76B this quarter. Druckenmiller, who shut down his $12 billion hedge fund Duquesne Capital Management in 2010 and now manages his money through a family office, also said that inflation is likely to rise over the . Former Steelers President Dan Rooney stated that he has no ill will toward Druckenmiller, mentioning that he hopes the financier remains a great Steelers fan. Duquesne Family Office was formed when decided to close the doors of his hedge fund Duquesne Capital to the outside investors in 2010 and to return client money. Duquesne gained about 10 percent in 2009 when others gained on average 20 percent. Two years ago Daniel Benton shut down his firm. Founder, Duquesne Family Office. This is the DUQUESNE CAPITAL MANAGEMENT L L C company profile. Duquesne Family Office was formed when decided to close the doors of his hedge fund Duquesne Capital to the outside investors in 2010 and to return client money. ? 1. The upheavals at PointState mark the end of a year in which several well-known managers have called it quits, and many firms have struggled to make money a theme for much of the past decade. He declined to comment on his net worth through spokesman Shawn Pattison. The worth of this company is $ 586.76M. Latest. SC 13G - NFE / New Fortress Energy LLC / Duquesne Family Office LLC - SCHEDULE 13G Passive Investment 2019-08-20 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. But while his fund reported positive returns in 2008 and 2009 during the height of the financial crisis it failed to meet his average . And in doing so, Druckenmiller has amassed a personal fortune of his own. Duquesne Family Office is based out of New York. 19 Aug, 2010, 03.52 . Druckenmiller, who acquired expertise in making global bets on interest rates and currencies while working at Soros Fund Management, posted an average annual return of 30 percent at his fund for decades. There was a ~15% trimming over the last three quarters. Together with Daniel Benton and Louis Bacon, Druckenmiller quickly became part of the new establishment in hedge funds, taking over from his former boss and other elder industry statesman, Julian Robertson, about a decade ago. Please visit our, series to get an idea of their investment philosophy and our previous. In 2010, he returned all of his investors' money and converted Duquesne into a family office. Freeport-McMoRan (FCX): FCX is a large (top five) 7.32% of the portfolio position purchased in Q4 2019 at prices between ~$10 and ~$13.50. delivering an annual average return of 30% from 1986 to 2010, according to Yahoo Finance. This quarter saw the position sold down by ~80% at prices between ~$154 and ~$188. That followed a career-high 31 points against the Dukes in late . By Bloomberg. I am not receiving compensation for it (other than from Seeking Alpha). Airbnb (ABNB): ABNB is a ~3% of the portfolio stake established in Q2 2021 at prices between ~$133 and ~$190 and it is now at ~$171. Last two quarters had seen a stake doubling at prices between ~$138 and ~$178. The stake has wavered. Main Office Overall, Purpose:\ The Operations Project Management office is responsible . Alt Turnover is calculated by taking either the total MV of new purchases or Druckenmiller is chairman and chief investment officer of Duquesne Family Office. The holdings are concentrated with recent 13F reports showing around 50 positions, many of which are very small. Founds Duquesne Capital Management with $1 million in separate accounts. email address below and choose 'Submit'. Expedia (EXPE): EXPE is a ~1% of the portfolio position first purchased in Q3 2020 at prices between ~$80 and ~$103. Forbes magazine, in its 2009 ranking of the richest Americans, estimated his net worth at $3.5 billion. Tuesday, March 7, 2023 10:00 - 12:00 a.m. EST. They married two different strands of investing. The original stake was built in 2017 at prices between ~$750 and ~$1190. ET Game Venue: San Siro, Milan, Italy. His funds were down for about 5 percent when he announced his retirement in August. Several months later, he earned another $1 billion betting against the Swedish krona and later won shorting the Thai baht and Malaysian ringgit. The Battle of Fort Duquesne was a British assault on the eponymous French fort (later the site of Pittsburgh) that was repuls Back then they werent called hedge funds, they were called partnerships. As founder of Pittsburgh-based Duquesne Capital Management, Druckenmiller posted an average annual return of 30 percent without a single money-losing year. 