Billionaire Stanley Druckenmiller Sells Microsoft Stock and Buys a Brilliant Stock Up 334% in 5 Years
Stanley Druckenmiller was one of the most successful hedge fund managers in American history, earning an annual return of 30% over a three-decade period. He closed his hedge fund years ago but now manages his own money through Duquesne Family Office. That means investors can still follow his trades.Druckenmiller a few interesting capital allocation decisions in the fourth quarter. He sold his entire stake in Microsoft (NASDAQ: MSFT), which had been his largest holding just a year earlier. He also added to his position in MercadoLibre (NASDAQ: MELI), now his eighth largest holding. That stock has advanced 334% in the past five years.Here's what investors should know.Continue reading
Stanley Druckenmiller was one of the most successful hedge fund managers in American history, earning an annual return of 30% over a three-decade period. He closed his hedge fund years ago but now manages his own money through Duquesne Family Office. That means investors can still follow his trades.
Druckenmiller a few interesting capital allocation decisions in the fourth quarter. He sold his entire stake in Microsoft (NASDAQ: MSFT), which had been his largest holding just a year earlier. He also added to his position in MercadoLibre (NASDAQ: MELI), now his eighth largest holding. That stock has advanced 334% in the past five years.
Here's what investors should know.
