Completes other duties as assigned. (OPEN), OneMain Holdings (OMF), Overstock.com, Inc. (OSTK), Recursion Pharma (RXRX), Samsara Inc. (IOT), Sensei Biotherapeutics (SNSE), SentinelOne (S), Sunrun Inc. (RUN), and TaskUs (TASK). He closed the fund in August 2010. ? The turnover rate is 39%. He launched his hedge fund in 1956 with $105,100 in seed capital. How do I update this listing? Free shipping for many products! The elimination this quarter was at prices between ~$226 and ~$385. How to Watch Milan vs. Atalanta Today. The six foot five inch student gained a reputation as an expert pool player who could practice because he didn't need to study for classes. In the same report you can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12-24 months. By Bloomberg. In the regulatory environment after Duquesne, investors are exposed to substantial risks from very large cost disallowances without equivalent opportu-nities for gain. Duquesne Family Office has met the qualifications for inclusion in . Whitney Tilson credits Pershing Square Capital Management founder Bill Ackman with having introduced four couples who have gotten married -- and he wants to emulate that track record. Stanley Druckenmiller, the hedge- fund icon who boasts one of the best long-term trading records and the distinction of having made $1 billion for George Soros by . The next three quarters had seen the position reduced by ~85% at prices between ~$1100 and ~$1830. But while his fund reported positive returns in 2008 and 2009 during the height of the financial crisis it failed to meet his average . To know more about Druckenmiller's trading style check out Trend Following: Learn to Make Millions in Up or Down Markets. The impact to a portfolio due to this purchase was 0.43%. He continues to operate Duquesne as a family office in New York, where he lives with his wife. He scored 23 points on the road, making 9-0f-15 shots, to go along with with seven rebounds and three steals. [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. His funds were down for about 5 percent when he announced his retirement in August. Full Time position. I started my trip around Karnataka by visiting Bangalore/Bengaluru and creating a travel vlog of my journey. Since its inception in May 2014, our flagship strategy generated a cumulative return of 103%, beating the S&P 500 ETF (SPY) by nearly 38 percentage points (see the details here). Druckenmiller joined Dreyfus Corp. in 1986 and was soon running its main Dreyfus Fund. Summary. Booking Holdings (BKNG): BKNG is a 3.73% of the portfolio stake established in Q1 2021 at prices between ~$1886 and ~$2462 and the stock is now at ~$2262. The stock currently trades at $51.45. His parents separated while he was in elementary school. as of 3/1/23. 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. The 13F portfolio value decreased ~11% from $3.08B to $2.76B this quarter. But while his fund reported positive returns in 2008 and 2009 during the height of the financial crisis it failed to meet his average historical returns. Next quarter saw a ~70% selling at prices between ~$5.50 and ~$12.90. Toronto is currently in ninth place, while Washington is in 10th, which means if the season ended today, both squads would be in . Stanley Druckenmillers 13F portfolio value decreased from $3.08B to $2.76B this quarter. 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. Instead of taking jobs after graduation, Max Knape and Samuel Frymier together founded Quesne Capital, an investment management firm based in Pittsburgh. There was a ~175% stake increase this quarter at prices between ~$24.60 and ~$46.30. Alphabet Inc. (GOOG): The large (top three) ~10% GOOG stake was established in Q4 2019 & Q1 2020 at prices between ~$1215 and ~$1521. He helped create a new hedge fund model by fusing those two separate traditions, Mr. Mallaby said. SBA Lending Basics and Lender Match: Tools for Business Success. Procept BioRobotics (PRCT): PRCT had an IPO last September. He started Duquesne Capital Management in 1981 with $1 million in various separate accounts. The stock currently trades at $40.64. We initially share this idea in October 2018 and the stock already returned more than 150%. 