Billionaire investor Stanley Druckenmiller exits Amazon and scoops up smaller tech, health stocks
Stanley Druckenmiller’s Duquesne Family Office exited its position in Amazon in the second quarter but opened several new positions in cloud data and cybersecurity stocks, according to the firm’s 13F filing released Monday. The fund held nearly $199 million in Amazon at the end of the first quarter. In addition to liquidating its that stake, the firm cut its Microsoft position by 27.4%, the filing said. Microsoft remains its second largest holding, however, worth $190.3 million through the end of the second quarter. Despite Druckenmiller selling some of his Big Tech holdings, technology stocks still comprise 25% of the fund, data from InsiderScore shows. Duquesne also added new positions in various growth stocks as many of them sank to their lows of the year in May and June. Its investment in CrowdStrike makes the cloud company a top 10 position for the firm, with a value of $38.7 million. The stock fell to its low in May and is now down just about 3% for the year. The firm also added software stock Datadog and cybersecurity company Palo Alto Networks . Those positions were worth $28.4 million and $25.4 million. Additionally, it increased its position in Palantir Technologies , another cybersecurity stock, by 27.4% to $38.6 million through the end of the second quarter. It also added health stocks Eli Lilly , which is the firm’s fourth-biggest position at a value of $96.3 million, and Moderna — a stake worth $29.7 million. E-commerce company Coupang remains Druckenmiller’s largest holding. He also liquidated his positions in PNC Financial Services and Option Care Health.