September 28, 2010. Completes other duties as assigned. 19 Aug, 2010, 03.52 . No. Last quarter saw a ~60% reduction at prices between ~$222 and ~$485. The position was sold down by ~60% last quarter at prices between ~$302 and ~$370. He worked for billionaire George Soros for more than a decade, making bets on currencies. As a result of the merger being completed, the Duquesne Light Shareholder Relations Department was closed on Sept. 14, 2007. Link to 13F filings: SEC filings. [2] At the time of closing, Duquesne Capital had over $12 billion in assets. The stock currently trades below that range at $56.24. They add up to ~53% of the portfolio. Returns, AUM, Net Worth. Mr. Samuelson will stay at PointState "for several months" during a transition, Mr. Schreiber said, and will remain an investor in the firm. Anyone can read what you share. Booking Holdings (BKNG): BKNG is a 3.73% of the portfolio stake established in Q1 2021 at prices between ~$1886 and ~$2462 and the stock is now at ~$2262. In his letter, Mr. Druckenmiller wrote: To date we have delivered an unbroken record of positive annual performance, which I hope will continue for 2010 as well.. [11], Druckenmiller is a top-down investor who adopts a similar trading style as George Soros by holding a group of stocks long, a group of stocks short, and uses leverage to trade futures and currency. I am not receiving compensation for it (other than from Seeking Alpha). [1] His parents divorced when he was in elementary school and he went to live with his father in Gibbstown, New Jersey (a section of Greenwich Township, Gloucester County, New Jersey) and then in Richmond, Virginia (his sisters, Helen and Salley, would stay with their mother in Philadelphia). he was tired of the stress of managing money for others and frustrated by his failure in the past three years to match returns. Duquesne Capital had more than $12 billion in assets at the . To consistently deliver news, research and analysis to the executives who manage the flow of funds in the institutional investment market. At the time, he said: We thought it was the eighth inning, and it was the ninth. Druckenmiller lost $2 billion in 1998 on collapsing Russian stocks and bonds, though still posted a gain for the year. Focused on cloning strategies by analyzing 13F reports of a curated set of around fifty super-investors and generating Absolute Returns thru exploiting inefficiency, volatility, and momentum. Tekne Capital Management LLC Financial Services New York, New York Toronto is currently in ninth place, while Washington is in 10th, which means if the season ended today, both squads would be in . The stake has wavered. ? PointState has fared worse than many of its peers. He didn't provide further details. In early 2019 he held large positions in Microsoft, Abbott Laboratories, Salesforce.com, Delta Airlines, and American Airlines. SBA Lending Basics and Lender Match: Tools for Business Success. He acted in a couple of plays, and graduated magna cum laude in 1975 with a bachelor's degree in English and economics. Duquesne Family Office's largest holding is Coupang Inc with shares held of 20,283,765. The holdings are concentrated with recent 13F reports showing around 50 positions, many of which are very small. Hit the game-winning shot in the CSC tournament final. Wednesday, March 1, 2023 10:03 a.m. | Wednesday, March 1, 2023 10:03 a.m. WASHINGTON The nominee for archivist of the United States made her second appearance before the Senate Homeland . The rest of the stakes are minutely small (less than ~0.5% of the portfolio each). Assets climbed to a peak of $10 billion. We take a closer look at hedge funds like Duquesne Family Office in order to identify their best and worst ideas. Does Duquesne Light still have a Shareholders Relations Department? Announces plan to retire after 30 years of investing others money. Returns of mid-teens from 2011 to 2017 . After nearly falling out over investment styles, Mr. Soros decided to move to London to give Mr. Druckenmiller more space, Mr. Mallaby recounted in his book. Duquesne Fund Services LLC. Druckenmiller did not say exactly what he plans to do next but told investors he would be hosting meetings in Pittsburgh and New York in the next weeks to meet with them and answer their questions. Warren Buffett never mentions this but he is one of the first hedge fund managers who unlocked the secrets of successful stock market investing. All quotes delayed a minimum of 15 minutes. Hence, he closed the fund that has been running for 29 years (it was founded back in 1981) and had $12 billion in assets, and turned it into a family office, which, interestingly, still issues quarterly 13Fs. Methodology: The Bloomberg Billionaires Index is a daily ranking of the world's richest It earned the firm $1 billion and helped keep Britain out of Europes common currency union. That same year while at Dreyfus, he started his first hedge fund at Duquesne. There was a ~45% stake increase last quarter at prices between ~$2068 and ~$2491. In Stanley Druckenmiller's current portfolio as of 2022-09-30, the top 5 holdings are Coupang Inc (CPNG), Eli Lilly . He shut down his $12 billion hedge fund Duquesne Capital Management in August 2010, returning funds to clients. Airbnb (ABNB): ABNB is a ~3% of the portfolio stake established in Q2 2021 at prices between ~$133 and ~$190 and it is now at ~$171. He and Soros famously "broke the Bank of England" when they shorted British pound sterling in 1992, reputedly making more than $1 billion in profits, in an event known as Black Wednesday. He managed to achieve about a 40% average annual return on a multi-billion dollar hedge fund over 25 years during his time at Quantum and a 30% average annual return on his Duquesne Capital Management over 30 years. They married two different strands of investing. Former Steelers President Dan Rooney stated that he has no ill will toward Druckenmiller, mentioning that he hopes the financier remains a great Steelers fan. There was a ~10% trimming last quarter and a marginal reduction this quarter. An investor who invested $10,000 in Warren Buffetts hedge fund at the beginning of 1957 saw his capital turn into $103,000 before fees and $64,100 after fees (this means Warren Buffett made more than $36,000 in fees from this investor). Over our 140+ year history as a Catholic University in the Spiritan tradition, we've developed a national reputation for academic excellence. He scored 23 points on the road, making 9-0f-15 shots, to go along with with seven rebounds and three steals. A spokesman said the fund is off 5 percent this year as the average fund is up 1.52 percent. He was born in Pittsburgh in 1953. All rights reserved. He is the former chairman and president of Duquesne Capital, which he founded in 1981. Stan Druckenmillers Duquesne Capital is a family office that primarily manages the billionaire money managers personal fortune, which stands at about $6.8 billion according to Forbes. Shares started trading at ~$37.50 and currently goes for $35.74. Whalewisdom has at least 48 13F filings, and 4 13G filings. Mr. Druckenmillers career has not been without missteps. We initially share this idea in October 2018 and the stock already returned more than 150%. Coupang Inc. (CPNG): CPNG had an IPO in March. Duquesne Family Office Q1 2019 Portfolio Changes, Duquesne Family Office Stanley Druckenmiller, How to Best Use Insider Monkey to Increase Your Returns, 6 Things You Didn't Know About Hedge Funds. Since its inception in May 2014, our flagship strategy generated a cumulative return of 103%, beating the S&P 500 ETF (SPY) by nearly 38 percentage points (see the details here). duquesne capital returnsare there really purple owls. Teck Resources (TECK): TECK was a 2.47% of the portfolio position built in Q4 2020 at prices between ~$12.25 and ~$18.85. our complete methodology , Design & development: Soros hired him to run his biggest hedge fund, Quantum, in 1988. Duquesne Capital Management Blogs, Comments and Archive News on Economictimes.com . His hedge fund track record is renowned on Wall Street, generating annualized returns of 30% during his investment career. This quarter saw a ~20% reduction at prices between ~$2665 and ~$3014. But after years of managing other peoples fortunes, Druckenmiller joins a small but growing number of stars who are cutting their careers short. Tuesday, March 7, 2023 10:00 - 12:00 a.m. EST. Duquesne University Small Business Development Center. Duquesne Capital Management LLC Pittsburgh. The stock currently trades at ~$195. The one thing Im doing is Im learning who my friends are and who my enemies are, and Im making lists, Goldmans president, Gary D. Cohn, told Mr. Druckenmiller at the time. About. S&P 500WhaleScore [1] Druckenmiller is a graduate of Collegiate School, Richmond, Virginia. Duquesne Capital Management Frozen Fruit, Juice, and Vegetable Manufacturing, Data Processing, Hosting, and Related Services, Semiconductor and Related Device Manufacturing, Optical Instrument and Lens Manufacturing, Water and Sewer Line and Related Structures Construction, Wireless Telecommunications Carriers (except Satellite), Crude Petroleum and Natural Gas Extraction, Farm Machinery and Equipment Manufacturing, Software and Other Prerecorded Compact Disc, Tape, and Record Reproducing, Other Aircraft Parts and Auxiliary Equipment Manufacturing, Bituminous Coal and Lignite Surface Mining. A devoted Pittsburgh Steelers fan who routinely attends home games, Mr. Druckenmiller made an unsuccessful bid for the National Football League team in 2008. for Q4 2022. While equities were the firm's biggest exposure in the first three quarters of this year, losses in other strategies, including corporate debt and currencies, eroded those profits. That followed a career-high 31 points against the Dukes in late . Find company research, competitor information, contact details & financial data for Duquesne Capital Management LLC of Pittsburgh, PA. Get the latest business insights from Dun & Bradstreet. Stanley Freeman Druckenmiller is a hedge fund manager, philanthropist, and investor. March 1, 2023. Reprints. Revenue. This quarter saw another ~15% stake increase at prices between ~$26 and ~$31. This will schedule a job to export all requested 13f holdings data for this filer. the MV of securities sold, whichever is less, In this article, we are going to highlight Duquesne Family Offices most important portfolio changes in the first quarter of 2019. Insider Monkeys flagship strategy identifies the best performing 100 hedge funds at the end of each quarter and invests in their consensus stock picks. ~53 % of the portfolio 13F reports showing around 50 positions, many of which very. 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