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. Mr. Samuelson will stay at PointState "for several months" during a transition, Mr. Schreiber said, and will remain an investor in the firm. Mr. Druckenmiller declined to comment. I am not receiving compensation for it (other than from Seeking Alpha). In 1981, Druckenmiller founded his own firm - Duquesne Capital Management. Druckenmiller also managed money for George Soros from 1988 till 2000, as he was Portfolio Manager of Quantum Fund. In 2010, he returned all of his investors' money and converted Duquesne into a family office. His father was a chemical engineer and a veteran of DuPont Co., and his mother was a golf and stock market enthusiast. He ascended quickly and was named research director and then head of investments in 1979. Bloomberg reporting. Toronto (31-32 SU, 31-32 ATS) travels to Washington to take on the Wizards (29-32 SU, 29-29-3 ATS) on Thursday at 7:10pmET from Capital One Arena. His investment philosophy is to adopt an active trading style similar to that of George Soros by holding long . Mr. Samuelson, 46, "has decided to retire from investment management," co-founder Zach Schreiber said in a letter to clients Friday. This quarter saw a ~42% reduction at prices between ~$3190 and ~$3696. He declined to comment on his net worth through spokesman Shawn Pattison. SEC form, multiple filers or classes of filers, and much more.***. Stanley Freeman Druckenmiller is a hedge fund manager, philanthropist, and investor. Stanley Druckenmiller started the family office in Q4 2011 after closing his hedge fund Duquesne Capital in 2010. Heatmaps of the top 13f holdings and a list of the largest trades made by Duquesne Family Office, the hedge fund managed by Stanley Druckenmiller. Stan Druckenmiller's net worth of Save . Disclosure: I/we have a beneficial long position in the shares of ACAD, AMZN, CPNG, FB, GOOGL either through stock ownership, options, or other derivatives. Druckenmiller read "The Alchemy of Finance" by George Soros and recognized they shared the same investment style. S&P 500 Index generated an average annual compounded return of only 9.2% during the same 10-year period. IBM Sues Former Top Thai Executive for . 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. Duquesne Capital Management provides its services to high net worth individuals and institutions. Sorry, no results has been found matching your query. The holdings are concentrated with recent 13F reports showing around 50 positions, many of which are very small. . This is basically a recipe to generate better returns than Warren Buffett is achieving himself. The largest company in Stanley Druckenmiller portfolio by market cap is Apple Inc, while the smallest is Dunkin Brands Group Inc.4. Please disable your ad-blocker and refresh. He didn't provide further details. $10.1B can buy Druckenmiller's fortune is derived from the proceeds he's earned running hedge funds for more than 30 years. Duquesne's programs have won praise for innovation and continued high quality including accolades as a "first-tier university," "top 100 undergraduate school," and "Most Popular.". Stanley Freeman Druckenmiller (born June 14, 1953) is an American investor, hedge fund manager and philanthropist. SEC 13F filings are viewable for Duquesne Family Office going back to 2011. [1] He grew up in a middle-class household in the suburbs of Philadelphia. I/we have a beneficial long position in the shares of ACAD, AMZN, CPNG, FB, GOOGL either through stock ownership, options, or other derivatives. MRNA is now at ~$180. Mr. Druckenmiller is known as a passionate sportsman, both as a participant and spectator. Investments 6. Stanley Druckenmiller highest dividend-paying stocks are Pioneer Natural Resources Co.(11.93%), BlackRock Institutional Trust Company N.A. 19 Aug, 2010, 03.52 . The stock is now traded at around $20.700000. But the following years were difficult for the young stars and the old guard alike as they faced fallout from the bursting of the technology bubble, the introduction of the new European currency, a bear market, and then the subprime mortgage crisis, which in 2008 left the hedge fund industry with its worst ever returns. There was a ~43% selling this quarter at prices between ~$91 and ~$124. In 2006, he ranked among the top earners in an industry where managers like Druckenmiller can collect a 20 percent performance fee. Duquesne Fund Services LLC. Soros hired him to run his biggest hedge fund, Quantum, in 1988. 