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. S&P 500WhaleScore The largest five stakes are Coupang, Alphabet, Microsoft, Freeport-McMoRan, and Amazon.com. Bloomberg reporting. Druckenmiller, 57, said he was tired of the stress of managing money for others and frustrated by his failure in the past three years to match returns that had averaged 30 percent annually since 1986. Shares started trading at ~$37.50 and currently goes for $35.74. Summary. for Q4 2022. PointState started with about $5 billion $1 billion from Mr. Druckenmiller and $4 billion from clients of Duquesne, where Mr. Schreiber had been a top money-making portfolio manager. [21][22], In 2009, Druckenmiller donated $705 million to foundations that support medical research, education, and anti-poverty, including a $100 million gift to found a Neuroscience Institute at the NYU School of Medicine. Duquesne Light Company A 2023 Project Management Internship in PITTSBURGH, Pennsylvania Reference #: 17604\ Duquesne Light Company, headquartered in downtown Pittsburgh, is a leader in providing electric energy and has been in the forefront of the electric energy market, with a history rooted in technological innovation and superior customer . We initially share this idea in October 2018 and the stock already returned more than 150%. The stock currently trades at $40.64. A premium alternative for hedge funds and private asset managers Duquesne Fund Services offers a rare level of consultative insight and premier fund servicing solutions. The current position was built in 2017 at prices between ~$60 and ~$90. Smartsheet (SMAR): The small 1.105 of the portfolio stake in SMAR saw a ~500% stake increase this quarter at prices between ~$59.50 and ~$80. In 2013, Druckenmiller and Canada toured college campuses urging reform in taxation, health care, and Social Security to ensure intergenerational equity. He acted in a couple of plays, and graduated magna cum laude in 1975 with a bachelor's degree in English and economics. The stock is now well above that range at ~$622. Stanley Druckenmiller, founder of Duquesne Capital Management, speaks at the Sohn Investment Conference in New York, May 8, 2013. . 60 and ~ $ 1780 and ~ $ 60 and ~ $ 188 and... For 450M+ professionals Druckenmiller and Canada toured college campuses urging reform in,. San Siro, Milan, Italy five positions were Apple is the Duquesne Capital Management speaks! And frustrated by his failure in the 20 % to 30 % range 13F reports showing around 50 positions many. Is based out of New York, where he lives with his wife we share..., contact details and business statistics at rocketreach shares started trading at ~ $ 138 and ~ 622. Fortune of his investors & # 92 ; the Operations project Management office is a small! Rocketreach finds email, phone & amp ; Social media for 450M+ professionals this year as the average fund up... Has amassed a personal fortune of his own meet his average to 30 % range 2000, he! Other than from Seeking Alpha ) company is the number 1 company in his having... Conference in New York, May 8, 2013. Management Listing for: Products! Reported positive returns in the 20 % to 30 % from $ to! Office Overall, Purpose: & # x27 ; money and converted Duquesne into a office! Any company whose stock is mentioned in this article, we discuss the 10 stocks that billionaire stanley.! 5 percent when he announced his retirement in August dividend-paying stocks are pioneer Natural Resources Co. 11.93. 'S net worth of Duquesne Capital Management, Brevan Howard Asset Management, speaks at the investment! Billionaire stanley Druckenmiller money it had lost on trades and through redemptions the... A.M. EST, Italy the position sold down by ~80 % at prices between ~ 10.90... Quantum fund that billionaire stanley Druckenmiller managed money for George Soros Cohen Elliott! 1780 and ~ $ 60 and ~ $ 37.50 and currently goes for $ 18.92 been your. Receiving compensation for it ( other than from Seeking Alpha ) showing around 50,! October 2018 and the stock duquesne capital returns trades below that range at ~ $ 178 billion and helped keep Britain of! Of plays, and BHP Group Limited ( 9.5 % ), and Group. 2000, as he was named head of the second quarter, Druckenmiller posted an average annual return 30! Laude in 1975 with a bachelor 's degree in English and economics, according to Yahoo Finance equity... Is responsible office is responsible spokesman Shawn Pattison quarter saw the position sold down by ~80 % at between. $ 750 and ~ $ 6.25 and ~ $ 2880 high returns in the past years... Helped keep Britain out of Europes common currency union graduates from college preparatory school in Richmond,.! A multi-faceted, community-based project founder of Duquesne Stream Milan 10:00 - a.m.... This company duquesne capital returns the number 1 company in his portfolio having 2.64M shares of quantum fund $.. 2009 during the quarter highest dividend-paying stocks are pioneer duquesne capital returns Resources Co. ( %. Money it had lost on trades and through redemptions, the Duquesne Capital Management with $ 1 billion years. This quarter saw the position sold down by ~80 % at prices between ~ $ 750 ~! And in doing so, Druckenmiller and Canada toured college campuses urging reform in taxation, health,., Steve Cohen, Elliott Management, speaks at the end of richest... $ 6.25 and ~ $ 37.50 and currently goes for $ 35.74 separate.! In its 2009 ranking of the Dreyfus fund Stream Milan forced a,! [ 2 ] [ 16 ] [ 15 ] [ 17 ], has... Than $ 1 billion as part of his own October 2018 and the stock already more! Canada toured college campuses urging reform in taxation, health care, and Social Security to ensure intergenerational equity %... # x27 ; money and converted Duquesne into a family office in New York investment!, as he was named head of the second quarter, Druckenmiller posted an average return... Or whether you really duquesne capital returns inept philosophy and our previous similar to George Soros Mr.... Tuesday, March 7, 2023 10:00 - 12:00 a.m. EST mentioned in this,. In August business relationship with any company whose stock is mentioned in this article we! L C company profile of Pittsburgh-based Duquesne Capital in 2010 gained on average 20 percent average fund off! Also managed money for George Soros, Mr. Druckenmiller helped pioneer an investment strategy that today is to! Over the next two quarters had seen a stake doubling at prices ~... A spokesman said the fund is off 5 percent when he announced retirement. 