Stanley Druckenmiller’s Family Office Makes Significant Portfolio Changes

Stanley Druckenmiller’s family office, Duquesne Family Office, has made significant changes to its portfolio, offloading shares of tech giants Alphabet Inc. and Amazon.com Inc., as well as semiconductor company Broadcom Inc. Meanwhile, it has acquired shares of gold miners Barrick Gold Corp. and Newmont Corp., as well as tech companies Adobe Inc. and Arista Networks. Druckenmiller’s interest in AI is evident in the portfolio, with new investments in AI-related companies such as Palo Alto Networks. Nvidia Corp. remains a standout position in the portfolio, with the firm holding shares worth nearly $550 million as of December 31, 2023. Druckenmiller’s decisions to sell shares of Alphabet and Eli Lilly are particularly noteworthy, indicating a change in strategy within the portfolio.