1, Mineralys Therapeutics, Inc. (MLYS), Forward Air Corp (FWRD), and More, Hedge Fund and Insider Trading News: David Einhorn, Stan Druckenmiller, Ray Dalio, Paul Tudor Jones, George Soros, Modulo Capital, Altisource Portfolio Solutions S.A. (ASPS), Moderna, Inc. (MRNA), and More, 12 Best Stocks To Buy For Flat Markets According To Druckenmiller, Stan Druckenmiller Portfolio: Top 10 Stock Picks, Hedge Fund and Insider Trading News: Steve Cohen, Stanley Druckenmiller, Ray Dalio, Crispin Odey, Citadel LLC, ExodusPoint Capital Management, Sound Point Capital Management, Braze Inc (BRZE), FedEx Corporation (FDX), and More, Market Could be "Flat" for 10 Years: Druckenmiller's Prediction and His 10 Defensive Stock Picks, Hedge Fund and Insider Trading News: Kyle Bass, Stanley Druckenmiller, Armistice Capital, AQR Capital Management, Millennium Management, Whale Rock Capital Management, Costco Wholesale Corporation (COST), Rocket Companies Inc (RKT), and More, 10 Dividend Stocks to Buy According to Billionaire Stanley Druckenmiller's Duquesne Capital, Billionaire Stanley Druckenmiller is Selling These 10 Stocks, Billionaire Stanley Druckenmiller is Decreasing Stakes in These 10 Stocks, 10 Stocks That Have Grabbed Stanley Druckenmillers Attention in 2022, Hedge Fund and Insider Trading News: Whitney Tilson, David Einhorn, Stanley Druckenmiller, Bill Ackman, Ray Dalio, Lone Pine Capital, Tricida, Inc. (TCDA), Hillenbrand, Inc. (HI), and More, Stanley Druckenmiller Was Right About These 9 Stocks, Billionaire Stanley Druckenmiller's 2022 Portfolio: 10 Value Stock Picks, 10 Tech Stocks to Sell in 2022 According to Billionaire Stanley Druckenmiller, How to Best Use Insider Monkey to Increase Your Returns, 6 Things You Didn't Know About Hedge Funds. Q1 2021 also saw a ~14% stake increase. [12] In November 2020, he stated that he owned both gold and bitcoin. Im going to Europe, Mr. Soros said, according to Mr. Mallabys account. Listing for: Air Products. Yet Mr. Schreiber couldn't keep the original team in place. The largest five stakes are Coupang, Alphabet, Microsoft, Freeport-McMoRan, and Amazon.com. That followed a career-high 31 points against the Dukes in late . ? Duquesne Capital Management provides its services to high net worth individuals and institutions. Many of those investments . NEW YORK/BOSTON, Aug 18 (Reuters) - Stanley Druckenmiller, the investor best known as a key architect of billionaire investor George Soros famous bet against the British pound, is closing his hedge fund firm after 30 years. Bush). New York University Langone Medical Center. The way to build long-term returns is through preservation of . 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. The holdings are concentrated with recent 13F reports showing around 50 positions, many of which are very small. PointState has fared worse than many of its peers. He is also an avid golfer, with memberships at a bevy of exclusive clubs, including the National Golf Links of America in Southampton, N.Y., and Oakmont Country Club in Pittsburgh. Anyone can read what you share. At 06/30/2022: $1,382,166. Founder, Duquesne Family Office. The holding were 382,100 shares as of 2021-09-30. Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter. or to simply have an email sent to you whenever we receive a new Link to 13F filings: SEC filings. Frozen Fruit, Juice, and Vegetable Manufacturing, Data Processing, Hosting, and Related Services, Semiconductor and Related Device Manufacturing, Optical Instrument and Lens Manufacturing, Water and Sewer Line and Related Structures Construction, Wireless Telecommunications Carriers (except Satellite), Crude Petroleum and Natural Gas Extraction, Farm Machinery and Equipment Manufacturing, Software and Other Prerecorded Compact Disc, Tape, and Record Reproducing, Other Aircraft Parts and Auxiliary Equipment Manufacturing, Bituminous Coal and Lignite Surface Mining. Carvana (CVNA): The 4.39% CVNA position saw a ~70% stake increase in H2 2021 at prices between ~$224 and ~$315. Recent News & Activity. The three quarters through Q1 2020 saw a ~80% selling at prices between ~$133 and ~$185. and each individual billionaire profile contains a detailed analysis of how that person's fortune is tallied. To consistently deliver news, research and analysis to the executives who manage the flow of funds in the institutional investment market. I have no business relationship with any company whose stock is mentioned in this article. Duquesne Family Office 2022 Q4 filed Feb. 14, 2023 . Founds Duquesne Capital Management with $1 million in separate accounts. Duquesne Family Office Q1 2019 Portfolio Changes, Duquesne Family Office Stanley Druckenmiller, How to Best Use Insider Monkey to Increase Your Returns, 6 Things You Didn't Know About Hedge Funds. New York-based Duquesne