Billionaire Investor Stanley Druckenmiller Just Sold Broadcom and Microsoft and Piled Into These "Magnificent Seven" Stocks Instead
Very few investors can claim to be in the same league as Warren Buffett, arguably the greatest investor ever. But billionaire Stanley Druckenmiller is one of them. Druckenmiller worked as a fund manager for George Soros, another legendary investor, and he's never posted a year in the red, while putting up impressive returns over decades of investing. Today, Druckenmiller still invests through his own fund, the Duquesne Family Office. All funds with at least $100 million in assets under management must file 13F forms within 45 days of the end of each calendar quarter, which recently occurred for the fourth quarter of 2024 on Feb. 14. The 13F discloses what stocks funds held at the end of each quarter. In the fourth quarter, Duquesne revealed that it exited its positions in Broadcom (NASDAQ: AVGO) and Microsoft (NASDAQ: MSFT) and piled into these three "Magnificent Seven" stocks instead.According to Duquesne's 13F, the fund sold its nearly 240,000 shares of Broadcom and its nearly 43,100 shares of Microsoft. Broadcom had a superb year in 2024, with its stock rising nearly 108%, while Microsoft underperformed the broader market, only posting a 12% gain.Druckenmiller has been in and out of Broadcom since 2023. He purchased a new stake in the company in the third quarter of 2023 and then sold in the following quarter. He repeated this trend in the third and fourth quarters of 2024. Druckenmiller looks to have done OK on his trades with Broadcom, selling for higher average prices than he bought the stock for with gains in the 9% to 16% range based on his average purchase and sale prices.Continue reading
Very few investors can claim to be in the same league as Warren Buffett, arguably the greatest investor ever. But billionaire Stanley Druckenmiller is one of them. Druckenmiller worked as a fund manager for George Soros, another legendary investor, and he's never posted a year in the red, while putting up impressive returns over decades of investing. Today, Druckenmiller still invests through his own fund, the Duquesne Family Office. All funds with at least $100 million in assets under management must file 13F forms within 45 days of the end of each calendar quarter, which recently occurred for the fourth quarter of 2024 on Feb. 14. The 13F discloses what stocks funds held at the end of each quarter. In the fourth quarter, Duquesne revealed that it exited its positions in Broadcom (NASDAQ: AVGO) and Microsoft (NASDAQ: MSFT) and piled into these three "Magnificent Seven" stocks instead.
According to Duquesne's 13F, the fund sold its nearly 240,000 shares of Broadcom and its nearly 43,100 shares of Microsoft. Broadcom had a superb year in 2024, with its stock rising nearly 108%, while Microsoft underperformed the broader market, only posting a 12% gain.
Druckenmiller has been in and out of Broadcom since 2023. He purchased a new stake in the company in the third quarter of 2023 and then sold in the following quarter. He repeated this trend in the third and fourth quarters of 2024. Druckenmiller looks to have done OK on his trades with Broadcom, selling for higher average prices than he bought the stock for with gains in the 9% to 16% range based on his average purchase and sale prices.
