billionaire

Billionaire Stanley Druckenmiller Dumps $2,500,000,000 Portfolio, Pours Millions Into New Asset: Report

Published

4 months ago

January 4, 2025

Billionaire Stanley Druckenmiller is exploring new opportunities after dumping more than $2.5 billion in stocks.

The famed investor and head of Duquesne Family Office sold all of the firm’s shares of Nvidia (NVDA) last year, along with nearly all of the firm’s stake in Palantir (PLTR).

Now, Druckenmiller is beginning to pour some of the firm’s massive cash stockpile into Teva Pharmaceutical (TEVA), buying 1,427,950 shares worth about $30.3 million, reports the Motley Fool.

The stock surged more than 100% in 2024, as the company settled opioid litigation and reported strong growth after centering its efforts on brand-name drugs.

As of Q3 2024, the top holdings at Duquesne Family Office include Natera (NTRA) worth $452 million, Coupang (CPNG) valued at $287 million, Coherent (COHR) at $264 million, Woodward (WWD) at $181 million and Seagate Technology (STX) at $179 million.

In a recent interview with Nicolai Tangen, CEO of Norges Bank Investment Management, Druckenmiller said his top concern is whether the Federal Reserve started cutting rates too soon.

“When this whole inflationary episode started, and I’d say two years ago or a year and a half ago, I was very confident that inflation was going to come down, which I was right on.

But I was worried about the economy, which I was completely wrong on. You can take this with a grain of salt since I had one right and one wrong there, I’ve switched to being more worried about inflation going forward than the economy itself.

I’m a little worried that the Fed has declared victory too early. I don’t have conviction like I had in 2021 that inflation was going to go up, that’s when the money supply was growing 40% and all sorts of things were happening. But I also don’t have conviction that they’ve snuffed this thing out and won the battle.”

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Assets

Billionaires Pour ~$1,777,000,000 Into Three Assets in Major Portfolio Overhaul: Report

Published

4 months ago

January 11, 2025

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Several billionaire money managers have modified their portfolios and poured about $1.8 billion into new assets, according to a new report.

Billionaires Philippe Laffont, Stanley Druckenmiller, Chase Coleman, Stephen Mandel and Larry Robbins are accumulating AI-centered equities, reports The Motley Fool.

The investors have specifically targeted US semiconductor and software giant Broadcom (AVGO), purchasing a total of 1,728,646 shares valued at about $1.47 billion in the third quarter of last year.

The firm’s AI revenue has surged in recent months, powering a 125% rise in the stock over the last year.

The wealthy investors have also purchased roughly 1,749,613 shares of Amazon, worth about $245 million, as the company’s cloud platform Amazon Web Services (AWS) implements generative AI solutions for customers.

Lastly, the billionaires have bought 621,445 shares of Taiwan Semiconductor Manufacturing (TSM), worth about $62 million, betting on the world’s largest chip manufacturer.

The billionaires’ new plays in artificial intelligence come as analysts at PwC forecast the total addressable market for AI will hit $15.7 trillion by 2030, as the groundbreaking technology transforms business and manufacturing worldwide.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Apple

Billionaire Warren Buffett Abruptly Pours $563,000,000 Into Three Assets After Ditching Apple, Bank of America

Published

4 months ago

December 21, 2024

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Billionaire Warren Buffett just poured more than half a billion dollars into three assets.

After dumping huge positions in Apple and Bank of America and hoarding $325 billion in cash, new SEC filings show the Berkshire Hathaway chairman and CEO has bought $405 million of Occidental Petroleum (OXY).

Occidental Petroleum is a global energy company involved in oil and gas exploration and production, with further ventures in chemicals and low-carbon initiatives.

OXY is down 21% since the start of the 2024, dropping from $60.05 to $47.13 at time of publishing.

Meanwhile, Buffett has also purchased $113 million in Sirius XM Holdings (SIRI) and $45 million in VeriSign (VRSN).

Sirius XM offers satellite and streaming radio services across North America, with its stock down 57% since the start of 2024, from $54.90 to $23.08.

VeriSign is a global provider of domain name registry services and internet security solutions, with shares down 1.35% year-to-date, from $201.56 to $198.84.

Buffett completed purchases of the three companies last week and was required to report the buys immediately because Berkshire now owns more than 10% of each company.

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