Key Points
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Stanley Druckenmiller significantly increased his holdings in Alphabet and Amazon in Q4 2022.
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He bought 282,800 shares of Alphabet and 300,870 shares of Amazon, increasing his stakes by 277% and 69% respectively.
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Duquesne sold all shares of Meta Platforms, totaling 76,100 shares, potentially due to profit-taking and concerns over future AI-related spending.
In the latest Form 13F filing, due February 17, 2023, Stanley Druckenmiller’s Duquesne Family Office reported a major boost in its investments in technology giants Alphabet and Amazon during the fourth quarter of 2022. The fund acquired 282,800 shares of Alphabet (GOOGL) and 300,870 shares of Amazon (AMZN), marking increases of 277% and 69%, respectively. Both companies are poised for growth due to their advancements in artificial intelligence, with Google Cloud experiencing a 48% year-over-year sales increase and AWS seeing a 24% increase in the same period.
Conversely, Druckenmiller completely divested his stake in Meta Platforms (META), selling off 76,100 shares. This decision may reflect a strategy to realize profits, as Druckenmiller typically holds investments for an average of just 7.5 months. Concerns about Meta’s substantial future spending on AI, alongside its heavy reliance on cyclical advertising revenue, likely influenced this move.