specializes in selecting growth oriented value stocks and has never had a losing year in its 30 years. All content is posted anonymously by employees working at DUQUESNE CAPITAL MANAGEMENT L L C. The stock currently trades below that range at $56.24. The position was sold down by ~60% last quarter at prices between ~$302 and ~$370. Main Office Coupang Inc. (CPNG): CPNG had an IPO in March. The remainder stake was sold during the quarter. T-Mobile US (TMUS) & rights: The 3.35% TMUS stake was established in Q2 2020 at prices between ~$82 and ~$107. Druckenmiller deserves 95 percent of the credit, said Sebastian Mallaby, a fellow at the Council of Foreign Relations and the author of More Money Than God, a new book on the history of hedge funds. Wednesday, March 1, 2023 10:03 a.m. | Wednesday, March 1, 2023 10:03 a.m. WASHINGTON The nominee for archivist of the United States made her second appearance before the Senate Homeland . If Warren Buffetts hedge fund didnt generate any outperformance (i.e. Daily NewsletterDuquesne CapitalDuquesne Capital Stanley DruckenmillerDuquesne Family Office Q1 2019 Portfolio ChangesDuquesne Family Office Stanley DruckenmillerDuquesne Family Offices Latest MovesYahoo FinanceShow moreShow less. How will the DOLs finalized rules impact ESG investing? View Map. And, the positions the fund completely sold out in the quarter counted those in salesforce.com, inc. (CRM), Gilead Sciences, Inc. (NASDAQ:GILD), Medtronic plc (NYSE:MDT), Delta Air Lines, Inc. (NYSE:DAL), American Airlines Group Inc. (NASDAQ:AAL), and Kohls Corporation (NYSE:KSS). Stanley F. Druckenmiller, the hedge fund titan who led George Soross famous bet against the British pound, told clients on Wednesday that he was quitting the business and shutting down his investment firm, Duquesne Capital, after 30 years. 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. Summary Investments People Signals & News. This is the DUQUESNE CAPITAL MANAGEMENT L L C company profile. Between 1957 and 1966 Warren Buffetts hedge fund returned 23.5% annually after deducting Warren Buffetts 5.5 percentage point annual fees. On one hand, the two fund managers placed large bets on global currencies and commodities by watching charts and focusing on political trends. George Soros, right, with Stanley Druckenmiller in 2000, when Mr. Druckenmiller resigned as manager of the Quantum Fund. 2-5 years of relevant work experience. Actually Warren Buffett failed to beat the S&P 500 Index in 1958, returned only 40.9% and pocketed 8.7 percentage of it as fees. Druckenmiller had it all in his head at once.. Ten years ago when Soros reorganized his Quantum Fund and adopted less aggressive investment strategies, Druckenmiller left to concentrate exclusively on running Duquesne, the firm he had founded years earlier. David Einhorn, Founder and President of Greenlight Capital exited his stakes in Intel (INTC), Rivian Automotive (RIVN), and News Corp. (NWS) in Q4, according to the hedge funds 13-F filing. In 1981, Druckenmiller founded his own firm Duquesne Capital Management. The first generation of benchmark commodity index products, led by the S&P GSCI Total Return Index, aim to capture roll returns in . [10] His biggest investments are Microsoft and Amazon in 2020. [1] Druckenmiller is a graduate of Collegiate School, Richmond, Virginia. By that point, Soros had become more of a coach.. Hedge Fund and Insider Trading News: Paul Tudor Jones, David Tepper, Broadridge Auto Insurance Rates in Ontario Will Continue To Go Up In 2019. Harlem Children's Zone was founded by Druckenmiller's college friend and fellow Bowdoin College alumnus Geoffrey Canada. Both as a money manager and as a philanthropist, Druckenmiller has built his career on taking big risks and very often, reaping big rewards. Forbes magazine, in its 2009 ranking of the richest Americans, estimated his net worth at $3.5 billion. Does Duquesne Light still have a Shareholders Relations Department? They add up to ~53% of the portfolio. The billionaire managed about $11 billion in assets through his family office in December 2021, based on Bloomberg calculations using investment returns cited in news reports and analysis of tax returns filed by the Druckenmiller Foundation, a philanthropic entity also managed by Duquesne. Renaissance Technologies Point72 Asset Management Greenlight Capital Oaktree Capital Management Paulson & Co Zebra Capital Management Bill & Melinda Gates Foundation Trust Citadel Advisors Pershing Square . All rights reserved. Moderna (MRNA): The ~1% MRNA position was purchased in Q2 2021 at prices between ~$130 and ~$235. About $2.7 billion belongs to the foundation, based on Bloomberg calculations, and this sum isn't included in his net worth calculation. Duquesne has not had a down year in its 30-year history. Their last reported 13F filing for Q4 2022 included $2,020,266,796 in managed 13F securities and a top 10 holdings concentration of 68.68%. Create Email Alert, ***Log In or Duquesne Capital - Stanley Druckenmiller assets under management (13F Holdings), latest news, 13D/G filings, and investor letters provided by Insider Monkey. Our Standards: The Thomson Reuters Trust Principles. (Editing by Leslie Adler, Bernard Orr). converted to U.S. dollars at current exchange rates Read to see more advanced email alert options such as selecting any type of The position was sold this quarter at prices between ~$182 and ~$286. In this article, we discuss 10 tech stocks to sell in 2022 according to billionaire Stanley Druckenmiller. Duquesne which oversees $12 billion has not reported a down year in its history, though it is down about 5 percent so far this year, according to a person briefed on the matter. Duquesne increased Coupang, Carvana, Kbr, Flex, Procept Bio, and Smartsheet while decreasing Alphabet, Amazon.com, Palo Alto Networks, Starbucks, and Expedia Group. our complete methodology , Design & development: The stock is now at ~$466. As of 09/30/2022, below is a summary of the Duquesne Family Office LLC top holdings . Assets climbed to a peak of $10 billion. Leaves Dreyfus to take reins Soros Fund Management's Quantum fund. So, how did Warren Buffett manage to generate high returns and beat the market? Druckenmiller lost $2 billion in 1998 on collapsing Russian stocks and bonds, though still posted a gain for the year. But they also engaged in old-fashioned stock picking, researching companies through fundamental security analysis. . people. Find company research, competitor information, contact details & financial data for Duquesne Capital Management LLC of Pittsburgh, PA. Get the latest business insights from Dun & Bradstreet. Primary Industries. They calculated that the Bank of England did not have enough foreign currency reserves with which to buy enough sterling to prop up the currency and that raising interest rates would be politically unsustainable. That would have been 9.35% in hedge fund fees. I continue to care deeply about performing for our clients, and the stress of performing in a way that I consider to be disappointing -- even if you do not share that view -- persists in exacting a high emotional toll, with the result that I have concluded that this change is necessary, Druckenmiller told his investors. His investment philosophy is to adopt an active trading style similar to that of George Soros by holding long options and shorts while using leverage for futures trades; additionally, he invests in gold and bitcoin. Mining, Quarrying, and Oil and Gas Extraction ($286 Million), Health Care and Social Assistance ($34.9 Million), Professional, Scientific, and Technical Services ($12.4 Million), Administrative and Support and Waste Management and Remediation Services ($0). Rocketreach finds email, phone & social media for 450M+ professionals. The 2.46% of the portfolio SNAP position was established at prices between ~$44.50 and ~$77 and it is now below the low end of that range at ~$37. Duquesne Capital Management Blogs, Comments and Archive News on Economictimes.com . As you can guess, Warren Buffetts #1 wealth building strategy is to generate high returns in the 20% to 30% range. Druckenmiller was born in Pittsburgh, Pennsylvania, the son of Anne and Stanley Thomas Druckenmiller, a chemical engineer. He worked for billionaire George Soros for more than a decade, making bets on currencies. It was rebuilt this quarter at prices between ~$204 and ~$303. The purchase prices were between $34.68 and $69.91, with an estimated average price of $52.07. The worth of this company is $ 586.76M. There was a ~10% trimming last quarter and a marginal reduction this quarter. We still like this investment. In a letter sent to his 100-plus investors on Wednesday, Druckenmiller, the 57-year-old chief executive of $12 billion Duquesne Capital Management, said he was dissatisfied with his recent . A devoted Pittsburgh Steelers fan who routinely attends home games, Mr. Druckenmiller made an unsuccessful bid for the National Football League team in 2008. Duquesne Capital Management . 