Billionaire Stanley Druckenmiller Shifts Investment Strategy, Boosts Tech, Exits Bank Exposure
Billionaire Stanley Druckenmiller Shifts Investment Strategy, Boosts Tech, Exits Bank Exposure
Billionaire investor Stanley Druckenmiller, through his Duquesne Family Office, has significantly altered his portfolio by increasing stakes in tech giants Alphabet (GOOGL) and Amazon (AMZN). Concurrently, Druckenmiller has completely exited his positions in three major US banks, signaling a notable shift away from the traditional banking sector.
Billionaire Stanley Druckenmiller is boosting his stake in a pair of Magnificent 7 stocks while eliminating exposure to the banking industry. New filings show Duquesne Family Office bolstered its holdings in Alphabet (GOOGL) by 277% to 385,000 shares and its holdings in Amazon (AMZN) by 69% to 737,940 shares. Meanwhile, Druckenmiller exited positions in Citigroup.