Billionaire investor Stanley Druckenmiller recently made some major moves with his investment firm, Duquesne Family Office. He offloaded over $2.5 billion in stocks, including completely selling off his firm’s Nvidia and Palantir holdings.
New Investments and Top Holdings
So, where did all that money go? A significant portion is now invested in Teva Pharmaceutical, with a purchase of roughly $30 million worth of shares. Teva’s stock has seen a huge jump in value this year, thanks to a successful opioid lawsuit settlement and strong growth in its brand-name drug business.
As of the third quarter of this year, Duquesne Family Office’s top holdings include:
- Natera (NTRA): $452 million
- Coupang (CPNG): $287 million
- Coherent (COHR): $264 million
- Woodward (WWD): $181 million
- Seagate Technology (STX): $179 million
Druckenmiller’s Concerns About the Fed
In a recent interview, Druckenmiller expressed concern that the Federal Reserve might have lowered interest rates too soon. He worries that this could reignite inflation. While he correctly predicted the initial drop in inflation, he admits he underestimated the economy’s resilience. He’s now more worried about inflation than a potential economic downturn, unlike his strong conviction about rising inflation in 2021. He’s not entirely sure the Fed has fully tamed inflation yet.
