economy
Stanley Druckenmiller loaded up on Amazon and chip stocks before July rout
Druckenmiller's Duquesne Family Office dramatically increased its Amazon stake in the second quarter, while leaning further into semiconductors.
TL;DR
- Stanley Druckenmiller's Duquesne Family Office increased its bets on AI-linked stocks in the second quarter.
- The firm dramatically increased its Amazon stake to approximately $129 million.
- A new $120 million position in Alphabet was disclosed, marking its return to the portfolio.
- Stakes in Taiwan Semiconductor Manufacturing Co. and STMicroelectronics were boosted, becoming Duquesne's second and third-largest holdings.
- Smaller bets were added in Advanced Micro Devices and Palo Alto Networks.
- These purchases preceded a July rout in technology and semiconductor shares.
- Natera remained Druckenmiller's top holding, valued at over $800 million as of June 30.
- Druckenmiller is a closely followed macroeconomic investor known for his past success with George Soros' fund.