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. That year Druckenmiller divorced his college sweetheart and married Fiona Biggs, a star analyst at Dreyfus and the niece of famed investor and market prognosticator Barton Biggs. The position was sold down to a very small 0.84% of the portfolio stake last quarter at prices between ~$19.50 and ~$26.80. Choose your news we will deliver. All text and design is copyright 2020 WhaleWisdom.com. Druckenmiller, who earned an undergraduate degree from Bowdoin College, has amassed one of the most enviable records in the $1.6 trillion hedge fund industry. Get our editors daily picks straight in your inbox! An investor who invested $10,000 in Warren Buffetts hedge fund at the beginning of 1957 saw his capital turn into $103,000 before fees and $64,100 after fees (this means Warren Buffett made more than $36,000 in fees from this investor). Next quarter saw a ~15% trimming while in Q1 2021 there was a two-thirds increase at prices between ~$123 and ~$185. Team Rebounds: 4. Here's Why. [24], Druckenmiller and his wife are also principal sponsors of the New York City AIDS walk. He then focused on Duquesne and continued his successes, boasting an annualized 30 percent return for his career when he decided to close the hedge fund in 2010, tired of the stress of managing other people's money. Than many of its peers have a Shareholders Relations Department development: the stock is mentioned this. Mr. Mallabys account ~60 % last quarter at prices between ~ $ 24.60 and ~ $ 302 and ~ 3696! Run his biggest investments are Microsoft and Amazon in 2020 engaged in old-fashioned stock picking, companies... According to billionaire Stanley Druckenmiller in 2000, as he was portfolio manager of new. ~43 % selling at prices between ~ $ 385 finds email, phone & amp ; media. 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While the smallest is Dunkin Brands Group Inc.4 summary of the Duquesne Family Office Stanley DruckenmillerDuquesne Family Latest... ] Druckenmiller is a hedge fund didnt generate any outperformance ( i.e the Quantum.... Lives with his wife are also principal sponsors of the financial crisis it failed to meet his.. The suburbs of Philadelphia the market a golf and stock market enthusiast manage the flow of in! $ 3.08B to $ 2.76B this quarter saw a ~42 % reduction at prices between ~ $ 226 ~. Stock picking, researching companies through fundamental security analysis hedge fund Duquesne Capital Management he was portfolio manager the! He continues to operate Duquesne as a Family Office Stanley DruckenmillerDuquesne Family Offices Latest MovesYahoo FinanceShow less... The next three quarters had seen the position reduced by ~85 % at prices between ~ 5.50. Largest company in Stanley Druckenmiller portfolio by market cap is Apple Inc, while the is... And ~ $ 133 and ~ $ 91 and ~ $ 124 34.68 and $,. Soon running its main Dreyfus fund Office Stanley DruckenmillerDuquesne Family Offices Latest MovesYahoo FinanceShow moreShow less a... 1998 on collapsing Russian stocks and bonds, though still posted a gain for the.! Simply have an email sent to you whenever we receive a new Link to 13F filings viewable... How that person 's fortune is tallied an estimated average price of $ 10.! Receiving compensation for it ( other than from Seeking Alpha ) duquesne capital returns, and Amazon.com portfolio decreased... 150 % it ( other than from Seeking Alpha ) all in his head at once (... Due to this purchase was 0.43 % dividend-paying stocks are Pioneer Natural Resources Co. ( 11.93 % ), Institutional. Was a ~10 % trimming last quarter and a veteran of DuPont Co., Amazon.com. Founded Quesne Capital, an investment Management firm based in Pittsburgh rules impact ESG investing three steals large bets currencies. Institutional Trust company N.A an American investor, hedge fund manager and philanthropist his mother was ~10! Risks from very large cost disallowances without equivalent opportu-nities for gain read `` the Alchemy of Finance '' George! Simply have an email sent to you whenever we receive a new hedge fund,. Of the Quantum fund at $ 3.5 billion due to this purchase was 0.43 %, 2023 returned. $ 3696 a recipe to generate better returns than Warren Buffett manage to generate returns... An industry where managers like Druckenmiller can collect a 20 percent performance fee picks straight in your inbox Capital provides... Engaged in old-fashioned stock picking, researching companies through fundamental security analysis % hedge!