Billionaire Stanley Druckenmiller Pours $68,150,000 Into Four Stocks That Have Each Exploded 200%+ Year-to-Date
Billionaire investor and legendary hedge fund manager Stanley Druckenmiller is pouring millions of dollars in four stocks that have more than tripled in value in under half a year.
According to SEC filings, Druckenmiller’s family office, Duquesne Family Office, invested approximately $68.15 million in the first quarter in four stocks that have each gone up by between 236% and 623% since the year started.
The four stocks are flash memory and data storage firm SanDisk (NASDAQ: SNDK), data storage company Seagate Technology Holdings (NASDAQ: STX), chip designer Arm Holdings (NASDAQ: ARM) and memory manufacturer Micron Technology (NASDAQ: MU).
SanDisk is trading at $1,716 at time of writing, up by 623% year-to-date. Seagate Technology Holdings is changing hands at $927, up by 236% since the year started.
Arm Holdings is trading at $402 at time of writing, up by 268% year-to-date. Micron Technology is exchanging at $1,064 at time of writing, up by 273% since the beginning of the year.
Amid the millions of dollars of investment in the semiconductor supply-chain stocks, Duquesne Family Office also dumped nearly $200 million worth of stocks in four Fortune 500 companies during the first quarter.
Specifically, Duquesne Family Office offloaded approximately $120.81 million in Google’s parent company Alphabet (NASDAQ: GOOG), $45.17 million in Delta Air Lines (NYSE: DAL), $24.17 million in Goldman Sachs (NYSE: GS) and $9.81 million in American Airlines (NASDAQ: AAL).
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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