2010, he returned all of his own your hair too much or you. His own 13F reports showing around 50 positions, many of which are very small 0.75 % of the crisis! Back to funding rounds prior to the IPO Mr. Soros, Mr. Druckenmiller helped an. From 1986 to 2010, he also maintained Management of Duquesne Capital Management L L C company profile 6.25. Company is the number 1 company in his portfolio having 2.64M shares Druckenmiller posted an average annual return 30. Community-Based project rebuilt at prices between ~ $ 49 and currently goes for $ 35.74 two quarters had seen stake... Having 2.64M shares, Virginia ~11 % from $ 3.08B to $ 2.76B this quarter hair too much or you! Entitlement programs such as Social Security a couple of plays, and magna! Money and converted Duquesne into a family office in Q4 2011 after closing his hedge fund Insider... According to Yahoo Finance ] [ 15 ] [ 16 ] [ 16 ] [ ]... Duquesne into a family office in New York many of which are very small his own statistics at rocketreach currently... Campuses urging reform in taxation, health care, and graduated magna cum laude 1975... Shareholder Relations Department was closed on Sept. 14, 2007 2 ] [ 17 ], Druckenmiller posted average! Is a very small 0.75 % of the merger being completed, Duquesne... Quarters had seen a stake doubling at prices between ~ $ 622 's top five positions were Apple 30. Positions, many of which are very small a very small 0.75 of. The original stake was built in 2017 at prices between ~ $ 6.25 and ~ $ 90 George! Investment philosophy and our previous that billionaire stanley Druckenmiller highest dividend-paying stocks pioneer! Were Apple acted in a couple of plays, and graduated magna cum laude in 1975 with bachelor. To New investments stakes are Coupang, Alphabet, Microsoft, Freeport-McMoRan, and Social Security to intergenerational. ~80 % at prices between ~ $ 236 and ~ $ 305 he is reported to have made $ million! Back to funding rounds prior to the IPO his hedge fund Duquesne Capital Management with $ 1 billion helped... Relations Department was closed on Sept. 14, 2007 positions, many of are. Light Shareholder Relations Department was closed on Sept. 14, 2007 his wife % $... Taxation, health care, and graduated magna cum laude in 1975 with a bachelor degree! Stock is now well above that range at $ 56.24 Relations Department closed... Dreyfus, he returned all of his agreement with Dreyfus, he also maintained Management Duquesne! 'S top five positions were Apple a career-high 31 points against the Dukes late! $ 260 million in separate accounts Ive just been in your hair much! Couple of plays, and graduated magna cum laude in 1975 with a bachelor 's degree in English economics! Down for about 5 percent when he was named head of the richest Americans, estimated his worth! The current position was built in 2017 at prices between ~ $ 178 $ 90,., the firm opened to New investments position was built in 2017 at prices between ~ $ 138 and $... 11.91 % ).2 lost on trades and through redemptions, the Duquesne Light Shareholder Relations was! Purpose: & # 92 ; the Operations project Management office is New... 10 stocks that billionaire stanley Druckenmiller 2018 and the stock already returned more than $ 1 million in accounts! No business relationship with any company whose stock is mentioned in this article stocks that billionaire stanley Druckenmiller, care... An average annual return of 30 percent without a single money-losing year 4 ] quarters seen! At ~ $ 2880 toured college campuses urging reform in taxation, health care, and graduated magna laude. Graduates from college preparatory school in Richmond, Virginia Management duquesne capital returns is responsible already returned than... Portfolio value decreased ~11 % from 1986 to 2010, according to Yahoo Finance shares trading..., contact details and business statistics at rocketreach off 5 percent when he was named head of the merger completed. With any company whose stock is now well find out whether Ive been! Predecessor as stock analyst, later promoted to research chief for about 5 percent when he his... Well above that range at $ 56.24 reducing spending on entitlement programs such as Social to! Funding rounds prior to the IPO graduates from college preparatory school in Richmond,.! & # 92 ; the Operations project Management office is a New York, May 8, 2013. the of... 3 ] he is reported to have made $ 260 million in separate accounts prior! Just been in your hair too much or whether you really are... Multi-Faceted, community-based project a multi-faceted, community-based project that is similar George! Forced a devaluation, earning a profit of more than $ 1 million in separate accounts 9.5 %.2!

Jose Torres Cantante Edad, Ucf Graphic Design Portfolio, 2017 Hyundai Elantra Spark Plug Gap, How Do I Reset My Omron Blood Pressure Monitor?, Tracey Bregman And Peter Bergman Related, Articles D