Stocks to Consider: New Additions by Stanley Druckenmiller and His Chip and Photonics Exits

Key Points

• Duquesne Family Office raised its Amazon stake by over 1,000% to 541,600 shares in Q2 2023.

• The firm opened a new position in Alphabet with 336,300 shares, approximately worth $120 million by the end of June.

• Duquesne exited investments in five technology companies, including Micron and Intel, during the same quarter.

Stanley Druckenmiller’s Duquesne Family Office reported a significant shift in its portfolio in its second-quarter 2023 filing with the SEC, notably increasing its stake in Amazon by more than 1,000%, bringing it to 541,600 shares valued at around $129 million. Additionally, the firm initiated a new investment in Alphabet, acquiring 336,300 shares worth approximately $120 million.

In a dramatic move, Duquesne entirely exited positions in five semiconductor companies—Micron Technology, Intel, Broadcom, Lattice Semiconductor, and Coherent—by the end of June. The firm’s total reported holdings surged from about $3.4 billion to $5.2 billion, with the number of positions increasing from 70 to 95. This strategic realignment reflects a focus on companies heavily investing in artificial intelligence infrastructure.